Techmeme
June 30, 2022, 11:15 AM

Top News

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.
Yogita Khatri / The Block:
Source: FTX walked away from a deal with Celsius after finding the crypto lender has a $2B hole in its balance sheet  —  - FTX was interested in making a deal with Celsius but walked away because of the state of its finances, two sources told The Block.  — Celsius had a $2 billion hole in its balance sheet, one source said.
Rita Liao / TechCrunch:
OpenSea tells customers that an employee at email vendor Customer.io downloaded and sent email details to an external party, impacting almost all users  —  Opensea, the popular NFT marketplace that hit a colossal $13 billion valuation in January, is warning users of email phishing after a data breach.
Joyce Lee / Reuters:
Samsung becomes the first to mass produce 3nm chips, beating TSMC, touting 45% lower power usage compared to 5nm chips, a 16% smaller surface area, and more  —  Samsung Electronics Co Ltd (005930.KS) said on Thursday it has begun mass producing chips with advanced 3-nanometre technology …
Ari Notis / Kotaku:
Unity lays off over 200 people, or 4% of its workforce, two weeks after the CEO said at an all-hands meeting that there would not be any layoffs  —  Management at the company behind the free game development engine has been a ‘shit show’ recently, sources say
Filipe Espósito / 9to5Mac:
Apple says South Korean app developers can now use external payment methods from KCP, Inicis, Toss, and NICE by submitting a new version, reducing fees by 4%  —  Earlier this year, Apple announced that it would comply with a new law in South Korea that required the company to allow third-party payment providers in App Store apps.
Stephen Alpher / CoinDesk:
Nikhilesh De / CoinDesk:
Grayscale Investments sues the US SEC after the agency rejected its application on Wednesday to convert its flagship Grayscale Bitcoin Trust product to an ETF  —  The SEC rejected Grayscale's application to convert its Grayscale Bitcoin Trust to an exchange-traded fund earlier Wednesday.
Karen Weise / New York Times:
Amazon documents show it will restrict items and search results related to LGBTQ people and issues in the UAE, after the Emirati government threatened penalties  —  Sales of items including flags and books were blocked in the country, where homosexuality is criminalized.  — Give this article- - - Read in app
Stephen Nellis / Reuters:
Apple's CarPlay update, demoed at WWDC, lets users navigate to a pump and buy gas from its dashboard  —  Apple Inc (AAPL.O) wants you to start buying gas directly from your car dashboard as early as this fall, when the newest version of its CarPlay software rolls out, accelerating …
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 …
Wired:
Section 230 is the last line of defense for online abortion speech, without which platforms could face legal liability for distributing abortion information  —  Dobbs should be a wake-up call for anyone seeking to undercut the immunity protections afforded by Section 230 of the Communications Decency Act.
Margi Murphy / Bloomberg:
Elliptic: North Korea-backed hacking group Lazarus might be behind Harmony's $100M altcoin theft; the hack bore similarities to the $600M Ronin bridge attack  —  Suspected North Korean hackers known as the Lazarus Group are believed to be behind the recent $100 million heist on California blockchain Harmony …
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 …
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 …
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
Sam Biddle / The Intercept:
Documents: Coinbase is selling its intelligence-gathering tool Coinbase Tracer to ICE, letting the agency track crypto transactions, including bitcoin and ether  —  Coinbase, the largest cryptocurrency exchange in the United States, is selling Immigrations and Customs Enforcement a suite …
Raffaele Huang / Wall Street Journal:
Sources: Tencent, ByteDance, and others plan layoffs impacting thousands, after Chinese internet companies cut tens of thousands during regulatory crackdowns  —  Latest round of job cuts at Chinese tech giants comes even as Beijing signals easing of its regulatory campaign against the sector
Reuters:
An investigation details an Indian hacking-for-hire scheme to obtain documents in legal cases, starting in 2013 and targeting 75+ US and European organizations  —  A trove of thousands of email records uncovered by Reuters reveals Indian cyber mercenaries hacking parties involved in lawsuits around …

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