Techmeme
July 8, 2022, 10:50 AM

Top News

Washington Post:
Sources: Elon Musk's deal to buy Twitter is in serious jeopardy as his team concluded that spam account figures aren't verifiable using Twitter's data firehose  —  Talks with investors have cooled in recent weeks and Musk's camp believes it can't confirm Twitter's claims about spam accounts
Salvador Rodriguez / Wall Street Journal:
Twitter lays off 30% of its talent acquisition team, or fewer than 100 people, as the company faces increasing business pressures and Musk's potential takeover  —  Company faces increasing business pressures and potential takeover from Elon Musk  —  Twitter Inc. TWTR 1.52%▲ …
Jonathan Stempel / Reuters:
A former investment manager sues Celsius for fraud, saying the crypto lender ran a Ponzi scheme by using customer deposits to rig the price of its crypto token  —  A former investment manager at Celsius Network sued the crypto lender on Thursday, saying it used customer deposits to rig …
Sergiu Gatlan / BleepingComputer:
Microsoft rolls back blocking VBA macro scripts by default in Excel, PowerPoint, Access, Visio, and Word, “based on feedback” and “to make improvements”  —  While Microsoft announced earlier this year that it would block VBA macros on downloaded documents by default …
Immanual John Milton / Bloomberg:
Glassnode: Bitcoin blockchain activity has dropped 13% from November 2021 highs to early July 2022; balances at exchanges are down 20%+ from a January 20 peak  —  As the crypto winter deepens, only the staunchest Bitcoin investors are still holding onto their tokens — but not on the exchanges.
CNBC:
GameStop fires CFO Mike Recupero, who joined about a year ago, and is laying off staff across departments; a source says chairman Ryan Cohen pushed out Recupero  —  - GameStop has fired its Chief Financial Officer, Mike Recupero.  — It's making staff cuts across departments as part …
Nikhilesh De / CoinDesk:
The US Treasury Department publishes an international crypto regulation framework, the first publication coming from Biden's executive order on digital assets  —  The document is the first publication to result from U.S. President Joe Biden's executive order on digital assets.
Andrew Mendez / TechCrunch:
SpaceX debuts Starlink Maritime, a yacht-focused satellite internet service with speeds up to 350 Mbps, for $5K/month and a $10K one-time hardware fee  —  Having conquered orbit, SpaceX's next venue seems to be the high seas, through a special yacht-focused sub-brand of its satellite internet service called Starlink Maritime.

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Earlier Picks

New York Times:
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Cheyenne Ligon / CoinDesk: