Techmeme
November 20, 2018, 3:20 PM

Top News

Kate Rooney / CNBC:
Bitcoin hit its lowest level in more than a year on Monday, falling under $5,000, with the entire cryptocurrency market cap losing roughly $40B in the past week  —  - The world's largest cryptocurrency is now down 22 percent in the past week, falling as much as 12 percent Monday to its lowest level in more than a year.
Bloomberg:
Sources: US DOJ probe into cryptocurrency manipulation has homed in on Bitcoin, Tether, and Bitfinex, and whether traders artificially inflated Bitcoin's price  —  - DOJ investigating whether Tether was used to prop up Bitcoin  — U.S. case part of broader review of possible coin manipulation
Timothy W. Martin / Wall Street Journal:
Sources: Samsung plans to release a variant of the Galaxy S10 next spring that will have six cameras, 5G, and a 6.7" screen  —  The tech giant's response to sales slump is flagship phones packed with bigger screens and extra cameras  —  SEOUL— Samsung Electronics Co. is planning …
Jon Porter / The Verge:
In an updated statement, Tumblr says an audit found child porn images were slipping through detection tools, leading to removal from App Store  —  Blames an ‘industry database’ that failed to filter prohibited content  —  Tumblr says that child pornography was the reason for its app's sudden disappearance from the iOS App Store.
Alex Heath / Cheddar:
Sources: Snap is planning to release new Spectacles with two cameras and an aluminum frame for $350 by the year's end  —  Snap Inc. is planning to release a new version of its Spectacles glasses with two cameras and a higher price point of $350 by the end of the year, Cheddar has learned.
Sean Hollister / The Verge:
Valve is discontinuing its Steam Link hardware, which let users stream games from PCs to other devices like a TV  —  We hardly knew ye  —  Why am I sad that a tiny black puck which streamed games over a Wi-Fi network will soon disappear from shelves around the world?
Kyle Wiggers / VentureBeat:
Microsoft now supports standards-based FIDO2 security key devices, letting Windows 10 users access their Microsoft Account without entering username or password  —  Passwords aren't as effective a means as preventing account break-ins as they might seem.  Three out of four people use duplicate passwords …
Reuters:
SoftBank invests $2B in South Korean e-commerce company Coupang, source says at a ~$9B valuation  —  SoftBank Group Corp's Vision Fund is investing $2 billion in South Korea's top e-commerce firm Coupang, the retailer said on Tuesday, as the loss-making startup girds for battle against rivals backed by the country's cash-rich chaebol.
Kevin Kelleher / Fortune:
The stocks of Amazon, Apple, Facebook, Google, and Netflix have all declined 20% or more in recent months, pushing them into bear market territory  —  Tech investors resumed their selloff of the large-cap FAANG stocks, with the five tech giants all sustaining declines of 20% or more, enough to push them into bear-market territory.
Josh Constine / TechCrunch:
LinkedIn launches Student Voices, its take on Snapchat Stories, for US colleges, and says it plans Stories-like features aimed at other sets of users too  —  No app is safe from the Stories plague  —  The social media singularity continues with the arrival of Snapchat Stories-style slideshows …
Catherine Shu / TechCrunch:
Agora, which helps developers integrate voice and video into their apps via APIs, raises $70M Series C led by Coatue Management  —  Agora, a developer of cloud communication APIs, will create products for new markets and verticals after raising a $70 million Series C led by Coatue Management.
Margaret Sullivan / Washington Post:
Zuckerberg should give up his dual role as Facebook CEO and chairman, stepping down as chairman and appointing an independent director to oversee the board  —  Facebook founder Mark Zuckerberg once set out a bit of digital-world wisdom that became his company's informal motto: “Move fast and break things.”
Deepa Seetharaman / Wall Street Journal:

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