Techmeme
August 16, 2019, 11:15 AM

Top News

Jeff John Roberts / Fortune:
Coinbase has acquired the custody business of Xapo, a service best known for storing bitcoins in a vault under a Swiss mountain; source says for $55M  —  Cryptocurrency firm Coinbase has acquired the custody business of Xapo, a service best known for storing Bitcoins in a vault under a Swiss mountain.
Juli Clover / MacRumors:
Apple sues mobile device virtualization company Corellium, accusing it of copyright infringement for illegally replicating iOS, along with iPhone and iPad apps  —  Apple today filed a lawsuit against Corellium, a mobile device virtualization company that supports iOS.
Will Oremus / OneZero:
Biswarup Gooptu / The Economic Times:
India-based Twitter-like platform ShareChat, which supports multiple regional languages, raises $100M round led by Twitter, sources say at $600M-$650M valuation  —  Regional language social networking platform ShareChat has completed a $100 million (about Rs 718 crore) equity financing round led …
Hilary Milnes / Digiday:
Sources and a leaked pitch deck indicate that Amazon may have offered vendors the ability to bid for an Amazon Choice badge in 2017  —  Amazon has previously offered vendors the ability to “bid” for an Amazon's Choice badge by lowering prices and spending more money on advertising …
Lawrence Abrams / BleepingComputer:
Bluetooth SIG issues a security notice for the “KNOB” flaw, which allows hackers to steal data by brute forcing the encryption key used during bluetooth pairing  —  A new Bluetooth vulnerability named “KNOB” has been disclosed that allow attackers to more easily brute force …
Charlie Savage / New York Times:
In a letter to Congress, the Trump administration asks lawmakers to reauthorize a law that lets the NSA gain access to logs of phone and text records  —  The White House is seeking reauthorization of a law that lets the N.S.A. gain access to logs of Americans' phone and text records …
Paul Roberts / The Security Ledger:
Huge survey of 6K+ firmware images of devices by 18 vendors including Linksys and Netgear finds no improvement in software security and lax security standards  —  A survey of more than 6,000 firmware images spanning more than a decade finds no improvement in firmware security and lax security standards …
James Sanders / TechRepublic:
After the latest firmware update, some Surface Pro 6 and Surface Book 2 devices are throttling CPU speeds to 400 MHz; Microsoft says it is working on a fix  —  User reports indicate that an erroneously set CPU flag is sending Intel Core processors back into the Pentium II age.
The Information:
Sources: JD.com is talking with investment banks about a $500M US IPO in May for its online supermarket unit Dada-JD Daojia; Walmart owns 10% of Dada-JD Daojia  —  Chinese online retailer JD.com is in talks with bankers to list shares of its online supermarket joint venture in the U.S. next May …
More: Seeking AlphaTweets: @amir
Elizabeth Lopatto / The Verge:
A close reading of the S-1 of the soap opera that is The We Company, a “tech company” whose mission “is to elevate the world's consciousness”  —  On August 14th, The We Company (the company formerly known as WeWork) filed its mandatory S-1 paperwork to go public, and it's worth reading in full.
Aric Toler / bellingcat:
A deep dive into Amazon FC Ambassadors program finds 53 Ambassador accounts in seven countries, some of which are using fake identities and recycling accounts  —  On August 14, a Twitter thread that included a small army of “Amazon FC Ambassadors” went viral, bringing to light Amazon's year-long social media brand ambassador program.
Ian King / Bloomberg:
Nvidia beats Q2 expectations with revenues of $2.58B, down 17% YoY, gaming chip sales of $1.3B, up 24% from Q1, and data center revenues of $655M, up 3% QoQ  —  - Chipmaker says all markets grew sequentially in quarter  — Stock rallies on optimism for end to inventory slump
Akanksha Rana / Reuters:
Report: Alibaba to buy NetEase's Kaola, one of the biggest Chinese shopping sites for imported goods, for $2B in cash  —  (Reuters) - Alibaba Group Holding Ltd has agreed to pay $2 billion in cash to buy Chinese e-commerce firm Kaola, local news outlet Caixin reported on Friday.  (bit.ly/2HcCI6C)

Sponsor Posts

Smartsheet:
Strategies for shutting down SaaS sprawl  —  Managing a chaos of apps steals focus away from IT leaders who are increasingly helping to drive business.  Read the report.
TWiT.tv:
Protect Yourself from SIM Jacking  —  SIMjacker allows attackers to hijack any phone just by sending it an SMS message.  Steve Gibson explains how it works on the Security Now podcast.
Zoho:
Six ways to use shapes to create a compelling presentation in Zoho Show  —  Ideas come in all shapes and sizes—be it an extra fold to help your paper plane fly a few inches further, or an equation that changes …
AWS Startups:
How Daivergent Is Helping Autistic People with Careers in Tech  —  Founded in 2017 by Byron Dai and Rahul Mahida, Daivergent's platform connects AI companies with high-volume data needs to a remote workforce comprised of people with autism.
Google Fi:
Google Fi - a phone plan, by Google  —  We felt that most phone plans just weren't made with you in mind.  So that's why we built Google Fi with features that real people actually want.  Click to learn more.
TechCrunch Disrupt SF:
Will Smith and Ang Lee are coming to Disrupt SF this October 2-4  —  We'll talk to Lee and Smith about what it was like working with these effects, and how else they could change the way movies get made.
Intel:
Here's how Intel is powering breakthrough research in astronomy, medicine, AI and beyond  —  Fastest supercomputer in academia - Frontera, is based on 2nd generation Intel® Xeon® Scalable processors.

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More News

Karl Bode / VICE:
Jonathan Shieber / TechCrunch:
Cristina Tardáguila / Poynter:
Shirin Ghaffary / Vox:

Earlier Picks

Ronald Eikenberg / heise online:
The Information:
Sean O'Kane / The Verge:
The Keyword:
April Glaser / Slate:
Colin Lecher / The Verge: