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June 29, 2022, 6:10 PM
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Mark Kleinman / Sky News:
Source: a British Virgin Islands court ordered the liquidation of Singapore-based Three Arrows Capital on June 27; Teneo will handle the insolvency process  —  A court in the British Virgin Islands has ordered the liquidation of Singapore-based Three Arrows Capital, underlining the crisis gripping …
Steven Ehrlich / Forbes:
After providing $750M in credit lines, Sam Bankman-Fried says some crypto companies are “basically too far gone”, “bearish views on Tether are wrong”, and more  —  After throwing lifelines to troubled digital currency platforms BlockFi and Voyager Digital …
Alex Heath / The Verge:
Snap launches Snapchat+, offering exclusive, experimental, and pre-release Snapchat features for $3.99 per month, starting in nine countries  —  No, it doesn't let you turn off ads  —  Starting this week, Snap will begin offering an optional subscription called Snapchat Plus that unlocks exclusive and early access features.
Josh Smith / Reuters:
Experts say the crypto crash has wiped out millions of dollars stolen by North Korean hackers, threatening a key source of funding and its weapons programs  —  The nosedive in cryptocurrency markets has wiped out millions of dollars in funds stolen by North Korean hackers, four digital investigators say …
Evelyn Cheng / CNBC:
The FCC's Brendan Carr writes to Apple and Google asking they remove TikTok from app stores over China-related security concerns or provide statements by July 8  —  - Brendan Carr, one of the FCC's commissioners, shared Tuesday via Twitter a letter to Apple CEO Tim Cook and Alphabet CEO Sundar Pichai …
Lawrence Abrams / BleepingComputer:
Firefox now offers a feature to strip some web tracking parameters from URLs, including HubSpot, Marketo, and Meta, following similar functionality in Brave  —  Mozilla Firefox 102 was released today with a new privacy feature that strips parameters from URLs that are used to track you around the web.
Bloomberg:
Sources: Tesla laid off ~200 Autopilot workers, most of them hourly and focused on data labeling, and closes its San Mateo office, as part of broader reductions  —  Tesla Inc. laid off hundreds of workers on its Autopilot team as the electric-vehicle maker shuttered a California facility, according to people familiar with the matter.
Dan Goodin / Ars Technica:
Researchers detail sophisticated malware targeting various routers and taking over Windows, macOS, and Linux devices, in North America and Europe for ~2 years  —  Router-stalking ZuoRAT is likely the work of a sophisticated nation-state, researchers say.  —  An unusually advanced hacking group …
Raymond Wong / Input:
Carl Pei says Nothing phone (1) will use the mid-range Snapdragon 778G+, not the high-end 8 Gen 1, citing a balance of cost, performance, and power consumption  —  By the time Nothing's July 12 launch event for the Phone (1) comes around, there won't be much (if anything) left to announce for the transparent Android smartphone.
David Yaffe-Bellany / New York Times:
Forbes estimates the 16 richest crypto billionaires lost $59B+ between March and June, led by Binance's Changpeng Zhao, as retail investors suffer heavy losses  —  No cryptocurrency investor has been spared the pain of plunging prices.  But the fallout from more than $700 billion in losses is far from even.
Stephen Alpher / CoinDesk:
MicroStrategy purchased 480 bitcoins at a $20,817 average price from May 3 to June 28, bringing its holdings to 129,699, acquired for ~$3.98B or $30,664 each  —  The company disclosed the acquisition of another 480 bitcoins, bringing total holdings to 129,699 coins.
Wall Street Journal:
Internal documents from 2021 show Celsius issued large loans backed by little collateral while pitching itself as less risky than a bank with better returns  —  The lender had little cushion in the event of a downturn or mass withdrawals, investor documents show
Jack Schickler / CoinDesk:
EU lawmakers agree on anti-money laundering rules for crypto, requiring a verified customer identity for transfers between regulated digital wallet providers  —  A Wednesday meeting secured a final deal on anti-money laundering legislation for crypto transfers and largely overturned a proposal …
Michael Bellusci / CoinDesk:
CoinFlex CEO Mark Lamb says crypto investor Roger Ver owes the exchange $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.
Jason Schreier / Bloomberg:
Niantic, the company behind Pokémon Go, lays off 8% of its staff, around 85 to 90 people, and cancels four projects; Niantic was valued at $9B in November 2021  —  Gaming company Niantic Inc., which has struggled to find another big hit following its 2016 game Pokémon Go …

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 6:10 PM ET, June 29, 2022.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

From Mediagazer

Minho Kim / New York Times:
Sarah B. Rogers, Trump's nominee to lead USAGM, says she would reinstate some agency employees; if confirmed, she would still serve in the State Department

Wall Street Journal:
UMG shares fall 25%, the record company's worst day since its 2021 IPO, following disappointing Q2 results; UMG is down 40%+ over the past 12 months

Gene Maddaus / Variety:
Swiss film producer Simon Afram sues Netflix for $105M, saying Netflix lost an unencrypted copy of a film starring Nicolas Cage that he spent $45M to produce

More News

Iain Martin / Forbes:
A look at NGL, an app that lets Instagram users send anonymous DMs, and its content moderation challenges; Data.ai: NGL has 1.75M downloads since November 2021
Ingrid Lunden / TechCrunch:
London-based Entrepreneur First, which invests in nascent startups, connects co-founders, and offers support, has raised a $158M Series C at a ~$560M valuation

Earlier Picks

Conor Hale / Fierce Biotech:
PicnicHealth, which lets patients manage their health records online and aims to share anonymized data with researchers, raised a $60M Series C led by B Capital
Allison Levitsky / Protocol:
Pave, which analyzes HR data to help companies close pay and equity gaps, raised a $100M Series C at a $1.6B valuation and acquires rival Option Impact
Jay Peters / The Verge:
Meta tests Discord-like changes to Facebook Groups, adding a channels list in a left-aligned sidebar that can include audio rooms, text chats, and feed channels
Mediagazer memeorandum WeSmirch
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