Techmeme
July 15, 2022, 5:50 PM

Top News

Kadhim Shubber / Financial Times:
In a court filing, CEO Alex Mashinsky said Celsius was owed $439M by a “private lending platform”, which sources say is specialist finance company EquitiesFirst  —  Specialist finance group owes $439mn to digital assets lender  —  A mysterious debtor to Celsius Network referenced …
Bloomberg:
Celsius' Chapter 11 filing shows that its biggest creditor, to which it owes $81.1M, is obscure fund Pharos, which has staff with links to Sam Bankman-Fried  —  Among the more than 100,000 creditors of Celsius Network Ltd., the crypto lender that filed for bankruptcy on Wednesday, one entity stands out: Pharos USD Fund SP.
Yueqi Yang / Bloomberg:
Jon Brodkin / Ars Technica:
FCC Chair Jessica Rosenworcel proposes a US broadband standard of 100Mbps down and 20Mbps up; the proposal requires a vote in the currently deadlocked FCC  —  Pai FCC said 25Mbps down and 3Mbps up was enough—Rosenworcel proposes 100/20Mbps.  —  Federal Communications Commission Chairwoman …
Dan Goodin / Ars Technica:
Chainalysis: the 30-day moving average of crypto sent to mixers hit a record $51.8M in April 2022, as funds from sanctioned and criminal groups almost doubled  —  Despite a significant Achilles' heel, mixers are seeing unprecedented demand.  —  The amount of cryptocurrency flowing …
Dana Mattioli / Wall Street Journal:
Sources: Amazon has reduced its white label product selection and considered exiting the business altogether, amid weak sales and mounting regulatory pressure  —  Executives also have discussed exiting the business entirely to address regulatory pressure  —  Amazon.com Inc. AMZN 0.21%▲ …
Christine Hall / TechCrunch:
Sydney-based Okendo, which offers e-commerce brands customer review tools, raised a $26M Series A led by Base10 Partners, bringing its total funding to $33.5M  —  No merchant likes a bad customer review and Okendo, a customer marketing platform, announced $26 million in Series A funding today …
CoinDesk:
How Voyager Digital, which generated interest on deposits by loaning crypto assets, collapsed after one of its largest borrowers Three Arrows Capital defaulted  —  In an industry where counterparties are tightly bound together by a weave of debt and leverage, dominoes can fall fast and hard.
Andrew Tarantola / Engadget:
Meta is letting some AI artists test Make-A-Scene, an AI research project that generates art by combining text-to-image generation and hand-drawn sketch inputs  —  Text-to-image generation is the hot algorithmic process right now, with OpenAI's Craiyon (formerly DALL-E mini) …
Brian Steinberg / Variety:
Disney plans to raise ESPN+'s monthly subscription from $6.99 to $9.99 and its annual price from $69.99 to $99.99, 43% increases, starting on August 23, 2022  —  The Disney-backed streaming-video sports service intends to raise its monthly subscription fee by $3 a month …

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