Techmeme
May 16, 2022, 1:10 PM

Top News

CoinDesk:
Luna Foundation Guard says its bitcoin reserves have depleted from ~80K to ~300 and the remaining UST and LUNA tokens will be used to compensate investors  —  The announcement comes after criticism of the Luna Foundation Guard's “lack of transparency.”  —  The Luna Foundation Guard (LFG) …
Hannah Miller / Bloomberg:
Joshua Oliver / Financial Times:
FTX CEO Sam Bankman-Fried says bitcoin has no future as a payments network because of its inefficiency and high environmental costs  —  Bankman-Fried criticises biggest digital asset over inefficiency and high environmental costs  —  Bitcoin has no future as a payments network …
Parag Agrawal / @paraga:
Rand Fishkin / SparkToro:
Analysis of 44,058 public Twitter accounts that have tweeted in the last 90 days and could resemble mDAUs shows 19.42% are likely spam or fake  —  TL;DR - From May 13-15, 2022, SparkToro and Followerwonk conducted a rigorous, joint analysis of 44,058 public Twitter accounts active in the last 90 days.
Oli Welsh / Polygon:
Sony reveals the games lineup for PS Plus, launching in Asia on May 24, Japan on June 2, Americas on June 13, and Europe, Australia, and New Zealand on June 23  —  PS2 emulation appears to be missing from disappointing offering of classic games  —  Sony has announced the initial lineup …
New York Times:
Live broadcasts and shared videos of mass shootings again raise questions about social networks' responsibilities in curbing violent and hateful content  —  Gunmen say they are influenced by online screeds and broadcasts of past shootings.  Do social media sites have a responsibility to rein in hateful and violent content?
Kellen Browning / New York Times:
Jessica Bursztynsky / CNBC:
DWAC SEC filing details Donald Trump's commitments to Truth Social, including posting there first and waiting six hours before posting to Twitter or elsewhere  —  - Donald Trump plans to partially restrict himself on social media like Twitter, according to an SEC filing from the blank check company taking the former president's public.
Quartz:
MiamiCoin is down ~95% from its peak value in Sept., after the city of Miami promoted it to residents and made millions of dollars from a deal with CityCoins  —  On Feb. 2, the city of Miami cashed out its cryptocurrency MiamiCoin for the first time, depositing $5.25 million into city coffers.
Ryan Weeks / The Block:
Elwood Technologies, a crypto-focused market access and trading service for institutional investors, raises a $70M Series A led by Goldman and Dawn Capital  —  Quick Take  — Goldman Sachs, Barclays and CommerzVentures invested in the Series A round alongside venture capital firms.

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Earlier Picks

Elaine Moore / Financial Times: