Techmeme
July 5, 2022, 10:45 PM

Top News

Derek B. Johnson / SC Media:
NIST selects four encryption algorithms designed to withstand future quantum computing hacking threats to be part of its post-quantum cryptographic standard  —  For years, the National Institute for Standards and Technology have been working on a project to identify and vet a handful …
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) …
Ryan Browne / CNBC:
Nexo, a crypto lender managing assets for ~4M users, says it signed a term sheet to explore buying Vauld, which 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.
David Pan / Bloomberg:
Core Scientific, a top bitcoin miner with 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.
Bloomberg:
Sources: the US is lobbying the Netherlands to ban ASML from selling some of its older deep ultraviolet lithography systems for chip production to China  —  The US is pushing the Netherlands to ban ASML Holding NV from selling to China mainstream technology essential in making a large chunk …
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 …
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 …
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
Emily Baker-White / Forbes:
The Senate Intelligence Committee asks the FTC to investigate whether TikTok misled lawmakers about China-based ByteDance employees accessing American user data  —  China-based employees at TikTok's parent company, ByteDance, repeatedly accessed sensitive U.S. user data …
Sarah Zheng / Bloomberg:
Aditya Kalra / Reuters:
Sources: India's Enforcement Directorate on Tuesday raided Chinese smartphone maker Vivo's offices as part of an investigation into suspected money laundering  —  India's financial crime-fighting agency on Tuesday raided the offices of smartphone maker Vivo, owned by China's BBK Electronics …
Ingrid Lunden / TechCrunch:
UK signs its first data sharing deal post-Brexit, with South Korea, allowing organizations in the two countries to transfer data without restrictions  —  Six years on from the referendum where the United Kingdom voted to leave the EU, the country is announcing its first international data sharing deal …
More: Reuters and Politico

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More News

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Earlier Picks

Paul MacInnes / The Guardian: