Techmeme
July 7, 2022, 8:30 PM

Top News

Washington Post:
Sources: Elon Musk's deal to buy Twitter is in serious jeopardy as his team concluded that spam account figures aren't verifiable using Twitter's data firehose  —  Talks with investors have cooled in recent weeks and Musk's camp believes it can't confirm Twitter's claims about spam accounts
Adi Robertson / The Verge:
Meta plans to stop requiring Facebook IDs to log into Quest devices starting in August 2022 and will roll out “Meta accounts” for new and existing Quest users  —  They'll require a Meta account instead  —  Meta is introducing a new account system for its virtual reality headsets …
Immanual John Milton / Bloomberg:
Glassnode: bitcoin blockchain activity has dropped 13% from November 2021 to July 2022; balances at exchanges are down 20%+ from a January 20 peak  —  As the crypto winter deepens, only the staunchest Bitcoin investors are still holding onto their tokens — but not on the exchanges.
Tom Warren / The Verge:
Twitter starts testing a CoTweets feature that lets two accounts co-author a tweet, with both accounts tagged in a single tweet, an idea it explored in March  —  Twitter says it's testing CoTweets for a limited time  —  Twitter has started testing a new CoTweets feature this week with users of the social network.
Ivan Mehta / TechCrunch:
Reddit launches an NFT-based avatar marketplace with 90 profile pictures available for purchase at a fixed price, expanding on support for Ethereum-based NFTs  —  Reddit is launching a new NFT-based avatar marketplace today that allows you to purchase blockchain-based profile pictures for a fixed rate.
Sergiu Gatlan / BleepingComputer:
In a joint advisory, the FBI, CISA, and the US Treasury Department warn North Korea-backed hackers are using Maui ransomware to attack healthcare organizations  —  The FBI, CISA, and the U.S. Treasury Department issued today a joint advisory warning of North-Korean-backed threat actors using Maui ransomware …
CNBC:
GameStop fires CFO Mike Recupero and is laying off staff across departments; a source says chairman Ryan Cohen pushed out Recupero  —  - GameStop has fired its Chief Financial Officer, Mike Recupero.  — It's making staff cuts across departments as part of an effort to turn around the videogame retailer.
Benjamin Pimentel / Protocol:
Binance.US names ex-Acorns CFO and COO Jasmine Lee as its CFO, as the company prepares for an IPO in the next two to three years  —  Binance.US has named a new CFO, sending a strong signal that the crypto company is gearing up to go public.  Jasmine Lee, who previously served as CFO …
Max Colchester / Wall Street Journal:
The FBI and MI5 issue a rare joint statement warning tech companies of China's large-scale state-sponsored hacking and a global network of agents to steal IP  —  Officials say Beijing employs large-scale hacking and global network of agents to steal Western technology; U.S. also warns about efforts to influence policy-making
Kyle Wiggers / TechCrunch:
Traba, a jobs board for workers to find shifts at fulfillment centers and event venues, has raised a $20M Series A led by Khosla at a $120M post-money valuation  —  Traba, a jobs board designed to help entry-level workers find available shifts at fulfillment centers and event venues …
Corin Faife / The Verge:
CertiK: Web3 projects lost $2B+ to hacks and exploits in H1 2022, more than all of 2021 combined; $308M was lost across 27 flash loan attacks in Q2 2022  —  A new report from CertiK flags major losses and a growing threat from flash loan attacks  —  In the first six months of 2022 …
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