Techmeme
August 8, 2022, 1:45 PM

Top News

Kollen Post / The Block:
The US Treasury sanctions crypto mixing service Tornado Cash and 44 related ETH and USDC wallets, citing their use in high-profile hacks, such as by North Korea  —  - The Treasury is sanctioning DeFi mixing service, Tornado Cash.  — The move is the agency's second sanction of a mixing service.
Carly Page / TechCrunch:
Twilio discloses “unauthorized access” on August 4 by a “sophisticated” unknown actor using an SMS-based phishing attack on staff to gain info on some accounts  —  Communications giant Twilio has confirmed hackers accessed customer data after successfully tricking employees …
Sam Nussey / Reuters:
SoftBank reports a ~$17.23B loss for Vision Fund in Q1 2022, as the value of its tech portfolio fell, including SenseTime and Uber, after a record Q4 2021 loss  —  SoftBank Group Corp (9984.T) on Monday posted a 2.33 trillion yen ($17.23 billion) loss at its Vision Fund unit in the April-June quarter …
Mark Gurman / Bloomberg:
Filings: Apple spent $33M in fiscal 2021 and $169M in 2022 to date on acquisition payments, down from $1.5B in fiscal 2020, as its dealmaking slows dramatically  —  Apple Inc., which used to acquire a company every three or four weeks, has dramatically slowed its dealmaking in the past two years …
Olga Kharif / Bloomberg:
A look at potential Ethereum forks, led by some miners, after the shift to a proof-of-stake model, called the Merge, expected as early as September  —  A monkey wrench is about to be thrown into the already complicated transition that the Ethereum blockchain is slated to go through soon.
Sankalp Phartiyal / Bloomberg:
Sources: India plans to ban Chinese smartphone makers from selling devices for under $150, impacting Xiaomi and others, seeking to boost its domestic industry  —  India seeks to restrict Chinese smartphone makers from selling devices cheaper than 12,000 rupees ($150) to kickstart …
Patrick Coffee / Wall Street Journal:
Lyft forms Lyft Media, helping consolidate and expand its ad offerings, and plans to show more ads inside cars, on its app, and at bike-share stations  —  Through its Lyft Media unit, the ride-hailing company plans to offer more ads inside cars, on its app and at bike-share stations
Patience Haggin / Wall Street Journal:
After the draft ruling reversing Roe, location data company Tapestri says two companies asked to buy device data revealing users who visited abortion clinics  —  Myriad state restrictions on accessing or performing abortions prompt some companies to pledge not to share sensitive mobile-phone data
Jacob Kastrenakes / The Verge:
Google files two lawsuits against Sonos, alleging it infringed on seven patents related to smart speakers and voice control, as part of the long-running dispute  —  After Sonos won in court earlier this year  —  Google is striking back at Sonos with a pair of lawsuits alleging …

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