💻 How China Exploited a U.S. Tech Supplier
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The Long Hack: How China Exploited a U.S. Tech Supplier. In 2010, the U.S. Department of Defense found thousands of its computer servers sending military network data to China—the result of code hidden in chips that handled the machines’ startup process. (Jordan Robertson, Michael Riley via Bloomberg)
Feeling the heat from employees, Wall Street banks get closer to adopting bitcoin. Pressure is building on Wall Street banks to accept bitcoin as a legitimate asset class — and it’s coming from within, CNBC has learned. (Hugh Son via CNBC)
Jack Dorsey and Jay Z invest $23.6 million to fund Bitcoin development. Twitter and Square CEO Jack Dorsey and rapper Jay Z have created an endowment to fund bitcoin development initially in Africa and India, Dorsey said Friday. (Manish Singh via TechCrunch)
Yellen Is Creating a New Senior Treasury Post for Climate Czar. Treasury Secretary Janet Yellen plans to wield the department’s broad powers to tackle potential risks to the financial system posed by climate change while pushing tax incentives to reduce carbon emissions. (Kate Davidson via Wall Street Journal)
'Genocide' is the wrong word for the horrors of Xinjiang. When ronald reagan cried “tear down this wall”, everyone knew what he meant. There was a wall. It imprisoned East Germans. It had to come down. One day, it did. (The Economist)
Bumble Founder Becomes World's Youngest Self-Made Woman Billionaire Thanks To IPO. Shares of dating app Bumble soared in its IPO on Thursday, turning its 31-year-old CEO and founder Whitney Wolfe Herd into the world’s youngest self-made woman billionaire. Her nearly 12% stake in the company was worth $1.6 billion as of 12:40 p.m. EST on Thursday. (Angel Au-Yeung via Forbes)
Disney Plus hits 94.9 million subscribers, beating its four-year goal in 14 months. Disney Plus reached a new high of 94.9 million subscribers around the world, the company announced in its Q1 2021 earnings report. Hulu now has 39.4 million subscribers, while ESPN Plus has 12.1 million subscribers. (Chaim Gartenberg via The Verge)
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