The 'Hollow Abstraction' of Web3
Plus: Tech Doesn't Have a Free Speech Problem - It Has a Know-It-All Problem, Period tracker Stardust surges following Roe reversal, but its privacy claims aren't airtight, and more…
The 'Hollow Abstraction' of Web3. I cannot stop watching videos of Web3 boosters failing to explain the usefulness of the technology. I realize this is petty, but the videos are deeply cathartic. I'm talking about two clips in particular, both of which were posted by Liron Shapira… (Charlie Warzel / The Atlantic)
Tech Doesn't Have a Free Speech Problem. It Has a Know-It-All Problem. Jesse Powell, the chief executive of the cryptocurrency exchange Kraken, this month released to its 3,200 employees a 31-page document that purported to describe the company's values. But based on the edited version later published online it… (Elizabeth Spiers / The New York Times)
Period tracker Stardust surges following Roe reversal, but its privacy claims aren't airtight. Period tracking app Stardust surged to the top of the U.S. Apple App Store in the wake of the Supreme Court's decision to overturn Roe v. Wade after the app promised it will encrypt its users' private data to keep it out of the hands of the… (Sarah Perez, Zack Whittaker / TechCrunch)
Google Hangouts is shutting down in November. After sunsetting Google Hangouts for Workspace users in February, Google's now beginning the process of migrating free, personal Hangouts users to Chat. In an announcement posted to its blog, Google says people who still use the Hangouts mobile app… (Emma Roth / The Verge)
One of the most prominent crypto hedge funds just defaulted on a $670 million loan. Prominent crypto hedge fund Three Arrows Capital has defaulted on a loan worth more than $670 million. Digital asset brokerage Voyager Digital issued a notice on Monday morning, stating that the fund failed to repay a loan of $350 million in the… (MacKenzie Sigalos via CNBC)
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