Techmeme
June 13, 2022, 5:35 PM

Top News

Celsius:
DeFi lending platform Celsius pauses “all withdrawals, Swap, and transfers between accounts”, due to “extreme market conditions” and citing its Terms of Use  —  We are writing with a very important message for our community.  —  Due to extreme market conditions …
More: tether.to, TechCrunch, CoinDesk, VICE, CNBC, The Block, Bloomberg, Metaverse Post, The Register, Financial Times, Australian Financial Review, New York Times, Cointelegraph, Bitcoin Magazine PRO, American Banker, Bloomberg, stego crypto, Watcher Guru, Web3 Digest, CAP News, CoinJournal, Crunchbase News, The Logic, Reuters, crypto.news, The Guardian, Quartz, Myth of Money, The Daily Hodl, ExtremeTech, Politico, HotHardware.com News, Input, Axios, Coinpedia, CoinQuora, CryptoPotato, Cryptonews, Crypto's Newsletter, GamesTX, Bitcoinist.com, web3lunch, Fortune, Bitcoin Magazine, CryptoSlate, TechSpot, Insider, Defillama round-up🦙, Coinspeaker, Crowdfund Insider, CoinGeek, CryptoGlobe, Off to Lunch, Bitcoin News, Engadget, Heretic Speculator, The Economic Times, Blockworks, Cryptopolitan, Mashable, The Crypto Lobby, Crypto Briefing, Newslit Daily, Fast Company, Protos, and Blockchain News
Brandy Betz / CoinDesk:
Bloomberg:
Major cryptocurrencies crash as the crypto market cap falls below $1T: bitcoin drops 16%+ to ~$23K, ether drops 18%+ to ~$1.2K, and Solana drops 16%+ to ~$28  —  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 cryptocurrencies tumble, MicroStrategy, which owns 129K+ bitcoins, drops up to 28%; Coinbase, Riot Blockchain, and Marathon Digital each drop as far as 15%+  —  Cryptocurrency-related stocks plunged on Monday as Bitcoin tumbled to its lowest level in 18 months amid a deepening selloff …
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.
Sarah Lord / CNET:
Amazon plans to test drone deliveries in Lockeford, California, after receiving FAA approval to service the town, for products ordered through Amazon Prime Air  —  The service will be called Prime Air and will use drones with sense-and-avoid systems to deliver packages safely.  —  Sarah Lord
Tom Warren / The Verge:
Microsoft updates Teams to improve echo cancellation and room acoustics on calls using ML models, resulting in less clipping when callers interrupt each other  —  Your Teams calls should sound a lot better  —  Microsoft has spent the past two years adding flashy new productivity features to Teams …
New York Times:
Microsoft and the CWA union announce a deal that would make it easier for Activision Blizzard's ~7,000 US employees to unionize after the acquisition closes  —  The accord could ease the path for thousands of workers to unionize at the game company Microsoft is acquiring and addresses an antitrust objection.
Muyao Shen / Bloomberg:
A look at Ethereum staking service Lido Finance, which holds 4M+ ETH or 32% of the total staked, raising centralization-related security concerns about Eth2  —  A cryptocurrency project touted as helping to democratize the Ethereum blockchain is coming under criticism for potentially taking …
Molly White:
A skeptical look at whether crypto can offer self-sovereign identity services without 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 …

Sponsor Posts

Brightspot:
Is your CMS solving your content problems, or creating new ones?  —  In a commissioned study written and conducted by Forrester, we revealed that 72% plan to change their CMS platform, is your organization one of them?
Prelay:
How Public Tech Companies De-risk Millions in Revenue Loss  —  Complex products and hybrid teams are today's major growth challenges.  With 50-70% of revenue driven by internal teams beyond sales, how is your org adapting?
Zoho:
The ultimate guide to choosing the right rewards and recognition platform  —  According to a Deloitte survey, employee productivity, performance, and engagement are 14% higher in organizations that prioritize employee recognition programs.
Vesto:
The treasury management platform built for startups  —  Put your idle cash to work, earn higher yields, and extend your runway with Vesto.
Techmeme Ride Home:
(Portfolio Profile) Investor Update (And How To Do Them) With Rownd
The day's tech news, every day at 5pm ET. Fifteen minutes and you're up to date.
Subscribe via Apple Podcasts, Spotify, or RSS.
 

About This Page

This is a Techmeme archive page. It shows how the site appeared at 5:35 PM 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