June 8, 2022, 8:15 AM

Top News

Ian Allison / CoinDesk:
Source: Citadel Securities is building a “cryptocurrency trading ecosystem” in partnership with Virtu, Sequoia, Paradigm, and others  —  The effort also includes Citadel Securities' recent venture capital (VC) backers, Sequoia and Paradigm, with more trading firms to come, according to a source familiar with the plans.
Sergiu Gatlan / BleepingComputer:
In a joint cybersecurity advisory, the NSA, CISA, and the FBI reveal China-backed hackers exploited publicly known vulnerabilities to snoop on network traffic  —  Several US federal agencies today revealed that Chinese-backed threat actors have targeted and compromised major telecommunications companies …
Todd Bishop / GeekWire:
Internal email: Microsoft splits its HoloLens group and parts ways with the group's head Alex Kipman, who a recent Insider story cited for “toxic” behavior  —  Microsoft is splitting its HoloLens mixed reality group and parting ways with Alex Kipman, the leader of the group …
Amrita Khalid / Engadget:
IBM plans to wind down its business in Russia and lay off its workforce in the country, after suspending operations there in March 2022  —  IBM will begin an “orderly” wind-down of its operations in Russia, according to a memo from CEO Arvind Krishna that was released publicly today.
Cristina Criddle / Financial Times:
Sources: TikTok Shop in the UK is in turmoil after losing at least half its staff, or 20 people, since its launch in October, many citing a toxic workplace  —  Chinese-owned social media group launches investigation into ‘toxic’ working practices at London offices
Matt Burgess / Wired:
A look at Apple's plan to debut Passkeys, passwordless login for apps and websites, in iOS 16 and macOS Ventura using Touch ID or Face ID for authentication  —  Apple's iOS 16 and macOS Ventura will introduce passwordless login for apps and websites.  It's only the beginning.
Mary Ann Azevedo / TechCrunch:
PayPal begins letting users in the US move cryptocurrency from and to external wallets and exchanges, after they complete a new identity verification process  —  'We're in this for the long term,' says exec  —  In response to customer demand, PayPal announced today that its users …
Lauren Feiner / CNBC:
A coalition including Amazon, Google, and Uber urges the DHS to let kids of high-skilled visa holders stay in the US past the age of 21 without a green card  —  - Tech companies including Amazon, Google, Salesforce and Uber are urging the Department of Homeland Security to revise its aging …
Paul Gillin / SiliconANGLE:
Immuta, which offers cloud-native data governance tools, raises a $100M Series E led by NightDragon at a $1B valuation, bringing its total funding to $267M  —  Data security startup Immuta Inc. today said it has raised a $100 million late-stage funding round that pegs the company's valuation at $1 billion.
Mary Ann Azevedo / TechCrunch:
Ohio-based Branch, which offers APIs to bundle home and auto insurance, raises a $147M Series C led by Weatherford Capital at a $1.05B post-money valuation  —  Branch, a startup offering bundled home and auto insurance, has raised $147 million in Series C funding at a postmoney valuation of $1.05 billion.
More: Insider
Benjamin Mayo / 9to5Mac:
Chance Miller / 9to5Mac:

Sponsor Posts
Free compensation benchmarking data from 3,000 startups  —  Search by job title and get FREE access to market pay data.  Paid version helps HR teams automate comp reviews and communicate total compensation to employees.
LLMs can label data as well as humans, but 100x faster  —  Looking to clean, label or enrich your data, but taking too much time?  Just describe your problem to our LLMs and let them do the work for you in minutes.
Give your startup an advantage with Mercury Raise  —  Building a successful company takes more than an idea — it takes the right connections, network, and guidance.  Mercury Raise gives you all three.
Business intelligence vs. data warehouses vs. data lakes: 10 key differences  —  In the world of data, the various terms that are thrown around frequently cause confusion among both business users and data experts.
Techmeme Ride Home:
(Portfolio Profile) Play
The day's tech news, every day at 5pm ET. Fifteen minutes and you're up to date.
Subscribe via Apple Podcasts, Spotify, or RSS.

About This Page

This is a Techmeme archive page. It shows how the site appeared at 8:15 AM ET, June 8, 2022.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

More News

Michael del Castillo / Forbes:

Earlier Picks

Sean Hollister / The Verge:
Andrew J. Hawkins / The Verge:
Lily Hay Newman / Wired:
Tory Newmyer / Washington Post:
Joe Rossignol / MacRumors:
Francesca Maglione / Bloomberg: