Since bitcoin hit an all-time high in November 2021, ~$2T of cryptocurrency value has been erased, which is more than two-thirds of all the crypto that existed (Wall Street Journal)

Wall Street Journal:
Since bitcoin hit an all-time high in November 2021, ~$2T of cryptocurrency value has been erased, which is more than two-thirds of all the crypto that existed  —  The cryptocurrency industry was built on swagger, enthusiasm and optimism.  All three are in short supply these days, as losses and layoffs mount.

India lifts ban on Mastercard from issuing new debit, credit, or prepaid cards after it demonstrated "satisfactory compliance" with the local data storage rules (Manish Singh/TechCrunch)

Manish Singh / TechCrunch:
India lifts ban on Mastercard from issuing new debit, credit, or prepaid cards after it demonstrated “satisfactory compliance” with the local data storage rules  —  India has lifted business restrictions on Mastercard, nearly a year after imposing the ban, once again allowing …

Beijing-based MegaRobo, which applies robotics and AI to life sciences research, has raised a ~$300M Series C led by GGV Capital and Asia Investment Capital (Coco Liu/Bloomberg)

Coco Liu / Bloomberg:
Beijing-based MegaRobo, which applies robotics and AI to life sciences research, has raised a ~$300M Series C led by GGV Capital and Asia Investment Capital  —  Six-year-old biotech startup MegaRobo Technologies has raised about $300 million from investors including an arm of Goldman Sachs Group Inc. …

We're not an entertainment platform, not a social network: TikTok

TikTok has clarified that it is not interested in copying Facebook as it is not a social network but an entertainment platform, as Meta CEO Mark Zuckerberg seeks to make Facebook and Instagram to be more like TikTok. https://ift.tt/6nmCysu

Forget Pegasus, new spyware 'Hermit' now being used by governments

The team at cyber-security company Lookout Threat Lab uncovered the 'surveillanceware' that was used by the government of Kazakhstan in April, four months after nationwide protests against government policies were violently suppressed. https://ift.tt/aK69Hyf

A jury finds ex-Amazon engineer Paige Thompson guilty of wire fraud and hacking charges for downloading the personal info of 100M+ Capital One customers in 2019 (Kate Conger/New York Times)

Kate Conger / New York Times:
A jury finds ex-Amazon engineer Paige Thompson guilty of wire fraud and hacking charges for downloading the personal info of 100M+ Capital One customers in 2019  —  Paige Thompson's lawyers said she had been looking for cracks so they could be fixed.  A jury found her guilty of wire fraud and hacking charges.