Another brutal week for crypto and crypto companies – Meczyki.Net

Greetings! Welcome to Week in Review, the newsletter where we recap the most read stories from across Meczyki.Net last week. Our goal: If you have a few busy days, you should be able to click on it on Saturday, give it a skim, and still have a pretty good idea of ​​what happened this week.

I’ll be AFK for the next two newsletters, with the excellent Henry Pickwaite subbing for me while I’m gone. Henry is one of the nicest humans I know – so be nice!

most Read This week’s story was, unfortunately, one of layoffs — specifically, layoffs at Coinbase. The crypto exchange announced on Tuesday that it would be laying off 18% of its workforce, with CEO Brian Armstrong saying the company “grew very rapidly” over the past year and a half.

other stuff

Caesar is broken: Oops. An employee’s email account was hacked, potentially exposing nearly 70,000 patient records. In notices sent to affected patients, Kaiser says that “potentially exposed” data included names, dates of service, and lab test results.

more layoffs: Coinbase wasn’t the only company to disclose layoffs this week. Real estate tech companies Redfin and Compass both confirmed about 450 staff cuts, while Canadian fintech Wealthsimple laid off about 160 employees.

Spotify buys voice-simulation companyIn 2014, Val Kilmer had a tracheotomy to treat throat cancer. For his role in the recently released “Top Gun: Maverick,” London-based startup Sonatic was asked to recreate Kilmer’s voice with AI. This week, Spotify announced it was acquiring Sonantic. Why? They’re not getting too specific, but it’s not too hard to think that Spotify could use realistic-yet-fake sounds—think indie audiobooks or auto-generated podcast ads.

Elon sues Dogecoin: Is it Elon’s fault that Dogecoin – a cryptocurrency that started out as a joke – massively surged in value and then exploded? A class action lawsuit filed in Manhattan this week claims that Musk “used his posture as the world’s richest man to operate and manipulate the Dogecoin pyramid scheme for profit, risk and entertainment” and that $ 258 billion in damages sought.

spacex letter: On Wednesday of this week, SpaceX employees published an “open letter” to the company’s internal chat system saying that “Elon’s behavior in the public sphere is a frequent source of distraction and embarrassment” and to SpaceX ” To separate oneself swiftly and clearly”. Elon’s personal brand.” As of Friday morning, at least one of the employees involved in the letter had been terminated, with SpaceX President Gwynne Shotwell calling it “hyperactivity.”

audio material

Did work say it’s time to go back to the office? Need something to listen to on the go? Ever wonder how your favorite author feels? Good News! We have podcasts. A whole bunch of them, actually. (Fun fact: Given that we’re spread out all over the world, many of us talk to each other more on podcasts than in real life.)

This week Lucas and Anita spoke with the unmatched Aaron Levy (CEO of Box) about their thoughts on Web3 – specifically, why it won’t work. Check it out on chain reaction.

added stuff

Want even more Meczyki.Net? Visit the aptly named Meczyki.Net+, where we get to delve a little deeper into the topics our customers tell us they care about. Some of the good things this week include:

Which visa is best for bootstrapping a startup?: Immigration attorney Sophie Alcorn is back with another edition of the “Dear Sophie” advice column, this time helping a German founder figure out the right way to navigate bootstrapping a startup in the US.

Brex exits the SMB market. what next?: Brex announced this week that it was exiting the massive small to medium-sized business market, with plans to cut services for its smaller clients come August 15. Alex and Mary Ann take a look at what this could mean for the market — and Brex’s competitors.

What is the catalyst behind the crypto crash?: Cryptocurrency prices continued to fall this week. Why? In this week’s edition of The Exchange, Alex gives an overview of some of the biggest “issues that are currently tripping the Web3 market.”