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May 15, 2022, 2:01 AM
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memeorandum
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| Edward Ongweso Jr / VICE: |
Retail traders after Terra's crash: some say they lost their life savings, others shared suicidal ideation on forums, and some now realize it's a Ponzi scheme — It took less than a week for the third largest stablecoin and its ecosystem to become virtually worthless, wiping out countless traders' savings.| Yogita Khatri / The Block: |
Over $1.2B of Luna Foundation Guard's bitcoin reserves remains unaccounted for; LFG had $2B+ in bitcoin reserves and loaned $750M to OTC firms and market makers — Quick Take — Luna Foundation Guard accumulated over $2 billion in bitcoin reserves and provided a loan of $750 million in bitcoin.| Sunil Jagtiani / Bloomberg: |
Source:
@terra_money. More:
Forkast, Benzinga, The Weekly Distillation, Crypto Adventure, Finbold, Bitcoin News, Ethereum World News, Launchpool Press, Decrypt, Binance, CoinDesk, The Guardian, and Forbes
Tweets: @stablekwon, @terra_money, @terra_money, @cyounessi1, @terra_money, @stablekwon, @persiancapital, @cz_binance, @terra_money, @stablekwon, @0xhamz, @cz_binance, @vitalikbuterin, @stablekwon, @stablekwon, @ncweaver, @giganticrebirth, @cz_binance, @eric20token, @katie_martin_fx, @davidgokhshtein, @migueldeicaza, @ncweaver, @wormholecrypto, @hoffmang, @willoremus, @mewn21, @trader_xo, @wormholecrypto, @wormholecrypto, @justinwolfers, @luna_terra_coin, @decryptmedia, @ercwl, @alexhern, @m_paulmcnamara, @theblock__, @web3isgreat, @chainlinkgod, @crypto_condom, @bennetttomlin, and @timccopeland
| Mike Masnick / Techdirt: |
Texas' content moderation law is clearly unconstitutional and forces social media services to allow a torrent of spam or face a deluge of frivolous litigation — So, I already had a quick post on the bizarre decision by the 5th Circuit to reinstate Texas' social media content moderation law …
More:
CNN, Washington Post, Wired, PC Gamer, and Tubefilter
Tweets: @txag, @gaberivera, @david_ingram, @simonw, @espinsegall, @jelenawoehr, @jesselehrich, @soonergrunt, @kevinmkruse, @4l0ts, @4l0ts, @jesselehrich, @edroso, @agraybee, @bkabak, @antonio, @xor, @steveklabnik, @jamesrbuk, @haircut_hippie, @theophite, @anamardoll, @theophite, @hippiegeekgirl, @theophite, @law_comedy, @jrosenworcel, @szhang_ds, @errantstrategry, @popehat, @enternodecs, @ericgarland, @willoremus, @jason_kint, @b_fung, @willoremus, and @mmasnick
| Cat Zakrzewski / Washington Post: |
More:
CNN, Reuters, PCMag, Engadget, NetChoice, The Verge, Axios, Politico, Tom Merritt Tech Newsletter, Protocol, and Bloomberg
Tweets: @aricohn, @steve_vladeck, @aricohn, @acedtect, @japantimes, @philnobilejr, @statesman, @reckless, @sethabramson, @aricohn, @jkosseff, @aricohn, @aricohn, @aricohn, @aricohn, @aricohn, @aricohn, @aricohn, @mmasnick, @ctatech, and @mpetricone
| Peter White / Deadline: |
Sources: Netflix is exploring live streaming for its unscripted shows and stand-up specials, which would enable live voting for competitions — EXCLUSIVE: Netflix is going live for the first time. — Deadline understands that the streamer is exploring the launch of live streaming.
More:
Wall Street Journal, Engadget, PCMag, The Verge, AppleInsider, BGR, Mashable, and iMore
Tweets: @hradzka, @feuenfeu, @myrmecos, @jaycaruso, @bryandfischer, @tomfitton, @tobiasogforrest, @quellevousno2, @brockm, @adamholisky, @cameron, @rockstar_stocks, and @therajgiri
| Kellen Browning / New York Times: |
Twitch confirms the Buffalo gunman livestreamed Saturday's attack on its platform, saying it took his channel down within two minutes of the violence starting — Officials said the gunman broadcast the attack live on Twitch, the livestreaming site owned by Amazon that is popular with gamers.
More:
Associated Press, Buffalo News, New York Times, BNO News, Kotaku, TheGamer, ABC News, Wall Street Journal, Rolling Stone, Dexerto, Variety, The Hill, Insider, Mediaite, and Deadline
Tweets: @bobbyallyn, @kellen_browning, @bpdalerts, @bobbyallyn, @ghosted_sound, @iwriteok, @kellen_browning, and @mmasnick
| Mia Sato / The Verge: |
OpenSea says it rolling out a new system to detect and remove copycat NFTs and verify accounts in an effort to “improve authenticity” on the marketplace — The updates are an attempt to cut down on plagiarism and fakes — OpenSea is rolling out features to “improve authenticity” …
More:
OpenSea Blog, OpenSea Blog, Engadget, Gizmodo, Protos, Blockonomi, and Scott D. Clary's Newsletter
Tweets: @rjcc, @opensea, and @opensea_support
| Sohee Kim / Bloomberg: |
Sources: Samsung is talking to foundry clients about hiking chipmaking prices by up to 20% in 2022, joining TSMC and UMC, which are planning more price hikes — Samsung Electronics Co. is talking with foundry clients about charging as much as 20% more for making semiconductors this year … | Benjamin Pimentel / Protocol: |
A Q&A with SEC Commissioner Hester Peirce, on her criticisms of the SEC's approach to crypto, chair Gary Gensler's leadership, being called “Crypto Mom”, more — SEC Commissioner Hester Peirce is celebrated in memes as “Crypto Mom.” She's considered crypto's staunchest ally …
Tweets: @cryptolawus, @benpimentel, @wilber54x, @xrpcryptowolf, and @owenthomas
| Kenrick Cai / Forbes: |
Material Security, which helps enterprises protect sensitive info stored in email accounts even if they are hacked, raises a $100M Series C at a $1.1B valuation — A growing wave of tech layoffs have given rise to remorseful CEOs' lamentations that they hired too quickly during the pandemic.
More:
material.security, GovInfoSecurity, and SecurityWeek
| Charlize Alcaraz / BetaKit: |
Montreal-based Vention, which develops software to help companies automate their production floor, raises a ~$95M Series C led by Georgian Partners — Montréal-headquartered industrial tech startup Vention has raised $123.7 million CAD ($95 million USD) in Series C funding.
| New York Times: |
As the possibility of Roe v. Wade overturn becomes a reality, pro-choice activists and nonprofits are looking at crypto and DAOs to speed up fundraising — Activists and nonprofits are considering digital currencies as a way to raise funds. But can they really do anything other payment methods can't?
Tweets: @rjcc, @bradmichelson, @neerajka, and @aaronwall
| Joshua Oliver / Financial Times: |
An interview with Sam Bankman-Fried on crypto hype, blockchain's potential to build a fairer financial system, bitcoin as an asset, philanthropy, and more — When an aide told me that “one of our drivers” would pick me up for my lunch with Sam Bankman-Fried, I imagined a hulking black SUV …
More:
New York Times. Tweets: @katie_martin_fx, @steveclapham, @patrickfrench, @jimpethokoukis, @andrewcarrier, @ftweekend, @newmoneyreview, @tomashirstecon, and @mateobusiness
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@elonmusk and @elonmusk. More:
Axios, CNBC, Livemint, Platformer, Wall Street Journal, On my Om, Washington Post, MSPoweruser, iPhone in Canada Blog, The Information, Benzinga, The Verge, Washington Post, Bitcoinist.com, CNBC, The Economic Times, New York Times, Axios, BBC, New York Post, Social Media Today, Axios, Los Angeles Times, Bloomberg, Digital Trends, and Moneycontrol
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