VBWeekly: Digg dumps, Githubs gits, Ouya owns, and Nukotoys … toys?

Yes, folks its another VBWeekly, and our regular VBWeekly host Jolie O’Dell was out on assignment, so VentureBeat’s executive Editor Dylan Tweney has stepped in to take you through the stories of the week. And we have stories; running from Digg dumping itself for a bit of a loss for its investors, to Github grabbing investor money. Lots of it.  Also we replay a section of the interview we did with Yves Behar of Ouya and have a look at a pretty interesting little iPad game from Nukotoys.

Funding Daily: It’s like the San Diego firework fiasco of investment

All the news that lay dormant surrounding the July 4th holiday exploded all at once today in the funding world. Sometime amidst the barbecuing and pool parties, major deals were struck involving massive amounts of money. The biggest story, juicier than that rare burger dripping with cheese you gobbled last week, was GitHub at long last taking a round of VC money — and what a round it was. Check out the other interesting bits below.

Github community in turmoil after hacker exposes massive security flaw

Github, the service that many professional programmers use to store their work and collaborate on coding, was hacked over the weekend. A young Russian named Egor Homakov showcased a loophole in Github that would allow anyone to commit to the master copy of a project, meaning they could alter or delete the source code. But when his account was suspended by Github, a furious argument broke among developers out about his intentions. Was he doing the community a service by exposing the flaw or taking things too far with a very public hack?