Techmeme
July 15, 2022, 3:40 PM

Top News

Kadhim Shubber / Financial Times:
In a court filing, CEO Alex Mashinsky said Celsius was owed $439M by a “private lending platform”, which sources say is specialist finance company EquitiesFirst  —  Specialist finance group owes $439mn to digital assets lender  —  A mysterious debtor to Celsius Network referenced …
Bloomberg:
Celsius' Chapter 11 filing shows that its biggest creditor, to which it owes $81.1M, is obscure fund Pharos, which has staff with links to Sam Bankman-Fried  —  Among the more than 100,000 creditors of Celsius Network Ltd., the crypto lender that filed for bankruptcy on Wednesday, one entity stands out: Pharos USD Fund SP.
Yueqi Yang / Bloomberg:
Dan Goodin / Ars Technica:
Chainalysis: the 30-day moving average of crypto sent to mixers hit a record $51.8M in April 2022, as funds from sanctioned and criminal groups almost doubled  —  Despite a significant Achilles' heel, mixers are seeing unprecedented demand.  —  The amount of cryptocurrency flowing …
Brian Steinberg / Variety:
Disney plans to raise ESPN+'s monthly subscription from $6.99 to $9.99 and its annual price from $69.99 to $99.99, 43% increases, starting on August 23, 2022  —  The Disney-backed streaming-video sports service intends to raise its monthly subscription fee by $3 a month …
Dana Mattioli / Wall Street Journal:
Sources: Amazon has reduced its white label product selection and considered exiting the business altogether, amid weak sales and mounting regulatory pressure  —  Executives also have discussed exiting the business entirely to address regulatory pressure  —  Amazon.com Inc. AMZN 0.21%▲ …
Chris Metinko / Crunchbase News:
Investment in VC-backed crypto companies fell from a record $12.5B in H1 2021 to about $9.3B in H1 2022, while the number of deals increased from 456 to 534  —  The crypto winter is not descending upon just holders of digital currency—but also those startups looking for funding.
More: CoinDesk
Andrew Tarantola / Engadget:
Meta unveils Make-A-Scene, an exploratory AI research project that combines text-to-image generation and hand-drawn sketch inputs to output 2,048 x 2,048 images  —  Text-to-image generation is the hot algorithmic process right now, with OpenAI's Craiyon (formerly DALL-E mini) …
CoinDesk:
How Voyager Digital, which generated interest on deposits by loaning crypto assets, collapsed after one of its largest borrowers Three Arrows Capital defaulted  —  In an industry where counterparties are tightly bound together by a weave of debt and leverage, dominoes can fall fast and hard.
Allison Johnson / The Verge:
Nothing phone (1) review: a good midrange phone with snappy performance, but the glyph notification system is mostly gimmicky and battery performance is subpar  —  Nothing claims its new Phone 1 can “Bring us back.  To us" with “deeper interactions” and “brave simplicity.”
Christine Hall / TechCrunch:
Sydney-based Okendo, which offers e-commerce brands customer review tools, raised a $26M Series A led by Base10 Partners, bringing its total funding to $33.5M  —  No merchant likes a bad customer review and Okendo, a customer marketing platform, announced $26 million in Series A funding today …
Kate Park / TechCrunch:
Tokyo-based SmartBank, which offers a prepaid Visa card and personal finance management app in Japan, raised a $20M Series A, bringing its total funding to $30M  —  Shota Horii, his twin brother Yuta Horii and Jun Taketani co-founded SmartBank in 2019 after selling their previous startup Fablic …

Sponsor Posts

Command Line:
Copilot to autopilot: Why no single safeguard is enough  —  Microsoft designed a layered model that lets an AI agent resolve network incidents on its own within defined boundaries.
Will Reed:
The best sales leaders aren't job hunting.  Here's how to reach them without months of cold outreach.  —  Our team came from Box, Square, and Brex, so we already know the GTM leaders worth meeting.
Zoho:
Diwali 2026: Your festive planning checklist with Zoho Notebook  —  The Diwali countdown is on!  From lighting up every corner of the house to going a little overboard with the festive shopping …
IDrive:
Protecting your Cloud Applications Data  —  Backing up Office 365, Google Workspace, Dropbox & Salesforce data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.

Featured Podcasts

Big Technology Podcast:
Google CEO Sundar Pichai: AI's Infinite Possibilities, Compute Scarcity Dilemmas, Future AI Products
The Big Technology Podcast takes you behind the scenes in the tech world featuring interviews with plugged-in insiders and outside agitators.
Subscribe to Big Technology Podcast.
Cheeky Pint:
How Toto Wolff built the most valuable team in F1
Stripe cofounder John Collison interviews founders, builders, and leaders over a pint.
Subscribe to Cheeky Pint.
Training Data:
Inside the Robot Data Factory: Mecka's Josh Gao on Sensorizing Humans to Train Robots
Sequoia Capital partners host conversations with leading AI builders and researchers to develop a deeper understanding of the evolving technologies and their implications.
Subscribe to Training Data.
Invest Like the Best:
Christina Cacioppo - Building an Enduring Software Company in the Age of AI
The leading destination to learn about business and investing. We do this by showcasing exceptional talent and ideas.
Subscribe to Invest Like the Best.
Grit:
The 20-Year Bet to Make Fusion Energy Work | Jeff Lawson
Grit explores what it takes to create, build and scale world-class organizations.
Subscribe to Grit.
Acquired:
Seinfeld
Learn the playbooks that built the world's greatest companies - and how you can apply them as a founder, operator, or investor.
Subscribe to Acquired.
 

About This Page

This is a Techmeme archive page. It shows how the site appeared at 3:40 PM ET, July 15, 2022.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

More News

Paul Krugman / New York Times:
Uday Sampath / Reuters:
Krisztian Sandor / CoinDesk:

Earlier Picks

Michael McSweeney / The Block:
Queenie Wong / CNET:
Lucy Harley-McKeown / The Block:
Tom Warren / The Verge:
Chris Welch / The Verge:
Katie Paul / Reuters: