Techmeme
June 28, 2022, 1:15 PM

Top News

Charlie Warzel / The Atlantic:
a16z's Marc Andreessen and Packy McCormick failing to coherently explain Web3 use cases demonstrates 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 up to 47M Recovery Value USD tokens, offering a 20% annual return, to repay a $47M debt  —  Cryptocurrency exchange CoinFlex plans to raise funds by issuing a new token that will offer a 20% annual return …
Emma Roth / The Verge:
Google says Hangouts will shut down in November as the Hangouts app begins prompting 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.
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:
Mike Butcher / TechCrunch:
A look at Plural, a €250M early-stage fund led by Wise co-founder Taavet Hinrikus, Teleport co-founder Sten Tamkivi, Songkick co-founder Ian Hogarth, and others  —  Until recently Taavet Hinrikus, cofounder of Wise, and Sten Tamkivi, cofounder of Teleport, had banded together as a sort of ‘mini Angel brand’ known as “Taavet+Sten”.
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 …

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Joey D'Urso / @josephmdurso:
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Earlier Picks

Ashley Gold / Axios:
Allison Johnson / The Verge:
Annie Palmer / CNBC:
Andrew Rummer / The Block: