Techmeme
June 29, 2022, 1:00 AM

Top News

Michael Bellusci / CoinDesk:
CoinFLEX CEO Mark Lamb says crypto investor Roger Ver owes CoinFLEX $47M in USDC, after Ver denied “some rumors” he defaulted on a debt to a counterparty  —  The crypto exchange is launching a recovery token because of debt owed by a high-net-worth customer.
Bloomberg:
After freezing withdrawals, crypto exchange CoinFlex plans to issue up to 47M Recovery Value USD tokens, offering a 20% annual return, to repay a $47M debt  —  Cryptocurrency exchange CoinFlex plans to raise funds by issuing a new token that will offer a 20% annual return …
Sarah E. Needleman / Wall Street Journal:
Pinterest CEO Ben Silbermann is stepping down and transitioning to executive chairman, to be replaced by Google's president of commerce Bill Ready  —  The social-media company says Ben Silbermann will transition to executive chairman after leading the company since its founding in 2010
Hadlee Simons / Android Authority:
Arm announces new mobile Armv9 CPUs with improved performance and new GPUs including the flagship Immortalis-G715, its first with hardware-enabled ray-tracing  —  It's that time of the year when industry colossus Arm reveals its new line of CPUs and GPUs that will power the following year's smartphones.
Shannon Liao / Washington Post:
Sony launches InZone, a brand of gaming devices aimed at PC gamers but with tight PS5 integration, starting with 4K and 1080p 27" monitors and three headsets  —  The brand will leverage Sony's high quality display and audio technologies, said Sony home entertainment president Kazuo Kii
Abner Li / 9to5Google:
Google announces Google Public Sector, a new division aiming to bring Google Cloud tech to US educational institutions and federal, state, and local governments  —  Google today is home to two divisions that have their own CEOs: Cloud and YouTube.  “Google Public Sector” was announced today as a …
Jay Peters / The Verge:
Meta tests Discord-like changes in Facebook Groups, adding a channels list in a left-aligned sidebar that can include audio rooms, text chats, and feeds  —  New Groups changes seem inspired directly by Discord  —  Facebook Groups are about to get some big changes, and if you've used Discord …
Andrew Tarantola / Engadget:
NOAA triples its weather modeling capabilities with two supercomputers built by General Dynamics at a cost of $505M, each operating at a speed of 12.1 petaflops  —  Last year, hurricanes hammered the Southern and Eastern US coasts at the cost of more than 160 lives and $70 billion in damages.
Conor Hale / Fierce Biotech:
PicnicHealth, which lets patients manage their health records online and share their medical data with researchers, has raised a $60M Series C led by B Capital  —  Understanding a patient's lifetime journey through the healthcare system is far from a walk in the park, but PicnicHealth aims …
Allison Levitsky / Protocol:
Pave, whose software analyzes HR data to help companies close pay and equity gaps, raised a $100M Series C at a $1.6B valuation and acquired rival Option Impact  —  Option Impact, a benchmark compensation product from Advanced-HR, has a new owner.  —  Pave, a fast-growing Option Impact competitor …
Katie Jennings / Forbes:
Nomad Health, an online marketplace for temporary healthcare jobs, has raised $105M, bringing its total funding to $200M+, as it expands beyond travel nurses  —  When Alexi Nazem was a hospital doctor, he faced a mountain of paperwork and bureaucratic hurdles anytime he wanted to moonlight outside his hospital.
Natasha Lomas / TechCrunch:
London-based Birdie, which offers digital tools to in-home care providers to optimize their workflow, raised a $30M Series B, bringing its total funding to $52M  —  Birdie, a UK-based caretech software-as-a-service maker, has closed a $30 million Series B funding round led by investment firm Sofina …
More: Tech.eu
Reuters:
A deep dive into Truth Social's struggles to build a competitive social media platform, largely because the company alienated tech talent and corporate partners  —  The firebrand former President Trump's social media firm has struggled to build a competitive platform.
Mark Gurman / Bloomberg:
Sources: Samsung Display acquires Germany-based OLED startup Cynora, which specialized in displays for foldable devices, for about $300M for its IP and tech  —  Samsung Display Co. has purchased display company Cynora GmbH for about $300 million, according to people with knowledge of the matter …
More: SamMobile

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Earlier Picks

James Vincent / The Verge:
Documented:
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Stephanie Condon / ZDNet:
Jacquelyn Melinek / TechCrunch: