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May 12, 2022, 3:35 PM
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| Joanna Ossinger / Bloomberg: |
After UST's collapse, most rival algorithmic stablecoins are below their dollar peg; the biggest non-algorithmic stablecoins USDT and USDC are mostly holding — Stablecoins besides TerraUSD are failing to live up to their billing as the collapse of the algorithmic token has investors pondering …
More:
The Block, Wall Street Journal, TechCrunch, VICE, Forbes, Bloomberg, Financial Times, The Block, Cointelegraph, CNBC, Web3 is going just great, Washington Post, and Tech Monitor
Tweets: @stablekwon, @johnbrownlow, @terra_money, @ariadneconill, @molly0xfff, @lukeisamazing, @kadhim, @mskidchaos, @traderkoz, @jerallaire, @davidgerard, @nkulw, @jemgold_, @lawmaster, @sbf_ftx, @katie_martin_fx, @zhusu, @bramcohen, @alexhern, @rekthq, @lawmaster, @tautologicaly, @carnage4life, @lhm1, @sbf_ftx, @kadhim, @macnbtc, @lubchansky, @carnage4life, @lawmaster, @sbf_ftx, @barrysilbert, and @thestalwart
| Tim Copeland / The Block: |
Terraform Labs resumes Terra block production, with staking disabled, after halting the blockchain “to prevent governance attacks” following LUNA's collapse — Quick Take — Terraform Labs has said the Terra blockchain has been halted. — This is due to concerns …
Source:
@terra_money. More:
Blockworks, Decrypt, Decrypt, Bloomberg, Forbes, CoinDesk, beToken my Friend EN, CoinJournal, Bitcoin News, Market Meditations, and Web3 is going just great
| Financial Times: |
Tether CTO Paolo Ardoino declines to reveal details about the company's $40B US government bond holdings, for fear of revealing its “secret sauce” — Token's tech chief declines to provide details on Treasury holdings on fear of revealing ‘secret sauce’
More:
tether.to, MarketWatch, The Economic Times, CNBC, Bloomberg, Investing.com, Fortune, Decrypt, and Reuters
Tweets: @paoloardoino, @tether_to, @thestalwart, @ben_mckenzie, @adamsamson, @safetyth1rd, @fchollet, and @kadhim
| Shaurya Malwa / CoinDesk: |
Terra's LUNA drops to $0.01, a 99%+ decline in 24 hours, down from $60 earlier this week and $120 in mid-April, after Terra's UST stablecoin lost its dollar peg — LUNA tokens lost 96% in the past 24 hours alone, prompting more to be minted in a mechanism that helped lift the UST price.
More:
Terra Research Forum, Bloomberg, and Financial Times
Tweets: @profjeffjarviss, @_checkmatey_, @mtsw, @cobie, @ojuice_eth, @kantrowitz, and @atari_buzzk1ll
| @kayvz: |
[Thread] Twitter product chief Kayvon Beykpour says he is leaving at the request of CEO Parag Agrawal, who wants to “take the team in a different direction” — Interrupting my paternity leave to share some final @twitter-related news: I'm leaving the company after over 7 years.
More:
The Verge, Financial Times, TechCrunch, CNN, Associated Press, Washington Post, Wall Street Journal, Variety, and iPhone in Canada Blog
Tweets: @kayvz, @caseynewton, @boo, @mikeisaac, @kayvz, @reckless, @film_girl, @caseynewton, @panzer, @rmac18, @carnage4life, @jessicalessin, @mikeisaac, @samsheffer, @grahamstarr, @alexrkonrad, @chadloder, @martinsfp, @caseynewton, @willoremus, @carnage4life, @sal19, @nickstatt, @kurtwagner8, @kayvz, @alex, @kantrowitz, @karaswisher, @film_girl, @willoremus, @meganmorrone, @katies, @kvlly, @kantrowitz, @willoremus, @caseynewton, @jess, and @willoremus
| Bloomberg: |
In a memo, Twitter CEO Parag Agrawal announces a hiring freeze and other cost-cutting efforts; VP of product Jay Sullivan will take over as head of product — Twitter Inc. Chief Executive Officer Parag Agrawal announced a hiring freeze and other cost-cutting efforts on Thursday …
More:
New York Times, The Verge, Fox Business, Protocol, Engadget, Insider, The Guardian, The Hill, CNET, PCMag, CNBC, and Hollywood Reporter
Tweets: @boo, @jordanzakarin, @ericajoy, @alexeheath, @willoremus, @gossithedog, @kantrowitz, @boo, @sarthakgh, and @w7voa
| Ryan Browne / CNBC: |
Bitcoin fell below $26K for the first time since December 2020, down 20%+ in a week; ether fell to $1,704, its lowest level since July 2021, down 30%+ in a week — - The price of bitcoin plunged below $26,000 on Thursday, hitting its lowest level in 16 months.
More:
Wall Street Journal, Forbes, Mercury News, Fortune, SlashGear, TheGamer, Cointelegraph, Bloomberg, Reuters, CoinDesk, Financial Times, Cointelegraph, euronews, and The Block
Tweets: @binanceus, @_megconley, @lorenasgonzalez, @carnage4life, @karlbode, @ashwsbreal, @cobie, @ldignan, @lopp, @lionelralaurent, @thekouk, and @carnage4life
| David Yaffe-Bellany / New York Times: |
More:
CoinJournal and NBC News
Tweets: @saylor, @brentnyt, @tedtalksmacro, @charlesarthur, @flitteronfraud, and @alfonslopeztena
| Jay Peters / The Verge: |
After mocking Apple for removing the iPhone headphone jack in an August 2021 ad for the Pixel 5a, Google quietly removes the headphone jack on the Pixel 6a — The Pixel 6A offers a lot of good features, but not a headphone jack — Google just revealed the Pixel 6A at Google I/O on Wednesday …
More:
YouTube, The Keyword, MacRumors, Android Authority, Philip Elmer‑DeWitt, iPhone in Canada Blog, iMore, Wccftech, and Redmond Pie
Tweets: @chriswelch, @starfire2258, @dcseifert, @robpegoraro, and @jaypeters
| David Pierce / The Verge: |
A look at Google's “ambient computing” strategy, a bid to unify its disparate hardware lines, led by the Pixel team — Making ambient computing happen is forcing Google to change how it does everything — The story of this year's Google I/O actually started three years ago.
More:
YouTube, AppleInsider, Patently Apple, and Telecoms.com
Tweets: @reckless, @mcelhearn, @caseynewton, @pierce, and @louisgray
| Scott Stein / CNET: |
Mark Zuckerberg gives an early look at mixed reality on Meta's Project Cambria headset; Meta announces Presence Platform to let developers make MR apps — A demo of Meta Cambria demonstrates how it blends AR and VR, while Quest 2 headsets could be used to develop apps in the meantime. — Scott Stein
Source:
Facebook. More:
YouTube, UploadVR, SiliconANGLE, Input, Android Central, TechCrunch, PCMag, Protocol, Engadget, Road to VR, Protocol, IGN, TechRadar, The Verge, VRScout, and Mashable
Tweets: @sadlyitsbradley, @metanewsroom, @ricmac, @boztank, @jetscott, and @boztank
| Financial Times: |
Brian Armstrong says there's “no risk of bankruptcy” after Coinbase said in its filing that its users might lose all their crypto if the exchange goes bankrupt — Shares in crypto exchange fall 23% after bleak results and new risk disclosure — Shares in cryptocurrency exchange …
Source:
@brian_armstrong. More:
Insider, The Verge, Cointelegraph, HotHardware.com News, CNN, Coinspeaker, KnowTechie, and Newser
| Thomas Stackpole / HBR.org: |
Q&A with crypto skeptic Molly White, who runs Web3 Is Going Just Great, on Web3's evolving problems and cultural draw, blockchain privacy issues, and more — Welcome to Web3 — What Is Web3? — Why Blockchain's Ethical Stakes Are So High Web3 Will Run on Cryptocurrency What a DAO Can — and Can't — Do
Tweets: @molly0xfff, @theburningmonk, @marcprecipice, @morganricks1, @carnage4life, and @ahcastor
| Scott Stein / CNET: |
An interview with James Park, Fitbit co-founder and Google's wearables division head, on how the Pixel Watch factors into Fitbit and its future plans, and more — James Park talks to CNET about the Google Pixel Watch, and where Fitbit's vision goes from here. — Scott Stein
More:
The Keyword, Softpedia News, The Shortcut, PCWorld, Insider, and TechRadar
| Frederic Lardinois / TechCrunch: |
Google and Samsung announce Health Connect to simplify connectivity between health and fitness apps and allow users to share their data across apps — At its Google I/O developer conference, Google and Samsung today announced Health Connect, a new initiative that will simplify … | Gillian Tan / Bloomberg: |
Sources: Elon Musk is in talks to raise enough equity and preferred financing for his Twitter bid to avoid using a $6.25B margin loan tied to his Tesla shares — Elon Musk is in talks to raise enough equity and preferred financing for his proposed buyout of Twitter Inc. to negate the need … | Paul Hill / Neowin: |
Google releases Android 13 Beta 2 with finer privacy controls, an improved Material You theme system, the ability to change the language of each app, and more — At its Google I/O event on Wednesday, Google released the second beta of Android 13. The search giant highlighted several …
More:
The Keyword, Macworld, Engadget, and Android Developers
| Adi Robertson / The Verge: |
A US appeals court rules 2-1 to let Texas enforce a social media law stopping Twitter, Facebook, and other services with 50M+ users from moderating content — A judge blocked a similar law in Florida on First Amendment grounds — The controversial Texas social media law HB 20 …
More:
Techdirt, Electronic Frontier Foundation, Vox, Ars Technica, Gizmodo, PCMag, and Protocol
Tweets: @rmfifthcircuit, @b_fung, @mjs_dc, @wendyndavis, @mmasnick, @daphnehk, @b_fung, @justinamash, @mmasnick, @mjs_dc, @mjs_dc, @popehat, @medialawprof, @b_fung, @popehat, @popehat, @popehat, @popehat, @popehat, @popehat, @dangillmor, @popehat, @videah_, @popehat, @popehat, @popehat, and @popehat
| Lucas Matney / TechCrunch: |
Ex-Facebook crypto chief David Marcus launches Lightspark, a payments startup that is building on Bitcoin's Lightning network, backed by a16z, Paradigm, others — After his departure from Facebook in November, many crypto industry insiders speculated where long-time executive David Marcus would land.
More:
The Block and Matrix Partners Viewpoints
Tweets: @spiritofbitcoin, @smtuffy, @sriramk, @mikeisaac, @kantrowitz, @thestalwart, and @mikeisaac
| Ariel Shapiro / The Verge: |
Spotify promotes Bill Simmons to oversee global sports strategy and names Parcast founder Max Cutler as head of creator content and partnerships — He will lead a new global sports push for the streamer — Spotify has lost a number of top executives in the past month … | Reuters: |
Foxconn reports Q1 net profit rose 5% YoY to ~$985M but warns that Q2 revenue could slow due to rising inflation, cooling demand, and supply chain issues — Shovel and FoxConn logo are seen before the arrival of U.S. President Donald Trump for the Foxconn Technology Group groundbreaking ceremony …
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