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June 30, 2022, 2:00 PM
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Top News

Yogita Khatri / The Block:
Source: FTX walked away from a deal with Celsius after finding the crypto lender had a $2B hole in its balance sheet and was difficult to deal with  —  - FTX was interested in making a deal with Celsius but walked away because of the state of its finances, two sources told The Block.
CoinDesk:
Sources: digital asset trading company Genesis is potentially facing “a few hundred million 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.
Yueqi Yang / Bloomberg:
CoinFlex postpones resuming withdrawals; CEO says they will return “as soon as possible, upon a successful raise” but won't share how much its token has raised  —  Cryptocurrency exchange CoinFlex won't resume withdrawals Thursday as it had planned as it continues to raise funds …
Rita Liao / TechCrunch:
OpenSea warns all its users of email phishing attempts after an employee at email vendor Customer.io downloaded and sent email details to an external party  —  Opensea, the popular NFT marketplace that hit a colossal $13 billion valuation in January, is warning users of email phishing after a data breach.
Joanna Ossinger / Bloomberg:
Bitcoin is on track for its worst quarter since Q3 2011, plunging 58%, after sliding 6%+ to fall below $19,000 on Thursday, the second time in a fortnight  —  Bitcoin is on track for its worst quarter in more than a decade, as more hawkish central banks and a string of high-profile crypto blowups hammer sentiment.
Ari Notis / Kotaku:
Unity lays off “slightly more than 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
Joyce Lee / Reuters:
Samsung becomes the first company to mass produce 3nm chips, beating TSMC, touting up to 45% lower power usage over 5nm chips, 23% more performance, and more  —  Samsung Electronics Co Ltd (005930.KS) said on Thursday it has begun mass producing chips with advanced 3-nanometre technology …
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 app version, saving 4% in fees  —  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 Nellis / Reuters:
Apple's CarPlay update, demoed at WWDC 2022, will let users tap an app to navigate to a pump and buy gas from its dashboard as early as this fall  —  Apple Inc (AAPL.O) wants you to start buying gas directly from your car dashboard as early as this fall, when the newest version …
Karen Weise / New York Times:
Documents show Amazon has restricted 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
Reuters:
An investigation details an Indian hacking-for-hire scheme to obtain documents in legal cases, starting in 2013 and targeting 100+ US and European organizations  —  A trove of thousands of email records uncovered by Reuters reveals Indian cyber mercenaries hacking parties involved …
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.
Wired:
Section 230 is the last line of defense for abortion speech online, 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.
TechCrunch:
Meta says it is rolling out NFT support on Facebook, allowing select US creators to display NFTs on their profiles, after adding the feature to Instagram in May  —  After debuting NFT support on Instagram in May, Meta has launched digital collectibles support on Facebook with select creators.
Tweets: @larakiara
Zeke Faux / Bloomberg:
An in-depth look at the 2016 Bitfinex hack and US government's case against Ilya Lichtenstein and Heather Morgan, aka Razzlekhan, over alleged money laundering  —  The hackers had been inside the Bitfinex servers for weeks before attempting the heist.  They'd watched users on the cryptocurrency exchange buy and sell Bitcoins.
Raffaele Huang / Wall Street Journal:
Sources: Tencent, ByteDance, and others lay off thousands of employees, 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
Financial Times:
An investigation details an operation by Chinese hacking group APT40 to lure graduates who studied English into translating stolen documents via a front company  —  FT investigation reveals student translators were targeted by front company for Beijing-backed hacking group APT40
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 …

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This is a Techmeme archive page. It shows how the site appeared at 2:00 PM ET, June 30, 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

Josh Dickey / The Wrap:
The Onion files an amicus brief with the US Supreme Court in support of Anthony Novak, arrested for his Facebook page parodying an Ohio police department's page

Sara Fischer / Axios:
Memo: executives plan to shift New York Daily News coverage to local content about New York City; a source says the print edition will gain about eight pages

The Guardian:
Guardian US expands its democracy coverage, announces a series called The Fight for Democracy, and names reporter Sam Levine as senior democracy correspondent

More News

Andrew Deck / Rest of World:
Qurium report: 1M+ bots are targeting Iranian #MeToo activists on Instagram in a coordinated harassment campaign using social media marketing firms in Pakistan
Financial Times:
Officials in Zhengzhou, China, used a location-based health code system to prevent protests by forcing 1,000+ depositors of failing rural banks to quarantine

Earlier Picks

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
Moneycontrol:
Sources: Byju's laid off 1,500+ staff from Toppr and WhiteHat Jr, companies it acquired over the past two years, and nearly 1,000 from its core operations teams
Wall Street Journal:
Researchers warn that some businesses exaggerate AI's capabilities, brewing misunderstanding and distorting policymakers' views of AI's power and fallibility
Sam Biddle / The Intercept:
Documents: Coinbase sold its intelligence-gathering tool Coinbase Tracer to ICE, letting the agency track bitcoin, ether, tether, and other crypto transactions
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
Margi Murphy / Bloomberg:
Elliptic: North Korea-backed hacking group Lazarus could be behind Harmony's ~$100M altcoin theft; the hack bore similarities to the $600M Ronin bridge attack
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
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