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March 30, 2022, 9:30 AM
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Andrew Thurman / CoinDesk:
The Ronin Network, which supports Sky Mavis' Axie Infinity game, says it was hacked, and 173,600 ETH and 25.5M USDC was stolen, worth $600M+; RON is down ~20%  —  It may be the largest exploit in DeFi history.  —  The latest crypto hack may be the largest yet.
More: Ed Zitron's Where's Your Ed At, Ronin's Newsletter, Metacurity, Ars Technica, Web3 is going just great, TNW, Gizmodo, Washington Post, Kotaku, Comparitech, Security Affairs, CoinGeek, Kaicho Alpha Insights, ExchangeWire.com, Barron's Online, Bloomberg, Cryptonews, Silicon Republic, The Verge, Infosecurity, TechRadar, VentureBeat, Coinspeaker, GamesTX, CoinQuora, Kyrian Alex's Newsletter, Waivly, TechCircle, Elaborate VC, The Overspill, Numlock News, Coinmonks, PYMNTS.com, ZDNet, SiliconANGLE, Financial Times, Input, Tech in Asia, Crypto Daily, Protocol, and The Block
Tweets: @ronin_network, @ronin_network, @ronin_network, @axieinfinity, @edzitron, @web3isgreat, @cz_binance, @coindesk, @sbf_ftx, @wublockchain, @josephfcox, @jrhennessy, @web3isgreat, @smooch_axie, @epsilontheory, @benedictevans, @zrachess, @the_postman_, @cobie, @lawmaster, @jihoz_axie, @kelvinfichter, @frankresearcher, @adamscochran, @johnreedstark, @carnage4life, @j0hnnyxm4s, @dclblogger, @epsilontheory, @nischalshetty, @ibogost, @mitsuhiko, @ryanlcooper, @malwarejake, @mkapor, @munecatmusic, @ben_mckenzie, @villi, @simonyusea, @thedextriarchy, @rleshner, @kyle_chasse, @fredbenenson, @mikeisaac, @iboudreau, @carnage4life, @matthew_d_green, @frankresearcher, @danlesac, @bigblackjacobin, @adamsinger, @musalbas, @iansherr, @bcrypt, @krugermacro, @discoverxnft, @dogetoshi, @zackwhittaker, @mattbinder, @silvermanjacob, @broderick, @epro, @adrianweckler, @kelvinfichter, @adamscochran, @adamscochran, @adamscochran, @adamscochran, @adamscochran, @nft_guru, @nft_guru, @nft_guru, @nft_guru, @kelvinfichter, @degenapeacademy, @kelvinfichter, @staffordphilip, @joepostingg, @phabcd, @joepostingg, @alexhern, @mintroyale, @blockanalia, @blockanalia, @livercoin, @livercoin, @0xpepo, @caseynewton, @tomaxwell, @zackseward, @edzitron, @caseynewton, @cobie, @hosseeb, @loopifyyy, @cryptodefilord, @_prestwich, @hosseeb, @hosseeb, @jonrussell, and @chainlinkgod
Bloomberg:
Sky Mavis COO Aleksander Larsen says the company is “committed to reimbursing” Axie Infinity players and is “working on a solution”  —  The company behind the popular Axie Infinity crypto game said it will reimburse online participants who lost funds after hackers stole …
Washington Post:
Meta paid Republican consulting firm Targeted Victory to orchestrate a campaign against TikTok in the US, including placing op-eds in regional news outlets  —  Facebook parent company Meta is paying one of the biggest Republican consulting firms in the country to orchestrate a nationwide campaign seeking …
Wall Street Journal:
Sources: China is planning expanded restrictions on its huge live-streaming industry, including capping daily tipping and tighter content censorship  —  Regulators are planning rules limiting virtual tipping of live-streaming hosts and time spent by young people on the apps
Financial Times:
Sources: Arm plans to transfer shares from its China joint venture, which it has struggled to control and audit, to SoftBank to speed up a New York listing  —  Shifting stake in chip designer's joint venture to a SoftBank special purpose vehicle would ease New York flotation
Mitchell Clark / The Verge:
Google adds expanded Markdown support to Docs on the web, off by default, as part of its autocorrect feature  —  ## An alternative to keyboard shortcuts  —  Google is adding Markdown support to Google Docs on the web, letting you format your document using text shortcuts rather than keyboard ones.
Gilad Edelman / Wired:
A look at the ECASH Act, which would direct the US Treasury to pilot digital dollars that would be stored on hardware and not on a distributed blockchain ledger  —  If you want the privacy of paper money, you need something that leaves no paper trail.  —  When you hear the phrase “digital cash,” what comes to mind?
Emily Nicolle / Bloomberg:
The UK's FCA extends a key deadline, set for Thursday, for approving crypto companies; the FCA has so far approved 33 companies  —  The U.K.'s financial regulator is extending a Thursday deadline for its approval of crypto operations, giving a dozen firms more time to get their applications or affairs in order.
Ron Amadeo / Ars Technica:
Google adds a “booking page” to Calendar, letting users present available periods for a meeting  —  Calendar can now generate a webpage of available time slots for a user to pick from.  —  Google Calendar's latest update promises to take a lot of the back-and-forth out of booking appointments.
TechCrunch:
A brief overview of Y Combinator's Demo Day for the Winter 2022 batch, with 414 companies in total and the first batch to receive YC's new standard deal  —  The TechCrunch team spent today covering the first day of Y Combinator's Winter 2022 Demo Day, which featured half of the 394 companies that plan to virtually present.
Madhumita Murgia / Financial Times:
DeepMind says it made changes to its policies after a female former staff member accused the Google-owned company of mishandling sexual misconduct allegations  —  Former employee at artificial intelligence group raises concerns about grievance procedure following assault and harassment by senior researcher
New York Times:
Sources detail internal confusion from Meta moderators and employees over how to enforce content rules during Russia's invasion of Ukraine  —  The rules over what war content is permitted on Facebook and Instagram keep changing, causing internal confusion.  —  Meta, which owns Facebook …
Shannon Liao / Washington Post:
A judge approves an $18M settlement between Activision Blizzard and the US Equal Employment Opportunity Commission, ending the federal sexual harassment lawsuit  —  A judge approved an $18 million settlement between Activision Blizzard and the U.S. Equal Employment Opportunity Commission Tuesday …
Malique Morris / The Information:
Sources: Stripe-backed one-click checkout service Fast generated just ~$600K in 2021 revenue; source says Fast tried raising a $100M Series C in late 2021  —  Several startups have been racing to sell software known as one-click checkout to retailers such as The Honest Company and Forever 21 …
Michail / GSMArena.com:
Counterpoint: Motorola was the third largest smartphone OEM in the US in 2021, with a 10% market share, up 131% YoY, filling the void left by LG's exit  —  LG officially shut down its mobile division last April which left a sizeable hole in the US smartphone market and based …
Jim Waterson / The Guardian:
Ofcom: around 16% of UK three and four-year-olds view TikTok content, rising to around 33% of children aged five to seven  —  Three-year-olds are on the video-sharing platform and it may be affecting their attention span  —  British toddlers are increasingly likely to be users of TikTok …
More: Sky News and BBC
Manish Singh / TechCrunch:
Mumbai-based Games24x7, which makes popular mobile games such as RummyCircle, raises $75M led by Malabar Investment at a $2.5B valuation  —  Games24x7, a Mumbai-headquartered startup that owns and operates multiple mobile games, has raised $75 million in a new financing round at a valuation of $2.5 billion, it said on Wednesday.
Mike Butcher / TechCrunch:
London-based Builder.ai, which offers low-code tools to build apps, raises a $100M Series C led by Insight Partners, bringing its total funding to $195M  —  When we started covering Builder.ai a few years ago, the startup was tapping into a new wave of businesses wanting their own native apps.

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From Mediagazer

Ashley Capoot / CNBC:
Disney and OpenAI sign a three-year deal to bring 200+ Disney characters to Sora; Disney will make a $1B investment in OpenAI and become a major OpenAI customer

Sara Guaglione / Digiday:
The Washington Post's new Your Personal Podcast, which offers AI-generated customizable podcasts, was developed under a multiyear agreement with ElevenLabs

Benjamin Mullin / New York Times:
Arkansas PBS severs ties with the PBS network, the first state public TV system to do so since Congress cut CPB funds, citing the annual $2M+ membership cost

More News

Earlier Picks

Cara Lombardo / Wall Street Journal:
Nielsen agrees to be acquired by a group of private equity firms, led by Brookfield and Elliott, in a deal valuing it at $16B, or $28 per share, including debt
Chris Welch / The Verge:
Verizon blames “bad actors” and engages US law enforcement after its customers and users of its MVNO Visible receive spam texts from their own phone numbers
Brian Krebs / Krebs on Security:
Hackers are compromising police and government email accounts to send Emergency Data Requests to ISPs, telecoms, social networks, and others, who quickly comply
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