Techmeme
June 13, 2022, 10:05 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, CoinDesk, Wall Street Journal, Gizmodo, Engadget, CNBC, The Economic Times, Blockworks, The Guardian, The Block, The Verge, TheStreet, Decrypt, Crypto Briefing, Fast Company, Cointelegraph, Reuters, Defillama round-up🦙, The Crypto Lobby, Cryptopolitan, Bitcoinist.com, Fortune, Crowdfund Insider, Coinspeaker, CryptoSlate, Coinpedia, Off to Lunch, Insider, Blockchain News, CoinJournal, Cryptonews, CoinGape, Crypto Adventure, Meer of Mynder, CryptoPotato, TechCrunch, Bloomberg, TechSpot, Protos, CryptoGlobe, Tech in Asia, Ethereum World News, QTR's Fringe Finance, blog.celsius.network, Micky, and Web3 is going just great
Bloomberg:
Major cryptocurrencies are crashing: bitcoin drops by 10%+ to below ~$24K, ether drops by 15%+ to ~$1.2K, Avalanche drops 15%+, and Solana drops 15%+  —  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 25%, while Coinbase, Riot Blockchain, and Marathon Digital each drop 10%+  —  Cryptocurrency-related stocks plunged on Monday as Bitcoin tumbled to its lowest level in 18 months amid a deepening selloff in risk assets …
Brandy Betz / CoinDesk:
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.
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.
Robert Burnson / Bloomberg:
Google agrees to pay $118M to settle a gender pay discrimination lawsuit with about 15,500 female employees, according to the law firms representing the women  —  Alphabet Inc.'s Google agreed to pay $118 million to settle a gender discrimination lawsuit with about 15,500 female employees …

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Earlier Picks

AnnaMaria Andriotis / Wall Street Journal:
Ben Schoon / 9to5Google:
Matthew Green / A Few Thoughts on Cryptographic Engineering: