Techmeme
June 13, 2022, 8:10 AM

Top News

Celsius:
DeFi lending platform Celsius pauses “all withdrawals, Swap, and transfers between accounts”, citing extreme market conditions  —  We are writing with a very important message for our community.  —  Due to extreme market conditions, today we are announcing that Celsius is pausing …
More: tether.to, The Block, Wall Street Journal, CoinDesk, The Guardian, CNBC, Gizmodo, CoinDesk, Decrypt, TheStreet, Fortune, The Verge, Cointelegraph, Insider, Coinspeaker, Reuters, CryptoSlate, Coinpedia, TechSpot, Blockchain News, Cryptonews, CryptoGlobe, CryptoPotato, CoinJournal, Protos, Ethereum World News, Micky, The Block, CoinGape, Crypto Adventure, Meer of Mynder, Crypto Briefing, TechCrunch, Bloomberg, Tech in Asia, and QTR's Fringe Finance
Bloomberg:
Major cryptocurrencies are crashing: bitcoin drops by 10%+ to below ~$24K, ether drops by 20%+ to below $1.2K, Avalanche drops 20%+, and Solana drops 19%+  —  Bitcoin plunged to the lowest in about 18 months in Asia trading Monday as the impact of Friday's shock US inflation data continued to reverberate through global risk assets.
Matt Turner / Bloomberg:
As crypto tumbles, MicroStrategy, which owns 129K+ bitcoins, drops as much as 23%, while Coinbase, Riot Blockchain, and Marathon Digital each drop 14%+  —  Cryptocurrency-related stocks plunged in premarket trading Monday as Bitcoin tumbled to its lowest level in 18 months amid a deepening selloff …
Daniel Roberts / Decrypt:
Celsius' token CEL fell 70% in one hour after the DeFi lending giant suspended withdrawals, dropping to about ¢20 amid a broader crypto market slump  —  On Sunday night, with crypto markets already in freefall, controversial crypto lender Celsius announced it was suddenly pausing all customer withdrawals, swaps, and transfers.
Nitasha Tiku / Washington Post:
A look at advanced large language models, as Google places an engineer on paid leave after he became convinced that its LaMDA chatbot generator was sentient  —  AI ethicists warned Google not to impersonate humans.  Now one of Google's own thinks there's a ghost in the machine.
Gary Marcus / The Road to AI We Can Trust:
Mark Gurman / Bloomberg:
Molly White:
A skeptical look at crypto as a foundation for self-sovereign identity and some likely dystopian outcomes, as Buterin, Dorsey, and others explore the idea  —  Anonymity and trustlessness are central to the crypto world.  People don't have to attach real-world identities to crypto wallets …
Michael McSweeney / The Block:
AnnaMaria Andriotis / Wall Street Journal:
Sources: Apple plans to use Apple ID data for identity verification and fraud prevention in its BNPL service, alongside credit reports and FICO scores  —  Tech giant will approve borrowers and fund loans itself rather than rely on a bank  —  Apple Inc. tiptoed into finance with Apple Pay …
Annie Palmer / CNBC:
How Amazon entices creators to join its Influencer Program, which launched in 2017 and pays a commission for generated sales, by flying them to resorts and more  —  - Last month, Amazon hosted more than a dozen Instagram, TikTok and YouTube stars at a glitzy Mexico resort.

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Robert Burnson / Bloomberg:

Earlier Picks

Mitchell Clark / The Verge: