Techmeme
November 24, 2021, 8:00 PM

Top News

New York Times:
Adam Mosseri agrees to testify about Instagram's effects on teenage users before a Senate Commerce subcommittee during the week of December 6  —  Adam Mosseri, the head of Instagram, has agreed for the first time to testify before Congress, as bipartisan anger mounts over harms to young people from the app.
Sergiu Gatlan / BleepingComputer:
A Windows 10 and Windows 11 exploit allows an attacker with physical access to gain SYSTEM privileges, bypassing Microsoft's patch from earlier this month  —  Malware creators have already started testing a proof-of-concept exploit targeting a new Microsoft Windows Installer zero …
Michael McSweeney / The Block:
Coinbase acquires crypto wallet startup BRD and says BRD wallet users will have the option to migrate to the Coinbase wallet in 2022  —  Crypto exchange Coinbase has acquired the crypto wallet startup BRD, according to a notice from its leadership team.  —  In a letter address …
Jon Porter / The Verge:
Twitter updates its iOS app to stop automatically refreshing timelines and causing tweets to disappear, after rolling out the update on the web last week  —  ‘It should stay put!’  —  Twitter has updated its iOS app to prevent those annoying situations where tweets disappear as you're trying to read them, the company has announced.
Nikkei Asia:
Sources: Apple taps TSMC to mass produce 4nm 5G modem chips for the iPhone in 2023, in an effort to reduce its reliance on Qualcomm  —  U.S. company aims to cut reliance on Qualcomm for key components  —  Apple plans to adopt TSMC's 4-nanometer chip technology for its 5G modems as it seeks to cut reliance on Qualcomm.
CoinDesk:
The Indian government pushes a bill for Parliament's winter session that would ban most cryptocurrencies and form a framework for creating a CBDC  —  While the bill might be the same as the draft submitted in January, expectations had grown that the government would submit a final version that would be accommodative to crypto.
Peter Grant / Wall Street Journal:
CB Insights: real estate tech startups have raised $9.5B during 2021 so far, topping the record $9B invested in the “proptech” sector during 2019  —  Venture capitalists and other investors poured $9.5 billion into sector through mid-November  —  Growing landlord demand for better data …
Sam Reynolds / Blockworks:
Banking Committee chair Sen. Sherrod Brown probes Coinbase, Binance.US, Tether, and others over stablecoin consumer risks, and seeks a response by December 3  —  - The Senate Banking Committee has sent letters to Coinbase, Gemini, Circle, Paxos, TrustToken, Centre, and Binance US to inquire about consumer protections and stablecoins
Wall Street Journal:
Verizon and AT&T offer to reduce the power coming from 5G towers for six months as the FAA examines possible aircraft interference  —  Wireless operators said they will limit the strength of service while regulators review the impact on planes and helicopters
Demetri Sevastopulo / Financial Times:
The US places a dozen Chinese groups developing quantum computing, semiconductor, and aerospace technologies on an entity list, blocking exports to them  —  Move reflects mounting concern Beijing could acquire encryption-busting technologies from US groups  —  The US has placed …
Nicole Perlroth / New York Times:
Apple sues NSO Group in US federal court, seeking to ban NSO from using Apple products and alleging NSO illegally targeted Apple users with surveillance tools  —  Apple accused NSO Group, the Israeli surveillance company, of “flagrant” violations of its software, as well as federal and state laws.
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