Techmeme
June 28, 2022, 11:35 AM

Top News

Charlie Warzel / The Atlantic:
a16z's Marc Andreessen and Packy McCormick failing to coherently explain web3 use cases demonstrate the hollowness of the space, often obscured by boosterism  —  I cannot stop watching crypto profiteers get owned. … I cannot stop watching videos of Web3 boosters failing to explain the usefulness of the technology.
Bloomberg:
After freezing withdrawals, crypto exchange CoinFlex plans to issue a Recovery Value USD token, offering 20% annual returns, seeking to repay a $47M debt  —  Cryptocurrency exchange CoinFlex plans to raise funds by issuing a new token that will offer a 20% annual return …
Olivia Snow / Wired:
How SCOTUS overturning Roe could be used to curb online freedoms and surveil vulnerable populations, as happened to sex workers following FOSTA/SESTA in 2018  —  FOSTA/SESTA—laws that deplatformed sex workers—helped build the gallows for overturning Roe v. Wade.
TechCrunch:
Emma Roth / The Verge:
Google says Hangouts will shut down in November as it begins prompting mobile Hangouts users to move to Chat  —  It'll start moving mobile Hangouts users to Chat today  —  After sunsetting Google Hangouts for Workspace users in February, Google's now beginning the process of migrating free, personal Hangouts users to Chat.
Jacquelyn Melinek / TechCrunch:
Sam Bankman-Fried says there are no active talks for FTX to acquire Robinhood; Robinhood says no acquisition can go through without the founders' approval  —  SBF praises Robinhood, hints at possible partnerships  —  Crypto exchange FTX is open to partnering with Robinhood Markets …
Kyle Wiggers / TechCrunch:
New York-based Gloat, an AI-powered internal jobs board, raised a $90M Series D led by Generation Investment Management, bringing its total funding to $192M  —  Gloat, an internal marketplace for corporate talent, today announced that it raised $90 million in a Series D round led …
Joey D'Urso / @josephmdurso:
[Thread] A look at the English Premier League soccer clubs' crypto sponsorships and fan tokens, most of which have tanked in value, exposing fans to big losses  —  🚨📉 Months of reporting in one place here. Almost every Premier League club has promoted unregulated cryptocurrencies to fans which have completely tanked in value, exposing fans to big losses. A club-by-club run down. https://theathletic.com/...

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Earlier Picks

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