Techmeme
December 12, 2022, 1:00 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.
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 …
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.
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 …
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 …
Benj Edwards / Ars Technica:
With AI image generation tools like Stable Diffusion and DreamBooth, it is easy to make life-wrecking deepfakes with a few photos of a person from social media  —  AI tech makes it trivial to generate harmful fake photos from a few social media pictures.  —  If you're one of the billions …

Sponsor Posts

Airtable:
The central nervous system of your business  —  Used by 80% of Fortune 100 companies, Airtable combines AI with the scale of an infinitely flexible, no-code system.  With all your data in one place, it's like mission control for your company.
Intel:
5G's most deployed platform  —  Powering live networks with built-in Inference across Core and RAN.  That's the power of Intel Inside®
Zoho:
App Spotlight: HostMyText Pro for Zoho CRM  —  App Spotlight brings you hand-picked solutions that enhance your Zoho apps and tools.  Visit Zoho Marketplace to explore all of our apps, integrations …
IDrive:
Protecting your Cloud Applications Data  —  Backing up Office 365, Google Workspace, Dropbox & Salesforce 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:
AI Revenue Explodes, Dario's Memo, McDonald's CEO's Baby Burger Bite
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.
Hard Fork:
OpenAI's Fog of War + Betting on Iran + Hard Fork Review of Slop
The future is already here. Each week, journalists Kevin Roose and Casey Newton explore and make sense of the latest in the rapidly changing world of tech.
Subscribe to Hard Fork.
Access:
What happens to Google when AI answers everything? with Google's Liz Reid
A show about the tech industry's inside conversation, hosted by tech reporter Alex Heath and founder whisperer Ellis Hamburger.
Subscribe to Access.
Cheeky Pint:
Garrett Langley of Flock Safety on building technology to solve crime
Stripe cofounder John Collison interviews founders, builders, and leaders over a pint.
Subscribe to Cheeky Pint.
The Upstarts Podcast:
Flexport's Ryan Petersen: tech's trade expert on solving tariff chaos with AI agents & winning again
Veteran tech reporter Alex Konrad sits down with breakout entrepreneurs taking on the status quo to shake up their fields in AI, design, nuclear energy, space, and more.
Subscribe to The Upstarts Podcast.
Tools and Weapons with Brad Smith:
His Excellency Khaldoon Al Mubarak: Investing in an AI-Driven World
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 1:00 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:
Igor Bonifacic / Engadget:

Earlier Picks

Bloomberg: