Techmeme
March 30, 2022, 1:25 PM

Top News

Washington Post:
Meta paid Republican consulting firm Targeted Victory for a campaign to paint TikTok as a danger to 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 …
Bloomberg:
Sky Mavis COO Aleksander Larsen says the company is “fully committed to reimbursing” Axie Infinity players who lost funds and is “still working on a solution”  —  The company behind the popular Axie Infinity crypto game said it will reimburse online participants …
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, Binance, PYMNTS.com, Fortune, Metacurity, Livemint, Decrypt, Game Developer, Washington Post, Web3 is going just great, Ars Technica, Market Meditations, CryptoPotato, Hit Points, Security Affairs, CoinGape, Bloomberg, Coinspeaker, GamesTX, CoinQuora, ExchangeWire.com, Foot Guns, CoinGeek, Bitcoin Price Prediction, Infosecurity, TNW, Kaicho Alpha Insights, Kyrian Alex's Newsletter, Waivly, Cryptonews, TechCircle, TechRadar, The Overspill, Numlock News, Liberty's Highlights, Silicon Republic, Coinmonks, ZDNet, Elaborate VC, The Verge, and Barron's Online
Financial Times:
Sources: Arm plans to transfer shares from its China joint venture, which it failed to control and audit for two years, to SoftBank, to speed up a New York IPO  —  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.
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
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 …
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.
Andrew J. Hawkins / The Verge:
Waymo plans to offer fully autonomous rides in San Francisco, without a human safety driver, as part of a growing test, and expands in Arizona  —  The company is also expanding its service area in Phoenix  —  Waymo plans to start offering rides in its fully autonomous vehicles …
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 …
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
James Cridland / Podnews:
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 …

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Berber Jin / The Information: