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May 10, 2022, 10:00 AM
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WeSmirchTop News
| 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:
Crowdfund Insider, CNBC, CoinDesk, Crypto Briefing, Crypto Daily, Uncommon Cents, and Benzinga
Tweets: @stablekwon, @el33th4xor, @bitfinexed, @twobitidiot, @sandeepnailwal, @crypto, @alastairjmarsh, @azeem, @emilyjnicolle, @babacugs, @crypto, and @refsrc
| 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, The Block, @mhonkasalo, Decrypt, Finbold, Protos, Waivly, and Cointelegraph
Tweets: @binance, @hasufl, @thecryptolark, @bitfinexed, @mhonkasalo, @thecryptolark, @mayazi, @markgutman9, and @silvermanjacob
| 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, Tech in Asia, and Tech News. Tweets: @jonrussell
| Sam Kessler / CoinDesk: |
CoinMarketCap: UST stablecoin loses its USD peg, falling as low as $0.60, 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:
Decrypt, The Block, Benzinga, The Mint, The Block, Coin Metrics' State …, Fintech Brain Food 🧠, Bloomberg, Cointelegraph, Noticas Crypto, CoinQuora, Forkast, Blog Tien So, Cryptopolitan, and Micky
Tweets: @jonwu_, @stablekwon, @hasufl, @tracyalloway, @sbf_ftx, @thestalwart, @kevinsekniqi, @terra_money, @ryansadams, @cyber_hokie, @0xdoug, @zguz, @trader1sz, @martiniguyyt, @darealmilkbagz, @alexhern, @joemccann, @molly0xfff, @terra_money, @forgash_, @thestalwart, @crypto, @jonwu_, @officialtravlad, @mylifeindefi, @kevinsekniqi, @terra_money, @carnage4life, @erikvoorhees, @nzkoz, @dlauer, @timbray, @antoniogm, @mdudas, @cbarraford, @trustlessstate, @guilletorrealba, and @coindesk
| Sidhartha Shukla / Bloomberg: |
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Glassnode Insights, The Verge, Android Authority, Crypto Briefing, Crypto Adventure, Inside Bitcoins, CNBC, Cryptopolitan, Axios, SiliconANGLE, Politico, CoinDesk, The Daily Hodl, The Crypto Basic, Bitcoinist.com, Financial Times, and Bloomberg
Tweets: @nayibbukele, @nayibbukele, @mcuban, @saylor, @saylor, @cryptomanran, @schwarz, @thinkingbitmex, @odell, @maybebullish, @bennetttomlin, @nayibbukele, @jeffjohnroberts, @film_girl, @zachweinberg, @cz_binance, @cz_binance, @sartoshi_nft, @thestalwart, @cryptowhale, @timbray, @iamjosephyoung, and @tier10k
| Jordan Novet / CNBC: |
At Monday's close, the largest US tech companies lost $1T+ in value over three trading sessions; Apple lost $220B, Microsoft $189B, Amazon $173B, and Meta $70B — - Apple, the most valuable publicly traded company, has seen its market capitalization trimmed by over $200 billion since Wednesday … | 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: @litcapital, @puppyeh1, @birdyword, @refsrc, @ron_miller, @martinsfp, @journofletcher, @alderlaneeggs, @hkanji, and @breakoutpoint
| 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, @privacymatters, @jmkorhonen, @mikarv, @punished_stu, @iwillleavenow, @emollick, @ggooooddddoogg, @jwaldfogel, @can, @maggythebrave, @stroughtonsmith, @jathansadowski, @pt, @carnage4life, @stokel, @alexhern, @alexhern, @pt, @robertjbateman, @hootonoliver, @scottygib, @cyber_mark, @missig_geek, @webdevlaw, @stayleyvegas, and @katebevan
| James Pearson / Reuters: |
The UK and EU say Russia launched a cyberattack on satellite internet network Viasat at the onset of the Ukraine war in late February, affecting many in Ukraine — Russia was behind a massive cyberattack against a satellite internet network which took thousands of modems offline at the onset …
Source:
European Council and GOV.UK. More:
Metacurity, The Record, TechCrunch, Politico, Euractiv, Cybernews.com, and The Hill
Tweets: @trussliz, @ale_paulus, @ale_paulus, @azeem, @780thc, @mikko, @netblocks, and @eucouncilpress
| 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, TechSpot, TechRadar, and gHacks Technology News
| 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, Forbes, PCMag, Bloomberg, Benzinga, Reuters, Android Central, Engadget, Eurogamer.net, TechSpot, Bloomberg, VentureBeat, and Variety
Tweets: @gibbogame, @tomwarren, and @6d6f636869
| 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
| Dan Goodin / Ars Technica: |
F5 disclosed and patched an actively exploited critical bug last week in its BIG-IP products that act as load balancers and firewalls within enterprise networks — Flaw in widely used gear from F5 executes root commands, no password necessary. — Researchers are marveling at the scope …
More:
Security Affairs, Threatpost, SecurityWeek, Randori, SC Media, iTWire, GovInfoSecurity, The Daily Swig, and The Hacker News
Tweets: @malwarejake, @wdormann, @realgenekim, @z3r0trust, @wdormann, and @carmencrincoli
| New York Times: |
Sources: in a note to employees, Netflix executives say an ad-supported tier could launch in Q4 2022 — Executives said they were aiming to introduce an ad-supported, lower-priced subscription tier in the last three months of the year, quicker than originally indicated.| 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:
FinSMEs, AppleInsider, Finextra, iMore, Silicon Canals, Tech.eu, and VentureBeat. Tweets: @ingridlunden
| Kyle Wiggers / TechCrunch: |
SirionLabs, which develops enterprise vendor contract management tools, raises an $85M Series D led by Partners Group, bringing its total funding to $157M — Contract lifecycle management (CLM), the method of managing a contract from initiation through award, compliance, and renewal, can be costly for companies.
More:
GeekWire
| 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 … | 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:
Nieman Lab, Wall Street Journal, Bloomberg, Insider, TechCrunch, and CNN
| Owen S. Good / Polygon: |
Tencent-owned Riot Games sues ByteDance-owned Moonton, alleging the Chinese studio is ripping off Wild Rift, the mobile version of League of Legends — After shutting down a Chinese developer's copy, another sprouts in North American app stores — Riot Games, makers of League of Legends …
More:
Reuters, GamesIndustry.biz, Dot Esports, SegmentNext, and Pandaily
| Yogita Khatri / The Block: |
Talos, a crypto trading infrastructure startup for institutional investors, raises a $105M Series B led by General Atlantic at a $1.25B valuation — Quick Take — Talos is now a unicorn with $105 million in new funding from Citigroup, Wells Fargo and others.
More:
Reuters, Finextra, CoinDesk, and Cointelegraph
| Bloomberg: |
Nintendo reports Q4 revenue rose 6% YoY to ~$2.9B as profit rose 0.6% YoY to $922M; Switch sales were 4.11M, for 23.1M total; Nintendo will split its stock 10:1 — Nintendo Co. will split its stock into 10 from October, potentially propping up the shares as the Mario creator struggles …
More:
The Verge, VentureBeat, Nintendo, Polygon, IGN, CNBC, Financial Times, and VentureBeat
Tweets: @6d6f636869, @muradahmed, and @tomwarren
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