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July 5, 2022, 7:10 PM
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Foo Yun Chee / Reuters:
EU lawmakers pass the Digital Services Act and the Digital Markets Act, seeking to regulate US tech giants, but limited resources could hamstring enforcement  —  EU lawmakers gave the thumbs up on Tuesday to landmark rules to rein in the power of tech giants such as Alphabet (GOOGL.O) …
Derek B. Johnson / SC Media:
NIST selects four encryption algorithms designed to withstand future quantum computing hacking threats to be part of its post-quantum cryptographic standard  —  For years, the National Institute for Standards and Technology have been working on a project to identify and vet a handful …
Ryan Browne / CNBC:
Nexo, a crypto lender managing assets for ~4M users, says it signed a term sheet to explore buying Vauld, which halted withdrawals and manages assets for ~100K  —  - Nexo has signed a term sheet with Vauld giving it 60 days of exclusive talks to explore an all-equity acquisition of the company.
David Pan / Bloomberg:
Core Scientific, a top bitcoin miner with nearly 10% of the network's hash rate, sold 7,202 mined BTC for $167M in June and now holds 1,959 BTC  —  Core Scientific Inc., a top crypto miner, sold the bulk of its Bitcoin holdings in June as a steep drop in digital assets squeezes finances for even the leaders of the industry.
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 …
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 tech-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 …
Cristina Criddle / Financial Times:
Sources: TikTok abandons plans to expand its TikTok Shop live e-commerce program to Europe and the US, after internal problems and a lack of traction in the UK  —  Chinese-owned social media platform's foray into livestream shopping in the UK has struggled to gain traction
Emily Baker-White / Forbes:
The Senate Intelligence Committee asks the FTC to investigate whether TikTok misled lawmakers about China-based ByteDance employees accessing American user data  —  China-based employees at TikTok's parent company, ByteDance, repeatedly accessed sensitive U.S. user data …
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
Lucas Shaw / Bloomberg:
Netflix, Amazon, Warner Bros., and others cut costs, staff, movies, and TV shows; the industry released 559 scripted shows in 2021, up by 200+ compared to 2013  —  The sudden decline in Netflix's share price and the growing fear of a recession have forced Hollywood into a new period of fiscal austerity.
Taylor Nicole Rogers / Financial Times:
Survey: 25% of Black American investors owned crypto at the start of 2022, compared to 15% of white investors, leaving them vulnerable during the downturn  —  Higher exposure to digital assets leaves owners vulnerable to downturn  —  The widespread losses caused by the cryptocurrency crash are even broader among black investors.
Bloomberg:
Sources: the US is lobbying the Netherlands to ban ASML from selling some of its some of its older deep ultraviolet lithography systems to China  —  The US is pushing the Netherlands to ban ASML Holding NV from selling to China mainstream technology essential in making a large chunk of the world's chips …

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 7:10 PM ET, July 5, 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

Perry Stein / Washington Post:
A judge blocks US government officials from examining devices seized from reporter Hannah Natanson's home until the judge can review and rule on access issues

The Hollywood Reporter:
The FCC says TV talk shows should now comply with equal time political broadcasting rules; the board's lone Democrat calls the change a censorship escalation

Washington Post:
An Israeli strike killed three journalists in Gaza, one of whom freelanced for AFP and CBS; Israel says it targeted operators of a drone affiliated with Hamas

More News

Paul MacInnes / The Guardian:
FIFA plans to introduce semi-automated offside technology at the 2022 World Cup with a custom soccer ball and 12 cameras to track 29 points on players' bodies

Earlier Picks

Sidhartha Shukla / Bloomberg:
CoinGecko: the daily trading volumes at Indian crypto exchanges ZebPay, WazirX, and CoinDCX fell 60%-87% after the 1% transaction tax took effect on July 1
Richard Lai / Engadget:
Xiaomi debuts the 12S Ultra smartphone with a 6.73" AMOLED screen and three rear cameras, including a 50.3MP main camera with a 1-inch sensor, starting at ~$900
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
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