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Showing posts from July 3, 2022

Elon Musk's offer to buy Twitter likely was a joke, since he previously pretended he would take Tesla private, but he may not be able to get out of the deal (Matt Levine/Bloomberg) https://ift.tt/y5m7ScT

Matt Levine / Bloomberg : Elon Musk's offer to buy Twitter likely was a joke, since he previously pretended he would take Tesla private, but he may not be able to get out of the deal   —  Programming note: Ugh, here we are again, huh?  —  Oh Elon  —  I think it is helpful to start with the big picture.

Tether says it liquidated a loan to Celsius without incurring any losses; the bitcoin-denominated loan to Celsius was overcollateralized about 130% (Osato Avan-Nomayo/The Block) https://ift.tt/5YD0AtO

Osato Avan-Nomayo / The Block : Tether says it liquidated a loan to Celsius without incurring any losses; the bitcoin-denominated loan to Celsius was overcollateralized about 130%   —  - Tether says a loan taken by struggling crypto firm Celsius has been liquidated and no losses were suffered.

Traba, a jobs board for workers to find shifts at fulfillment centers and event venues, has raised a $20M Series A led by Khosla at a $120M post-money valuation (Kyle Wiggers/TechCrunch) https://ift.tt/CwuLthF

Kyle Wiggers / TechCrunch : Traba, a jobs board for workers to find shifts at fulfillment centers and event venues, has raised a $20M Series A led by Khosla at a $120M post-money valuation   —  Traba, a jobs board designed to help entry-level workers find available shifts at fulfillment centers and event venues …

India's anti-money laundering agency seizes ~$59M in bank accounts, cash, and gold bars belonging to Chinese phone maker Vivo's local unit and related companies (Sankalp Phartiyal/Bloomberg) https://ift.tt/G0kBA5X

Sankalp Phartiyal / Bloomberg : India's anti-money laundering agency seizes ~$59M in bank accounts, cash, and gold bars belonging to Chinese phone maker Vivo's local unit and related companies   —  India's anti-money laundering agency said on Thursday it seized 4.65 billion rupees ($59 million) in bank accounts and cash …

A change to the proposed UK Online Safety Bill would stop platforms like YouTube and Facebook from taking down news content before letting the publisher appeal (Dan Milmo/The Guardian) https://ift.tt/pqauNd4

Dan Milmo / The Guardian : A change to the proposed UK Online Safety Bill would stop platforms like YouTube and Facebook from taking down news content before letting the publisher appeal   —  Change to online safety bill will stop sites such as YouTube barring content instantly, following TalkRadio debacle

Sam Bankman-Fried says he and FTX still have a "few billion" to save struggling crypto companies, but that the worst of the liquidity crunch has likely passed (Reuters) https://ift.tt/eWHALCo

Reuters : Sam Bankman-Fried says he and FTX still have a “few billion” to save struggling crypto companies, but that the worst of the liquidity crunch has likely passed   —  July 6 (Reuters) - Sam Bankman-Fried, head of one of the largest cryptocurrency exchanges, FTX, said he and his company still have a …

UK signs its first data sharing deal post-Brexit, with South Korea, allowing organizations in the two countries to transfer data without restrictions (Ingrid Lunden/TechCrunch) https://ift.tt/dtTI5WH

Ingrid Lunden / TechCrunch : UK signs its first data sharing deal post-Brexit, with South Korea, allowing organizations in the two countries to transfer data without restrictions   —  Six years on from the referendum where the United Kingdom voted to leave the EU, the country is announcing its first international data sharing deal …

Core Scientific, a top bitcoin miner responsible for nearly 10% of the network's hash rate, sold 7,202 mined BTC for $167M in June and now holds 1,959 BTC (David Pan/Bloomberg) https://ift.tt/JrYU3Bk

David Pan / Bloomberg : Core Scientific, a top bitcoin miner responsible for nearly 10% of the network's hash rate, sold 7,202 mined BTC for $167M in June and now holds 1,959 BTC   —  Core Scientific Inc., a top crypto miner, sold the bulk of its Bitcoin holdings in June as a steep drop in digital assets squeezes finances for even the leaders of the industry.

After demand for laptops and other gadgets surged during the pandemic, executives at Intel, Nvidia, Micron, and others suggest demand is weakening (Asa Fitch/Wall Street Journal) https://ift.tt/i617eOu

Asa Fitch / Wall Street Journal : After demand for laptops and other gadgets surged during the pandemic, executives at Intel, Nvidia, Micron, and others suggest demand is weakening   —  Intel and Nvidia are among the semiconductor makers warning of rockier times ahead after two years of surging demand

Crypto lender and exchange Vauld pauses withdrawals, trading, and deposits and says it's exploring a restructuring, after users withdrew $197.7M+ since June 12 (Manish Singh/TechCrunch) https://ift.tt/LR09Plj

Manish Singh / TechCrunch : Crypto lender and exchange Vauld pauses withdrawals, trading, and deposits and says it's exploring a restructuring, after users withdrew $197.7M+ since June 12   —  Vauld, a Singapore-headquartered crypto lending and exchange startup, has suspended withdrawals, trading and deposits …