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June 30, 2022, 10:10 AM
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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.
Yogita Khatri / The Block:
Source: FTX walked away from a deal with Celsius after finding the crypto lender has a $2B hole in its balance sheet  —  - FTX was interested in making a deal with Celsius but walked away because of the state of its finances, two sources told The Block.  — Celsius had a $2 billion hole in its balance sheet, one source said.
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.
Joyce Lee / Reuters:
Samsung becomes the first to mass produce 3nm chips, beating TSMC, touting 45% lower power usage compared to 5nm chips, a 16% smaller surface area, and more  —  Samsung Electronics Co Ltd (005930.KS) said on Thursday it has begun mass producing chips with advanced 3-nanometre technology …
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
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
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.
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.
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
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 …
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 …
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 …
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
Wired:
Section 230 is the last line of defense for online abortion speech, without which platforms could face legal liability for distributing abortion information  —  Dobbs should be a wake-up call for anyone seeking to undercut the immunity protections afforded by Section 230 of the Communications Decency Act.
Reuters:
An investigation details an Indian hacking-for-hire scheme to obtain documents in legal cases, starting in 2013 and targeting 75+ US and European organizations  —  A trove of thousands of email records uncovered by Reuters reveals Indian cyber mercenaries hacking parties involved in lawsuits around …
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 …
Raffaele Huang / Wall Street Journal:
Sources: Tencent, ByteDance, and others plan layoffs impacting thousands, after Chinese internet companies cut tens of thousands during regulatory crackdowns  —  Latest round of job cuts at Chinese tech giants comes even as Beijing signals easing of its regulatory campaign against the sector
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
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  —  Suspected North Korean hackers known as the Lazarus Group are believed to be behind the recent $100 million heist on California blockchain Harmony …

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This is a Techmeme archive page. It shows how the site appeared at 10:10 AM ET, June 30, 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

Todd Spangler / Variety:
Comcast plans to spin off its media and entertainment assets, including NBCUniversal and Sky, into a new publicly traded entity, set to close by mid-2027

Dan Mangan / CNBC:
SCOTUS rejects President Trump's bid to appeal a New York federal court jury's $5M verdict that found he sexually abused and defamed E. Jean Carroll

Murray Stassen / Music Business Worldwide:
Tidal adopts an AI policy that blocks wholly AI-generated music from earning royalties and removes AI-generated music that impersonates artists

More News

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
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

Earlier Picks

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
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
Moneycontrol:
Sources: Byju's laid off 1,500+ staff from Toppr and WhiteHat Jr, companies it acquired over the past two years, and nearly 1,000 from its core operations teams
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
Allyson Versprille / Bloomberg:
Sources: the Treasury Department and the IRS are likely to postpone a January 2023 starting date for crypto companies to track clients' capital gains and losses
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