Techmeme
June 13, 2022, 8:10 AM

Top News

Celsius:
DeFi lending platform Celsius pauses “all withdrawals, Swap, and transfers between accounts”, citing extreme market conditions  —  We are writing with a very important message for our community.  —  Due to extreme market conditions, today we are announcing that Celsius is pausing …
More: tether.to, The Block, Wall Street Journal, CoinDesk, The Guardian, CNBC, Gizmodo, CoinDesk, Decrypt, TheStreet, Fortune, The Verge, Cointelegraph, Insider, Coinspeaker, Reuters, CryptoSlate, Coinpedia, TechSpot, Blockchain News, Cryptonews, CryptoGlobe, CryptoPotato, CoinJournal, Protos, Ethereum World News, Micky, The Block, CoinGape, Crypto Adventure, Meer of Mynder, Crypto Briefing, TechCrunch, Bloomberg, Tech in Asia, and QTR's Fringe Finance
Bloomberg:
Major cryptocurrencies are crashing: bitcoin drops by 10%+ to below ~$24K, ether drops by 20%+ to below $1.2K, Avalanche drops 20%+, and Solana drops 19%+  —  Bitcoin plunged to the lowest in about 18 months in Asia trading Monday as the impact of Friday's shock US inflation data continued to reverberate through global risk assets.
Matt Turner / Bloomberg:
As crypto tumbles, MicroStrategy, which owns 129K+ bitcoins, drops as much as 23%, while Coinbase, Riot Blockchain, and Marathon Digital each drop 14%+  —  Cryptocurrency-related stocks plunged in premarket trading Monday as Bitcoin tumbled to its lowest level in 18 months amid a deepening selloff …
Daniel Roberts / Decrypt:
Celsius' token CEL fell 70% in one hour after the DeFi lending giant suspended withdrawals, dropping to about ¢20 amid a broader crypto market slump  —  On Sunday night, with crypto markets already in freefall, controversial crypto lender Celsius announced it was suddenly pausing all customer withdrawals, swaps, and transfers.
Nitasha Tiku / Washington Post:
A look at advanced large language models, as Google places an engineer on paid leave after he became convinced that its LaMDA chatbot generator was sentient  —  AI ethicists warned Google not to impersonate humans.  Now one of Google's own thinks there's a ghost in the machine.
Gary Marcus / The Road to AI We Can Trust:
Mark Gurman / Bloomberg:
Molly White:
A skeptical look at crypto as a foundation for self-sovereign identity and some likely dystopian outcomes, as Buterin, Dorsey, and others explore the idea  —  Anonymity and trustlessness are central to the crypto world.  People don't have to attach real-world identities to crypto wallets …
Michael McSweeney / The Block:
AnnaMaria Andriotis / Wall Street Journal:
Sources: Apple plans to use Apple ID data for identity verification and fraud prevention in its BNPL service, alongside credit reports and FICO scores  —  Tech giant will approve borrowers and fund loans itself rather than rely on a bank  —  Apple Inc. tiptoed into finance with Apple Pay …
Annie Palmer / CNBC:
How Amazon entices creators to join its Influencer Program, which launched in 2017 and pays a commission for generated sales, by flying them to resorts and more  —  - Last month, Amazon hosted more than a dozen Instagram, TikTok and YouTube stars at a glitzy Mexico resort.

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.
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.
Zoho:
5 common accounting mistakes  —  This is a guest post by Yaali Bizappln Solutions.  A lot of businesses manage their customers and finances on separate platforms.  This disconnect often leads to missed invoices …
Hamming:
Make AI Voice Agents trustworthy  —  Hamming AI automatically tests AI voice agents and continuously monitors them in production.
Techmeme Ride Home:
Fri. 11/22 - An LLM Siri But... Only The Year AFTER Next?
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 8:10 AM ET, June 13, 2022.

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.

More News

Robert Burnson / Bloomberg:

Earlier Picks

Mitchell Clark / The Verge: