Three Arrows Capital insolvency and the ripple effects
US markets this week (June 27 till July 1st)
General news
California lawmakers reach a tentative deal to send families $9.5 billion in inflation relief
VC fund returns nosedive as private market pessimism grows
Have Valuations Really Fallen Off A Cliff In 2022?
Zendesk has had a difficult time over the last several months. It turned down a $17 billion acquisition in February believing it was worth more. The drama concluded when Zendesk was acquired for $10.2 billion by a consortium of private equity firms, well below that original offer.
Crypto news
The FBI added OneCoin founder Ruja Ignatova aka ‘Crypto Queen,’ to the most wanted list after she scammed investors and disappeared after defrauding $4 billion in 2017.
More Hedge Funds Are Betting Against Tether as Crypto Melts Down
The collapse of Three Arrows Capital
3AC-related Projects and Ventures Capital “Ripple” Effect
Crypto hedge fund Three Arrows Capital plunges into liquidation
Voyager Digital Issues Default Notice to Three Arrows Capital
Genesis Faces ‘Hundreds of Millions’ in Losses as 3AC Exposure Swamps Crypto Lenders: Sources
Singapore Regulator Reprimands Three Arrows Capital for 'Providing False Information'
Celsius seeks show of client support as lawyers push for Chapter 11 bankruptcy
Crypto lender Nexo has issued a cease and desist letter in an effort to silence an anonymous Twitter account. The account, which styles itself in the third person as ‘Otter,’ published a series of tweets on June 26 claiming that Nexo’s co-founders had stolen funds from a charity. The tweets have generated thousands of likes and retweets.
North Korean Hackers Suspected to be Behind $100M Horizon Bridge Hack
80,000 Bitcoin millionaires wiped out in the great crypto crash of 2022
Indian Crypto Companies Migrate Amidst Unclear Regulations
Grayscale Investments, the world’s largest digital currency asset manager, Initiates Lawsuit Against the SEC
AI news
UK decides AI still cannot patent inventions
The U.K. is planning to tweak an existing law to allow text and data mining “for any purpose,” in a move that’s designed to boost artificial intelligence (AI) development across the country.
Brain-machine interface helped a man with paralysis feed himself using robotic arms
After Roe, fears mount about A.I.’s ability to identify those seeking abortions
Waymo, UPS, others pressure Gov. Newsom to allow autonomous trucking in California
Minerva, a language model capable of solving mathematical and scientific questions using step-by-step reasoning.
Privacy
Coinbase is selling Immigrations and Customs Enforcement (ICE) a suite of features used to track and identify cryptocurrency users
A Wednesday meeting secured a final deal on anti-money laundering legislation for crypto transfers and largely overturned a proposal from the EU Parliament to impose laundering checks on all payments to private wallets.
FBI: Stolen PII and deepfakes used to apply for remote tech jobs
Security
U.S. FCC Commissioner Asks Apple and Google to Remove TikTok from App Stores
Educational articles & videos
Mathematics: How to lie using visual proofs
Health: 4 Big Benefits of Eating Pistachios
Health: Walnuts Are the only Nut with Omega 3 Fats
Uganda’s gold discovery: What it could mean for crypto
Bitcoin Miners Likely Behind Crash Below $19K, Here’s Why
This newsletter is my collection of the most important latest news, educational articles, videos in Crypto, Blockchain, AI, Health, Lifestyle, Tech in general and funny memes. Nothing in this newsletter is a financial or health advice. This newsletter is for educational and entertainment purposes only.