| Microsoft: |
Microsoft plans to acquire Activision Blizzard for $68.7B in cash, or $95/share, in FY 2023; Activision's stock, which closed last week at $65.39, jumps 25%+ — Legendary games, immersive interactive entertainment and publishing expertise accelerate growth in Microsoft's Gaming business across mobile, PC, console and cloud.| Tom Warren / The Verge: |
Microsoft says Xbox Game Pass has 25M subscribers, up from 18M in January 2021 — Microsoft's all-you-can-eat catalog of games is getting bigger, and now it's adding Activision Blizzard — Microsoft's Xbox Game Pass service now has 25 million subscribers.| Andrew Asmakov / Decrypt: |
Crypto.com halted withdrawals on Monday and required users to sign back in and reset 2FA; research shows it lost 4,600+ ETH, worth ~$15M, in a presumed hack — The crypto exchange has reportedly lost at least $15 million in Ethereum, and security experts believe the true losses could be much higher.| Stephen Graves / Decrypt: |
Coinbase partners with Mastercard to let users pay with a credit card in its upcoming NFT marketplace, solve “pain points”, and classify NFTs as “digital goods” — Crypto exchange Coinbase has announced a partnership with Mastercard to simplify the process … | Jeffrey Knockel / The Citizen Lab: |
China's MY2022 Olympics app, mandatory for attendees to report travel and health data, has serious encryption flaws and contains a censorship keyword list — Key Findings — MY2022, an app mandated for use by all attendees of the 2022 Olympic Games in Beijing, has a simple but devastating flaw … | Canalys: |
| Joanna Ossinger / Bloomberg: |
Animoca Brands, which publishes NFTs and games tied to blockchain platforms, raises $359M led by Liberty City at a $5B valuation, up from $2.2B in October 2021 — Soros Fund Management and the Winklevoss twins' venture capital firm are among investors in a funding round that's more than doubled … | Tomer Ganon / CTech: |
Source: Israeli police used NSO's Pegasus to monitor citizens, mayors, political protesters, and former government employees without warrants or court oversight — Mayors, leaders of political protests against former Prime Minister Benjamin Netanyahu, and former governmental employees … | Hannah Murphy / Financial Times: |
Analysis: Meta has filed dozens of patents to monetize its metaverse, including a virtual store with sponsored items, eye and face tracking in headsets, more — Meta hopes to use tiny human expressions to create virtual world of personalised ads — Pupil movements, body poses and nose scrunching … | Lucy Harley-Mckeown / The Block: |
The UK government will increase its scrutiny of crypto advertising, bringing the marketing in line with other financial promotions, to avoid “misleading claims” — Quick Take — HM Treasury said it would ramp up scrutiny of crypto advertising in the UK.| Todd Spangler / Variety: |
YouTube says it's winding down YouTube Originals after six years and will only fund programs that are part of its Black Voices and YouTube Kids Funds — YouTube is getting out of the business of originals: The Google-owned video giant said it is winding down its original productions team after more than six years.| Omkar Godbole / CoinDesk: |
Binance conducted its first Binance Coin (BNB) auto-burn last quarter, removing over 1.6M BNB tokens, worth $750M, from circulation — Cryptocurrency exchange Binance implemented its first-ever binance token (BNB) auto-burn program last quarter, removing over 1.6 million BNB tokens worth $750 million from circulation.| Lauren Feiner / CNBC: |
The FTC and DOJ seek public comment on how to rewrite “the antitrust laws regarding mergers”, signaling a potentially tougher stance toward Big Tech deals — - The Federal Trade Commission and Department of Justice Antitrust Division kicked off a process to rewrite merger guidelines for businesses on Tuesday.| Cho Mu-Hyun / ZDNet: |
Samsung unveils its 4nm Exynos 2200 SoC with an Xclipse GPU using AMD's RDNA 2 architecture, offering hardware-accelerated ray tracing and variable rate shading — The processor packs Samsung's own Xclipse GPU based on AMD RDNA 2 architecture that the South Korean company says will offer … | Alexandra Alper / Reuters: |
Sources: the US government is reviewing Alibaba's cloud business to determine potential national security risks, including how it stores US clients' data — The Biden administration is reviewing e-commerce giant Alibaba's cloud business to determine whether it poses a risk to U.S. national security … | Kyle Wiggers / VentureBeat: |
Clockwise, which offers enterprise time tracking and scheduling tools, raises $45M Series C led by Coatue and says teams at 10K orgs are paying subscribers — To state the obvious, the shift from in-office to remote and hybrid work hasn't been easy for organizations.| Arjun Kharpal / CNBC: |
Shopify partners with JD.com to help US merchants sell goods in China; merchants can set up shops in 3-4 weeks, well below the current 12-month process — - Shopify has partnered with e-commerce giant JD.com to help U.S. merchants sell their goods in China.| Anita Ramaswamy / TechCrunch: |
Pinwheel, which offers APIs to fintechs for payroll, income, and other data, raises a $50M Series B at a $500M valuation, following a $20M Series A in June 2021 — Six months after its $20 million Series A, payroll connectivity platform Pinwheel just announced that it has nabbed another $50 million … | Ben Thompson / Stratechery: |
As Intel pushes ahead with its IDM 2.0 strategy, a look at the motivations behind its TSMC partnership that is giving its competitor better scale and economics — Intel's earnings are not until next Wednesday, but whatever it is that CEO Pat Gelsinger plans to discuss … | Ashley Rodriguez / Insider: |
Social Capital founder and CEO Chamath Palihapitiya says the “ugly truth” is “nobody cares about what's happening” to Uyghurs in China, himself included — - Chamath Palihapitiya said “nobody cares about what's happening” to Uyghur Muslims in China.
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| Stephanie Bodoni / Bloomberg: |