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July 2, 2022, 5:20 PM
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| Jeremy Hill / Bloomberg: |
Three Arrows Capital files for Chapter 15 bankruptcy, protecting its US assets from creditors while a British Virgin Islands court carries out a liquidation — Crypto hedge fund Three Arrows Capital has filed for Chapter 15 bankruptcy, a move that protects its US assets while a liquidation is carried out in the British Virgin Islands.
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CoinDesk, Reuters, Bitcoin News, Inside Bitcoins, Decrypt, crypto.news, Ethereum World News, The Block, CryptoPotato, Financial Times, TechCrunch, CoinDesk, Broadcast, and The Weekly Update
Tweets: @thestalwart, @coindesk, and @scottmelker
| Arthur Hayes / Entrepreneur's Handbook: |
After 3AC's collapse, centralized lenders with exposure to 3AC had failed, while their decentralized counterparts liquidated collateral and continued operating — This current crypto nuclear bear market marks my third brush with generalised market carnage.
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Blockworks, The Economic Times, Yard Couch, The Block, and Cryptonews
Tweets: @cryptohayes, @mdudas, @matthuang, @stacyannj, @lukeyoungblood, @bwertz, @garrytan, @pt, and @wublockchain
| Michael McSweeney / The Block: |
Voyager Digital suspends trading, deposits, withdrawals, and rewards citing market conditions, after issuing a default notice to 3AC in June over a ~$650M loan — - “This was a tremendously difficult decision, but we believe it is the right one given current market conditions,” CEO Stephen Ehrlich said in a statement.
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Yahoo Finance, NODE from Voyager, Amy Castor, Bloomberg, Cryptopolitan, Cointelegraph, Reuters, Decrypt, and crypto.news
Tweets: @mdudas, @zachweinberg, @moonlamboio, @investvoyager, @alexhern, @bitboy_crypto, @modern_rock, and @preetbanerjee
| Mitchell Clark / The Verge: |
Google plans to auto-delete visits to abortion clinics, domestic violence shelters, weight loss centers, and other sensitive places from users' location history — Along with visits to other potentially sensitive locations — Google says it'll start automatically deleting visits to abortion clinics …
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Tweets: @patrickmcgee_, @ihnatko, @oliviaolanderr, @marxculture, @greengart, @evan_greer, @gerritd, @nikkiusher, @attorneynora, @evan_greer, and @hughlangley
| Alex Barinka / Bloomberg: |
In a letter to nine GOP senators, TikTok says China-based employees who clear internal security protocols can access certain information on TikTok's US users — TikTok, the viral video-sharing app owned by China's ByteDance Ltd., said certain employees outside the US can access information …
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| Yiwen Lu / Washington Post: |
RadioShack, purchased by private equity firm REV in 2020, reintroduces itself as a crypto exchange trying to attract users with a stream of often profane tweets — Gen Z may not be familiar with the RadioShack of their grandparents, but they're getting to know its replacement.
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Mashable, NBC News, Slashdot, The Hill, Wired, Sencha The Tea, and New York Magazine
| Olga Kharif / Bloomberg: |
Meta will shut down Novi, its digital wallet pilot, on September 1; users will no longer be able to add money to their accounts starting July 21 — The remainder of the cryptocurrency project that Meta Platforms Inc.'s Founder Mark Zuckerberg took a beating over from Congress is officially shutting down.
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CoinDesk, Engadget, Mashable, CNBC, The Verge, The Block, PCMag, CryptoSlate, Novi, and Protocol
Tweets: @jamesplloyd, @web3isgreat, @business, @pii77ggkcmp, @miraf123, @georgedonnelly, @danheld, @keithdsouza, and @novi
| TechCrunch: |
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New York Times, Decrypt, The Block, Insider, KnowTechie, PCMag, TheStreet, CoinDesk, Gizchina, Silicon Valley Business …, PYMNTS.com, Metaverse Post, crypto.news, Engadget, CoinQuora, Coinspeaker, Coinmonks, Micky, Cryptonews, and TechCircle
Tweets: @navdeep_ua, @mjhaugen, @reuters, @autismcapital, @geoffreyhuntley, @therealjoshye, @iftikharpost, @paul_reviews, @martinsfp, and @larakiara
| Dan Primack / Axios: |
BlockFi says it agreed to an option to be acquired by FTX for up to $240M; the deal also includes a $400M revolving credit facility from FTX — Troubled crypto lender BlockFi said Friday that it agreed to an option to be acquired by FTX for up to $240 million.
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BlockFi, Bloomberg, CoinDesk, Blockworks, CoinGape, Inside Bitcoins, Decryptor0 Newsletter, Coinspeaker, CryptoPotato, CryptoSlate, watcher.guru, The Economic Times, Blockworks, Crowdfund Insider, Fortune, Crypto Briefing, TechCrunch, Protocol, Forbes, and Decrypt
Tweets: @blockfizac, @blockfizac, @brett_ftx, @concodanomics, @sbf_ftx, @pt, @pitdesi, @frances_coppola, @crypto, @ummjackson, @byrnehobart, @tomaxwell, @krugermacro, @stephanlivera, @haseeb, @northrocklp, @forexlive, @tomaxwell, @twobitidiot, @coindesk, @tomaxwell, @danprimack, @danprimack, @tomaxwell, @ryanlawler, and @benhuh
| Nelson Rauda Zablah / New York Times: |
How El Salvador's president Nayib Bukele weaponized bitcoin to whitewash his government's growing authoritarianism and spread propaganda — SAN SALVADOR — Bitcoiners — enthusiasts of the world's most popular cryptocurrency — aren't supposed to trust government.
Tweets: @mpaarlberg, @ben_mckenzie, @fraying, @schwarz, @stalfel, @senyorreporter, @raudaz_, @ncweaver, and @silvermanjacob
| Ionut Ilascu / BleepingComputer: |
HackerOne says a staffer stole vulnerability reports submitted through its bug bounty platform and disclosed them to seven companies to claim financial rewards — A HackerOne employee stole vulnerability reports submitted through the bug bounty platform and disclosed them to affected customers to claim financial rewards.
Tweets: @ionut_ilascu
| Andrew Deck / Rest of World: |
Twitter's recent takedowns in India may be fueled by new rules making its local chief compliance officer criminally liable for not meeting government demands — Observers say Twitter's recent takedowns in India highlight how new laws make it easier to censor journalists and dissidents.| Kevin McLaughlin / The Information: |
Sources: at least 24 Azure data centers are operating with limited server capacity amid the global chip shortage that has made it harder to get new hardware — In March 2020, Microsoft's Azure cloud buckled under the strain of companies around the world shifting to remote work … Sponsor Posts
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