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Techmeme
July 4, 2022, 11:05 PM
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Top News

Manish Singh / TechCrunch:
Crypto lender and exchange Vauld pauses withdrawals, trading, and deposits and says it's exploring a restructuring, after users withdrew $197.7M+ since June 12  —  Vauld, a Singapore-headquartered crypto lending and exchange startup, has suspended withdrawals, trading and deposits …
Sarah Zheng / Bloomberg:
An unidentified hacker on a forum is selling 23TB+ of allegedly stolen data on up to 1B Chinese residents for 10 BTC, after breaching a Shanghai police database  —  Unknown hackers claimed to have stolen data on as many as a billion Chinese residents after breaching a Shanghai police database …
Mark Gurman / Bloomberg:
As Apple ramped up Mac chip investments, improvements to its other chips slowed down; sources say Apple Watch Series 8 might be able to detect a fever in users  —  When it comes to Apple's chip advancements, the company's iPhone and watch are taking a back seat to the Mac.
Jane Clinton / The Guardian:
The British Army is investigating “a breach” of its Twitter and YouTube accounts, which on July 3 shared crypto scams and misinformation before being restored  —  Investigation under way after interview with Elon Musk uploaded to video channel and picture of cartoon monkey seen on Twitter
Dan Milmo / The Guardian:
Chainalysis: NFT sales totaled just over $1B in June 2022, a 12-month low since June 2021 when sales were $648M; sales peaked at $12.6B in January 2022  —  Sales of non-fungible tokens totalled just over $1bn in June, compared with peak of $12.6bn in January
Meir Orbach / CTech:
Source: Celsius laid off 150 employees, around a quarter of its staff, after pausing withdrawals; Celsius is exploring “a restructuring of our liabilities”  —  The American-Israeli company is parting ways with around 150 employees as it continues to look for a way out of a crisis …
Keith Cornett / CorvetteBlogger.com:
Chevrolet's first NFT auction, of an original artwork with a unique green 2023 Corvette Z06, had zero bids, as ETH's price fluctuated between $1,160 and $1,225  —  Sometimes what might have been a great idea when it was proposed months ago can turn out to be a dud.
Sarah Butler / The Guardian:
Amazon launches a “micromobility” hub in Hackney, London with a fleet of partner-operated e-cargo bikes and on-foot staff to replace thousands of van deliveries  —  Online retailer opening ‘micromobility’ hub in Hackney as part of efforts to cut carbon emissions
Jill Goldsmith / Deadline:
The annual Sun Valley conference begins on July 5; invitees include Elon Musk, Mark Zuckerberg, Tim Cook, Andy Jassy, Sundar Pichai, and Reed Hastings  —  The mountains are as gorgeous as ever, the deal climate not so much as boutique investment bank Allen & Co. prepares to host its annual Sun Valley retreat.
Asa Fitch / Wall Street Journal:
After a pandemic frenzy to buy laptops and other gadgets, Intel, Nvidia, Micron, and others suggest crypto mining, PC gaming, and smartphone demand is weakening  —  Intel and Nvidia are among the semiconductor makers warning of rockier times ahead after two years of surging demand
Financial Times:
Legal experts say a Japanese antitrust court ruling could force tech companies such as Google, Meta, and Amazon to reveal the inner workings of their algorithms  —  Legal experts suggest case related to recommendations site Kakaku.com could have broader implications

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From Mediagazer

Brian Steinberg / Variety:
Major brands were replaced by direct-response advertisers during commercial breaks of CBS News' December 13 town hall with Erika Kirk, moderated by Bari Weiss

Pamela McClintock / The Hollywood Reporter:
Disney's Zootopia 2 surpasses $1B at the global box office, the fastest PG-rated film to do so after just 17 days in release

Benjamin Mullin / New York Times:
Arkansas PBS severs ties with the PBS network, the first state public TV system to do so since Congress cut CPB funds, citing the annual $2M+ membership cost

More News

Richard Lai / Engadget:
Xiaomi's new 12S Ultra smartphone features a 6.73-inch OLED screen and three rear cameras, including a 50MP main camera with a 1-inch sensor, starting at ~$900
Pew Research Center:
Survey: experts are split on a fully immersive metaverse existing by 2040, worry about today's dominant platforms building it, and expect more useful AR and MR
Chris Gilliard / Wired:
Machine learning-powered surveillance systems will never eliminate the risk of US school shootings, no matter how expansive and intricate the systems become

Earlier Picks

Nelson Rauda Zablah / New York Times:
How El Salvador President Nayib Bukele weaponized bitcoin to whitewash his government's growing authoritarianism on the world stage and spread local propaganda
Ionut Ilascu / BleepingComputer:
HackerOne says an employee stole vulnerability reports submitted through its bug bounty platform and disclosed them to seven companies for financial rewards
Yiwen Lu / Washington Post:
RadioShack, purchased by private equity firm REV in 2020, reintroduces itself as a crypto exchange trying to attract users with a stream of often profane tweets
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