3

Another week of job slashes and crypto crashes

 1 year ago
source link: https://finance.yahoo.com/news/another-week-job-slashes-crypto-081543407.html
Go to the source link to view the article. You can view the picture content, updated content and better typesetting reading experience. If the link is broken, please click the button below to view the snapshot at that time.

Another week of job slashes and crypto crashes

Greg Kumparak
Sat, May 14, 2022, 5:15 PM·4 min read

Hi friends!

Welcome back to Week In Review, the newsletter where we wrap up many of the top stories to cross TechCrunch's front page over the last seven days.

The big thing this week — at least based on what our backend suggests readers cared about most — was the crypto market plunging hard and fast. Bitcoin is down over 25% month-over-month, from around $41k per BTC to around $30k at the time I'm writing this. Ethereum is down over 30% in the same time frame — from around $3,100 per ETH to around $2,000.

Why? For that I defer to Lucas and Anita and their new podcast/newsletter Chain Reaction. Any time I write about cryptocurrency I tend to feel dumb and wrong within about 48 hours — fortunately, the Chain Reaction team has a much better grasp on this stuff than I do. This week they sat down with repeat-founder-turned-investor Kevin Rose, who says this is his "10th or so" crypto downturn, for some insights.

My goal with Week In Review is to keep you all feeling informed — to make it so that, when you click in at the end of a busy week, you can skim WiR and feel like you've got a pretty good sense of what happened in tech. So let's dive in!

other things

6a361b2350ca10f768a44be1be3e9915

Image Credits: Google

Besides a crypto crash, what else happened this week? Lots.

Google I/O happened!: Whether everyone's over buying a new phone every year or we're all just focused on the million other things going on right now, it felt like Google's annual conference/keynote just kinda... came and went. While Google kept a lot of the actual details under wraps, the big news out of the show was early glimpses of a new Pixel phone, a new "Pro" line of Pixel ear buds, and improvements to Google Maps, Assistant, and Translate. Oh, and Google's finally making their own smartwatch! Oh, oh, and they're still playing with the idea of Google Glass. I don't wear glasses (yet), but the live, real-world subtitles in this concept video would have me rocking a pair in a heartbeat.


About Joyk


Aggregate valuable and interesting links.
Joyk means Joy of geeK