Axie Infinity developer Sky Mavis says it will reimburse a total of $216.5M in USDC and ethereum on June 28 to the victims of the $625M Ronin bridge hack — A total of $216.5 million in USDC and ethereum at today's prices will be returned to users. — Sky Mavis, the developer behind popular play …
Zomato acquires instant delivery service Blinkit, formerly Grofers, for $568.1M; Blinkit raised about $700M in total and was valued at $1B+ in 2021 — Zomato is acquiring Blinkit, a struggling 10-minute grocery delivery startup, in a $568.1 million deal as the loss-making food delivery firm looks …
Zendesk to be acquired by an investor group in an all-cash deal valuing the company at ~$10.2B and will go private once the deal closes; stock is up 30%+ — - Customer experience software company Zendesk agreed to be acquired by an investor group in an all-cash transaction valuing it around $10.2 billion.
Walmart says its own hybrid cloud system now has 10K “edge nodes” across the US, helping to reduce costs by 10%-18% annually and lessen reliance on cloud giants — Retailer says new hybrid system allows the company to switch between cloud providers and its servers, saving time and money
The CISA and US Coast Guard Cyber Command warn companies of Log4Shell exploits in the wild, citing one incident of threat actors exfiltrating over 130GB of data — The Cybersecurity and Infrastructure Security Agency (CISA) and the United States Coast Guard Cyber Command (CGCYBER) …
Sources: the metaverse, not securing elections, is now Mark Zuckerberg's top priority; Meta has ~60 people focused on elections, down from 300 in 2020 — Mark Zuckerberg, who once said securing elections was “the most important thing,” has shifted Meta's focus to the metaverse.
Japan-based LegalForce, which uses AI to scan contracts for loopholes and risks, raised a $101M Series D led by Vision Fund 2 and says it has 2,000 clients — SoftBank Group Corp.'s Vision Fund will lead a 13.7 billion yen ($101 million) Series D fundraising into Japanese startup LegalForce Inc. …
Singapore's fintech policy chief says the country will be “brutal and unrelentingly hard” on “any market bad behaviour” in the crypto industry — Stance marks shift in rhetoric from city-state that had courted digital currency companies
Instagram begins testing tools to verify ages, starting with 17 or under, using either Yoti's facial recognition tech, photo IDs, or adults vouching for users — Meta's new policy will make it tougher for teens to update to adult accounts. But they can still lie about their age in the first place
A profile of Changpeng Zhao, who built Binance into the largest crypto exchange, as he navigates a regulatory crackdown in a brutal crypto winter — During the first few months of this year—back when buying digital tokens named after dog memes was still seen, at least in some of the most …
Pranshu Verma / Washington Post : Arizona's Maricopa County is set to have the second largest concentration of US data centers by 202...
