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June 21, 2022, 2:10 PM
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| Andrew Rummer / The Block: |
BlockFi CEO Zac Prince says the crypto lender “signed a term sheet with FTX to secure a $250M revolving credit facility” — - BlockFi secures $250 million revolving credit facility from crypto exchange FTX. — The crypto lender says the deal ‘bolsters our balance sheet and platform strength.’
Source:
@blockfizac. More:
PR Newswire, PYMNTS.com, Benzinga, Decrypt, CoinJournal, The Economic Times, Fortune, Bloomberg, Coinspeaker, CoinDesk, Crypto Briefing, Cointelegraph, Ethereum World News, and CryptoPotato
| Financial Times: |
South Korean prosecutors ban “dozens” of current and former Terraform Labs employees from leaving the country amid a probe into UST's and LUNA's collapse — South Korean prosecutors take action as they investigate embattled company behind the $40bn luna wipeout
More:
Reuters, Fortune, Bloomberg, Gizmodo, PYMNTS.com, Bitcoinist.com, Benzinga, Blockworks, Micky, CryptoPotato, Newslit Daily, Crypto Adventure, The Block, Web3 is going just great, crypto.news, CryptoSlate, Protos, Crypto Briefing, and Ethereum World News
Tweets: @unifiedh, @unifiedh, @fatmanterra, @unifiedh, @thestalwart, @silvermanjacob, @fatmanterra, @niubi, @xoayquanh, @seldo, @johnreedstark, and @fatmanterra
| Kashmir Hill / New York Times: |
As part of its new Responsible AI Standard rules, Microsoft plans to remove Azure's facial analysis tools, which can guess gender, age, and emotional state — The technology giant will stop offering automated tools that predict a person's gender, age and emotional state and will restrict the use of its facial recognition tool.
More:
Protocol, Microsoft On the Issues, The Verge, ZDNet, and Cloud Computing Services
| Yogita Khatri / The Block: |
Solana-based NFT marketplace Magic Eden raised a $130M Series B led by Electric Capital and Greylock at a $1.6B valuation, after a $27M Series A in March 2022 — - Magic Eden has scored a $1.6 billion valuation in its latest funding round. — The Solana-based NFT marketplace plans to launch on more blockchains.
More:
TechCrunch, CoinDesk, SiliconANGLE, PR Newswire, Crunchbase News, Bloomberg, Ethereum World News, NFT Evening, Forbes, Australian Financial Review, FinSMEs, CoinJournal, Decrypt, and Insider
Tweets: @magiceden, @tomgara, and @alex
| Jamie Crawley / CoinDesk: |
ProShares, which debuted the first bitcoin futures ETF in October 2021, launches the first ETF to short bitcoin in the US, on the NYSE under the BITI ticker — The exchange-traded fund will allow investors to hedge their bitcoin exposure, which may prove particularly pertinent given the sharp downturn in crypto markets of late.
More:
Business Wire, CNBC, Decrypt, Coinspeaker, Waivly, ZyCrypto, Wall Street Journal, Blockworks, Cointelegraph, The Block, Bitcoin Magazine, Bitcoinist.com, CryptoPotato, Crypto Briefing, and Forkast
Tweets: @rakeshlobster and @timoharings
| Tom Warren / The Verge: |
GitHub launches Copilot AI, which suggests lines of code to developers, out of preview for $10/month or $100/year and says 1.2M+ tried the preview in 12 months — Free for students and maintainers of popular open-source projects — Microsoft-owned GitHub is launching its Copilot AI tool today …
More:
The GitHub Blog, Protocol, TechCrunch, TechRadar, and BigTechWire
| Financial Times: |
SpaceX's Starlink aid to Ukraine triggers scrutiny in China, as Chinese firms rush to deploy satellite constellations into low-earth orbit to compete — ‘Silicon Valley Iron Man’ is under pressure over satellites as Chinese rivals close in on Tesla — In the days after Vladimir Putin …
More:
CNBC, TechCrunch, and Benzinga
Tweets: @jkempenergy, @petercampbell1, @chassnews, @alitahmizian, @martijnrasser, @bondhack, and @rrajagopalanjnu
| Amrita Khalid / Engadget: |
Uber relaunches Uber Pool, paused in March 2020, as UberX Share in NYC, LA, SF, Chicago, Phoenix, San Diego, Portland, Oregon, Indianapolis, and Pittsburgh — Uber suspended its shared rides service — Uber Pool — in the early months of the pandemic as a safety measure.
More:
Uber Newsroom, CNET, The Verge, CNBC, Bloomberg, New York Post, and Benzinga. Tweets: @carnage4life
| Jay Peters / The Verge: |
Amazon names Doug Herrington, a 17-year company vet, as the new CEO of Worldwide Amazon Stores, weeks after Dave Clark announced he was retiring from the role — Amazon vet Doug Herrington will become CEO of Worldwide Amazon Stores — Amazon has named a new CEO of its retail arm just weeks …
More:
About Amazon, The Economic Times, Insider, GeekWire, and Barron's Online
Tweets: @kyweise and @amazonnews
| Richard MacManus / The New Stack: |
The Khronos Group forms the Metaverse Standards Forum with Nvidia, Meta, Epic Games, Unity, Microsoft, W3C, and others, seeking to improve interoperability — Interoperability — or lack thereof — is a key issue in the nascent metaverse industry. The Khronos Group aims to solve …
More:
ZDNet, The Verge, VentureBeat, NVIDIA, The Block, UploadVR, SiliconANGLE, Metaverse Standards Forum, Road to VR, Business Wire, and EnterpriseAI
Tweets: @tomffiske, @nickstatt, @keithdsouza, @ponyweb3, @ricmac, @metaverse_forum, @vishalshahis, @ricmac, @ricmac, @nickstatt, @whatleydude, and @vishalshahis. Thanks:@ricmac
| New York Times: |
An investigation into Chinese government bidding documents details its expanding surveillance apparatus, including ~500M cameras and extensive phone trackers — Times reporters spent over a year combing through government bidding documents that reveal the country's technological road map …
More:
New York Times. Tweets: @nytimes, @paulmozur, @meta_lab, @jjvincent, @paulmozur, @nytimes, @paulmozur, @rprose, @chinafile, and @paulmozur
| Gaspard Sebag / Bloomberg: |
France's antitrust watchdog declines to levy more fines against Google over paying publishers, as Google's commitments now address its concerns and are binding — Google brought an end to a dispute with publishers and avoided further fines after winning regulatory approval for pledges …
More:
Google France, Euractiv, The Economic Times, Reuters, TechCrunch, and Wall Street Journal
| Todd Spangler / Variety: |
The CEO and COO of Pornhub's parent company MindGeek resign, shortly after a report that looked at sexually explicit nonconsensual videos hosted on the site — MindGeek, the internet company best known for operating Pornhub, said that CEO Feras Antoon and COO David Tassillo have resigned.
More:
New Yorker
| Jessica Bursztynsky / CNBC: |
DocuSign says CEO Dan Springer “has agreed to step aside” and Chairman of the Board Maggie Wilderotter will serve as interim CEO; the stock is down 60%+ in 2022 — - DocuSign CEO Dan Springer is stepping down in his role after the e-signature software maker lost more than 60% of its value year to date.
More:
PR Newswire, SiliconANGLE, Protocol, TheStreet, and MarketWatch
| Hannah Miller / Bloomberg: |
Crypto payments company MoonPay partners with Universal, Fox, Death Row Records, and Creative Artists Agency to create NFT collections on its HyperMint service — Crypto payments company MoonPay is partnering with major entertainment brands as it expands further into the struggling nonfungible token market.
More:
CNBC, The Block, and Metaverse Post
| Bloomberg: |
Analysis: China had 19 of the world's 20 fastest-growing chip industry firms over the past four quarters, on average, compared to eight at the same time in 2021 — China's chip industry is growing faster than anywhere else in the world, after US sanctions on local champions from Huawei Technologies Co … | Aisha Malik / TechCrunch: |
Meta adds new Instagram and Facebook monetization tools, and extends keeping events, fan subscriptions, badges, and news products free for creators until 2024 — Meta CEO Mark Zuckerberg announced today that the company is rolling out more ways for creators to make money on Facebook and Instagram …
More:
The Verge, Search Engine Land, and Bloomberg
| Michelle Celarier / New York Magazine: |
An in-depth look at Tiger Global, the secretive hedge fund and VC firm led by Chase Coleman III, as its huge tech stocks bets led to a $25B+ loss by June 2022 — Secretive hedge fund Tiger Global changed the rules on tech investing. Then it all went bad.
Tweets: @nymag, @acfou, @jcoviedo6, @walt373, @churchillcap1, @alderlaneeggs, @gnoble79, @buccocapital, and @buccocapital
| Tage Kene-Okafor / TechCrunch: |
Dubai-based Huspy, which offers proptech tools to home buyers, property agents, and mortgage brokers, raised a $37M Series A led by Sequoia Capital India — Founders Fund has made its first investment in the Middle East by backing UAE-based proptech startup Huspy.
More:
PYMNTS.com and Tech in Asia
| Wall Street Journal: |
A look at LTD Broadband, which won rights to $1.3B in federal funds to deliver rural broadband in 15 states but missed deadlines and approvals to get the money — LTD Broadband won rights to $1.3 billion in federal funds to deliver broadband in parts of 15 states, then missed deadlines to qualify for money
Tweets: @ryanjtracy
| Manish Singh / TechCrunch: |
Singapore-based neobank Stashfin, available in India, raised a $270M Series C, with $70M equity and $200M debt, at a $700M-$800M valuation to expand in Asia — Singapore-based Stashfin has raised $270 million in a new funding round as the neobanking platform, which currently only serves customers in India …
More:
PYMNTS.com, Tech in Asia, Entrackr, and The Economic Times
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