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July 5, 2022, 8:05 AM
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| Juro Osawa / The Information: |
Sources: Sequoia Capital China is about to raise $9B for four new funds, above its $8B+ target, the largest amount raised by a single China-focused VC firm — Sequoia Capital's Chinese affiliate is about to close $9 billion in fresh capital for four new funds, higher than its original target …
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Bloomberg, TechCrunch, Financial Times, Cointelegraph, DealStreetAsia, and Tech in Asia
| 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 …
Source:
Vauld Blog. More:
CoinLoan Blog, The Block, Wall Street Journal, Bloomberg, Blockworks, CoinDesk, The Block, Crypto Briefing, Neowin, Coinspeaker, The Block, Micky, CoinGape, PYMNTS.com, CoinQuora, The Daily Moon, CNBC, Crypto Adventure, Newslit Daily, Finextra, CryptoSlate, Entrackr, TechCircle, and CoinGape
| Cristina Criddle / Financial Times: |
Sources: TikTok abandons plans to expand its TikTok Shop live e-commerce tools to Europe and the US, following internal problems and a lack of traction — Chinese-owned social media platform's foray into livestream shopping in the UK has struggled to gain traction
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9to5Mac, PYMNTS.com, and Tech in Asia
Tweets: @jerrycap, @cristinacriddle, @stokel, and @mattnavarra
| Munsif Vengattil / Reuters: |
Source: Twitter is seeking to overturn some Indian government content takedown orders through a judicial review, alleging abuse of power by officials — Twitter is seeking to overturn some Indian government orders to take down content, a source familiar with the matter said … | Sergiu Gatlan / BleepingComputer: |
Google releases a Chrome update for Windows to address a high-severity zero-day vulnerability exploited in the wild, its fourth Chrome zero-day patch in 2022 — Google has released Chrome 103.0.5060.114 for Windows users to address a high-severity zero-day vulnerability exploited by attackers in the wild … | Financial Times: |
China is rapidly censoring news of the alleged Shanghai police data breach that exposed over 1B records; “data leak” and other terms are banned on Weibo — Purported leak of personal information of more than 1bn people offered for sale for $200,000| Sarah Zheng / Bloomberg: |
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Wall Street Journal, BleepingComputer, Android Authority, ZDNet, Reuters, Silicon Republic, Crypto Adventure, Security Affairs, Infosecurity, Engadget, Slashdot, TechCircle, The Register, Coinspeaker, Pixel Envy, Asia Links, iTnews, TechRadar, crypto.news, HackRead, Ethereum World News, CryptoSlate, PCMag, The Block, Barron's Online, CoinGape, Another Day in Crypto, and Security in WEB3 Newsletter
Tweets: @cz_binance, @zeyiyang, @_karenhao, @cz_binance, @johnkoetsier, @troyhunt, @troyhunt, @davidpaulk, @ruima, @ctolarsson, @williamyang120, @jsimanavicius, @cz_binance, @_danielsinclair, @kendraschaefer, @isaacstonefish, @pcaversaccio, @anitaposch, @_karenhao, @_karenhao, @_karenhao, @pingroma, @sam_l_shead, @zeyiyang, and @wublockchain
| Alexander Cornwell / Reuters: |
Dubai-based digital bank YAP has raised $41M as part of a Series A, and says it plans to expand into Saudi Arabia, Egypt, Pakistan, and Ghana — YAP, a digital bank in the United Arab Emirates, said on Monday it had raised $41 million in funding and targeted raising another roughly $20 million to finance its expansion plans.
| Coco Feng / South China Morning Post: |
Tencent, Baidu, JD, and other Chinese tech giants agree to a “self-discipline initiative” for NFTs, including ID checks and avoiding secondary marketplaces — In a new ‘self-discipline initiative’, China's biggest tech firms agreed to enforce real-name authentication for NFT buyers …
More:
Decrypt, Cointelegraph, Bitcoinist.com, Benzinga, and Cryptonews
| Ingrid Lunden / TechCrunch: |
UK-based Oxford Quantum Circuits, which offers quantum-computing-as-a-service using its eight-qubit system, has raised a £38M Series A — Quantum computing has been making quantum leaps of progress in the last several years — going from theoretical concept to multiple testing environments … | Foo Yun Chee / Reuters: |
EU lawmakers pass the Digital Services Act and Digital Markets Act, seeking to regulate US tech giants, but enforcement could be hamstrung by limited resources — EU lawmakers gave the thumbs up on Tuesday to landmark rules to rein in the power of tech giants such as Alphabet (GOOGL.O) …
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TechCrunch, LinkedIn, European Parliament, Broadband TV News, and ebu.ch
Tweets: @bertuzluca, @thierrybreton, @vonderleyen, @autumncapital, @vestager, and @bertuzluca
| Jillian Deutsch / Bloomberg: |
A look at the EU Listing Act, expected in H2 2022, which aims to ease IPO rules for deep tech startups, help founders keep control after going public, and more — The European Union wants to increase the number of deep tech startups in Europe by attracting 45 billion euros ($47 billion) … | Sidhartha Shukla / Bloomberg: |
CoinGecko: daily trading volumes at Indian crypto exchanges ZebPay, WazirX, CoinDCX have dropped 60%-87% after the 1% transaction tax became effective on July 1 — Warnings from Indian crypto exchanges that a controversial new transaction tax would erode trading are coming true, with volumes evaporating since the levy took effect.Sponsor Posts
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