Techmeme
August 11, 2021, 8:10 AM

Top News

Tim Copeland / The Block:
Group behind Poly Network, a cross-chain protocol used for DeFi applications, says a hacker has stolen $611M; one researcher blames the attack on a crypto flaw  —  Quick Take  — Cross-chain protocol Poly Network has been hacked for $611 million.  — The team behind the protocol …
Wolfie Zhao / The Block:
The attacker who stole $611M from Poly Network, used in DeFi apps, has returned over $2M in USDC and BTCB after posting that they were “ready to surrender”  —  Quick Take  — Poly Network attacker has started returning the funds that were stolen in the largest DeFi hack to date.
Steve Dent / Engadget:
Instagram introduces anti-hate speech tools to let users limit comments and requests on popular posts, following abuse towards England soccer players  —  Instagram has introduced new features called Limits and Hidden Words designed to reduce hate and abuse on trending posts, the company  —  announced.
New York Times:
A look at the multi-year effort by English soccer organizations to push Facebook to crack down on hate speech against players, intensifying during Euro 2020  —  For more than two years, soccer officials pushed the social network to limit the invective.  As a new season begins, the hate continues.
Elizabeth Culliford / Reuters:
Facebook says it has removed a network of accounts from Russia linked to a UK marketing firm that pushed anti-vaccine content using Planet of the Apes memes  —  Facebook (FB.O) said on Tuesday it had removed a network of accounts from Russia that it linked to a marketing firm which aimed …
Reed Albergotti / Washington Post:
Court docs: Apple settles its 2019 lawsuit against Corellium over Corellium's “virtualized” iPhone business; Corellium says it still sells virtual iOS devices  —  Apple accused Corellium of violating its copyrights with virtual iPhones used for security research
Frank Konkel / Nextgov:
Source: the NSA awarded a secret cloud computing contract worth up to $10B to AWS; Microsoft has filed a bid protest with the GAO in response  —  Much of the NSA's most prized intelligence data may be moving to the cloud.  —  The National Security Agency has awarded a secret cloud computing contract worth …
MacKenzie Sigalos / CNBC:
Coinbase reports $2.23B in Q2 revenue, vs $1.78B est., and net profit of $1.6B, up nearly 4,900% YoY, following volatile stretch of cryptocurrency trading  —  - In Q2, Coinbase brought in $2.23 billion of revenue vs. $1.78 billion expected by Refinitiv.  — It also reported a profit per share of $6.42.
Lawrence Abrams / BleepingComputer:
Microsoft fixes 44 vulnerabilities, including seven flaws that are classified as critical and three zero-day flaws, with one actively exploited in the wild  —  Today is Microsoft's August 2021 Patch Tuesday, and with it comes fixes for three zero-day vulnerabilities and a total of 44 flaws …
Catalin Cimpanu / The Record:
Packy McCormick / Not Boring:
NFTs blur the line between social and financial capital and dismissing them is akin to missing the importance of status while analyzing social networks  —  Analyzing NFTs as Social Networks Using the Status-as-a-Service Framework  —  The DEAD followed me across Twitter all weekend.
More: DecryptTweets: @zoescaman, @jihoz_axie, @pt, @pt, @pt, and @jessewldn
Filipe Espósito / 9to5Mac:
Internal iOS 15 code and animations show Apple will let users link AirPods to the Find My network; the headphones will use Bluetooth to show a location  —  Apple has announced multiple new features for AirPods users with iOS 15, which includes Conversation Boost for AirPods Pro and true Find My support for the first time.
Kyle Wiggers / VentureBeat:
OpenAI debuts a private beta for Codex, an API for turning natural language into code of one of over a dozen coding languages; Codex powers GitHub's Copilot  —  Watch now.  —  OpenAI today released OpenAI Codex, its AI system that translates natural language into code, through an API in private beta.
TJ Denzer / Shacknews:
Unity reports Q2 revenue of $273.6M, up 48% YoY, and says it will acquire remote desktop and streaming company Parsec for ~$320M  —  Unity boasted a massive increase in revenue year-over-year and has raised its guidance as a result.  —  As fiscal quarters close and companies report earnings results …
Todd Spangler / Variety:
YouTube launches protections for kids: default private uploads, turning off autoplay, and adding “take a break” and “bedtime” reminders by default  —  Google, responding to critics urging the internet giant to improve child safety in its services …
Manish Singh / TechCrunch:
Zomato reports revenue of $113.4M, up ~3x YoY, and a net loss of $48M for the quarter that ended in June, in its first quarterly earnings report since its IPO  —  Zomato's losses more than tripled in its first quarterly earnings report since its listing last month as the company's expenses grew …
Nikhilesh De / CoinDesk:
Senate sends $1T infrastructure bill to the House after a 69-30 vote; the bill contains a controversial cryptocurrency tax provision critics see as too broad  —  The bill contains a broad definition of “broker” for crypto tax reporting requirements that lawmakers and industry advocates sought to change over the past week.
Sam Byford / The Verge:
Xiaomi announces the Mix 4 smartphone with a bezel-less design and an under-display selfie camera, launching in China for ~$770  —  The first new Mi Mix in years  —  Xiaomi has announced the Mix 4, the first phone in the Mi Mix series to be announced in nearly three years.
Tiernan Ray / ZDNet:
NortonLifeLock says that it will merge with Avast in a cash and stock deal worth between $8.1B and $8.6B  —  The two companies said they will create a “new, industry-leading consumer Cyber Safety business.”  —  Antivirus vendor NortonLifeLock this afternoon said it will merge …
Nikhilesh De / CoinDesk:
BitMEX announces a $100M settlement with the CFTC and FinCEN over shortcomings in its anti-money laundering and know-your-customer oversight systems  —  Crypto derivatives trading platform BitMEX announced Tuesday it had reached a settlement on civil charges with U.S. authorities.

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