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March 13, 2023, 5:10 PM
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| U.S. Department of the Treasury: |
The US Treasury, Federal Reserve, and the FDIC say all Silicon Valley Bank depositors will be “fully” protected, and their money will be available on March 13 — WASHINGTON, DC — The following statement was released by Secretary of the Treasury Janet L. Yellen …
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Board of Governors …, FDIC, CNBC, The White House on YouTube, Bloomberg, Stratechery, CNN, VICE, Above Avalon, CoinDesk, Insider, The Atlantic, PYMNTS.com, HotHardware, Wired, The Hill, Fortune, CryptoSlate, National Review, Wall Street Journal, ZyCrypto, GeekWire, NBC News, Quartz, Bitcoinist.com, Cointelegraph, CNBC, Inside Bitcoins, DealStreetAsia, Axios, Crunchbase News, CoinDesk, NFT Evening, New York Post, MediaNama, New York Times, Technical.ly, Decrypt, Coinspeaker, Tech Startups, Rate of Return, Cryptopolitan, NewsBTC, Blockworks, #OONO, Cryptonews, CryptoPotato, and Protos
LinkedIn:
Janet Mui and Dror Futter
Tweets:
@cz_binance, @potus, @bgarlinghouse, @coinbase, @potus, @jerallaire, @danielagabor, @federalreserve, @nicktimiraos, @litcapital, @jessicalessin, @elaifresh, @octal, @samro, @neil_irwin, @bobeunlimited, @billackman, @federalreserve, @jasonfurman, @gavinsbaker, @jason, @scottjshapiro, @fedguy12, @jimcramer, @danprimack, @chrisjbakke, @macroalf, @gbildson, @burryarchive, @jeuasommenulle, @semil, @zck, @modestproposal1, @trungtphan, @noahpinion, @thestalwart, @tracyalloway, @levie, @mcuban, @ivanthek, @petercontibrown, @texasvc, @stephanie_murr, @senwarren, @mbensass, @devahaz, @m_c_klein, @ian_fraser, @robinbrooksiif, @jasonlk, @salehamohsin, @brendanpedersen, @whstancil, @stefeich, @vermontgmg, @cburniske, @charliebilello, @fedguy12, @gavinsbaker, @ingridlunden, @thebenbergman, @benedictevans, @danprimack, @tculpan, @salehamohsin, @wongmjane, @litcapital, @cburniske, @anthonyrandazzo, @bgarlinghouse, @sarthakgh, @atrupar, @m_c_klein, @davidsacks, @kgreifeld, @jonatanpallesen, @deanobeidallah, @firstadopter, @mcwm, @billackman, @wendyedelberg, @davidmwessel, @mattyglesias, @donmoyn, @joelpollak, @tomfitton, @newtgingrich, @dsquareddigest, @neoavatara, @isadwatson, @karaswisher, @dylanleclair_, @lloydblankfein, @adamscochran, @chiweethegod, @shortsightedcap, @esaagar, @ericnewcomer, @jstein_wapo, and @rajakorman
| Sinead O'Sullivan / Financial Times: |
Having perfected the art of using echo-chamber hype to move markets, VCs managed to hype their own rumors to collapse SVB, slaying a much-loved accomplice — After more than a decade of venture capitalists insisting they provide more than just cash to their portfolio companies, the moment to prove that finally arrived.
More:
Slate, Wall Street Journal, Kotaku, Wall Street Journal, and Financial Times
Mastodon:
@lauren@mastodon … and @ernie@writing.exchange
Tweets:
@jason, @billackman, @jason, @davidsacks, @zck, @chimeracoder, @billackman, @rachelensignwsj, @molly0xfff, @andrewrsorkin, @evanhill, @carlquintanilla, @jason, @buccocapital, @thestalwart, @repthomasmassie, @silvermanjacob, @davidsacks, @nic__carter, @jason, @balajis, @noahpinion, @noahpinion, @maxkennerly, @chrismohney, @leehepner, @davidsacks, @jspujji, @bigblackjacobin, @pwnallthethings, @davidsacks, @verashokina, @brooklynmarie, @dannypage, @davidsirota, @jathansadowski, @nglaros, @ddayen, @jordanuhl, @nickcho, @jasondebolt, @gritgrowthcap, @thelincoln, @dcwoodruff, @mattbruenig, @adamjohnsonnyc, @nicoleperlroth, @chafkin, @logophobe, @paul_bowers, @nycsouthpaw, @mclendaniel, @antoniogm, @ryanlcooper, @pt, @carnage4life, @epicureandeal, @hblodget, @vittostack, @devahaz, @frances_coppola, @gumby4christ, @rohunjauhar, @thelincoln, @danprimack, @bigblackjacobin, @f_j_j_, @poordart, @lalehkhalili, and @vivekgramaswamy
| Iain Withers / Reuters: |
HSBC acquires Silicon Valley Bank's UK arm for £1, citing “strategic sense for our business”; as of March 10, SVB UK had ~£5.5B in loans and ~£6.7B in deposits — HSBC (HSBA.L) said on Monday it is acquiring the UK subsidiary of Silicon Valley Bank for 1 pound.
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BBC, Bank of England, TechCrunch, GOV.UK, HSBC, Financial Times, Bloomberg, SiliconANGLE, PYMNTS.com, The Guardian, BetaKit, Cointelegraph, PitchBook, LinkedIn, UKTN, Reuters, Silicon Valley Business …, The Economic Times, CoinJournal, Cryptonews, Micky, Tech in Asia, gHacks Technology News, crypto.news, Cryptopolitan, Forbes, Crowdfund Insider, The Register, Inside Bitcoins, ComputerWeekly.com, and Bitcoinist.com
LinkedIn:
Caroline Hepker and Rishi Sunak
Tweets:
@jeremy_hunt, @cetier1, @hmtreasury, @jamestitcomb, @wublockchain, @danielkorski, @justin_cash_1, @samgyimah, @loomdart, @daniburgz, @bondhack, @benedictcooney, @richardgrahamuk, @georgewparker, @checkwarner, @michelledonelan, @mjrobbins, @ibrahimsaninet, @douglas4moray, @bandrew, @georgewparker, @nigel_farage, @suzanneashman, @lisaabramowicz1, @thetranscript_, @jespow, @mayazi, @jamestitcomb, @edconwaysky, @drsdeg, @paulbranditv, @justin_cash_1, @arashmassoudi, @nickmacpherson2, @bondhack, and @degenspartan
| Michael Moritz / Financial Times: |
A eulogy for Silicon Valley Bank, a business partner to tech for 40 years that worked with startups when bigger banks wouldn't and paid a price for its loyalty — Regardless of the reasons behind the bank's collapse, it leaves a huge hole for the start-up scene — The writer is a partner at Sequoia Capital
More:
Monomythical and Bloomberg
LinkedIn:
Bo Ren. Tweets:
@pkafka, @semil, @modestproposal1, @johnthornhillft, @edsuh, @jpm25, @aphclarkson, @stianwestlake, @macconwell, @flying_mom, @samirkaji, @rachaelrad, @dsquareddigest, @antoinegara, @dee_bosa, and @sarthakgh
| Michael Flaherty / Axios: |
More:
SVB Financial Group, Crunchbase News, TechCrunch, New York Times, and Reuters
Tweets:
@deitaone and @cgasparino
| The Verge: |
A Reddit user shows how Samsung's Space Zoom feature produces fake, generated images of the moon, highlighting how computational photography is changing photos — For years, Samsung “Space Zoom”-capable phones have been known for their ability to take incredibly detailed photos of the Moon.
More:
r/Android on Reddit, HotHardware, PetaPixel, Redmond Pie, 9to5Google, SlashGear, and The Register
Tweets:
@halidecamera, @fchollet, @raphaelmilliere, @sdw, @chrislintott, @somegadgetguy, @adrianhon, @halidecamera, @adrianhon, and @uwukko
| Sarah Perez / TechCrunch: |
WordPress.com owner Automattic acquires the WordPress plugin ActivityPub and hires its developer, to help blogs integrate with the Fediverse, including Mastodon — WordPress.com sites now have an easier way to integrate with the Fediverse, including Mastodon.
Tweets:
@dimensionmedia
| Vishal Chawla / The Block: |
Lending protocol Euler Finance lost $197M in a flash-loan attack, including $136M in stETH and $34M in USDC; Euler raised $32M in June 2022; EUL drops 45%+ — - Euler Finance was hit by a flash-loan attack that resulted in a loss of $197 million, according to security analysts.
More:
BleepingComputer, Cointelegraph, Decrypt, Bloomberg, Cryptopolitan, crypto.news, Ethereum World News, SecurityWeek, and Cryptonews
Mastodon:
@lorenzofb@infosec.exchange. Tweets:
@eulerfinance, @peckshield, @zachxbt, @pcaversaccio, @peckshield, @degenspartan, @functi0nzer0, @crypto_mckenna, @mhonkasalo, @functi0nzer0, @0xtuba, @nomorebear, @lidofinance, @peckshield, @0xrooter, @yohangglobal, @mhonkasalo, and @route2fi
| STAT: |
Insurers are using unregulated predictive algorithms to pinpoint the precise moment when they can plausibly cut off payment for the treatment of older patients — An algorithm, not a doctor, predicted a rapid recovery for Frances Walter, an 85-year-old Wisconsin woman with a shattered left shoulder and an allergy to pain medicine.
Tweets:
@statnews, @michaelhoffman, @statnews, @dancow, @statnews, @manas8u, and @helenbranswell
| Bloomberg: |
The end of SVB, Silvergate, the Silvergate Exchange Network, and Signature adds more stress to the crypto industry; fiat conversion costs may rise by 20% to 40% — The digital-asset market is coming off of a turbulent year featuring a number of high-profile blowups.
More:
Bloomberg, Decrypt, PYMNTS.com, CryptoPotato, Financial Times, and Coinspeaker
Tweets:
@coinbase, @twobitidiot, @tracyalloway, @timccopeland, @hsakatrades, @mayazi, @0xquit, @kamikaz_eth, @lyu_johnny, and @johnreedstark
| MacKenzie Sigalos / CNBC: |
| CNBC: |
More:
Reuters, Department of Financial …, The Block, Bloomberg, Gizmodo, CBS News, New York Times, CoinDesk, The Block, CoinGape, Apricitas Economics, Neowin, Decrypt, Watcher Guru, MarketWatch, Cointelegraph, PYMNTS.com, Financial Times, The Guardian, Coinspeaker, Inside Bitcoins, Bitcoin News, Crypto Daily, VentureBeat, and crypto.news
Tweets:
@hfangca, @jchervinsky, @melt_dem, @josephzeballos, @twobitidiot, @thestalwart, @okcoin, @fdicgov, @davidkurten, @tbr90, and @arjunsethi
| CNBC: |
First Republic Bank's stock drops 61.83%, after falling 33% last week, despite claiming $70B+ in unused liquidity on March 12 and the Fed's new lending facility — - First Republic said Sunday it had received additional liquidity from the Federal Reserve and JPMorgan Chase.| Dina Bass / Bloomberg: |
After investing $1B in OpenAI in 2019, Microsoft found ways to string together tens of thousands of Nvidia A100 GPUs, costing several hundred million dollars — When Microsoft Corp. invested $1 billion in OpenAI in 2019, it agreed to build a massive, cutting-edge supercomputer for the artificial intelligence research startup.
More:
The Verge, Microsoft, Cloud Computing Services, BGR, Digital Trends, and Insider
Tweets:
@dinabass, @dinabass, @dinabass, @rustybrick, @brianroemmele, and @aparanjape
| Fortesa Latifi / Teen Vogue: |
A YouTuber who went viral as a toddler says she resents her family for monetizing her childhood, as some influencer parents take their children off social media — “Nothing they do now is going to take back the years of work I had to put in.” — Search Claire's name online … | Kate Clark / The Information: |
Sources: Y Combinator will not raise another Continuity Fund, which backs late-stage startups, and the two partners who led the fund plan to leave the company — Silicon Valley startup accelerator Y Combinator won't raise another continuity fund, which backs mature private tech companies, two people familiar with the matter said.Sponsor Posts
ElevenLabs:
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Intel:
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Zoho:
Accessibility in Zoho People: Our commitment to an inclusive HR experience — According to a recent statistic, nearly 1.3 billion people live with a disability. In 2024, the employment rate for working-age people …
Accessibility in Zoho People: Our commitment to an inclusive HR experience — According to a recent statistic, nearly 1.3 billion people live with a disability. In 2024, the employment rate for working-age people …
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.
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
The Social Radars:
Paul Graham, Founder, Y Combinator
Come be a fly on the wall as Y Combinator's Jessica Livingston and Carolynn Levy talk to some of the most successful founders in Silicon Valley about how they did it.
Subscribe to The Social Radars.
The Upstarts Podcast:
Star Catcher's Andrew Rush: Harnessing The Sun To Build The First Energy Grid In Space
Veteran tech reporter Alex Konrad sits down with breakout entrepreneurs taking on the status quo to shake up their fields in AI, design, nuclear energy, space, and more.
Subscribe to The Upstarts Podcast.
The Nick, Dick and Paul Show:
Why Countries Go to War
Nick Bilton, Dick Costolo, and Paul Kedrosky pull back the curtain on AI, startups, and the future rushing toward us, all with healthy dose of irreverence.
Subscribe to The Nick, Dick and Paul Show.
Great Chat:
Are startup HR teams okay?
A podcast mostly about tech. Brought to you weekly by Angela Du, Sally Shin, Mac Bohannon, Helen Min, and Ashley Mayer.
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The Talk Show With John Gruber:
'The Pogue Feature', With David Pogue
The director's commentary track for Daring Fireball. Long digressions on Apple, technology, design, movies, and more.
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Tools and Weapons with Brad Smith:
Everybody Goes Home: How technology is helping prevent wildfires from spreading
Microsoft Vice Chair and President Brad Smith speaks with leaders in government, business, and culture to explore the most critical challenges at the intersection of technology and society.
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