Techmeme
June 28, 2022, 8:25 PM

Top News

Bloomberg:
After freezing withdrawals, crypto exchange CoinFlex plans to issue up to 47M Recovery Value USD tokens, offering a 20% annual return, to repay a $47M debt  —  Cryptocurrency exchange CoinFlex plans to raise funds by issuing a new token that will offer a 20% annual return …
Michael Bellusci / CoinDesk:
CoinFLEX CEO Mark Lamb says crypto investor Roger Ver owes CoinFLEX $47M in USDC, after Ver denied “some rumors” he defaulted on a debt to a counterparty  —  The crypto exchange is launching a recovery token because of debt owed by a high-net-worth customer.
Hadlee Simons / Android Authority:
Arm announces new mobile Armv9 CPUs with improved performance and new GPUs including the flagship Immortalis-G715, its first with hardware-enabled ray-tracing  —  It's that time of the year when industry colossus Arm reveals its new line of CPUs and GPUs that will power the following year's smartphones.
Sarah E. Needleman / Wall Street Journal:
Pinterest CEO Ben Silbermann is stepping down and transitioning to executive chairman, to be replaced by Google's president of commerce Bill Ready  —  The social-media company says Ben Silbermann will transition to executive chairman after leading the company since its founding in 2010
Shannon Liao / Washington Post:
Sony launches InZone, a brand of gaming devices aimed at PC gamers but with tight PS5 integration, starting with 4K and 1080p 27" monitors and three headsets  —  The brand will leverage Sony's high quality display and audio technologies, said Sony home entertainment president Kazuo Kii
Abner Li / 9to5Google:
Google announces Google Public Sector, a new division aiming to bring Google Cloud tech to US educational institutions and federal, state, and local governments  —  Google today is home to two divisions that have their own CEOs: Cloud and YouTube.  “Google Public Sector” was announced today as a …
James Vincent / The Verge:
Airbnb makes its temporary ban on parties at rented properties, introduced in 2020, permanent, saying the ban “became much more than a public health measure”  —  But a 16-person cap on rentals has been removed  —  In 2020, Airbnb introduced a temporary ban on house parties …
Jay Peters / The Verge:
Meta tests Discord-like changes in Facebook Groups, adding a channels list in a left-aligned sidebar that can include audio rooms, text chats, and feeds  —  New Groups changes seem inspired directly by Discord  —  Facebook Groups are about to get some big changes, and if you've used Discord …
Charlie Warzel / The Atlantic:
a16z's Marc Andreessen and Packy McCormick failing to coherently explain Web3 use cases demonstrates the hollowness of the space, often obscured by boosterism  —  I cannot stop watching crypto profiteers get owned. … I cannot stop watching videos of Web3 boosters failing to explain the usefulness of the technology.
Reuters:
A deep dive into Truth Social's struggles to build a competitive social media platform, largely because the company alienated tech talent and corporate partners  —  The firebrand former President Trump's social media firm has struggled to build a competitive platform.
Mark Gurman / Bloomberg:
Sources: Samsung Display acquires Germany-based OLED startup Cynora, which specialized in displays for foldable devices, for about $300M for its IP and tech  —  Samsung Display Co. has purchased display company Cynora GmbH for about $300 million, according to people with knowledge of the matter …
Will Knight / Wired:
A look at DALL-E Mini, a viral image-generation service by Hugging Face based on OpenAI's DALL-E offering good, absurd fun while showing how AI can warp reality  —  The viral image-generation app is good, absurd fun.  It's also giving the world an education in how artificial intelligence may warp reality.
Stephanie Condon / ZDNet:
Google makes Earth Engine, which offers sophisticated information about the Earth's surface, available to any commercial or government entity using Google Cloud  —  For the past decade, researchers in academia and the nonprofit world have had access to increasingly sophisticated information about the Earth's surface.

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