Techmeme: Winklevoss' crypto exchange Gemini launches Gemini Custody, a custody service targeting financial institutions, with support for 18 cryptocurrencies (Nikhilesh De/CoinDesk)

Top News

Analysis: ~51% of capital invested into US VC-funded companies exiting over the last decade lost money, while less than 4% generated a 10x or greater return — In fact, we are highly skewed. — Most of us know intuitively that venture investing is a hits driven business.

Tweets: @skupor and @trengriffin

Jason Snell / Six Colors:

A look at Ultra Wideband-based U1 chip in iPhone 11 models, which is being used for AirDrop and could have many other potential applications like tracking tags — Apple likes talking about the awesome chips it designs for its iPhones, but it hates even hinting at products it hasn't yet announced.

More: CNET, Wired, Engadget, MacStories, Financial Times, Trusted Reviews, The Independent, Pocket-lint, Pocket-lint, and TechCrunch

Tweets: @counternotions, @rsgnl, @agaleszczynski, @jsnell, @laurengoode, and @nxthompson

Andy Greenberg / Wired:

Researchers: execution errors prevented the Crash Override malware, which took down the Ukrainian power grid for an hour in 2016, from causing lasting damage — A fresh look at the 2016 blackout in Ukraine suggests that the cyberattack behind it was intended to cause far more damage.

More: Dragos, Neowin, and SecurityWeek

Tweets: @acm_president, @a_greenberg, and @selenalarson

Jeff Abramowitz / Wired:

Launched 20 years ago, Wi-Fi nearly lost out to the rival HomeRF standard, which was being promoted by the group of Compaq, HP, IBM, Intel, and Microsoft — Opinion: Launched 20 years ago this week, Wi-Fi nearly hit a dead spot. — We all love Wi-Fi, except when we can't connect.

Tweets: @wired, @wired, and @oliakanevskaia

Srividya Kalyanaraman / AmericanInno:

CIMCON Lighting, whose smart city platform simplifies the deployment of sensors, cameras, and other devices, such as Wi-Fi access points, raises $33M Series C — Burlington-based smart city solutions maker CIMCON raised $33 million in a Series C round led by Digital Alpha.

More: PR Newswire, Smart Cities World, and Biometric Update

Tom Warren / The Verge:

Microsoft will reportedly launch a 15-inch version of the Surface Laptop 3 during its October 2 event — Surface Book 3 probably won't appear next month — Microsoft is planning to refresh its Surface lineup next month, and there could be a bigger version of the Surface Laptop 3 in the cards.

More: Softpedia News, Engadget, Neowin, MSPoweruser, The Verge, and Pureinfotech

Tweets: @tomwarren and @daniel_rubino

Renee Dudley / ProPublica:

Ransomware hackers are targeting managed service providers, causing chaos for the city governments, medical clinics, and smaller businesses who use them for IT — On July 3, employees at Arbor Dental in Longview, Washington, noticed glitches in their computers and couldn't view X-rays.

Tweets: @propublica, @sesmith, @propublicail, @propublica, @guptamnka, @propublica, and @danlgolden

Jake Bright / TechCrunch:

DHL expands its DHL Africa eShop to 13 additional markets, upping the presence of the global shipping company's e-commerce platform to 34 African countries — DHL has expanded its DHL Africa eShop business to 13 additional markets, upping the presence of the global shipping company's e-commerce platform to 34 African countries.

Brooks Barnes / New York Times:

SEC filing: Walt Disney Company CEO Bob Iger has resigned from Apple's board — LOS ANGELES — Robert A. Iger, Disney's chief executive and chairman, has resigned from the board of Apple, whose growing Hollywood operation would have made it harder for him to fully engage as one of its directors.

FinSMEs:

Sourced Group, which helps enterprises in regulated industries migrate their IT infrastructure to the cloud, raises CAD$20M — Sourced Group, a Canadian-owned IT consultancy specializing in large-scale cloud transformations for regulated industries, closed a CAD $20m financing.

More: PR Newswire and ARN

Nikhilesh De / CoinDesk:

Winklevoss' crypto exchange Gemini launches Gemini Custody, a custody service targeting financial institutions, with support for 18 cryptocurrencies — The Gemini exchange is launching an institutional-grade crypto custody solution, according to an announcement Tuesday.

More: PR Newswire

Margie Manning / St Pete Catalyst:

ComplianceQuest, which develops cloud-based quality management software for life sciences and manufacturing sectors, raises $36M Series A — ComplianceQuest, a Tampa company with software for life science firms and manufacturers, raised a $36 million Series A round led by Insight Partners.

More: PR Newswire, PitchBook, Tampa Bay Business Journal, and FinSMEs

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