|
March 13, 2023, 11:10 AM
|
Mediagazer
memeorandum
WeSmirchTop News
| U.S. Department of the Treasury: |
The US Treasury, Federal Reserve, and the FDIC say all Silicon Valley Bank depositors will be “fully” protected, and their money will be available on March 13 — WASHINGTON, DC — The following statement was released by Secretary of the Treasury Janet L. Yellen …
More:
Board of Governors …, The White House on YouTube, FDIC, Circle, CNN, Bloomberg, TechCrunch, DL News, Decrypt, Blockworks, Crunchbase News, Bloomberg, Wired, PYMNTS.com, The Hill, Bloomberg, NBC News, Axios, National Review, Protos, Inside Bitcoins, New York Post, Cryptopolitan, Wall Street Journal, CoinDesk, CNBC, #OONO, CryptoPotato, CryptoSlate, NewsBTC, Tech Startups, New York Times, CNBC, crypto.news, Coinspeaker, Wired UK, CNBC, Axios, DataBreachToday.com, Watcher Guru, HN Digest, THE LOGUE, Livemint, MediaNama, Fortune, Coinpedia Fintech News, Bloomberg, and SiliconANGLE
Mastodon:
@alex@cybervillains.com. Tweets:
@potus, @cz_binance, @bgarlinghouse, @jerallaire, @potus, @coinbase, @nicktimiraos, @samro, @danielagabor, @vcbrags, @federalreserve, @gbildson, @gavinsbaker, @neil_irwin, @litcapital, @bobeunlimited, @burryarchive, @jeuasommenulle, @octal, @federalreserve, @jasonfurman, @zck, @chrisjbakke, @jason, @fedguy12, @jimcramer, @danprimack, @elaifresh, @macroalf, @thestalwart, @billackman, @lloydblankfein, @gavinsbaker, @nycsouthpaw, @charliebilello, @salehamohsin, @dogetoshi, @wongmjane, @stephanie_murr, @jimcramer, @shortsightedcap, @anthonyrandazzo, @mekkaokerekebye, @jonatanpallesen, @tomfitton, @davidmwessel, @econguyrosie, @lpnational, @wendyedelberg, @isadwatson, @kaitlancollins, @kgreifeld, @stefeich, @atrupar, @peston, @thebenbergman, @robinbrooksiif, @salehamohsin, @atrupar, @senwarren, @whstancil, @firstadopter, @mcwm, @trungtphan, @noahpinion, @levie, @benedictevans, @jasonlk, @esaagar, @chiweethegod, @freezingfintake, @ivanthek, @donmoyn, @newtgingrich, @mattyglesias, @bgarlinghouse, @davidsacks, @petercontibrown, @thestalwart, @scottjshapiro, @sarthakgh, @joelpollak, @dylanleclair_, @davidsirota, @litcapital, @neoavatara, @fedguy12, @larryvc, @ramahluwalia, @tracyalloway, @jasonfurman, @mgsiegler, @mcuban, @levie, @paulmitchell_ab, @martinsfp, @mbensass, @jacobtamme, @devahaz, @m_c_klein, @ian_fraser, @lizrhoffman, @ericnewcomer, @brendanpedersen, @vermontgmg, @eugenewei, @chrisalbon, @callumj, @tculpan, @amlivemon, @karaswisher, @m_c_klein, @repsarajacobs, and @deanobeidallah
| Iain Withers / Reuters: |
HSBC plans to acquire Silicon Valley Bank UK for £1, citing “strategic sense for our business”; as of March 10, SVB UK had ~£5.5B loans and ~£6.7B deposits — HSBC (HSBA.L) said on Monday it is acquiring the UK subsidiary of Silicon Valley Bank for 1 pound.
More:
London Stock Exchange, Bank of England, Financial Times, GOV.UK, BBC, BBC, The Register, The Economic Times, The Guardian, The Guardian, TechCrunch, Bloomberg, LinkedIn, Cointelegraph, Forbes, The Information, Finbold, South China Morning Post, PYMNTS.com, Inside Bitcoins, crypto.news, Crowdfund Insider, CoinJournal, ComputerWeekly.com, Cryptopolitan, Off to Lunch, Bloomberg, CNBC, Axios, Politico, CNN, Coinpedia Fintech News, Associated Press, The Times, ABC News, Cryptonews, Micky, Coinspeaker, New York Times, CoinDesk, Tech Monitor, City A.M., DL News, Tech in Asia, gHacks Technology News, UKTN, and Dow Jones Newswires
Tweets:
@jeremy_hunt, @cetier1, @hmtreasury, @jamestitcomb, @nigel_farage, @wublockchain, @danielkorski, @justin_cash_1, @samgyimah, @loomdart, @daniburgz, @bondhack, @benedictcooney, @richardgrahamuk, @georgewparker, @checkwarner, @michelledonelan, @mjrobbins, @ibrahimsaninet, @bandrew, @georgewparker, @suzanneashman, and @lisaabramowicz1
| Sinead O'Sullivan / Financial Times: |
Having perfected the art of using hype to move markets, VCs managed to hype their own rumors to collapse SVB, accidentally slaying a much loved accomplice — After more than a decade of venture capitalists insisting they provide more than just cash to their portfolio companies, the moment to prove that finally arrived.
More:
Wall Street Journal, The Verge, Financial Times, Kotaku, and Wall Street Journal
Tweets:
@billackman, @davidsacks, @jason, @jason, @zck, @silvermanjacob, @billackman, @chimeracoder, @evanhill, @rachelensignwsj, @nic__carter, @davidsacks, @molly0xfff, @buccocapital, @thestalwart, @jason, @andrewrsorkin, @carlquintanilla, @repthomasmassie, @kylesgibson, @nglaros, @bigblackjacobin, @jason, @chafkin, @chafkin, @balajis, @thelincoln, @felixsalmon, @noahpinion, @jasondebolt, @mattbruenig, @nycsouthpaw, @smtuffy, @logophobe, @paul_bowers, @lalehkhalili, @maxkennerly, @bigblackjacobin, @pt, @vivekgramaswamy, @davidsacks, @antoniogm, @chrismohney, @leehepner, @davidsacks, @jspujji, @pwnallthethings, @verashokina, @dannypage, @danteatkins, @galois_capital, @ddayen, @mattbinder, @nickcho, @gritgrowthcap, @adamjohnsonnyc, @nicoleperlroth, @hoofnagle, @carnage4life, and @mclendaniel
| Michael Moritz / Financial Times: |
A eulogy for Silicon Valley Bank, a business partner to tech for 40 years, which offered services when established banks would not and was undone by its loyalty — Regardless of the reasons behind the bank's collapse, it leaves a huge hole for the start-up scene — The writer is a partner at Sequoia Capital
More:
Bloomberg, Monomythical, New York Times, and Philip Elmer‑DeWitt
| Ben Thompson / Stratechery: |
SVB bears responsibility for its demise, the outcome of disruption being tech's objective function, and the Silicon Valley myth could be the ultimate casualty — Banks are, at their core, facilitators: depositors lend their money to a bank, for which they are paid interest, and banks lend that money out, again for interest.
More:
TechCrunch, Slate, Financial Times, Yes, I give a FIG, Los Angeles Times, Robert Reich, ReadOn, and Rounding the Earth Newsletter
Mastodon:
@ampressman@journa.host. Tweets:
@thestalwart, @samesfandiari, @racecar_babytoy, @nowmediascott, @bzalasky, @neoavatara, @reubenr80027912, @dkthomp, and @jen_mcfadden
| CNBC: |
New York shuts down Signature Bank as US regulators cite a “systemic risk exception” like for SVB, announcing all of Signature's depositors will be “made whole” — U.S. regulators said Sunday it shut down New York-based Signature Bank, a second financial institution …
More:
FDIC, Department of Financial …, New York Times, Wall Street Journal, TechCrunch, Reuters, CBS News, Blockworks, Bloomberg, VentureBeat, Washington Post, Neowin, The Block, Gizmodo, Cointelegraph, Financial Times, CoinGape, The Guardian, Bitcoin News, Inside Bitcoins, MarketWatch, crypto.news, Coinspeaker, Apricitas Economics, The Verge, Crypto Daily, Livemint, Insider, SiliconANGLE, CoinJournal, All Facts Matter, and Watcher Guru
| MacKenzie Sigalos / CNBC: |
Signature closing means its real-time payment platform Signet can no longer serve crypto clients, a blow after SEN closed; BTC jumps ~7% and USDC regains peg — - Silvergate and Signature were the two main banks for crypto companies, while Silicon Valley Bank had a lot of crypto startups and VCs as customers.
More:
Wall Street Journal, Quartz, South China Morning Post, Coinspeaker, Beginning of Freedom, Grit Capital, Crypto Daily, Watcher Guru, CoinGape, Livemint, and Cointelegraph
Tweets:
@jacqmelinek and @amacker
| Bloomberg: |
The closure of SVB, Silvergate, Silvergate Exchange Network, and Signature adds stress to a troubled crypto industry; fiat conversion costs may rise by 20%-40% — The digital-asset market is coming off of a turbulent year featuring a number of high-profile blowups.
More:
Bloomberg, Cointelegraph, Livemint, and CoinDesk
Tweets:
@coinbase, @tracyalloway, @twobitidiot, @hsakatrades, @lyu_johnny, @mayazi, @timccopeland, @0xquit, and @kamikaz_eth
| The Verge: |
A Reddit user shows how Samsung's “Space Zoom” feature produces fake, generated images of the moon, highlighting how photography and “real photos” are changing — For years, Samsung “Space Zoom”-capable phones have been known for their ability to take incredibly detailed photos of the Moon.
More:
r/Android on Reddit, MacRumors, The Register, PhoneArena, BGR, Phandroid, and iThinkDifferent
Tweets:
@halidecamera, @raywongy, @raywongy, @samifathi_, @adrianhon, @uwukko, @j_bertolotti, @adrianhon, @halidecamera, @raphaelmilliere, @sdw, @chrislintott, and @somegadgetguy
| Vishal Chawla / The Block: |
Lending protocol Euler Finance lost $197M in a flash-loan attack, including $136M in stETH and $34M in USDC; Euler raised $32M in June 2022; EUL drops 45%+ — - Euler Finance was hit by a flash-loan attack that resulted in a loss of $197 million, according to security analysts.
More:
Decrypt, Cointelegraph, TechCrunch, SecurityWeek, Cryptonews, Bloomberg, Metacurity, Cryptopolitan, and Ethereum World News
| Fortesa Latifi / Teen Vogue: |
A YouTuber who went viral as a toddler says she resents her family for monetizing her childhood, as some influencer parents take their children off social media — “Nothing they do now is going to take back the years of work I had to put in.” — Search Claire's name online … | Dina Bass / Bloomberg: |
After Microsoft invested $1B in OpenAI in 2019, the company scrambled to string together tens of thousands of Nvidia A100 GPUs, costing several hundred million — When Microsoft Corp. invested $1 billion in OpenAI in 2019, it agreed to build a massive, cutting-edge supercomputer for the artificial intelligence research startup.Sponsor Posts
Tribe AI:
Build AI that works — Tribe builds tech for top AI companies. Get in touch to learn how our bench of 500+ engineers and researchers can accelerate your roadmap.
Build AI that works — Tribe builds tech for top AI companies. Get in touch to learn how our bench of 500+ engineers and researchers can accelerate your roadmap.
Prospect:
A running list of the best startups to join — We've analyzed thousands of startups using the same data VCs use and distilled our list down to the top 2%. Discover and join the next Stripe, Airbnb, or Coinbase today.
A running list of the best startups to join — We've analyzed thousands of startups using the same data VCs use and distilled our list down to the top 2%. Discover and join the next Stripe, Airbnb, or Coinbase today.
Zoho:
Zoho Payroll Q1 2024 feature updates — Hello everyone! It's been a great few months for all of us since 2024 began, and we are excited to present a brief summary of all the updates we've released in the product.
Zoho Payroll Q1 2024 feature updates — Hello everyone! It's been a great few months for all of us since 2024 began, and we are excited to present a brief summary of all the updates we've released in the product.
Techmeme Leaderboards:
Discover the top reporters on AI, VR, policy, and much more — We've analyzed Techmeme's news crawl to identify the most influential and prolific writers on 48 news topics. Download reports immediately for just $100.
Discover the top reporters on AI, VR, policy, and much more — We've analyzed Techmeme's news crawl to identify the most influential and prolific writers on 48 news topics. Download reports immediately for just $100.Who's Hiring In Tech?
The Kevin Rose Show:
Gavin Purcell & Kevin Pereira, The Future of AI (#55)
Gain unconventional wisdom and insights through conversations with top expert in AI, investing, wellness, technology, and culture.
Subscribe to the Kevin Rose Show!
Techmeme Ride Home:
Thu. 05/02 - TikTok Can Jam Again
The day's tech news, every day at 5pm ET. Fifteen minutes and you're up to date.
Subscribe via
Apple Podcasts,
Spotify, or
RSS.
About This Page
This is a Techmeme archive page. It shows how the site appeared at 11:10 AM ET, March 13, 2023.
The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.
From Mediagazer
New York Times:Clare Malone / New Yorker:
Sohee Kim / Bloomberg:
Upcoming Tech Events
Earlier Picks
| Financial Times: |
More:
Macworld, Tom's Guide, The Mac Observer, Wareable, MacDailyNews, iMore, Cult of Mac, BigTechWire, and Digital Trends
Tweets:
@andrewjscott and @jetscott