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May 10, 2022, 11:50 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.
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The Verge, Newslit Daily, Crowdfund Insider, CNBC, CNBC, Crypto Daily, Uncommon Cents, Crypto Briefing, CoinDesk, and Benzinga
Tweets: @stablekwon, @stablekwon, @el33th4xor, @molly0xfff, @sandeepnailwal, @maybebullish, @bitfinexed, @emilyjnicolle, @crypto, @twobitidiot, @alastairjmarsh, @azeem, @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, The Block, @mhonkasalo, The Jus, Protos, Cointelegraph, Cryptonews, and Decrypt
Tweets: @binance, @hasufl, @karlbode, @bitfinexed, @thecryptolark, @mhonkasalo, @thecryptolark, @mayazi, @markgutman9, and @silvermanjacob
| Michael D McDonald / Bloomberg: |
More:
Crypto Briefing, Ethereum World News, and CoinGape
Tweets: @nayibbukele, @nayibbukele, @justinsuntron, @markets, @nayibbukele, and @pt
| Sam Kessler / CoinDesk: |
More:
The Block, Decrypt, The Block, Cointelegraph, The Block, Coinmonks, Bitcoin News, Mashable, The Mint, Benzinga, Bloomberg, Coin Metrics' State …, Noticas Crypto, CoinQuora, Forkast, Fintech Brain Food 🧠, Cryptopolitan, and Blog Tien So
Tweets: @jonwu_, @stablekwon, @saylor, @hasufl, @tracyalloway, @sbf_ftx, @thestalwart, @kevinsekniqi, @terra_money, @0xdoug, @terra_money, @erikvoorhees, @cyber_hokie, @alexhern, @joemccann, @molly0xfff, @petermccormack, @jonwu_, @ryansadams, @timbray, @trustlessstate, @carnage4life, @antoniogm, @mdudas, @nzkoz, @thestalwart, @crypto, @officialtravlad, @mylifeindefi, @terra_money, @darealmilkbagz, @forgash_, @zguz, @cbarraford, @dlauer, @kevinsekniqi, @martiniguyyt, @trader1sz, @guilletorrealba, and @coindesk
| 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: @litcapital, @birdyword, @journofletcher, @alderlaneeggs, @dkthomp, @hkanji, @martinsfp, @refsrc, @breakoutpoint, @ron_miller, and @puppyeh1
| 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:
BleepingComputer, PCMag, BBC, CyberScoop, NBC News, Engadget, The Record, Metacurity, TechCrunch, Politico, Euractiv, ComputerWeekly.com, Infosecurity, Forbes, and The Hill
Tweets: @trussliz, @eucouncilpress, @ale_paulus, @ale_paulus, @azeem, @780thc, @mikko, and @netblocks
| New York Times: |
Sources: in a note to employees, Netflix executives say an ad-supported tier could launch in Q4 2022 — Executives said they were aiming to introduce an ad-supported, lower-priced subscription tier in the last three months of the year, quicker than originally indicated.
More:
The Verge, Protocol, Reuters, CNBC, Android Headlines, GameSpot, and The Streamable
| 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:
Ziggurat and Telecoms.com
Tweets: @mattyglesias, @s8mb, @alecstapp, @jwaldfogel, @rdmetcalfe, @jwaldfogel, @daphnehk, @aditya_rm, @privacymatters, @jmkorhonen, @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, and @katebevan
| 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, Bloomberg, Forbes, Reuters, PCMag, MobileSyrup, Eurogamer.net, Benzinga, Android Central, TechSpot, Polygon, Bloomberg, Engadget, VentureBeat, and Variety
Tweets: @romudeth, @gibbogame, @tomwarren, and @6d6f636869
| 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 …
Source:
Securelist. More:
Recent Gists from sbasu7241, TechSpot, TechRadar, and gHacks Technology News
| Callan Quinn / The Block: |
Casa, which offers a “self-custody” bitcoin wallet and just launched an API to help businesses integrate multi-sig wallets, raises a $21M Series A — Quick Take — Casa has raised $21 million in a round led by Acrew Capital. — The company also announced a new API … | Hayden Field / Emerging Tech Brew: |
A profile of influential quantum computing physicist Jerry Chow, who joined IBM in 2010 and leads IBM Quantum, which said it broke the 100-qubit barrier in 2021 — We visited Jerry Chow, one of the field's most influential scientists, at IBM's quantum research lab.
Tweets: @haydenfield, @pstasiatech, and @joshsternberg
| 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, Forbes, Cointext.com, Tech in Asia, CoinJournal, and VentureBeat. Tweets: @jonrussell
| 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:
Paddle, PYMNTS.com, iMore, AppleInsider, Finextra, FinSMEs, Silicon Canals, Tech.eu, and VentureBeat. Tweets: @ingridlunden
| Bloomberg: |
Nintendo reports Q4 revenue rose 6% YoY to ~$2.9B as profit rose 0.6% YoY to $922M; Switch sales were 4.11M, for 23.1M total; Nintendo will split its stock 10:1 — Nintendo Co. will split its stock into 10 from October, potentially propping up the shares as the Mario creator struggles …
More:
The Verge, VentureBeat, Nintendo, IGN, CNBC, Financial Times, and VentureBeat
Tweets: @6d6f636869, @muradahmed, and @tomwarren
| Aisha Malik / TechCrunch: |
TikTok will roll out its “Friends” tab, dedicated to watching your “friends' videos”, to more people over the coming weeks, replacing the “Discover” tab — TikTok is rolling out a new “Friends” tab that replaces the “Discover” tab in the bottom menu of the app.
More:
iMore
| Yogita Khatri / The Block: |
Talos, a crypto trading infrastructure startup for institutional investors, raises a $105M Series B led by General Atlantic at a $1.25B valuation — Quick Take — Talos is now a unicorn with $105 million in new funding from Citigroup, Wells Fargo and others.| Paul Alcorn / Tom's Hardware: |
Intel unveils Alder Lake HX laptops chips coming this year, with up to 16 cores, peak clock rates of 5.0 GHz, and a 55W base power draw that can stretch to 157W — Up to 16 cores, 5.0 GHz, and 157W of peak power draw — Intel is bulking up its family of Alder Lake mobile CPUs …
More:
PCMag, XDA Developers, HotHardware.com News, Engadget, The Verge, and VentureBeat. Thanks:@paulyalcorn
| 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, TechRadar, Randori, Threatpost, SecurityWeek, iTWire, SC Media, GovInfoSecurity, and The Daily Swig
Tweets: @malwarejake, @wdormann, @realgenekim, @z3r0trust, @wdormann, and @carmencrincoli
| Frederic Lardinois / TechCrunch: |
Supabase, an open-source Firebase alternative, raises an $80M Series B led by Felicis Ventures and says 80K+ devs have created 100K+ databases on the service — Supabase, which bills itself as an open source alternative to services like Google's Firebase, today announced that it has raised … | New York Times: |
Interviews with 50+ people detail Bolt's meteoric rise, which involved overstating tech and performance, as its valuation went from $250M to $11B in three years — The start-up has had a meteoric rise, thanks to its charismatic co-founder, Ryan Breslow. But he sometimes stretched the truth to get there.
Tweets: @bizcarson, @sarahhalzack, @kateclarktweets, @davidenrich, and @erinkwoo
| 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: @pookleblinky, @vickerysec, @dskok, @noupside, @taylorlorenz, @therriaultphd, @jason_kint, @darth, @tara_mulholland, @jeffjarvis, @katzish, @arielbogle, @kendallybrown, @simonowens, @dsilverman, @skenigsberg, @kevin_raposo, @blackamazon, @kevinmarks, @sylviavarnham, and @markdistef
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