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July 15, 2022, 2:25 PM
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| Kadhim Shubber / Financial Times: |
In a court filing, CEO Alex Mashinsky said Celsius was owed $439M by a “private lending platform”, which sources say is specialist finance company EquitiesFirst — Specialist finance group owes $439mn to digital assets lender — A mysterious debtor to Celsius Network referenced …
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Attack of the 50 Foot …, Coppola Comment, CoinDesk, The Block, Crypto Briefing, Wu Blockchain, Bloomberg, Gizmodo, PYMNTS.com, Ars Technica, and TechCrunch
Tweets: @kadhim, @kadhim, @nkulw, @kadhim, @bennetttomlin, @alexhern, @silvermanjacob, @fd, @dirtybubblemed3, @0x, @richardbistrong, and @eliotwb
| Bloomberg: |
Celsius' Chapter 11 filing shows that its biggest creditor, to which it owes $81.1M, is obscure fund Pharos, which has staff with links to Sam Bankman-Fried — Among the more than 100,000 creditors of Celsius Network Ltd., the crypto lender that filed for bankruptcy on Wednesday, one entity stands out: Pharos USD Fund SP.
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CryptoSlate, The Register, Fortune, Ethereum World News, and CNBC
Tweets: @emilyjnicolle, @emilyjnicolle, @adamlevitin, @bwilliliou, and @markets
| Yueqi Yang / Bloomberg: |
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CoinDesk, Wall Street Journal, CoinDesk, Gizmodo, The Block, PC Gamer, Bitcoin Magazine, Protos, Financial Times, and Protocol
Tweets: @ian_fraser, @eisingerj, @eliotwb, and @edzitron
| Ivan Mehta / TechCrunch: |
Twitter is testing custom timelines built by developers that list content around specific themes, starting with one about The Bachelorette in the US and Canada — Twitter is testing a new feature that will show users custom timelines built by developers that will merge Tweets …
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The Verge, iPhone in Canada Blog, Adweek, and Android Headlines
Tweets: @jaysullivan, @michellemanafy, and @andreitr
| Dan Goodin / Ars Technica: |
Chainalysis: the 30-day moving average of crypto sent to mixers hit a record $51.8M in April 2022, as funds from sanctioned and criminal groups almost doubled — Despite a significant Achilles' heel, mixers are seeing unprecedented demand. — The amount of cryptocurrency flowing …
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Chainalysis, Metacurity, Cointelegraph, Crowdfund Insider, Cryptonews, Blockchain News, Decrypt, Slashdot, Blockworks, and CyberScoop
Tweets: @chainalysis, @wublockchain, and @malwarejake
| Dana Mattioli / Wall Street Journal: |
Sources: Amazon has reduced its white label product selection and mulled exiting the business altogether, amid weak sales and mounting regulatory pressure — Executives also have discussed exiting the business entirely to address regulatory pressure — Amazon.com Inc. AMZN 0.21%▲ …
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Vox, Bloomberg, Reuters, Gizmodo, Input, Reuters, Newslit Daily, The 21 Hats Morning Report, PYMNTS.com, CNBC, Benzinga, The Economic Times, and European Commission
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| CoinDesk: |
How crypto broker Voyager, which generated interest on deposits by loaning crypto assets, collapsed after its largest borrower Three Arrows Capital defaulted — In an industry where counterparties are tightly bound together by a weave of debt and leverage, dominoes can fall fast and hard.| Allison Johnson / The Verge: |
Nothing phone (1) review: a good midrange phone with snappy performance but the glyph notification system is mostly gimmicky and battery performance is not good — Nothing claims its new Phone 1 can “Bring us back. To us" with “deeper interactions” and “brave simplicity.”
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Android Authority, Tech Advisor, Wired, NDTV Gadgets 360, Android Authority, 9to5Google, CNET, Gizmodo, XDA Developers, Engadget, and NextPit
Tweets: @olliecapa26 and @mkbhd
| Andrew Tarantola / Engadget: |
Meta unveils Make-A-Scene, an exploratory AI research project that turns a user's sketches and text descriptions into 2,048 x 2,048-pixel images — Text-to-image generation is the hot algorithmic process right now, with OpenAI's Craiyon (formerly DALL-E mini) and Google's Imagen AIs unleashing tidal waves …
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Meta AI. More:
Meta, Silicon Republic, Cybernews.com, Fossbytes, Financial Times, TechRadar, SiliconANGLE, Social Media Today, BigTechWire, Gizchina, and Politico
Tweets: @alexvoica, @metaai, @metaai, @boztank, @scobleizer, @kyrickyoung, @owswills, @officialkrishd, @atypicaldavid, and @mulwa_bebop
| Chris Metinko / Crunchbase News: |
Investment in VC-backed crypto companies fell to $9.3B in H1 2022, down from a record $12.5B invested during H1 2021; deal flow increased from 456 to 534 — The crypto winter is not descending upon just holders of digital currency—but also those startups looking for funding.
More:
CoinDesk
| Christine Hall / TechCrunch: |
Okendo, which provides customer review tools to e-commerce brands, has raised a $26M Series A led by Base10 Partners, bringing its total funding to $33.5M — No merchant likes a bad customer review and Okendo, a customer marketing platform, announced $26 million in Series A funding today …
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Refresh Miami and FinSMEs
| Kate Park / TechCrunch: |
SmartBank, which offers a prepaid card and finance app in Japan, has raised a $20M Series A, bringing its total funding to $30M — Shota Horii, his twin brother Yuta Horii and Jun Taketani co-founded SmartBank in 2019 after selling their previous startup Fablic, a Japanese online secondhand marketplace, to Rakuten in 2016.| Krisztian Sandor / CoinDesk: |
Circle releases a detailed, but unaudited, breakdown of its reserve assets for USDC, showing $42.1B in short-term US government bonds and $13.6B in cash — The asset breakdown comes at a time when crypto firms and their finances are under increasing scrutiny in the ongoing crypto credit crisis.
More:
Circle Blog, SiliconANGLE, Bitcoinist.com, Cointelegraph, CryptoSlate, watcher.guru, and PYMNTS.com. Tweets: @jerallaire
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