Tuesday, April 5, 2022

German police shut down darknet market Hydra Market, which had €1.23B in 2020 revenue, and seize 543 bitcoins (Eliza Gkritsi/CoinDesk)

Eliza Gkritsi / CoinDesk:
German police shut down darknet market Hydra Market, which had €1.23B in 2020 revenue, and seize 543 bitcoins  —  The Hydra Market's bitcoin privacy mixer complicated the investigation, police said.  —  German authorities seized $25 million in bitcoin (BTC) as they shut down Hydra Market …



A look at subreddit r/Place, which lets users build collective art by posting a colored pixel every five minutes and had 72M tiles placed by Sunday night (Taylor Lorenz/Washington Post)

Taylor Lorenz / Washington Post:
A look at subreddit r/Place, which lets users build collective art by posting a colored pixel every five minutes and had 72M tiles placed by Sunday night  —  Since last Friday, millions of Reddit users have banded together to collectively generate a massive, collaborative piece of artwork that has become a viral phenomenon.



Barcelona-based SaaS startup Amenitiz, which offers admin tools for independent hotels and B&Bs, raises a $30M Series A led by Eight Roads (Natasha Lomas/TechCrunch)

Natasha Lomas / TechCrunch:
Barcelona-based SaaS startup Amenitiz, which offers admin tools for independent hotels and B&Bs, raises a $30M Series A led by Eight Roads  —  Barcelona-based Amenitiz, which sells software-as-a-service for streamlining the administration of independent hotels and B&Bs which it shorthands …



Tiger Global's hedge fund has slumped by 34% from January to March 2022, losing around $10B, fueled by declining stocks, the Ukraine war, and China's crackdown (Hema Parmar/Bloomberg)

Hema Parmar / Bloomberg:
Tiger Global's hedge fund has slumped by 34% from January to March 2022, losing around $10B, fueled by declining stocks, the Ukraine war, and China's crackdown  —  In his 20s, he was a hedge-fund wunderkind.  By his 40s, a hedge-fund legend.  But suddenly, Chase Coleman is stumbling, and hard.



French startup Sweep, which develops carbon management tools and helps companies model emissions, raises a $73M Series B led by Coatue (Freya Pratty/Sifted)

Freya Pratty / Sifted:
French startup Sweep, which develops carbon management tools and helps companies model emissions, raises a $73M Series B led by Coatue  —  Carbon accounting software fits within a broader “climate fintech” industry, which includes startups working on software to help consumers and businesses adopt greener practices.



Remote, an HR service that helps companies hire and manage remote employees across 60+ countries, raises $300M led by Vision Fund 2 at a ~$3B valuation (Katie Roof/Bloomberg)

Katie Roof / Bloomberg:
Remote, an HR service that helps companies hire and manage remote employees across 60+ countries, raises $300M led by Vision Fund 2 at a ~$3B valuation  —  Remote Technology Inc., a startup which makes it easier for businesses to hire international employees, said it raised $300 million at valuation of almost $3 billion.



TikTok owner ByteDance 'scraped' content from Instagram, Snapchat

Chinese short-video-making app TikTok's parent company ByteDance allegedly made fake accounts with content taken from Instagram, Snapchat and other social media platforms, a new report has claimed. https://ift.tt/mZGkfiV

Monday, April 4, 2022

Telecom Italia, CDP start network talks as KKR bid falters

Telecom Italia (TIM) has signed a non-disclosure agreement with Italian state lender CDP to start formal talks on potentially combining the phone group's network with that of smaller broadband rival Open Fiber. https://ift.tt/lXw0Z5u

Nearly half of crypto owners in US, APAC and Latin America bought digital assets for first time in 2021: Survey

Almost half of all cryptocurrency owners in the United States, Latin America and Asia Pacific purchased the digital assets for the first time in 2021, according to a new survey from US cryptocurrency exchange Gemini. https://ift.tt/PCrNoGI

COVID-19 outbreak: Tesla to keep Shanghai plant shut

Elon Musk-run Tesla, which delivered over three lakh vehicles in Q1 this year despite an 'exceptionally difficult quarter,' has been forced to keep its factory shut in Shanghai. https://ift.tt/JAOPZ5e

Why Twitter cofounder Jack Dorsey regrets getting 'involved in' the Internet

Twitter founder Jack Dorsey, a strong proponent of open and decentralised social media, has regretted his involvement in creating a centralised Internet. https://ift.tt/ga0H5Fn

Panasonic to invest $4.9 billion in EV batteries, supply chain software

Panasonic is joining the high-growth electric vehicles market, with plans to invest nearly $4.9 billion in automotive batteries, supply chain software and cyber physical systems, among others. https://ift.tt/VyeiZm7

China expands the digital yuan pilot scheme to more cities ahead of Asian Games 2022

Tianjin, Chongqing, Guangzhou, Fuzhou, Xiamen and six cities in the coastal Zhejiang province will be added to the existing 10 major "pilot" cities to test the use e-CNY, it said. The six cities in Zhejiang, which included the provincial capital of Hangzhou, will host the Asian Games in September 2022. https://ift.tt/Z2lRbe4

Sri Lanka restores social media platforms after 15 hours amid the country's worst economic crisis

The services of Facebook, Twitter, YouTube, Instagram, TokTok, Snapchat, WhatsApp, Viber, Telegram, and Facebook Messenger were restored after 15 hours, according to an official. The services had been fully or partially blocked. The move was aimed at preventing masses from gathering in Colombo to protest the government's failure to provide relief to the public suffering from shortages of food, essentials, fuel and medicine amidst hours-long power cuts, the Colombo Page newspaper reported. https://ift.tt/oel3cub

A look at Jony Ive's work with LoveFrom; Ive bought a city block in SF's Jackson Square and could raise ~$1B with Sam Altman by end of 2024 for an AI device (Tripp Mickle/New York Times)

Tripp Mickle / New York Times : A look at Jony Ive's work with LoveFrom; Ive bought a city block in SF's Jackson Square and could...