Techmeme: Google Workspace head Javier Soltero, who managed Google's productivity and collaboration tools including Gmail and Meet, is leaving the company on July 15 (Aisha Counts/Protocol)

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June 30, 2022, 7:40 AM

Top News

CoinDesk:

Sources: digital asset trading firm Genesis is potentially facing “hundreds of millions” of dollars in losses, partly through exposure to 3AC and Babel Finance — The DCG-owned trading colossus is said to have suffered nine-figure losses partly through exposure to Three Arrows Capital and Babel Finance.

Rita Liao / TechCrunch:

OpenSea tells customers that an employee at email vendor Customer.io downloaded and sent email details to an external party, impacting almost all users — Opensea, the popular NFT marketplace that hit a colossal $13 billion valuation in January, is warning users of email phishing after a data breach.

Source: OpenSea Blog. More: Decrypt, The Block, Cointelegraph, and Cryptonews

Tweets: @opensea, @cz_binance, @eclecticmethod, @alexhern, @screentimes, @officer_cia, @opensea, @opensea, @opensea, @opensea, @punk6529, @troyhunt, and @ryancarson

Bloomberg:

MarkSight: as crypto tumbles, the average price of Nvidia's GeForce 3080 on eBay dropped from $1,140 on April 30 to $710 on June 27 — The turmoil in the cryptocurrency industry has ravaged portfolios and left large and small investors struggling to adapt.

Joanna Ossinger / Bloomberg:

Bitcoin is on track for its worst quarter since Q3 2011, dropping 56%, after falling as much as 4.4% to just above $19K on Thursday

More: CryptoPotato

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

Source: @saylor. More: Washington …, TheStreet, Ethereum World News, Bloomberg, ZyCrypto, Decrypt, Bitcoin Magazine, CryptoSlate, Cointelegraph, Crypto Briefing, The Block, and CoinQuora

Tweets: @ercwl, @grady_booch, @cz_binance, @cryptontez, @cz_binance, @juthica, @udiwertheimer, @hasufl, @fomocapdao, @bigcheds, @ftx_access, @digitalassetbuy, @bitcoinbirch, @stephanlivera, and @followtheh

Nikhilesh De / CoinDesk:

Grayscale Investments sues the US SEC after the agency rejected its application on Wednesday to convert its flagship Grayscale Bitcoin Trust product to an ETF — The SEC rejected Grayscale's application to convert its Grayscale Bitcoin Trust to an exchange-traded fund earlier Wednesday.

More: GlobeNewswire News Room, CoinDesk, The Block, Bloomberg, Reuters, Blockworks, The Block, CryptoPotato, Benzinga, Decrypt, Forkast, and Web3 is going just great

Tweets: @sonnenshein, @smdiehl, @bitboy_crypto, @adam3us, @bowtiedbull, @cryptadamist, @nategeraci, and @jenn_rosenthal

Joyce Lee / Reuters:

Samsung begins mass production of 3nm chips touting a 45% reduction in power usage, a 16% smaller surface area, and 23% better performance compared to 5nm chips — Samsung Electronics Co Ltd (005930.KS) said on Thursday it has begun mass producing chips with advanced 3-nanometre technology …

More: Samsung Newsroom, Nikkei Asia, The Verge, TechCrunch, Bloomberg, Agence France-Presse, ZDNet, CNET, SamMobile, The Korea Herald, and Fossbytes

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 …

Source: Lumen. More: BleepingComputer, Security Affairs, SiliconANGLE, iTnews, Dark Reading, TechSpot, Telecompetitor, The Hacker News, and ZDNet

Tweets: @radioms, @adam_k_levin, @dangoodin001, @campuscodi, and @virusbtn

Ari Notis / Kotaku:

Unity lays off over 200 people, or 4% of its workforce, two weeks after the CEO said at an all-hands meeting that there would not be any layoffs — Management at the company behind the free game development engine has been a ‘shit show’ recently, sources say

More: Protocol, Game Developer, Engadget, VentureBeat, Wccftech, TheGamer, PC Games Insider, and Slashdot

Tweets: @nickstatt, @marctech1996, @nickstatt, @tprstly, @protopop, @liasae, and @dj_link

Bloomberg:

EU lawmakers provisionally agree on anti-laundering rules for crypto, requiring verified customer identities for transfers between regulated digital wallets — The European Parliament and Council reached a provisional agreement to force crypto providers to provide identifying information …

More: Silicon Republic, Reuters, CoinDesk, CryptoSlate, Blockworks, Decrypt, and The Block

Tweets: @ernesturtasun, @okovarikmep, @gladstein, @mhiesboeck, @ernesturtasun, @samrusani, @theguyswann, @mhiesboeck, and @paultang

Sam Biddle / The Intercept:

Documents: Coinbase is selling its intelligence-gathering tool Coinbase Tracer to ICE, letting the agency track crypto transactions, including bitcoin and ether — Coinbase, the largest cryptocurrency exchange in the United States, is selling Immigrations and Customs Enforcement a suite …

More: CoinDesk and Web3 is going just great

Tweets: @aaschapiro, @byronkaye, @tante, @bigendiansmalls, @seldo, @malteengeler, @blockenthusiast, @derekmross, @jathansadowski, and @nicoleperlroth

Filipe Espósito / 9to5Mac:

Apple says South Korean app developers can now use external payment methods from KCP, Inicis, Toss, and NICE by submitting a new version, reducing fees by 4% — Earlier this year, Apple announced that it would comply with a new law in South Korea that required the company to allow third-party payment providers in App Store apps.

Source: Apple Developer. More: The Verge, AppleInsider, TechCrunch, MacRumors, MacStories, and iMore

Tweets: @johnvoorhees, @bzamayo, and @vladsavov

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 …

Karen Weise / New York Times:

Amazon documents show it will restrict items and search results related to LGBTQ people and issues in the UAE, after the Emirati government threatened penalties — Sales of items including flags and books were blocked in the country, where homosexuality is criminalized. — Give this article- - - Read in app

More: The Guardian, The Verge, Engadget, Insider, and BBC

Tweets: @jldastin, @rgay, and @kyweise

Financial Times:

An investigation details an operation by Chinese hacking group APT40 to lure graduates into spying and translating stolen documents using a front company — FT investigation reveals student translators were targeted by front company for Beijing-backed hacking group APT40

More: Bob's Newsletter. Tweets: @maxseddon, @razhael, @lukolejnik, @greenmiranda, @mattgarrahan, and @jchengwsj

Zeke Faux / Bloomberg:

An in-depth look at the 2016 Bitfinex hack and US government's case against Ilya Lichtenstein and Heather Morgan, aka Razzlekhan, over alleged money laundering — The hackers had been inside the Bitfinex servers for weeks before attempting the heist. They'd watched users on the cryptocurrency exchange buy and sell Bitcoins.

Tweets: @zekefaux, @latseema, @crypto, @oliviasolon, and @oliviasolon

Aisha Counts / Protocol:

Google Workspace head Javier Soltero, who managed Google's productivity and collaboration tools including Gmail and Meet, is leaving the company on July 15 — Javier Soltero is leaving Google Workspace, Google Cloud President Thomas Kurian announced Wednesday in an email to staff viewed by Protocol.

More: DCD and 9to5Google

Tweets: @jsoltero, @jsoltero, @protocol, @killedbygoogle, and @jsoltero

Wall Street Journal:

Researchers say some businesses are exaggerating AI's capabilities, brewing misunderstanding and distorting policymakers' views of AI's power and fallibility — Google, Meta and OpenAI are investing heavily in the technology, which is increasingly capturing the public imagination

Tweets: @dlauer, @dlauer, @dlauer, @dlauer, @dlauer, @mmitchell_ai, @dlauer, @timnitgebru, @dmonett, and @timnitgebru

Lawrence Abrams / BleepingComputer:

Firefox now offers a feature to strip some web trackers of Meta, HubSpot, and Marketo from URLs, 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.

More: Mozilla, Development & Analytics, PCWorld, Gizmodo, Softpedia News, TechRadar, Digital Trends, 9to5Mac, Neowin, Engadget, SecurityWeek, and Slashdot

Tweets: @pbannist, @gaberivera, @spoulton, @rakeshlobster, and @firefoxsupport

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From Mediagazer

Daniel Thomas / Financial Times:

As the BBC fights Trump's $10B lawsuit and ITV plans to combine its broadcasting business with Sky in 2026, a look at the slow death of the UK's TV channels

The Guardian:

The UK has spent more than £500K since 2024, including £350K by the Department for Education, on 215 influencers to promote government campaigns

Alex Ritman / Variety:

In Channel 4's 2025 Alternative Christmas Message, Jimmy Kimmel said “tyranny is booming” in the US and, on his ABC suspension, “We won, the president lost”

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More News

Cheng Leng / Financial Times:

Chinese AI startup SenseTime's shares dropped over 50% to HK$2.90 ($0.37), their lowest-ever level and well below IPO price, after a lock-up period expired

More: Bloomberg

Andrew Deck / Rest of World:

Report: Iranian #MeToo activists on Instagram are being targeted by 1M+ bots in a coordinated harassment campaign using social media marketing firms in Pakistan

Source: Qurium Media Foundation. More: Front Line Defenders

Tweets: @decka227, @qur1um, @frontlinehrd, and @decka227

Kendra Albert:

Experts say using period tracker apps does not necessarily put women at additional risk of prosecutions in the wake of SCOTUS overturning Roe v. Wade

More: New York Times, ZDNet, Pluralistic, NBC News, VICE, and Bloomberg

Tweets: @emilygorcenski, @eff, and @torproject

Catherine Shu / TechCrunch:

India-based GetVantage, which uses AI to offer $10K to $500K in revenue-based capital to startups, has raised $36M, bringing its total funding to $40M

More: PYMNTS.com, Inc42 Media, Business Today, Entrackr, Tech in Asia, and YourStory.com

Jeanne Whalen / Washington Post:

A Taiwanese minister and TSMC board member urges US Congress to pass the Chips Act, saying the pace of building TSMC's Arizona chip factory depends on subsidies

More: Axios and Fortune

Tweets: @dnystedt, @russellsieg, and @pstasiatech

Christine Hall / TechCrunch:

London-based Shop Circle, which offers merchants a marketplace for e-commerce software, emerges from stealth with $65M led by NFX and QED Investors

More: PR Newswire, NFX, FinSMEs, and Never Fully Read. Tweets: @nfx

Financial Times:

Officials in Zhengzhou, China, used a location-based health code system to prevent protests by forcing 1,000+ depositors of failing rural banks to quarantine

Tweets: @chinabeigebook, @ftchina, @mmaunder, @wessiedutoit, @dr_ulrichsen, @1br0wn, @financialtimes, @empo11on, and @alexisak

Sam Kim / Bloomberg:

South Korea's chip stockpile has jumped 53.4% YoY in May, the most in more than four years, suggesting a slowdown in demand for memory chips

Earlier Picks

Meir Orbach / CTech:

Tel Aviv-based Cyolo, maker of zero trust security tech enabling secure connection to workplaces, has raised a $60M Series B, bringing its total raised to $85M

More: GlobeNewswire News Room, VentureBeat, and Cyolo

Moneycontrol:

Sources: Byju's has laid off 1,500+ staff from Toppr and WhiteHat Jr, two companies it acquired in the past two years, and ~1,000 from its core operations teams

More: The Economic Times, The Signal, Inc42 Media, Barron's Online, and The Economic Times

Tweets: @moneycontrolcom, @chandrarsrikant, @keithdsouza, @chandrarsrikant, @keithdsouza, and @saritharai

Margi Murphy / Bloomberg:

Elliptic: North Korea-backed hacking group Lazarus might be behind Harmony's $100M altcoin theft; the hack bore similarities to the $600M Ronin bridge attack

Source: Elliptic Connect. More: The Economic Times, Cybernews.com, The Korea Herald, Decrypt, and CoinDesk. Tweets: @alexhern

Adlan Jackson / New York Times:

A look at YouTube “media critics”, who use humor to dissect the output of more popular YouTubers, discuss the absurdities of influencers, and more

Tweets: @jeffjarvis and @munecatmusic