Techmeme
May 14, 2022, 10:45 PM

Top News

Edward Ongweso Jr / VICE:
Retail traders after Terra's crash: some say they 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:
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 …
Cat Zakrzewski / Washington Post:
Peter White / Deadline:
Sources: Netflix is exploring live streaming for its unscripted shows and stand-up specials, which would enable live voting for competitions  —  EXCLUSIVE: Netflix is going live for the first time.  —  Deadline understands that the streamer is exploring the launch of live streaming.
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.
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 …
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 …
Benjamin Pimentel / Protocol:
A Q&A with SEC Commissioner Hester Peirce, on her criticisms of the SEC's approach to crypto, chair Gary Gensler's leadership, being called “Crypto Mom”, more  —  SEC Commissioner Hester Peirce is celebrated in memes as “Crypto Mom.”  She's considered crypto's staunchest ally …

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