|
March 11, 2023, 8:10 PM
|
Mediagazer
memeorandum
WeSmirchTop News
| Semafor: |
Sources: some hedge funds are offering to buy startups' deposits at SVB for 60 to 80 cents on the dollar; Filing: ~96% of deposits as of Dec. 31 were uninsured — Hedge funds are offering to buy startups' deposits stranded at Silicon Valley Bank for as little as 60 cents on the dollar …
More:
The Information, Reuters, and Bloomberg
Mastodon:
@DataDrivenMD@fedified.com and @chockenberry@mastodon.social
| Bloomberg: |
Sources: the FDIC is racing to sell SVB's assets and make 30% to 50% or more of clients' uninsured deposits available as soon as Monday — US regulators overseeing the emergency breakup of SVB Financial Group are racing to sell assets and make a portion of clients' uninsured deposits available … | Thomas Seal / Bloomberg: |
Founders fear that the collapse of SVB, which had branches in the UK, Canada, China, Germany, India, Israel, and more, could wipe out startups around the world — The fallout from the collapse of Silicon Valley Bank is beginning to spread around the world.| Rob Wile / NBC News: |
In an email to sellers, Etsy warns that the SVB collapse is causing delays in processing payments; one seller says it would be “catastrophic” for his business — Etsy is warning sellers that the collapse of Silicon Valley Bank on Friday is causing delays in processing payments … | Sarah Perez / TechCrunch: |
Roblox and other companies disclose their exposure to SVB in SEC filings; Roblox says ~5% of its $3B cash and securities balance was at SVB as of February 28 — The fallout from the collapse of Silicon Valley Bank is impacting a range of startups and larger firms including …
Tweets:
@lcmichaelides, @frances_coppola, @alistairmbarr, @ericjackson, and @noahpinion
| TechCrunch: |
More:
Y Combinator Blog, NPR, New York Times, TechCrunch, Bloomberg, TechCrunch, The Information, Bloomberg, Forbes, What's Hot in Enterprise IT/VC, GeekWire, CNBC, Washington Post, Insider, and Politico
Mastodon:
@DataDrivenMD@fedified.com. Tweets:
@billackman, @ddisparte, @sumukhsridhara, @garrytan, @ericnewcomer, @fordm, @rokhanna, @jenn_elias, @jenn_elias, @karaswisher, @garrytan, @modestproposal1, @rolfewinkler, @jasonfurman, @heidibraun, @nycsouthpaw, @lorenasgonzalez, @wolfejosh, @1markmoss, @nikitabier, @film_girl, @buccocapital, @pt, @stanleyroberts, @amir, @karaswisher, @martinsfp, @kateclarktweets, @semaforben, @karaswisher, @clarajeffery, @hblodget, @danprimack, @nils_gilman, @__aston__, @paulg, @rolfewinkler, @howardlindzon, @aoc, @kateclarktweets, @silvermanjacob, @s_mikhailovich, @livefromvr, @epsilontheory, @eliotwb, @scott_wiener, @katie_roof, @kateclarktweets, @jsrailton, @jsrailton, @alexweprin, @brianroemmele, @cpa_trendlines, @yoda, @nmasc_, @dominicmadori, @cullend, @alex, and @bayareawriter
| Todd Spangler / Variety: |
More:
Bloomberg, SEC.gov, CNBC, Insider, Bill, CNN, Engadget, and Deadline
Tweets:
@mollypriddy, @tomgara, @adamblevine, @devincow, @xpangler, @mikeisaac, and @stephennellis
| Frank Chaparro / The Block: |
Circle says $3.3B of its ~$40B USDC reserves remain at Silicon Valley Bank and that the crypto payments firm will follow state and federal regulators' guidance — - After being largely silent on Friday, Circle said it has $3.3 billion in exposure to Silicon Valley Bank …
More:
Circle Blog, TechCrunch, The Maker Forum, Bloomberg, Decrypt, The Block, Cointelegraph, Engadget, The Block, Wu Blockchain, CNBC, CoinDesk, Fortune, CryptoSlate, CoinGape, CryptoGlobe, Crypto Daily, The Information, Cryptopolitan, The Daily Hodl, Bitcoinist.com, Ethereum World News, Bitcoin News, Web3 is Going Just Great, Cryptonews, and Reuters
Mastodon:
@jerry@infosec.exchange. Tweets:
@circle, @binance, @circle, @jerallaire, @evgenygaevoy, @unusual_whales, @wublockchain, @adamscochran, @asvanevik, @kobeissiletter, @pitdesi, @allnick, @northrocklp, @mikeisaac, @michaeljordaan, @mariuscrypt0, @lexnfx, @ddisparte, @edzitron, and @cryptowendyo
| New York Times: |
SBV collapse led to finger-pointing, as some crypto advocates preach and scold while some investors argue crypto collapses set the stage for SVB's collapse — The implosion of the Silicon Valley bank led to finger-pointing, as executives and investors jumped on the crisis for their own messaging.
More:
Insider. Mastodon:
@Jhorwitzz@mastodon.online, @stevetex@mastodon.social, @ncweaver@thecooltable.wtf, and @guacamayan@journa.host
Tweets:
@moshaikhs, @berkeleylaw, @w3sobeefy, @carnage4life, @hblodget, and @jossytweets
| Bloomberg: |
Coinbase and Binance temporarily suspend conversions of USDC; USDC depegged and traded at ~$0.90 as investors reacted to Circle's SVB exposure — The second-largest stablecoin in crypto fell from its intended $1 peg on Saturday, trading as low as 81.5 cents, hurt by the exposure …
More:
The Guardian, CoinDesk, The Block, Web3 is Going Just Great, Wall Street Journal, Ethereum World News, Bitcoin News, CryptoSlate, Cointelegraph, PBN3's Substack, CoinGape, Cryptopolitan, NewsBTC, Reuters, crypto.news, Cryptonews, Inside Bitcoins, Decrypt, Crowdfund Insider, Decrypt, ZyCrypto, and Coinpedia Fintech News
Tweets:
@coinbase, @coinbase, @simonpb, @matthew_d_green, @petergyang, and @edzitron
| Sarah Wynn / The Block: |
More:
Web3 is Going Just Great, crypto.news, and Cryptonews
Tweets:
@laurenshirsch, @justafamilyman_, @frances_coppola, and @bowtiedbull
| Lorenzo Franceschi-Bicchierai / TechCrunch: |
How the FBI proved that NetWire was a Remote Access Trojan and not a legitimate remote admin tool, leading to the seizure of the website selling the malware — On Thursday, the U.S. government announced that it had seized a website used to sell malware designed to spy on computers and cellphones.
More:
Krebs on Security and Department of Justice
Tweets:
@patrickwardle, @malwarejake, and @lorenzofb
| Gita Jackson / The Verge: |
Twitter is in decline and less stable under Elon Musk, echoing LiveJournal and Tumblr falling apart under new ownership that didn't understand their communities — Twitter is in a period of decline. The site still functions, people are still using it, but there's a familiar stink that lingers on the website.| Darrell Etherington / TechCrunch: |
An interview with Gowalla co-founder and CEO Josh Williams as he re-launches his location-based social networking app at SXSW, 14 years after its debut — One of the original location-based social apps is relaunching at SXSW - 14 years after its debut — Gowalla co-founder and CEO Josh Williams …
Tweets:
@jw
| Giovanni Colantonio / Digital Trends: |
After being prompted to create a Sudoku-like puzzle, ChatGPT “invented” a game called Sumplete that is nearly identical to at least one years-old mobile game — ChatGPT can add another job to its résumé: game developer. With just a few simple prompts from a user …
More:
Sumplete, Puzzled's Substack, Insider, and Gizmodo
Tweets:
@carnage4life, @tomchivers, @dannyrichman, @marcosbl, @psythor, @andrewmartonik, @marioprime, and @marioprime
| Austin Weinstein / Bloomberg: |
Filing: investors and depositors tried to pull $42B from SVB on March 9; the bank had a $958M negative cash balance on March 9, per a taking possession order — Investors and depositors tried to pull $42 billion from Silicon Valley Bank on Thursday in one of the biggest US bank runs in more than a decade … | CNBC: |
More:
Bank of England, The Lever, TechCrunch, FDIC, Washington Post, Forbes, New York Times, Bloomberg, Associated Press, Financial Times, The i Paper, Associated Press, The Wrap, Follow the Trend, Coinpedia Fintech News, CoinDesk, Dr. Hans Substack, CNBC, Sifted, ZeroHedge, and TechCrunch
Mastodon:
@briankrebs@infosec.exchange. Tweets:
@htaneja, @davidsacks, @circle, @davidmarcus, @parkerconrad, @repswalwell, @grdecter, @roshanpatei, @lulumeservey, @bhargreaves, @bhargreaves, @fdicgov, @davidsirota, @cramertracker, @thestalwart, @tier10k, @unusual_whales, @balajis, @nikitabier, @tier10k, @robblackwellab, @davidsirota, @apatelthompson, @alistairmbarr, @oneunderscore__, @cz_binance, @zerohedge, @garrytan, @alexandrascaggs, @justinwolfers, @wallstcynic, @shaig, @balajis, @bendwalsh, @eve6, @mattturck, @davidsirota, @davidfrum, @mollyjongfast, @jeffbercovici, @cryptadamist, @buccocapital, @balajis, @johnedeaton1, @xenollamas, @thetranscript_, @alexrkonrad, @ellebeyoud, @watcherguru, @sama, @erikvoorhees, @brendanpedersen, @nytimesbusiness, @unusual_whales, @autismcapital, @jeffjohnroberts, @jsrailton, @dancow, @twobitidiot, @danprimack, @tracyalloway, @espiers, @jasonzweigwsj, @katienotopoulos, @bondhack, @teroterotero, @zachweinberg, @alistairmbarr, @amir, and @jessicalessin
| Matt Levine / Bloomberg: |
More:
Monomythical, Reuters, Financial Times, Sifted, The Information, CNN, Fortune, Chartbook, New York Times, Forbes, Apricitas Economics, BBC, Financial Times, New York Post, Associated Press, Wall Street Journal, The Economist, CNBC, Vincent's Corner, TechCabal, The Block, Inc42 Media, Daring Fireball, TechSpot, Insider, Noahpinion, Vox, CoinGape, Silicon Canals, Protos, and Andrew's Substack
Tweets:
@billackman, @altcap, @garrytan, @garrytan, @mcuban, @bobeunlimited, @dicktofel, @mcuban, @davidu, @billackman, @nic__carter, @gaberivera, @autismcapital, @davidsirota, @thebenbergman, @sahilkapur, @flitteronfraud, @anandwrites, @jbarro, @rauchg, @eisingerj, @jamestitcomb, @alex_kirshner, @roybahat, @northmantrader, @aoc, @darrenpjones, @bobeunlimited, @matthewstoller, @thestalwart, @jhweissmann, @mattocko, @kevinrose, @vinnylingham, @jbarro, @the_real_fly, @thestalwart, @willjfang, @matthewstoller, @karaswisher, @ditzkoff, @momblogger, @kyliebytes, @mattyglesias, @jessefelder, @ronconway, @anandwrites, @tomaxwell, @peterfenton, @jessicalessin, @fttechnews, @gilbertjasono, @paulkrugman, @flitteronfraud, @mtkonczal, @carlquintanilla, @pitdesi, @pkafka, @mckonomy, @trengriffin, @menlobear, @amtvmedia, @drdenagrayson, @thestalwart, @dancow, @stilichoreads, @amazzara1, @moorehn, @gergelyorosz, @taylorlorenz, @alistairmbarr, @mattrosoff, and @rakeshlobster
Sponsor Posts
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.
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:
CIO challenge 6: Can we find an effective solution that also minimizes operational costs? — Welcome to the next and final installment of our CIO series! After what feels like a thousand cups of coffee …
CIO challenge 6: Can we find an effective solution that also minimizes operational costs? — Welcome to the next and final installment of our CIO series! After what feels like a thousand cups of coffee …
Hamming:
Make AI Voice Agents trustworthy — Hamming AI automatically tests AI voice agents and continuously monitors them in production.
Make AI Voice Agents trustworthy — Hamming AI automatically tests AI voice agents and continuously monitors them in production.
Techmeme Leaderboards:
Discover the top reporters on AI, VR, policy, and much more — We've analyzed Techmeme's news crawl to identify the most influential and prolific writers on 48 news topics. Download reports immediately for just $100.
Discover the top reporters on AI, VR, policy, and much more — We've analyzed Techmeme's news crawl to identify the most influential and prolific writers on 48 news topics. Download reports immediately for just $100.Who's Hiring In Tech?
Techmeme Ride Home:
Fri. 11/15 - Crypto Ascendant
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 PM ET, March 11, 2023.
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.
From Mediagazer
John Koblin / New York Times:Charlotte Tobitt / Press Gazette:
Reuters:
Upcoming Tech Events
More News
| Marie Woolf / Globe and Mail: |
More:
PCMag, Reuters, MobileSyrup, Techaeris, and Canadian Press
Tweets:
@johnwilson, @yoda, @justinhendrix, @awudrick, @mgeist, @melissambarki, @kkomaitis, @robertfife, @jason_kint, and @nanaslugdiva
| James Vincent / The Verge: |
More:
Bits, Bytes, and Bots and gHacks Technology News
Tweets:
@marywareham, @carnage4life, @adamsinger, @jjvincent, and @jonlamart