🔥 FTX closes in on a deal to buy embattled crypto lender BlockFi for $25MM
Plus: Meta warns employees of 'serious times' in internal memo listing key product bets, How to save more lives and avoid a privacy apocalypse, and more…
Today’s pick
FTX closes in on a deal to buy embattled crypto lender BlockFi for $25 million in a fire sale. Crypto exchange FTX is close to finalizing a term sheet to buy BlockFi and a deal is expected to be signed by the end of this week, three sources familiar with the situation told CNBC. It comes after FTX provided a $250 million emergency line of… (Kate Rooney / CNBC)
Meta warns employees of 'serious times' in internal memo listing key product bets. Chris Cox — Employee FYI Every six months, we take stock of our product portfolio and investment plans across the company to assess how we are doing and chart the way forward. As a part of this, we evaluate which areas require the most new… (Mia Sato, Alex Health / The Verge)
How to save more lives and avoid a privacy apocalypse. At the moment, we have the worst of both worlds: researchers struggle to access data yet leaks are almost inevitable… (Tim Harford / Financial Times)
How did a rental startup I'd never heard of leak my home address?. I consider myself a fairly privacy-conscious person, going out of my way to evade online tracking and, for the most part, avoiding spam mail. But when I found myself staring at my home address on the website… (Zack Whittaker / TechCrunch)
As Silicon Valley fantasizes about Web3, India leaps ahead on payments. For more than a decade, Silicon Valley's moguls have been promoting Bitcoin and blockchain-based cryptocurrencies, claiming these will transform global commerce. Instead, Bitcoin long ago died as a digital currency, becoming nothing more than an… (Vivek Wadhwa / Fortune)
Thanks for reading to the bottom and soaking in our Newslit fuelled highlights for your morning.
I hope you found it interesting and, needless to say, if you have any questions or feedback let me know by hitting reply or on Twitter.
Take care and see you tomorrow!
P.S. Was this forwarded to you? Sign up here.
The best way to reach new readers is word of mouth. If you click THIS LINK in your inbox, it’ll create an easy-to-send pre-written email you can just fire off to some friends.