Techmeme
August 23, 2021, 11:40 AM

Top News

Ryan Browne / CNBC:
After criticism, Centre, the consortium founded by Circle and Coinbase, says its stablecoin USDC will now back reserves with only cash and US treasuries  —  - Digital currency company Circle says it's changing the makeup of its dollar-pegged stablecoin USD Coin to just cash and U.S. Treasury bonds.
Sami Fathi / MacRumors:
Mark Gurman: high-end M1X Mac mini with an updated design and more ports than the current M1 Mac mini should replace the Intel model in the next several months  —  Apple can be expected to launch an updated high-end Mac mini with a new design and a faster “M1X” Apple silicon processor in the …
Lily Hay Newman / Wired:
Researchers find 1K+ web apps, from Ford, American Airlines, and others, mistakenly exposed 38M records stored on Microsoft's Power Apps service  —  Misconfigured Power Apps from Microsoft led to more than a thousand web apps accessible to anyone who found them.
Ryan Browne / CNBC:
PayPal will launch its cryptocurrency service in the UK this week, the product's first international expansion since it debuted in the US in 2020  —  - PayPal will let British customers buy, hold and sell digital currencies, starting this week.  — It marks the first international expansion …
Gillian Tan / Bloomberg:
Nigerian mobile payments service OPay raises $400M led by Vision Fund 2 at a $2B valuation, marking SoftBank's first investment in Africa  —  - Sequoia Capital China and Redpoint China also participated  — Investment marks Vision Fund 2's first bet in Africa
Lawrence Abrams / BleepingComputer:
A bug in Razer's Synapse software, which Windows fetches and installs when a Razer accessory is plugged in, lets anyone with a Razer mouse gain admin privileges  —  A Razer Synapse zero-day vulnerability has been disclosed on Twitter, allowing you to gain Windows admin privileges simply by plugging in a Razer mouse or keyboard.
Yogita Khatri / The Block:
Visa says it acquired CryptoPunk 7610, one of the 3,840 female punk NFTs, for around $150K last week, adding it to its art collection  —  Quick Take  — Visa has bought CryptoPunk 7610 as it enters into the world of NFT commerce.  — “NFTs are an intersection of culture and commerce …
Alex Wilhelm / TechCrunch:
Shelf.io, which helps companies organize info to quickly find answers and respond to customers, raises $52.5M Series B led by Tiger Global and Insight Partners  —  Covering public companies can be a bit of a drag.  They grow some modest amount each year, and their constituent analysts pester …
Cecilia D'Anastasio / Wired:
Report says Roblox exploits young game developers, many of them children, including by making it difficult to withdraw money earned through microtransactions  —  A new report claims that the massive video game platform can exploit young developers.  —  ROBLOX has become a video game titan …

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