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May 13, 2022, 12:10 PM
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| Nivedita Balu / Reuters: |
Elon Musk says his Twitter deal is “temporarily on hold” pending a review of “spam/fake accounts”, but he is “still committed to acquisition”; stock drops 5%+ — Elon Musk said on Friday his $44-billion deal for Twitter Inc (TWTR.N) was temporarily on hold …
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@elonmusk and @elonmusk. More:
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| Lora Kolodny / CNBC: |
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| Bloomberg: |
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| Sunil Jagtiani / Bloomberg: |
Terraform Labs halts Terra block production for the second time in 24 hours “to come up with a plan to reconstitute” the network, after UST and LUNA collapsed — The blockchain behind the collapsed TerraUSD stablecoin and the affiliated Luna token stopped processing new transactions for the second time in less than a day.
Source:
@terra_money. More:
Binance, The Verge, Binance, Protocol, Forbes, Blockworks, The Block, Decrypt, Bloomberg, Decrypt, GlobeNewswire News Room, Cointelegraph, CoinDesk, CoinDesk, The Guardian, CoinGape, Bitcoin Magazine, CoinDesk, CoinDesk, Decrypt, The Block, Cryptonews, CryptoPotato, Cointelegraph, CryptoPotato, Cointelegraph, Benzinga, CoinDesk, The Block, Market Meditations, and Web3 is going just great
Tweets: @terra_money, @cyounessi1, @terra_money, @terra_money, @cz_binance, @cz_binance, @ncweaver, @eric20token, @cz_binance, @davidgokhshtein, @giganticrebirth, @mewn21, @trader_xo, @wormholecrypto, @wormholecrypto, @wormholecrypto, @justinwolfers, @luna_terra_coin, @decryptmedia, @hoffmang, @ercwl, @alexhern, @migueldeicaza, @ncweaver, @m_paulmcnamara, @theblock__, @willoremus, @web3isgreat, @chainlinkgod, @crypto_condom, @bennetttomlin, and @timccopeland
| Matt Levine / Bloomberg: |
If crypto continues to integrate into the real economy, cryptocurrency sell-offs could impact ordinary people, especially if there are runs on stablecoins — Programming note: Money Stuff will be off tomorrow, back on Monday. — Crypto — In 2008 the prices of some structured credit products built … | Joanna Ossinger / Bloomberg: |
More:
New York Times, The Record, Wall Street Journal, TechCrunch, TradingBTC.com, and Forkast
| Jane Lanhee Lee / Reuters: |
Arm reports record 2021 revenue, up 35% YoY to $2.7B, due to licensing up 61% YoY to $1.13B and royalties up 20% YoY to $1.54B; 29.2B ARM chips shipped in 2021 — SoftBank Group Corp's(9984.T) chip technology firm Arm Ltd on Thursday reported record revenue for 2021, and Chief Executive …
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Arm, The Register, Thurrott, Silicon Valley Business …, Semiconductor Engineering, ZDNet, HPCwire, and insideHPC
Tweets: @bobodtech, @patrickmoorhead, and @benbajarin
| David Ingram / NBC News: |
Some local officials forced US schools and libraries to shut down or limit e-reader apps like Epic and OverDrive after conservative parents objected to content — E-reader apps that became lifelines for students during the pandemic are now in the crossfire of a culture war raging over books in schools and public libraries.| Yueqi Yang / Bloomberg: |
Coinbase's market cap falls to $12.98B from a $75B+ peak in 2021 as its stock closes at $58.50, far below its first day closing price of $328.28 in April 2021 — Coinbase Global Inc. has declined precipitously this year, largely mimicking the drop in Bitcoin prices and taking its market value …
More:
CNN. Tweets: @brian_armstrong, @sophiamzaller, @karacalvert, @disruptepreneur, and @malwarejake
| Washington Post: |
Hollywood insiders explain celebrities' decreased interest in Twitter, seen as a high-risk, low-reward platform, and why Musk's ownership might make it worse — Elon Musk was right that Twitter's most popular accounts have gone quieter over the years. Hollywood insiders explain what happened …
More:
Protocol. Tweets: @benjysarlin, @willoremus, @davewiner, @marshallk, @jeffnolan, @whereisdaz, @mrinaldesai, @nickmartin, @kantrowitz, @marshallk, @theeashleyray, @lisakayhawes, @natemcdermott, @docdre, @taylorlorenz, @mattnavarra, @willoremus, @karissabe, and @triketora
| Veronica Irwin / Protocol: |
Masayoshi Son says SoftBank plans to cut its startup investments by 50%-75% through March 2023, after Vision Fund reported a $20B+ loss for its fiscal year — Japanese conglomerate SoftBank is severely cutting its planned startup investments through next March, Chief Executive Masayoshi Son said in a Thursday earnings call.| Brian Krebs / Krebs on Security: |
The DEA is investigating reports that hackers gained access to its Law Enforcement Inquiry and Alerts system that taps into 16 federal law enforcement databases — The U.S. Drug Enforcement Administration (DEA) says it is investigating reports that hackers gained unauthorized access …
More:
Washington Post, Security Boulevard, Slashdot, KnowTechie, and Bob's Newsletter
Tweets: @secevangelism and @ncweaver
| Laurens Cerulus / Politico: |
EU countries and parliament agree on cybersecurity rules requiring industries such as banking, energy, telecom, and transport to better protect their networks — Faced with a flurry of cyberattacks, the European Union is asking its critical sectors to harden their defenses.| Ingrid Lunden / TechCrunch: |
London-based Token.io, an open banking-based account-to-account payments service, raises a $40M Series C co-led by Cota Capital and TempoCap — The rise of digital payments has changed the nature of how people do business with each other; and open banking — a movement in banking where incumbents … | Manish Singh / TechCrunch: |
Swiggy plans to acquire Dineout, a Times Internet-owned service for restaurant table reservations and events, a source says for $200M in an all-equity deal — Swiggy has amassed millions of users, helping them order food and grocery online in India. The seven-year-old firm is now looking to reach those who go out to eat.Sponsor Posts
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