Techmeme
November 24, 2021, 5:45 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 November  —  Malware creators have already started testing a proof-of-concept exploit targeting a new Microsoft Windows Installer zero-day publicly disclosed …
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 …
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.
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.
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 …
Financial Times:
Refinitiv: Southeast Asian fintech companies have raised ~$3B across 80 deals so far in 2021, more than in 2020 and 2019 combined  —  Consumers turn to mobile banking and ecommerce during pandemic, fuelling investor interest  —  Investors have pumped record amounts into south-east Asian …
James Marson / Wall Street Journal:
How Belgian police infiltrated messaging service Sky ECC in February and March, gathering 1 billion messages that yielded arrests and drug seizures  —  Criminals thought encrypted Sky ECC cellphones were impregnable, but cops tapped a billion messages, yielding arrests and drug seizures
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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