| 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.| Wall Street Journal: |
A profile of Celsius CEO Alex Mashinsky, as the company goes bankrupt; sources say he is a brash entrepreneur with a history of unhappy investors and colleagues — Entrepreneur proposed a stream of moonshot ideas in different industries over many years—and frequently left a string of unhappy colleagues and investors| 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 … | Jack Stebbins / CNBC: |
Apptopia: Netflix's games have 23.3M total downloads and average 1.7M DAUs, less than 1% of its subscribers; Netflix plans to reach 50 games by the end of 2022 — - Netflix plans to expand its video game catalog from 24 to 50 by year-end, marking a significant investment.| 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| Kevin McLaughlin / The Information: |
Sources: DataRobot's CFO and several other execs have resigned after CEO Dan Wright's resignation last month, amid an uproar over execs' quiet stock sales — The chief financial officer and several other senior executives at artificial intelligence startup DataRobot have resigned … | 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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