|
March 11, 2023, 4:30 PM
|
Mediagazer
memeorandum
WeSmirchTop News
| Frank Chaparro / The Block: |
Circle says $3.3B of its ~$40B USDC reserves remain at Silicon Valley Bank and that the crypto payments firm will follow state and federal regulators' guidance — - After being largely silent on Friday, Circle said it has $3.3 billion in exposure to Silicon Valley Bank …
More:
The Maker Forum, CoinDesk, Cointelegraph, The Block, Wu Blockchain, Bitcoin News, ZyCrypto, NewsBTC, Cryptopolitan, CoinGape, Cryptonews, Decrypt, Reuters, and Coinpedia Fintech News
Tweets:
@circle, @binance, @circle, @kobeissiletter, @mikeisaac, @unusual_whales, @cryptowendyo, @wublockchain, @edzitron, @asvanevik, @pitdesi, @allnick, @michaeljordaan, and @lexnfx
| Bloomberg: |
Coinbase and Binance temporarily suspend conversions of USDC into USD; USDC depegged and traded at ~$0.90 as investors reacted to Circle's SVB exposure — The second-largest stablecoin in crypto fell from its intended $1 peg on Saturday, trading as low as 81.5 cents, hurt by the exposure …
More:
CoinDesk, The Guardian, The Block, Wall Street Journal, Cointelegraph, Reuters, CNBC, crypto.news, Inside Bitcoins, Decrypt, Crowdfund Insider, Cryptopolitan, NewsBTC, Coinpedia Fintech News, CoinGape, Cryptonews, Ethereum World News, The Information, and CoinJournal
Tweets:
@coinbase, @coinbase, @matthew_d_green, @simonpb, @petergyang, and @edzitron
| New York Times: |
SBV collapse led to finger-pointing, as some crypto advocates preach and scold while some investors argue crypto collapses set the stage for SVB's collapse — The implosion of the Silicon Valley bank led to finger-pointing, as executives and investors jumped on the crisis for their own messaging.
More:
Insider. Mastodon:
@guacamayan@journa.host and @ncweaver@thecooltable.wtf
Tweets:
@carnage4life, @w3sobeefy, @moshaikhs, @hblodget, and @jossytweets
| Krisztian Sandor / CoinDesk: |
Circle's USDC has seen $1B in net redemptions since SVB's collapse and lost its $1 peg, after Circle said SVB is one of six banks managing USDC cash reserves — Stablecoin issuer Circle held an undisclosed amount of USDC's cash reserves at now-failed Silicon Valley Bank.| Lorenzo Franceschi-Bicchierai / TechCrunch: |
How the FBI proved that NetWire was a Remote Access Trojan and not a legitimate remote admin tool, leading to the seizure of the website selling the malware — On Thursday, the U.S. government announced that it had seized a website used to sell malware designed to spy on computers and cellphones.
More:
Krebs on Security and Department of Justice
Tweets:
@lorenzofb, @patrickwardle, and @malwarejake
| Semafor: |
Sources: some hedge funds are offering to buy startups' deposits at SVB for 60 to 80 cents on the dollar; Filing: ~96% of deposits as of Dec. 31 were uninsured — Hedge funds are offering to buy startups' deposits stranded at Silicon Valley Bank for as little as 60 cents on the dollar …
More:
The Information, Insider, and Cooley
Tweets:
@heetermaria, @alistairmbarr, @fchollet, @rakeshlobster, @rhinovian, @armanddoma, @reedalbergotti, @_drew_mccoy_, and @lizrhoffman
| Sarah Wynn / The Block: |
Filing: crypto lender BlockFi, which filed for bankruptcy in November 2022, has $227M in uninsured funds in SVB; BlockFi may have violated US bankruptcy law — - Crypto lender Blockfi has millions in uninsured funds because the cash is a money market mutual fund, according to a bankruptcy document filed on Friday.
More:
Cryptonews and crypto.news
Tweets:
@laurenshirsch, @justafamilyman_, @frances_coppola, and @bowtiedbull
| Thomas Seal / Bloomberg: |
More:
Sky News, The Economic Times, South China Morning Post, and TechCrunch
Tweets:
@kprescott, @joshmedia, @gramblings, @secretcfo, @benparr, @moving_charlie, @matthfield, @lynnmdoan, @mikegatto, @tw_seal, @anothercohen, @israelipm, @cornelialake, and @tw_seal
| Todd Spangler / Variety: |
More:
SEC.gov, CNBC, Insider, Bill, CNN, Engadget, The Economic Times, and Deadline
Tweets:
@mollypriddy, @tomgara, @adamblevine, @devincow, @xpangler, @mikeisaac, and @stephennellis
| TechCrunch: |
More:
NPR, New York Times, The Information, Bloomberg, Forbes, GeekWire, Washington Post, What's Hot in Enterprise IT/VC, CNBC, Insider, TechCrunch, CNBC, U.S. Department …, Politico, and Axios
Tweets:
@davidsacks, @billackman, @ddisparte, @sumukhsridhara, @ericnewcomer, @garrytan, @fordm, @jenn_elias, @jenn_elias, @rokhanna, @buccocapital, @nikitabier, @clarajeffery, @nycsouthpaw, @aoc, @modestproposal1, @livefromvr, @paulg, @semaforben, @danprimack, @kateclarktweets, @karaswisher, @pt, @howardlindzon, @__aston__, @wolfejosh, @garrytan, @rolfewinkler, @rolfewinkler, @jasonfurman, @heidibraun, @lorenasgonzalez, @film_girl, @stanleyroberts, @amir, @karaswisher, @martinsfp, @karaswisher, @hblodget, @nils_gilman, @kateclarktweets, @s_mikhailovich, @scott_wiener, @eliotwb, @katie_roof, @kateclarktweets, @jsrailton, @jsrailton, @alexweprin, @brianroemmele, @cpa_trendlines, @yoda, @nmasc_, @dominicmadori, @cullend, @alex, and @bayareawriter
| Gita Jackson / The Verge: |
Twitter is in decline and less stable under Elon Musk, echoing LiveJournal and Tumblr falling apart under new ownership that didn't understand their communities — Twitter is in a period of decline. The site still functions, people are still using it, but there's a familiar stink that lingers on the website.| Giovanni Colantonio / Digital Trends: |
After being prompted to create a Sudoku-like puzzle, ChatGPT “invented” a game called Sumplete that is nearly identical to at least one years-old mobile game — ChatGPT can add another job to its résumé: game developer. With just a few simple prompts from a user …
More:
Sumplete, Puzzled's Substack, Insider, and Gizmodo
Tweets:
@carnage4life, @tomchivers, @dannyrichman, @marcosbl, @psythor, @andrewmartonik, @marioprime, and @marioprime
| Sarah Perez / TechCrunch: |
Roblox and other companies disclose their exposure to SVB in SEC filings; Roblox says ~5% of its $3B cash and securities balance was at SVB as of February 28 — The fallout from the collapse of Silicon Valley Bank is impacting a range of startups and larger firms including …
More:
Insider, Fortune, The Information, Bloomberg, BIG by Matt Stoller, and Philip Elmer‑DeWitt
Tweets:
@carnage4life, @noahpinion, @alistairmbarr, and @lcmichaelides
| Austin Weinstein / Bloomberg: |
Filing: investors and depositors tried to pull $42B from SVB on March 9; the bank had a $958M negative cash balance on March 9, per a taking possession order — Investors and depositors tried to pull $42 billion from Silicon Valley Bank on Thursday in one of the biggest US bank runs in more than a decade … | Matt Levine / Bloomberg: |
More:
Reuters, New York Times, CNN, Financial Times, Sifted, Insider, Fortune, The Information, Forbes, The Block, BBC, Chartbook, Vincent's Corner, CNBC, Wall Street Journal, The Economist, Financial Times, Vox, TechCabal, Noahpinion, CoinGape, TechSpot, Inc42 Media, Silicon Canals, Andrew's Substack, The Economic Times, and Protos
Tweets:
@htaneja, @billackman, @garrytan, @altcap, @garrytan, @mcuban, @bobeunlimited, @davidu, @nic__carter, @dicktofel, @mcuban, @flitteronfraud, @paulkrugman, @roybahat, @samirkaji, @rauchg, @peterfenton, @jhweissmann, @mattyglesias, @tomaxwell, @kevinrose, @aoc, @ditzkoff, @jessefelder, @willjfang, @sahilkapur, @anandwrites, @billackman, @flitteronfraud, @carlquintanilla, @pitdesi, @gaberivera, @autismcapital, @davidsirota, @thebenbergman, @anandwrites, @jbarro, @eisingerj, @jamestitcomb, @alex_kirshner, @northmantrader, @darrenpjones, @bobeunlimited, @matthewstoller, @thestalwart, @mattocko, @vinnylingham, @jbarro, @the_real_fly, @thestalwart, @matthewstoller, @karaswisher, @momblogger, @kyliebytes, @ronconway, @jessicalessin, @fttechnews, @gilbertjasono, @mtkonczal, @pkafka, @mckonomy, @trengriffin, @menlobear, @amtvmedia, @drdenagrayson, @thestalwart, @dancow, @stilichoreads, @amazzara1, @moorehn, @gergelyorosz, @taylorlorenz, @alistairmbarr, @mattrosoff, @rakeshlobster, @mckonomy, @annmlipton, @silviakillings, @besttrousers, @davidmwessel, @tcarmody, and @walthickey
| CNBC: |
More:
TechCrunch, The Lever, FDIC, New York Times, Bank of England, Financial Times, Wall Street Journal, The i Paper, The Wrap, Follow the Trend, Associated Press, Fortune, CoinDesk, TechCrunch, ZeroHedge, CNBC, Dr. Hans Substack, Coinpedia Fintech News, Sifted, Exit Fuel 🛢️, Financial Times, and The Information
Mastodon:
@briankrebs@infosec.exchange. Tweets:
@davidmarcus, @circle, @parkerconrad, @grdecter, @repswalwell, @roshanpatei, @lulumeservey, @bhargreaves, @bhargreaves, @fdicgov, @cramertracker, @thestalwart, @tier10k, @unusual_whales, @davidsirota, @nikitabier, @balajis, @balajis, @balajis, @tier10k, @johnedeaton1, @robblackwellab, @davidsirota, @apatelthompson, @alistairmbarr, @oneunderscore__, @cz_binance, @davidsirota, @zerohedge, @garrytan, @alexandrascaggs, @wallstcynic, @justinwolfers, @shaig, @thetranscript_, @xenollamas, @ellebeyoud, @alexrkonrad, @sama, @watcherguru, @brendanpedersen, @erikvoorhees, @nytimesbusiness, @bendwalsh, @unusual_whales, @eve6, @davidfrum, @mollyjongfast, @jeffbercovici, @cryptadamist, @buccocapital, @autismcapital, @jeffjohnroberts, @jsrailton, @dancow, @twobitidiot, @danprimack, @tracyalloway, @espiers, @jasonzweigwsj, @katienotopoulos, @bondhack, @teroterotero, @bhargreaves, @zachweinberg, @alistairmbarr, @amir, @jessicalessin, @taylorlorenz, @brendanpedersen, @business, @modestproposal1, @mikeisaac, @ericnewcomer, @cate_long, @karlbode, @charlesarthur, @maxkennerly, @kendrawrites, @anthony, @lexnfx, @decloet, @kevinyun, @josephpolitano, @antoniogm, @twobitidiot, @goldman, @anthony, @max_fisher, @pkedrosky, @sifill_, @nycjim, @asanwal, @lulumeservey, @jamestitcomb, @immad, @bhargreaves, @ellenhuet, @sruhle, @regulatorynerd, and @cloud_opinion
| Bill Toulas / BleepingComputer: |
Brazil is seizing shipments of Flipper Zero, a $169 portable security penetration testing tool for wireless devices, due to its alleged use in criminal activity — The Brazilian National Telecommunications Agency is seizing incoming Flipper Zero purchases due to its alleged use in criminal activity … | Darrell Etherington / TechCrunch: |
An interview with Gowalla co-founder and CEO Josh Williams as he re-launches his location-based social networking app at SXSW, 14 years after its debut — One of the original location-based social apps is relaunching at SXSW - 14 years after its debut — Gowalla co-founder and CEO Josh Williams …
Tweets:
@jw
| James Vincent / The Verge: |
LinkedIn's decision to start publishing “AI-powered conversation starters” to provoke discussions is a milestone and may herald semiautomated social networks — It makes sense that LinkedIn would be the first major social network to push AI-generated content on its users.
More:
gHacks Technology News. Tweets:
@marywareham, @carnage4life, @jjvincent, @jonlamart, and @adamsinger
Sponsor Posts
Meta:
Open Source AI: Available to all, not just the few — Meta's open source AI enables small businesses, start-ups, students, researchers and more to download and build with our models at no cost.
Open Source AI: Available to all, not just the few — Meta's open source AI enables small businesses, start-ups, students, researchers and more to download and build with our models at no cost.
Zoho:
How remote support can make your Christmas stress-free — As Christmas approaches, the air fills with the anticipation of joy, family gatherings, and gift-giving. While the season brings immense happiness …
How remote support can make your Christmas stress-free — As Christmas approaches, the air fills with the anticipation of joy, family gatherings, and gift-giving. While the season brings immense happiness …
Genesys:
Executive Insights: The Era of Contact Center AI Copilots — How AI copilots are transforming customer experience and agent performance.
Executive Insights: The Era of Contact Center AI Copilots — How AI copilots are transforming customer experience and agent performance.
Tribe AI:
Build AI products that matter — Tribe AI helps organizations rapidly deploy AI solutions that have real business impact. We bring together world class AI talent and tooling to drive differentiated results.
Build AI products that matter — Tribe AI helps organizations rapidly deploy AI solutions that have real business impact. We bring together world class AI talent and tooling to drive differentiated results.Who's Hiring In Tech?
Techmeme Ride Home:
(BNS) Calvin And Hobbes - With Daniel Kibblesmith
The day's tech news, every day at 5pm ET. Fifteen minutes and you're up to date.
Subscribe via
Apple Podcasts,
Spotify, or
RSS.
About This Page
This is a Techmeme archive page. It shows how the site appeared at 4:30 PM ET, March 11, 2023.
The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.
From Mediagazer
Benjamin Mullin / New York Times:Reuters:
Inside Radio:
Upcoming Tech Events
Earlier Picks
| Casey Newton / Platformer: |
More:
Washington Post. Mastodon:
@Gargron@mastodon.social and @mike@flipboard.social
Tweets:
@deepsekharc and @deepsekharc