Analysis: eighteen, or nearly 2% of the 1,000 highest grossing apps on the App Store are scams; according to Appfigures data, they may have cost users $48M — Nearly 2 percent of Apple´s top-grossing apps on one day were scams — and they have cost people $48 million
Paul Vigna / Wall Street Journal:
DeFi, which accounted for an estimated 40% of ether moved on the Ethereum network in the year ended April, is helping fuel the crypto boom and recent volatility — Decentralized finance differs from traditional banks because there is no centralized system. It can be risky.
Elizabeth Rembert / Bloomberg:
Square partners with Blockstream, says it will invest $5M to build a solar-powered Bitcoin mining facility at a Blockstream Mining site in the US — Square Inc. will invest $5 million to build a solar-powered Bitcoin mining facility at a Blockstream Mining site in the U.S. through a partnership with the blockchain technology provider.
Matthew Karnitschnig / Politico:
Finance ministers of G7 countries, the US, UK, Canada, France, Germany, Italy, and Japan, agree to back a new global minimum corporate tax rate of at least 15% — The agreement by seven of the world´s largest industrial nations is seen as an important step toward changing the global tax structure.
Dani Blum / New York Times:
Several companies and clinicians are using VR therapy, which has shown success in treating PTSD, to treat other disorders like social anxiety and phobias — An experimental treatment seems poised to address a dire mental health crisis. — When a Veterans Affairs therapist first suggested …
Matthew Panzarino / TechCrunch:
A 2007 email between Steve Jobs and then Apple SVP of Software Engineering, approving 3rd party iPhone apps and an App Store, surfaces among Epic trial docs — An email has been going around the internet as a part of a release of documents related to Apple´s App Store based suit brought by Epic Games.
Kellen Browning / New York Times:
Crypto exchange FTX to spend $210M over 10 years to rename the professional e-sports team TSM as TSM FTX, in one of the biggest naming rights deals in e-sports — The deal between TSM, which fields competitive video game teams, and the Hong Kong-based FTX exchange, rivals the kinds …
Ingrid Lunden / TechCrunch:
Berlin-based Flink, a six-months old grocery delivery service built around its own delivery stores, raises $240M co-led by Prosus, BOND, and Mubadala Capital — On-demand grocery delivery, which really came into its own with the emergence of the Covid-19 pandemic, continues to command huge attention from investors.
Catalin Cimpanu / The Record:
Sources: Cox Media Group is apparently suffering a ransomware attack, as live streams for Cox radio and TV stations go down — Live streams for radio and TV stations owned by the Cox Media Group, one of the largest media conglomerates in the US, have gone down earlier today in what multiple sources …
Ian Sherr / CNET:
Apple cuts the amount of time before alerting people to AirTags that may be in use to track them and will launch an Android app for detecting AirTags this year — Apple said it´s adjusting its approach to its AirTags sensors, changing the time they play an alert when separated from their owner …