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May 16, 2022, 9:35 AM
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| Sam Kessler / 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 reports that over a billion dollars of Terra's bitcoin reserves are unaccounted for.
Source:
@lfg_org. More:
Bloomberg, New Money Review, Bloomberg, Decrypt, Finbold, The Economic Times, The Block, CNBC, Coinspeaker, CryptoSlate, Micky, Crypto Briefing, ZyCrypto, Bitcoin Magazine, and Ethereum World News
Tweets: @terra_money, @stablekwon, @lfg_org, @cyounessi1, @cz_binance, @persiancapital, @venturecoinist, @cz_binance, @stablekwon, @lfg_org, @cz_binance, @lawmaster, @jimeharrisjr, @ncweaver, @iamdcinvestor, @sumoluna, @twobitidiot, @jeuasommenulle, @mhonkasalo, @axel_bitblaze69, @fatmanterra, @justinsuntron, @0xmurloc, @daancrypto, @cobie, @robustus, @cz_binance, @lawmaster, @lfg_org, @cz_binance, @cz_binance, @wublockchain, @stablekwon, @maxberger, @wublockchain, @christine_dkim, @markgutman9, @0x_messi, @laurashin, @yodaresearch, @lex_node, @mikefellman, @sanjiva, @nischalshetty, @dandolfa, @mikeburgersburg, @altcoinpsycho, and @cov_duk
| Hannah Miller / Bloomberg: |
The knock-on effects of the TerraUSD and LUNA collapse will be felt across the crypto industry and could chill VCs' enthusiasm for investing in crypto startups — This week's undoing of the TerraUSD algorithmic stablecoin and its sister token Luna has ramifications for all of crypto.
More:
Elliptic Blog, MIT Technology Review, Subuddh's Newsletter, Fintech Inside, Crypto Monkey Blog, and With TAI
Tweets: @crypto, @schuldensuehner, @bqprime, @koryodynasty, and @beniaminmincu
| 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?
More:
Axios, Engadget, The Guardian, Associated Press, and Media Matters for America
| Kellen Browning / New York Times: |
More:
NBC News, New York Times, Associated Press, CNN, Kotaku, International Business Times, Buffalo News, Bloomberg, BNO News, The Hill, ABC News, Dexerto, The Hill, Variety, Rolling Stone, Wall Street Journal, Mediaite, Insider, and Deadline
Tweets: @rmac18, @rmac18, @taylorlorenz, @mmasnick, @drewharwell, @rashadrobinson, @rmac18, @hasanthehun, @kellen_browning, @oneunderscore__, @quatoria, @cwarzel, @kazweida, @raycondones, @sheeraf, @rmac18, @sewpheeyuh, @romeisnotokay, @eoinhiggins_, @chadloder, @rmac18, @questauthority, @shambamtymaam, @secretgamergrrl, @anildash, @cwarzel, @rmac18, @lucidfoxx, @bobbyallyn, @charlesadler, @mmasnick, @xpatriciah, @vahn16, @kotaku, @bpdalerts, @ghosted_sound, @kellen_browning, @iwriteok, and @bobbyallyn
| Rebecca Bellan / TechCrunch: |
Uber Eats to launch two autonomous delivery pilots in Los Angeles with robotic sidewalk delivery startup Serve Robotics and autonomous tech startup Motional — Uber Eats is launching two autonomous delivery pilots in Los Angeles on Monday with Serve Robotics, a robotic sidewalk delivery startup …
More:
PYMNTS.com, Protocol, The Economic Times, Neowin, KnowTechie, Fossbytes, and Engadget
| 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 …
More:
Decrypt, PYMNTS.com, Benzinga, Ethereum World News, Cointelegraph, Cryptonews, CoinJournal, and CryptoPotato
Tweets: @sbf_ftx, @wublockchain, @zeroshorts, @carnage4life, @saylor, @mayazi, @jack, @dwallacewells, @allenf32, @smtuffy, and @lopp
| Joshua Oliver / Financial Times: |
| 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.| 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.
Source:
SEC. Tweets: @ivanthek, @ivanthek, @matt_levine, @matt_levine, @erictheumpire, @wendysiegelman, @mattgoldstein26, @mattgoldstein26, @wendysiegelman, and @matt_levine
| Ingrid Lunden / TechCrunch: |
Israel-based Optibus, which develops SaaS tools to optimize public transport using AI, raises a $100M Series D from Insight and others at a $1.3B valuation — Mass transit has made a rebound with the return of city life post-Covid 19, and today a startup that's building tech to help it run …
More:
Geektime and PR Newswire
| Caitlin Harrington / Wired: |
A look at the Apple Together solidarity movement that emerged from #AppleToo to provide support for Apple employees organizing in retail, AppleCare, and more — A solidarity movement called Apple Together has provided tools and support as the company's retail employees organize.
More:
Wall Street Journal and 9to5Mac
Tweets: @moreperfectus, @zoeschiffer, @banana_genius, @stevekovach, @emmakinema, @mjh_txt, @johnlegere, @applelaborers, @cherthedev, @applelaborers, @wsj, @jannekeparrish, @jones_lucia, @greg_shill, @acoreunion, @allinoniphone, @katiebindley, @aparanjape, @fatemehx2, @dannygroner, @carnage4life, @evanderburg, @tnewmstweet, @machinistsunion, @sunrisemvmt, @wgawest, @caitharr, and @applelaborers
| Kyle Wiggers / TechCrunch: |
Akuity, which provides app delivery tools for Kubernetes, raises a $20M Series A co-led by Lead Edge Capital and Decibel Partners — Akuity, a provider of app delivery software for Kubernetes, today announced that it closed a $20 million series A funding round led by Lead Edge Capital and Decibel Partners …
More:
FinSMEs, SiliconANGLE, VentureBeat, and DevOps.com
| Stuart Dredge / Music Ally: |
Spotify confirms it is running a test that lets select artists use NFTs on their profiles — Artists can already promote merch and tickets on their Spotify profiles. Now the streaming service is testing a feature that will let them also promote their NFTs.| Spencer S. Hsu / Washington Post: |
US DOJ launches its first criminal prosecution against an American citizen involving the alleged use of $10M in bitcoin to evade US economic sanctions — Federal judge finds U.S. sanctions laws apply to $10 million in Bitcoin sent by American citizen to a country blacklisted by Washington
Tweets: @julianku
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