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August 3, 2022, 11:55 AM
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WeSmirchTop News
| Jason Nelson / Decrypt: |
An unknown attacker has been emptying Solana and USDC wallets; Solscan says over 15,000 wallets have been affected, draining $4.46M, primarily in SOL and USDC — An unknown attacker drained thousands of wallets containing at least $4 million worth of Solana and USDC late Tuesday night.
More:
CoinDesk, BleepingComputer, The Block, The Block, Bloomberg, CyberScoop, Web3 is going just great, NBC News, Elliptic Connect, Metaverse Post, Engadget, PYMNTS.com, CoinGape, Fortune, CNBC, Financial Times, Bitcoin News, The Verge, web3lunch, Crypto Conquistador, Cryptonews, Cointelegraph, ZyCrypto, and CoinDesk
Tweets: @0xfoobar, @phantom, @solanastatus, @peckshieldalert, @magiceden, @solanastatus, @aeyakovenko, @solporttom, @sandeepnailwal, @solanastatus, @milesdeutscher, @cz_binance, @solanastatus, @justinbarlow, @solanastatus, @caspiancey, @silvermanjacob, @lyu_johnny, @officer_cia, @aeyakovenko, @stevekovach, @nftpeasant, @justin_bons, @coinbureau, @liron, @hosseeb, @buccocapital, @justinsuntron, @top7ico, @mattdesl, @matthew_d_green, @justinbarlow, @naeper, @silvermanjacob, @web3isgreat, @solbigbrain, and @thisisnuse
| Brian Newar / Cointelegraph: |
More:
Chainalysis, The Block, BestBrokers.com, Protos, Web3 Digest, SecurityWeek, Coinpedia, CertiK Blockchain …, SC Media, and CoinDesk
| Caitlin McCabe / Wall Street Journal: |
Robinhood plans to cut its headcount by ~23% over “additional deterioration of the macro environment”, after laying off ~9% of full-time employees in April 2022 — The job cuts mark the second round of layoffs for the online brokerage, which exploded in popularity during the Covid-19 pandemic
Source:
Under the Hood. More:
New York Times, Mercury News, Newslit Daily, Decrypt, AltFi, Crypto Daily, Fortune, Crypto Briefing, Global Nerdy, Watcher Guru, and The Guardian
Tweets: @ronlieber, @menlobear, @michelezanini, @ahcastor, @carnage4life, @steveclapham, @seldo, @bullandbaird, @rmac18, @seldo, @quinnypig, and @carlquintanilla
| Ashley Capoot / CNBC: |
More:
Robinhood - Investor Relations, CryptoPotato, TechSpot, Cointelegraph, and The Verge
Tweets: @carnage4life, @karaswisher, and @chriskeall
| Jessica Klein / Input: |
An interview with Bored Ape Yacht Club creators Greg Solano and Wylie Aronow on BuzzFeed “doxxing” them, Yuga Labs, the future of BAYC, Otherside, and more — The evening of February 4, business partners Greg Solano, 33, and Wylie Aronow, 35, were at their respective homes …
More:
BanklessDAO Italia. Tweets: @nickchilds, @inputmag, @taylorlorenz, @ethangach, @jiwilde, @inputmag, @markyarm, and @inputmag
| Thomas Seal / Bloomberg: |
Textbook publisher Pearson plans to turn its e-books into NFTs so the company can profit from secondhand sales — The chief executive officer of Pearson Plc, one of the world's largest textbook publishers, said he hopes technology like non-fungible tokens and the blockchain could help …
More:
The Guardian, Telegraph, Cointelegraph, and Cryptoflies
| Nikkei Asia: |
US House Speaker Nancy Pelosi meets with TSMC chairman Mark Liu and others to discuss implementation of the Chips and Science Act during her Taiwan visit — TAIPEI — U.S. House Speaker Nancy Pelosi met with Taiwan's most important chip industry leaders in Taipei on Wednesday as part …
More:
Reuters, Reuters, 9to5Mac, Bloomberg, Washington Post, Clandestine's Newsletter, Bloomberg, Wall Street Journal, Fortune, TechNode, Reuters, DigiTimes, and Qlobal-Change
Tweets: @jchengwsj, @speakerpelosi, @speakerpelosi, @akinunver, @business, @pelositracker_, and @silvermanjacob
| Financial Times: |
More:
Tom's Hardware, Stratechery, The Economic Times, Technopolitik, and Silicon Republic
Tweets: @muradahmed, @leilamechoui, @chinabeigebook, and @nikkeiasia
| Takashi Mochizuki / Bloomberg: |
Nintendo misses with Q1 sales down 4.7% YoY to ~$2.3B and operating profit down 15.1% YoY to ~$763M; Switch sales fell 22.9% YoY to 3.43M — Nintendo Co. reported worse-than-expected first-quarter earnings on Wednesday as a weaker yen failed to offset declining hardware and software sales.
Source:
Nintendo Investor Relations. More:
Game Developer, Thurrott, VentureBeat, Engadget, GamesIndustry.biz, VentureBeat, Wccftech, Agence France-Presse, Video Games Chronicle, Reuters, Lil Durk, and iMore
Tweets: @6d6f636869 and @mattsainsb
| Ingrid Lunden / TechCrunch: |
Thoma Bravo plans to acquire enterprise identity management service Ping Identity in an all-cash $2.8B deal; Ping reported $72M in Q2 revenue, below estimates — After a tough few months in the markets for Ping Identity, the enterprise identity management company today announced a big move …
More:
Ping Identity Corp., HealthcareInfoSecurity.com, Reuters, MarketScreener, Barron's Online, and SecurityWeek. Thanks:@ingridlunden
| Jamie Crawley / CoinDesk: |
Chiliz, which owns digital fan token service Socios, buys a 24.5% stake in soccer club Barcelona's Barça Studios for $100M and will help expand Web3 offerings — Chiliz has acquired a 24.5% stake in Barca Studios, the Spanish soccer giant's digital-content creation arm.
More:
Socios.com, FC Barcelona, Decrypt, Channel NewsAsia, BeInCrypto, Bitcoin News, ESPN.com, and Bitcoinist.com
Tweets: @fcbarcelona, @josephmdurso, @josephmdurso, @graemebailey, @samuelmarsden, @socios, @josephmdurso, @wublockchain, @socios, and @uglygame
| Kate Kaye / Protocol: |
Due to concerns over cloud computing costs, some companies are shifting their data and ML models to on-premises servers and investing in hybrid infrastructure — A quick-service restaurant chain is running its AI models on machines inside its stores to localize delivery logistics.
Tweets: @tariqkrim and @counternotions
| Sarah Perez / TechCrunch: |
Match Group says Tinder CEO Renate Nyborg is leaving after less than a year, reorganizes the app's management team, and ends Tinder's crypto and metaverse plans — Dating giant Match Group announced a series of changes to Tinder's management team alongside the announcement of disappointing second-quarter earnings on Tuesday.
More:
Reuters, MarketWatch, Engadget, The Guardian, CNBC, Lil Durk, BBC, ExchangeWire.com, The Economic Times, and Cryptonews
Tweets: @jbursz, @sameepa, @mrinaldesai, and @mikebutcher
| Prarthana Prakash / Bloomberg: |
More:
Match Group, Barron's Online, TechCircle, and Wall Street Journal
Tweets: @martinsfp, @carnage4life, and @jbursz
| Adam Morgan McCarthy / The Block: |
MicroStrategy CEO Michael Saylor steps down and takes executive chairman role “to focus more on our bitcoin acquisition strategy”; president Phong Le named CEO — - Michael Saylor is set to step down from his role as CEO and become an executive chairman.
More:
Bloomberg, MicroStrategy, Yahoo Finance, The Block, Bloomberg, CoinDesk, Finbold, Web3 is going just great, Crowdfund Insider, Coinspeaker, Cryptonews, and Blockworks
Tweets: @frances_coppola, @saylor, @saylor, @web3isgreat, @saylor, @mayhem4markets, @moonlamboio, @carnage4life, @concodanomics, @caspiancey, @dennis_porter_, @concodanomics, @grady_booch, @wublockchain, @cnbcjou, @cryptowhale, @carnage4life, @johnreedstark, @degentraland, @udiwertheimer, @ahcastor, @autismcapital, @garyblack00, @digitalassetbuy, @dylanleclair_, @concodanomics, and @kenziesigalos
| Financial Times: |
Source: Meta Global Affairs President Nick Clegg is partly relocating to London for personal reasons, splitting his schedule between California and the UK — Global affairs chief will split his time between UK and California as social media group embraces remote leadership
More:
Bloomberg, The Guardian, The Guardian, Daily Mail, Fortune, and Social Media Today
Tweets: @henrymance, @muradahmed, @aulia, and @daaronovitch
| Manish Singh / TechCrunch: |
India's government withdraws its long-awaited Personal Data Protection Bill, criticized by privacy advocates and tech giants, and will focus on a new framework — The Indian government is withdrawing its long-awaited Personal Data Protection Bill that drew scrutiny from several privacy advocates …
More:
The Economic Times, Bloomberg, Reuters, Reuters, Access Now, and The Indian Express
| Bloomberg: |
Sources: White House antitrust adviser Tim Wu plans to leave in the coming months and return to Columbia Law School; Wu helped develop Biden's EO on competition — White House adviser Tim Wu, who worked to shape the Biden administration's agenda to increase economic competition … | Natasha Mascarenhas / TechCrunch: |
Y Combinator shrinks its Summer cohort to nearly 250 companies, down 40% from 414 in its Winter cohort, due to the downturn in the economy and VC environment — Technically, the accelerator is more exclusive now — Y Combinator says it has intentionally shrunk the number of startups within its accelerator for the Summer 2022 batch.
More:
The Information, The Economic Times, and Tech in Asia
Tweets: @nmasc_, @nmasc_, @brianroemmele, @robustus, and @ulonnaya
| Sam Rutherford / Engadget: |
OnePlus 10T review, unveiled today for $649: Snapdragon 8+ Gen 1 and wired charging are fast, but water resistance is weak and the 2MP macro camera is pointless — When OnePlus does a mid-year refresh of its phones, typically you end up with a slightly snappier device with a handful of slight refinements.
More:
XDA Developers, The Verge, 9to5Google, CNET, The Verge, XDA Developers, XDA Developers, XDA Developers, TechCrunch, ZDNet, 9to5Google, Wired, and YouTube
| Tom Warren / The Verge: |
NPD Group: US consumer spending on video game products fell 13% YoY to $12.35B in Q2 2022; non-mobile subscription content was Q2's only segment that saw growth — The video game industry growth has slowed down — US consumer spending on video game products has fallen by $1.78 billion in Q2, according to market research firm NPD.
Source:
NPD Group. More:
KnowTechie, The Shortcut, Metro.co.uk, Dot Esports, and b'dot.LA'
Tweets: @matpiscatella, @benjisales, @bahlivern, @boundarybreak, @necksplitter, @mavriqgg, @paultassi, @zeuslfc, @legacykillahd, and @tomwarren
| Kate Beioley / Financial Times: |
In a U-turn, the UK's CMA provisionally agrees to the $8B merger between Avast and NortonLifeLock, citing “significant competition” from McAfee and others — Avast shares rise more than 40% after CMA provisionally agrees $8bn merger with US rival
More:
GOV.UK, Silicon Republic, TechCrunch, The Register, Neowin, Bloomberg, and SecurityWeek
| Zhiyuan Sun / Cointelegraph: |
Nansen: users spent ~$2.7B worth of ether to mint NFTs in H1 2022; 50.7% of the ETH raised stayed with the NFT projects and 45.7% went to non-entity wallets — Over 1 million unique wallet addresses were involved in the minting process, signaling that nonfungible token market activity remained strong.| Tom Warren / The Verge: |
Amazon launches its Luna game streaming service on Samsung's 2022 smart TVs and monitors as part of the Samsung Gaming Hub — Luna joins Stadia, GeForce Now, and Xbox Cloud Gaming in the Samsung Gaming Hub — Amazon's game streaming service, Luna, is launching on Samsung's 2022 smart TVs and monitors today.
More:
9to5Google and Android Central
| Saritha Rai / Bloomberg: |
Internal memo: Zomato appoints four CEOs to lead each of its key business units Zomato, Blinkit, Hyperpure, and Feeding India and plans to rename itself Eternal — Zomato Ltd., the Indian food-delivery company that went public last year, is appointing chief executive officers to lead …
More:
Moneycontrol, Reuters, The Economic Times, Business Today, MediaNama, Telegraph India, The New Indian Express, Entrackr, and Livemint
Tweets: @ron_miller, @johnreddyk, @chandrarsrikant, and @sub8u
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