Techmeme
June 24, 2022, 1:35 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.
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.
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) …
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.
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 …
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:
Facebook has emerged in Mexico City as a low-cost alternative to food delivery services like Uber Eats and Rappi, as restaurateurs seek to avoid high fees  —  The platform has emerged as a hack around Uber Eats and Rappi's high fees.  —  • XOCHIMILCO, MEXICO
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  —  The OSOM OV1 was a new Android smartphone built from the bones of Essential, but it's now being rebranded as a crypto/web3 device, the “Solana Saga.”

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