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November 8, 2022, 4:25 PM
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WeSmirchTop News
| Changpeng Zhao / @cz_binance: |
Binance CEO Changpeng Zhao says the company signed a non-binding letter of intent to acquire FTX.com and help cover its liquidity crunch, pending due diligence — This afternoon, FTX asked for our help. There is a significant liquidity crunch. To protect users, we signed a non-binding LOI, intending to fully acquire https://t.co/BGtFlCmLXB and help cover the liquidity crunch. We will be conducting a full DD in the coming days.
More:
Decrypt, Bloomberg, Financial Times, New York Times, Semafor, CoinDesk, CoinDesk, The Block, Ed Zitron's Where's Your Ed At, TheStreet, Bloomberg, Crunchbase News, BetaKit, Barron's Online, TechCrunch, Forbes, VentureBeat, PYMNTS.com, Engadget, The Guardian, The Verge, Blockworks, Tech Monitor, SiliconANGLE, Finbold, Quartz, Wall Street Journal, Protocol, Crypto Briefing, Finextra, CryptoSlate, CryptoGlobe, The Economic Times, Dexerto, Fortune, TIME, NewsBTC, Ethereum World News, ZyCrypto, Cointelegraph, The Daily Hodl, Politico, TechCrunch, Coinpedia Fintech News, Protos, Crowdfund Insider, Bitcoinist.com, Crypto Daily, Forbes, Bitcoin Magazine, Fortune, Bitcoin News, Axios, Reuters, CNBC, CoinGape, Trustnodes, and CryptoPotato
Tweets: @sbf_ftx, @cz_binance, @shaanvp, @sbf_ftx, @ericnewcomer, @thestalwart, @wassielawyer, @fintwit_news, @danprimack, @sbf_ftx, @sbf_ftx, @arthur_0x, @lizrhoffman, @robinwigg, @ftx_official, @chrisfralic, @hsakatrades, @danprimack, @foldablehuman, @sbf_ftx, @tuurdemeester, @sbf_ftx, @robinwigg, @readdanwrite, @fintechfrank, @carnage4life, @rmfifthcircuit, @mike_taylor1972, @ncweaver, @smdiehl, @cryptohayes, @erickschonfeld, @hodlkryptonite, @algodtrading, @spreekaway, @marketsmeowmeow, @hodlkryptonite, @cobie, @cobie, @tier10k, @autismcapital, @stackhodler, @elliotrades, @asvanevik, @cryptoharry_, @bondhack, @coffeebreak_yt, @odell, @lex_node, @stoolpresidente, @matthewstoller, @bongcapital, @biancoresearch, @arpitrage, @matthewstoller, @peter_tl, @byzgeneral, @paul_griffiths, @shaanvp, @buccocapital, @cobie, @tomgara, @tracyalloway, @iamdcinvestor, @cryptodonalt, @tensaicapital, @cz_binance, @nope_its_lily, @219_eth, @jaypinho, @thinkingusd, @alistairmilne, @tylercowen, @claritytoast, @johnedeaton1, @lessin, @crypto_bitlord7, @nkulw, @mayazi, @adamscochran, @pitdesi, @cz_binance, @lizrhoffman, @ericnewcomer, @fiskantes, @jvillalobos, and @abetrade
| Angus Berwick / Reuters: |
In a message to staff, FTX CEO Sam Bankman-Fried says withdrawals on FTX.com are “effectively paused” after FTX saw $6B in net withdrawals in 72 hours — Crypto exchange FTX saw around $6 billion of withdrawals in the 72 hours before Tuesday morning, according to a message …
More:
VICE, The Block, The Information, SiliconANGLE, Cointelegraph, TechCrunch, Bloomberg, Bitcoinist.com, Crypto Daily, CNBC, and Cryptoinsight.pro
| Sam Reynolds / CoinDesk: |
FTX's FTT token drops below $5, down ~80% in the past 24 hours, as crypto investors fear possible contagion from the collapse of FTX-linked Alameda Research — The FTT price has declined nearly 14% over the past 24 hours, with Solana's SOL and Serum's SRM taking losses along with bigger cryptocurrencies like bitcoin and ether.
More:
BitDAO, TheStreet, Blockworks, The Block, Gizmodo, CoinDesk, Forbes, Cointelegraph, The Daily Hodl, Trustnodes, ZyCrypto, The Block, CoinDesk, and The Block
Tweets: @cz_binance, @carolinecapital, @benbybit, @starokg, @carolinecapital, @vetlelunde, @alex_valaitis, @milesdeutscher, @lookonchain, @cz_binance, @cryptomanran, @dogetoshi, @claritytoast, @wublockchain, @wublockchain, @sheldon_sniper, @garyblack00, @emperorbtc, @mikeburgersburg, @milesdeutscher, @thecryptolark, @fintechfrank, @inmortalcrypto, @algodtrading, @bull_bnb, @wizardofsoho, @kacjons, @cryptodonalt, @enjoyoor, @0xboccaccio, @cobie, @cumberlandsays, @mayazi, @cobie, @cobie, @teddycleps, @whale_alert, @coloradotravis, @fintechfrank, @alex, @wassielawyer, @bitbitcrypto, and @clara_medalie
| Matt Levine / Bloomberg: |
| Casey Newton / Platformer: |
Sources: Elon Musk pitched charging most or all Twitter users for a subscription; internal estimates show Blue could lose the company ~$6/user/month in the US — Will he go through with it? PLUS: Botched layoffs, how the new Blue could lose money, and more
More:
Compact Magazine, Insider, Mashable, Financial Times, Social Media Today, Techdirt, CNBC, The Algorithmic Bridge, Marques Brownlee on YouTube, MobileSyrup, TheGamer, Android Headlines, and Vox
Tweets: @caseynewton, @caseynewton, @nickstatt, @zoeschiffer, @shaun_vids, @ow, @clarajeffery, @theinnersunset, @jordanuhl, @joshtpm, @scalzi, @chronicleflask, @kevinriggle, @theashrb, @ashleylatke, @alexandraerin, @byajperez, @nberlat, @guslivesagain, @jrhennessy, @soledadobrien, @eliothiggins, @oo_ngi, and @greg_doucette
| Stephanie Bodoni / Bloomberg: |
The European Commission opens an in-depth investigation into Microsoft's proposed $69B Activision Blizzard acquisition and sets a March 23 decision deadline — Microsoft Corp.'s proposed $69 billion takeover of games developer Activision Blizzard Inc. faces an in-depth European Union probe …
More:
European Commission, Reuters, GamesIndustry.biz, The Information, Thurrott, Game Developer, Washington Post, Windows Central, Engadget, The Verge, Associated Press, Wall Street Journal, TechCrunch, Neowin, TheGamer, Game Rant, City A.M., Twinfinite, Dot Esports, FOSS Patents, Sports Business Journal, GameSpot, Tech Xplore, TrueAchievements, and OnMSFT.com
| Mark Gurman / Bloomberg: |
Sources: turnover has hindered Apple's search for a new head of product design, leaving few obvious candidates for a department still in Jony Ive's shadow — Turnover at Apple Inc. has hindered efforts to replace the head of product design, leaving a gaping hole at the helm of a prominent team that's …
More:
MacRumors, iPhone in Canada Blog, iThinkDifferent, AppleInsider, and 9to5Mac
| Financial Times: |
Analysis: corporate diplomacy in China let Apple evade the tech crackdown and profit more than local tech giants, but exposes the company to supply chain shocks — The most profitable tech company operating in China is not a homegrown internet giant such as Alibaba or Tencent, but California-based Apple.
More:
New York Times, Tom's Hardware, iPhone in Canada Blog, and 9to5Mac
Tweets: @kenroth, @nytimesbusiness, and @trippmickle
| Takashi Mochizuki / Bloomberg: |
Nintendo reports Q2 operating profit of ~$809M, up from ~$685M YoY, thanks to a weakened yen, and cuts its fiscal year Switch sales forecast by 10% to 19M — Nintendo Co. cut its fiscal-year forecast for Switch console sales by 10% to 19 million after reporting earnings in line with expectations.
More:
Nintendo Investor Relations, The Verge, IGN, MobileSyrup, TechRadar, Appuals.com, Thurrott, GameSpot, and Destructoid
Tweets: @6d6f636869, @6d6f636869, @6d6f636869, and @andresegers
| Jon Keegan / The Markup: |
A look at data brokers selling campaigns “comprehensive” profiles on potential voters, including phone geolocation data gleaned from real-time ad auctions — Before you got in line on Election Day, the emerging and largely unregulated political tracking industry was able to trace your movements| Ryan Mac / New York Times: |
As Twitter's problems mount, Elon Musk is tweeting 25+ times per day in November, up from ~13 times per day in April 2022 — The new owner of Twitter has embarked on a tweeting spree to push back, spar and justify his actions. — Ryan Mac, who is based in Los Angeles, writes about accountability in the technology industry.| Umar Shakir / The Verge: |
Zoom releases Mail and Calendar clients in beta as part of its Zoom One interface, announces an AI-powered Zoom Virtual Agent chatbot coming in 2023, and more — Available as a beta release, the Outlook-like Mail and Calendar will slot neatly into the company's new unified Zoom …
More:
Zoom Blog, PYMNTS.com, Thurrott, eWeek, Computerworld, Zoom Blog, Engadget, 9to5Mac, ZDNet, TechCrunch, and Bloomberg
| Andrew J. Hawkins / The Verge: |
Google and Renault announce plans to build a “software-defined vehicle” on Android Automotive; Renault picks Google Cloud as its “preferred cloud provider” — This “software-defined vehicle” will be built on Google's Android Automotive operating system and send data …
More:
Renault, ZDNet, SiliconANGLE, Observer, Gizchina, Bloomberg, 9to5Google, and T3
| Divya Balji / Bloomberg: |
Coinbase's stock closes down 10.78% and Robinhood Markets closes down 19.04% as the Binance-FTX deal spotlights the challenges facing the $1T crypto industry — Robinhood Markets Inc. tumbled by the most in more than a year after Binance Holdings Ltd. agreed to acquire Sam Bankman-Fried's …
More:
CoinDesk. Tweets: @brian_armstrong, @brian_armstrong, @brian_armstrong, @brian_armstrong, @brian_armstrong, and @brian_armstrong
| Steven Levy / Wired: |
Meta's Oversight Board after two years and nearly 2M appeals: $150M in funding through 2025, 28 rulings, and 119 recommendations, as it wins over some critics — Mark Zuckerberg set up the panel to investigate how his company handles controversial posts. Now its members want to transform how social platforms work.
Tweets: @stevenlevy, @codycombsnews, and @taniaglezaz
| Joseph Menn / Washington Post: |
An investigation shows TrustCor Systems, used by Chrome, Safari, and Firefox as a root certificate authority, has ties to US intelligence and law enforcement — TrustCor Systems vouches for the legitimacy of websites. But its physical address is a UPS Store in Toronto.| Jane Lanhee Lee / Reuters: |
Nvidia offers Chinese customers the A800 GPU, which the company says meets US export control rules, as an alternative to the A100 that the US banned for export — U.S. chip maker Nvidia Corp (NVDA.O) said on Monday it is offering a new advanced chip in China that meets recent export control rules aimed …
More:
Wall Street Journal, HotHardware, Fortune, Tom's Hardware, The Register, and ExtremeTech
Tweets: @byron_wan, @rnaudbertrand, and @philippilk
| Kollen Post / The Block: |
The SEC wins a lawsuit against decentralized publishing platform LBRY, saying its token is subject to regulatory oversight, in a blow to crypto token issuance — - A New Hampshire district court has ruled against decentralized publishing platform LBRY in a legal battle with the SEC.
More:
Coinpedia Fintech News and James Ledbetter's FIN
| Connie Loizos / TechCrunch: |
Q&A with outgoing Y Combinator President Geoff Ralston on his decision to leave the accelerator, its investing capital sources, the market slowdown, and more — Last week at Web Summit, we were asked to interview outgoing Y Combinator President Geoff Ralston about the past, present, and future of the popular accelerator program.Sponsor Posts
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