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May 9, 2022, 4:05 PM
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| Bloomberg: |
Bitcoin falls 7%+ to under $32,000, its lowest level since July 2021, as investors flee riskier investments; Ethereum, Solana, Avalanche, and others also drop — Bitcoin extended losses, dropping below $31,000 for the first time since July 2021, putting its decline from a November record high …
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The Block, Wall Street Journal, Forbes, Wall Street Journal, Financial Times, CoinDesk, Bloomberg, Fortune, Tom's Hardware, Ethereum World News, SlashGear, Bitcoinist.com, Bloomberg, CNBC, Livemint, Cointelegraph, New York Times, CryptoPotato, Crypto Briefing, Barron's Online, and RTÉ
Tweets: @lfg_org, @schwarz, @stablekwon, @saylor, @cryptomanran, @maybebullish, @bennetttomlin, @cryptowhale, @timbray, @timbray, @iamjosephyoung, @tier10k, @adamsinger, @thestalwart, @ahcastor, @naiivememe, @robustus, @kaiynne, @nlw, @ben_mckenzie, @ryansadams, @saxena_puru, @twobitidiot, @ldrogen, @robustus, @punk6529, @carnage4life, @adamsinger, @trustlessstate, @bitfinexed, and @davidzmorris
| Sam Kessler / CoinDesk: |
UST loses its dollar peg twice in <48 hours, dropping under $0.95, after the Luna Foundation Guard said it would defend the stablecoin with bitcoin reserves — TerraUSD (UST) has lost its dollar peg for the second time in three days, falling to as low as $0.95 on Monday …
More:
The Block, Bloomberg, Blockworks, Decrypt, and Bitcoin News
Tweets: @guilletorrealba and @coindesk
| Anushree Dave / The Block: |
Mark Zuckerberg says Meta will start letting some US creators test digital collectibles and NFTs on Instagram this week, and won't charge for sharing NFTs — Meta will start testing digital collectibles and NFTs on Instagram this week, according to chief executive Mark Zuckerberg.
Source:
Facebook. More:
TechCrunch, Protocol, The Information, The Verge, Gizmodo, CoinDesk, SiliconANGLE, Decrypt, Redmond Pie, Digital Trends, Finextra, Crypto Briefing, Engadget, CoinDesk, crypto.news, Coinspeaker, Blog Tien So, ZyCrypto, Cripto Letter, 9to5Mac, and CoinDesk
| CNBC: |
Staff email: Uber CEO Dara Khosrowshahi says the company will slash marketing and incentive spending, treat hiring as a “privilege”, focus on profit, and more — - Uber will slash spending on marketing and incentives and treat hiring as a “privilege,” CEO Dara Khosrowshahi said in an email to staff on Sunday.
More:
Insider, Gizmodo, The Verge, The Hill, Reuters, Protocol, Fortune, The Economic Times, TechCrunch, Benzinga, City A.M., and Barron's Online
Tweets: @dee_bosa, @dee_bosa, @shiraovide, @shiraovide, @niklausfuller, @breadcrumbsre, @ericnewcomer, @mattzeitlin, @marypcbuk, @mateosfo, @bgurley, @gergelyorosz, @jeffnolan, @tedkempcnbc, @european_dgi, @dee_bosa, @jyarow, @tomprice, @shafiquegajdhar, @petergyang, @traceyryniec, @transitcenter, @cabvisiontaxi, @shortsightedcap, @wallstcynic, @marceloplima, and @cmungerilal
| Drew Harwell / Washington Post: |
Clearview AI reaches a settlement with the ACLU by agreeing to stop selling or offering free access to its facial recognition database to most US businesses — The settlement marks one of the most significant court actions yet against a company known for downloading billions of people's photos …
Source:
ACLU. More:
New York Times, TechCrunch, The Verge, The Record, Reuters, CyberScoop, Protocol, Forbes, The Hill, Associated Press, and Engadget
Tweets: @caro1inehaskins, @drewharwell, @lukeobrien, @clearing_fog, @alexhanna, @skooks, @marciahofmann, @marciahofmann, @brooklynmarie, @digiphile, @rmac18, @eileenguo, @rmac18, @rmac18, and @rmac18
| Margaret Harding McGill / Axios: |
The White House says 20 ISPs, including Verizon, Comcast, and Charter, have agreed to offer 100 Mbps internet service for $30 per month to low-income families — The White House said Monday 20 internet service providers have agreed to offer $30 high-speed internet plans to low-income families …
More:
The White House, PCMag, NPR, CNBC, community broadband networks, ABC News, NBC News, Reuters, Telecompetitor, Bloomberg, Engadget, and Tech Xplore
Tweets: @repmarktakano, @cmclymer, @axios, @aurorao83, @tonyromm, @karlbode, @frankcatalano, @guykawasaki, @cecproff, @kansasresisters, @whitehouse, @ambrice46, @briandeesenec, @vp, and @omunderdal
| Washington Post: |
Researchers: Elon Musk, who vowed to defeat Twitter's “spam bots or die trying”, has long benefited from “fanbots” boosting Tesla shares and deriding critics — Mechanized accounts have sought to boost Tesla shares, deride critics and push the pending takeover of Twitter.
More:
Nieman Lab, Bitcoinist.com, CoinQuora, International Business Times, Benzinga, Insider, and New York Post
Tweets: @elonmusk, @elonmusk, @josephmenn, @chetfaliszek, and @washingtonpost
| Yoko Kubota / Wall Street Journal: |
Sources: as China restricts access due to COVID-19, Apple is giving local workers more authority as US staff monitors progress using live streaming and AR — Tech giant passes more authority to local workers, uses live streaming and augmented reality to ensure products made in China come out on time
More:
MacRumors, iThinkDifferent, iPhone in Canada Blog, MacDailyNews, The Mac Observer, AppleInsider, Philip Elmer‑DeWitt, and 9to5Mac
Tweets: @pstasiatech, @anthony, @jchengwsj, and @niubi
| New York Times: |
Tesla's stock is down 30%+ since Elon Musk disclosed his Twitter stake on April 4, as investors worry about his personal debt and Twitter becoming a distraction — The chief executive's debt load, his divided attention and Twitter's own challenges could all take a toll on his electric-car company.
More:
Hindenburg Research, Axios, Sylvain Saurel's Newsletter, and Wccftech
Tweets: @johnwilson, @masonpelt, @alex, and @gmbutts
| Janko Roettgers / Protocol: |
Despite Apple's push into AR, its lack of mobile Safari support for web-based AR lags browser providers like Google, Samsung, who have supported WebXR for years — “AR is going to change the way we use technology forever.” For the past five years, Tim Cook has used every possible opportunity …
More:
9to5Mac and AppleInsider
| Ax Sharma / BleepingComputer: |
Costa Rica's president declares a state of emergency after the Conti ransomware group publishes 672GB of data that appears to belong to government agencies — The Costa Rican President Rodrigo Chaves has declared a national emergency following cyber attacks from Conti ransomware group on multiple government bodies.
More:
Tech Monitor, The Record, Gizmodo, Metacurity, Cybernews.com, Silicon Republic, Malwarebytes Labs, Bob's Newsletter, The Hacker News, and Reuters
Tweets: @statedeptspox and @campuscodi
| Kenrick Cai / Forbes: |
New York-based Hugging Face, which is building an open-source library of machine learning models, raises a $100M Series C at a $2B valuation led by Lux Capital — Newly valued at $2 billion, the AI 50 debutant originated as a chatbot for teenagers. Now, it has aspirations …
More:
huggingface.co, SiliconANGLE, and TechCrunch
Tweets: @kenrickcai, @kenrickcai, and @alexrkonrad
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