Techmeme
December 12, 2022, 12:05 PM

Top News

Reuters:
Sources: US prosecutors are split on charging Binance and its executives over possible money laundering and sanctions violations and have discussed a plea deal  —  Splits between U.S. Department of Justice prosecutors are delaying the conclusion of a long-running criminal investigation …
Jonathan Weil / Wall Street Journal:
Mazars' recent Binance “proof of reserve” report only covers a small set of financial data, raising fresh questions about Binance's ability to meet obligations  —  Crypto exchange has begun releasing data to shore up confidence following collapse of FTX  —  Crypto's Crash Has Been Swift but Largely Self-Contained.
André Beganski / Decrypt:
Binance CEO Changpeng Zhao acknowledges temporarily suspending accounts over “abnormal” altcoin trading, following a spat with a high-profile crypto trader  —  The company says the observed activity had nothing to do with compromised accounts or leaked API keys.
Bloomberg:
Microsoft acquires a 4% stake in the London Stock Exchange, valued at around £1.6B, as part of a 10-year agreement for data and cloud infrastructure  —  Microsoft Corp. agreed to buy a 4% stake in London Stock Exchange Group Plc in a $2.8 billion cloud-computing deal that pushes big tech further into financial markets.
Jordan Middler / Video Games Chronicle:
Microsoft Gaming CEO Phil Spencer says Sony opposes the Activision Blizzard acquisition to “protect its dominance” and grows by “making Xbox smaller”  —  In the latest war of words over its proposed acquisition of Activision Blizzard, Microsoft's Gaming CEO has claimed …
Adam Serwer / The Atlantic:
How conservatives redefined free speech in the social media era, using the First Amendment to claim a “Right to Post” on platforms run by private companies  —  Early December might have marked the first time anyone ever asserted a First Amendment right to see the president's son's penis …
Song Jung-a / Financial Times:
South Korean prosecutors believe Do Kwon, who founded the collapsed TerraUSD and LUNA tokens, is hiding in Serbia, traveling via Dubai from Singapore in October  —  Prosecutors seek co-operation with Belgrade as search intensifies for Terraform chief  —  South Korean prosecutors believe that Do Kwon …
Yuvraj Malik / Reuters:
Enterprise spending management software maker Coupa agrees to be acquired by PE firm Thoma Bravo for $8B in cash, a 77.2% premium on when the news was reported  —  Coupa Software Inc (COUP.O) said on Monday it will sell itself to private equity major Thoma Bravo for $6.15 billion in cash …
Wall Street Journal:
A look at the role of SBF's parents Joseph Bankman and Barbara Fried in FTX's rise; the Stanford Law professors have been in the Bahamas since FTX's collapse  —  Joseph Bankman and Barbara Fried, both professors at Stanford Law, have remained in the Bahamas with their son since his firm's collapse
Krisztian Sandor / CoinDesk:
A look at what went wrong at decentralized lending protocol Maple Finance, as $54M in loans, or 66% of its lending pools, turn bad and what could happen next  —  Maple Finance, the largest unsecured crypto lending platform, is grappling with a debt crisis while gearing up for a major system upgrade.
Jules Wang / Android Police:
Xiaomi announces the ~$575 Xiaomi 13 and ~$720 Xiaomi 13 Pro, adding a Snapdragon 8 Gen 2 chipset, available in China, and the Watch S2, Buds 4, and more  —  When it comes to cameras, Leica's all about the focal lengths … Xiaomi has become a perennial player in the Qualcomm stakes …

Sponsor Posts

Tribe AI:
Build AI that works  —  Tribe builds tech for top AI companies.  Get in touch to learn how our bench of 500+ engineers and researchers can accelerate your roadmap.
Kulkan Security:
Hire Kulkan as your penetration testing partner  —  Kulkan prioritizes deep-dive manual security reviews, dissecting your software and infrastructure to find issues that once remediated can truly reduce security risk.
Zoho:
App spotlight: Devart ODBC for Zoho CRM  —  An efficient CRM tool helps sales teams maintain strong customer relationships.  However, for a business to leverage a CRM fully, it needs to be connected with other databases to ensure a smooth two-way data flow.
Mastodon:
Donate to Mastodon  —  Mastodon gGmbH, the non-profit behind the open-source software powering the social web, relies entirely on support from users like you.  Donate directly with a credit card or through Patreon.
The Kevin Rose Show:
How to Cultivate Everyday Dharma, Suneel Gupta (#54)
Gain unconventional wisdom and insights through conversations with top expert in AI, investing, wellness, technology, and culture.
Techmeme Ride Home:
Fri. 04/26 - Net Neutrality Is Back
The day's tech news, every day at 5pm ET. Fifteen minutes and you're up to date.
Subscribe via Apple Podcasts, Spotify, or RSS.
 

About This Page

This is a Techmeme archive page. It shows how the site appeared at 12:05 PM ET, December 12, 2022.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

More News

Reuters:

Earlier Picks

Igor Bonifacic / Engadget:
Bloomberg: