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June 21, 2022, 12:50 PM
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| Andrew Rummer / The Block: |
BlockFi CEO Zac Prince says the crypto lender “signed a term sheet with FTX to secure a $250M revolving credit facility” — - BlockFi secures $250 million revolving credit facility from crypto exchange FTX. — The crypto lender says the deal ‘bolsters our balance sheet and platform strength.’
Source:
@blockfizac. More:
Benzinga, The Economic Times, Decrypt, CoinDesk, Bloomberg, Fortune, Coinspeaker, Crypto Briefing, Ethereum World News, CryptoPotato, Cryptonews, and PR Newswire
| Financial Times: |
South Korean prosecutors ban “dozens” of current and former Terraform Labs employees from leaving the country amid a probe into UST's and LUNA's collapse — South Korean prosecutors take action as they investigate embattled company behind the $40bn luna wipeout
More:
Reuters, Gizmodo, PYMNTS.com, Bloomberg, Benzinga, Newslit Daily, Bitcoinist.com, The Block, Blockworks, Micky, CryptoPotato, Crypto Adventure, Web3 is going just great, crypto.news, CryptoSlate, Protos, Crypto Briefing, and Ethereum World News
Tweets: @unifiedh, @unifiedh, @fatmanterra, @unifiedh, @thestalwart, @silvermanjacob, @fatmanterra, @niubi, @xoayquanh, @seldo, @johnreedstark, and @fatmanterra
| Yogita Khatri / The Block: |
Solana-based NFT marketplace Magic Eden raised a $130M Series B led by Electric Capital and Greylock at a $1.6B valuation, after a $27M Series A in March 2022 — - Magic Eden has scored a $1.6 billion valuation in its latest funding round. — The Solana-based NFT marketplace plans to launch on more blockchains.
More:
CoinDesk, PR Newswire, SiliconANGLE, TechCrunch, Crunchbase News, Bloomberg, Australian Financial Review, FinSMEs, NFT Evening, Decrypt, Forbes, Insider, and CoinJournal
Tweets: @magiceden, @tomgara, and @alex
| Financial Times: |
SpaceX's Starlink aid to Ukraine triggers scrutiny in China, as Chinese firms rush to deploy satellite constellations into low-earth orbit to compete — ‘Silicon Valley Iron Man’ is under pressure over satellites as Chinese rivals close in on Tesla — In the days after Vladimir Putin …
More:
CNBC, TechCrunch, and Benzinga
Tweets: @martijnrasser, @rrajagopalanjnu, @jkempenergy, @petercampbell1, @chassnews, @alitahmizian, and @bondhack
| Amrita Khalid / Engadget: |
Uber rebrands Uber Pool, paused in March 2020, as UberX Share and relaunches the service in NYC, LA, Chicago, San Francisco, and five other US cities — Uber suspended its shared rides service — Uber Pool — in the early months of the pandemic as a safety measure.
More:
Uber Newsroom, CNET, The Verge, CNBC, Bloomberg, New York Post, and Benzinga. Tweets: @carnage4life
| Gaspard Sebag / Bloomberg: |
France's antitrust watchdog declines to levy more fines against Google over paying publishers, as Google's commitments now address its concerns and are binding — Google brought an end to a dispute with publishers and avoided further fines after winning regulatory approval for pledges …
More:
Euractiv, The Economic Times, Google France, TechCrunch, Reuters, and Wall Street Journal
| New York Times: |
An investigation into Chinese government bidding documents details its huge surveillance apparatus, including ~500M cameras and extensive phone tracking tools — Times reporters spent over a year combing through government bidding documents that reveal the country's technological road map …
More:
New York Times. Tweets: @paulmozur, @meta_lab, @jjvincent, @paulmozur, @nytimes, @paulmozur, @rprose, @nytimes, @chinafile, and @paulmozur
| Richard MacManus / The New Stack: |
The Khronos Group forms the Metaverse Standards Forum with Nvidia, Meta, Epic Games, Unity, Microsoft, W3C, and others, seeking to improve interoperability — Interoperability — or lack thereof — is a key issue in the nascent metaverse industry. The Khronos Group aims to solve …
More:
ZDNet, VentureBeat, The Block, UploadVR, NVIDIA, SiliconANGLE, Road to VR, EnterpriseAI, Business Wire, and Metaverse Standards Forum
Tweets: @tomffiske, @keithdsouza, @ricmac, @ricmac, @ponyweb3, @whatleydude, @ricmac, @metaverse_forum, @nickstatt, @vishalshahis, @nickstatt, and @vishalshahis. Thanks:@ricmac
| Hannah Miller / Bloomberg: |
Crypto payments company MoonPay partners with Universal, Fox Corp., Death Row Records, and others to create NFT collections on its HyperMint service — Crypto payments company MoonPay is partnering with major entertainment brands as it expands further into the struggling nonfungible token market.
More:
CNBC, Metaverse Post, and The Block
| Bloomberg: |
Analysis: China had 19 of the world's 20 fastest-growing chip industry firms of the past four quarters, on average, compared to eight at the same time last year — China's chip industry is growing faster than anywhere else in the world, after US sanctions on local champions from Huawei Technologies Co … | Aisha Malik / TechCrunch: |
Meta unveils new monetization tools on Instagram and Facebook, including a marketplace on Instagram where brands can discover creators and pay them for content — Meta CEO Mark Zuckerberg announced today that the company is rolling out more ways for creators to make money on Facebook and Instagram … | Michelle Celarier / New York Magazine: |
An in-depth look at Tiger Global, the secretive hedge fund and VC firm led by Chase Coleman, as its huge bets on booming tech stocks led to a $25B+ loss by June — Secretive hedge fund Tiger Global changed the rules on tech investing. Then it all went bad.
Tweets: @acfou, @nymag, @jcoviedo6, @walt373, @churchillcap1, @alderlaneeggs, @gnoble79, @buccocapital, and @buccocapital
| Jessica Bursztynsky / CNBC: |
DocuSign says CEO Dan Springer “has agreed to step aside”, effective immediately; the company has lost 60% of its market value year to date — - DocuSign CEO Dan Springer is stepping down in his role after the e-signature software maker lost more than 60% of its value year to date.| Tage Kene-Okafor / TechCrunch: |
Dubai-based Huspy, which offers tools for home buyers, property agents, and mortgage brokers, announces a $37M Series A led by Sequoia Capital India — Founders Fund has made its first investment in the Middle East by backing UAE-based proptech startup Huspy.
More:
PYMNTS.com and Tech in Asia
| Tom Warren / The Verge: |
GitHub makes Copilot AI, which suggests lines of code to developers, generally available for $10/month or $100/year and says 1.2M+ developers tried the preview — Free for students and maintainers of popular open-source projects — Microsoft-owned GitHub is launching its Copilot AI tool today …
More:
TechCrunch and The GitHub Blog
| Kashmir Hill / New York Times: |
As part of its new Responsible AI Standard rules, Microsoft plans to remove Azure's facial analysis tools, which can estimate age, emotional state, and more — The technology giant will stop offering automated tools that predict a person's gender, age and emotional state and will restrict the use of its facial recognition tool.
More:
Microsoft On the Issues
| Joe Rossignol / MacRumors: |
iOS 16, iPadOS 16, and macOS Ventura add an Automatic Verification option, letting iCloud users bypass CAPTCHAs on websites and in apps that support the feature — Tapping on images of traffic lights or deciphering squiggly text to prove you are human will soon be a much less common nuisance …
More:
TechCrunch, Macworld, The Register, Mashable, AppleInsider, MacDailyNews, MobileSyrup, TechSpot, TechRadar, TNW, NextPit, 9to5Mac, Cult of Mac, iMore, BGR, iPhone Hacks, The Verge, PhoneArena, Engadget, iDownloadBlog.com, Redmond Pie, iPhone in Canada Blog, and The Mac Observer
Tweets: @dubois, @joecugeek, @mcelhearn, and @horizonsone
| Manish Singh / TechCrunch: |
Singapore-based neobank Stashfin, available in India, raised a $270M Series C, with $70M equity and $200M debt, at a $700M-$800M valuation to expand in Asia — Singapore-based Stashfin has raised $270 million in a new funding round as the neobanking platform, which currently only serves customers in India …
More:
Tech in Asia, Entrackr, and The Economic Times
| Wall Street Journal: |
A look at LTD Broadband, which won rights to $1.3B in federal funds to deliver rural broadband in 15 states but missed deadlines and approvals to get the money — LTD Broadband won rights to $1.3 billion in federal funds to deliver broadband in parts of 15 states, then missed deadlines to qualify for money
Tweets: @ryanjtracy
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