Techmeme
July 1, 2022, 8:30 AM

Top 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 …
Dan Milmo / The Guardian:
EU agrees on new crypto rules, including measures guarding against market abuse and requiring crypto firms to disclose environmental impact of their assets  —  MiCA law contains measures to guard against market abuse and manipulation  —  The EU has moved to rein in the “wild west” …
Reuters:
Google settles a lawsuit by agreeing in part to pay $90M in a fund to support US app developers who made $2M or less in annual Play Store revenue from 2016-2021  —  Alphabet Inc's (GOOGL.O) Google has agreed to pay $90 million to settle a legal fight with app developers over the money …
Katie Paul / Reuters:
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.
Michael Sheetz / CNBC:
The FCC authorizes SpaceX to provide Starlink satellite internet to vehicles in motion, including commercial airlines, shipping vessels, and trucks  —  - The Federal Communications Commission authorized SpaceX to provide Starlink satellite internet to vehicles in motion, a key step for Elon Musk's company to further expand the service.
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 …
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.
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 …

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Earlier Picks

Danny Nelson / CoinDesk:
Yueqi Yang / Bloomberg:
Bloomberg:
Joanna Ossinger / Bloomberg:
Rita Liao / TechCrunch: