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May 10, 2022, 9:30 AM
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| Stacy-Marie Ishmael / Bloomberg: |
A look at Do Kwon's algorithmic UST stablecoin, designed to trade at $1, after it fell as low as $0.60; CoinMarketCap says there are 18.5B UST in circulation — Algorithmic stablecoins, like their more “traditional” counterparts, are supposed to provide calm in the chaos of crypto.
More:
CNBC, Crypto Daily, Crypto Briefing, CoinDesk, Uncommon Cents, and Benzinga
Tweets: @stablekwon, @el33th4xor, @bitfinexed, @twobitidiot, @sandeepnailwal, @crypto, @alastairjmarsh, @azeem, @emilyjnicolle, @babacugs, @crypto, and @refsrc
| Sam Reynolds / CoinDesk: |
Binance has temporarily suspended withdrawals of LUNA and UST tokens due to a high volume of pending withdrawals and “network slowness and congestion” — Binance has resumed withdrawals of LUNA and UST tokens after the two tokens crashed on Tuesday on the back of a broader fall in the crypto markets.
More:
Binance, @mhonkasalo, Finbold, Decrypt, Cointelegraph, Cryptonews, CryptoPotato, and Ethereum World News
Tweets: @binance, @hasufl, @thecryptolark, @bitfinexed, @mayazi, @mhonkasalo, @thecryptolark, @markgutman9, and @silvermanjacob
| Sam Kessler / CoinDesk: |
CoinMarketCap: UST stablecoin loses its USD peg, falling as low as $0.60, after the Luna Foundation Guard pledges $1.5B of its bitcoin reserves to support UST — TerraUSD (UST) has lost its dollar peg for the second time in three days, falling to as low as $0.95 on Monday …
More:
CoinDesk, Decrypt, Benzinga, The Mint, The Block, Coin Metrics' State …, Fintech Brain Food 🧠, Bloomberg, Cointelegraph, Noticas Crypto, CoinQuora, Forkast, Blog Tien So, Cryptopolitan, Micky, CoinJournal, and PYMNTS.com
Tweets: @jonwu_, @stablekwon, @hasufl, @tracyalloway, @sbf_ftx, @thestalwart, @kevinsekniqi, @terra_money, @ryansadams, @cyber_hokie, @0xdoug, @alexhern, @zguz, @trader1sz, @martiniguyyt, @darealmilkbagz, @joemccann, @molly0xfff, @terra_money, @forgash_, @thestalwart, @crypto, @jonwu_, @officialtravlad, @mylifeindefi, @kevinsekniqi, @terra_money, @carnage4life, @erikvoorhees, @nzkoz, @dlauer, @timbray, @antoniogm, @mdudas, @cbarraford, @trustlessstate, @guilletorrealba, and @coindesk
| Bloomberg: |
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Glassnode Insights, The Verge, Android Authority, Crypto Briefing, Inside Bitcoins, CNBC, Cryptopolitan, Axios, Cointelegraph, SiliconANGLE, Politico, CoinDesk, The Daily Hodl, Bitcoinist.com, The Crypto Basic, Financial Times, Bloomberg, CNBC, and Bloomberg
Tweets: @nayibbukele, @mcuban, @nayibbukele, @lfg_org, @saylor, @saylor, @cryptomanran, @schwarz, @thinkingbitmex, @maybebullish, @bennetttomlin, @nayibbukele, @jeffjohnroberts, @film_girl, @zachweinberg, @cz_binance, @cz_binance, @sartoshi_nft, @thestalwart, @cryptowhale, @timbray, @iamjosephyoung, @tier10k, @ryansadams, and @nlw
| Jordan Novet / CNBC: |
At Monday's close, the largest US tech companies lost $1T+ in value over three trading sessions; Apple lost $220B, Microsoft $189B, Amazon $173B, and Meta $70B — - Apple, the most valuable publicly traded company, has seen its market capitalization trimmed by over $200 billion since Wednesday … | Laurence Fletcher / Financial Times: |
Analysis: Tiger Global has lost about $17B in 2022 during the tech stock sell-off, erasing around two-thirds of its gains made since 2001 in four months — Hedge fund suffers ‘breathtaking’ drop as speculative stocks sink from pandemic peaks — Tiger Global has been hit by losses …
More:
Reuters. Tweets: @puppyeh1, @refsrc, @ron_miller, @martinsfp, @journofletcher, @birdyword, @alderlaneeggs, @hkanji, and @breakoutpoint
| Thomas Claburn / The Register: |
Study claims the implementation of EU's GDPR has reduced the number of apps on Google Play by a third, increased costs, and reduced revenues for app developers — Privacy rules increase cost, reduce choice, slash revenues, study concludes — Europe's data protection regime has reduced …
Source:
NBER. More:
Telecoms.com and Ziggurat
Tweets: @s8mb, @alecstapp, @mattyglesias, @rdmetcalfe, @jwaldfogel, @jwaldfogel, @jmkorhonen, @privacymatters, @mikarv, @punished_stu, @iwillleavenow, @emollick, @ggooooddddoogg, @jwaldfogel, @can, @maggythebrave, @stroughtonsmith, @jathansadowski, @pt, @carnage4life, @stokel, @alexhern, @alexhern, @pt, @robertjbateman, @hootonoliver, @scottygib, @cyber_mark, @missig_geek, @webdevlaw, @stayleyvegas, @katebevan, @detig, and @robsmallshire
| James Pearson / Reuters: |
The UK and EU say Russia launched a cyberattack on satellite internet network Viasat at the onset of the Ukraine war in late February, affecting many in Ukraine — Russia was behind a massive cyberattack against a satellite internet network which took thousands of modems offline at the onset …
Source:
European Council and GOV.UK. More:
Metacurity, TechCrunch, Politico, Euractiv, and The Hill
Tweets: @trussliz, @ale_paulus, @ale_paulus, @azeem, @780thc, @mikko, @netblocks, and @eucouncilpress
| Ionut Ilascu / BleepingComputer: |
Researchers detail a malicious campaign that used Windows event logs to store malware, a technique that has not been previously documented publicly in attacks — Security researchers have noticed a malicious campaign that used Windows event logs to store malware, a technique … | The Information: |
Sources: Meta is considering reducing the money it gives news outlets and focusing on news content as short videos on Facebook rather than as links to articles — Meta Platforms is considering reducing the money it gives news organizations as it reevaluates the partnerships it struck …
More:
Reuters. Tweets: @kevin_raposo, @pookleblinky, @vickerysec, @dskok, @noupside, @taylorlorenz, @therriaultphd, @jason_kint, @darth, @tara_mulholland, @jeffjarvis, @katzish, @arielbogle, @kendallybrown, @simonowens, @sylviavarnham, @dsilverman, @skenigsberg, @blackamazon, @kevinmarks, and @markdistef
| Steve Dent / Engadget: |
Sony reports Q4 gaming revenue rose 4.9% YoY to ~$5.1B; PS5 sales were 2M, reaching 19.3M in total, around 3.1M behind the PS4 at the same point in time — Sony announced that it sold just 2 million PlayStation 5 units last quarter (Q4), bringing its overall total to 19.3 million.
More:
Sony, Forbes, PCMag, Bloomberg, Benzinga, Reuters, Engadget, Eurogamer.net, Polygon, IGN, Bloomberg, Variety, and VentureBeat
Tweets: @gibbogame, @tomwarren, and @6d6f636869
| Manish Singh / TechCrunch: |
Crypto exchange KuCoin raises a $150M pre-Series B led by Jump Crypto at a $10B valuation, up from $100M in November 2018, and says it has 18M+ users — KuCoin's valuation has surged to $10 billion in its first financing round in four years as the global cryptocurrency exchange looks …
More:
CoinDesk, Bloomberg, VentureBeat, CoinJournal, Cointext.com, Forbes, Tech in Asia, and Tech News. Tweets: @jonrussell
| Washington Post: |
Researchers: Elon Musk, who vowed to defeat Twitter's “spam bots or die trying”, has long benefited from “fanbots” boosting Tesla shares and deriding critics — Mechanized accounts have sought to boost Tesla shares, deride critics and push the pending takeover of Twitter.
More:
Nieman Lab, Wall Street Journal, Bloomberg, Insider, TechCrunch, and CNN
| Dan Goodin / Ars Technica: |
F5 disclosed and patched an actively exploited critical bug last week in its BIG-IP products that act as load balancers and firewalls within enterprise networks — Flaw in widely used gear from F5 executes root commands, no password necessary. — Researchers are marveling at the scope …
More:
Security Affairs, Threatpost, SecurityWeek, Randori, SC Media, iTWire, GovInfoSecurity, The Daily Swig, The Hacker News, Dark Reading, and SCYTHE Unicorn Library
Tweets: @malwarejake, @wdormann, @realgenekim, @z3r0trust, @wdormann, and @carmencrincoli
| Ingrid Lunden / TechCrunch: |
Paddle, which provides a billing backend for SaaS companies, raises a $200M Series D led by KKR at a $1.4B valuation, bringing its total raised to $293M — Software as a service has become the default for how organizations adopt and use apps these days, thanks to advances in cloud computing and networking …
More:
AppleInsider, FinSMEs, Finextra, Silicon Canals, Tech.eu, and VentureBeat. Tweets: @ingridlunden
| Bloomberg: |
Match Group sues Google, alleging the company abuses its power with a requirement that developers use Google's billing system for Android apps in the Play Store — Match Group Inc. accused Alphabet Inc.'s Google in a lawsuit of acting as a monopolist with its app store billing rules …
More:
The Keyword, The Verge, New York Times, Protocol, Telecoms.com, iPhone in Canada Blog, FOSS Patents, Fossbytes, Mashable, Neowin, and TechCrunch
| Owen S. Good / Polygon: |
Tencent-owned Riot Games sues ByteDance-owned Moonton, alleging the Chinese studio is ripping off Wild Rift, the mobile version of League of Legends — After shutting down a Chinese developer's copy, another sprouts in North American app stores — Riot Games, makers of League of Legends …
More:
Reuters, GamesIndustry.biz, Dot Esports, SegmentNext, Pandaily, and Bloomberg
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TechCrunch, Engadget, Forbes, PCMag, Meta, Cointelegraph, Gizchina, Waivly, Silicon Republic, TNW, Engadget, Micky, Pocket-lint, Blockonomi, CryptoPotato, Phandroid, Decrypt, Platformer, and Coinspeaker