One of the U.S.'s biggest publicly traded crypto mining companies showed how well it fared over the rough-and-tumble months of April to June. It was mostly not good.
Why it matters: Mining companies are considered the last line of defense, often the last to sellamid downturns, because their business models can withstand the volatile swings of the digital assets they mine with high-powered computer equipment. But they have recently shown signs of stress.
After 20 years, this year's annual Code Conference from Vox Media will be Kara Swisher's last year hosting and organizing the event, Swisher told Axios.
Why it matters: Swisher, who recently rejoined Vox Media from the New York Times, plans to turn her attention toward new projects that explore topics beyond tech and reach a wider set of people.
President Biden on Tuesday signed a $280 billion package that aims to boost the domestic chip-making industry and scientific research.
What they're saying: "Fundamental change is taking place today — politically, economically and technologically," Biden said before signing the Chips and Science Act. "Change that can either strengthen our sense of control and security, of dignity and pride in our lives and our nation, or change that weakens us."
A viral ad in which former Vice President Dick Cheney attacks former President Trump as a "coward" will begin airing on Fox News on Tuesday, a week before his daughter Rep. Liz Cheney (R-Wyo.) faces a Trump-backed primary challenge, Axios has learned.
Driving the news: The ad, which initially aired solely in Wyoming, got so much attention that Cheney's campaign has decided to take it directly to Trump's favorite programs. The ad will air twice daily this week during "Fox & Friends" and once daily on Sean Hannity's prime-time show.
Tech's rout sent SoftBank's Vision Fund deep into the red last quarter.
Driving the news: The 5-year-old technology investment fund posted a $21.7 billion (2.9 trillion Japanese yen) loss — its second-biggest quarterly loss ever.
The makers of the long-runningvideo game series The Sims don’t allow pregnant characters to have abortions. But unofficial add-ons that give players that option are popular, their creators tell Axios.
Why it matters: In the world of video games, big studios often avoid socially sensitive topics, but fans sometimes find ways to work them in.
Tornado Cash has been added to Office of Foreign Asset Control's (OFAC) list of sanctioned internet services, shutting down a key privacy tool for Ethereum users, one frequently used by cybercriminals.
Why it matters: Tornado Cash is a non-custodial mixer that runs on the Ethereum blockchain. It allows an Ethereum address to receive funds without revealing who gave it to them (like cash does).
Nouns is an NFT project that sells a new one every day for about $150,000. It just turned 1-year old today.
Why it matters: Nouns have never generated a lot of headlines, but the project has shown persistent interest from NFT collectors and seems to be a new model for building out an ecosystem around intellectual property.
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