Techmeme
February 24, 2022, 9:35 PM

Top News

Reuters:
Sources: Ukraine is asking for volunteers from its hacker community to protect critical infrastructure and conduct cyber spying missions against Russian troops  —  The government of Ukraine is asking for volunteers from the country's hacker underground to help protect critical infrastructure …
Jonathan Greig / ZDNet:
DDoS attacks disrupt several Ukrainian government sites; ESET researchers discover new data wiper malware installed on hundreds of Ukrainian machines  —  Cloudflare said the attack was “relatively modest compared to large DDoS attacks we've handled in the past.”
Reuters:
Experts say Russia's invasion of Ukraine could exacerbate chip shortages; Ukraine supplies 90%+ of US semiconductor-grade neon critical for chipmaking lasers  —  Russia's invasion of Ukraine read more by land, air and sea risks reverberating across the global chip industry and exacerbating current supply-chain constraints.
New York Times:
Experts say Russia could use cryptocurrency tools to lessen the impact of US sanctions, including a forthcoming digital ruble and spoils from ransomware attacks  —  Russian companies have many cryptocurrency tools at their disposal to evade sanctions, including a so-called digital ruble and ransomware.
Lauren Feiner / CNBC:
Coinbase beats with $2.5B Q4 revenue, $840M net income, and 11.4M monthly transacting users, up from 7.4M in Q3; 2021 revenue was $7.4B, up from $1.1B in 2020  —  - Coinbase reported fourth-quarter earnings after the bell on Thursday.  — The earnings come after major cryptocurrencies saw …
Michael McSweeney / The Block:
Block reports Q4 revenue of $4.08B, up 29% YoY, and $1.96B in Cash App bitcoin revenue, up 12% YoY; bitcoin revenue hit $10B in 2021, up 119%; stock is up 20%+  —  Quick Take  — Payments company Block, formerly known as Square, said Thursday that it made $1.96 billion in bitcoin revenue during …
Sarah Perez / TechCrunch:
Reddit revamps its app for the first time in over two years, adding a Discover Tab, updated navigation, and more; Reddit says it has 100K+ active communities  —  Reddit today is launching the first major change to its mobile app in over two years with the addition of a new Discover Tab …
Michael McSweeney / The Block:
DOJ says BitMex co-founders Arthur Hayes and Benjamin Delo pled guilty to violating the US Bank Secrecy Act and agree each to pay a $10M criminal fine  —  The Department of Justice said Thursday that Arthur Hayes and Benjamin Delo, co-founders of the crypto derivatives exchange BitMEX …
Nathan Munn / The Verge:
A former Pornhub social media manager and content moderator recounts his time at the MindGeek-owned website, and how management prioritized growth over safety  —  In summer of 2010, I was broke and needed a job.  Walking the sunbaked streets of Montreal's downtown, I called up old friends hoping for a lead.
Richard Lawler / The Verge:
Tumblr launches an ad-free tier for $4.99/month or $39.99/year on desktop and in its mobile apps; Tumblr was once opposed to displaying ads, but caved in 2012  —  You can fix one of Tumblr's problems, for a fee  —  Tumblr announced today that users can opt out of ads (on the desktop and in its mobile apps) …
Annie Palmer / CNBC:
Etsy beats with Q4 revenue of $717M, up 16.2% YoY, vs. $685M est., and 2021 revenue of $2.3B, up 35% YoY, with 96.3M active buyers, up 17.6% YoY; stock up 20%+  —  - Shares of Etsy soared as much as 24% in extended trading on Thursday.  — The company reported fourth-quarter results …
Financial Times:
Media Partners Asia: Netflix has just 5.5M subscribers in India, far below its 100M goal from 2016, behind Amazon Prime Video's 16M and Disney+ Hotstar's 50M  —  Streaming juggernaut wanted 100mn subscribers in the country but has managed just 5.5mn  —  Back in 2016, when Netflix launched in India …
Adi Robertson / The Verge:
Mark Zuckerberg showcases a concept for voice-controlled VR space generated by AI, plans for a universal language translator, and more in a Meta livestream  —  'Let's go to the beach'  —  Meta is testing an artificial intelligence system that lets people build parts of virtual worlds by describing them …
Shirin Ghaffary / Vox:

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Earlier Picks

Financial Times:
Brittany Roston / SlashGear:
Jennifer Elias / CNBC:
Joe Williams / Bloomberg: