Meta Will End Support for NFTs on Instagram, Facebook
Meta’s Stephane Kasriel said on Twitter the decision is prompted by a desire “to focus on other ways to support creators, people, and businesses.”
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Meta gives up on NFTs for Facebook and Instagram
Illustration by Nick Barclay / The Verge Meta is “winding down” its work with NFTs on Facebook and Instagram, Meta commerce and fintech lead Stephane Kasriel said in a Twitter thread on Monday. The decision means Meta will end its tests of minting and selling NFTs on Instagram as well as the ability to share … Read more
Switching from C++ to Rust
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USDC’s ‘Black Swan’ Depegging Could Have Been Avoided With Proper Regulatory Framework
Fissures among the progressive left are primarily responsible for the lack of U.S. regulatory progress around stablecoins, says John Rizzo, senior vice president for public affairs at Clyde Group.
This DeFi Protocol Just Got Hacked. Its Token Is Still Doing Better than a Major US Bank’s
Shares of Euler token fell 50% hours after an exploit on its protocol while First Republic shares fell roughly 62% following U.S. bank turmoil.
Sony wants to help low-vision users enjoy photography by shining lasers in their eyes
It’s like the eye-level finders of old medium format film cameras, but now for a compact digital camera — with lasers. | Image: Sony Giant frickin’ laser beams get all the buzz and sci-fi love, but it’s our little laser bros that are putting in the work: taking measurements, entertaining our cats, and now, in … Read more
The tech industry moved fast and broke its most prestigious bank
The Verge The fall of Silicon Valley Bank, explained Continue reading…
These parts could be the first leak of Apple’s mixed-reality headset
Image: Mr. White via 9to5Mac There’s a chance we just got a look at some cables and sensors for Apple’s upcoming and much-rumored virtual / augmented reality headset. Photos from MrWhite128, a protected Twitter account, which were reposted by MacRumors and 9to5Mac, appear to show ribbon cables that look like they’d fit perfectly in a … Read more
The tech bank collapse of 2023
Illustration: The Verge All of The Verge’s coverage, including the repercussions of SVB, all in one place Continue reading…
It’s Not Just Fraud That Chilled Crypto Regulation
While it’s easy to blame the recent shift in the regulatory mood regarding crypto markets on certain bad actors, the real roots lie beyond the crypto ecosystem, says Noelle Acheson.
FDIC Planning to Try Auctioning Silicon Valley Bank Again: WSJ
The designation of SVB’s failure as a potential systemic threat gives the FDIC more options to sell the bank.
DeFi Privacy Bridge Aztec Connect Sunsets After Less Than a Year
The backing Aztec Network is open sourcing the bridge and moving on to next-generation products.
Changes at YC
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Someone obtained a whole-ass Pixel 7A before Google could even announce it
The Pixel 7A has leaked. | Image: Zing News I can’t quite say it was inevitable, but — in some of the least surprising yet amusing tech news in the world — a Vietnam gadget enthusiast has managed to obtain a developer unit of the unannounced Pixel 7A smartphone. Seriously: we called the Pixel 4 … Read more
U.S. Fed’s Supervision Chief Investigating What Happened With Silicon Valley Bank
Michael Barr, the vice chairman responsible for bank supervision and regulation at the U.S. Federal Reserve, is examining how the regulated Silicon Valley Bank met with its rapid collapse last week.
Everything to read after HBO’s The Last of Us season 1 finale
Pedro Pascal in The Last of Us. | Image: HBO The first season of HBO’s The Last of Us is over — and there’s a lot to dig into. Between the show’s heavy themes, its long-controversial ending, the way it changed and adapted the game, as well as the games themselves, we’ve got plenty of … Read more
Podcasters made this combo XLR / USB-C jack exist
Rode has released an updated version of its NT1 large diaphragm condenser microphone, a standard in the company’s lineup and one of its first products debuting back in 1991. The microphone has mostly the same design that makes it a good choice for small budget vocal recordings, but this year’s model comes with a fun … Read more
Silicon Valley Bank and Signature Bank Reignite ‘Moral Hazard’ Dilemma Bitcoin Was Designed to End
A debate from the 2008 financial crisis resurfaces as the FDIC intervenes to help two troubled institutions with crypto connections, says CoinDesk’s David Z. Morris.
BlockTower Capital Funds Had Exposure to Silvergate, Signature Bank
Four funds with about $940 million in gross asset value had exposure to the custodians, as of May 2022.
Is This a Crypto Banking Bailout?
As the wreckage that started inside crypto banking threatens financial institutions beyond the sector’s border, the federal government is eager to make it clear that it’s not going to let it get out of hand. But is it a bailout?
Burning USDC and Minting DAI Prove to Be Popular On-Chain Activities Amid SVB Collapse
Circle’s USDC stablecoin had nearly $3 billion in net redemptions since Friday, while the total supply of DAI increased by 1.2 billion tokens over the same time period.
Binance GBP Funding On-/Off-Ramp to Be Suspended in May
The change will affect less than 1% of Binance customers, the exchange says.