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December 31, 2022, 6:00 AM
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WeSmirchTop News
| 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, Insider, The Block, Decrypt, Bloomberg, Decrypt, Forbes, CryptoSlate, Cointelegraph, The Information, Yahoo News, Investing.com, Reuters, and CoinGape
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, Crypto Jargon Newsletter, Livemint, Neowin, PYMNTS.com, The Guardian, crypto.news, The Daily Hodl, The Information, Ethereum World News, Bloomberg, 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, CoinJournal, CryptoSlate, Bitcoin News, and Reuters
| 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
| 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.
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CryptoSlate, Reuters, PYMNTS.com, crypto.news, Watcher Guru, Cryptopolitan, The Block, and Bloomberg. Tweets: @coindesk
| 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 …
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The Ringer, CNN, Electronic Frontier Foundation, CrimsonRock, and Beyond Search
Tweets: @mpawlo, @ringer, @greg_doucette, @neilturkewitz, @bcmerchant, @nc_renic, @dlberes, @dwallacewells, @bcmerchant, @estherkeziat, @techwontsaveus, @adriennelaf, and @dlberes
| 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.
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New York Times, UPI, Axios, SiliconANGLE, Politico, and Slashdot
| 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.| 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
| Ari Levy / CNBC: |
Ernst & Young: US tech IPO deal proceeds plummeted 94%, from $155.8B in 2021 to $8.6B in 2022; FactSet: no tech IPO raised $1B in 2022, compared to 15 in 2021 — - IPO deal proceeds plummeted 94% in 2022, according to Ernst & Young's IPO report published in mid-December.
More:
Bloomberg, EY, and John Battelle's Search Blog
| Wall Street Journal: |
Predictions for 2023: competition for Meta's metaverse, Apple's AR/VR headset debut, generative AI integration into products, continuing crypto gloom, and more — Our tech columnists look ahead to an Apple headset, Netflix password crackdowns, the next DALL-E and more — Big layoffs at Meta, Amazon, Snap and others?| Ben Jiang / South China Morning Post: |
Sources: founder Richard Liu berated JD.com executives for poor performance and remains the undisputed decision maker despite having quit many frontline roles — Richard Liu Qiangdong, the billionaire founder of JD.com , has ended a low-profile period and stepped forward to lecture executives …
More:
TechNode and Tech in Asia
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