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May 12, 2022, 11:15 AM
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| Joanna Ossinger / Bloomberg: |
After UST's collapse, most rival algorithmic stablecoins are below the dollar peg; Tether and USDC, the two largest, are mostly holding their dollar peg — Stablecoins besides TerraUSD are failing to live up to their billing as the collapse of the algorithmic token has investors pondering …
More:
The Block, The Block, CoinDesk, Tech Monitor, CoinDesk, Crowdfund Insider, Washington Post, and Financial Times
Tweets: @stablekwon, @johnbrownlow, @terra_money, @molly0xfff, @kadhim, @mskidchaos, @traderkoz, @alexhern, @carnage4life, @jerallaire, @parismarx, @trustlessstate, @thestalwart, @unusual_whales, @barrysilbert, @katie_martin_fx, @zhusu, @bramcohen, @lawmaster, @rekthq, @lawmaster, @tautologicaly, @carnage4life, @lhm1, @sbf_ftx, @kadhim, @macnbtc, and @lawmaster
| Andrew Rummer / The Block: |
Tether, the largest stablecoin, briefly drops to a 24-hour low of $0.96; Binance USD and USDC are both trading at around $1 — Quick Take — Tether dropped below $0.96 on Thursday morning. — The stablecoin is designed to keep a constant peg with the dollar.
More:
Gizmodo, Forbes, The Guardian, The Economic Times, tether.to, Kaiko, Bloomberg, Cointelegraph, CoinJournal, CoinDesk, MarketWatch, CNBC, Financial Times, Cointelegraph, Fortune, Bloomberg, CryptoGlobe, Crypto Briefing, Investing.com, Tech in Asia, Decrypt, and CoinDesk
Tweets: @paoloardoino, @tether_to, @kadhim, @whale_alert, @thestalwart, @ldrogen, @_checkmatey_, @mayazi, @tether_to, @kadhim, @kadhim, @alexhern, @thestalwart, @whale_alert, @alexhern, @safetyth1rd, @fchollet, @cobie, @austerity_sucks, @robinwigg, @scupytrooples, @0xfoobar, @bongcapital, @alexhern, and @silvermanjacob
| CoinDesk: |
Sources: Terraform Labs CEO Do Kwon pseudonymously co-founded Basis Cash, a failed algorithmic stablecoin set up in 2020 that peaked at $174M total value locked — Basis Cash, an algorithmic stablecoin project founded by the anonymous “Rick” and “Morty” in 2020, was actually the work of Terraform Labs employees.
More:
The Independent, Terra Research Forum, Protocol, Fortune, Silicon Canals, Bloomberg, Protos, rekt, Dirt, Diary of a Degen, and Noticas Crypto
Tweets: @stablekwon, @davidgerard, @malwarejake, @coindesk, @thestalwart, @loopifyyy, and @carnage4life
| Ryan Browne / CNBC: |
Bitcoin dropped below $26,000 for the first time since December 2020, down 15% in 24 hours; Ether dropped as low as $1,720, its lowest level since July 2021 — - The price of bitcoin plunged below $26,000 on Thursday, hitting its lowest level in 16 months.
More:
Fortune, NBC News, Cointelegraph, Wall Street Journal, Forbes, Bloomberg, The Block, Bloomberg, and euronews
Tweets: @binanceus, @_megconley, @ldignan, @carnage4life, @ashwsbreal, @cobie, @lopp, @lionelralaurent, @thekouk, and @carnage4life
| Yogita Khatri / The Block: |
MicroStrategy's massive bitcoin bet is underwater on paper as bitcoin trades around $28,000; MicroStrategy holds 129,218 BTC, bought for $30,700 on average — Quick Take — Bitcoin's price fall has led to unrealized losses for MicroStrategy. — The Nasdaq-listed company is currently sitting on a paper loss of $330 million.| Financial Times: |
Brian Armstrong says there's “no risk of bankruptcy” after Coinbase said in its filing that its users might lose all their crypto if the exchange goes bankrupt — Shares in crypto exchange fall 23% after bleak results and new risk disclosure — Shares in cryptocurrency exchange …
Source:
@brian_armstrong. More:
HotHardware.com News, Cointelegraph, KnowTechie, Coinspeaker, Bloomberg, CNN, Forbes, and Newser
| Adi Robertson / The Verge: |
A US appeals court rules 2-1 to let Texas enforce a social media law stopping Twitter, Facebook, and other services with 50M+ users from moderating content — A judge blocked a similar law in Florida on First Amendment grounds — The controversial Texas social media law HB 20 …
More:
ExchangeWire.com, Protocol, and TechCrunch
Tweets: @mjs_dc, @b_fung, @wendyndavis, @rmfifthcircuit, @b_fung, @mjs_dc, @daphnehk, @mjs_dc, @medialawprof, @b_fung, @popehat, @sharkhand, @metaltxt, @mjs_dc, @josephmenn, @medialawprof, @popehat, @popehat, @reckless, @asfleischman, @questauthority, @questauthority, @cathygellis, @evan7257, @hallerjackson, @popehat, @popehat, @rmfifthcircuit, @chrisgeidner, @cman2k, @popehat, @questauthority, @ggreeneva, @jeffjarvis, @jameeljaffer, @chrisgeidner, @dangillmor, @ccianet, @thinkingsapien, @popehat, @mjs_dc, @jake_zuckerman, @5dollarfeminist, @rmfifthcircuit, @videah_, @mjs_dc, @medialawprof, @steve_vladeck, @popehat, @popehat, @justinlawguy, @mjs_dc, @arossp, @popehat, @questauthority, @popehat, @benbrodydc, @popehat, @radleybalko, @popehat, and @rmfifthcircuit
| Jay Peters / The Verge: |
After mocking Apple for removing the iPhone headphone jack in an August 2021 ad for the Pixel 5a, Google quietly removes the headphone jack on the Pixel 6a — The Pixel 6A offers a lot of good features, but not a headphone jack — Google just revealed the Pixel 6A at Google I/O on Wednesday …
More:
MacRumors, AppleInsider, Philip Elmer‑DeWitt, KnowTechie, Wccftech, and iMore
Tweets: @ianbetteridge, @dcseifert, and @robpegoraro
| Damien Wilde / 9to5Google: |
More:
YouTube, The Keyword, The Verge, Tech Advisor, Android Authority, MSPoweruser, Android Headlines, TechCrunch, and Firstpost Tech. Tweets: @jaypeters
| David Pierce / The Verge: |
A look at Google's “ambient computing” strategy, a bid to unify its disparate hardware lines, led by the Pixel team — Making ambient computing happen is forcing Google to change how it does everything — The story of this year's Google I/O actually started three years ago.
More:
YouTube, Telecoms.com, MeTacheles, Patently Apple, and Pocket-lint
Tweets: @mcelhearn, @reckless, @caseynewton, @pierce, and @louisgray
| Paul Hill / Neowin: |
Google releases Android 13 Beta 2 with finer privacy controls, an improved Material You theme system, the ability to change the language of each app, and more — At its Google I/O event on Wednesday, Google released the second beta of Android 13. The search giant highlighted several … | Thomas Stackpole / HBR.org: |
Q&A with crypto skeptic Molly White, who runs Web3 Is Going Just Great, on Web3's evolving problems and cultural draw, blockchain privacy issues, and more — Welcome to Web3 — What Is Web3? — Why Blockchain's Ethical Stakes Are So High Web3 Will Run on Cryptocurrency What a DAO Can — and Can't — Do
Tweets: @theburningmonk, @morganricks1, @gergelyorosz, @marcprecipice, @ryanlcooper, @ahcastor, and @molly0xfff
| Frederic Lardinois / TechCrunch: |
Google and Samsung announce Health Connect to simplify connectivity between health and fitness apps and allow users to share their data across apps — At its Google I/O developer conference, Google and Samsung today announced Health Connect, a new initiative that will simplify … | David Pierce / The Verge: |
Google announces Workspace updates, including AI-powered tools to control how users look and sound on Meet and automated transcriptions of Meet meetings — Making your Meet meetings a little better — There's a good chance you've spent much of the last two-plus years sitting at home … | Sarah Perez / TechCrunch: |
More:
The Keyword, Club386, Android Police, Insider, Search Engine Roundtable, Android Headlines, and Fast Company
Tweets: @google, @sundarpichai, @garrettsussman, @searchliaison, @sundarpichai, @marie_haynes, and @wittednote
| Scott Stein / CNET: |
An interview with James Park, Fitbit co-founder and Google's wearables division head, on how the Pixel Watch factors into Fitbit and its future plans, and more — James Park talks to CNET about the Google Pixel Watch, and where Fitbit's vision goes from here. — Scott Stein| Abner Li / 9to5Google: |
More:
Samsung Newsroom, The Verge, Insider, PhoneArena, KnowTechie, and Gizchina
Tweets: @madebygoogle, @madebygoogle, @benwood, @detroitborg, @ihnatko, @montblanc_world, @damanr, @ihnatko, @captain2phones, and @dcuthbert
| Sam Nussey / Reuters: |
SoftBank reports a $26.2B full year loss for its Vision Fund unit, leading the group to a $13.15B annual net loss, as stocks decline and inflation rises — SoftBank Group Corp (9984.T) reported on Thursday a record loss of $26.2 billion at its Vision Fund unit as the tech conglomerate's portfolio …
More:
Wall Street Journal, Financial Times, The Irish Times, Bloomberg, Financial Times, New York Times, TechCrunch, and SoftBank Group Corp.
Tweets: @birdyword and @madhavchanchani
| Rebecca Jennings / Vox: |
Creators who quit YouTube keep returning despite “YouTube brain”, where creators are creatively and financially subject to the whims of viewer attention spans — Prominent YouTubers keep quitting the platform and then coming back. Call it the result of YouTube brain.| Julian Chokkattu / Wired: |
Google will update over 20 apps with tablet optimizations in the coming weeks, as the company seeks to improve Android on large-screen devices — More than 20 Google apps will be updated with tablet optimizations in the coming weeks. — There's a reason why the word tablet is synonymous with iPad.
More:
Android Authority, SamMobile, 9to5Google, and Pocket-lint
| Brian Heater / TechCrunch: |
More:
9to5Google, Android Authority, 9to5Mac, Android Police, Pricebaba.com Daily, SamMobile, The Verge, Wired, and Android Developers
Tweets: @madebygoogle, @dcseifert, @ihnatko, @kevinctofel, and @detroitborg
| Crystal Tse / Bloomberg: |
Sources: Instacart confidentially filed documents for an IPO, which could happen as soon as 2022, though the timing could slip or the startup could stay private — Instacart Inc., the grocery delivery platform, has confidentially filed documents for an initial public offering, according to people with knowledge of the matter.
More:
Financial Times and The Economic Times
Tweets: @carnage4life, @sawyermerritt, @darian314, @yoda, and @epro
| Jay Peters / The Verge: |
Twitter launches Data Dash, a browser game intended to help explain some of its privacy settings, as part of a bigger push around its rewritten privacy policy — Avoid ads and trolls in Twitter Data Dash — Twitter released a new browser game on Wednesday that's intended to help explain some of its privacy settings.
More:
Twitter, privacy.twitter.com, Silicon Republic, 9to5Mac, TechCircle, Pocket-lint, The Mac Observer, and Mashable
Tweets: @twittersafety, @lizmhull, @mmasnick, and @rkmac
| Reuters: |
Foxconn reports Q1 net profit rose 5% YoY to ~$985M but warns that Q2 revenue could slow due to rising inflation, cooling demand, and supply chain issues — Shovel and FoxConn logo are seen before the arrival of U.S. President Donald Trump for the Foxconn Technology Group groundbreaking ceremony …
More:
AppleInsider, 9to5Mac, DigiTimes, Nikkei Asia, Financial Times, Wall Street Journal, CNBC, and Reuters
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