Techmeme
May 16, 2022, 8:05 AM

Top News

Sam Kessler / CoinDesk:
Luna Foundation Guard says its bitcoin reserves have depleted from ~80K to ~300 and the remaining UST and LUNA tokens will be used to compensate investors  —  The announcement comes after reports that over a billion dollars of Terra's bitcoin reserves are unaccounted for.
Hannah Miller / Bloomberg:
The knock-on effects of the TerraUSD and LUNA collapse will be felt across the crypto industry and could chill VCs' enthusiasm for investing in crypto startups  —  This week's undoing of the TerraUSD algorithmic stablecoin and its sister token Luna has ramifications for all of crypto.
Kellen Browning / New York Times:
Twitch confirms the Buffalo gunman livestreamed Saturday's attack on its platform, saying it took his channel down within two minutes of the violence starting  —  Officials said the gunman broadcast the attack live on Twitch, the livestreaming site owned by Amazon that is popular with gamers.
New York Times:
Live broadcasts and shared videos of mass shootings again raise questions about social networks' responsibilities in curbing violent and hateful content  —  Gunmen say they are influenced by online screeds and broadcasts of past shootings.  Do social media sites have a responsibility to rein in hateful and violent content?
Peter White / Deadline:
Sources: Netflix is exploring live streaming for its unscripted shows and stand-up specials, alongside live voting for competition series and talent contests  —  EXCLUSIVE: Netflix is going live for the first time.  —  Deadline understands that the streamer is exploring the launch of live streaming.
Joshua Oliver / Financial Times:
FTX CEO Sam Bankman-Fried says bitcoin has no future as a payments network because of its inefficiency and high environmental costs  —  Bankman-Fried criticises biggest digital asset over inefficiency and high environmental costs  —  Bitcoin has no future as a payments network …
Mark Gurman / Bloomberg:
Opinion: Apple should acquire EV startup Canoo, which says it is running out of cash to operate and whose former CEO is a top executive on Apple's car project  —  Apple could take a look at struggling electric-vehicle startup Canoo to help it build up its car project.
Caitlin Harrington / Wired:
A look at the Apple Together solidarity movement that emerged from #AppleToo to provide support for Apple employees organizing in retail, AppleCare, and more  —  A solidarity movement called Apple Together has provided tools and support as the company's retail employees organize.
Mia Sato / The Verge:
OpenSea tries “improving authenticity” by revamping account verification and debuting a system to detect, remove, and prevent copies of authentic NFT content  —  The updates are an attempt to cut down on plagiarism and fakes  —  OpenSea is rolling out features to “improve authenticity” …
Ryan Weeks / The Block:
Elwood Technologies, a crypto-focused market access and trading service for institutional investors, raises a $70M Series A led by Goldman Sachs, Dawn Capital  —  Quick Take  — Goldman Sachs, Barclays and CommerzVentures invested in the Series A round alongside venture capital firms.
Kevin Helms / Bitcoin News:
Germany's Ministry of Finance confirms that selling crypto assets is tax-free if they are held for over a year, even if they are used for staking and lending  —  The German Ministry of Finance has published a letter officially confirming that the sale of crypto assets is tax-free after one year …

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