Techmeme
June 20, 2022, 9:20 AM

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 …
Celsius Blog:
After pausing withdrawals last week, Celsius asks for more time to stabilize its liquidity and operations and halts Twitter Spaces and AMAs  —  It has been one week since we paused withdrawals, Swap, and transfers.  We want our community to know that our objective continues to be stabilizing our liquidity and operations.
Rest of World:
Manish Singh / TechCrunch:
Telegram passes 700M MAUs and unveils Telegram Premium, which will let users follow up to 1,000 channels, send files up to 4GB, and more, for $5 to $6 per month  —  Telegram has amassed 700 million monthly active users and is rolling out a premium tier with additional features …
David Gura / NPR:
Sam Bankman-Fried says the Federal Reserve's decision to raise interest rates led to the current crypto crash, resulting in risk “recalibration” for investors  —  Cryptocurrencies are going through a spectacular crash and the head of one of the largest crypto exchanges …
Emily Nicolle / Bloomberg:
Crypto broker Voyager secures a $485M loan from FTX CEO Sam Bankman-Fried's Alameda, including $200M credit and 15,000 bitcoins, worth around $285M  —  Crypto broker Voyager Digital Ltd said it secured loans from Alameda Research, the trading outfit from FTX founder Sam Bankman-Fried …
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 unionizing  —  Roughly two-thirds of employees at the store in Towson, Md., voted to join the union.  — Give this article- - - Read in app
Elizabeth Dwoskin / Washington Post:
Interviews with members of Peter Thiel's inner circle describe how he came to the decision to leave Meta's board, a departure that was years in the making  —  Inside the billionaire investor's journey from Facebook board member to an architect of the new American right
Danny Nelson / CoinDesk:
Solend Labs, a “decentralized” borrowing and lending protocol on Solana, votes to take over an account that deposited 5.7M SOL, over 95% of the pool's deposits  —  Solend users voted to “grant emergency power to Solend Labs to temporarily take over the whale's account.”
Kishan Vyas / XDA Developers:
WhatsApp rolls out new privacy control settings to all users, giving them 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.
Christopher Mims / Wall Street Journal:
A look at the safety and economics of autonomous trucks as Aurora and TuSimple say they plan to have commercial-trucking services in the US by the end of 2023  —  Autonomous trucks that mostly stick to highways could make sense, both technologically and economically, in ways robotaxis have not.

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More News

Dan Seifert / The Verge:
Manish Singh / TechCrunch:

Earlier Picks

David Shepardson / Reuters:
Kate Conger / New York Times: