How El Salvador President Nayib Bukele weaponized bitcoin to whitewash his government’s growing authoritarianism on the world stage and spread local propaganda (Nelson Rauda Zablah/New York Times)

Nelson Rauda Zablah / New York Times: How El Salvador President Nayib Bukele weaponized bitcoin to whitewash his government’s growing authoritarianism on the world stage and spread local propaganda  —  SAN SALVADOR — Bitcoiners — enthusiasts of the world’s most popular cryptocurrency — aren’t supposed to trust government.

HackerOne says an employee stole vulnerability reports submitted through its bug bounty platform and disclosed them to seven companies for financial rewards (Ionut Ilascu/BleepingComputer)

Ionut Ilascu / BleepingComputer: HackerOne says an employee stole vulnerability reports submitted through its bug bounty platform and disclosed them to seven companies for financial rewards  —  A HackerOne employee stole vulnerability reports submitted through the bug bounty platform and disclosed them to affected customers to claim financial rewards.

RadioShack, purchased by private equity firm REV in 2020, reintroduces itself as a crypto exchange trying to attract users with a stream of often profane tweets (Yiwen Lu/Washington Post)

Yiwen Lu / Washington Post: RadioShack, purchased by private equity firm REV in 2020, reintroduces itself as a crypto exchange trying to attract users with a stream of often profane tweets  —  Gen Z may not be familiar with the RadioShack of their grandparents, but they’re getting to know its replacement.

After 3AC’s collapse, centralized lenders with 3AC exposure had failed, while their decentralized counterparts liquidated collateral and continued operating (Arthur Hayes/Entrepreneur’s Handbook)

Arthur Hayes / Entrepreneur’s Handbook: After 3AC’s collapse, centralized lenders with 3AC exposure had failed, while their decentralized counterparts liquidated collateral and continued operating  —  This current crypto nuclear bear market marks my third brush with generalised market carnage.  And while they can sometimes feel like reruns …

PolySign, which provides blockchain-enabled digital asset infrastructure for institutional investors, has raised a $53M Series C from Cowen Digital and others (Cameron Thompson/CoinDesk)

Cameron Thompson / CoinDesk: PolySign, which provides blockchain-enabled digital asset infrastructure for institutional investors, has raised a $53M Series C from Cowen Digital and others  —  The funding round follows the firm’s acquisition of fund administrator MG Stover in April.  —  Blockchain fintech firm PolySign …

Sources: at least 24 Azure data centers are operating with limited server capacity amid the global chip shortage that has made it harder to get new hardware (Kevin McLaughlin/The Information)

Kevin McLaughlin / The Information: Sources: at least 24 Azure data centers are operating with limited server capacity amid the global chip shortage that has made it harder to get new hardware  —  In March 2020, Microsoft’s Azure cloud buckled under the strain of companies around the world shifting to remote work …

IDC: global shipments for VR headsets jumped 241.6% during Q1 2022, with Meta capturing 90% of market share thanks to its Quest 2 headset (The Economic Times)

The Economic Times: IDC: global shipments for VR headsets jumped 241.6% during Q1 2022, with Meta capturing 90% of market share thanks to its Quest 2 headset  —  Meta (formerly Facebook) which has 90% share in the virtual reality (VR) headset market is set for some tough challenge and all eyes will be on Apple […]

Three Arrows Capital files for Chapter 15 bankruptcy, a move that protects its US assets while a liquidation is carried out in the British Virgin Islands (Jeremy Hill/Bloomberg)

Jeremy Hill / Bloomberg: Three Arrows Capital files for Chapter 15 bankruptcy, a move that protects its US assets while a liquidation is carried out in the British Virgin Islands  —  Crypto hedge fund Three Arrows Capital has filed for Chapter 15 bankruptcy, a move that protects its US assets while a liquidation is carried […]

Meta will shut down Novi, its digital wallet pilot, on September 1; users will no longer be able to add money to their accounts starting July 21 (Olga Kharif/Bloomberg)

Olga Kharif / Bloomberg: Meta will shut down Novi, its digital wallet pilot, on September 1; users will no longer be able to add money to their accounts starting July 21  —  The remainder of the cryptocurrency project that Meta Platforms Inc.’s Founder Mark Zuckerberg took a beating over from Congress is officially shutting down.

Over 10 Chinese entities establish open-source code community, “openKylin”, to develop a homegrown desktop OS amid efforts to cut reliance on Windows and macOS (Che Pan/South China Morning Post)

Che Pan / South China Morning Post: Over 10 Chinese entities establish open-source code community, “openKylin”, to develop a homegrown desktop OS amid efforts to cut reliance on Windows and macOS  —  The city has matured considerably despite being new to governing itself following the handover in 1997.

EU agrees on new crypto rules, including measures guarding against market abuse and requiring crypto firms to disclose environmental impact of their assets (Dan Milmo/The Guardian)

Dan Milmo / The Guardian: EU agrees on new crypto rules, including measures guarding against market abuse and requiring crypto firms to disclose environmental impact of their assets  —  MiCA law contains measures to guard against market abuse and manipulation  —  The EU has moved to rein in the “wild west” …

New York-based Tomorrow Health, whose data-driven marketplace matches patients with home-based care suppliers, has raised a $60M Series B led by BOND (Katie Adams/MedCity News)

Katie Adams / MedCity News: New York-based Tomorrow Health, whose data-driven marketplace matches patients with home-based care suppliers, has raised a $60M Series B led by BOND  —  Tomorrow Health — a platform that makes it easier for patients, providers and payers to coordinate home-based care …

Short-form video app Triller confidentially files for a US IPO, after ending its $5B merger with video ad software provider SeaChange on June 14 (Manya Saini/Reuters)

Manya Saini / Reuters: Short-form video app Triller confidentially files for a US IPO, after ending its $5B merger with video ad software provider SeaChange on June 14  —  Short video app Triller Inc has confidentially filed paperwork for an initial public offering of its class A common stock with the U.S. Securities …

Uber received 3,824 reports of sexual assault and misconduct in 2019 and 2020, down 38% from 2017 and 2018, but the rate of fatal physical assaults rose 18% (Prarthana Prakash/Bloomberg)

Prarthana Prakash / Bloomberg: Uber received 3,824 reports of sexual assault and misconduct in 2019 and 2020, down 38% from 2017 and 2018, but the rate of fatal physical assaults rose 18%  —  Uber Technologies Inc. said it received 3,824 reports of sexual assault and misconduct on its ride-hailing app in 2019 and 2020 …

As avatars for metaverse applications grow in popularity, a look at Understanding Comics, a 30-year-old illustrated lecture considered an avatar design bible (Tim Bradshaw/Financial Times)

Tim Bradshaw / Financial Times: As avatars for metaverse applications grow in popularity, a look at Understanding Comics, a 30-year-old illustrated lecture considered an avatar design bible  —  First published 30 years ago, Scott McCloud’s Understanding Comics is the definitive comic book about comic books.

Better living through multicellular life cycles

Cooperation is a core part of life for many organisms, ranging from microbes to complex multicellular life. It emerges when individuals share resources or partition a task in such a way that each derives a greater benefit when acting together than they could on their own. For example, birds and fish flock to evade predators, […]

Section 230 is the last line of defense for online abortion speech, without which platforms could face legal liability for distributing abortion information (Wired)

Wired: Section 230 is the last line of defense for online abortion speech, without which platforms could face legal liability for distributing abortion information  —  Dobbs should be a wake-up call for anyone seeking to undercut the immunity protections afforded by Section 230 of the Communications Decency Act.

Sources: Tencent, ByteDance, and others plan layoffs impacting thousands, after Chinese internet companies cut tens of thousands during regulatory crackdowns (Raffaele Huang/Wall Street Journal)

Raffaele Huang / Wall Street Journal: Sources: Tencent, ByteDance, and others plan layoffs impacting thousands, after Chinese internet companies cut tens of thousands during regulatory crackdowns  —  Latest round of job cuts at Chinese tech giants comes even as Beijing signals easing of its regulatory campaign against the sector

Sources: digital asset trading firm Genesis is potentially facing “hundreds of millions” of dollars in losses, partly through exposure to 3AC and Babel Finance (CoinDesk)

CoinDesk: Sources: digital asset trading firm Genesis is potentially facing “hundreds of millions” of dollars in losses, partly through exposure to 3AC and Babel Finance  —  The DCG-owned trading colossus is said to have suffered nine-figure losses partly through exposure to Three Arrows Capital and Babel Finance.