Techmeme
May 6, 2022, 7:10 PM

Top News

Joe Warminsky / The Record:
The US sanctions cryptocurrency mixing service Blender.io for allegedly laundering $20.5M from the Axie Infinity hack, the first time the US sanctioned a mixer  —  The U.S. Treasury Department on Friday sanctioned a cryptocurrency mixing service for the first time, citing evidence that it was used …
New York Times:
Elon Musk's investor pitch: grow Twitter revenue 5x to $26.4B and cut ad revenue reliance to <50% by 2028, grow Twitter Blue's users to 69M by 2025, and more  —  Here's what Mr. Musk is projecting for Twitter's finances over the next few years, according to a pitch deck he presented to investors.
Kanishka Singh / Reuters:
The SEC says Nvidia will pay $5.5M to settle charges it failed to disclose that cryptomining was a “significant element” of its FY 2018 gaming revenue growth  —  The U.S. Securities and Exchange Commission said Friday it had settled charges against technology company Nvidia Corporation …
Wall Street Journal:
Some ex-TikTok US staff talk of long hours, tight deadlines, lack of work-life boundaries, sleep deprivation, weekend work, and secrecy uncommon in the industry  —  Former U.S. staffers tell of sleep deprivation, work on weekends and mandatory meetings with colleagues on the other side of the globe
Jordan Novet / CNBC:
Google forms a new blockchain group, led by former Citigroup executive James Tromans, to make the Google Cloud Platform the first choice for Web3 developers  —  - Former Citigroup executive James Tromans will lead the new Google group that will build services to help developers construct Web3 applications.
Bloomberg:
Sources: China ordered government agencies and state-backed companies to replace foreign-branded PCs with domestic alternatives running local OSes in two years  —  China has ordered central government agencies and state-backed corporations to replace foreign-branded personal computers …
Dan Primack / Axios:
Source: SEC.govMore: Insider, New York Times, BuzzFeed News, Blockworks, Bloomberg, New York Times, Silicon Valley Business …, New York Post, Financial Times, Reuters, Grit Capital, CoinDesk, Silicon Canals, Coinspeaker, Wall Street Journal, The Block, VICE, SiliconANGLE, DealStreetAsia, Protocol, Bitcoin News, Bloomberg, Junghoon's Direct Media …, Social Media Today, Reuters, UPI, The Register, The Mac Observer, Forbes, CNN, TechCrunch, The Hollywood Reporter, PYMNTS.com, BBC, San Francisco Business Journal, Ars Technica, Channel Futures, iMore, CNBC, Crunchbase News, iPhone in Canada Blog, Newser, Agence France-Presse, Axios, Bloomberg, Cryptopolitan, Bloomberg, Silicon Republic, Bloomberg, Financial Times, Bloomberg, CNBC, Cointelegraph, TIME, and RTÉ
Jennifer Elias / CNBC:
Internal docs: Google is revamping performance reviews, resulting in higher pay, as it tries to ease tensions between staff and leadership about compensation  —  - Google introduced changes in efforts to streamline its performance reviews and promotions.  — Executives said the changes …
More: The Verge and The RegisterThanks:@mattrosoff

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Aislinn Keely / The Block:
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Stefanie Marotta / Bloomberg: