June 18, 2022, 1:15 PM

Top News

Bitcoin falls by 8%+ to below $19,000 for the first time since December 2020, the twelfth straight day of decline, as ether drops below $1,000  —  Bitcoin dropped below $19,000 for the first time since December 2020 as evidence of deepening stress within the crypto industry keeps piling up against a backdrop of monetary tightening.
Oliver Knight / CoinDesk:
Emily Baker-White / BuzzFeed News:
Leaked audio from 80+ internal TikTok meetings: ByteDance staff in China repeatedly accessed data about US TikTok users between September 2021 and January 2022  —  For years, TikTok has responded to data privacy concerns by promising that information gathered about users in the United States …
TikTok says it has completed migrating its US users' data to Oracle's servers in the US  —  TikTok has completed migrating its U.S. users' information to servers at Oracle Corp (ORCL.N), in a move that could address U.S. regulatory concerns over data integrity on the popular video app, the company confirmed to Reuters.
Aisha Malik / TechCrunch:
Meta unveils Avatars Store, where users can buy digital clothes for avatars, and plans to make it a marketplace where developers can create and sell clothing  —  Meta CEO Mark Zuckerberg announced today that the company is launching a digital designer clothing store called the “Meta Avatars Store.”
Mary Ann Azevedo / TechCrunch:
Brex says it will no longer work with SMBs that do not have venture funding and will shut down “tens of thousands” of accounts after August 15  —  Three months after announcing it would make a big push into software and enterprise, fintech giant Brex is apparently abandoning …
Andrea Peterson / The Record:
The US DOJ says RSocks, a Russian botnet used to hijack millions of devices worldwide for use as proxy servers, was disrupted in an international operation  —  The Department of Justice announced Thursday that the U.S. and international law enforcement partners in the United Kingdom, Germany …
Lauren Feiner / CNBC:
In a letter, 21 US lawmakers ask Google to clamp down on “misleading” search results that steer people searching for abortions services to anti-abortion clinics  —  - A group of lawmakers are urging Google to clamp down on misleading search results that allegedly steer people searching …
Kate Conger / New York Times:
A jury finds ex-Amazon engineer Paige Thompson guilty of wire fraud and hacking charges for downloading the personal info of 100M+ Capital One customers in 2019  —  Paige Thompson's lawyers said she had been looking for cracks so they could be fixed.  A jury found her guilty of wire fraud and hacking charges.
Sources: ByteDance shuts down its Shanghai games studio, in a setback to its gaming ambitions after struggling to make a splash in the Chinese gaming market  —  ByteDance Ltd. has shut down a game development studio it acquired just three years ago, slashing more than a hundred jobs …
Randy Thanthong-Knight / Bloomberg:
Canada's Rogers and Shaw reach a deal to sell Shaw's Freedom Mobile to rival Quebecor for $2.2B, a major step in solving antitrust concerns about their merger  —  Rogers Communications Inc. and Shaw Communications Inc. said they've reached a deal to sell Shaw's wireless division to rival Quebecor Inc. …

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