Techmeme
June 15, 2022, 10:50 AM

Top News

Frank Chaparro / The Block:
Sources: crypto hedge fund Three Arrows Capital faces an uncertain future after a $400M liquidation; CEO Zhu tweeted we are “committed to working this out”  —  The future of crypto hedge fund Three Arrows Capital hangs in the balance as the firm faces potential insolvency after being liquidated by its lenders.
Jon Porter / The Verge:
Carl Pei reveals Nothing phone (1) ahead of its July 12 launch event, saying “leaks are harder to contain nowadays”; more details will be revealed over time  —  Nothing, the consumer tech startup led by OnePlus co-founder Carl Pei, has shown off the rear design of its debut Phone 1 smartphone.
Wall Street Journal:
Source: crypto lender Celsius Networks is looking for financing options from investors and exploring other strategic alternatives, like financial restructuring  —  Celsius Network, among the largest crypto lenders, has paused user accounts, citing extreme market conditions
Financial Times:
Josh Taylor / The Guardian:
Microsoft officially retires Internet Explorer after 27 years, disabling the desktop app and directing users to Edge  —  Company says decision to disable desktop app comes as web developers less likely to make sites compatible with browser, which first graced computers in 1995
Foo Yun Chee / Reuters:
The EU's General Court sides with Qualcomm over the European Commission's $1.05B fine from 2018 for allegedly paying Apple to use only Qualcomm chips  —  U.S. chipmaker Qualcomm (QCOM.O) on Wednesday won its fight against a 997-million-euro ($1.05 billion) fine imposed by EU antitrust …
Sergiu Gatlan / BleepingComputer:
Cloudflare says it mitigated a 26M-requests-per-second DDoS attack, the largest HTTPS DDoS attack detected to date, targeting a customer using its Free plan  —  Internet infrastructure firm Cloudflare said today that it mitigated a 26 million request per second distributed denial-of-service …
New York Times:
NHTSA data covering July 1, 2021 to May 15, 2022 shows 392 incidents involving driver-assistance tech, including six deaths; Tesla accounted for 273 crashes  —  The National Highway Traffic Safety Administration released data on 10 months of crashes involving systems like Tesla's Autopilot.
Stephanie Kirchgaessner / The Guardian:
Sources: US defense contractor L3Harris is in talks with NSO Group to acquire its core tech; White House says such a deal would raise serious security concerns  —  Deal - which would require approval from US and Israel - would give L3Harris control over controversial Pegasus tool
Sydney Maki / Bloomberg:
As crypto markets tank, El Salvador has so far lost ~$56M after President Nayib Bukele bought 2,301 bitcoin, raising concerns about debt repayments  —  An epic rout that has wiped out about two-thirds of Bitcoin's value is exacerbating the debt crisis in the world's most crypto-friendly country.
Kyle Wiggers / TechCrunch:
Fountain, which builds tools to help employers track applicants during the interview process, raised $100M led by B Capital at a nearly $1B valuation  —  The “Great Resignation,” the trend where workers are leaving their jobs at a higher-than-usual rate, is continuing unabated.
Nilesh Christopher / Rest of World:
A look at Watchdog, a Sri Lanka-based research collective that built a fact-checking app and uses open source data to investigate the country's ongoing crises  —  From protests to power cuts, Watchdog uses open source research to investigate Sri Lanka's ongoing political and economic crisis.
Brandy Betz / CoinDesk:
Estonia-based NFT infrastructure startup NFTPort has raised a $26M Series A co-led by Taavet+Sten and Atomico to help developers quickly launch NFT apps  —  The round was co-led by Atomico and Taavet+Sten, the investment arm from the co-founders of Wise and Teleport.
Filipe Espósito / 9to5Mac:
Sources: Apple plans to refresh its entry-level iPad with a USB-C port instead of Lightning, an A14 chip, 5G, and an improved display, likely coming in 2022  —  Earlier this year, 9to5Mac exclusively reported that Apple was working on a new generation iPad Air to have the M1 chip and 5G support …
Ingrid Lunden / TechCrunch:
AlphaSense, which offers search tools for market intelligence, has raised a $225M Series D at a $1.7B valuation, following a $180M Series C in September 2021  —  Google showed the way when it came to the world understanding and valuing the importance of a good search engine to unlock all the information you could find on the internet.

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Ash Parrish / The Verge:

Earlier Picks

Kellen Browning / New York Times:
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Dan Goodin / Ars Technica:
Sarah Nassauer / Wall Street Journal:
Wall Street Journal: