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July 1, 2022, 7:00 PM
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memeorandum
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| Dan Primack / Axios: |
BlockFi says it agreed to an option to be acquired by FTX for up to $240M; the deal also includes a $400M revolving credit facility from FTX — Troubled crypto lender BlockFi said Friday that it agreed to an option to be acquired by FTX for up to $240 million.
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Bloomberg, The Block, Blockworks, CoinDesk, Blockworks, SiliconANGLE, PYMNTS.com, Protocol, TechCrunch, Decrypt, Cointelegraph, CryptoSlate, Crowdfund Insider, Fortune, Forbes, Crypto Briefing, Bitcoin Magazine, ZyCrypto, Crunchbase News, and Financial Times
Tweets: @blockfizac, @blockfizac, @sbf_ftx, @frances_coppola, @crypto, @brett_ftx, @pitdesi, @ummjackson, @byrnehobart, @danprimack, @tomaxwell, @krugermacro, @stephanlivera, @tomaxwell, @tomaxwell, @haseeb, @northrocklp, @pt, @danprimack, @ryanlawler, @tomaxwell, @forexlive, @twobitidiot, @benhuh, and @coindesk
| Mitchell Clark / The Verge: |
Google plans to auto-delete user visits to medical facilities like abortion clinics, domestic violence shelters, and weight loss centers from location histories — Along with visits to other potentially sensitive locations — Google says it'll start automatically deleting visits to abortion clinics …
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The Keyword, New York Times, Engadget, Protocol, Wall Street Journal, 9to5Google, Bloomberg, and Washington Post
Tweets: @patrickmcgee_, @attorneynora, and @hughlangley
| Alex Barinka / Bloomberg: |
In a letter to nine GOP senators, TikTok says China-based employees who clear internal security protocols can access certain information on TikTok's US users — TikTok, the viral video-sharing app owned by China's ByteDance Ltd., said certain employees outside the US can access information …
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New York Times, 9to5Mac, AppleInsider, Insider, Financial Times, MacRumors, South China Morning Post, PYMNTS.com, NBC News, The Guardian, Engadget, Reuters, Variety, Michael Tsai, The Mac Observer, BuzzFeed News, Gizmodo, CNBC, The Verge, and Dexerto
Tweets: @ruima, @davidshepardson, @sayssimonson, @c_aashish, and @martinsfp
| Dan Milmo / The Guardian: |
The EU agrees on new crypto rules, including measures guarding against market abuse and requiring crypto firms to disclose environmental impacts of their assets — MiCA law contains measures to guard against market abuse and manipulation — The EU has moved to rein in the “wild west” …
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CNBC, European Parliament, Council of the EU, Reuters, TechCrunch, Protocol, Finextra, Wall Street Journal, CoinGape, Cointelegraph, DeFi Education Fund's …, PYMNTS.com, CryptoPotato, CoinDesk, Financial Times, Reuters, Fortune, Gizmodo, Cryptonews, Cryptopolitan, Curated Coins, Engadget, Blockworks, TechCircle, Forkast, Bitcoin News, Reuters, Crowdfund Insider, and Slashdot
| Wall Street Journal: |
Sources: Klarna is nearing a deal to raise ~$650M mostly from existing investors led by Sequoia Capital at a ~$6.5B valuation, down from $45.6B in June 2021 — The deal would be a huge comedown for the company, which investors valued at $45.6 billion in 2021
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Bloomberg, Finextra, PYMNTS.com, Crowdfund Insider, Protocol, Financial Times, TechCrunch, and Slashdot
Tweets: @pip_net, @stevekovach, @kr00ney, @carnage4life, @nope_its_lily, @lesliepicker, @timsteno, @joemccann, @dalygavin, @alderlaneeggs, and @danprimack
| Michael McSweeney / The Block: |
Voyager Digital temporarily suspends trading, deposits, and withdrawals citing market conditions, after issuing a default notice to 3AC in June on a ~$650M loan — - “This was a tremendously difficult decision, but we believe it is the right one given current market conditions,” CEO Stephen Ehrlich said in a statement.
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Yahoo Finance, NODE from Voyager, Bloomberg, Decrypt, Reuters, and Protocol
Tweets: @moonlamboio, @investvoyager, @alexhern, @bitboy_crypto, @modern_rock, and @preetbanerjee
| Jeremy Hill / Bloomberg: |
Three Arrows Capital files for Chapter 15 bankruptcy, a move that protects its US assets while a liquidation is carried out in the British Virgin Islands — Crypto hedge fund Three Arrows Capital has filed for Chapter 15 bankruptcy, a move that protects its US assets while a liquidation is carried out in the British Virgin Islands.| Chance Miller / 9to5Mac: |
Biden to award a posthumous Medal of Freedom to Steve Jobs for changing the way the world communicates and transforming the computer, music, and film industries — The Biden Administration has announced the recipients of the Presidential Medal of Freedom for this year.
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The White House, CNET, The Independent, Silicon Valley Business …, BetaNews, CRN, AppleInsider, San Francisco Chronicle, Al Jazeera, Insider, Wall Street Journal, Fox News, Metro.co.uk, TheStreet, WebProNews, CNBC, iMore, SlashGear, iPhone in Canada Blog, PCMag, Neowin, Appleosophy, The Verge, CNET, TechCrunch, Digital Trends, MacRumors, Wccftech, Engadget, Tom's Hardware, iDownloadBlog.com, and The Mac Observer
Tweets: @masonpelt, @rfreling, @harrymccracken, @gaberivera, @stevekovach, @petersagal, @grahamstarr, and @nkulw
| Olga Kharif / Bloomberg: |
Meta will shut down Novi, its digital wallet pilot, on September 1; users will no longer be able to add money to their accounts starting July 21 — The remainder of the cryptocurrency project that Meta Platforms Inc.'s Founder Mark Zuckerberg took a beating over from Congress is officially shutting down.| Natasha Lomas / TechCrunch: |
The European Commission says Amazon agreed to drop “dark patterns” from the process required to unsubscribe from its Prime membership across its sites in the EU — Amazon has agreed to simplify the process required for cancelling its Prime membership subscription service across …
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European Commission, The Economic Times, TechRadar, PCMag, and Silicon Republic
Tweets: @finnmyrstad, @ii1111, @airavn, and @dreynders
| Che Pan / South China Morning Post: |
Over 10 Chinese entities establish openKylin, an open-source code community to develop a homegrown desktop OS and reduce China's reliance on Windows and macOS — The city has matured considerably despite being new to governing itself following the handover in 1997.
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TechSpot, MacDailyNews, and Beyond Search
| Craig Silverman / ProPublica: |
Google gave user data to Russian ad company RuTarget, including potentially sensitive info about users in Ukraine, four months after the US sanctioned RuTarget — The internet giant may have provided Sberbank-owned RuTarget with unique mobile phone IDs, IP addresses, location information … | New York Times: |
Netflix executives say they don't plan to change programming; two bank analysts say a cheaper ad-supported tier could cannibalize the higher-paying subscribers — Long Hollywood's leading innovator, the streaming service is staying the course, despite serious challenges to its business and questions about its content.
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iPhone in Canada Blog and Bloomberg
Tweets: @benmullin, @benmullin, @brooksbarnesnyt, @michellemanafy, @richlightshed, and @kennethturan
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