Techmeme
May 15, 2022, 3:40 AM

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.
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.
Mia Sato / The Verge:
OpenSea says it rolling out a new system to detect and remove copycat NFTs and verify accounts in an effort to “improve authenticity” on the marketplace  —  The updates are an attempt to cut down on plagiarism and fakes  —  OpenSea is rolling out features to “improve authenticity” …
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 …
Kenrick Cai / Forbes:
Material Security, which helps enterprises protect sensitive info stored in email accounts even if they are hacked, raises a $100M Series C at a $1.1B valuation  —  A growing wave of tech layoffs have given rise to remorseful CEOs' lamentations that they hired too quickly during the pandemic.
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 …
Arielle Pardes / Wired:
Several women who attended Miami's Bitcoin 2022 conference were harassed and say the conference didn't enforce its anti-harassment policies  —  For some women, inappropriate conduct from other conference-goers continued to haunt them online.  —  Miami's annual gathering of Bitcoin zealots began with a bull.

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