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May 12, 2022, 2:00 PM
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WeSmirchTop News
| Tim Copeland / The Block: |
Terraform Labs halts the Terra blockchain to protect against a possible attack, after the collapse of its LUNA token reduced the cost of an attack — Quick Take — Terraform Labs has said the Terra blockchain has been halted. — This is due to concerns that the network could be attacked for a relatively low cost.
Source:
@terra_money. More:
Decrypt, TechCrunch, Decrypt, Bloomberg, CoinDesk, Forbes, Cointelegraph, Crowdfund Insider, Ethereum World News, and Web3 is going just great
| Joanna Ossinger / Bloomberg: |
After UST's collapse, most rival algorithmic stablecoins are below the dollar peg; Tether and USDC, the two largest, are mostly holding their dollar peg — Stablecoins besides TerraUSD are failing to live up to their billing as the collapse of the algorithmic token has investors pondering …
More:
The Block, Wall Street Journal, Forbes, Bloomberg, The Block, CoinDesk, Cointelegraph, CNBC, Tech Monitor, and Washington Post
Tweets: @stablekwon, @johnbrownlow, @terra_money, @molly0xfff, @ariadneconill, @lukeisamazing, @kadhim, @mskidchaos, @traderkoz, @davidgerard, @nkulw, @jerallaire, @jemgold_, @lubchansky, @paleofuture, @alexhern, @lawmaster, @sbf_ftx, @katie_martin_fx, @zhusu, @bramcohen, @rekthq, @lawmaster, @tautologicaly, @carnage4life, @lhm1, @sbf_ftx, @kadhim, @macnbtc, @carnage4life, @lawmaster, and @sbf_ftx
| Andrew Rummer / The Block: |
Tether, the largest stablecoin, briefly drops to a 24-hour low of $0.96; Binance USD and USDC are both trading at around $1 — Quick Take — Tether dropped below $0.96 on Thursday morning. — The stablecoin is designed to keep a constant peg with the dollar.
More:
PYMNTS.com, tether.to, The Economic Times, Kaiko, Web3 is going just great, rekt, Cointelegraph, Financial Times, CNBC, Silicon Canals, Cointelegraph, Bloomberg, CoinDesk, Investing.com, Tech in Asia, Fortune, Decrypt, CoinDesk, and CryptoGlobe
Tweets: @paoloardoino, @tether_to, @thestalwart, @kadhim, @_checkmatey_, @whale_alert, @emilyjnicolle, @safetyth1rd, @fchollet, @cobie, @alexhern, @kadhim, @austerity_sucks, @tether_to, @thestalwart, @robinwigg, @scupytrooples, @alexhern, @0xfoobar, @bongcapital, @alexhern, @silvermanjacob, and @jason
| Shaurya Malwa / CoinDesk: |
LUNA drops to $0.01, a 99%+ decline in 24 hours, down from $60 earlier this week and $120 in mid-April — LUNA tokens lost 96% in the past 24 hours alone, prompting more to be minted in a mechanism that helped lift the UST price. — Traders of Terra's LUNA tokens suffered …
More:
Terra Research Forum, The Block, Financial Times, and diginomica
Tweets: @cobie, @mtsw, @ojuice_eth, @atari_buzzk1ll, @cobie, @cobie, and @iamlluciana
| Financial Times: |
Tether's CTO declined to reveal details on its $40B US government bond holdings, a similar amount to Vietnam, for fear of revealing its “secret sauce” — Token's tech chief says providing specifics on vast holdings of US debt would divulge ‘secret sauce’| @kayvz: |
[Thread] Twitter product chief Kayvon Beykpour says he is leaving at the request of CEO Parag Agrawal, who wants to “take the team in a different direction” — Interrupting my paternity leave to share some final @twitter-related news: I'm leaving the company after over 7 years.
More:
The Verge, TechCrunch, Wall Street Journal, and Variety
Tweets: @kayvz, @caseynewton, @mikeisaac, @boo, @reckless, @film_girl, @caseynewton, @panzer, @rmac18, @carnage4life, @jessicalessin, @mikeisaac, @samsheffer, @grahamstarr, @alexrkonrad, @chadloder, @martinsfp, @caseynewton, @willoremus, @carnage4life, @sal19, @nickstatt, @kurtwagner8, @kayvz, @alex, @kantrowitz, @karaswisher, @film_girl, @willoremus, @meganmorrone, @katies, @kvlly, @kantrowitz, @willoremus, @kayvz, @caseynewton, @jess, and @willoremus
| Bloomberg: |
More:
The Verge, New York Times, Protocol, Engadget, The Guardian, CNET, Washington Post, CNBC, and CNBC
Tweets: @boo, @willoremus, @gossithedog, @kantrowitz, @boo, @sarthakgh, and @w7voa
| Ryan Browne / CNBC: |
Bitcoin dropped below $26,000 for the first time since December 2020, down 15% in 24 hours; Ether dropped as low as $1,720, its lowest level since July 2021 — - The price of bitcoin plunged below $26,000 on Thursday, hitting its lowest level in 16 months.
More:
Wall Street Journal, Mercury News, Forbes, Fortune, TheGamer, Bloomberg, Reuters, Cointelegraph, euronews, The Block, and NBC News
Tweets: @binanceus, @_megconley, @lorenasgonzalez, @karlbode, @carnage4life, @ashwsbreal, @cobie, @ldignan, @lopp, @lionelralaurent, @thekouk, and @carnage4life
| David Yaffe-Bellany / New York Times: |
More:
CoinJournal. Tweets: @saylor, @brentnyt, @tedtalksmacro, @charlesarthur, @flitteronfraud, and @alfonslopeztena
| Jay Peters / The Verge: |
After mocking Apple for removing the iPhone headphone jack in an August 2021 ad for the Pixel 5a, Google quietly removes the headphone jack on the Pixel 6a — The Pixel 6A offers a lot of good features, but not a headphone jack — Google just revealed the Pixel 6A at Google I/O on Wednesday …
More:
YouTube, The Keyword, MacRumors, Philip Elmer‑DeWitt, iPhone in Canada Blog, AppleInsider, iMore, and Wccftech
Tweets: @dcseifert, @robpegoraro, and @jaypeters
| David Pierce / The Verge: |
A look at Google's “ambient computing” strategy, a bid to unify its disparate hardware lines, led by the Pixel team — Making ambient computing happen is forcing Google to change how it does everything — The story of this year's Google I/O actually started three years ago.
More:
YouTube, AppleInsider, Patently Apple, and Telecoms.com
Tweets: @reckless, @mcelhearn, @caseynewton, @pierce, and @louisgray
| Financial Times: |
Brian Armstrong says there's “no risk of bankruptcy” after Coinbase said in its filing that its users might lose all their crypto if the exchange goes bankrupt — Shares in crypto exchange fall 23% after bleak results and new risk disclosure — Shares in cryptocurrency exchange …
Source:
@brian_armstrong. More:
Bloomberg, HotHardware.com News, Cointelegraph, CNN, Forbes, Coinspeaker, KnowTechie, and Newser
| Scott Stein / CNET: |
Mark Zuckerberg gives an early look at mixed reality on Meta's Project Cambria headset; Meta announces Presence Platform to let developers make MR apps — A demo of Meta Cambria demonstrates how it blends AR and VR, while Quest 2 headsets could be used to develop apps in the meantime. — Scott Stein
Source:
Facebook. More:
YouTube, SiliconANGLE, Android Central, Input, Protocol, PCMag, TechCrunch, UploadVR, Road to VR, Engadget, Protocol, The Verge, TechRadar, IGN, VRScout, and Mashable
Tweets: @sadlyitsbradley, @metanewsroom, @boztank, @boztank, @ricmac, and @jetscott
| Thomas Stackpole / HBR.org: |
Q&A with crypto skeptic Molly White, who runs Web3 Is Going Just Great, on Web3's evolving problems and cultural draw, blockchain privacy issues, and more — Welcome to Web3 — What Is Web3? — Why Blockchain's Ethical Stakes Are So High Web3 Will Run on Cryptocurrency What a DAO Can — and Can't — Do
Tweets: @molly0xfff, @theburningmonk, @marcprecipice, @morganricks1, and @carnage4life
| Adi Robertson / The Verge: |
A US appeals court rules 2-1 to let Texas enforce a social media law stopping Twitter, Facebook, and other services with 50M+ users from moderating content — A judge blocked a similar law in Florida on First Amendment grounds — The controversial Texas social media law HB 20 …
More:
Techdirt, Gizmodo, PCMag, Protocol, and TechCrunch
Tweets: @mjs_dc, @b_fung, @wendyndavis, @rmfifthcircuit, @daphnehk, @b_fung, @mjs_dc, @mjs_dc, @medialawprof, @popehat, @b_fung, @popehat, @josephmenn, @popehat, @popehat, @popehat, @popehat, @popehat, @dangillmor, @popehat, @videah_, @popehat, @popehat, @popehat, and @popehat
| Ben Schoon / 9to5Google: |
Google confirms that Messages for Android will get end-to-end encryption for RCS group chats, rolling out “later this year” in open beta — While it wasn't mentioned on stage during Google I/O 2022 today, the company did announce a big new feature coming to Google Messages.
More:
The Keyword, Android Developers, Droid Life, and Android Central
| Gillian Tan / Bloomberg: |
Sources: Elon Musk is in talks to raise enough equity and preferred financing for his Twitter bid to avoid using a $6.25B margin loan tied to his Tesla shares — Elon Musk is in talks to raise enough equity and preferred financing for his proposed buyout of Twitter Inc. to negate the need … | Frederic Lardinois / TechCrunch: |
Google and Samsung announce Health Connect to simplify connectivity between health and fitness apps and allow users to share their data across apps — At its Google I/O developer conference, Google and Samsung today announced Health Connect, a new initiative that will simplify … | Julian Chokkattu / Wired: |
Google will update over 20 apps with tablet optimizations in the coming weeks, as the company seeks to improve Android on large-screen devices — More than 20 Google apps will be updated with tablet optimizations in the coming weeks. — There's a reason why the word tablet is synonymous with iPad.| Scott Stein / CNET: |
An interview with James Park, Fitbit co-founder and Google's wearables division head, on how the Pixel Watch factors into Fitbit and its future plans, and more — James Park talks to CNET about the Google Pixel Watch, and where Fitbit's vision goes from here. — Scott Stein
More:
The Keyword, The Verge, PCWorld, and TechRadar
| Sam Nussey / Reuters: |
SoftBank reports a $26.2B full year loss for its Vision Fund unit, leading the group to a $13.15B annual net loss, as stocks decline and inflation rises — SoftBank Group Corp (9984.T) reported on Thursday a record loss of $26.2 billion at its Vision Fund unit as the tech conglomerate's portfolio …
More:
Financial Times, Bloomberg, Wall Street Journal, The Irish Times, TechCrunch, New York Times, and SoftBank Group Corp.
Tweets: @birdyword and @madhavchanchani
| Reuters: |
Foxconn reports Q1 net profit rose 5% YoY to ~$985M but warns that Q2 revenue could slow due to rising inflation, cooling demand, and supply chain issues — Shovel and FoxConn logo are seen before the arrival of U.S. President Donald Trump for the Foxconn Technology Group groundbreaking ceremony …
| Ingrid Lunden / TechCrunch: |
Italian payments giant Nexi acquires Germany-based Orderbird, which provides point of sale products to hospitality businesses, sources say for €130M to €140M — More consolidation is apace in the world of payments: Nexi, the Italian fintech that scooped up rivals Danish-based Nets … Sponsor Posts
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