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December 31, 2022, 3:05 PM
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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, CoinGape, Cryptonews, Decrypt, Forbes, Investing.com, Yahoo News, CryptoSlate, 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, Crypto Jargon Newsletter, Livemint, PYMNTS.com, Neowin, The Guardian, 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
| 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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DCD, SFGATE, San Francisco Business Journal, Livemint, SiliconANGLE, Fortune, 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: @danrothenberg, @smdiehl, @mdudas, @nathanbenaich, @tomi, @carnage4life, @joelwebershow, and @ccatalini
| Lily Hay Newman / Wired: |
A look at 2022's worst breaches, leaks, ransomware attacks, state-sponsored hacking campaigns, and digital takeovers, including at least two Twilio breaches — The year was marked by sinister new twists on cybersecurity classics, including phishing, breaches, and ransomware attacks.
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Krebs on Security, Techaeris, and HotHardware
| 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
| 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
| Anton Shilov / Tom's Hardware: |
Report: AMD, Intel, Nvidia, and others are slashing their orders with TSMC, with the contract manufacturer's Q1 2023 sales projected to decrease by 15% QoQ — Large customers revise orders to TSMC due to the economy slowdown. — Being the world's No. 1 foundry, TSMC was almost immune … | 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, Engadget, UPI, Axios, SiliconANGLE, Politico, and Slashdot
| 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 …
Tweets: @geoffreyfowler and @lizzadwoskin
| 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?| Amanda Silberling / TechCrunch: |
Meta acquires Netherlands-based Luxexcel, which 3D prints prescription lenses for smart glasses; Meta and Luxexcel reportedly worked together on Project Aria — As Meta faces antitrust scrutiny over its acquisition of VR fitness developers Within, the tech giant is making another acquisition.
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The Verge, The Brussels Times, Engadget, Appuals.com, Road to VR, Metaverse Post, and SiliconANGLE
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