Techmeme
May 13, 2022, 10:25 PM

Top News

Mark Gurman / Bloomberg:
Sources: Apple is testing iPhones with a USB-C port, and adapters for Lightning accessories, for 2023 at the earliest, to help it conform with looming EU rules  —  Apple Inc. is testing future iPhone models that replace the current Lightning charging port with the more prevalent USB-C connector …
Yogita Khatri / The Block:
Over $1.2B of Luna Foundation Guard's bitcoin reserves remains unaccounted for; LFG had $2B+ in bitcoin reserves and loaned $750M to OTC firms and market makers  —  Quick Take  — Luna Foundation Guard accumulated over $2 billion in bitcoin reserves and provided a loan of $750 million in bitcoin.
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.
Joanna Ossinger / Bloomberg:
Nivedita Balu / Reuters:
Source: @elonmusk and @elonmuskMore: Wall Street Journal, The Verge, Washington Post, Washington Post, Axios, The Economic Times, BBC, Bloomberg, New York Times, Engadget, Financial Times, Axios, Ars Technica, 9to5Mac, New York Times, Japan Today, Moneycontrol, On my Om, Variety, CNN, CNBC, Social Media Today, Los Angeles Times, Android Central, Bloomberg, The Verge, Associated Press, Silicon Republic, The Guardian, Barron's Online, BuzzFeed News, Bloomberg, Financial Times, Protocol, TechCrunch, The Wrap, iMore, CoinDesk, The Hollywood Reporter, VICE, Fortune, Cryptonews, Insider, and Variety
Matt Levine / Bloomberg:
By tweeting that his Twitter deal is “on hold”, Musk yet again commits “lite securities fraud” while laying the groundwork to walk away or renegotiate the price  —  Programming note: Money Stuff was supposed to be off today, but then my boss, Elon Musk, called me in to work anyway.
Bloomberg:
Cat Zakrzewski / Washington Post:
Two groups representing Meta, Google, and others ask SCOTUS to block Texas' social media law prohibiting content moderation, arguing the law is unconstitutional  —  The emergency application follows a surprise ruling in a lower court Wednesday that allowed the law to take effect
David Jones / Cybersecurity Dive:
The Linux Foundation and OpenSSF plan to spend $150M+ to boost open source and supply chain security; Amazon, Google, Intel, Microsoft, and others pledged $30M+  —  Top technology companies offered $30 million toward a two-year goal to bolster software supply chain security.  —  Listen to the article
Lucas Matney / TechCrunch:
Postmates founder Bastian Lehmann's new crypto startup TipTop raises a $23M Series A from a16z, Sam Altman, Naval Ravikant, Jeff Clavier, Dan Romero, and others  —  Postmates founder Bastian Lehmann's new crypto startup TipTop was lightly teased out a few weeks ago, but now the stealth startup …
Brian Heater / TechCrunch:
Paresh Dave / Reuters:
US states and local governments are backing off banning facial recognition, amid rising crime and increased lobbying from facial recognition developers  —  Facial recognition is making a comeback in the United States as bans to thwart the technology and curb racial bias in policing come under threat amid …

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Jane Lanhee Lee / Reuters: