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May 14, 2022, 7:30 PM
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| Edward Ongweso Jr / VICE: |
Retail traders after Terra's crash: some say they lost their life savings, others shared suicidal ideation on forums, and some now realize it's a Ponzi scheme — It took less than a week for the third largest stablecoin and its ecosystem to become virtually worthless, wiping out countless traders' savings.| Yogita Khatri / The Block: |
Over $1.2B of Luna Foundation Guard's bitcoin reserves remains unaccounted for; LFG had $2B+ in bitcoin reserves and loaned $750M to OTC firms and market makers — Quick Take — Luna Foundation Guard accumulated over $2 billion in bitcoin reserves and provided a loan of $750 million in bitcoin.| Sunil Jagtiani / Bloomberg: |
Source:
@terra_money. More:
Forkast, Finbold, Benzinga, Binance, NullTX, The Weekly Distillation, Crypto Adventure, Forbes, Weekly Cryptocurrency …, Launchpool Press, CoinDesk, The Guardian, and Bitcoin News
Tweets: @stablekwon, @terra_money, @terra_money, @cyounessi1, @terra_money, @stablekwon, @cz_binance, @terra_money, @stablekwon, @0xhamz, @cz_binance, @stablekwon, @persiancapital, @vitalikbuterin, @stablekwon, @ncweaver, @eric20token, @cz_binance, @katie_martin_fx, @giganticrebirth, @davidgokhshtein, @migueldeicaza, @ncweaver, @wormholecrypto, @hoffmang, @willoremus, @mewn21, @trader_xo, @wormholecrypto, @wormholecrypto, @justinwolfers, @luna_terra_coin, @decryptmedia, @ercwl, @alexhern, @m_paulmcnamara, @theblock__, @web3isgreat, @chainlinkgod, @crypto_condom, @bennetttomlin, and @timccopeland
| Mike Masnick / Techdirt: |
Texas' content moderation law is clearly unconstitutional and forces social media services to allow a torrent of spam or face a deluge of frivolous litigation — So, I already had a quick post on the bizarre decision by the 5th Circuit to reinstate Texas' social media content moderation law …
More:
CNN, Washington Post, Wired, PC Gamer, and Tubefilter
Tweets: @txag, @jesselehrich, @gaberivera, @david_ingram, @simonw, @espinsegall, @jelenawoehr, @soonergrunt, @kevinmkruse, @4l0ts, @4l0ts, @jesselehrich, @edroso, @agraybee, @bkabak, @antonio, @xor, @steveklabnik, @jamesrbuk, @haircut_hippie, @theophite, @anamardoll, @theophite, @hippiegeekgirl, @theophite, @law_comedy, @jrosenworcel, @szhang_ds, @errantstrategry, @popehat, @enternodecs, @ericgarland, @willoremus, @jason_kint, @b_fung, @willoremus, and @mmasnick
| Cat Zakrzewski / Washington Post: |
More:
CNN, Reuters, NetChoice, Engadget, PCMag, The Verge, Axios, Politico, Protocol, Bloomberg, and Tom Merritt Tech Newsletter
Tweets: @aricohn, @aricohn, @steve_vladeck, @acedtect, @japantimes, @philnobilejr, @statesman, @reckless, @sethabramson, @aricohn, @jkosseff, @aricohn, @aricohn, @aricohn, @aricohn, @aricohn, @aricohn, @aricohn, @mmasnick, @ctatech, and @mpetricone
| Peter White / Deadline: |
Sources: Netflix is exploring live streaming for its unscripted shows and stand-up specials, which would enable live voting for competitions — EXCLUSIVE: Netflix is going live for the first time. — Deadline understands that the streamer is exploring the launch of live streaming.
More:
Wall Street Journal, AppleInsider, Engadget, PCMag, The Verge, and iMore
Tweets: @brockm, @myrmecos, @rockstar_stocks, @adamholisky, @bryandfischer, @tobiasogforrest, @quellevousno2, @therajgiri, @hradzka, @feuenfeu, @jaycaruso, @tomfitton, and @cameron
| Sohee Kim / Bloomberg: |
Sources: Samsung is talking to foundry clients about hiking chipmaking prices by up to 20% in 2022, joining TSMC and UMC, which are planning more price hikes — Samsung Electronics Co. is talking with foundry clients about charging as much as 20% more for making semiconductors this year … | Joshua Oliver / Financial Times: |
An interview with Sam Bankman-Fried on crypto hype, blockchain's potential to build a fairer financial system, bitcoin as an asset, philanthropy, and more — When an aide told me that “one of our drivers” would pick me up for my lunch with Sam Bankman-Fried, I imagined a hulking black SUV …
More:
New York Times. Tweets: @katie_martin_fx, @steveclapham, @patrickfrench, @jimpethokoukis, @andrewcarrier, @ftweekend, @newmoneyreview, @tomashirstecon, and @mateobusiness
| New York Times: |
As the possibility of Roe v. Wade overturn becomes a reality, pro-choice activists and nonprofits are looking at crypto and DAOs to speed up fundraising — Activists and nonprofits are considering digital currencies as a way to raise funds. But can they really do anything other payment methods can't?
Tweets: @rjcc, @bradmichelson, and @neerajka
| Nivedita Balu / Reuters: |
Elon Musk says his Twitter deal is “temporarily on hold” till a review of “spam/fake accounts”, but is “still committed to acquisition”; stock closes down 9.67% — Elon Musk said on Friday his $44-billion deal for Twitter Inc (TWTR.N) was temporarily on hold …
Source:
@elonmusk and @elonmusk. More:
Axios, Benzinga, Insider, Livemint, Wall Street Journal, On my Om, Washington Post, The Verge, Washington Post, CNBC, MSPoweruser, iPhone in Canada Blog, The Information, CNBC, Bitcoinist.com, The Guardian, Axios, The Economic Times, BBC, New York Times, Financial Times, New York Post, Axios, Social Media Today, Los Angeles Times, Bloomberg, Digital Trends, Moneycontrol, and CNN
Tweets: @elonmusk, @snoopdogg, @jeffbezos, @paraga, @moskov, @mmasnick, @alexstamos, @felixsalmon, @snoopdogg, @btaylor, @sarahfrier, @rmac18, @alexstamos, @moskov, @alexstamos, @alexstamos, @moskov, @maxkennerly, @cbouzy, @modestproposal1, @moskov, @jack, @rasmussen_poll, @karaswisher, @jack, @cbouzy, @ketanj0, @jack, @oneunderscore__, @davidmweissman, @caseynewton, @claritytoast, @dinasrinivasan, @karaswisher, @caseynewton, @rmac18, @hblodget, @ryanqnorth, @saschasegan, @fmanjoo, @mikeisaac, @caseynewton, @danprimack, @taylorlorenz, @parmy, @realspikecohen, @brij, @metaquest, @noupside, @rmac18, @dangoodin001, @tomcoates, @profgalloway, @danprimack, @kurtwagner8, @williamturton, @bplewis, @carltonreid, @obrien, @seldo, @stanhoraczek, @maxboot, @jjohnsonlaw, @briannawu, @gtconway3d, @wfkars, @ed_solomon, @will_bunch, @patrickw, @cliffschecter, @parikpatelcfa, @willoremus, @loudmouthjulia, @paleofuture, @arashmassoudi, @carnage4life, @digiphile, @andyostroy, @sarafischer, @mims, @karaswisher, @mgsiegler, @karaswisher, @deanobeidallah, @0x, @alexweprin, @alexweprin, @psawers, @espiers, @jeffjarvis, @cristinacriddle, @ben_mckenzie, @paultassi, @carnage4life, @kantrowitz, @clairecmc, @loganbartlett, @garyblack00, @wongmjane, @markets, @ankaman616, @parmy, @parmy, @robtfrank, @arthurschwartz, @matt_levine, @samro, and @tbraithwaite
| Matt Levine / Bloomberg: |
| Benjamin Pimentel / Protocol: |
A Q&A with SEC Commissioner Hester Peirce, on her criticisms of the SEC's approach to crypto, chair Gary Gensler's leadership, being called “Crypto Mom”, more — SEC Commissioner Hester Peirce is celebrated in memes as “Crypto Mom.” She's considered crypto's staunchest ally …
Tweets: @wilber54x, @xrpcryptowolf, @benpimentel, @owenthomas, and @cryptolawus
| Dimuthu Attanayake / Rest of World: |
Experts say the personal data leaked by Anonymous from various Sri Lankan government and other websites has put regular citizens at severe risk of cybercrimes — Leaked data by the hacker collective has put regular Sri Lankans at severe risk of cybercrime. — • COLOMBO, SRI LANKA
Tweets: @martijn_grooten, @mskidchaos, and @restofworld
| Taylor Lorenz / Washington Post: |
A look at My Friends My Data, a group of startup founders pushing for laws to force tech giants like Meta and Alphabet to let users move followers between apps — A new coalition of start-ups is calling on tech giants to allow creators to reach followers on more platforms.
More:
Scripting News. Tweets: @richontech, @ianbetteridge, @carnage4life, @joshconstine, and @taylorlorenz
| Sam Nussey / Reuters: |
Tokyo- and Bangkok-based Opn, formerly known as Synqa, a digital payments processor and blockchain tech provider, raises a $120M Series C+ at a $1B+ valuation — Digital payments processor Opn, formerly known as Synqa, said it had raised $120 million in a Series C+ funding round …
More:
Forbes, BRIDGE（ブ …, and Tech in Asia
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