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Techmeme
June 21, 2021, 4:00 PM
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Top News

Global Times:
China's Sichuan Province closes crypto mines, following Xinjiang, Inner Mongolia, and Yunnan; an estimated 90% of China's mining capacity has now been shut down  —  Many Bitcoin mines in Southwest China's Sichuan Province - one of China's largest cryptocurrency mining bases - were closed as of Sunday …
Coco Feng / South China Morning Post:
As China expands its crackdown on cryptocurrency mining farms, analysis shows the price of GPUs has fallen on many e-commerce platforms in the country  —  Graphics cards from companies including Nvidia and Asus saw prices fall by as much as two-thirds on e-commerce platforms amid China's …
Sarah Perez / TechCrunch:
Facebook rolls out Live Audio Rooms, available to verified public figures and select Groups, and its podcast service, available to select partners, in the US  —  In April, Facebook announced a series of planned investments in new audio products, including a Clubhouse live audio competitor as well as new support for podcasts.
Daisuke Wakabayashi / New York Times:
Current and former Google execs say the company suffers from both its size and Sundar Pichai's leadership, marked by delayed decisions and raging culture fights  —  Despite record profits, a number of them are worried that the company is suffering from both its size and leadership from its C.E.O., Sundar Pichai.
Richard Pallot / ITV:
Investigation finds Amazon has been destroying thousands of unsold goods at its UK-based Dunfermline warehouse; source says 130K items are destroyed per week  —  Exclusive: Watch footage showing the ‘destruction zone’ in Amazon's Dunfermline warehouse where millions of unsold items are destroyed every year
Sam Shead / CNBC:
Google says it has decided not to reopen Campus, its London-based startup space, after the pandemic forced it to close  —  - The Silicon Valley tech giant announced on Monday that it has decided “not to reopen” Campus in East London after it was forced to close by the coronavirus pandemic.
Sarah Frier / Bloomberg:
Real estate mogul Frank McCourt says he plans to invest $100M to build a blockchain-based database of social connections, sidestepping the dominant social apps  —  Frank McCourt wants to build a blockchain-based alternative to Facebook  —  Frank McCourt, the billionaire real estate mogul …
BBC:
How North Korean hackers nearly stole $951M from Bangladesh Bank's New York Fed account in 2016, only to be stopped at the last moment after transferring $81M  —  In 2016 North Korean hackers planned a $1bn raid on Bangladesh's national bank and came within an inch of success …
Sami Fathi / MacRumors:
Germany's Federal Cartel Office announces an antitrust investigation into Apple's App Store, pre-installed apps, and more  —  Germany's Federal Cartel Office, the Bundeskartellamt, today initiated proceedings against Apple on the claims of anti-competitive behavior related to the App Store …
Romain Dillet / TechCrunch:
Revolut says it had $361M in 2020 revenue, up 57% YoY, non-adjusted operating loss reached $277M due to staff costs, and retail customers rose 45% to 14.5M  —  Fintech startup Revolut has filed some financial results and is sharing details with the press.  In 2020, the company reported $361 million …
Martin Arnold / Financial Times:
European Central Bank board member says a digital euro will protect consumer privacy and protect the eurozone from the “threat” of competing cryptocurrencies  —  Fabio Panetta admits some oversight by regulators is necessary to avoid misuse  —  The introduction of a digital euro …

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This is a Techmeme archive page. It shows how the site appeared at 4:00 PM ET, June 21, 2021.

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

Robert Channick / Chicago Tribune:
The Chicago Tribune sues Perplexity for copyright infringement, alleging Perplexity's platforms lift Tribune content verbatim and divert traffic from the paper

David Pierce / The Verge:
Yahoo launches Game Breakdowns in beta, offering AI-generated game summaries, stats, and play recaps, all updated live, to Yahoo Fantasy Plus subscribers

The Guardian:
Ireland, Spain, Slovenia, and the Netherlands exit Eurovision after Israel received an all-clear to compete; the BBC and Germany's SWR plan to participate

More News

Ax Sharma / BleepingComputer:
Researcher finds iPhone bug that disables wireless functionality after joining a WiFi network called “%p%s%s%s%s%n”; resetting network settings fixes the issue

Earlier Picks

Matt Dougherty / KHOU-TV:
Some power companies in Texas are remotely adjusting the smart thermostats of users enrolled in their energy saving programs to reduce strain on power grids
Rita Liao / TechCrunch:
Amber Group, a Hong Kong-based crypto finance startup that provides trading and asset management services, raises $100M Series B at $1B pre-money valuation
Wall Street Journal:
Analysts say the dominance of TSMC, which makes ~92% of the world's most sophisticated chips and 60% of chips used in cars, poses risks to the global economy
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