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December 31, 2022, 11:30 AM
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| Wall Street Journal: |
Sources: Sam Bankman-Fried will likely plead not guilty to fraud and other charges at a January 3 hearing; SBF returns to Twitter to deny he moved Alameda funds — FTX founder Sam Bankman-Fried is likely to plead not guilty to eight counts of fraud at a hearing next week, according to a person familiar with the matter.
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Bloomberg, Reuters, Cointelegraph, Insider, The Block, Decrypt, Forbes, CryptoSlate, CoinGape, Cryptonews, Yahoo News, Investing.com, The Information, Decrypt, and Bloomberg
Mastodon: @MikeElgan@mastodon.social and @davidgerard@circumstances.run
| Reuters: |
The Bahamas' Securities Commission says it is holding FTX assets worth $3.5B temporarily and plans to deliver them to customers and creditors who own them — The Securities Commission of the Bahamas said on Thursday that it is holding FTX assets worth $3.5 billion based on market pricing …
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Securities Commission of The Bahamas, CoinDesk, The Guardian, Crypto Jargon Newsletter, Neowin, Livemint, PYMNTS.com, crypto.news, The Daily Hodl, Bloomberg, The Information, Ethereum World News, Tech in Asia, Cryptopolitan, Decrypt, Coinpedia Fintech News, CryptoSlate, The Block, Watcher Guru, CryptoPotato, and Forkast
Tweets: @ftx_official, @scbgov_bs, and @adamscochran
| Nathan Crooks / The Block: |
FTX says it would seek the return of its digital assets held by the Bahamas, claiming the value was ~$296M when transferred on November 12 and is now ~$167M — - FTX Trading and its affiliated debtors said Friday that they would seek the return of crypto held by the Securities Commission …
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FTX, Crypto Daily, CryptoSlate, Bitcoin News, Reuters, and CoinJournal
| New York Times: |
Sources detail Elon Musk's Twitter cost-cutting measures, including closing a data center, reducing training for new staff, and canceling janitorial services — Elon Musk has reduced the company to a bare-bones operation, and employees are under a “zero-based budgeting” mandate to justify any spending.
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SFGATE, San Francisco Business Journal, SiliconANGLE, Fortune, Livemint, The Information, New York Post, PCMag, Newser, Insider, and Insider
Mastodon: @GossiTheDog@cyberplace.social, @ChrisPirillo@mastodon.social, @rmac18@journa.host, @zoeschiffer@mastodon.social, @cong@mastodon.social, @caseynewton@mastodon.social, @carnage4life@mas.to, and @mmasnick@mastodon.social
Tweets: @akilahobviously, @richardlnewby, @beyerstein, @jamesmartinsj, @jamesrbuk, @kateconger, @kenbensinger, @mikeisaac, @notcapnamerica, @maxkennerly, @fake_api, @mekkaokerekebye, @manishearth, @enjus, @joshua_t_white, @masonpelt, @athertonkd, @leavittalone, @rmondello, @shortingisfun, @mgoodland, @jgownder, @mistresssnowphd, @pt, @benryanwriter, @nktpnd, @goldman, @chrismegerian, and @dlberes
| Taylor Soper / GeekWire: |
| Matt Levine / Bloomberg: |
Crypto created a toy financial system and had a toy financial crisis; in order to work in the long run, crypto must prove its real usefulness outside of finance — On Oct. 25, Bloomberg Businessweek published “The Crypto Story,” a cover-to-cover issue of the magazine that I wrote about what crypto is and what it all might mean.
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TheStreet
Mastodon: @carnage4life@mas.to. Tweets: @mdudas, @smdiehl, @joelwebershow, @ccatalini, @nathanbenaich, @tomi, and @carnage4life
| Emily Birnbaum / Bloomberg: |
Tim Wu, who helped shape Joe Biden's antitrust agenda, plans to leave his adviser role on January 4 and return to teaching antitrust law at Columbia Law School — Adviser Tim Wu, who helped to shape President Joe Biden's antitrust agenda, will leave his position Jan. 4, the White House said Friday.
More:
New York Times, UPI, Axios, SiliconANGLE, Politico, and Slashdot
| Sandali Handagama / CoinDesk: |
Italy's parliament approves a 26% tax on gains of €2,000+ from crypto trading per tax period and offers incentives for declaring crypto profits for tax purposes — Prime Minister Giorgia Meloni's new bill also includes an incentive for those declaring crypto for tax purposes.
More:
CryptoSlate, Reuters, PYMNTS.com, crypto.news, Watcher Guru, Cryptopolitan, and The Block. Tweets: @coindesk
| Kashmir Hill / New York Times: |
Google changes its appeals process for CSAM-flagged accounts; content deemed exploitative will still be removed and reported but users can plead their innocence — People who upload images of children that Google flags as potentially illegal will be able to provide more context to appeal bans.| Brian Merchant / The Atlantic: |
Meta's dramatic implosion, Elon Musk's Twitter train wreck, and Amazon's labor uprising show that 2022 was not just a disastrous year, but a reckoning for tech — The companies that define our digital lives have hit a wall. — The dramatic, multidimensional implosion of Meta …
More:
The Ringer, CNN, Electronic Frontier Foundation, CrimsonRock, and Beyond Search
| Ryan Broderick / Polygon: |
A look at the disastrous 2022 for NFT-based games, after interest from EA, Ubisoft, Zynga, Niantic, and others, as the community grew more niche and scam-filled — The NFT gaming community only grew more niche and scam-filled in 2022 — Less than 12 months ago, it felt as if 2022 …
Tweets: @starl3xx, @realjonahblake, @realjonahblake, @michaelcarusi, and @midimyers
| Washington Post: |
Sources: Meta is still working on a wrist wearable device and wants to move its hardware manufacturing out of China but is struggling to find key suppliers — The company needs China's factories as it pushes to become a hardware producer — SAN FRANCISCO — For more than a year … | Dan Strumpf / Wall Street Journal: |
Huawei has exited “crisis mode” following US restrictions and expects ~$91.5B in 2022 revenue, unchanged from 2021, due to growing telecom infrastructure sales — Chairman says U.S. restrictions are new normal and company is back to business as usual
More:
Softpedia News, Reuters, Financial Times, Bloomberg, Gizchina, SamMobile, Firstpost Tech, Pandaily, South China Morning Post, TelecomLead, CHINAdaily, Tech Xplore, Associated Press, and Huawei Central. Tweets: @mattvvolf
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