Techmeme
July 6, 2022, 11:10 AM

Top News

CoinDesk:
Toronto-based crypto lender Voyager Digital files for Chapter 11 bankruptcy protection in New York, estimating it has 100,000+ creditors and $1B-$10B in assets  —  The Toronto-based lender filed for Chapter 11 bankruptcy in New York late Tuesday.  —  Crypto lender Voyager Digital filed …
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.
Bloomberg:
Sources: the US is lobbying the Netherlands to ban ASML from selling its older deep ultraviolet lithography systems for making less-advanced chips 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 …
Ingrid Lunden / TechCrunch:
Amazon partners with Just Eat Takeaway to offer a free one-year Grubhub+ subscription to Prime members in the US; Amazon also receives equity in Grubhub  —  Amazon tried but then ultimately stepped away from building its own cost-intensive Grubhub and DoorDash competitor in the U.S. back in 2019.
Javier Espinoza / Financial Times:
Sources: Amazon will share more data with rivals and offer buyers a wider choice of products to assuage EU antitrust regulators, ending two high-profile probes  —  Agreement set to give more information to online platform's third-party sellers and close two probes
Sky News:
The UK's CMA opens an investigation into whether Amazon distorts competition by favoring its own retail business or sellers that use its Prime services  —  Amazon is being investigated by Britain's antitrust watchdog over concerns that some of its practices in the UK may be anticompetitive and result in a worse deal for customers.
Ryan Weeks / The Block:
Sources: a senior Axie Infinity engineer was duped by a fake LinkedIn job ad before downloading a PDF containing spyware, leading to the $600M+ Ronin hack  —  - Hackers duped a senior engineer at Axie Infinity into applying for a job at a fictitious company.
Ryan Browne / CNBC:
The UK's CMA opens an antitrust investigation into Microsoft's proposed Activision Blizzard acquisition, setting a September 1 deadline for its initial decision  —  - It marks one of the first probes by a major antitrust enforcer into the $68.7 billion deal, which was announced in January.
Derek B. Johnson / SC Media:
NIST selects four encryption algorithms designed to withstand future quantum computing hacking threats and underpin its future cryptography standards by 2024  —  For years, the National Institute for Standards and Technology have been working on a project to identify and vet a handful …
Leah Nylen / Bloomberg:
The DOJ hires former Microsoft chief economist Susan Athey as its top antitrust economist; sources say Athey will likely be recused from Apple and Google cases  —  Susan Athey, a Stanford University professor and former chief economist at Microsoft Corp., is joining the Justice Department as its top antitrust economist.
Yueqi Yang / Bloomberg:
Crypto exchange Bitstamp plans to charge a monthly €10 fee for non-US accounts that are inactive for one year with a balance below €200, starting on August 1  —  Crypto exchange Bitstamp plans to charge a monthly “inactivity fee” for certain users, as the market downturn weighs on trading volume in the industry.
Dan Milmo / The Guardian:
The UK proposes an Online Safety Bill amendment forcing tech companies to remove CSAM or Ofcom will fine them up to £18M or 10% of their annual turnover  —  Amendment to online safety bill would require tech firms to make their ‘best endeavours’ to deploy new technology
Foo Yun Chee / Reuters:

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