Techmeme
June 8, 2022, 8:15 AM

Top News

Ian Allison / CoinDesk:
Source: Citadel Securities is building a “cryptocurrency trading ecosystem” in partnership with Virtu, Sequoia, Paradigm, and others  —  The effort also includes Citadel Securities' recent venture capital (VC) backers, Sequoia and Paradigm, with more trading firms to come, according to a source familiar with the plans.
Sergiu Gatlan / BleepingComputer:
In a joint cybersecurity advisory, the NSA, CISA, and the FBI reveal China-backed hackers exploited publicly known vulnerabilities to snoop on network traffic  —  Several US federal agencies today revealed that Chinese-backed threat actors have targeted and compromised major telecommunications companies …
Todd Bishop / GeekWire:
Internal email: Microsoft splits its HoloLens group and parts ways with the group's head Alex Kipman, who a recent Insider story cited for “toxic” behavior  —  Microsoft is splitting its HoloLens mixed reality group and parting ways with Alex Kipman, the leader of the group …
Amrita Khalid / Engadget:
IBM plans to wind down its business in Russia and lay off its workforce in the country, after suspending operations there in March 2022  —  IBM will begin an “orderly” wind-down of its operations in Russia, according to a memo from CEO Arvind Krishna that was released publicly today.
Cristina Criddle / Financial Times:
Sources: TikTok Shop in the UK is in turmoil after losing at least half its staff, or 20 people, since its launch in October, many citing a toxic workplace  —  Chinese-owned social media group launches investigation into ‘toxic’ working practices at London offices
Matt Burgess / Wired:
A look at Apple's plan to debut Passkeys, passwordless login for apps and websites, in iOS 16 and macOS Ventura using Touch ID or Face ID for authentication  —  Apple's iOS 16 and macOS Ventura will introduce passwordless login for apps and websites.  It's only the beginning.
Mary Ann Azevedo / TechCrunch:
PayPal begins letting users in the US move cryptocurrency from and to external wallets and exchanges, after they complete a new identity verification process  —  'We're in this for the long term,' says exec  —  In response to customer demand, PayPal announced today that its users …
Lauren Feiner / CNBC:
A coalition including Amazon, Google, and Uber urges the DHS to let kids of high-skilled visa holders stay in the US past the age of 21 without a green card  —  - Tech companies including Amazon, Google, Salesforce and Uber are urging the Department of Homeland Security to revise its aging …
Paul Gillin / SiliconANGLE:
Immuta, which offers cloud-native data governance tools, raises a $100M Series E led by NightDragon at a $1B valuation, bringing its total funding to $267M  —  Data security startup Immuta Inc. today said it has raised a $100 million late-stage funding round that pegs the company's valuation at $1 billion.
Mary Ann Azevedo / TechCrunch:
Ohio-based Branch, which offers APIs to bundle home and auto insurance, raises a $147M Series C led by Weatherford Capital at a $1.05B post-money valuation  —  Branch, a startup offering bundled home and auto insurance, has raised $147 million in Series C funding at a postmoney valuation of $1.05 billion.
More: Insider
Benjamin Mayo / 9to5Mac:
Chance Miller / 9to5Mac:

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Michael del Castillo / Forbes:

Earlier Picks

Sean Hollister / The Verge:
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Francesca Maglione / Bloomberg: