Techmeme
August 23, 2021, 1:30 PM

Top News

Ryan Browne / CNBC:
After criticism, Centre, the consortium founded by Circle and Coinbase, says its stablecoin USDC will now back reserves with only cash and US treasuries  —  - Digital currency company Circle says it's changing the makeup of its dollar-pegged stablecoin USD Coin to just cash and U.S. Treasury bonds.
Lily Hay Newman / Wired:
Researchers find 1K+ web apps, from Ford, American Airlines, and others, mistakenly exposed 38M records stored on Microsoft's Power Apps service  —  Misconfigured Power Apps from Microsoft led to more than a thousand web apps accessible to anyone who found them.
Gillian Tan / Bloomberg:
Nigerian mobile payments service OPay raises $400M led by Vision Fund 2 at a $2B valuation, marking SoftBank's first investment in Africa  —  - Sequoia Capital China and Redpoint China also participated  — Investment marks Vision Fund 2's first bet in Africa
Yogita Khatri / The Block:
Visa says it acquired CryptoPunk 7610, one of the 3,840 female punk NFTs, for around $150K last week, adding it to its art collection  —  Quick Take  — Visa has bought CryptoPunk 7610 as it enters into the world of NFT commerce.  — “NFTs are an intersection of culture and commerce …
Ryan Browne / CNBC:
PayPal will launch its cryptocurrency service in the UK this week, the product's first international expansion since it debuted in the US in 2020  —  - PayPal will let British customers buy, hold and sell digital currencies, starting this week.  — It marks the first international expansion …
Lawrence Abrams / BleepingComputer:
A bug in Razer's Synapse software, which Windows fetches and installs when a Razer accessory is plugged in, lets anyone with a Razer mouse gain admin privileges  —  A Razer Synapse zero-day vulnerability has been disclosed on Twitter, allowing you to gain Windows admin privileges simply by plugging in a Razer mouse or keyboard.
Packy McCormick / Not Boring:
An in-depth look at Solana blockchain project: $0.0001/transaction and 65,000 transactions/second, well ahead of Bitcoin and Ethereum, and a $21.2B market cap  —  The $21B Blockchain and the Arrow of Time … Today's essay, the whole thing, is brought to you by... Solana  —  Hi friends 👋,
Alex Wilhelm / TechCrunch:
Shelf.io, which helps companies organize info to quickly find answers and respond to customers, raises $52.5M Series B led by Tiger Global and Insight Partners  —  Covering public companies can be a bit of a drag.  They grow some modest amount each year, and their constituent analysts pester …
Tilly Kenyon / FinTech Magazine:
London-based online payments company Paysafe will acquire LATAM-focused e-commerce payment service SafetyPay for $441M in cash  —  Paysafe's latest acquisition of SafetyPay enables it to further scale in the high-growth Latin American region Paysafe, a specialised payments platform …

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Featured Podcasts

Hard Fork:
Anthropic's Cybersecurity Shock Wave + Ronan Farrow and Andrew Marantz on Their Sam Altman Investigation + One Good Thing
The future is already here. Each week, journalists Kevin Roose and Casey Newton explore and make sense of the latest in the rapidly changing world of tech.
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The Upstarts Podcast:
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Access:
OpenClaw for normies is here
A show about the tech industry's inside conversation, hosted by tech reporter Alex Heath and founder whisperer Ellis Hamburger.
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The Nick, Dick and Paul Show:
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Nick Bilton, Dick Costolo, and Paul Kedrosky pull back the curtain on AI, startups, and the future rushing toward us, all with healthy dose of irreverence.
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Big Technology Podcast:
OpenAI vs. Anthropic's Direct Faceoff + Future of Agents — With Aaron Levie
The Big Technology Podcast takes you behind the scenes in the tech world featuring interviews with plugged-in insiders and outside agitators.
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Tools and Weapons with Brad Smith:
Ryan Roslansky: Turning AI Anxiety into Skills for the Future of Work
Microsoft Vice Chair and President Brad Smith speaks with leaders in government, business, and culture to explore the most critical challenges at the intersection of technology and society.
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More News

Manish Singh / TechCrunch:
Cecilia D'Anastasio / Wired:
Edd Gent / IEEE Spectrum:

Earlier Picks

Rebekah Valentine / IGN:
Sami Fathi / MacRumors:
Elizabeth Dwoskin / Washington Post:
Post-Culture / @postcultrev: