Techmeme
May 13, 2021, 9:50 AM

Top News

Sean O'Kane / The Verge:
Elon Musk says Tesla no longer accepts bitcoin for vehicle purchases due to its environmental cost, is looking at more environmentally friendly cryptocurrencies  —  Tesla has stopped accepting bitcoin as payment for its cars out of concern that it will contribute to greater consumption of fossil fuels …
Arjun Kharpal / CNBC:
Cryptocurrency markets lost around $365B in value after Musk tweeted Tesla will suspend car purchases with bitcoin; bitcoin, ether, and XRP all fell sharply  —  - Tesla CEO Elon Musk tweeted that the electric vehicle maker would suspend car purchases using bitcoin, citing environmental concerns.
Ina Fried / Axios:
Apple says it parted ways with recent hire Antonio García Martínez, an ex-Facebook staffer and author, after employee petition citing “misogynistic statements”  —  Apple has severed ties with recent hire Antonio Garcia-Martinez, a former Facebook employee and author …
Kevin Collier / NBC News:
Colonial Pipeline says it has restarted operations, after being shut down for five days due to DarkSide's ransomware attack  —  Colonial Pipeline, operator of the largest U.S. fuel pipeline, said Wednesday it is restarting operations after being shut down for five days due to a cyberattack.
Ellen Nakashima / Washington Post:
Biden signs EO to strengthen US cyber defenses, including the development of cybersecurity standards for software companies that sell to the government  —  President Biden signed an executive order Wednesday aimed at shoring up the federal government's digital defenses as his administration grapples …
Mary Jo Foley / ZDNet:
Microsoft is shutting down its Azure Blockchain Service on September 10, six years after initial launch, and is not supporting any new deployments as of May 10  —  Six years after its initial launch, Microsoft's Azure Blockhain as a Service is going to be shut down this September.
Ryan Browne / CNBC:
Facebook's Diem says it has withdrawn its application for a Swiss payment license and will shift its operations to the US via a California state-chartered bank  —  - Diem, the digital currency project backed by Facebook, has abandoned plans to secure a payment license from Switzerland's FINMA watchdog.
Benjamin Wallace / New York Magazine:
Behind the online battle between notable tech figures including a16z partners and Balaji Srinivasan, and the journalists who report, and tweet, on the industry  —  Late last fall, the New York Times was preparing a bombshell article about Coinbase, a financial exchange that had become …
Benjamin Mayo / 9to5Mac:
Researcher details an exploit for Apple's Find My network that allows packets of arbitrary data to be transmitted by simulating a Find My broadcast  —  The Find My network is used by Apple to report locations of items and devices via the data connection of any nearby iPhone, Mac, or other Apple device.
Neal St. Anthony / Star Tribune:
NetSPI, which provides penetration testing and vulnerability management services to enterprises, raises $90M; NetSPI expects sales of about $50M in 2021  —  It's the second large round of outside investment raised by NetSPI, a provider of cyber security services and tests for businesses and institutions.
Bloomberg:
South Korea plans to spend around $450B to build the world's biggest chipmaking base over the next decade; Samsung to boost spending by 30% to $151B by 2030  —  - Samsung and SK Hynix leading investment to rev up capacity  — Severe chip shortages prompt global race to shore up supply
Kyle Wiggers / VentureBeat:
Cyral, which offers enterprise data governance across platforms including Amazon S3, Snowflake, and MongoDB, raises $26M, bringing its total raised to $41.1M  —  Join Transform 2021 this July 12-16.  Register fo r the AI event of the year.  —  Data security and governance startup Cyral today announced …
Shiri Habib-Valdhorn / Globes Online:
SimilarWeb closes down 0.6% in its NYSE debut after raising $165M in its IPO at a valuation of ~$1.6B; its revenue in 2020 was $93.5M with a net loss of $22M  —  The Israel company, which has developed a platform for understanding online behavior by monitoring traffic on the web and mobile apps, has raised $165 million.
Adi Robertson / The Verge:
Epic v. Apple is shining a light on Apple's anti-steering rules, which prevent developers from pointing users to better deals on their website or elsewhere  —  Would ending anti-steering rules fix the App Store?  —  Last week, the judge in Epic v. Apple asked whether Epic really had an antitrust case …

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Earlier Picks

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Bloomberg:
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