Techmeme
December 12, 2022, 3:20 PM

Top News

Reuters:
Sources: US prosecutors are split on charging Binance and its executives over money laundering and sanctions violations and have discussed potential plea deals  —  Splits between U.S. Department of Justice prosecutors are delaying the conclusion of a long-running criminal investigation …
Jonathan Weil / Wall Street Journal:
Mazars' Binance “proof of reserve” report covers only some assets and liabilities and doesn't vouch for the numbers or assess internal reporting controls  —  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 restricting 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 ~£1.6B, as part of a 10-year deal in which LSEG plans to spend $2.8B+ on cloud services  —  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.
Bloomberg:
Sources: the Netherlands and Japan agree in principle to join the US in tightening chipmaking exports to China and limit its ability to obtain advanced chips  —  Japan and the Netherlands have agreed in principle to join the US in tightening controls over the export of advanced chipmaking machinery to China …
Jordan Middler / Video Games Chronicle:
Microsoft Gaming CEO Phil Spencer says Sony opposes the Activision Blizzard deal to “protect its dominance on the console” and to grow by “making Xbox smaller”  —  In the latest war of words over its proposed acquisition of Activision Blizzard, Microsoft's Gaming CEO …
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 stayed in the Bahamas after 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
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 UST and LUNA tokens, is hiding in Serbia after 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 …
U.S. House Committee on Financial Services:
FTX CEO's testimony to the US House: FTX and Alameda customer assets were commingled, insiders were paid $1B+, FTX US was not run independently of FTX, and more  —  Chairwoman Waters, Ranking Member McHenry, distinguished members of the Committee: thank you for the invitation to appear before you today.
Kyle Wiggers / TechCrunch:
Atlanta-based MessageGears, a customer engagement service rivaling MoEngage, raised $62M led by Long Ridge Equity Partners, bringing its total funding to $80M+  —  Dan Roy, a former software engineer at Delta, says he witnessed firsthand the challenges companies face when making the shift …
More: FinSMEs

Sponsor Posts

Google:
Try Gemini 3 Pro  —  Google's newest and most intelligent AI model that helps you bring any idea to life
Shopify:
Shopify's new AI commerce stack  —  Their VP of Product digs into just-launched products to help entrepreneurs and developers build with the latest AI and tech.
Zoho:
Why eIDAS 2.0 might be the EU's boldest digital move yet  —  eIDAS: The first building block of digital trust More than a decade ago, the EU introduced the eIDAS regulation (Regulation [EU] No 910/2014) …
IDrive:
Protecting your Cloud Applications Data  —  Backing up Office 365, Google Workspace, Dropbox & Box data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.

Featured Podcasts

Big Technology Podcast:
CNBC's Jim Cramer: Big Tech Hot Takes, NVIDIA $10 Trillion?, Building Wealth In Any Market
The Big Technology Podcast takes you behind the scenes in the tech world featuring interviews with plugged-in insiders and outside agitators.
Subscribe to Big Technology Podcast.
Channels with Peter Kafka:
"Neither Side Is Used to Losing." Lucas Shaw on What's Next for Netflix and Paramount in the Battle for Warner Bros.
Media and tech aren't just intersecting - they're fully intertwined. To understand how those worlds work, Peter Kafka talks to industry leaders, upstarts and observers.
Subscribe to Channels with Peter Kafka.
Uncapped with Jack Altman:
Saam Motamedi from Greylock Partners
Conversations with people I admire about things I'm genuinely interested in.
Subscribe to Uncapped with Jack Altman.
Invest Like the Best:
Henry Ellenbogen - Man Versus Machine
The leading destination to learn about business and investing. We do this by showcasing exceptional talent and ideas.
Subscribe to Invest Like the Best.
Grit:
How Snap Plans to Win the AR Race | Evan Spiegel on Spectacles
Grit explores what it takes to create, build and scale world-class organizations.
Subscribe to Grit.
Tools and Weapons with Brad Smith:
Ted Sarandos: Netflix and how tech changed storytelling
Microsoft Vice Chair and President Brad Smith speaks with leaders in government, business, and culture to explore the most critical challenges at the intersection of technology and society.
Subscribe to Tools and Weapons with Brad Smith.
 

About This Page

This is a Techmeme archive page. It shows how the site appeared at 3:20 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

Yuvraj Malik / Reuters:
Jules Wang / Android Police:
Reuters:
Krisztian Sandor / CoinDesk:

Earlier Picks

Benj Edwards / Ars Technica:
Igor Bonifacic / Engadget:
Bloomberg: