Techmeme
May 31, 2022, 12:25 PM

Top News

David Heaney / UploadVR:
Kuo: Sony will begin mass producing its PSVR 2 headset in H2 2022 ahead of a possible launch in Q1 2023, depending on the state of flagship game titles  —  A prominent supply chain analyst claims PSVR 2 mass production will begin in the second half of this year.
Gary Silverman / Financial Times:
At a CFTC meeting, agricultural groups criticized FTX CEO Sam Bankman-Fried's plan for automated risk management and 24/7 trading in leveraged futures markets  —  Agricultural groups criticise FTX plan for round-the-clock risk management in leveraged futures market
Cat Zhang / Pitchfork:
How musicians like Weezer frontman Rivers Cuomo use Discord: artists share ideas, host parties, and engage with fans, who help with moderation and other tasks  —  Originally launched as a messaging app for gamers, the platform has become an intimate place for artists and fans to connect and build community.
Laurel Brubaker Calkins / Bloomberg:
A federal judge rules IBM must pay $1.6B to BMC for swapping to its own software while servicing a mutual client, AT&T, violating a deal between IBM and BMC  —  International Business Machines Corp. must pay $1.6 billion to BMC Software Inc. for swapping in its own software while servicing …
Jason Mikula / Fintech Business Weekly:
Filings for Q1 2022: Varo, the first US neobank to be granted a bank charter, had a high $84M burn rate and 98% of its income came from interchange and fees  —  What the Regulators Should (and Shouldn't) Do to Encourage Competition  —  Hey all, Jason here.  Happy Memorial Day, for my American readers!
Frederic Lardinois / TechCrunch:
Vendia, a blockchain-based multi-cloud enterprise data sharing service, raises a $30M Series B led by NewView Capital, bringing its total funding to $50M  —  Vendia, a blockchain-based platform that makes it easier for businesses to share their code and data with partners across applications …
Vishal Chawla / The Block:
BlockSec: a buggy smart contract on Mirror Protocol, a Terra DeFi app for betting on stocks using synthetic assets, was exploited for ~$90M over seven months  —  Quick Take  — The exploit was accidentally discovered by a Terra community member last week.  — It has been confirmed by security analysts BlockSec.

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