Techmeme
March 30, 2022, 8:45 AM

Top News

Andrew Thurman / CoinDesk:
The Ronin Network, which supports Sky Mavis' Axie Infinity game, says it was hacked, and 173,600 ETH and 25.5M USDC was stolen, worth $600M+; RON is down ~20%  —  It may be the largest exploit in DeFi history.  —  The latest crypto hack may be the largest yet.
More: Ed Zitron's Where's Your Ed At, Ronin's Newsletter, Web3 is going just great, TNW, Gizmodo, Washington Post, Kotaku, Comparitech, Security Affairs, Barron's Online, ExchangeWire.com, Silicon Republic, Cryptonews, Bloomberg, TechRadar, Coinspeaker, GamesTX, Kyrian Alex's Newsletter, Waivly, Numlock News, Infosecurity, CoinQuora, TechCircle, Elaborate VC, The Overspill, PYMNTS.com, Coinmonks, ZDNet, SiliconANGLE, Financial Times, Input, Tech in Asia, Protocol, Crypto Daily, VentureBeat, CyberScoop, CoinPost, Kryptovaluta Oppsummering, and Ronin Network en Español
Bloomberg:
Washington Post:
Meta paid Republican consulting firm Targeted Victory to orchestrate a campaign against TikTok in the US, including placing op-eps in regional news outlets  —  Facebook parent company Meta is paying one of the biggest Republican consulting firms in the country to orchestrate a nationwide campaign seeking …
Financial Times:
Sources: Arm plans to transfer shares from its China joint venture, which it has struggled to control and audit, to SoftBank to speed up a New York listing  —  Shifting stake in chip designer's joint venture to a SoftBank special purpose vehicle would ease New York flotation
Wall Street Journal:
Sources: China is planning expanded restrictions on its huge live-streaming industry, including capping daily tipping and tighter content censorship  —  Regulators are planning rules limiting virtual tipping of live-streaming hosts and time spent by young people on the apps
Emily Nicolle / Bloomberg:
The UK's FCA extends a key deadline, set for Thursday, for approving crypto companies; the FCA has so far approved 33 companies  —  The U.K.'s financial regulator is extending a Thursday deadline for its approval of crypto operations, giving a dozen firms more time to get their applications or affairs in order.
Mitchell Clark / The Verge:
Google adds expanded Markdown support to Docs on the web, off by default, as part of its autocorrect feature  —  ## An alternative to keyboard shortcuts  —  Google is adding Markdown support to Google Docs on the web, letting you format your document using text shortcuts rather than keyboard ones.
Gilad Edelman / Wired:
A look at the ECASH Act, which would direct the US Treasury to pilot digital dollars that would be stored on hardware and not on a distributed blockchain ledger  —  If you want the privacy of paper money, you need something that leaves no paper trail.  —  When you hear the phrase “digital cash,” what comes to mind?
Ron Amadeo / Ars Technica:
Google adds a “booking page” to Calendar, letting users present available periods for a meeting  —  Calendar can now generate a webpage of available time slots for a user to pick from.  —  Google Calendar's latest update promises to take a lot of the back-and-forth out of booking appointments.
New York Times:
Sources detail internal confusion from Meta moderators and employees over how to enforce content rules during Russia's invasion of Ukraine  —  The rules over what war content is permitted on Facebook and Instagram keep changing, causing internal confusion.  —  Meta, which owns Facebook …
Shannon Liao / Washington Post:
A judge approves an $18M settlement between Activision Blizzard and the US Equal Employment Opportunity Commission, ending the federal sexual harassment lawsuit  —  A judge approved an $18 million settlement between Activision Blizzard and the U.S. Equal Employment Opportunity Commission Tuesday …
Madhumita Murgia / Financial Times:
DeepMind says it made changes to its policies after a female former staff member accused the Google-owned company of mishandling sexual misconduct allegations  —  Former employee at artificial intelligence group raises concerns about grievance procedure following assault and harassment by senior researcher
Malique Morris / The Information:
Sources: Stripe-backed one-click checkout service Fast generated just ~$600K in 2021 revenue; source says Fast tried raising a $100M Series C in late 2021  —  Several startups have been racing to sell software known as one-click checkout to retailers such as The Honest Company and Forever 21 …
Michail / GSMArena.com:
Counterpoint: Motorola was the third largest smartphone OEM in the US in 2021, with a 10% market share, up 131% YoY, filling the void left by LG's exit  —  LG officially shut down its mobile division last April which left a sizeable hole in the US smartphone market and based …
Manish Singh / TechCrunch:
Mumbai-based Games24x7, which makes popular mobile games such as RummyCircle, raises $75M led by Malabar Investment at a $2.5B valuation  —  Games24x7, a Mumbai-headquartered startup that owns and operates multiple mobile games, has raised $75 million in a new financing round at a valuation of $2.5 billion, it said on Wednesday.
Jim Waterson / The Guardian:
Ofcom: around 16% of UK three and four-year-olds view TikTok content, rising to around 33% of children aged five to seven  —  Three-year-olds are on the video-sharing platform and it may be affecting their attention span  —  British toddlers are increasingly likely to be users of TikTok …
More: Sky News and BBC

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Earlier Picks

Cara Lombardo / Wall Street Journal:
Chris Welch / The Verge:
Brian Krebs / Krebs on Security:
Paul Vigna / Wall Street Journal: