Techmeme
June 24, 2022, 3:25 PM

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.
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) …
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.
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.
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.
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

Sponsor Posts

Intel:
Managing a Complex Multi-Cloud Environment Requires a Reliable Ecosystem  —  To avoid vendor lock-in and effectively manage your mission critical workload needs, you need a reliable ecosystem and architecture
Vesto:
The treasury management platform built for startups  —  Put your idle cash to work, earn higher yields, and extend your runway with Vesto.
Zoho:
Hurdles that companies face with internal communication and how to deal with them  —  The success of any organization depends largely on how well its employees work together.  Even if a business is working …
Census:
Figma's CFO on how they built a $20B business with data  —  From Series B to acquisition, Figma needed Census to scale their business operations on top of their data warehouse.
Climate Draft:
Climate Career Resources for Laid Off Tech Workers  —  Your skills are in demand!  Check out our jobs board, learn about the climate ecosystem, and join our directory to make yourself discoverable to top venture-backed startups.
Techmeme Ride Home:
Thu. 12/08 - Explaining Those Lensa Magic Avatars
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 3:25 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.

More News

Reuters:
Wall Street Journal:

Earlier Picks

Ben Schoon / 9to5Google:
Frederic Lardinois / TechCrunch:
Zack Whittaker / TechCrunch:
Phillip Tracy / Gizmodo:
Jon Porter / The Verge:
Mariella Moon / Engadget:
Maddie Ellis / Wall Street Journal:
Jeffrey Dastin / Reuters: