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June 24, 2022, 2:55 PM
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Top News

Brian Newar / Cointelegraph:
Harmony stops its Horizon bridge between Ethereum, Binance Chain, and Bitcoin after a theft of ~$100M in altcoins; Harmony says its BTC bridge was not impacted  —  The layer-1 blockchain's main bridge between Ethereum, Binance Chain, and Bitcoin has been exploited for nine figures, but says its BTC bridge has not been affected.
Lauren Feiner / CNBC:
Zendesk agrees to be acquired by an investor group in an all-cash deal valuing the company at ~$10.2B and will go private once the deal closes; stock is up 25%+  —  - Customer experience software company Zendesk agreed to be acquired by an investor group in an all-cash transaction valuing it around $10.2 billion.
Wall Street Journal:
Sources: FTX is in talks to acquire a stake in BlockFi but no equity agreement has been reached; FTX gave the crypto lender a $250M credit line this week  —  FTX gave crypto lender a $250 million credit line this week  —  Crypto billionaire Sam Bankman-Fried has become a lender of last resort to his beleaguered industry.
Jonathan Greig / The Record:
The CISA and the US Coast Guard Cyber Command warn companies of Log4Shell exploits in the wild, citing one incident of threat actors exfiltrating 130GB+ of data  —  The Cybersecurity and Infrastructure Security Agency (CISA) and the United States Coast Guard Cyber Command (CGCYBER) …
Davey Alba / Bloomberg:
Source: in February, Meta started an official internal process to shut down CrowdTangle, but paused the plan as the EU's Digital Services Act gained traction  —  On May 17, as several states held their primary elections, Jesse Littlewood searched the internet using a tool called CrowdTangle …
Aoyon Ashraf / CoinDesk:
Coinbase Derivatives Exchange plans to launch its first crypto derivatives product, Nano Bitcoin futures (BIT), at 1/100th of the size of a Bitcoin, on June 27  —  Coinbase Derivatives Exchange hopes to capitalize on a market that is $3 trillion in volume worldwide and provide hedging options for traders.
Natasha Lomas / TechCrunch:
Italy's data watchdog finds a local web publisher's use of Google Analytics violates EU data protection rules due to the privacy risk of data transfer to the US  —  Another strike against use of Google Analytics in Europe: The Italian data protection authority has found a local web publisher's use …
Leo Schwartz / Rest of World:
In Mexico City, Facebook has emerged as a low-cost alternative to food delivery services like Uber Eats and Rappi, as restaurateurs seek to avoid ~30% fees  —  The platform has emerged as a hack around Uber Eats and Rappi's high fees.  —  • XOCHIMILCO, MEXICO
FinSMEs:
Tapcheck, an earned wage access service that connects with payroll systems of employers like McDonald's to calculate employee earnings, raised a $20M Series A  —  Tapcheck, a Los Angeles, CA-based financial wellness benefit company, raised $20m in Series A funding.  —  The round was led by PeakSpan Capital.

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 2:55 PM ET, June 24, 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.

From Mediagazer

Benjamin Mullin / New York Times:
The NYT added 210,000 digital subscribers in Q1, for 10.5M subscribers in total, up 8% YoY, and ad revenue fell 2.4% YoY to $103.7M; the OpenAI lawsuit cost $1M

Austin Fuller / Current:
NPR CEO Katherine Maher will not attend a US House committee hearing on May 8 looking at alleged NPR bias due to a schedule conflict, but offers to appear later

Joshua Benton / Nieman Lab:
A historical look at Pulitzer winners shows the decline of local and regional newspapers and the growth in online news outlets, especially at the local level

More News

Reuters:
Cisco plans to wind down its business in Russia and Belarus, after suspending its Russia operations in March 2022, and offers to relocate its few hundred staff
Wall Street Journal:
Intel delays its scheduled July 22 groundbreaking of a $20B Ohio chip plant due to uncertainty around the Bipartisan Innovation Act, but still plans to build it
Evan Conrad:
Crypto may be “more bad than good” but it has use cases like cutting out middlemen via decentralization, so the claim that it has “no use cases” is not rational

Earlier Picks

Ben Schoon / 9to5Google:
OSOM, founded by ex-Essential employees, scraps its OV1 phone and partners with Solana to produce Saga, a $1,000 Web3-focused Android phone launching in Q1 2023
Frederic Lardinois / TechCrunch:
Amazon launches CodeWhisperer, a GitHub Copilot-like AI pair programming tool, in preview within the AWS IDE Toolkit, supporting Java, JavaScript, and Python
Zack Whittaker / TechCrunch:
Google details the commercial spyware Hermit, used in Kazakhstan and Italy, targeting Android and iOS; the iOS version has six exploits, including two zero-days
Phillip Tracy / Gizmodo:
Microsoft announces gaming features for Edge, including a new homepage, exclusive free-to-play games, Clarity Boost for streamed games, and a performance option
Jon Porter / The Verge:
Google plans to bring Chrome's Enhanced Safe Browsing, which helps track URLs to monitor dangerous websites, to Chrome for iOS, expanding on Android and desktop
Mariella Moon / Engadget:
Spotify replaces Concert Hub with a Live Events Feed, populated by Ticketmaster, AXS, DICE, Eventbrite, See Tickets, and other partners, for finding tour dates
Maddie Ellis / Wall Street Journal:
Instagram begins testing tools to verify ages, starting with 17 and under, using either Yoti's facial video analysis, photo IDs, or adults vouching for users
Jeffrey Dastin / Reuters:
Amazon is working on letting Alexa mimic any voice after hearing less than a minute of audio, as a way to “make the memories last” of deceased family members
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