Techmeme: Tundra, a new zero-commission wholesale marketplace, announces $12M Series A; Tundra generates revenue via premium checkout options like faster shipping (Jordan Crook/TechCrunch)

Top News

Richard Lloyd / IAM:

Intel puts around 8,500 patents related to the wireless modem business that it is exiting up for auction — In what looks set to become one of the highest profile patent sales in years, Intel has put its IP relating to cellular wireless connectivity on the auction block.

More: MacRumors, Android Authority, iDownloadBlog.com, MSPoweruser, Tom's Hardware, and 9to5Mac. Tweets: @iansherr

Golnaz Esfandiari / Radio Free Europe/Radio Liberty:

Iran says power consumption jumped 7% in June, largely due to Bitcoin mining, making the country's power grid unstable, seizes 1,000 Bitcoin mining machines — Iran has blamed an “unusual” spike in electricity consumption in the country on cryptocurrency miners, while warning that such illicit operations will be cut off from the grid.

More: Reuters, BBC, The Verge, CryptoGlobe, Forbes, The Next Web, Bitcoin News, The Block, Messari Crypto, NewsBTC, and The Merkle Hash. Tweets: @arawnsley

Nicky Woolf / Tortoise Media:

Profile of 8chan founder Fredrick Brennan, who sold the site in 2015, and says he has soured not just on 8chan, but on the whole idea it represented — How a childhood of anger led the founder of 8chan to create one of the darkest corners of the internet — On 27 April, before he burst …

Tweets: @ryan_padraic, @cerithomas01, @xtophercook, @tortoise, and @nickywoolf

Leigh Cuen / CoinDesk:

TaTaTu, after raising $575M from royals and celebs in a private 2018 ICO for a blockchain-based Netflix-like service, now says it is not a blockchain business — What started as a $575 million token sale is now a rewards program for watching videos. — TaTaTu's initial coin offering …

Tweets: @aridavidpaul, @udiwertheimer, @lopp, @ercwl, @aridavidpaul, @aridavidpaul, @decntrlzd, @raetoken, @atrissidoarjo, @aridavidpaul, @zooko, @mdudas, @coindesk, and @la__cuen

Alyssa Bereznak / The Ringer:

How TikTok users are supplanting the traditional functions of record labels, like talent scouting and publicity, for new artists — Lil Nas X's ‘Old Town Road’ is both a chart-topping phenomenon and a turning point for the music business. Here's what happens when a social media platform becomes a label.

More: Wall Street Journal. Tweets: @alyssabereznak, @jeremysliew, @peterpham, and @karolcummins

Jordan Crook / TechCrunch:

Tundra, a new zero-commission wholesale marketplace, announces $12M Series A; Tundra generates revenue via premium checkout options like faster shipping — Tundra, a new zero-commission wholesale marketplace, has today announced the close of $12 million in Series A funding.

Tweets: @garrytan

Makiko Yamazaki / Reuters:

Japan to tighten restrictions on the export to South Korea of materials for smartphone displays and chips starting July 4, in a dispute about war-time labor — TOKYO (Reuters) - Japan will tighten restrictions on the export of high-tech materials used in smartphone displays and chips …

More: Bloomberg, Japan Today, and SiliconANGLE

Facebook:

Facebook says it will treat 2020 US Census like an election and will have “people, policies and technology in place to protect against census interference” — Civil rights are the foundation of a free and just society — and something we care deeply about as a company.

More: TechCrunch, Medium, CNN, Reuters, CNET, Engadget, and Axios

Tweets: @baekdal, @kellymakena, @hadas_gold, @ylecun, @profcarroll, and @hansilowang

Eugene Kim / CNBC:

Profile of Jay Carney, formerly Obama's press secretary, who is now a member of Jeff Bezos' elite S-team, in charge of PR and policy at Amazon — KEY POINTS — Jay Carney is running public relations and policy at Amazon, which is the target of an increasing number of political attacks.

Tweets: @jordannovet, @mattrosoff, @matthewstoller, and @stevekovach

Louise Matsakis / Wired:

How journalists, researchers, and civil rights groups are using big data, which put gerrymandering on steroids, to easily and cheaply track redistricting — THE SUPREME COURT'S conservative justices ruled Thursday that the highest court doesn't have the power to address partisan gerrymandering …

Tweets: @wired, @wired, and @samwangphd

Kyle Bradshaw / 9to5Google:

Google launches a Fuchsia OS developer website with official documentation about developing for the open source operating system — As was repeatedly made plain to see during this year's Google I/O, developers are eager to learn more about Google's Fuchsia OS.

More: Forbes, Firstpost Tech, SlashGear, MSPoweruser, and Android Police

Daniel Palmer / CoinDesk:

CoinMarketCap buys Hashtag Capital, which started as a crypto trading fund and now builds “true price” tech based on liquidity, to improve its data offerings — As its bid to improve its crypto data offering continues, CoinMarketCap is snapping up a firm building technology said to provide a …

More: CryptoNewsZ, CoinMarketCap, CoinGeek, and Cointelegraph

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