Techmeme
June 13, 2022, 9:50 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, CoinDesk, Wall Street Journal, Engadget, The Economic Times, Blockworks, CNBC, The Guardian, The Block, The Verge, Gizmodo, CoinDesk, TheStreet, Decrypt, Fast Company, Cointelegraph, Defillama round-up🦙, The Crypto Lobby, Reuters, Fortune, Cryptopolitan, Bitcoinist.com, Crowdfund Insider, Coinspeaker, CryptoSlate, Coinpedia, blog.celsius.network, Insider, TechSpot, Blockchain News, CoinJournal, Cryptonews, CoinGape, Crypto Adventure, Meer of Mynder, CryptoPotato, Crypto Briefing, TechCrunch, Bloomberg, Protos, CryptoGlobe, Tech in Asia, Ethereum World News, QTR's Fringe Finance, and Micky
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:
Gary Marcus / The Road to AI We Can Trust:
Despite differences within the AI community, pretty much all AI experts find the notion that Google's LaMDA might be sentient completely ridiculous  —  No, LaMDA is not sentient.  Not even slightly. … Blaise Aguera y Arcas, polymath, novelist, and Google VP, has a way with words.
Nitasha Tiku / Washington Post:
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 …
Mark Gurman / Bloomberg:
Corin Faife / The Verge:
A look at the growing split over ad blocker browser extensions, as Google's Manifest V3 cuts out blocking via Web Request while Mozilla maintains support for it  —  There's a growing split over how much room browsers should leave for ad blocking — and Chrome and Firefox have ended up on opposite sides of the fight.
Wall Street Journal:
Study: some streaming devices keep playing content when TVs are off, leading to ~17% of ads being shown when users can't see them, costing brands $1B+ per year  —  Lack of communication between TV sets and streaming devices causes estimated waste of over $1 billion in ad dollars
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.
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 …

Sponsor Posts

Subquadratic:
Subquadratic: the LLM built for 12M-token reasoning  —  SubQ can reason across entire codebases and document sets in one pass with no RAG workarounds.  Read how SubQ 1.1 Small holds near-perfect retrieval out to 12M tokens.
Cape:
Most carriers track everything.  Cape doesn't.  —  Unlimited talk, text & data, 24-hr metadata deletion, network ID rotation, SIM-attack defense, and more.  Switch today and get 29% off for life.
Equals:
Stop vibe coding analytics  —  Equals AI turns questions about your business into auditable spreadsheet models and dashboards.  Build once, iterate for years.
Zoho:
Zoho Notebook: The free iPad note-taking app every student needs  —  If you're a student with an iPad, you already have one of the best note-taking devices in your hands.  The question is, does your app actually do it justice?
IDrive:
Protecting your Cloud Applications Data  —  Backing up Office 365, Google Workspace, Dropbox & Salesforce data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.

Featured Podcasts

The Upstarts Podcast:
Abridge's Shiv Rao: The Doctor Founder Taking On Microsoft In Healthcare AI
Veteran tech reporter Alex Konrad sits down with breakout entrepreneurs taking on the status quo to shake up their fields in AI, design, nuclear energy, space, and more.
Subscribe to The Upstarts Podcast.
Big Technology Podcast:
OpenAI's Bots Break Containment and Hack Hugging Face Autonomously — With Alex Stamos
The Big Technology Podcast takes you behind the scenes in the tech world featuring interviews with plugged-in insiders and outside agitators.
Subscribe to Big Technology Podcast.
Great Chat:
Too big to laugh: how tech lost its sense of humor
A podcast mostly about tech. Brought to you weekly by Angela Du, Sally Shin, Mac Bohannon, Helen Min, and Ashley Mayer.
Subscribe to Great Chat.
Channels with Peter Kafka:
Substack Wants To Become A Social Network; Beehiiv Wants To Stay Invisible
Media and tech aren't just intersecting - they're fully intertwined. To understand how those worlds work, Peter Kafka talks to industry leaders, upstarts and observers.
Subscribe to Channels with Peter Kafka.
Training Data:
Factory's Matan Grinberg: The Coming 'Dark Factory' Where Software Builds Itself
Sequoia Capital partners host conversations with leading AI builders and researchers to develop a deeper understanding of the evolving technologies and their implications.
Subscribe to Training Data.
Tools and Weapons with Brad Smith:
Connecting the Unconnected: Doreen Bogdan-Martin
Microsoft Vice Chair and President Brad Smith speaks with leaders in government, business, and culture to explore the most critical challenges at the intersection of technology and society.
Subscribe to Tools and Weapons with Brad Smith.
 

About This Page

This is a Techmeme archive page. It shows how the site appeared at 9:50 AM ET, June 13, 2022.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

More News

Earlier Picks

Robert Burnson / Bloomberg: