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June 30, 2022, 9:55 PM
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memeorandum
WeSmirchTop News
| Kate Rooney / CNBC: |
Sources: FTX is close to finalizing a term sheet to buy BlockFi for ~$25M and a deal could be signed by July 1; PitchBook: BlockFi was valued at $4.8B in 2021 — - Crypto exchange FTX is close to finalizing a term sheet to buy BlockFi and a deal is expected to be signed by the end of this week …
More:
The Block, CoinDesk, Blockworks, SiliconANGLE, Web3 is going just great, Finextra, Decrypt, Bloomberg, New York Post, Ethereum World News, CryptoGlobe, beToken my Friend ES, Crypto Briefing, Simply Bitcoin Unfiltered, 0xSnak3, Fortune, Benzinga, NewsBTC, Protocol, beToken my Friend EN, CryptoSlate, Cointelegraph, Attack of the 50 Foot …, and Coinspeaker
Tweets: @blockfizac, @danprimack, @tier10k, @stonks_dot_com, @lopp, @intangiblecoins, @jenndefer, @kylesamani, @followtheh, @chatwithcharles, @zguz, @epsilontheory, @adamscochran, @adamscochran, @qwqiao, @iamlluciana, @altcoinsherpa, @lookner, @sgbarbour, @ledgerstatus, @defimafia_, @0xfoobar, @route2fi, @0xsisyphus, @howardlindzon, @twicrates, @autismcapital, @dcsilver, @tier10k, @autismcapital, @kadhim, @coinbureau, @kylesamani, @hellspawncrypto, @caspiancey, @davidbelle_, @chainlinkgod, @skesslr, @loopifyyy, @laurashin, @dystopiabreaker, @seyitaylor, @covered_call, @jseyff, @coryklippsten, @jreem, @twobitidiot, @theskyhopper, @tuurdemeester, @riddle245, and @ryanwatkins_. Thanks:@mattrosoff
| 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.
More:
CoinDesk, Bloomberg, crypto.news, Coinspeaker, SiliconANGLE, Ethereum World News, PYMNTS.com, and Benzinga
| Bloomberg: |
Filing: ex-Apple retail chief Ron Johnson's at-home tech setup company Enjoy files for bankruptcy, less than a year after its SPAC merger, and sells to Asurion — Enjoy Technology Inc., a retail startup founded by former Apple Inc. executive Ron Johnson, filed for bankruptcy on Thursday …
More:
The Verge, CNBC, Reuters, Investor's Business Daily, PhoneArena, iMore, Crunchbase News, Wccftech, MacDailyNews, SPACInsider, and MacRumors
| Jonathan Stempel / Reuters: |
Gene Levoff, a former lawyer at Apple, pleads guilty to insider trading; he allegedly traded ahead of quarterly earnings from 2011 to 2016 and was fired in 2018 — The former top corporate lawyer at Apple Inc (AAPL.O) pleaded guilty on Thursday to insider trading charges … | Mitchell Clark / The Verge: |
Raspberry Pi announces the Pico W, a $6 microcontroller equipped with an 802.11n Wi-Fi radio, powered by an Infineon CYW43439 chip with Bluetooth disabled — It's the Pico, but it knows about the network — Raspberry Pi has introduced a successor to last year's Pico …
More:
Raspberry Pi, PCMag, TechEBlog, Tom's Hardware, SlashGear, Liliputing, TechPowerUp, and TechCrunch
Tweets: @raspberry_pi and @papapishu
| Katie Paul / Reuters: |
Internal memo: Meta Chief Product Officer Chris Cox expects “slower growth” in H2 2022 and “teams should not expect vast influxes of new engineers and budgets” — (Reuters) - Facebook-owner Meta Platforms Inc is bracing for a leaner second half of the year …
More:
Big Technology, The Register, Insider, and CNBC
| 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 … | Jon Porter / The Verge: |
Google updates its built-in password manager for Chrome and Android with the option to manually add passwords across all platforms, a unified design, and more — A ‘simplified and unified management experience’ is also on the way — Google is updating its built-in password manager … | 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.
More:
Barron's Online, The Information, BNN, and CoinDesk
Tweets: @saylor, @watcherguru, @layahheilpern, @cz_binance, @grady_booch, and @ercwl
| 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 …
More:
CNBC, CoinFLEX, Fortune, The Block, Insider, Inside Bitcoins, and CryptoSlate
Tweets: @tier10k, @wallstreetsilv, @thomastthai, @gmorton512, @arjunkharpal, and @caseynewton
| Kyle Wiggers / TechCrunch: |
April, which personalizes and autofills tax filings by using AI to analyze tax code, raised a $30M Series A led by Treasury, bringing its total funding to $40M — Most Americans dread doing their taxes. Surveys show as much. But as many as 40% rely on money from tax refunds to satisfy some financial obligation.
More:
FinSMEs and PR Newswire
| Brody Ford / Bloomberg: |
Zoom is returning to its business software roots to revive growth, after two years of trying to monetize consumers, many of whom stick with free 40-minute calls — Zoom Video Communications Inc. is navigating life after the pandemic by acting like the past two years never happened.
Tweets: @sarahfrier and @quinnypig
| Danny Nelson / CoinDesk: |
CFTC charges South Africa-based bitcoin pool operator Mirror Trading International with a $1.7B fraud, in its “largest ever fraud scheme case involving bitcoin” — MTI's self-described CEO was recently detained in Brazil on an Interpol warrant, the regulator said.
More:
CFTC, The Block, Decrypt, Reuters, CFTC, PYMNTS.com, Blockworks, Cointelegraph, and Crowdfund Insider
| Maria Heeter / The Information: |
Source: eToro and the SPAC company that agreed to take it public are planning to let the June 30 deadline for their merger pass without closing the deal — Online brokerage EToro and the special purpose acquisition company that agreed to take it public are planning to let the deadline … | TechCrunch: |
Meta rolls out NFT support on Facebook, letting select US creators display NFTs under a new tab on their profiles, after adding support to Instagram in May 2022 — After debuting NFT support on Instagram in May, Meta has launched digital collectibles support on Facebook with select creators.
More:
Decrypt, Social Media Today, and Cointelegraph
Tweets: @iftikharpost, @martinsfp, @larakiara, and @paul_reviews
| 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.
Source:
Apple Developer. More:
The Verge, MacStories, MacRumors, Neowin, Philip Elmer‑DeWitt, iPhone in Canada Blog, CNBC, The Mac Observer, Michael Tsai, PYMNTS.com, iPhone Hacks, Protocol, and iMore
| 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 …
More:
The Keyword, Dark Reading, and Tech Monitor
Tweets: @razhael, @reuters, @razhael, @msuiche, @josephmenn, @howelloneill, @iblametom, @shanehuntley, @shanehuntley, @feikehacquebord, @shashj, @billyleonard, and @razhael
| Tim Bradshaw / Financial Times: |
As avatars for metaverse applications grow in popularity, a look at Understanding Comics, a 30-year-old illustrated lecture considered an avatar design bible — First published 30 years ago, Scott McCloud's Understanding Comics is the definitive comic book about comic books.| 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 … | Manya Saini / Reuters: |
Short-form video app Triller confidentially files for a US IPO, after ending its $5B merger with video ad software provider SeaChange on June 14 — Short video app Triller Inc has confidentially filed paperwork for an initial public offering of its class A common stock with the U.S. Securities …
| Aisha Malik / TechCrunch: |
Meta says Instagram is testing a change that turns video posts into Reels with select users, as part of efforts to “simplify and improve the video experience” — Instagram is testing a change that turns video posts into Reels, the company confirmed to TechCrunch.
More:
Gizmodo. Tweets: @mattnavarra, @michaelmiraflor, @michaelmiraflor, @jeeveswilliams, @kantrowitz, @ruebeshbhai, @bookseeb_, @officalratskinz, @christinasbg, @justin_ling, @seyitaylor, and @daveleeft
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