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August 3, 2022, 8:25 AM
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WeSmirchTop News
| Jason Nelson / Decrypt: |
An unknown attacker has been emptying Solana and USDC wallets; Solscan says over 15,000 wallets have been affected, draining $4.46M, primarily in SOL and USDC — An unknown attacker drained thousands of wallets containing at least $4 million worth of Solana and USDC late Tuesday night.
More:
CoinDesk, The Block, The Block, Engadget, TechCrunch, PYMNTS.com, BleepingComputer, The Verge, Bloomberg, CoinDesk, Web3 is going just great, Watcher Guru, Financial Times, CoinGape, Cryptonews, Cointelegraph, Forkast, Cybernews.com, Ethereum World News, Coinspeaker, Blockworks, and ZyCrypto
Tweets: @peckshieldalert, @0xfoobar, @phantom, @solanastatus, @magiceden, @solanastatus, @solporttom, @aeyakovenko, @cz_binance, @milesdeutscher, @justinbarlow, @solanastatus, @hosseeb, @mattdesl, @buccocapital, @liron, @lyu_johnny, @aeyakovenko, @officer_cia, @justin_bons, @coinbureau, @justinsuntron, @top7ico, @justinbarlow, @naeper, @web3isgreat, @solbigbrain, and @thisisnuse
| Brian Newar / Cointelegraph: |
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The Block, CoinDesk, Chainalysis, SecurityWeek, CertiK Blockchain …, SC Media, Coinpedia, The Register, The Verge, Decrypt, Input, Engadget, The Record, ETH Daily, PYMNTS.com, Inside Bitcoins, Blockworks, Bitcoin News, and Security Boulevard
Tweets: @nomadxyz_, @nomadxyz_, @samczsun, @0xfoobar, @nomadxyz_, @samczsun, @xiliangchen, @0xfoobar, @mg_486662, @fatmanterra, @paradigmeng420, @bloombergtv, @cwgoes, @lorenzofb, @arjunbhuptani, @mudit__gupta, @el33th4xor, @mmasnick, @nassyweazy, @benedictevans, @moonbeamnetwork, @jonrog1, @moonbeamnetwork, @benedictevans, @samczsun, @dzack23, @chainlinkgod, @0xfoobar, @moonbeamnetwork, @notifi_xyz, @0xmisaka, @nickadobos, @levicook, @0xfoobar, @cl207, @matthuang, @andysayler, and @quantstamp
| Caitlin McCabe / Wall Street Journal: |
Robinhood plans to cut its headcount by ~23% over “additional deterioration of the macro environment”, after laying off ~9% of full-time employees in April 2022 — The job cuts mark the second round of layoffs for the online brokerage, which exploded in popularity during the Covid-19 pandemic
Source:
Under the Hood. More:
Decrypt, AltFi, The Guardian, Crypto Daily, Watcher Guru, Fortune, Crypto Briefing, WRAL TechWire, Global Nerdy, Observer, PYMNTS.com, Silicon Valley Business …, Forbes, Reuters, The Information, Protocol, TechCrunch, Blockworks, and The Block
Tweets: @ronlieber, @rmac18, @menlobear, @carlquintanilla, @michelezanini, @seldo, @bullandbaird, @ahcastor, @carnage4life, @steveclapham, @quinnypig, and @seldo
| Ashley Capoot / CNBC: |
Robinhood reports Q2 revenue down 44% YoY to $318M, vs $321M est., a $295M net loss, down from $502M YoY, and MAUs down 1.9M QoQ to 14M in June 2022 — - Robinhood CEO Vlad Tenev said the company will reduce its headcount by about 23%. — The company also dropped its second-quarter earnings report …
More:
Robinhood - Investor Relations, CryptoPotato, The Verge, SiliconANGLE, CoinDesk, The Verge, and Gizmodo
Tweets: @carnage4life, @chriskeall, and @karaswisher
| Adam Morgan McCarthy / The Block: |
MicroStrategy CEO Michael Saylor steps down and takes executive chairman role “to focus more on our bitcoin acquisition strategy”; president Phong Le named CEO — - Michael Saylor is set to step down from his role as CEO and become an executive chairman.
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MicroStrategy, Bloomberg, CoinDesk, CoinDesk, Yahoo Finance, Web3 is going just great, Coinspeaker, UNBANK, CoinGeek, Cryptonews, Bitcoin Magazine, Decrypt, The Verge, and Blockworks
Tweets: @frances_coppola, @cnbcjou, @saylor, @web3isgreat, @mayhem4markets, @moonlamboio, @carnage4life, @concodanomics, @caspiancey, @dennis_porter_, @concodanomics, @grady_booch, @wublockchain, @concodanomics, @cryptowhale, @carnage4life, @johnreedstark, @saylor, @degentraland, @udiwertheimer, @ahcastor, @autismcapital, @garyblack00, @kenziesigalos, @digitalassetbuy, and @dylanleclair_
| Nikkei Asia: |
US House Speaker Nancy Pelosi meets with TSMC chairman Mark Liu and others to discuss implementation of the Chips and Science Act during her Taiwan visit — TAIPEI — U.S. House Speaker Nancy Pelosi met with Taiwan's most important chip industry leaders in Taipei on Wednesday as part … | Jamie Crawley / CoinDesk: |
Chiliz, which owns digital fan token service Socios, buys a 24.5% stake in soccer club Barcelona's Barça Studios for $100M and will help expand Web3 offerings — Chiliz has acquired a 24.5% stake in Barca Studios, the Spanish soccer giant's digital-content creation arm.
More:
Socios.com, FC Barcelona, Decrypt, Channel NewsAsia, BeInCrypto, ESPN.com, Bitcoinist.com, Bitcoin News, ENCExploration, and Barca Blaugranes
Tweets: @fcbarcelona, @socios, @socios, @josephmdurso, @samuelmarsden, @josephmdurso, @graemebailey, @josephmdurso, @uglygame, and @wublockchain
| Natasha Mascarenhas / TechCrunch: |
Y Combinator shrinks its Summer cohort to nearly 250 companies, down 40% from 414 in its Winter cohort, due to the downturn in the economy and VC environment — Technically, the accelerator is more exclusive now — Y Combinator says it has intentionally shrunk the number of startups within its accelerator for the Summer 2022 batch.
More:
The Information, The Economic Times, and Tech in Asia
Tweets: @nmasc_, @nmasc_, @brianroemmele, @robustus, and @ulonnaya
| Sarah Perez / TechCrunch: |
Match Group says Tinder CEO Renate Nyborg is leaving after less than a year, reorganizes the app's management team, and ends Tinder's crypto and metaverse plans — Dating giant Match Group announced a series of changes to Tinder's management team alongside the announcement of disappointing second-quarter earnings on Tuesday.
More:
The Guardian, The Verge, CNBC, Cryptonews, The Economic Times, ExchangeWire.com, and International Business Times
Tweets: @mikebutcher, @jbursz, @sameepa, and @mrinaldesai
| Michael Kan / PCMag: |
A US jury finds a former T-Mobile store owner guilty of hacking T-Mobile staff to access internal tools that he used to unlock customers' phones, raking in $25M — Argishti Khudaverdyan was found guilty of various offenses after he stole login credentials from more than 50 different T-Mobile employees across the US.| Zhiyuan Sun / Cointelegraph: |
Nansen: users spent ~$2.7B worth of ether to mint NFTs in H1 2022; 50.7% of the ETH raised stayed with the NFT projects and 45.7% went to non-entity wallets — Over 1 million unique wallet addresses were involved in the minting process, signaling that nonfungible token market activity remained strong.| Saritha Rai / Bloomberg: |
Internal memo: Zomato appoints four CEOs to lead each of its key business units Zomato, Blinkit, Hyperpure, and Feeding India and plans to rename itself Eternal — Zomato Ltd., the Indian food-delivery company that went public last year, is appointing chief executive officers to lead …
More:
Moneycontrol, Reuters, The Economic Times, Entrackr, Livemint, Business Today, MediaNama, Telegraph India, and The New Indian Express
Tweets: @ron_miller, @johnreddyk, @chandrarsrikant, and @sub8u
| Tom Warren / The Verge: |
NPD Group: US consumer spending on video game products fell 13% YoY to $12.35B in Q2 2022; non-mobile subscription content was Q2's only segment that saw growth — The video game industry growth has slowed down — US consumer spending on video game products has fallen by $1.78 billion in Q2, according to market research firm NPD.
Source:
NPD Group. More:
The Shortcut, Metro.co.uk, Dot Esports, dot.LA, Slashdot, Windows Central, and TechSpot
Tweets: @matpiscatella, @paultassi, @benjisales, @bahlivern, @boundarybreak, @necksplitter, @mavriqgg, @zeuslfc, @legacykillahd, and @tomwarren
| Takashi Mochizuki / Bloomberg: |
Nintendo misses with Q1 sales down 4.7% YoY to ~$2.3B and operating profit down 15.1% YoY to ~$763M; Switch sales fell 22.9% YoY to 3.43M — Nintendo Co. reported worse-than-expected first-quarter earnings on Wednesday as a weaker yen failed to offset declining hardware and software sales.
Source:
Nintendo Investor Relations. More:
VentureBeat, Engadget, GamesIndustry.biz, The Verge, iMore, VentureBeat, Video Games Chronicle, Agence France-Presse, Reuters, Wccftech, and Appuals.com
Tweets: @6d6f636869 and @mattsainsb
| Financial Times: |
Source: Meta Global Affairs President Nick Clegg is partly relocating to London for personal reasons, splitting his schedule between California and the UK — Global affairs chief will split his time between UK and California as social media group embraces remote leadership
More:
Fortune, The Guardian, Social Media Today, Adweek, CNBC, and iPhone in Canada Blog
Tweets: @muradahmed, @aulia, @daaronovitch, @jjvincent, @acookiecrumbles, @leokelion, and @atbwebb
| CNBC: |
AMD reports Q2 revenue up 70% YoY to $6.6B, vs $6.53B est., including Data Center segment sales up 83% YoY to $1.5B and Client segment sales up 25% YoY to $2.2B — - AMD reported earnings for the quarter ending in June that beat estimates. — The company gave a forecast for the current quarter …
Source:
Advanced Micro Devices, Inc.. More:
The Register, More Than Moore, Coinspeaker, Protocol, SiliconANGLE, Wccftech, and VentureBeat
Tweets: @ryanreith, @patrickmoorhead, @greengart, @neiltwitz, @bobodtech, @marketrebels, @manpreetkailon, @iancutress, @benbajarin, @cnbc, @investorvideos, and @neiltwitz
| Natasha Lomas / TechCrunch: |
Uber partners with Berlin-based travel service Omio to test train and coach bookings via its app in the UK, using Omio's inventory across 1,000+ providers — Uber is testing adding train and coach travel to its app in the UK so customers can book longer distance ground travel via …
More:
Tech.eu, Engadget, Internet of Things News, and Skift
| Leen Al-Rashdan / Bloomberg: |
Dubai-based buy now, pay later startup Tabby raised $150M in debt from Atalaya Capital and Partners for Growth, bringing its total funding to $275M — Sign up for our Middle East newsletter and follow us @middleeast for news on the region. — Dubai-based buy now, pay later startup Tabby …
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Finextra and Tech in Asia
| Kate Beioley / Financial Times: |
In a U-turn, the UK's CMA provisionally agrees to the $8B merger between Avast and NortonLifeLock, citing “significant competition” from McAfee and others — Avast shares rise more than 40% after CMA provisionally agrees $8bn merger with US rival| Ingrid Lunden / TechCrunch: |
Thoma Bravo plans to acquire enterprise identity management service Ping Identity in an all-cash $2.8B deal; Ping reported $72M in Q2 revenue, below estimates — After a tough few months in the markets for Ping Identity, the enterprise identity management company today announced a big move … | Martin Peers / Bloomberg: |
Apple's secrecy around its Services revenue, up 12% YoY in Q3 but down from a 25% average in the four previous quarters, shows why investors need more insight — Analyzing Apple's earnings can, on occasion, feel like looking at a jigsaw puzzle with some of the pieces missing.Sponsor Posts
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