Techmeme
September 7, 2021, 11:25 AM

Top News

ProPublica:
Investigation finds Facebook has over 1,000 contractors moderating WhatsApp, including private messages and media, undermining assurances of WhatsApp's privacy  —  When Mark Zuckerburg unveiled a new “privacy-focused vision” for Facebook in March 2019, he cited the company's global messaging service, WhatsApp, as a model.
Muyao Shen / CoinDesk:
President of El Salvador says the country bought 400 bitcoins on Monday, as the law making bitcoin legal tender in El Salvador goes into effect  —  El Salvador President Nayib Bukele announced on Twitter his government bought 200 BTC on Monday, a day before the country's Bitcoin Law …
Financial Times:
Crypto adoption is accelerating in the developing world, especially in regions with a history of financial instability, like sub-Saharan Africa and Asia Pacific  —  In Lagos, Nigeria's commercial capital, a software coder bills her client in London and is paid in bitcoin …
Joanna Ossinger / Bloomberg:
Crypto exchange Bitso says it is the core service provider for El Salvador's Chivo wallet and will work with Silvergate Bank to facilitate USD transactions  —  Crypto platform Bitso said it's a core service provider for Chivo, the Bitcoin wallet developed by El Salvador's government …
Jack Nicas / New York Times:
A look at Freedom Phone, a $500 device aimed at right-wing users and created by a 22-year-old bitcoin millionaire, who admitted it was made by China's Umidigi  —  A 22-year-old Bitcoin millionaire wants Republicans to ditch their iPhones for a low-end handset that he hopes to turn into a political tool.
TechCrunch:
ProtonMail is under fire for disclosing a French activist's IP address to Swiss authorities; ProtonMail had claimed to only log IPs in “extreme criminal cases”  —  ProtonMail, a hosted email service with a focus on end-to-end encrypted communications, has been facing criticism …
Jason Schreier / Bloomberg:
Former PlayStation boss Shawn Layden reveals he left due to burnout, and says the industry has a sustainability problem due to rising game development costs  —  This week: a game about ancient history and a massive video game company investment.  But first: the former boss …
Chris Metinko / Crunchbase News:
A look at Microsoft's M12 venture arm: 107 investments in total, focused on financial returns rather than acquisitions, expansion into seed rounds, and more  —  From the outside, M12's mission likely seems simple to most: Invest money from the second-most valuable technology company in the world …
Jordan Novet / CNBC:
Deep dive on AWS, with margin estimates for specific services including S3, EC2, and EBS, as AWS has made up over half of Amazon's operating profit since 2014  —  - Amazon's cloud division doesn't break out gross margins by services, but some outsiders estimate that storage and network offerings could be highly lucrative.

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