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July 5, 2022, 2:30 PM
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| Foo Yun Chee / Reuters: |
EU lawmakers pass the Digital Services Act and the Digital Markets Act, seeking to regulate US tech giants, but limited resources could hamstring enforcement — EU lawmakers gave the thumbs up on Tuesday to landmark rules to rein in the power of tech giants such as Alphabet (GOOGL.O) …
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MacRumors, LinkedIn, European Parliament, TechCrunch, Android Authority, SiliconANGLE, Thurrott, Spread Privacy, AppleInsider, The Economic Times, The Platform Law Blog, The Mac Observer, Tech Xplore, iPhone in Canada Blog, Telecoms.com, Silicon Republic, Euractiv, iMore, 9to5Mac, Pocket-lint, ebu.ch, and MacDailyNews
| Munsif Vengattil / Reuters: |
Source: Twitter is seeking to overturn some Indian government content takedown orders through a judicial review, alleging abuse of power by officials — Twitter is seeking to overturn some Indian government orders to take down content, a source familiar with the matter said …
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TechCrunch, New York Times, The Hill, Protocol, The Verge, The Economic Times, Inc42 Media, TechCircle, BGR India, Entrackr, and Financial Times
Tweets: @munsifv, @alfonslopeztena, @iyervval, @sidin, @evianeleidig, @internetfreedom, @avanidias, @carnage4life, @nixxin, and @munsifv
| Cristina Criddle / Financial Times: |
Sources: TikTok abandons plans to expand its TikTok Shop live e-commerce program to Europe and the US, after internal problems and a lack of traction in the UK — Chinese-owned social media platform's foray into livestream shopping in the UK has struggled to gain traction
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Search Engine Land, TechCrunch, Tubefilter, ExchangeWire.com, PYMNTS.com, 9to5Mac, Benzinga, and Newslit Daily
Tweets: @kyurieff, @shaneoleary1, @cristinacriddle, @stokel, @martinsfp, @jerrycap, and @mattnavarra
| Ryan Browne / CNBC: |
Nexo, a crypto lender managing assets for ~4M users, says it's signed a term sheet to buy Vauld, which recently halted withdrawals and manages assets for ~100K — - Nexo has signed a term sheet with Vauld giving it 60 days of exclusive talks to explore an all-equity acquisition of the company.
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The Block, Nexo.io Blog, CoinDesk, Protocol, Crunchbase News, Blockworks, TheStreet, Reuters, Crypto Adventure, CoinGape, CoinDesk, CryptoSlate, Decrypt, Cryptonews, Crypto Briefing, Neowin, and Coinspeaker
Tweets: @grossdm and @ryan_browne_
| Manish Singh / TechCrunch: |
Source:
Vauld Blog. More:
CoinLoan Blog, CoinDesk, Wall Street Journal, TechCircle, The Block, Crypto Briefing, CryptoPotato, Bloomberg, CoinGape, Coinspeaker, Waivly, CoinGeek, CoinQuora, The Block, Micky, PYMNTS.com, CNBC, Crypto Adventure, Newslit Daily, Finextra, CryptoSlate, Entrackr, TechCircle, and CoinGape
| Juro Osawa / The Information: |
Sources: Sequoia Capital China is about to raise $9B for four new funds, above its $8B+ target, the largest amount raised by a single China tech-focused VC firm — Sequoia Capital's Chinese affiliate is about to close $9 billion in fresh capital for four new funds, higher than its original target …
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Financial Times, TechCrunch, Bloomberg, Cointelegraph, Coinspeaker, DealStreetAsia, and Tech in Asia
Tweets: @luke_metro, @amir, @ruima, @ruima, @juroosawa, and @sam_l_shead
| David Pan / Bloomberg: |
Core Scientific, a top bitcoin miner responsible for nearly 10% of the network's hash rate, sold 7,202 mined BTC for $167M in June and now holds 1,959 BTC — Core Scientific Inc., a top crypto miner, sold the bulk of its Bitcoin holdings in June as a steep drop in digital assets squeezes finances for even the leaders of the industry.
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CoinDesk, Business Wire, The Block, CryptoGlobe, and Ethereum World News
| Taylor Nicole Rogers / Financial Times: |
Survey: 25% of Black American investors owned crypto at the start of 2022, compared to 15% of white investors, leaving them vulnerable during the downturn — Higher exposure to digital assets leaves owners vulnerable to downturn — The widespread losses caused by the cryptocurrency crash are even broader among black investors.
Tweets: @fisurgi, @ahcastor, @parismarx, @jathansadowski, @patbits, @financialtimes, @techwontsaveus, @financialtimes, and @davidcrespo
| Lucas Shaw / Bloomberg: |
Netflix, Amazon, Warner Bros., and others cut costs, staff, movies, and TV shows; the industry released 559 scripted shows in 2021, up by 200+ compared to 2013 — The sudden decline in Netflix's share price and the growing fear of a recession have forced Hollywood into a new period of fiscal austerity.
Tweets: @trengriffin, @lucas_shaw, @ampressman, @carnage4life, @trengriffin, and @mattrosoff
| Financial Times: |
China is rapidly censoring news of the alleged Shanghai police database breach exposing 1B+ people's data; WeChat and Weibo appear to be blocking the topic — Purported leak of personal information of more than 1bn people offered for sale for $200,000 — China is rapidly censoring news …
More:
New York Times, Benzinga, Bloomberg, Gizmodo, Associated Press, VICE, and Newser. Tweets: @sam_l_shead
| Sarah Zheng / Bloomberg: |
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Wall Street Journal, Reuters, BleepingComputer, Security Boulevard, TechCrunch, Silicon Republic, Infosecurity, Coinspeaker, Android Authority, ZDNet, TechCircle, The Register, Security Affairs, Crypto Adventure, Engadget, Quartz, Pixel Envy, Asia Links, TechRadar, crypto.news, HackRead, Ethereum World News, CryptoSlate, The Block, PCMag, Cybernews.com, Barron's Online, CoinGape, Another Day in Crypto, and Security in WEB3 Newsletter
Tweets: @cz_binance, @zeyiyang, @_karenhao, @cz_binance, @troyhunt, @johnkoetsier, @carnage4life, @troyhunt, @ctolarsson, @davidpaulk, @ruima, @williamyang120, @jsimanavicius, @_danielsinclair, @isaacstonefish, @pcaversaccio, @cz_binance, @anitaposch, @kendraschaefer, @_karenhao, @_karenhao, @_karenhao, @pingroma, @sam_l_shead, @zeyiyang, and @wublockchain
| Aaron Tilley / Wall Street Journal: |
Synergy Research: Amazon, Microsoft, and Google accounted for 65% of the $53B in global cloud spending in Q1 2022, up from 52% in 2018 — Three companies account for about two-thirds of cloud spending and are using their size to maintain their hold on rapidly growing market| Coco Feng / South China Morning Post: |
Tencent, Baidu, JD.com, and other Chinese tech giants agree to a “self-discipline initiative” for NFTs, including ID checks and avoiding secondary marketplaces — In a new ‘self-discipline initiative’, China's biggest tech firms agreed to enforce real-name authentication …
More:
PingWest, Finbold, Cointelegraph, Decrypt, Benzinga, Bitcoinist.com, and Cryptonews
| Bloomberg: |
How Ukraine's Kyivstar mobile network stays operational during Russia's invasion, despite killed employees, seized infrastructure, and relentless cyberattacks — Employees killed and displaced, infrastructure seized by force and relentless cyberattacks are only a few of the challenges … | Megha Paul / Tech.eu: |
Copenhagen-based Onomondo, which offers a virtualized IoT network integrated with 700+ operators across 180+ countries, raised a $21M Series A led by Verdane — The Danish platform offers interoperable cross-border connectivity and performance management without operator constraints
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TechCrunch, VentureBeat, FinSMEs, Verdane, Silicon Canals, ArcticStartup, and EU-Startups
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