Techmeme
June 13, 2022, 3:30 PM

Top News

Celsius:
DeFi lending platform Celsius pauses “all withdrawals, Swap, and transfers between accounts”, due to “extreme market conditions” and citing its Terms of Use  —  We are writing with a very important message for our community.  —  Due to extreme market conditions …
More: tether.to, VICE, CoinDesk, CNBC, The Register, TechCrunch, Financial Times, Bloomberg, Australian Financial Review, The Verge, Crunchbase News, New York Times, The Block, American Banker, HotHardware.com News, TheStreet, Cointelegraph, Quartz, Finbold, ExtremeTech, Myth of Money, Politico, watcher.guru, The Daily Hodl, Heretic Speculator, Bloomberg, The Guardian, GamesTX, web3lunch, Reuters, CoinQuora, CryptoSlate, Input, CryptoGlobe, Axios, CoinJournal, crypto.news, Crypto Adventure, Coinpedia, CryptoPotato, Cryptonews, Crypto's Newsletter, Ethereum World News, Bitcoinist.com, Blockchain News, Fortune, Bitcoin Magazine, TechSpot, Insider, Defillama round-up🦙, Coinspeaker, Protos, Crowdfund Insider, CoinGeek, Off to Lunch, Bitcoin News, Engadget, The Economic Times, Blockworks, Cryptopolitan, Mashable, The Crypto Lobby, Crypto Briefing, Newslit Daily, Fast Company, Tech in Asia, Meer of Mynder, CoinGape, and TechCrunch
Tweets: @celsiusnetwork, @mashinsky, @mikeburgersburg, @nexo, @nexo, @wassielawyer, @schillersmith, @web3isgreat, @blockfizac, @dadkins_, @wublockchain, @lawmaster, @0xkyle__, @ryansadams, @nic__carter, @cobie, @kadhim, @tether_to, @lawmaster, @danprimack, @ericnewcomer, @debdrens, @claritytoast, @bradydale, @prestonpysh, @stephendpalley, @eatinginmycar, @cobie, @truthcoin, @celsiusnetwork, @zerohedge, @nic__carter, @santisiri, @claritytoast, @wublockchain, @timccopeland, @felixsalmon, @peterschiff, @kasmiyouness1, @ben_mckenzie, @bneiluj, @firstadopter, @zachweinberg, @howardlindzon, @lopp, @litcapital, @bondhack, @zachweinberg, @caspiancey, @briannawu, @charlesarthur, @johndiesattheen, @brian_frank, @0xfoobar, @silvermanjacob, @pkedrosky, @convertbond, @firstadopter, @susanlitv, @patio11, @chadsgx, @xtremetom, @lsukernik, @bobbybigwheel, @flynnjamm, @zguz, @samuelhburke, @amlivemon, @lindy_yuppie, @liebermanaustin, @mayazi, @howardlindzon, @cobie, @bakkooonn, @carrascosacris_, @pt, @mdudas, @howardlindzon, @ryansadams, @dicktugging, @zerohedge, @hgesol, @mikeisaac, @howardlindzon, @danprimack, @wyatt_privilege, @qtrresearch, @wmiddelkoop, @jeffjohnroberts, @suhail, @econoar, @caspiancey, @kurtwuckertjr, @mayazi, @defiyst, @mdudas, @silvermanjacob, @gcrclassic, @robustus, @nobsbitcoin, @matthuang, @kr00ney, @matthewstoller, @jimcramer, @timccopeland, @hsakatrades, @lawmaster, @karlbode, @teroterotero, @defiprime, @pt, @mattflannery, @cobie, @readdanwrite, @mdudas, and @cobie
Brandy Betz / CoinDesk:
Bloomberg:
Major cryptocurrencies crash as the crypto market cap falls below $1T: bitcoin drops 16%+ to ~$23K, ether drops 18%+ to ~$1.2K, and Solana drops 16%+ to ~$28  —  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 cryptocurrencies tumble, MicroStrategy, which owns 129K+ bitcoins, drops up to 28%; Coinbase, Riot Blockchain, and Marathon Digital each drop as far as 15%+  —  Cryptocurrency-related stocks plunged on Monday as Bitcoin tumbled to its lowest level in 18 months amid a deepening selloff …
Daniel Roberts / Decrypt:
Gary Marcus / The Road to AI We Can Trust:
Despite differences within the AI community, pretty much all AI experts find the notion that Google's LaMDA might be sentient completely ridiculous  —  No, LaMDA is not sentient.  Not even slightly. … Blaise Aguera y Arcas, polymath, novelist, and Google VP, has a way with words.
New York Times:
Microsoft and the CWA union announce a deal that would make it easier for Activision Blizzard's ~7,000 US employees to unionize after the acquisition closes  —  The accord could ease the path for thousands of workers to unionize at the game company Microsoft is acquiring and addresses an antitrust objection.
Sarah Lord / CNET:
Amazon plans to test drone deliveries in Lockeford, California, after receiving FAA approval to service the town, for products ordered through Amazon Prime Air  —  The service will be called Prime Air and will use drones with sense-and-avoid systems to deliver packages safely.  —  Sarah Lord
Tom Warren / The Verge:
Microsoft updates Teams to improve echo cancellation and room acoustics on calls using ML models, resulting in less clipping when callers interrupt each other  —  Your Teams calls should sound a lot better  —  Microsoft has spent the past two years adding flashy new productivity features to Teams …
Muyao Shen / Bloomberg:
A look at Ethereum staking service Lido Finance, which holds 4M+ ether, or 32% of the total being staked, raising concerns over centralization  —  A cryptocurrency project touted as helping to democratize the Ethereum blockchain is coming under criticism for potentially taking too much control …
Molly White:
A skeptical look at whether crypto can offer self-sovereign identity services without 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 …

Sponsor Posts

Termina:
AI Powered Diligence at Scale  —  VCs and founders deploy Termina AI Scans on >12% of all known series A+ deals to uncover hidden risks and opportunities.  Explore how you too can invest and build better companies with AI.
Intel:
Intel Delivers powerful CPUs for AI and Networking  —  With the onset of AI, businesses demand powerful and efficient CPUs.  Explore new Intel Xeon 6 processors, for the broadest set of workloads with leadership performance and lower TCO.
Zoho:
The future of remote AR support: Why Zoho Lens is the ideal choice  —  Imagine this: Your field technician is on site assessing malfunctioning heavy machinery.  Instead of waiting for an expert to travel to the location …
IDrive:
Protecting your Cloud Applications Data  —  Backing up Office 365, Google Workspace, Dropbox & Box data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.

Featured Podcasts

Techmeme Ride Home:
E2EE For All!
The day's tech news, every day at 5pm ET. Fifteen minutes and you're up to date.
Subscribe to Techmeme Ride Home.
Decoder with Nilay Patel:
Why Trump can't be trusted with Congress' new anti-deepfake bill
A show from the Verge about big ideas - and other problems.
Subscribe to Decoder with Nilay Patel.
Lenny's Podcast:
Inside Bolt: From near-death to ~$40m ARR in 5 months--one of the fastest-growing products in history | Eric Simons (founder & CEO of StackBlitz)
Interviews with world-class product leaders and growth experts to uncover actionable advice to help you build, launch, and grow your own product.
Subscribe to Lenny's Podcast.
The Logan Bartlett Show:
Flexport CEO Ryan Petersen Breaks Down the Global Impact of Trump's New Tariffs
A podcast hosted by Logan Bartlett, an investor at Redpoint Ventures, covering tech with industry insiders.
Subscribe to The Logan Bartlett Show.
Generative Now:
Dan Shipper: The First MultiModal Media Company
A podcast from Lightspeed dedicated to highlighting the stories, strategies and insights behind today's most exciting AI companies.
Subscribe to Generative Now.
Spotlight On:
Nebius's Arkady Volozh on What it Takes to Build Infrastructure Needed for the AI Era
A podcast from Accel about how companies are built, from the people doing the building.
Subscribe to Spotlight On.
 

About This Page

This is a Techmeme archive page. It shows how the site appeared at 3:30 PM 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

Corin Faife / The Verge:

Earlier Picks