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May 14, 2022, 4:25 PM
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WeSmirchTop News
| Edward Ongweso Jr / VICE: |
A Q&A with retail traders after Terra's crash: some lost their life savings, others shared suicidal ideation on forums, and some now realize it's a Ponzi scheme — It took less than a week for the third largest stablecoin and its ecosystem to become virtually worthless, wiping out countless traders' savings.| 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: |
Source:
@terra_money. More:
Benzinga, Binance, Crypto Adventure, The Weekly Distillation, Decrypt, NullTX, Forbes, Weekly Cryptocurrency …, Launchpool Press, CoinDesk, and The Guardian
Tweets: @stablekwon, @terra_money, @terra_money, @cyounessi1, @terra_money, @stablekwon, @cz_binance, @terra_money, @stablekwon, @0xhamz, @persiancapital, @vitalikbuterin, @cz_binance, @stablekwon, @stablekwon, @ncweaver, @eric20token, @cz_binance, @katie_martin_fx, @giganticrebirth, @davidgokhshtein, @migueldeicaza, @ncweaver, @wormholecrypto, @hoffmang, @willoremus, @mewn21, @trader_xo, @wormholecrypto, @wormholecrypto, and @justinwolfers
| Mike Masnick / Techdirt: |
Texas' content moderation law is clearly unconstitutional and forces social media services to allow a torrent of spam or face a deluge of frivolous litigation — So, I already had a quick post on the bizarre decision by the 5th Circuit to reinstate Texas' social media content moderation law …
More:
CNN, Washington Post, Wired, PC Gamer, and Tubefilter
Tweets: @txag, @jesselehrich, @gaberivera, @david_ingram, @simonw, @soonergrunt, @espinsegall, @jelenawoehr, @kevinmkruse, @4l0ts, @4l0ts, @jesselehrich, @edroso, @agraybee, @bkabak, @antonio, @xor, @steveklabnik, @jamesrbuk, @haircut_hippie, @theophite, @anamardoll, @theophite, @hippiegeekgirl, @theophite, @law_comedy, @jrosenworcel, @szhang_ds, @errantstrategry, @popehat, @enternodecs, @ericgarland, @willoremus, @jason_kint, @b_fung, and @willoremus
| Cat Zakrzewski / Washington Post: |
More:
CNN, PCMag, Reuters, NetChoice, Engadget, The Verge, Axios, Politico, and Protocol
Tweets: @aricohn, @aricohn, @steve_vladeck, @japantimes, @jkosseff, @acedtect, @aricohn, @aricohn, @reckless, @aricohn, @aricohn, @philnobilejr, @aricohn, @sethabramson, @aricohn, @statesman, @aricohn, @aricohn, @mmasnick, @ctatech, and @mpetricone
| Sohee Kim / Bloomberg: |
Sources: Samsung is talking to foundry clients about hiking chipmaking prices by up to 20% in 2022, joining TSMC and UMC, which are planning more price hikes — Samsung Electronics Co. is talking with foundry clients about charging as much as 20% more for making semiconductors this year …
More:
Nikkei Asia, iPhone in Canada Blog, Tom's Guide, Engadget, The Register, The Korea Herald, Tom's Hardware, PCMag, and Android Authority
Tweets: @nikkeiasia, @deccanherald, @pelstrom, @soheefication, @nikkeiasia, @dylan522p, @dnystedt, and @pstasiatech
| Taylor Lorenz / Washington Post: |
A look at My Friends My Data, a group of startup founders pushing for laws to force tech giants like Meta and Alphabet to let users move followers between apps — A new coalition of start-ups is calling on tech giants to allow creators to reach followers on more platforms.| Nivedita Balu / Reuters: |
Elon Musk says his Twitter deal is “temporarily on hold” till a review of “spam/fake accounts”, but is “still committed to acquisition”; stock closes down 9.67% — Elon Musk said on Friday his $44-billion deal for Twitter Inc (TWTR.N) was temporarily on hold …
Source:
@elonmusk and @elonmusk. More:
Axios, Insider, Livemint, Washington Post, Wall Street Journal, On my Om, MSPoweruser, The Verge, Washington Post, The Information, iPhone in Canada Blog, CNBC, Axios, Bitcoinist.com, BBC, Neowin, The Economic Times, The Guardian, Financial Times, New York Post, New York Times, Axios, Social Media Today, Los Angeles Times, Bloomberg, and Digital Trends
Tweets: @elonmusk, @snoopdogg, @jeffbezos, @paraga, @moskov, @alexstamos, @mmasnick, @karaswisher, @snoopdogg, @btaylor, @sarahfrier, @jack, @alexstamos, @alexstamos, @alexstamos, @jack, @jack, @moskov, @moskov, @maxkennerly, @cbouzy, @modestproposal1, @moskov, @rasmussen_poll, @cbouzy, @oneunderscore__, @davidmweissman, @caseynewton, @claritytoast, @dinasrinivasan, @karaswisher, @caseynewton, @rmac18, @hblodget, @rmac18, @ryanqnorth, @saschasegan, @fmanjoo, @mikeisaac, @caseynewton, @danprimack, @parmy, @taylorlorenz, @realspikecohen, @brij, @metaquest, @noupside, @rmac18, @dangoodin001, @tomcoates, @profgalloway, @danprimack, @kurtwagner8, @williamturton, @bplewis, @carltonreid, @obrien, @seldo, @stanhoraczek, @maxboot, @jjohnsonlaw, @briannawu, @gtconway3d, @wfkars, @ed_solomon, @will_bunch, @patrickw, @cliffschecter, @parikpatelcfa, @willoremus, @loudmouthjulia, @paleofuture, @arashmassoudi, @carnage4life, @digiphile, @andyostroy, @sarafischer, @mims, @karaswisher, @mgsiegler, @karaswisher, @deanobeidallah, @0x, @alexweprin, @alexweprin, @psawers, @espiers, @jeffjarvis, @cristinacriddle, @ben_mckenzie, @paultassi, @carnage4life, @kantrowitz, @clairecmc, @loganbartlett, @garyblack00, @wongmjane, @markets, @ankaman616, @parmy, @parmy, @robtfrank, @arthurschwartz, @matt_levine, @samro, and @tbraithwaite
| Matt Levine / Bloomberg: |
More:
Platformer, Reuters, NPR, 9to5Mac, Forbes, Light Reading, Android Central, SiliconANGLE, and Search Engine Journal
| Joshua Oliver / Financial Times: |
An interview with Sam Bankman-Fried on crypto hype, blockchain's potential to build a fairer financial system, bitcoin as an asset, philanthropy, and more — When an aide told me that “one of our drivers” would pick me up for my lunch with Sam Bankman-Fried, I imagined a hulking black SUV …
More:
New York Times. Tweets: @steveclapham, @andrewcarrier, @mateobusiness, @katie_martin_fx, @patrickfrench, @jimpethokoukis, @ftweekend, @newmoneyreview, and @tomashirstecon
| Benjamin Pimentel / Protocol: |
A Q&A with SEC commissioner and “Crypto Mom” Hester Peirce, on her criticisms of the SEC's approach to crypto, chairman Gary Gensler's leadership, and more — SEC Commissioner Hester Peirce is celebrated in memes as “Crypto Mom.” She's considered crypto's staunchest ally …
Tweets: @wilber54x, @xrpcryptowolf, @benpimentel, @owenthomas, and @cryptolawus
| Dimuthu Attanayake / Rest of World: |
Experts say the personal data leaked by Anonymous from various Sri Lankan government and other websites has put regular citizens at severe risk of cybercrimes — Leaked data by the hacker collective has put regular Sri Lankans at severe risk of cybercrime. — • COLOMBO, SRI LANKA
Tweets: @martijn_grooten, @mskidchaos, and @restofworld
| Sam Nussey / Reuters: |
Tokyo- and Bangkok-based Opn, formerly Synqa, a digital payments and blockchain tech provider, raises a $120M Series C+ at a $1B+ valuation — Digital payments processor Opn, formerly known as Synqa, said it had raised $120 million in a Series C+ funding round, becoming a rare unicorn, or startup worth more than $1 billion, in Japan.
More:
Forbes, BRIDGE（ブ …, and Tech in Asia
| Brian Heater / TechCrunch: |
A Q&A with Reggie Fils-Aimé, former Nintendo of America president and COO, on his time at the company, plans for a $200M SPAC, the future of gaming, and more — The former Nintendo of America president and COO discusses his journey with the gaming giant| The Economic Times: |
Sources: Amazon, Flipkart, and Reliance Retail are in talks to join India's open e-commerce network, which aims to break the dominance of large e-commerce firms — Logistics providers Ekart, Dunzo sign up on network; PhonePe in final stages of integration — Bengaluru: Ecommerce majors …
Tweets: @sarthakgh, @ettech, @digbijaymishra1, @digbijaymishra1, @digbijaymishra1, and @digbijaymishra1
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