Techmeme
June 21, 2021, 7:30 AM

Top News

Global Times:
China's Sichuan Province closes crypto mines, following Xinjiang, Inner Mongolia, and Yunnan; an estimated 90% of China's mining capacity has now been shut down  —  Many Bitcoin mines in Southwest China's Sichuan Province - one of China's largest cryptocurrency mining bases - were closed as of Sunday …
Rita Liao / TechCrunch:
Amber Group, a Hong Kong-based crypto finance startup that provides trading and asset management services, raises $100M Series B at $1B pre-money valuation  —  More mainstream venture capital firms are jumping on the crypto bandwagon as investors increasingly consider bitcoin an investable asset …
Sami Fathi / MacRumors:
Germany's Federal Cartel Office announces an antitrust investigation into Apple's App Store, pre-installed apps, and more  —  Germany's Federal Cartel Office, the Bundeskartellamt, today initiated proceedings against Apple on the claims of anti-competitive behavior related to the App Store …
Douglas Busvine / Reuters:
Forto, a freight forwarding service that gives customers real-time data, raises $240M led by SoftBank's Vision Fund 2 at a $1.2B valuation  —  Forto has raised $240 million from investors led by Softbank (9984.T), the freight technology startup said on Monday, and will invest in expanding …
More: Tech.eu and PR Newswire
Matt Dougherty / KHOU-TV:
Some power companies in Texas are remotely adjusting the smart thermostats of users enrolled in their energy saving programs to reduce strain on power grids  —  Some said they didn't know their thermostats were being accessed from afar until it was almost 80 degrees inside their homes.
Sam Shead / CNBC:
Google says it has decided not to reopen Campus, its London-based startup space, after the pandemic forced it to close  —  - The Silicon Valley tech giant announced on Monday that it has decided “not to reopen” Campus in East London after it was forced to close by the coronavirus pandemic.
Richard Pallot / ITV:
Investigation finds Amazon has been destroying thousands of unsold goods at its UK-based Dunfermline warehouse; source says 130K items are destroyed per week  —  Exclusive: Watch footage showing the ‘destruction zone’ in Amazon's Dunfermline warehouse where millions of unsold items are destroyed every year

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More News

Ax Sharma / BleepingComputer:
Wall Street Journal:
Christopher Mims / Wall Street Journal:
Kristen Sinclair / The Verge:
Betsy Ladyzhets / MIT Technology Review:

Earlier Picks

Forbes:
Dean Takahashi / VentureBeat: