Techmeme
June 30, 2022, 7:40 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.
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.
Bloomberg:
MarkSight: as crypto tumbles, the average price of Nvidia's GeForce 3080 on eBay dropped from $1,140 on April 30 to $710 on June 27  —  The turmoil in the cryptocurrency industry has ravaged portfolios and left large and small investors struggling to adapt.
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.
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 …
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
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 …
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 …
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.
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 …
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
Financial Times:
An investigation details an operation by Chinese hacking group APT40 to lure graduates into spying and translating stolen documents using a front company  —  FT investigation reveals student translators were targeted by front company for Beijing-backed hacking group APT40
Aisha Counts / Protocol:
Google Workspace head Javier Soltero, who managed Google's productivity and collaboration tools including Gmail and Meet, is leaving the company on July 15  —  Javier Soltero is leaving Google Workspace, Google Cloud President Thomas Kurian announced Wednesday in an email to staff viewed by Protocol.
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
Lawrence Abrams / BleepingComputer:
Firefox now offers a feature to strip some web trackers of Meta, HubSpot, and Marketo from URLs, 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.

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Earlier Picks

Moneycontrol:
Allyson Versprille / Bloomberg:
Michael Bellusci / CoinDesk: