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December 5, 2022, 9:30 AM
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| Joshua Oliver / Financial Times: |
In an interview, SBF admits involvement in Alameda's largest uses of funds: spending $3B to buy out Binance's stake in FTX and pouring $4B into venture capital — Exchange's former CEO says he was close to key decisions at nominally separate trading firm — Speaking from his bed in Nassau …
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Wall Street Journal, Bloomberg, Decrypt, CryptoPotato, Wall Street Journal, Mailchimp, crypto.news, Inside Bitcoins, Axios, Bloomberg, Coinspeaker, Cointelegraph, The Block, Micky, Forkast, and CryptoGlobe
Tweets: @repmaxinewaters, @sbf_ftx, @autismcapital, @brian_armstrong, @billackman, @brian_armstrong, @autismcapital, @ivanthek, @bryvkin, @jbarro, @aosipovich, @warrendavidson, @adamsamson, @wclementeiii, @billackman, @tree_of_alpha, @interfluidity, @doombergt, @smdiehl, @bitfinexed, @chrismasterjohn, @birdyword, @doubleeph, @lilmoonlambo, @khalafroula, @kadhim, @twobitidiot, @wallstcynic, @alistairmilne, @theblock__, @smtuffy, @jbarro, @adamscochran, @ldrogen, @zerohedge, @tobi, @punk6529, @johnedeaton1, @adamscochran, @tomfitton, @iamdcinvestor, @mayazi, @twobitidiot, @byronyork, @danprimack, @basedkarbon, @coryklippsten, @intocryptoverse, @kadhim, @nntaleb, @brianstelter, @altcoindailyio, @doubleeph, @jimiuorio, @thedragonfeeder, @cgasparino, @sdatika1, @zerohedge, @caspiancey, @keubiko, @smtuffy, @mechmarkets, @antoniogm, @trungtphan, @ericbalchunas, and @nkulw
| Ankush Khardori / New York Magazine: |
Unlike Bernie Madoff, SBF has not confessed to any criminal conduct, arguing FTX's collapse was purely sloppiness, meaning a US prosecution could take some time — On December 11, 2008, Bernie Madoff was arrested and criminally charged with one of the biggest financial frauds in history … | Stephanie Murray / The Block: |
SBF says John Ray III is not working with him or responding to messages, claims Ray made false statements, and dodges questions on Alameda and loaning funds — - Sam Bankman-Fried is taking aim at John Ray, the new CEO of FTX, claiming he's been iced out after the firm filed for bankruptcy protection.
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The Block, Bloomberg, TheStreet, The Block on YouTube, crypto.news, and CoinGape
Tweets: @fintechintern, @jgreco, @fintechintern, @fintechfrank, @jchervinsky, @fintechintern, @du09btc, @philgomes, @caspiancey, @coinbureau, @josharnoldoh, @stephanie_murr, @alexisohanian, @senatorshoshana, @davidzmorris, @mylesudland, @mylesudland, @teanataylor, @altcoingordon, @crypto_crib_, @smtuffy, @smtuffy, @mdudas, @degenspartan, @timccopeland, and @smtuffy
| Simon Sharwood / The Register: |
Rackspace confirms a “security incident” impacted its hosted Microsoft Exchange services, leading to an “extended outage”; customers complain of poor support — Warns recovery could take several days and pledges better support after customer complaints
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DoublePulsar, Tech Monitor, Rackspace Email & …, DCD, InfoRiskToday.com, SecurityWeek, The Register, BleepingComputer, Search Engine Journal, iTnews, TechRadar, IT Management, Help Net Security, docs.rackspace.com, and DataBreaches.net
Tweets: @rackspace, @rackspace, @rackspace, @rackspace, @rackspace, @jwharris, and @rootsecdev
| Reuters: |
Source: Foxconn expects its Zhengzhou plant to resume full production in late December or early January, but plans may change; November revenue drops 11.4% YoY — Apple supplier Foxconn (2317.TW) expects its COVID-hit Zhengzhou plant in China to resume full production around late December to early January …
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9to5Mac, Wall Street Journal, AppleInsider, South China Morning Post, CNN, iPhone in Canada Blog, BGR, Bloomberg, Philip Elmer‑DeWitt, MacRumors, WRAL TechWire, CNBC, Nikkei Asia, Foxconn, Wccftech, The Information, Livemint, TechNode, and Livemint
Tweets: @peterhoskinstv and @sino_market
| Joe Rossignol / MacRumors: |
Kuo: mass shipments of Apple's AR/VR headset may be delayed until H2 2023, from previously estimated Q2 2023, due to “software-related issues” — Mass shipments of Apple's long-rumored AR/VR headset may be delayed until the second half of 2023 due to unspecified “software-related issues …
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9to5Mac, iDownloadBlog.com, Wareable, Neowin, XDA Developers, iPhone in Canada Blog, Digital Trends, BGR India, iMore, SiliconANGLE, iThinkDifferent, Wccftech, Philip Elmer‑DeWitt, Appuals.com, AppleInsider, GSMArena.com, and Cult of Mac
Tweets: @mingchikuo, @mingchikuo, @mingchikuo, @mingchikuo, @rsgnl, @carnage4life, @mingchikuo, @rjonesy, @scobleizer, and @rsgnl
| James Vincent / The Verge: |
Stack Overflow temporarily bans users from sharing responses generated by ChatGPT, pending a ruling in the future; most answers are wrong on closer inspection — Stack Overflow, the go-to question-and-answer site for coders and programmers, has temporarily banned users from sharing responses generated by AI chatbot ChatGPT.
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Meta Stack Overflow and Tao of Mac
| Tim Copeland / The Block: |
Orthogonal Trading defaults on eight loans to lending protocol Maple Finance totaling $36M, or ~30% of active loans on the protocol, likely due to FTX exposure — - Orthogonal Trading has defaulted on eight loans totalling $36 million on lending protocol Maple Finance.| Parikshit Mishra / CoinDesk: |
USDC stablecoin developer Circle ends its planned SPAC merger with Concord Acquisition Corp., announced in July 2021, by mutual agreement — The firm had announced plans to go public in July of 2021. — Circle, the company behind stablecoin USDC, has terminated its agreement …
More:
The Block, Circle, Financial Times, Fortune, Ethereum World News, and CoinGape
Tweets: @jerallaire, @jerallaire, @jerallaire, @jeffjohnroberts, @zackseward, and @thestalwart
| Dan Milmo / The Guardian: |
Survey of 8,000 young people in nine European countries finds 34% have pirated content, 27% reported trolling someone, 22% reported inciting violence, and more — EU-funded survey of people aged 16-19 finds one in four have trolled someone - while UK least ‘cyberdeviant’ of nine countries
Tweets: @dannyjpalmer, @rmcunliffe, @uel_news, @sarahchampionmp, @mattnavarra, @katebevan, and @_markmccormack
| Financial Times: |
Seeking to emulate BlackRock's Aladdin portfolio management system, State Street, Pimco, Amundi, and others are creating their own digital investment platforms — Companies including State Street and Pimco compete to capture slice of outsourced IT services| Lauren Goode / Wired: |
An interview with Max Levchin on Affirm, the US CFPB's inquiry into BNPL services, problems with credit cards, the current economic environment, and more — The PayPal cofounder on why his “buy now, pay later” company Affirm is a healthier way to borrow, what caused the techlash, and Elon Musk's Twitter.
Tweets: @laurengoode, @laurengoode, @laurengoode, @laurengoode, @laurengoode, @laurengoode, @wired, @usmanbk77, @tsimonite, @waltmossberg, and @mlevchin
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