Techmeme
June 29, 2022, 8:45 PM
 

June 29, 2022

8:00 PM  •
CoinDesk:  Sources: digital asset trading firm Genesis is potentially facing “hundreds of millions” of dollars in losses, partly through exposure to 3AC and Babel Finance
7:40 PM  •
Wall Street Journal:  Researchers say some businesses are exaggerating AI's capabilities, brewing misunderstanding and distorting policymakers' views of AI's power and fallibility
6:50 PM  •
Bloomberg:  EU lawmakers provisionally agree on anti-laundering rules for crypto, requiring verified customer identities for transfers between regulated digital wallets
6:40 PM  •
Sam Biddle / The Intercept:  Docs: Coinbase is selling features of its intelligence-gathering tool Coinbase Tracer to ICE, letting ICE track crypto transactions including bitcoin and ether
6:10 PM  •
Jason Schreier / Bloomberg:  Niantic, the company behind Pokémon Go, lays off 8% of its staff, around 85 to 90 people, and cancels four projects; Niantic was valued at $9B in November 2021
5:35 PM  •
Margi Murphy / Bloomberg:  Elliptic: North Korea-backed hacking group Lazarus might be behind Harmony's $100M altcoin theft; the hack bore similarities to the $600M Ronin bridge attack
4:20 PM  •
Jack Schickler / CoinDesk:  EU lawmakers agree on anti-money laundering rules for crypto, requiring a verified customer identity for transfers between regulated digital wallet providers
3:35 PM  •
Dan Goodin / Ars Technica:  Researchers detail sophisticated malware targeting various routers and taking over Windows, macOS, and Linux devices, in North America and Europe for ~2 years
2:50 PM  •
Lawrence Abrams / BleepingComputer:  Firefox now offers a feature to strip some web tracking parameters from URLs, including HubSpot, Marketo, and Meta, following similar functionality in Brave
2:15 PM  •
Adlan Jackson / New York Times:  A look at YouTube “media critics”, who use humor to dissect the output of more popular YouTubers, discuss the absurdities of influencers, and more
12:10 PM  •
Allyson Versprille / Bloomberg:  Sources: the Treasury Department and the IRS are likely to postpone a January 2023 starting date for crypto companies to track clients' capital gains and losses
10:55 AM  •
Brendan Murray / Bloomberg:  Experts express concerns over hackers commandeering ship controls, including automated steering and propulsion systems, despite efforts to address the issues
10:00 AM  •
Annie Armstrong / Artnet News:  As crypto enters another winter, Jimmy Fallon, Serena Williams, Reese Witherspoon, Meek Mill, and other celebrities quietly remove their NFT profile pictures
9:40 AM  •
Iain Martin / Forbes:  A look at NGL, an app that lets Instagram users send anonymous DMs, and its content moderation challenges; Data.ai: NGL has 1.75M downloads since November 2021
8:45 AM  •
Stephen Alpher / CoinDesk:  MicroStrategy purchased 480 bitcoins at a $20,817 average price from May 3 to June 28, bringing its holdings to 129,699, acquired for ~$3.98B or $30,664 each
8:40 AM  •
Christine Hall / TechCrunch:  New York-based Nautical Commerce, which offers multivendor marketplace tools, raised a $30M Series A led by Drive Capital, bringing its total funding to ~$33.2M
8:10 AM  •
Alex Heath / The Verge:  Snap launches Snapchat+, offering exclusive, experimental, and pre-release Snapchat features for $3.99 per month, starting in nine countries
8:05 AM  •
Raymond Wong / Input:  Carl Pei says Nothing phone (1) will use the mid-range Snapdragon 778G+, not the high-end 8 Gen 1, citing a balance of cost, performance, and power consumption
7:40 AM  •
David Yaffe-Bellany / New York Times:  Forbes estimates the 16 richest crypto billionaires lost $59B+ between March and June, led by Binance's Changpeng Zhao, as retail investors suffer heavy losses
7:30 AM  •
Megha Paul / Tech.eu:  London-based Cleo, an AI-powered assistant that aims to help Gen Z users improve their financial health and wellbeing, raised an $80M Series C led by Sofina
7:20 AM  •
Steven Ehrlich / Forbes:  After providing $750M in credit lines, Sam Bankman-Fried says some crypto companies are “basically too far gone”, “bearish views on Tether are wrong”, and more
7:05 AM  •
Wall Street Journal:  Internal documents from 2021 show Celsius issued large loans backed by little collateral while pitching itself as less risky than a bank with better returns
6:27 AM  •
Mark Kleinman / Sky News:  Source: a British Virgin Islands court ordered the liquidation of Singapore-based Three Arrows Capital on June 27; Teneo will handle the insolvency process
6:10 AM  •
Patrick McGee / Financial Times:  Some VR developers express frustration with Meta's Quest Store fees, a 30% cut for purchases and 15% to 30% for subscriptions, given Meta's criticism of Apple
5:30 AM  •
Coralie Mercier / World Wide Web Consortium:  W3C plans to become a public-interest non-profit organization in January 2023, saying the change is “imperative to preserve the core mission of the Consortium”
5:25 AM  •
Jonathan Stempel / Reuters:  A federal judge rules ex-Uber CSO Joe Sullivan must face fraud charges for allegedly covering up a 2016 hack that exposed the data of 57M passengers and drivers
5:20 AM  •
Ivan Levingston / Bloomberg:  Deliveroo plans to introduce new ad space on its app and website in July, including selling ads on its order-tracker page, in its push to become profitable
5:15 AM  •
Evelyn Cheng / CNBC:  The FCC's Brendan Carr calls on Apple and Google to remove TikTok from app stores due to China-related security concerns or explain why they haven't by July 8
4:40 AM  •
Bloomberg:  Sources: Tesla laid off ~200 Autopilot workers, most of them hourly and focused on data labeling, and closes its San Mateo office, as part of broader reductions
4:30 AM  •
Ingrid Lunden / TechCrunch:  London-based Entrepreneur First, which invests in nascent startups, connects co-founders, and offers support, has raised a $158M Series C at a ~$560M valuation
4:15 AM  •
Josh Smith / Reuters:  Experts say the crypto crash has wiped out millions of dollars stolen by North Korean hackers, threatening a key source of funding and its weapons programs
2:20 AM  •
Bloomberg:  A profile of ADT, which helps Google sell and install Nest smart home products, ahead of unveiling its ADT+ smart home security software and hardware in 2023
2:05 AM  •
Oshry Alkeslasi / Geektime:  Tel Aviv-based Konnecto, which helps brands improve their marketing by analyzing consumers' online purchase data, raised a $21M Series A led by PeakSpan Capital
1:30 AM  •
Saritha Rai / Bloomberg:  Source: Byju's offers to acquire 2U Inc. for ~$15 per share in cash, a 61% premium on its $9.30 Tuesday closing price, valuing the US edtech company at ~$2B
1:00 AM  •
Natasha Lomas / TechCrunch:  London-based Birdie, which offers digital tools to in-home care providers to optimize their workflow, raised a $30M Series B, bringing its total funding to $52M
12:15 AM  •
Conor Hale / Fierce Biotech:  PicnicHealth, which lets patients manage their health records online and aims to share anonymized data with researchers, raised a $60M Series C led by B Capital

June 28, 2022

11:40 PM  •
Katie Jennings / Forbes:  New York-based Nomad Health, an online marketplace for temporary health care jobs, raised $105M, bringing its total funding to $200M+, to expand beyond nurses
10:50 PM  •
Corinna Makris / VentureBeat:  Normalyze, which enables security teams to continuously analyze, prioritize, and respond to cloud data threats, emerges from stealth with a $22.2M Series A
10:25 PM  •
Allison Levitsky / Protocol:  Pave, which analyzes HR data to help companies close pay and equity gaps, raised a $100M Series C at a $1.6B valuation and acquires rival Option Impact
9:15 PM  •
Andrew Tarantola / Engadget:  NOAA triples its weather modeling capabilities and doubles its storage by adding two General Dynamics supercomputers for $505M, each operating at 12.1 petaflops
8:20 PM  •
Mark Gurman / Bloomberg:  Sources: Samsung Display acquires the IP and tech of Germany-based startup Cynora, which specializes in OLED displays for foldable devices, for about $300M
7:55 PM  •
Michael Bellusci / CoinDesk:  CoinFlex CEO Mark Lamb says crypto investor Roger Ver owes the exchange $47M in USDC, after Ver denied “some rumors” he defaulted on a debt to a counterparty
6:35 PM  •
Abner Li / 9to5Google:  Google announces Google Public Sector, a new division aiming to bring Google Cloud tech to US educational institutions and federal, state, and local governments
6:05 PM  •
Shannon Liao / Washington Post:  Sony launches InZone, a brand of PC gaming devices and accessories with PS5 integration, starting with 4K and 1080p 27" monitors and three headphones
4:50 PM  •
Jay Peters / The Verge:  Meta tests Discord-like changes to Facebook Groups, adding a channels list in a left-aligned sidebar that can include audio rooms, text chats, and feed channels
4:26 PM  •
Sarah E. Needleman / Wall Street Journal:  Pinterest CEO Ben Silbermann steps down and transitions to executive chairman; Google President of Commerce Bill Ready takes over and joins Pinterest's board
2:10 PM  •
Reuters:  A deep dive into Truth Social's struggles to build a competitive social media platform, largely because the company alienated tech talent and corporate partners
12:55 PM  •
Hadlee Simons / Android Authority:  Arm announces new mobile Armv9 CPUs with improved performance and new GPUs including the flagship Immortalis-G715, its first with hardware-enabled ray-tracing
12:05 PM  •
Kyle Wiggers / TechCrunch:  Opaque Systems, which is building AI to handle data in hardware-based trusted execution environments, raised a $22M Series A led by Walden Catalyst Partners
10:05 AM  •
Will Knight / Wired:  How Craiyon, formerly DALL-E mini, a viral image-generation tool by Hugging Face based on OpenAI's DALL-E, offers absurd fun and shows how AI can warp reality
9:40 AM  •
Kyle Wiggers / TechCrunch:  New York-based Gloat, an AI-powered internal jobs board, raised a $90M Series D led by Generation Investment Management, bringing its total funding to $192M
9:30 AM  •
Joey D'Urso / @josephmdurso:  [Thread] A look at the English Premier League soccer clubs' crypto sponsorships and fan tokens, most of which have tanked in value, exposing fans to big losses
9:10 AM  •
Charlie Warzel / The Atlantic:  a16z's Marc Andreessen and Packy McCormick failing to coherently explain Web3 use cases demonstrates the hollowness of the space, often obscured by boosterism
8:50 AM  •
Bloomberg:  After freezing withdrawals, crypto exchange CoinFlex plans to issue up to 47M Recovery Value USD tokens, offering a 20% annual return, to repay a $47M debt
8:05 AM  •
Reuters:  A Moscow court fines Twitch, Pinterest, and Airbnb ~$38K and UPS ~$19K for allegedly refusing to store Russian citizens' personal data in Russia
7:45 AM  •
Katie Roof / Bloomberg:  FrontApp, which offers the Front customer communications tool, raised $65M led by Salesforce and Battery at a $1.7B post-money valuation, up from $859M in 2020
7:40 AM  •
Corrie Driebusch / Wall Street Journal:  Long-Term Stock Exchange, a Silicon Valley-based rival to the NYSE and Nasdaq, raised $100M from the Walmart family's James Walton and The Space Between
7:20 AM  •
Ashutosh Joshi / Bloomberg:  After announcing plans to acquire Blinkit, Zomato's stock dropped 6.6% on Monday and ~8% on Tuesday, 21% below its IPO price, cutting ~$1.1B from its market cap
7:10 AM  •
James Vincent / The Verge:  Airbnb makes its temporary ban on parties at rented properties, introduced in 2020, permanent, saying the ban “became much more than a public health measure”
6:25 AM  •
Documented:  Privacy advocates say the SmartLINK app, an alternative to ankle monitors, helped ICE increase the number of people it tracks from <6K to 230K+ in three years
5:55 AM  •
Sarah E. Needleman / Wall Street Journal:  After Twitter gives Elon Musk access to its firehose and historical tweet data, experts doubt the data will provide conclusive answers on spam accounts and bots
5:35 AM  •
Anna Gross / Financial Times:  An interview with Arm CEO Rene Haas on the company's plans to use its IPO proceeds to pursue M&A deals and expand hiring, after Arm China changed its leadership
5:10 AM  •
Mike Butcher / TechCrunch:  A look at Plural, a €250M early-stage fund led by Wise co-founder Taavet Hinrikus, Teleport co-founder Sten Tamkivi, Songkick co-founder Ian Hogarth, and others
5:05 AM  •
Shirley Zhao / Bloomberg:  Netflix plans to grow its investments in Asia Pacific, which has 15% of its 221.6M subscribers and is forecast to be the biggest driver of further expansion
4:55 AM  •
Stephanie Condon / ZDNet:  Google makes Earth Engine, which offers sophisticated information about the Earth's surface, available to any commercial or government entity using Google Cloud
4:45 AM  •
Ingrid Lunden / TechCrunch:  UK-based Speechmatics, which uses AI to translate speech to text regardless of accent, raised a $62M Series B led by Susquehanna and says it has ~170 clients
4:25 AM  •
Emily Nicolle / Bloomberg:  Paris-based Kaiko, which offers crypto and DeFi market data to institutional investors and businesses, raised a $53M Series B led by Eight Roads
2:30 AM  •
Katie Deighton / Wall Street Journal:  Hypercasual video games, with ultrasimple gameplay and low-stakes challenges, are getting more sophisticated as studios fight to retain monetizable players

June 27, 2022

10:30 PM  •
Ashley Gold / Axios:  Filing: Google asks the US FEC to green light a program that would exempt campaign emails from spam; the GOP alleges Gmail unfairly flags its emails as spam
9:20 PM  •
Manish Singh / TechCrunch:  New Delhi-based Progcap, a digital bank that provides working capital to SMBs, raised a $40M Series C extension at a $600M valuation, up 3x since September 2021
7:55 PM  •
Wilfried Eckl-Dorna / Bloomberg:  Siemens plans to acquire Brightly, a North Carolina-based provider of buildings and infrastructure management cloud software, from Clearlake Capital for $1.58B
6:25 PM  •
Olivia Snow / Wired:  How SCOTUS overturning Roe could be used to curb online freedoms and surveil vulnerable populations, as happened to sex workers following FOSTA/SESTA in 2018
5:10 PM  •
Allison Johnson / The Verge:  T-Mobile launches App Insights out of beta, letting marketers target its customers based on apps they have installed and engagement patterns; users can opt out
5:00 PM  •
Jacquelyn Melinek / TechCrunch:  Sam Bankman-Fried says FTX has “no active M&A conversations with Robinhood”; Robinhood says an acquisition cannot go through without the founders' approval
4:45 PM  •
Emma Roth / The Verge:  Google says Hangouts will shut down in November as the Hangouts app begins prompting users to move to Chat
3:56 PM  •
TechCrunch:  Analysis of Stardust period tracking app, the top free app on the US App Store on June 25, shows it shares users' phone numbers with analytics company Mixpanel
3:45 PM  •
Sophia Kunthara / Crunchbase News:  London-based BNPL startup Hokodo raised a $40M Series B led by Notion Capital, following an £8.8M Series A in June 2021
3:40 PM  •
Ryan Browne / CNBC:  UK regulators investigate Kristo Käärmann, CEO and co-founder of money transfer company Wise, after tax authorities alleged he failed to pay a £720K+ tax bill
3:17 PM  •
Bloomberg:  Sources: Sam Bankman-Fried's crypto exchange FTX is exploring an acquisition of Robinhood; Robinhood's stock closes up 14%
2:40 PM  •
Annie Palmer / CNBC:  Amazon plans to host two Prime shopping events in a year for the first time, the second one set for Q4 2022, according to a notice sent to third-party merchants
12:30 PM  •
Samantha Cole / VICE:  Stardust's privacy policy said it may share “anonymized, encrypted” data to third parties “whether or not legally required”, before being changed after pushback
12:00 PM  •
Sebastian Herrera / Wall Street Journal:  Amazon's Prime Day shopping event, set for July 12-13, appears to be more low-key than previous years, focused on discounting Amazon-made products
10:55 AM  •
Dan Primack / Axios:  Filing: Digital World Acquisition Corp., which wants to take Trump's Truth Social public, discloses a federal grand jury issued subpoenas to each board director
10:15 AM  •
Jen Wieczner / New York Magazine:  Q&A with crypto billionaire Mike Novogratz on crypto as a scam, differences with past crashes, an incoming recession, LUNA's collapse, blaming the Fed, and more
9:45 AM  •
Ellen Huet / Bloomberg:  CB Insights: global VC activity dropped 23% between Q1 2022 and June 23, 2022, after dropping just 1.4% between Q4 2021 and Q1 2022; total funding dropped 27%
9:25 AM  •
Drew FitzGerald / Wall Street Journal:  AT&T and Verizon raise the prices of some monthly and older mobile plans, testing consumer budgets; T-Mobile has kept most of its rates flat
9:10 AM  •
Chainalysis:  A distribution analysis of 10 major DAO governance tokens finds that, on average, less than 1% of all holders have 90% of voting power
9:05 AM  •
Thomas Ricker / The Verge:  Starlink RV review: works in remote locations and power consumption beats expectations, but can't be used on a moving vehicle and storms degrade performance
9:00 AM  •
Bloomberg:  Filing: South Korea's largest car sharing startup Socar files for an IPO in Seoul on August 18, seeking to raise at least ~$119M and pricing shares at ~$26-$35
8:55 AM  •
Vicky Ge Huang / Wall Street Journal:  As crypto markets melt down, hedge funds are increasingly shorting tether, as a bet against either the broader economy or the quality of the assets backing USDT
8:50 AM  •
Thomas Brewster / Forbes:  Investigation: Instagram let a man accused of selling photos of children to pedophiles share images on two accounts months after he was charged and arrested
8:45 AM  •
Wall Street Journal:  Taiwan-based GlobalWafers announces plans to build a $5B silicon wafer factory in Sherman, Texas, aiming to reach 1.2M wafers per month, covering all US demand
8:40 AM  •
Washington Post:  With Roe overturned, privacy advocates worry period tracking apps are sharing data, with partners or affiliates, that may become evidence of a crime
8:35 AM  •
Andrew Rummer / The Block:  Voyager Digital issues a default notice to Three Arrows Capital for failing to repay a $650M+ loan; Voyager accessed $75M of credit from Alameda Research
8:25 AM  •
Olga Kharif / Bloomberg:  Sky Mavis says it plans to reimburse Axie Infinity users and reopen its Ronin bridge on June 28, after hackers stole 173,600 Ether and 25.5M USDC
8:20 AM  •
Antoni Slodkowski / Financial Times:  Despite UK pressure, Masayoshi Son tells SoftBank shareholders that the Nasdaq remains his “favourite” venue for Arm's IPO, but that nothing has been decided
7:55 AM  •
Harsh Upadhyay / Entrackr:  Bengaluru-based Solv, a B2B marketplace for SMBs, raised a $40M Series A led by Tokyo-based SBI Holdings, bringing its total funding to nearly $80M
7:30 AM  •
Bloomberg:  Naspers subsidiary Prosus sold 131.8M+ JD.com shares, a ~4% stake worth almost $4B, as the e-commerce company “does not form part of [its] core strategic focus”
5:55 AM  •
Michael Waters / MIT Technology Review:  Companies are increasingly weaving data centers, typically located in suburbs and rural areas, into the fabric of cities to further reduce lag times for locals
2:55 AM  •
Kyle Wiggers / TechCrunch:  Paris-based Strapi, which makes an open-source headless CMS, raised a $31M Series B led by CRV and plans to launch its Strapi Cloud service out of beta in 2023
12:30 AM  •
Vishal Singh / Silicon Canals:  Dublin-based &Open, which helps brands send physical and digital gifts at scale to people around the world, raised a $26M Series A led by Molten Ventures

June 26, 2022

9:00 PM  •
Joe Rossignol / MacRumors:  SSD benchmarks show the 256GB 13" MacBook Pro with M2 has ~50% slower read and ~30% slower write speeds than the previous generation 256GB MacBook Pro with M1
7:05 PM  •
New York Times:  Hundreds of procurement documents detail the software bought by China to sift through vast troves of surveillance data, helping “predict” possible troublemakers
6:00 PM  •
Brian Kahn / Protocol:  In the wake of SCOTUS overturning Roe v. Wade, tech companies give “no comment” in response to questions about users' data that can be used in prosecutions
2:25 PM  •
Alex Russell / Infrequently Noted:  A deep dive: how Apple uses iOS WebKit's monopoly to strip-mine and sabotage the web, hurting all browser engine projects and draining the web of its potential
11:00 AM  •
Mark Gurman / Bloomberg:  Sources: Apple is planning one of the most ambitious periods of new products in its history, including M2 and M3 Macs, coming between fall 2022 and H1 2023
8:05 AM  •
Andy Maxwell / TorrentFreak:  How Bungie identified a mass sender of fake DMCA notices to YouTube targeting Destiny content creators and Bungie's own channels, leading to its $7.65M+ lawsuit
2:00 AM  •
Christopher Mims / Wall Street Journal:  A look at Amazon's fight with China-based sellers of generic items trying to game its algorithms to develop Marketplace brands and get the “Amazon's Choice” tag
1:35 AM  •
Manish Singh / TechCrunch:  India's central bank ban on loading non-bank prepaid payment instruments using credit lines has created panic among Indian fintech startups
12:35 AM  •
Oscar Hornstein / UKTN:  UK online grocer Ocado, which licenses its automated warehouse tech to other brands, raised £578M in a share sale and secured a £300M loan facility from banks

June 25, 2022

10:25 PM  •
Tracy Wang / CoinDesk:  Leaked investor call: BlockFi backer Morgan Creek Digital aims to raise $250M to counter FTX's BlockFi bailout, since it could wipe out BlockFi shareholders
9:50 PM  •
Julie Muhn / Finovate:  Detroit-based Autobooks, a payment and accounting service for small businesses, raised a $50M Series C led by Macquarie, bringing its total funding to ~$98M
7:00 PM  •
Richard Waters / Financial Times:  Michael Saylor, whose company MicroStrategy holds bitcoin now worth ~$2.7B, says bitcoin “is still at an early stage in its development and poorly understood”
3:35 PM  •
Ming-Chi Kuo / Medium:  As Apple is expected to debut a headset in January 2023 and Meta slows VR investments, a look at opportunities for the VR supply chain and other headset makers
12:55 PM  •
New York Times:  Sources: Meta told staff not to discuss the Roe v. Wade ruling on wide-reaching internal channels, citing a company memo issued after the May draft opinion leak
10:40 AM  •
Tom's Hardware:  An interview with AMD's SVP Sam Naffziger on challenges facing the company, its coming RDNA 3 chiplet design, GPU performance and power efficiency, and more
7:10 AM  •
Abubakar Idris / Rest of World:  A look at the rise of BNPL services in Nigeria as some doubt the success of local startups amid weak ID verification systems and scant consumer credit records
2:05 AM  •
Paul Bischoff / Comparitech:  Research: 67 separate ransomware attacks impacted 954 US schools and colleges in 2021, costing education institutions an estimated $3.56B in downtime alone

June 24, 2022

9:30 PM  •
FinSMEs:  Berlin-based WorkMotion, whose Global Talent OS service helps HR teams scale onboarding and manage staff abroad, has raised a $50M Series B led by Canaan

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