Techmeme
July 1, 2019, 1:40 AM

Top News

Golnaz Esfandiari / Radio Free Europe/Radio Liberty:
Iran says power consumption jumped 7% in June, largely due to Bitcoin mining, making the country's power grid unstable, seizes 1,000 Bitcoin mining machines  —  Iran has blamed an “unusual” spike in electricity consumption in the country on cryptocurrency miners, while warning that such illicit operations will be cut off from the grid.
Leigh Cuen / CoinDesk:
TaTaTu, after raising $575M from royals and celebs in a private 2018 ICO for a blockchain-based Netflix-like service, now says it is not a blockchain business  —  What started as a $575 million token sale is now a rewards program for watching videos.  —  TaTaTu's initial coin offering …
Alyssa Bereznak / The Ringer:
How TikTok users are supplanting the traditional functions of record labels, like talent scouting and publicity, for new artists  —  Lil Nas X's ‘Old Town Road’ is both a chart-topping phenomenon and a turning point for the music business.  Here's what happens when a social media platform becomes a label.
Facebook:
Facebook says it will treat 2020 US Census like an election and will have “people, policies and technology in place to protect against census interference”  —  Civil rights are the foundation of a free and just society — and something we care deeply about as a company.

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Kyle Wiggers / VentureBeat:
Andrew Liptak / The Verge:
Wall Street Journal: