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June 24, 2022, 1:10 PM
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memeorandum
WeSmirchTop News
| Brian Newar / Cointelegraph: |
Harmony stops its Horizon bridge between Ethereum, Binance Chain, and Bitcoin after a theft of ~$100M in altcoins; Harmony says its BTC bridge was not impacted — The layer-1 blockchain's main bridge between Ethereum, Binance Chain, and Bitcoin has been exploited for nine figures, but says its BTC bridge has not been affected.| Wall Street Journal: |
Sources: FTX is in talks to acquire a stake in BlockFi but no equity agreement has been reached; FTX gave the crypto lender a $250M credit line this week — FTX gave crypto lender a $250 million credit line this week — Crypto billionaire Sam Bankman-Fried has become a lender of last resort to his beleaguered industry.
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Decrypt, The Block, CoinDesk, Fortune, GRIT CRYPTO, and CryptoSlate
Tweets: @mayazi, @mslopatto, and @silvermanjacob
| Lauren Feiner / CNBC: |
Zendesk agrees to be acquired by an investor group in an all-cash deal valuing the company at ~$10.2B and will go private once the deal closes; stock is up 25%+ — - Customer experience software company Zendesk agreed to be acquired by an investor group in an all-cash transaction valuing it around $10.2 billion.
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TechCrunch, Silicon Republic, Business Wire, Crunchbase News, TechCrunch, Axios, and seeking disruption
Tweets: @julianklymochko and @chrija
| Aaron Tilley / Wall Street Journal: |
Walmart says its own hybrid cloud system now has 10K “edge nodes” across the US, helping to reduce costs by 10%-18% annually and lessen reliance on cloud giants — Retailer says new hybrid system allows the company to switch between cloud providers and its servers, saving time and money| Jonathan Greig / The Record: |
The CISA and the US Coast Guard Cyber Command warn companies of Log4Shell exploits in the wild, citing one incident of threat actors exfiltrating 130GB+ of data — The Cybersecurity and Infrastructure Security Agency (CISA) and the United States Coast Guard Cyber Command (CGCYBER) …
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CISA, Cybersecurity Dive, SecurityWeek, ZDNet, Security Affairs, Petri IT Knowledgebase, The Hacker News, Help Net Security, and BleepingComputer
Tweets: @uscert_gov and @therecord_media
| Oliver Knight / CoinDesk: |
Axie Infinity developer Sky Mavis plans to restart its bridge and reimburse ~$216.5M in USDC and ether on June 28 to the victims of the $625M Ronin bridge hack — A total of $216.5 million in USDC and ethereum at today's prices will be returned to users. — Sky Mavis, the developer behind …
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Bloomberg, Finbold, Gizmodo, Decrypt, CoinQuora, CryptoSlate, Tech in Asia, and Cryptonews
| Aoyon Ashraf / CoinDesk: |
Coinbase Derivatives Exchange plans to launch its first crypto derivatives product, Nano Bitcoin futures (BIT), at 1/100th of the size of a Bitcoin, on June 27 — Coinbase Derivatives Exchange hopes to capitalize on a market that is $3 trillion in volume worldwide and provide hedging options for traders.
More:
The Coinbase Blog, The Block, Bloomberg, crypto.news, Bitcoin News, CryptoPotato, Crypto Briefing, Blockworks, Cryptonews, and Decrypt. Tweets: @coindesk
| Cameron Thompson / CoinDesk: |
Binance launches Binance Institutional to let VIP and institutional investors trade digital assets; the service is not available to Binance.US customers — The exchange's release of Binance Institutional aligns with CEO Changpeng Zhao's commitment to expand and hire during the bear market.
More:
Decrypt, crypto.news, and Binance
| Natasha Lomas / TechCrunch: |
Italy's data watchdog finds a local web publisher's use of Google Analytics violated EU data protection rules due to privacy risks over data transfers to the US — Another strike against use of Google Analytics in Europe: The Italian data protection authority has found a local web publisher's use …
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gpdp.it, PYMNTS.com, Slashdot, Silicon Republic, Bestgamingpro, Bloomberg Law, International Association …, and Euractiv
Tweets: @benedictevans, @carnage4life, @privacydigest, @jeffjarvis, @hrbrmstr, @gavinsblog, @seyitaylor, @punk6529, and @slim404
| Davey Alba / Bloomberg: |
Source: in February, Meta started an official internal process to shut down CrowdTangle, but paused the plan as the EU's Digital Services Act gained traction — On May 17, as several states held their primary elections, Jesse Littlewood searched the internet using a tool called CrowdTangle … | Manish Singh / TechCrunch: |
Zomato acquires instant delivery service Blinkit, formerly Grofers, for $568.1M; Blinkit raised about $700M in total and was valued at $1B+ in 2021 — Zomato has acquired Blinkit, a struggling 10-minute grocery delivery startup, in a $568.1 million deal as the loss-making food delivery firm looks …
More:
Entrackr, The Economic Times, DealStreetAsia, and Nikkei Asia
| Leo Schwartz / Rest of World: |
Facebook has emerged in Mexico City as a low-cost alternative to food delivery services like Uber Eats and Rappi, as restaurateurs seek to avoid high fees — The platform has emerged as a hack around Uber Eats and Rappi's high fees. — • XOCHIMILCO, MEXICO
Tweets: @khushbuoshea, @anirvan, @leomschwartz, @lenton_chris, @cowvala, @kayla_s_stewart, @asayf, @mrstephendeng, and @brendawambui
| Maddie Ellis / Wall Street Journal: |
Instagram begins testing tools to verify ages, starting with 17 and under, using either Yoti's facial video analysis, photo IDs, or adults vouching for users — Meta's new policy will make it tougher for teens to update to adult accounts. But they can still lie about their age in the first placeSponsor Posts
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