Techmeme
July 1, 2022, 10:55 AM

Top News

Dan Milmo / The Guardian:
The EU agrees on new crypto rules, including measures guarding against market abuse and requiring crypto firms to disclose environmental impacts of their assets  —  MiCA law contains measures to guard against market abuse and manipulation  —  The EU has moved to rein in the “wild west” …
Michael Sheetz / CNBC:
The FCC authorizes SpaceX to provide Starlink satellite internet to vehicles in motion, including commercial airlines, shipping vessels, semitrucks, and RVs  —  - The Federal Communications Commission authorized SpaceX to provide Starlink satellite internet to vehicles in motion …
Reuters:
Google settles a lawsuit by agreeing in part to put $90M in a fund for US app developers who made $2M or less in annual Play Store revenue from 2016 to 2021  —  Alphabet Inc's (GOOGL.O) Google has agreed to pay $90 million to settle a legal fight with app developers over the money …
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 …
Sergiu Gatlan / BleepingComputer:
Kaspersky researchers discovered malware used in the wild since March 2021 to backdoor Microsoft Exchange servers of government and military orgs worldwide  —  Attackers used a newly discovered malware to backdoor Microsoft Exchange servers belonging to government and military organizations from Europe …
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 …
New York Times:
Netflix execs say they plan no big programming changes; analysts for two banks say a cheaper ad-supported tier may cannibalize the higher-paying subscriber base  —  Long Hollywood's leading innovator, the streaming service is staying the course, despite serious challenges to its business and questions about its content.
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.
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 …
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.

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