| Kate Rooney / CNBC: |
Sources: FTX is close to finalizing a term sheet to buy BlockFi for ~$25M and a deal could be signed by July 1; PitchBook: BlockFi was valued at $4.8B in 2021 — - Crypto exchange FTX is close to finalizing a term sheet to buy BlockFi and a deal is expected to be signed by the end of this week … | Yogita Khatri / The Block: |
Source: FTX walked away from a deal with Celsius after finding the crypto lender had a $2B hole in its balance sheet and was difficult to deal with — - FTX was interested in making a deal with Celsius but walked away because of the state of its finances, two sources told The Block.| Mitchell Clark / The Verge: |
Raspberry Pi announces the Pico W, a $6 microcontroller equipped with an 802.11n Wi-Fi radio, powered by an Infineon CYW43439 chip with Bluetooth disabled — It's the Pico, but it knows about the network — Raspberry Pi has introduced a successor to last year's Pico … | Katie Paul / Reuters: |
Internal memo: Meta Chief Product Officer Chris Cox expects “slower growth” in H2 2022 and “teams should not expect vast influxes of new engineers and budgets” — (Reuters) - Facebook-owner Meta Platforms Inc is bracing for a leaner second half of the year … | Sergiu Gatlan / BleepingComputer: |
Kaspersky researchers discovered malware used in the wild since March 2021 to backdoor Microsoft Exchange servers of government and military orgs worldwide — Attackers used a newly discovered malware to backdoor Microsoft Exchange servers belonging to government and military organizations from Europe … | Jonathan Stempel / Reuters: |
Gene Levoff, a former lawyer at Apple, pleads guilty to insider trading; he allegedly traded ahead of quarterly earnings from 2011 to 2016 and was fired in 2018 — The former top corporate lawyer at Apple Inc (AAPL.O) pleaded guilty on Thursday to insider trading charges … | Jon Porter / The Verge: |
Google updates its built-in password manager for Chrome and Android with the option to manually add passwords across all platforms, a unified design, and more — A ‘simplified and unified management experience’ is also on the way — Google is updating its built-in password manager … | Bloomberg: |
Filing: ex-Apple retail chief Ron Johnson's at-home tech setup company Enjoy files for bankruptcy, less than a year after its SPAC merger, and sells to Asurion — Enjoy Technology Inc., a retail startup founded by former Apple Inc. executive Ron Johnson, filed for bankruptcy on Thursday … | Michael Sheetz / CNBC: |
The FCC authorizes SpaceX to provide Starlink satellite internet to vehicles in motion, including commercial airlines, shipping vessels, and trucks — - The Federal Communications Commission authorized SpaceX to provide Starlink satellite internet to vehicles in motion, a key step for Elon Musk's company to further expand the service.| Danny Nelson / CoinDesk: |
CFTC charges South Africa-based bitcoin pool operator Mirror Trading International with a $1.7B fraud, in its “largest ever fraud scheme case involving bitcoin” — MTI's self-described CEO was recently detained in Brazil on an Interpol warrant, the regulator said.| Stephen Nellis / Reuters: |
Apple's CarPlay update, demoed at WWDC 2022, will let users tap an app to navigate to a pump and buy gas from its dashboard as early as this fall — Apple Inc (AAPL.O) wants you to start buying gas directly from your car dashboard as early as this fall, when the newest version … | Kyle Wiggers / TechCrunch: |
April, which personalizes and autofills tax filings by using AI to analyze tax code, raised a $30M Series A led by Treasury, bringing its total funding to $40M — Most Americans dread doing their taxes. Surveys show as much. But as many as 40% rely on money from tax refunds to satisfy some financial obligation.| Maria Heeter / The Information: |
Source: eToro and the SPAC company that agreed to take it public are planning to let the June 30 deadline for their merger pass without closing the deal — Online brokerage EToro and the special purpose acquisition company that agreed to take it public are planning to let the deadline … | Yueqi Yang / Bloomberg: |
CoinFlex postpones resuming withdrawals; CEO says they will return “as soon as possible, upon a successful raise” but won't share how much its token has raised — Cryptocurrency exchange CoinFlex won't resume withdrawals Thursday as it had planned as it continues to raise funds … | TechCrunch: |
Meta rolls out NFT support on Facebook, letting select US creators display NFTs under a new tab on their profiles, after adding support to Instagram in May 2022 — After debuting NFT support on Instagram in May, Meta has launched digital collectibles support on Facebook with select creators.| Brody Ford / Bloomberg: |
Zoom is returning to its business software roots to revive growth, after two years of trying to monetize consumers, many of whom stick with free 40-minute calls — Zoom Video Communications Inc. is navigating life after the pandemic by acting like the past two years never happened.| Tim Bradshaw / Financial Times: |
As avatars for metaverse applications grow in popularity, a look at Understanding Comics, a 30-year-old illustrated lecture considered an avatar design bible — First published 30 years ago, Scott McCloud's Understanding Comics is the definitive comic book about comic books.| Manya Saini / Reuters: |
| Aisha Malik / TechCrunch: |
Meta says Instagram is testing a change that turns video posts into Reels with select users, as part of efforts to “simplify and improve the video experience” — Instagram is testing a change that turns video posts into Reels, the company confirmed to TechCrunch.| Joanna Ossinger / Bloomberg: |
Bitcoin is on track for its worst quarter since Q3 2011, plunging 58%, after sliding 6%+ to fall below $19,000 on Thursday, the second time in a fortnight — Bitcoin is on track for its worst quarter in more than a decade, as more hawkish central banks and a string of high-profile crypto blowups hammer sentiment.| Katie Adams / MedCity News: |
New York-based Tomorrow Health, whose data-driven marketplace matches patients with home-based care suppliers, has raised a $60M Series B led by BOND — Tomorrow Health — a platform that makes it easier for patients, providers and payers to coordinate home-based care …
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