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June 29, 2022, 8:30 PM
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Top News

Mark Kleinman / Sky News:
Source: a British Virgin Islands court ordered the liquidation of Singapore-based Three Arrows Capital on June 27; Teneo will handle the insolvency process  —  A court in the British Virgin Islands has ordered the liquidation of Singapore-based Three Arrows Capital, underlining the crisis gripping …
CoinDesk:
Sources: digital asset trading firm Genesis is potentially facing “hundreds of millions” of dollars in losses, partly through exposure to 3AC and Babel Finance  —  The DCG-owned trading colossus is said to have suffered nine-figure losses partly through exposure to Three Arrows Capital and Babel Finance.
Steven Ehrlich / Forbes:
After providing $750M in credit lines, Sam Bankman-Fried says some crypto companies are “basically too far gone”, “bearish views on Tether are wrong”, and more  —  After throwing lifelines to troubled digital currency platforms BlockFi and Voyager Digital …
Josh Smith / Reuters:
Experts say the crypto crash has wiped out millions of dollars stolen by North Korean hackers, threatening a key source of funding and its weapons programs  —  The nosedive in cryptocurrency markets has wiped out millions of dollars in funds stolen by North Korean hackers, four digital investigators say …
Lawrence Abrams / BleepingComputer:
Firefox now offers a feature to strip some web tracking parameters from URLs, including HubSpot, Marketo, and Meta, following similar functionality in Brave  —  Mozilla Firefox 102 was released today with a new privacy feature that strips parameters from URLs that are used to track you around the web.
Dan Goodin / Ars Technica:
Researchers detail sophisticated malware targeting various routers and taking over Windows, macOS, and Linux devices, in North America and Europe for ~2 years  —  Router-stalking ZuoRAT is likely the work of a sophisticated nation-state, researchers say.  —  An unusually advanced hacking group …
Alex Heath / The Verge:
Snap launches Snapchat+, offering exclusive, experimental, and pre-release Snapchat features for $3.99 per month, starting in nine countries  —  No, it doesn't let you turn off ads  —  Starting this week, Snap will begin offering an optional subscription called Snapchat Plus that unlocks exclusive and early access features.
Jason Schreier / Bloomberg:
Niantic, the company behind Pokémon Go, lays off 8% of its staff, around 85 to 90 people, and cancels four projects; Niantic was valued at $9B in November 2021  —  Gaming company Niantic Inc., which has struggled to find another big hit following its 2016 game Pokémon Go …
Evelyn Cheng / CNBC:
The FCC's Brendan Carr calls on Apple and Google to remove TikTok from app stores due to China-related security concerns or explain why they haven't by July 8  —  - Brendan Carr, one of the FCC's commissioners, shared Tuesday via Twitter a letter to Apple CEO Tim Cook and Alphabet CEO Sundar Pichai …
Raymond Wong / Input:
Carl Pei says Nothing phone (1) will use the mid-range Snapdragon 778G+, not the high-end 8 Gen 1, citing a balance of cost, performance, and power consumption  —  By the time Nothing's July 12 launch event for the Phone (1) comes around, there won't be much (if anything) left to announce for the transparent Android smartphone.
David Yaffe-Bellany / New York Times:
Forbes estimates the 16 richest crypto billionaires lost $59B+ between March and June, led by Binance's Changpeng Zhao, as retail investors suffer heavy losses  —  No cryptocurrency investor has been spared the pain of plunging prices.  But the fallout from more than $700 billion in losses is far from even.
Stephen Alpher / CoinDesk:
MicroStrategy purchased 480 bitcoins at a $20,817 average price from May 3 to June 28, bringing its holdings to 129,699, acquired for ~$3.98B or $30,664 each  —  The company disclosed the acquisition of another 480 bitcoins, bringing total holdings to 129,699 coins.
Bloomberg:
Sources: Tesla laid off ~200 Autopilot workers, most of them hourly and focused on data labeling, and closes its San Mateo office, as part of broader reductions  —  Tesla Inc. laid off hundreds of workers on its Autopilot team as the electric-vehicle maker shuttered a California facility, according to people familiar with the matter.
Wall Street Journal:
Internal documents from 2021 show Celsius issued large loans backed by little collateral while pitching itself as less risky than a bank with better returns  —  The lender had little cushion in the event of a downturn or mass withdrawals, investor documents show
Bloomberg:
EU lawmakers provisionally agree on anti-laundering rules for crypto, requiring verified customer identities for transfers between regulated digital wallets  —  The European Parliament and Council reached a provisional agreement to force crypto providers to provide identifying information …
Wall Street Journal:
Researchers say some businesses are exaggerating AI's capabilities, brewing misunderstanding and distorting policymakers' views of AI's power and fallibility  —  Google, Meta and OpenAI are investing heavily in the technology, which is increasingly capturing the public imagination

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This is a Techmeme archive page. It shows how the site appeared at 8:30 PM ET, June 29, 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

Dan Mangan / CNBC:
President Trump announces that White House Press Secretary Karoline Leavitt will leave her post by the end of August to spend more time with her family

Josh Sisco / Bloomberg:
Xavier Becerra, the frontrunner in California's governor race, says a settlement in the state AG's Paramount-WBD lawsuit would be the best outcome

Darryl Chamberlain / The Greenwich Wire:
Liquidator docs: the South London Press, the 160-year-old title that suddenly closed in May 2025, owed its staff nearly £100,000 when it went out of business

More News

Iain Martin / Forbes:
A look at NGL, an app that lets Instagram users send anonymous DMs, and its content moderation challenges; Data.ai: NGL has 1.75M downloads since November 2021
Ingrid Lunden / TechCrunch:
London-based Entrepreneur First, which invests in nascent startups, connects co-founders, and offers support, has raised a $158M Series C at a ~$560M valuation

Earlier Picks

Michael Bellusci / CoinDesk:
CoinFlex CEO Mark Lamb says crypto investor Roger Ver owes the exchange $47M in USDC, after Ver denied “some rumors” he defaulted on a debt to a counterparty
Jay Peters / The Verge:
Meta tests Discord-like changes to Facebook Groups, adding a channels list in a left-aligned sidebar that can include audio rooms, text chats, and feed channels
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