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July 2, 2022, 8:40 PM
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| Arthur Hayes / Entrepreneur's Handbook: |
After 3AC's collapse, centralized lenders with exposure to 3AC had failed, while their decentralized counterparts liquidated collateral and continued operating — This current crypto nuclear bear market marks my third brush with generalised market carnage.
More:
Blockworks, Axios, Yard Couch, The Economic Times, The Block, and Cryptonews
Tweets: @cryptohayes, @mdudas, @matthuang, @stacyannj, @lukeyoungblood, @bwertz, @garrytan, @pt, and @wublockchain
| Jeremy Hill / Bloomberg: |
Three Arrows Capital files for Chapter 15 bankruptcy, protecting its US assets from creditors while a British Virgin Islands court carries out a liquidation — Crypto hedge fund Three Arrows Capital has filed for Chapter 15 bankruptcy, a move that protects its US assets while a liquidation is carried out in the British Virgin Islands.
More:
CoinDesk, The Verge, Reuters, Financial Times, Inside Bitcoins, Decrypt, ETH Daily, Bitcoin News, crypto.news, Ethereum World News, The Block, CryptoPotato, TechCrunch, CoinDesk, Broadcast, and The Weekly Update
Tweets: @thestalwart, @coindesk, and @scottmelker
| Michael McSweeney / The Block: |
Voyager Digital suspends trading, deposits, withdrawals, and rewards citing market conditions, after issuing a default notice to 3AC in June over a ~$650M loan — - “This was a tremendously difficult decision, but we believe it is the right one given current market conditions,” CEO Stephen Ehrlich said in a statement.
More:
Yahoo Finance, NODE from Voyager, Amy Castor, Bloomberg, Cryptopolitan, Cointelegraph, Reuters, Decrypt, and crypto.news
Tweets: @mdudas, @zachweinberg, @moonlamboio, @investvoyager, @alexhern, @bitboy_crypto, @modern_rock, and @preetbanerjee
| Mitchell Clark / The Verge: |
Google plans to auto-delete visits to abortion clinics, domestic violence shelters, weight loss centers, and other sensitive places from users' location history — Along with visits to other potentially sensitive locations — Google says it'll start automatically deleting visits to abortion clinics …
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The Keyword, New York Times, TechCrunch, Associated Press, The Guardian, CNBC, Politico, Bloomberg, Reuters, PCMag, MobileSyrup, Mashable, TheStreet, The Register, BetaNews, Variety, Neowin, Tech Xplore, The Hill, Deadline, Washington Post, USA Today, Engadget, Wall Street Journal, 9to5Google, and Protocol
Tweets: @patrickmcgee_, @ihnatko, @oliviaolanderr, @marxculture, @greengart, @evan_greer, @gerritd, @nikkiusher, @attorneynora, @evan_greer, and @hughlangley
| Yiwen Lu / Washington Post: |
RadioShack, purchased by private equity firm REV in 2020, reintroduces itself as a crypto exchange trying to attract users with a stream of often profane tweets — Gen Z may not be familiar with the RadioShack of their grandparents, but they're getting to know its replacement.
More:
Mashable, NBC News, Slashdot, The Hill, Wired, Sencha The Tea, and New York Magazine
| Alex Barinka / Bloomberg: |
In a letter to nine GOP senators, TikTok says China-based employees who clear internal security protocols can access certain information on TikTok's US users — TikTok, the viral video-sharing app owned by China's ByteDance Ltd., said certain employees outside the US can access information …
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New York Times, NPR, 9to5Mac, Financial Times, Insider, Reuters, AppleInsider, PhoneArena, iMore, Gizchina, Deadline, The Hacker News, ChinaTechNews.com, The Register, Michael Tsai, MacRumors, The Mac Observer, South China Morning Post, Variety, PYMNTS.com, BuzzFeed News, The Guardian, CNBC, Gizmodo, The Verge, and Dexerto
| Olga Kharif / Bloomberg: |
Meta plans to shut down Novi, its digital wallet pilot, on September 1, 2022; users will no longer be able to add money to their accounts starting on July 21 — The remainder of the cryptocurrency project that Meta Platforms Inc.'s Founder Mark Zuckerberg took a beating over from Congress is officially shutting down.
More:
CoinDesk, The Verge, Engadget, CNBC, PCMag, Mashable, The Block, CryptoSlate, Novi, and Protocol
Tweets: @jamesplloyd, @web3isgreat, @business, @pii77ggkcmp, @miraf123, @georgedonnelly, @danheld, @keithdsouza, and @novi
| TechCrunch: |
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New York Times, The Block, Insider, KnowTechie, PCMag, TheStreet, CoinDesk, Gizchina, Silicon Valley Business …, PYMNTS.com, Metaverse Post, crypto.news, Engadget, CoinQuora, Coinspeaker, Coinmonks, Micky, and Cryptonews
Tweets: @navdeep_ua, @mjhaugen, @reuters, @autismcapital, @geoffreyhuntley, @therealjoshye, @iftikharpost, @paul_reviews, @martinsfp, and @larakiara
| Nelson Rauda Zablah / New York Times: |
How El Salvador President Nayib Bukele weaponized bitcoin to whitewash his government's growing authoritarianism on the world stage and spread local propaganda — SAN SALVADOR — Bitcoiners — enthusiasts of the world's most popular cryptocurrency — aren't supposed to trust government.
Tweets: @fredbenenson, @nytopinion, @schwarz, @stalfel, @silvermanjacob, @senyorreporter, @mpaarlberg, @ben_mckenzie, @raudaz_, @mdudas, @ncweaver, and @fraying
| Ionut Ilascu / BleepingComputer: |
HackerOne says an employee stole vulnerability reports submitted through its bug bounty platform and disclosed them to seven companies for financial rewards — A HackerOne employee stole vulnerability reports submitted through the bug bounty platform and disclosed them to affected customers to claim financial rewards.
Tweets: @ionut_ilascu
| Dan Primack / Axios: |
BlockFi agrees to an option to be acquired by FTX for up to $240M, plus a $400M revolving credit facility; BlockFi CEO: “we continue to see a healthy ecosystem” — Troubled crypto lender BlockFi said Friday that it agreed to an option to be acquired by FTX for up to $240 million.
More:
BlockFi, Bloomberg, Blockworks, Inside Bitcoins, Decryptor0 Newsletter, CryptoPotato, CryptoSlate, Coinspeaker, watcher.guru, Crowdfund Insider, Blockworks, Fortune, Crypto Briefing, Protocol, TechCrunch, and Forbes
Tweets: @blockfizac, @blockfizac, @concodanomics, @brett_ftx, @sbf_ftx, @pt, @pitdesi, @frances_coppola, @crypto, @ummjackson, @byrnehobart, @tomaxwell, @krugermacro, @stephanlivera, @haseeb, @northrocklp, @forexlive, @tomaxwell, @twobitidiot, @coindesk, @tomaxwell, @danprimack, @danprimack, @tomaxwell, @ryanlawler, and @benhuh
| Megha Paul / Tech.eu: |
London-based Vita Mojo, which makes restaurant software for digital ordering and kitchen management, has raised $30M led by Battery Ventures — UK-based platform enables digital ordering in restaurants and more efficient kitchen and delivery operations through its software
More:
Business Wire, Sky News, Vita Mojo, and FinSMEs
| Andrew Deck / Rest of World: |
New rules in India that make Twitter's local chief compliance officer criminally liable for not complying with government orders may be fueling recent takedowns — Observers say Twitter's recent takedowns in India highlight how new laws make it easier to censor journalists and dissidents.Sponsor Posts
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