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May 10, 2022, 8:10 AM
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| Stacy-Marie Ishmael / Bloomberg: |
A look at Do Kwon's algorithmic UST stablecoin, designed to trade at $1, after it fell as low as $0.60; CoinMarketCap says there are 18.5B UST in circulation — Algorithmic stablecoins, like their more “traditional” counterparts, are supposed to provide calm in the chaos of crypto.
More:
CNBC, Crypto Daily, CoinDesk, Crypto Briefing, Uncommon Cents, and Benzinga
Tweets: @stablekwon, @el33th4xor, @sandeepnailwal, @twobitidiot, @alastairjmarsh, @azeem, @emilyjnicolle, @refsrc, @babacugs, @crypto, and @crypto
| Sam Reynolds / CoinDesk: |
Binance has temporarily suspended withdrawals of LUNA and UST tokens due to a high volume of pending withdrawals and “network slowness and congestion” — Binance has resumed withdrawals of LUNA and UST tokens after the two tokens crashed on Tuesday on the back of a broader fall in the crypto markets.
More:
Binance, Decrypt, Finbold, @mhonkasalo, Cointelegraph, CryptoPotato, Ethereum World News, and Cryptonews
Tweets: @binance, @hasufl, @mayazi, @thecryptolark, @markgutman9, @bitfinexed, @mhonkasalo, @thecryptolark, and @silvermanjacob
| Sam Kessler / CoinDesk: |
CoinMarketCap: UST stablecoin loses its USD peg, falling as low as $0.80, after the Luna Foundation Guard pledges $1.5B of its bitcoin reserves to support UST — TerraUSD (UST) has lost its dollar peg for the second time in three days, falling to as low as $0.95 on Monday …
More:
CoinDesk, Decrypt, Benzinga, The Block, Bloomberg, Forkast, CoinQuora, Cryptopolitan, Noticas Crypto, Micky, Blog Tien So, TheBitTimes.Com's Newsletter, CoinJournal, and PYMNTS.com
Tweets: @stablekwon, @jonwu_, @hasufl, @thestalwart, @tracyalloway, @sbf_ftx, @kevinsekniqi, @ryansadams, @cyber_hokie, @terra_money, @alexhern, @erikvoorhees, @coindesk, @zguz, @trader1sz, @martiniguyyt, @darealmilkbagz, @joemccann, @molly0xfff, @terra_money, @forgash_, @thestalwart, @crypto, @jonwu_, @officialtravlad, @mylifeindefi, @kevinsekniqi, @terra_money, @guilletorrealba, @carnage4life, @0xdoug, @nzkoz, @dlauer, @timbray, @antoniogm, @mdudas, @cbarraford, and @trustlessstate
| Bloomberg: |
Bitcoin fell ~10% to around $31,000, its lowest level since July 2021, as investors flee riskier investments; Ethereum, Solana, Avalanche, and others also fell — Bitcoin rebounded from a swoon below $30,000 as a selloff in stocks eased and a bout of calm washed across global markets.
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Glassnode Insights, Android Authority, The Verge, Wall Street Journal, Crypto Briefing, Cryptopolitan, Axios, CNBC, Cointelegraph, Bloomberg, Financial Times, SiliconANGLE, Politico, CoinDesk, The Daily Hodl, Bitcoinist.com, The Crypto Basic, CNBC, and Bloomberg
Tweets: @nayibbukele, @mcuban, @nayibbukele, @lfg_org, @saylor, @cryptomanran, @schwarz, @thinkingbitmex, @saylor, @nayibbukele, @maybebullish, @bennetttomlin, @jeffjohnroberts, @cryptowhale, @film_girl, @zachweinberg, @cz_binance, @cz_binance, @sartoshi_nft, @thestalwart, @timbray, @iamjosephyoung, @tier10k, @ryansadams, and @nlw
| Laurence Fletcher / Financial Times: |
Analysis: Tiger Global has lost about $17B in 2022 during the tech stock sell-off, erasing around two-thirds of its gains made since 2001 in four months — Hedge fund suffers ‘breathtaking’ drop as speculative stocks sink from pandemic peaks — Tiger Global has been hit by losses …
More:
Reuters. Tweets: @birdyword, @puppyeh1, @refsrc, @ron_miller, @martinsfp, @journofletcher, @alderlaneeggs, @breakoutpoint, and @hkanji
| Jordan Novet / CNBC: |
| Thomas Claburn / The Register: |
Study claims the implementation of EU's GDPR has reduced the number of apps on Google Play by a third, increased costs, and reduced revenues for app developers — Privacy rules increase cost, reduce choice, slash revenues, study concludes — Europe's data protection regime has reduced …
Source:
NBER. More:
Telecoms.com and Ziggurat
Tweets: @s8mb, @alecstapp, @mattyglesias, @rdmetcalfe, @jwaldfogel, @jwaldfogel, @jmkorhonen, @privacymatters, @mikarv, @punished_stu, @carnage4life, @stokel, @alexhern, @iwillleavenow, @emollick, @alexhern, @pt, @ggooooddddoogg, @jwaldfogel, @can, @maggythebrave, @stroughtonsmith, @jathansadowski, @pt, @robertjbateman, @hootonoliver, @scottygib, @cyber_mark, @missig_geek, @webdevlaw, @stayleyvegas, @katebevan, @detig, @robsmallshire, and @mgreenaw
| The Information: |
Sources: Meta is considering reducing the money it gives news outlets and focusing on news content as short videos on Facebook rather than as links to articles — Meta Platforms is considering reducing the money it gives news organizations as it reevaluates the partnerships it struck …
More:
Reuters. Tweets: @kevin_raposo, @pookleblinky, @vickerysec, @dskok, @noupside, @taylorlorenz, @therriaultphd, @jason_kint, @darth, @tara_mulholland, @jeffjarvis, @katzish, @arielbogle, @kendallybrown, @simonowens, @sylviavarnham, @dsilverman, @skenigsberg, @blackamazon, @kevinmarks, and @markdistef
| Ionut Ilascu / BleepingComputer: |
Researchers detail a malicious campaign that used Windows event logs to store malware, a technique that has not been previously documented publicly in attacks — Security researchers have noticed a malicious campaign that used Windows event logs to store malware, a technique …
Source:
Securelist. More:
Recent Gists from sbasu7241, TechRadar, and gHacks Technology News. Tweets: @bonjinjpn
| Manish Singh / TechCrunch: |
Crypto exchange KuCoin raises a $150M pre-Series B led by Jump Crypto at a $10B valuation, up from $100M in November 2018, and says it has 18M+ users — KuCoin's valuation has surged to $10 billion in its first financing round in four years as the global cryptocurrency exchange looks …
More:
CoinDesk, Bloomberg, VentureBeat, CoinJournal, Cointext.com, Forbes, and Tech in Asia. Tweets: @jonrussell
| Washington Post: |
Researchers: Elon Musk, who vowed to defeat Twitter's “spam bots or die trying”, has long benefited from “fanbots” boosting Tesla shares and deriding critics — Mechanized accounts have sought to boost Tesla shares, deride critics and push the pending takeover of Twitter.
More:
Insider, TechCrunch, Bloomberg, CNN, and City A.M.
| Steve Dent / Engadget: |
Sony reports Q4 gaming revenue rose 4.9% YoY to ~$5.1B; PS5 sales were 2M, reaching 19.3M in total, around 3.1M behind the PS4 at the same point in time — Sony announced that it sold just 2 million PlayStation 5 units last quarter (Q4), bringing its overall total to 19.3 million.
More:
Sony, PCMag, Benzinga, Bloomberg, Engadget, Reuters, IGN, Tom's Guide, Eurogamer.net, Destructoid, Bloomberg, VentureBeat, and Variety
Tweets: @gibbogame, @tomwarren, and @6d6f636869
| Drew Harwell / Washington Post: |
Clearview AI reaches a settlement with the ACLU by agreeing to stop selling or offering free access to its facial recognition database to most US businesses — The settlement marks one of the most significant court actions yet against a company known for downloading billions of people's photos …
Source:
ACLU. More:
SiliconANGLE, The Register, Axios, S.T.O.P., The Record, Engadget, IT Management, ZDNet, SecurityWeek, and Mashable
| Bloomberg: |
Match Group sues Google, alleging the company abuses its power with a requirement that developers use Google's billing system for Android apps in the Play Store — Match Group Inc. accused Alphabet Inc.'s Google in a lawsuit of acting as a monopolist with its app store billing rules …
More:
The Keyword, The Verge, New York Times, Protocol, Engadget, iPhone in Canada Blog, Fossbytes, FOSS Patents, Mashable, TechCrunch, and Neowin. Tweets: @jbursz
| Ingrid Lunden / TechCrunch: |
Paddle, which provides a billing backend for SaaS companies, raises a $200M Series D led by KKR at a $1.4B valuation, bringing its total raised to $293M — Software as a service has become the default for how organizations adopt and use apps these days, thanks to advances in cloud computing and networking …
More:
AppleInsider, FinSMEs, Finextra, Silicon Canals, Tech.eu, and VentureBeat. Tweets: @ingridlunden
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