Techmeme
June 24, 2022, 11:00 PM

Top News

Jeffrey Dastin / Reuters:
As state laws limiting abortion kick in, tech companies could be forced by law enforcement to hand over users' search histories and other pregnancy-related data  —  The technology industry is bracing for the uncomfortable possibility of having to hand over pregnancy-related data to law enforcement …
Mark Sullivan / Fast Company:
After SCOTUS overturned Roe v. Wade, Apple, Meta, Google, and other tech companies announce or reaffirm policies supporting staff seeking abortion services  —  A number of tech and media companies are responding to the Supreme Court's decision to overturn Roe v. Wade by offering to pay …
Tracy Wang / CoinDesk:
Sources: Goldman Sachs is looking to raise $2B from investors to buy up distressed assets from troubled crypto lender Celsius in the event of a bankruptcy  —  The Wall Street firm is seeking $2 billion in commitments from investors to buy distressed assets at steep discounts if the crypto lender goes bankrupt.
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.
Finextra:
Crypto trading platform Bitpanda, which has 1,000+ staff per LinkedIn and raised $263M at a $4.1B valuation in 2021, says it is cutting its headcount to ~730  —  Vienna-based Bitpanda is the latest crypto player to make job cuts, informing staffers that it will axe hundreds of positions as it face up to a dramatically altered market.
Chris Dolmetsch / Bloomberg:
US judge rules that Pinterest must face a suit by digital marketing strategist Christine Martinez, who says she co-created Pinterest but was never compensated  —  Pinterest Inc. must face a lawsuit from a digital marketing strategist who says she helped conceive the social media platform, a California judge ruled.
More: Engadget
Zheping Huang / Bloomberg:
How TikTok is cashing in on its exploding popularity; source: TikTok plans to grow its e-commerce gross merchandise volume to $2B in 2022 and $23B in 2023  —  Alyssa McKay used to work part-time at a frozen yogurt store in Portland, Oregon, making minimum wage to cover her college tuition.
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) …

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