Techmeme
August 8, 2022, 7:40 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 …
Jack Stebbins / CNBC:
Apptopia: Netflix's games have 23.3M downloads and average 1.7M DAUs, under 1% of Netflix's 221M subscribers; Netflix plans to have 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.
Ashley Capoot / CNBC:
Nvidia reports Q2 preliminary earnings, showing $6.7B revenue, down 19% from Q1 and below its $8.1B guidance, driven by weaker gaming revenue; stock drops 6.3%  —  - Nvidia shares dipped Monday after the company released preliminary earnings that show early second-quarter revenue of $6.7 billion, well below its outlook of $8.1 billion.
Kate Park / TechCrunch:
Crypto.com says it has secured registrations to operate as a virtual asset service provider in South Korea, acquires two local startups for undisclosed amounts  —  Singapore-based cryptocurrency platform Crypto.com has acquired two startups in South Korea — payment service provider PnLink …
Chance Miller / 9to5Mac:
iOS 16 beta 5 adds an option to show the battery percentage in the status bar on some iPhones, after Apple removed it for notched models at the iPhone X's debut  —  The battery percentage has finally been added back to the status bar with today's release of iOS 16 beta 5.
Olga Kharif / Bloomberg:
A look at potential Ethereum forks, led by some miners, who face grim prospects after the Merge to a proof-of-stake model that's 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.
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 2020, a dramatic slowdown in its dealmaking  —  Apple Inc., which used to acquire a company every three or four weeks, has dramatically slowed its dealmaking in the past two years …
Sankalp Phartiyal / Bloomberg:
Sources: India plans to restrict Chinese smartphone makers from selling devices below ~$150 to boost its domestic industry, impacting Xiaomi, Realme, and others  —  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, a business unit to consolidate and expand its ad offerings, and plans to show more ads in 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

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