Techmeme
June 19, 2022, 4:10 PM

Top News

Bloomberg:
Bitcoin fell to under $18K on Saturday, below its $19,511 high during its 2017 bull cycle, as ether dropped below $1K; both are down 70%+ since November 2021  —  Bitcoin plunged through several closely watched price levels to the lowest since late 2020 as evidence of deepening stress within …
More: Babel Finance, The Guardian, Attack of the 50 Foot …, MarketWatch, Moneycontrol, The Markup, Decrypt, CNET, New York Times, Wall Street Journal, The Daily Hodl, Financial Times, Reuters, TechCrunch, Mashable, Ethereum World News, The Crypto Connection, Vanity Fair, The Block, CNBC, crypto.news, CNBC, CoinMarketCap Alexandria, TheStreet, Forbes, Cryptopolitan, CoinDesk, The Independent, CryptoGlobe, Cryptonews, Decrypt, Cointelegraph, Inside Bitcoins, and CryptoSlate
Wall Street Journal:
Roughly $2T of cryptocurrency value, or more than two-thirds of all the crypto that existed, has been erased since bitcoin hit an all-time high in November 2021  —  The cryptocurrency industry was built on swagger, enthusiasm and optimism.  All three are in short supply these days, as losses and layoffs mount.
Rest of World:
Despite rocketing inflation and a cratering crypto market, many Latin American traders still see crypto as a way to circumvent unstable or stagnant economies  —  Caught between rocketing inflation and a cratering crypto market, many stick with Bitcoin.  —  • MEXICO CITY, MEXICO
New York Times:
Apple employees at a store in Towson, Maryland vote 65-33 to unionize, making it the company's first US store where employees voted in favor of unionization  —  Roughly two-thirds of employees at the store in Towson, Md., voted to join the union.  — Give this article- - - Read in app
Kishan Vyas / XDA Developers:
WhatsApp widely rolls out new privacy control settings to give users more control over who can see their Profile Photo, About, Last Seen, and Status  —  WhatsApp is rolling out new privacy control settings to provide users greater control over who can see their profile photo, “About,” “Last seen,” and WhatsApp Status.
Emily Baker-White / BuzzFeed News:
Leaked audio from 80+ internal TikTok meetings: ByteDance staff in China repeatedly accessed data about US TikTok users between September 2021 and January 2022  —  For years, TikTok has responded to data privacy concerns by promising that information gathered about users in the United States …
Aisha Malik / TechCrunch:
Meta unveils Avatars Store, where users can buy digital clothes for avatars, and plans to make it a marketplace where developers can create and sell clothing  —  Meta CEO Mark Zuckerberg announced today that the company is launching a digital designer clothing store called the “Meta Avatars Store.”
David Shepardson / Reuters:
The US FAA says Verizon and AT&T have voluntarily agreed to delay some C-Band 5G usage until July 2023 as airlines retrofit some airplane radio altimeters  —  The Federal Aviation Administration said Friday that Verizon Communications (VZ.N) and AT&T (T.N) have voluntarily agreed to delay …
Mary Ann Azevedo / TechCrunch:
Brex says it will no longer work with SMBs that do not have venture funding and will shut down “tens of thousands” of accounts after August 15  —  Three months after announcing it would make a big push into software and enterprise, fintech giant Brex is apparently abandoning …
Manish Singh / TechCrunch:
India lifts ban on Mastercard from issuing new debit, credit, or prepaid cards after it demonstrated “satisfactory compliance” with the local data storage rules  —  India has lifted business restrictions on Mastercard, nearly a year after imposing the ban, once again allowing …
Kate Conger / New York Times:
A jury finds ex-Amazon engineer Paige Thompson guilty of wire fraud and hacking charges for downloading the personal info of 100M+ Capital One customers in 2019  —  Paige Thompson's lawyers said she had been looking for cracks so they could be fixed.  A jury found her guilty of wire fraud and hacking charges.

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