After suspending withdrawals on Friday, Babel Finance says it has reached “preliminary agreements” on repayments of “some debts”, helping ease its liquidity
- Babel Finance says it has reached “preliminary agreements” with major counterparties “on the repayment period of some debts.”
Bitcoin fell to under $18K on Saturday, below its $19,511 high during its 2017 bull cycle, as ether dropped below $1K; both are down 70%+ since November 2021
what this means Robert Reich / The Guardian : The Crypto Crash: all Ponzi schemes topple eventually Hudson Lockett / Financial Times : Celsius warns it will ‘take time’ to stabilise as bitcoin hovers ...
Apple employees at a store in Towson, Maryland vote 65-33 to unionize, making it the company's first US store where employees voted in favor of unionizing
I mean... download... to “Have a chance to ask leadership questions” about the “not yet certified” vote. We at #AppleTogether think this is great! Ever heard of the Streisand Effect? @applelaborers : ...
After pausing withdrawals last week, Celsius asks for more time to stabilize its liquidity and operations and halts Twitter Spaces and AMAs
It has been one week since we paused withdrawals, Swap, and transfers. We want our community to know that our objective continues to be stabilizing our liquidity and operations.
Sam Bankman-Fried says the Federal Reserve's decision to raise interest rates led to the current crypto crash, resulting in risk “recalibration” for investors
Cryptocurrencies are going through a spectacular crash and the head of one of the largest crypto exchanges …
Solend Labs, a “decentralized” borrowing and lending protocol on Solana, votes to take over an account that deposited 5.7M SOL, over 95% of the pool's deposits
Solend users voted to “grant emergency power to Solend Labs to temporarily take over the whale's account.”
NetEase delays the release of Diablo Immortal after the game's Weibo account shared a reference to Winnie the Pooh, a way to derisively refer to President Xi
Cartoon bear is often used to criticise President Xi Jinping and has been blacklisted by censors
Crypto broker Voyager secures a $485M loan from FTX CEO Sam Bankman-Fried's Alameda, including $200M credit and 15,000 bitcoins, worth around $285M
Crypto broker Voyager Digital Ltd said it secured loans from Alameda Research, the trading outfit from FTX founder Sam Bankman-Fried …
Telegram passes 700M MAUs and unveils Telegram Premium, which will let users follow up to 1,000 channels, send files up to 4GB, and more, for $5 to $6 per month
Telegram has amassed 700 million monthly active users and is rolling out a premium tier with additional features …
WhatsApp rolls out new privacy control settings to all users, giving them more control over who can see their Profile Photo, About, Last Seen, and Status
WhatsApp is rolling out new privacy control settings to provide users greater control over who can see their profile photo, “About,” “Last seen,” and WhatsApp Status.
Mark Zuckerberg demos multiple prototype VR headsets from Reality Labs, none of which will ship, as Meta continues working on VR and mixed reality devices
Meta's Reality Labs division has revealed new prototypes in its roadmap toward lightweight, hyper-realistic virtual reality graphics.
Solend Labs, a “decentralized” borrowing and lending protocol on Solana, overturns a controversial vote to commandeer a whale's account and regain ~5.7M SOL
- Solend has invalidated yesterday's controversial DAO decision to take over its largest user account.
Microsoft's Surface Duo 2 is a compelling dual-screen phone after at least nine software updates and a $500 price cut, but it works best as a secondary device
It's exceedingly rare that a product actually gets better months after it was released. But Microsoft's oft-forgotten Surface Duo 2 …
Interviews with members of Peter Thiel's inner circle describe how he came to the decision to leave Meta's board, a departure that was years in the making
Inside the billionaire investor's journey from Facebook board member to an architect of the new American right Tweets: @daweiner , @lizzadwoskin , @sorayamcdonald , @jeffjarvis , @halsinger , @ydanasm...
Chicago-based Elevate K-12, which helps school districts alleviate teacher shortages by virtually connecting teachers to classrooms, has raised a $40M Series C
Abel Rodriguez / Built In Chicago :
Despite rocketing inflation and a cratering crypto market, many Latin American traders still see crypto as a way to circumvent unstable or stagnant economies
The total value of all cryptocurrencies has gone down by roughly $2T, or two-thirds, since bitcoin hit its all-time high in November 2021
Wall Street Journal : Tweets: @mgsiegler , @hkanji , @imincorrigible , @nefrorantes , @paulvigna , @luciacholakian , @jason , and @briannawu Tweets: M.G. Siegler / @mgsiegler : Nice not-so-subtle Elo...
The US FAA says Verizon and AT&T agreed to delay some C-Band 5G usage until July 2023 as airlines retrofit some airplane radio altimeters to limit interference
Analysis: despite claiming to reject gun ads, Google accepted ads from 15 top US firearms sellers between March 9 and June 6, generating over 120M impressions
ProPublica is a nonprofit newsroom that investigates abuses of power. Sign up to receive our biggest stories as soon as they're published. Tweets: @craigsilverman , @craigsilverman , @craigsilverman ...
A look at the safety and economics of autonomous trucks as Aurora and TuSimple say they plan to have commercial-trucking services in the US by the end of 2023
India lifts its ban on Mastercard from issuing debit, credit, or prepaid cards after the company showed “satisfactory compliance” with local data storage rules
A profile of Chinese smartphone maker Realme; Counterpoint says it had a 16% marketshare in India, up from 11% in Q1 2021, behind Xiaomi's 23% and Samsung's 23%
Last year, when a global chip shortage forced many smartphone makers to delay launches, upstart Chinese brand Realme took a gambit in India. Tweets: @sankalp_sp and @neiltwitz Tweets: Sankalp Phartiya...
Tel Aviv-based Jit, which automates product security for developers, announces a $38.5M seed led by Boldstart Ventures and the launch of its free beta version
A jury finds ex-Amazon engineer Paige Thompson guilty of wire fraud and hacking charges for downloading the personal info of 100M+ Capital One customers in 2019
JD.com reports revenue from its June 18 shopping festival rose 10.3% to $56.6B, the slowest growth since 2017, as China's lockdowns dampen consumer demand
Wall Street Journal :
Postscript, which helps Shopify merchants reach their customers via SMS, raised a $65M Series C led by 01 Advisors and says it now works with 8K+ Shopify brands
Sources: Sequoia India, hit by governance scandals at startups in its portfolio, faces fresh challenges including a defamation suit by a former general counsel
Sources: ByteDance shuts down its Shanghai game development studio, denting its games ambitions after failing to make a splash in the $44B Chinese gaming market
Shopify's new AI commerce stack
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Protecting your Cloud Applications Data
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