Techmeme
May 14, 2021, 3:45 AM

Top News

Bloomberg:
Sources: Colonial paid ~$5M ransom in cryptocurrency within hours of the attack, but the hackers' decrypting tool was so slow that it had to use its own backups  —  - Payment came shortly after attack got underway last week  — FBI discourages organizations from paying ransom to hackers
Tom Schoenberg / Bloomberg:
Sources: Binance is under investigation by DOJ and IRS; officials involved include those who probe money laundering and tax offenses  —  - Justice Department, IRS seek information about crypto exchange  — The federal agencies haven't accused Binance of wrongdoing
Sean O'Kane / The Verge:
Elon Musk says Tesla no longer accepts bitcoin for vehicle purchases due to its environmental cost, will look at more environmentally friendly cryptocurrencies  —  Tesla has stopped accepting bitcoin as payment for its cars out of concern that it will contribute to greater consumption of fossil fuels …
Arjun Kharpal / CNBC:
The Block:
Vitalik Buterin sells large amounts of SHIB, AKITA, and ELON tokens, sent to him by coin creators, for ~$60M worth of ETH, and donates the proceeds to charities  —  Quick Take  — Ethereum creator Vitalik Buterin has offloaded a range of dog-themed meme tokens.
Yogita Khatri / The Block:
Tether, which claimed at launch that each tether was backed 1:1 with USD, releases a breakdown of its reserves, revealing that only 3.87% are in actual cash  —  Quick Take  — Stablecoin issuer Tether has revealed a breakdown of its reserves.  — As of March 31, 2021 …
BBC:
A peer-reviewed study finds UK's NHS contact-tracing app reduced the second wave by roughly 25%, averting ~594,000 out of 1.89M cases from October-December 2020  —  The NHS contact-tracing app had a significant impact on lowering the spread of the coronavirus in the UK, a peer-reviewed paper has found.
Joey Roulette / The Verge:
SpaceX signs a satellite connectivity deal with Google Cloud, as part of which SpaceX will install Starlink terminals at Google's data centers around the world  —  Under a new agreement, SpaceX will plant Starlink terminals at Google Cloud's data centers  —  Google said on Thursday …
Natasha Lomas / TechCrunch:
Google has been fined €100M+ by Italy's antitrust watchdog for abusing its dominant market position by restricting third party access to the Android Auto app  —  Google has been fined just over €100 million (~$123M) by Italy's antitrust watchdog for abuse of a dominant market position.
Amelia Lucas / CNBC:
DoorDash reports Q1 revenue of $1.08B, up 198% YoY, and a net loss of $110M, blaming a shortage of drivers, but raises forecasts; stock up 8%+ after hours  —  - DoorDash reported losses per share of 34 cents on revenue of $1.08 billion for its first quarter.
Jacob Kastrenakes / The Verge:
Actor claiming to be voice behind TikTok's text-to-speech feature sues TikTok for “irreparable harm”; says recordings she made were never authorized for TikTok  —  The voice actor filed a lawsuit last week  —  TikTok is being sued by a voice actor who claims to be behind …
More: Input
Taylor Hatmaker / TechCrunch:
Discord announces Stage Discovery, a tool to help people find communities through live audio events, and says it will soon test paid, ticketed audio events  —  If you're new to Discord, you might be thrown off by the lack of an endless feed peppered with ads.

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More News

Jordan Novet / CNBC:
Strategy Analytics:
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Earlier Picks

Bloomberg:
Ina Fried / Axios:
Ellen Nakashima / Washington Post: