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March 11, 2023, 5:45 PM
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WeSmirchTop News
| Frank Chaparro / The Block: |
Circle says $3.3B of its ~$40B USDC reserves remain at Silicon Valley Bank and that the crypto payments firm will follow state and federal regulators' guidance — - After being largely silent on Friday, Circle said it has $3.3 billion in exposure to Silicon Valley Bank …
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The Maker Forum, CoinDesk, Cointelegraph, The Block, Wu Blockchain, The Information, CryptoSlate, CNBC, The Daily Hodl, CoinGape, ZyCrypto, NewsBTC, Cryptopolitan, Cryptonews, Bitcoin News, Decrypt, Reuters, and Coinpedia Fintech News
Mastodon:
@jerry@infosec.exchange. Tweets:
@circle, @binance, @circle, @kobeissiletter, @unusual_whales, @wublockchain, @edzitron, @asvanevik, @pitdesi, @allnick, @mikeisaac, @michaeljordaan, @lexnfx, and @cryptowendyo
| Bloomberg: |
Coinbase and Binance temporarily suspend conversions of USDC into USD; USDC depegged and traded at ~$0.90 as investors reacted to Circle's SVB exposure — The second-largest stablecoin in crypto fell from its intended $1 peg on Saturday, trading as low as 81.5 cents, hurt by the exposure …
More:
Decrypt, CoinDesk, The Guardian, Wall Street Journal, Cointelegraph, CoinGape, Decrypt, Reuters, Cryptopolitan, NewsBTC, crypto.news, Cryptonews, Inside Bitcoins, Ethereum World News, Coinpedia Fintech News, Crowdfund Insider, and The Block
Tweets:
@coinbase, @coinbase, @matthew_d_green, @simonpb, @petergyang, and @edzitron
| New York Times: |
SBV collapse led to finger-pointing, as some crypto advocates preach and scold while some investors argue crypto collapses set the stage for SVB's collapse — The implosion of the Silicon Valley bank led to finger-pointing, as executives and investors jumped on the crisis for their own messaging.
More:
Insider. Mastodon:
@Jhorwitzz@mastodon.online, @stevetex@mastodon.social, @guacamayan@journa.host, and @ncweaver@thecooltable.wtf
Tweets:
@berkeleylaw, @carnage4life, @w3sobeefy, @moshaikhs, @hblodget, and @jossytweets
| Krisztian Sandor / CoinDesk: |
Circle's USDC has seen $1B in net redemptions since SVB's collapse and lost its $1 peg, after Circle said SVB is one of six banks managing USDC cash reserves — Stablecoin issuer Circle held an undisclosed amount of USDC's cash reserves at now-failed Silicon Valley Bank.
More:
Circle Blog, Bloomberg, The Block, TechCrunch, Cointelegraph, CryptoSlate, The Daily Hodl, Inside Bitcoins, Crypto Daily, Mashable, Forbes, Bitcoinist.com, Fortune, CryptoGlobe, Cryptopolitan, and CoinGape
Tweets:
@mariuscrypt0, @adamscochran, @smtuffy, @epro, @autismcapital, @0xfoobar, @northrocklp, @1markmoss, @silvermanjacob, @mikeburgersburg, and @alice_comfy
| Semafor: |
Sources: some hedge funds are offering to buy startups' deposits at SVB for 60 to 80 cents on the dollar; Filing: ~96% of deposits as of Dec. 31 were uninsured — Hedge funds are offering to buy startups' deposits stranded at Silicon Valley Bank for as little as 60 cents on the dollar …
More:
The Information, Reuters, Cooley, Bloomberg, Insider, and Daring Fireball
Mastodon:
@DataDrivenMD@fedified.com and @chockenberry@mastodon.social
| Sarah Perez / TechCrunch: |
Roblox and other companies disclose their exposure to SVB in SEC filings; Roblox says ~5% of its $3B cash and securities balance was at SVB as of February 28 — The fallout from the collapse of Silicon Valley Bank is impacting a range of startups and larger firms including …
More:
Insider, Fortune, The Information, BIG by Matt Stoller, and Philip Elmer‑DeWitt
Tweets:
@lcmichaelides, @carnage4life, @ericjackson, @noahpinion, @alistairmbarr, and @frances_coppola
| Thomas Seal / Bloomberg: |
More:
TechCrunch, Sky News, South China Morning Post, The Economic Times, and TechCrunch
Tweets:
@kprescott, @alexwickham, @joshmedia, @gramblings, @secretcfo, @benparr, @moving_charlie, @tw_seal, @matthfield, @lynnmdoan, @anothercohen, @israelipm, @mikegatto, @cornelialake, and @tw_seal
| Todd Spangler / Variety: |
More:
SEC.gov, CNBC, Insider, Bill, CNN, Engadget, Deadline, and The Economic Times
Tweets:
@mollypriddy, @tomgara, @adamblevine, @devincow, @xpangler, @mikeisaac, and @stephennellis
| TechCrunch: |
More:
NPR, New York Times, The Information, Bloomberg, Forbes, Washington Post, What's Hot in Enterprise IT/VC, GeekWire, CNBC, TechCrunch, Insider, CNBC, Politico, and U.S. Department …
Mastodon:
@DataDrivenMD@fedified.com. Tweets:
@davidsacks, @billackman, @ddisparte, @sumukhsridhara, @ericnewcomer, @fordm, @rokhanna, @garrytan, @jenn_elias, @jenn_elias, @buccocapital, @epsilontheory, @nikitabier, @silvermanjacob, @karaswisher, @clarajeffery, @nycsouthpaw, @aoc, @modestproposal1, @livefromvr, @paulg, @semaforben, @garrytan, @danprimack, @kateclarktweets, @rolfewinkler, @jasonfurman, @heidibraun, @lorenasgonzalez, @wolfejosh, @film_girl, @pt, @stanleyroberts, @amir, @karaswisher, @martinsfp, @karaswisher, @hblodget, @nils_gilman, @__aston__, @rolfewinkler, @howardlindzon, @kateclarktweets, @s_mikhailovich, @scott_wiener, @eliotwb, @katie_roof, @kateclarktweets, @jsrailton, @jsrailton, @alexweprin, @brianroemmele, @cpa_trendlines, @yoda, @nmasc_, @dominicmadori, @cullend, @alex, and @bayareawriter
| Lorenzo Franceschi-Bicchierai / TechCrunch: |
How the FBI proved that NetWire was a Remote Access Trojan and not a legitimate remote admin tool, leading to the seizure of the website selling the malware — On Thursday, the U.S. government announced that it had seized a website used to sell malware designed to spy on computers and cellphones.
More:
Krebs on Security and Department of Justice
Tweets:
@lorenzofb, @patrickwardle, and @malwarejake
| Gita Jackson / The Verge: |
Twitter is in decline and less stable under Elon Musk, echoing LiveJournal and Tumblr falling apart under new ownership that didn't understand their communities — Twitter is in a period of decline. The site still functions, people are still using it, but there's a familiar stink that lingers on the website.| Giovanni Colantonio / Digital Trends: |
After being prompted to create a Sudoku-like puzzle, ChatGPT “invented” a game called Sumplete that is nearly identical to at least one years-old mobile game — ChatGPT can add another job to its résumé: game developer. With just a few simple prompts from a user …
More:
Sumplete, Puzzled's Substack, Insider, and Gizmodo
Tweets:
@carnage4life, @tomchivers, @dannyrichman, @marcosbl, @psythor, @andrewmartonik, @marioprime, and @marioprime
| Darrell Etherington / TechCrunch: |
An interview with Gowalla co-founder and CEO Josh Williams as he re-launches his location-based social networking app at SXSW, 14 years after its debut — One of the original location-based social apps is relaunching at SXSW - 14 years after its debut — Gowalla co-founder and CEO Josh Williams …
Tweets:
@jw
| Marie Woolf / Globe and Mail: |
Meta says it plans to block Canadians' ability to view or share news content on Facebook and Instagram if the country's proposed Online News Act becomes law — Tech giant Meta has decided to block Canadians' ability to view or share news content on Facebook and Instagram …
More:
Reuters, PCMag, Techaeris, MobileSyrup, and Canadian Press
Tweets:
@yoda, @melissambarki, @justinhendrix, @awudrick, @mgeist, @kkomaitis, @robertfife, @jason_kint, and @nanaslugdiva
| Austin Weinstein / Bloomberg: |
Filing: investors and depositors tried to pull $42B from SVB on March 9; the bank had a $958M negative cash balance on March 9, per a taking possession order — Investors and depositors tried to pull $42 billion from Silicon Valley Bank on Thursday in one of the biggest US bank runs in more than a decade … | CNBC: |
More:
TechCrunch, The Lever, FDIC, NBC News, New York Times, Associated Press, Bank of England, Financial Times, The i Paper, The Wrap, Follow the Trend, CoinDesk, Coinpedia Fintech News, TechCrunch, ZeroHedge, Dr. Hans Substack, CNBC, Sifted, and Exit Fuel 🛢️
Mastodon:
@briankrebs@infosec.exchange. Tweets:
@circle, @davidmarcus, @parkerconrad, @grdecter, @repswalwell, @roshanpatei, @lulumeservey, @bhargreaves, @bhargreaves, @fdicgov, @cramertracker, @thestalwart, @tier10k, @davidsirota, @unusual_whales, @nikitabier, @mattturck, @balajis, @tier10k, @balajis, @balajis, @robblackwellab, @johnedeaton1, @davidsirota, @apatelthompson, @alistairmbarr, @oneunderscore__, @cz_binance, @zerohedge, @garrytan, @alexandrascaggs, @wallstcynic, @justinwolfers, @shaig, @xenollamas, @thetranscript_, @ellebeyoud, @alexrkonrad, @sama, @watcherguru, @brendanpedersen, @erikvoorhees, @bendwalsh, @eve6, @davidsirota, @davidfrum, @mollyjongfast, @jeffbercovici, @cryptadamist, @buccocapital, @nytimesbusiness, @unusual_whales, @autismcapital, @jeffjohnroberts, @jsrailton, @dancow, @twobitidiot, @danprimack, @tracyalloway, @espiers, @jasonzweigwsj, @katienotopoulos, @bondhack, @teroterotero, @bhargreaves, @zachweinberg, @alistairmbarr, @amir, @jessicalessin, @taylorlorenz, @brendanpedersen, @business, @modestproposal1, @mikeisaac, @cate_long, @karlbode, and @ericnewcomer
| Matt Levine / Bloomberg: |
More:
Monomythical, Reuters, Financial Times, Sifted, New York Times, CNN, Fortune, The Information, Insider, New York Post, Chartbook, Forbes, BBC, The Block, Associated Press, Financial Times, Vincent's Corner, Wall Street Journal, The Economist, CNBC, Vox, TechSpot, TechCabal, Inc42 Media, CoinGape, Noahpinion, Silicon Canals, Andrew's Substack, and Protos
Tweets:
@htaneja, @billackman, @garrytan, @altcap, @garrytan, @mcuban, @bobeunlimited, @samirkaji, @dicktofel, @nic__carter, @mcuban, @davidu, @flitteronfraud, @paulkrugman, @roybahat, @rauchg, @peterfenton, @jhweissmann, @mattyglesias, @tomaxwell, @kevinrose, @aoc, @carlquintanilla, @ditzkoff, @gaberivera, @autismcapital, @davidsirota, @thebenbergman, @sahilkapur, @anandwrites, @jbarro, @eisingerj, @jamestitcomb, @alex_kirshner, @northmantrader, @darrenpjones, @bobeunlimited, @matthewstoller, @thestalwart, @mattocko, @vinnylingham, @billackman, @jbarro, @the_real_fly, @thestalwart, @willjfang, @matthewstoller, @karaswisher, @momblogger, @kyliebytes, @jessefelder, @ronconway, @anandwrites, @jessicalessin, @fttechnews, @gilbertjasono, @flitteronfraud, @mtkonczal, @pitdesi, @pkafka, @mckonomy, @trengriffin, @menlobear, @amtvmedia, @drdenagrayson, @thestalwart, @dancow, @stilichoreads, @amazzara1, @moorehn, @gergelyorosz, @taylorlorenz, @alistairmbarr, @mattrosoff, @rakeshlobster, @mckonomy, @annmlipton, and @silviakillings
| Bill Toulas / BleepingComputer: |
Brazil is seizing shipments of Flipper Zero, a $169 portable security penetration testing tool for wireless devices, due to its alleged use in criminal activity — The Brazilian National Telecommunications Agency is seizing incoming Flipper Zero purchases due to its alleged use in criminal activity … Sponsor Posts
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