Techmeme
June 1, 2024, 2:50 AM

Top News

Sergiu Gatlan / BleepingComputer:
Researchers say a threat actor claims to have hacked Ticketmaster and Santander using stolen credentials of a Snowflake employee; Snowflake disputes the claims  —  A threat actor claiming recent Santander and Ticketmaster breaches says they stole data after hacking into an employee's account at cloud storage company Snowflake.
Joseph Cox / 404 Media:
Filing: Ticketmaster confirms “unauthorized activity within a third-party cloud database”, after a hacking group advertised alleged data of 560M users for sale  —  Live Nation, the parent company of Ticketmaster, confirmed it found “unauthorized activity” within a cloud database …
Owen Walker / Financial Times:
Hacking group ShinyHunters offers to sell alleged data of Santander staff and 30M customers; Santander warned on May 14 that a database had been compromised  —  ShinyHunters group is advertising data it says includes account details of 30mn customers  —  Hackers are offering to sell …
Sarah Wynn / The Block:
President Biden vetoes a bill overturning SAB 121, a controversial SEC bulletin that establishes accounting standards for companies that custody crypto  —  - U.S. President Joe Biden vetoed a bill to overturn a controversial Securities and Exchange Commission bulletin, SAB 121 …
Brian Fung / CNN:
FCC ends the Affordable Connectivity Program, which helped low-income Americans afford internet service, after the House failed to approve additional funding  —  The Affordable Connectivity Program, which helped low-income Americans get online, is no more.  —  On Friday, the US government announced …
Reuters:
Japanese crypto exchange DMM Bitcoin says it has lost 4,502.9 bitcoin, worth about $308M, in an “unauthorised leak”, and is investigating the incident  —  TOKYO, May 31 (Reuters) - Japan's cryptocurrency exchange DMM Bitcoin said on Friday that it had lost 4,502.9 bitcoin …
Politico:
YC is lobbying in Washington to support “Little Tech” over concerns that AI regulations meant to head off harms will instead help Big Tech maintain its lead  —  Venture capital firms are bringing San Francisco's startup culture to Washington as they try to tip the regulatory scales away from giants in the sector.
Ben Lovejoy / 9to5Mac:
Meta is notifying Instagram and Facebook EU users that it's using their data to train its AI models, and users can opt out, “if your objection is honoured”  —  If you use Instagram or Facebook, Meta is using your data to train its AI models.  The company uses posts as training material for its generative AI systems.
Manish Singh / TechCrunch:
Jio Financial Services, part of Reliance, launches the JioFinance app to provide digital banking, bill payments, and other services in a crowded Indian market  —  Indian conglomerate Reliance Group is making its boldest consumer-facing move yet into financial services with the launch of JioFinance …
Michael Kan / PCMag:
Google plans to disable extensions built with the older Manifest V2 framework on June 3, beginning with users of Chrome's Beta, Dev, and Canary versions  —  The move begins with Chrome beta users on June 3, before a gradual phaseout of ‘Manifest V2’ extensions for all users in the coming months, which could impact uBlock Origin.
Counterpoint Research:
Global foldable phone shipments were up 49% YoY in Q1, marking its highest rate of increase in six quarters; Huawei led with a 35% share, overtaking Samsung  —  - Global foldable smartphone shipments were up 49% YoY in Q1 2024, driven by Huawei, HONOR and Motorola.
Axios:
The US Treasury Department plans to make the IRS' Direct File program permanent from the 2025 tax season and invites all states and Washington DC to participate  —  - Treasury announced earlier this month that more than 140,000 people participated in the Direct File pilot program …
Winston Cho / The Hollywood Reporter:
Startup Fable Studio announces Showrunner, a streaming service that lets users watch AI-generated series and create their own series by writing prompts  —  Fable, the studio behind the viral AI-generated ‘South Park’ clips, has announced a streaming platform that allows users to create their own content.
Emily Nicolle / Bloomberg:
Tether acquires a $100M stake in US-listed bitcoin miner Bitdeer owned by Chinese billionaire Jihan Wu, with an option to buy $50M more in shares within a year  —  - Bitcoin miner is owned by the Chinese billionaire Jihan Wu  — Bitdeer was previously in talks with private credit firms

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More News

Joshua Benton / Nieman Lab:
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Kurt Wagner / Bloomberg:
Paul Sawers / TechCrunch:

Earlier Picks

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Gerrit De Vynck / Washington Post:
Kyle Wiggers / TechCrunch:
Jess Weatherbed / The Verge: