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May 10, 2022, 1:30 PM
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memeorandum
WeSmirchTop News
| Brian Heater / TechCrunch: |
Apple discontinues the iPod touch, leaving the device on sale “while supplies last” and ending the product line after debuting the original iPod in October 2001 — Last October marked 20 years of the iPod. It's a remarkable run in the cutthroat, always-iterating world of consumer electronics.
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Apple, The Verge, 9to5Mac, MacRumors, Gizmodo, Bloomberg, Thurrott, ZDNet, Engadget, AppleInsider, MacRumors, CNET, iDownloadBlog.com, The Mac Observer, MacStories, iPhone in Canada Blog, and iMore
| Stacy-Marie Ishmael / Bloomberg: |
A look at Do Kwon's algorithmic UST stablecoin, designed to trade at $1, after it fell as low as $0.60; CoinMarketCap says there are 18.5B UST in circulation — Algorithmic stablecoins, like their more “traditional” counterparts, are supposed to provide calm in the chaos of crypto.
More:
Gizmodo, CNBC, Newslit Daily, Crypto Daily, CNBC, Crowdfund Insider, Protos, Crypto Briefing, and Uncommon Cents
Tweets: @stablekwon, @el33th4xor, @bqprime, @crypto, @sandeepnailwal, @stablekwon, @maybebullish, @molly0xfff, @emilyjnicolle, @crypto, @twobitidiot, @alastairjmarsh, @azeem, @babacugs, @crypto, @refsrc, and @bitfinexed
| Sam Reynolds / CoinDesk: |
Binance resumes withdrawals of LUNA and UST tokens after suspending them for about six hours due to a high volume of pending withdrawals and “network slowness” — Binance has resumed withdrawals of LUNA and UST tokens after the two tokens crashed on Tuesday on the back of a broader fall in the crypto markets.
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Binance, @mhonkasalo, The Block, TradingBTC.com, The Jus, Cointelegraph, Waivly, Cryptonews, and Decrypt
Tweets: @binance, @hasufl, @edzitron, @bitfinexed, @karlbode, @thecryptolark, @mhonkasalo, @thecryptolark, @mayazi, @markgutman9, and @silvermanjacob
| Michael D McDonald / Bloomberg: |
More:
Crypto Briefing, Bitcoin Magazine, CoinQuora, and Cointelegraph
Tweets: @nayibbukele, @nayibbukele, @justinsuntron, @nayibbukele, @pt, and @markets
| Sam Kessler / CoinDesk: |
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The Block, Cointelegraph, The Block, The Block, Krakken's Research, Coinmonks, Bitcoin News, Bloomberg, Coin Metrics' State …, Noticas Crypto, CoinQuora, Forkast, The Mint, Fintech Brain Food 🧠, Mashable, and Cryptopolitan
Tweets: @jonwu_, @stablekwon, @saylor, @hasufl, @tracyalloway, @sbf_ftx, @thestalwart, @kevinsekniqi, @terra_money, @wublockchain, @asvanevik, @0xdoug, @terra_money, @erikvoorhees, @cyber_hokie, @alexhern, @joemccann, @molly0xfff, @petermccormack, @jonwu_, @ryansadams, @timbray, @trustlessstate, and @carnage4life
| Jordan Novet / CNBC: |
At Monday's close, the largest US tech companies lost $1T+ in value over three trading sessions; Apple lost $220B, Microsoft $189B, Amazon $173B, and Meta $70B — - Apple, the most valuable publicly traded company, has seen its market capitalization trimmed by over $200 billion since Wednesday … | Laurence Fletcher / Financial Times: |
Analysis: Tiger Global has lost about $17B in 2022 during the tech stock sell-off, erasing around two-thirds of its gains made since 2001 in four months — Hedge fund suffers ‘breathtaking’ drop as speculative stocks sink from pandemic peaks — Tiger Global has been hit by losses …
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Reuters. Tweets: @birdyword, @journofletcher, @alderlaneeggs, @dkthomp, @hkanji, @litcapital, @martinsfp, @refsrc, @breakoutpoint, @ron_miller, and @puppyeh1
| New York Times: |
Sources: in a note to employees, Netflix executives say an ad-supported tier could launch in Q4 2022 — Executives said they were aiming to introduce an ad-supported, lower-priced subscription tier in the last three months of the year, quicker than originally indicated.
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Android Authority, Engadget, TechCrunch, The Verge, Protocol, Variety, t3.com, CNBC, KnowTechie, IndieWire, Mashable, iMore, Reuters, Android Headlines, GameSpot, and The Streamable
Tweets: @loudmouthjulia, @mattbelloni, @michaelguimarin, @pkafka, @pkafka, and @pkafka
| James Pearson / Reuters: |
The UK and EU say Russia launched a cyberattack on satellite internet network Viasat at the onset of the Ukraine war in late February, affecting many in Ukraine — Russia was behind a massive cyberattack against a satellite internet network which took thousands of modems offline at the onset …
Source:
GOV.UK and European Council. More:
CyberScoop, CNN, MIT Technology Review, VICE, PCMag, BBC, NBC News, Metacurity, BleepingComputer, The Record, Engadget, TechCrunch, SecurityWeek, ComputerWeekly.com, Euractiv, Politico, and Infosecurity
Tweets: @pwnallthethings, @ridt, @trussliz, @eucouncilpress, @hatr, @ale_paulus, @mfa_austria, @mikko, @netblocks, @azeem, @iiyonite, @780thc, and @ale_paulus
| Steve Dent / Engadget: |
Sony reports Q4 gaming revenue rose 4.9% YoY to ~$5.1B; PS5 sales were 2M, reaching 19.3M in total, around 3.1M behind the PS4 at the same point in time — Sony announced that it sold just 2 million PlayStation 5 units last quarter (Q4), bringing its overall total to 19.3 million.
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Sony, Bloomberg, Game Developer, Reuters, IGN, Eurogamer.net, Kotaku, OnMSFT.com, Forbes, MobileSyrup, VentureBeat, Bloomberg, Android Central, PCMag, TechSpot, Engadget, and Variety
Tweets: @romudeth, @gibbogame, @tomwarren, and @6d6f636869
| Thomas Claburn / The Register: |
Study claims the implementation of EU's GDPR has reduced the number of apps on Google Play by a third, increased costs, and reduced revenues for app developers — Privacy rules increase cost, reduce choice, slash revenues, study concludes — Europe's data protection regime has reduced … | New York Times: |
Interviews with 50+ people detail Bolt's meteoric rise, which involved overstating tech and performance, as its valuation went from $250M to $11B in three years — The start-up has had a meteoric rise, thanks to its charismatic co-founder, Ryan Breslow. But he sometimes stretched the truth to get there.| Ionut Ilascu / BleepingComputer: |
Researchers detail a malicious campaign that used Windows event logs to store malware, a technique that has not been previously documented publicly in attacks — Security researchers have noticed a malicious campaign that used Windows event logs to store malware, a technique …
Source:
Securelist. More:
Recent Gists from sbasu7241, gHacks Technology News, TechRadar, and TechSpot
| Callan Quinn / The Block: |
Casa, which offers a “self-custody” bitcoin wallet and just launched an API to help businesses integrate multi-sig wallets, raises a $21M Series A — Quick Take — Casa has raised $21 million in a round led by Acrew Capital. — The company also announced a new API … | Hayden Field / Emerging Tech Brew: |
A profile of influential quantum computing physicist Jerry Chow, who joined IBM in 2010 and leads IBM Quantum, which said it broke the 100-qubit barrier in 2021 — We visited Jerry Chow, one of the field's most influential scientists, at IBM's quantum research lab.
Tweets: @haydenfield, @pstasiatech, and @joshsternberg
| Corin Faife / The Verge: |
Report: ICE has used private data brokers to bypass legal restrictions and build a surveillance system capable of “pulling detailed dossiers” for most US adults — Authors of the American Dragnet study say the agency is increasingly unaccountable to legislators| Bloomberg: |
Nintendo reports Q4 revenue rose 6% YoY to ~$2.9B as profit rose 0.6% YoY to $922M; Switch sales were 4.11M, for 23.1M total; Nintendo will split its stock 10:1 — Nintendo Co. will split its stock into 10 from October, potentially propping up the shares as the Mario creator struggles …
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Nintendo, The Verge, Game Developer, VentureBeat, Livemint, GameSpot, IGN, VentureBeat, Financial Times, CNBC, and Polygon
Tweets: @wsj, @6d6f636869, @6d6f636869, @muradahmed, and @tomwarren
| Manish Singh / TechCrunch: |
Crypto exchange KuCoin raises a $150M pre-Series B led by Jump Crypto at a $10B valuation, up from $100M in November 2018, and says it has 18M+ users — KuCoin's valuation has surged to $10 billion in its first financing round in four years as the global cryptocurrency exchange looks …
More:
CoinDesk, FinSMEs, Crowdfund Insider, Forbes, Cointext.com, Tech in Asia, and CoinJournal. Tweets: @jonrussell
| Frederic Lardinois / TechCrunch: |
Supabase, an open-source Firebase alternative, raises an $80M Series B led by Felicis Ventures and says 80K+ devs have created 100K+ databases on the service — Supabase, which bills itself as an open source alternative to services like Google's Firebase, today announced that it has raised … | Paul Alcorn / Tom's Hardware: |
Intel unveils Alder Lake HX laptops chips coming this year, with up to 16 cores, peak clock rates of 5.0 GHz, and a 55W base power draw that can stretch to 157W — Up to 16 cores, 5.0 GHz, and 157W of peak power draw — Intel is bulking up its family of Alder Lake mobile CPUs …
More:
HotHardware.com News, AnandTech, The Verge, Gizmodo, Forbes, PCWorld, ZDNet, PCMag, XDA Developers, Engadget, VentureBeat, VideoCardz.com, Liliputing, and Intel. Thanks:@paulyalcorn
| Aisha Malik / TechCrunch: |
TikTok will roll out its “Friends” tab, dedicated to watching your “friends' videos”, to more people over the coming weeks, replacing the “Discover” tab — TikTok is rolling out a new “Friends” tab that replaces the “Discover” tab in the bottom menu of the app.
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iMore
| Yogita Khatri / The Block: |
Talos, a crypto trading infrastructure startup for institutional investors, raises a $105M Series B led by General Atlantic at a $1.25B valuation — Quick Take — Talos is now a unicorn with $105 million in new funding from Citigroup, Wells Fargo and others.| Ingrid Lunden / TechCrunch: |
Paddle, which provides a billing backend for SaaS companies, raises a $200M Series D led by KKR at a $1.4B valuation, bringing its total raised to $293M — Software as a service has become the default for how organizations adopt and use apps these days, thanks to advances in cloud computing and networking …
More:
Paddle, PYMNTS.com, FinSMEs, AppleInsider, iMore, Silicon Canals, Tech.eu, VentureBeat, and Finextra. Tweets: @ingridlunden
| Hannah Miao / CNBC: |
Upstart, which uses AI to gauge creditworthiness, cuts its 2022 revenue forecast down from $1.4B to $1.25B, citing rising interest rates; stock plummets 60%+ — - Shares of Upstart plummeted Tuesday after the AI consumer lending platform cut its full-year revenue outlook.
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Silicon Valley Business … and Reuters
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