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November 30, 2022, 12:25 PM
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| Financial Times: |
Interviews detail FTX and SBF's lavish spending, aided by minimal internal controls, including $300M+ on Bahamas real estate and chartering Amazon deliveries — When crypto exchange FTX moved its headquarters to the Bahamas from Hong Kong last year, employees discovered that Amazon did not deliver to the island.
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VICE, New York Post, and Insider
Tweets: @nikasgari, @mattgarrahan, @nouriel, @sindap, @antoinegara, @fintechfrank, @prasannavishy, @katie_martin_fx, @emmavj, @mattgarrahan, @antoniabmassa, @sarahoconnor_, @lawmaster, @edcaesar, @epicureandeal, @katie_martin_fx, @antoniofatas, @fascinatorfun, @rvvargas, @nouriel, @durkveenstra, and @etheraltog
| Marco Quiroz-Gutierrez / Fortune: |
In an interview, SBF claims he donated about the same amount to both parties in 2022 but the GOP donations were “dark” money, discusses Alameda, FTT, and more — Sam Bankman-Fried's donations to Democrats are well documented. In an interview released Tuesday …
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The Texas Tribune, Coffeezilla on YouTube, Tiffany Fong on YouTube, CoinDesk, Decrypt, Gizmodo, Bitcoin News, Newser, Cointelegraph, crypto.news, Watcher Guru, CryptoSlate, Bitcoinist.com, and Coinspeaker
Tweets: @pelositracker_, @cmsintern, @tiffanyfong_, @coffeebreak_yt, @unusual_whales, @doombergt, @lib_crusher, @tiffanyfong_, @grdecter, @autismcapital, @neerajka, @tiffanyfong_, @heerjeet, @robertmaguire_, @epsilontheory, @adamscochran, @coryklippsten, @tier10k, @zerohedge, @ryansadams, @cryptokaleo, @awprokop, @heerjeet, @bitbitcrypto, @adamscochran, @coffeebreak_yt, @autismcapital, @jimcramer, @grdecter, @krugermacro, @ositanwanevu, @xrp_productions, @grdecter, @lilmoonlambo, @johnedeaton1, @jbarro, @billym2k, @ianbremmer, @autismcapital, @grdecter, @smtuffy, @wublockchain, @jbarro, @steventdennis, @zerohedge, @teddyschleifer, @billym2k, @teddyschleifer, @jsrailton, @texastribune, @0xtuba, @fluentinfinance, @coffeebreak_yt, @icebergy_, @autismcapital, @zerohedge, @jsrailton, @epsilontheory, @pdmcleod, @wyatt_privilege, @johnedeaton1, and @kerpen
| Gregory Zuckerman / Wall Street Journal: |
Sources detail Alameda's early years, starting in fall 2017, as SBF shrugged off concerns about risky investments, leading several employees to quit in 2018 — ‘We ended up not really knowing how much money we even had,’ one former employee says — Why FTX Picked the Bahamas, and What Happens Now to the Crypto Hub
More:
Axios, Bloomberg, and Business Wire
| Juliana Liu / CNN: |
Chinese state media: a five-day COVID-19 lockdown in Zhengzhou, home to Foxconn's iPhone plant, has been lifted; an analyst says disruptions cost Apple $1B/week — Hong Kong CNN Business — The central Chinese city of Zhengzhou, home to the world's largest iPhone factory …
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Ming-Chi Kuo, Reuters, Insider, CoinDesk, ZDNet, AppleInsider, CNBC, Barron's Online, South China Morning Post, WinBuzzer, The Verge, 9to5Mac, Bloomberg, DigiTimes, Neowin, BGR, and iPhone in Canada Blog
Tweets: @williamyang120, @jchengwsj, @shehzadhqazi, and @divestech
| Josh Horwitz / Reuters: |
Analysis of Apple's supply chain data shows 44% to 47% of suppliers were China-based between 2014 and 2019, dropping to 41% in 2020 and 36% in 2021 — Apple Inc's (AAPL.O) wide exposure to Chinese manufacturing, notable both for its low costs and rising risks, has receded since the COVID-19 pandemic began … | Manish Singh / TechCrunch: |
The European Central Bank says that bitcoin is “rarely used for legal transactions” and is on the “road to irrelevance”, without citing any strong data points — European Central Bank officials alleged on Wednesday that bitcoin is “rarely used for legal transactions …
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European Central Bank, Finbold, The Guardian, Gizmodo, Decrypt, The Block, Finextra, Reuters, Cointelegraph, CNBC, CryptoGlobe, and Wccftech
Tweets: @ecb, @katie_martin_fx, @thestalwart, @joel_john95, @thestalwart, @notgrubles, @paulbuitink, @udiwertheimer, @wintonark, @btc_archive, @smtuffy, @nvk, @mdudas, @storagezilla, @lefterisjp, @smtuffy, @loomdart, @loopifyyy, @katie_martin_fx, @loic, @thestalwart, @erikvoorhees, @mayhem4markets, @ben_mckenzie, @sytaylor, and @alistairmilne
| Danny Nelson / CoinDesk: |
US crypto exchange Kraken plans to lay off 1,100 people, or 30% of its workforce, citing a need to “adapt to current market conditions” — The crypto exchange is laying off 1,100 people, sending its headcount back 12 months. — Crypto exchange Kraken said Wednesday …
More:
Kraken Blog, Blockworks, TechCrunch, The Block, Bloomberg, and CNBC
Tweets: @jeffjohnroberts, @carlquintanilla, @fintechfrank, @dylanleclair_, and @tier10k
| Platformer: |
Internal messages: Twitter's EMEA ad revenue dropped 15% YoY and weekly bookings are down 49%; source: Blue is delayed as Twitter seeks to skirt App Store fees — Revenues are in free fall, employees say. Can Musk turn the tide? — and Zoë Schiffer
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The Verge, Thurrott, Gizmodo, Forbes, The Register, MobileSyrup, Insider, New York Magazine, Fortune, Washington Post, and International Business Times
| Sara Dorn / Forbes: |
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Bloomberg, NBC News, AppleInsider, Insider, Insider, MacDailyNews, Gizmodo, CNBC, Coinspeaker, FOSS Patents, iThinkDifferent, and International Business Times
Tweets: @edzitron, @ozindie, @repkenbuck, @jdvance1, @r0wdy_, @karlbode, @karaswisher, @jamesrbuk, @pt, @tomfitton, @evan_greer, and @cat_zakrzewski
| Jackie Davalos / Bloomberg: |
Memo: DoorDash plans to lay off around 1,250 employees, aiming to curb expenses; sources say that represents around 6% of its workforce — DoorDash Inc. is cutting about 1,250 jobs to rein in expenses, acknowledging that a rapid expansion during the pandemic boom has led to mounting losses.
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DoorDash Newsroom, The Information, San Francisco Business Journal, CNN, The Hill, Engadget, CNBC, TechCrunch, Reuters, Barron's Online, SlashGear, and Tech Xplore
Tweets: @t_xu, @carnage4life, and @alex
| Ariel Shapiro / The Verge: |
Spotify releases Wrapped 2022 for users, adding a “music personality” feature, and says Joe Rogan, Emma Chamberlain, and others were its top podcasters — Spotify Wrapped is here, and with it, a slew of year-end charts, data, and graphics ripe for sharing.
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Spotify, TechCrunch, NBC News, PCMag, Windows Central, Fortune, Gizmodo, Android Authority, 9to5Mac, USA Today, Adweek, VentureBeat, Engadget, BGR, Music Ally, MUO, MobileSyrup, Laptop Mag, Wall Street Journal, Android Headlines, Variety, Variety, Mashable, All This Is True, and The Indian Express
Tweets: @musicstruggles1, @0xgaut, @jackmaccfb, @jonnygabriel, @brandonwong1004, @carnage4life, and @anthony
| David Pan / Bloomberg: |
As crypto miners default on loans, lenders could receive mining equipment as collateral, a popular financing tool, increasing losses as the rigs' value plunges — Beleaguered crypto lenders are being dealt another blow from Bitcoin miners as they weather the aftermath of the FTX collapse.| Olivia Carville / Bloomberg: |
A look at TikTok's role in spreading the “blackout challenge”, leading some kids to choke themselves to death, as critics say the company could be doing more — “Sissy's tangled!” — The 5-year-old boy's panicked cries echoed down the hallway of the Arroyos' three-bedroom clapboard house in Milwaukee.
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Law Street Media. Tweets: @jasonmillerindc, @melinanders, @zaidjilani, @beyondreasdoubt, @elizabethelkin, @livcarville, @joelwebershow, @livcarville, @livcarville, and @g0ingmad
| Financial Times: |
A look at China's growing interest in the open-source Risc-V chip architecture after US sanctions, including enlisting Alibaba and Tencent to help design chips — Chinese government steps up push to use Risc-V in move aimed at boosting domestic production of semiconductors| Emily Nicolle / Bloomberg: |
Emboldened by FTX's collapse, the disgraced founders of Terra, Celsius, and Three Arrows Capital have reemerged, offering their thoughts on SBF, FTX, and more — Welcome to Bloomberg Crypto, our twice-weekly look at Bitcoin, blockchain and more. If someone forwarded this to you, sign up here.
More:
Crypto Briefing. Tweets: @zhusu, @zhusu, @kyleldavies, @kyleldavies, @zhusu, @kyleldavies, @castillotrading, @altcoingordon, @kyleldavies, @icebergy_, @emilyjnicolle, @0xmakesy, @erikvoorhees, @0xquit, @zhusu, @austerity_sucks, @johnwrichkid, @tree_of_alpha, @fatmanterra, @roninroh, @mdudas, @dylanleclair_, @cobie, and @mdudas
| Ivan Mehta / TechCrunch: |
Airbnb launches a program to help renters find an apartment in 25 US markets and then list a spare room or occasionally the whole apartment on the platform — Airbnb really wants you to Airbnb an apartment. So its latest step is to find renters a place, which they can also list on the travel booking platform.
More:
Gizmodo, Bloomberg, Wall Street Journal, PYMNTS.com, Airbnb Newsroom, Reuters, and PhocusWire
Tweets: @tsoh_investing and @drorpoleg
| Financial Times: |
SpaceX's Starlink increases the price for new Ukrainian customers to $700, far above the $385 cost from earlier in 2022; monthly subscriptions rise to $75 — Cost of communications devices made by Elon Musk-owned SpaceX set to rise due to Russian assault on electricity grid
More:
Insider, Engadget, and Light Reading
| Christiana Loureiro / The Block: |
IBM and Maersk plan to shutter their blockchain supply chain service TradeLens, launched in 2018, in Q1 2023; Maersk blames a lack of industry collaboration — - The companies made a viable platform but couldn't get a global collaboration going. — Danish shipping company Maersk and IBM …
More:
Maersk, SiliconANGLE, Tech Monitor, Supply Chain Dive, CoinDesk, The Register, Global Trade Review, Amazon Web Services, Inc., Coinspeaker, and crypto.news
Tweets: @mc_of_a, @pbrody, @paddi_hansen, @costasparis, @ghaff, @davidgerard, @wublockchain, and @irinaheaver
| Annie Lowrey / The Atlantic: |
A look at Black American crypto investors, many of whom bought in near the top, as the market declines from its 2021 peak and some lose significant sums — Two years ago, a Maryland-based information-technology specialist—who asked to remain anonymous for reasons that will become apparent in a minute …
Tweets: @dkthomp, @raadzzi, @_shamgod, @willbredderman, @slangdini, @zellnor4ny, and @_zeets
| Kristin Majcher / The Block: |
Brazil's Chamber of Deputies has approved a longstanding crypto bill defining digital assets and their service providers; bill now requires president's approval — - Brazil's chamber of deputies finally approved a long-awaited crypto regulation bill. — The bill could now go to Brazilian President Jair Bolsonaro for approval.| The Intercept: |
Some prominent antifascist organizers and journalists have had Twitter accounts suspended in the past week, after right-wing operatives appealed to Elon Musk — Elon Musk claims to be “fighting for free speech in America” but the social network's new owner appears to be overseeing a purge of left-wing activists from the platform.
More:
Insider, @igd_news@kolektiva.social, and Semafor
Tweets: @micahflee, @blackamazon, @wrkclasshistory, @theintercept, @espiers, @dulhunty, @brandondarby, and @esqueer_
Intel:
Managing a Complex Multi-Cloud Environment Requires a Reliable Ecosystem — To avoid vendor lock-in and effectively manage your mission critical workload needs, you need a reliable ecosystem and architecture
Managing a Complex Multi-Cloud Environment Requires a Reliable Ecosystem — To avoid vendor lock-in and effectively manage your mission critical workload needs, you need a reliable ecosystem and architectureSponsor Post
| Bloomberg: |
Sources: LedgerX, known as FTX US Derivatives, plans to make $175M available for FTX's bankruptcy, part of a $250M fund reserved for a CFTC application — LedgerX — one of the few corners of Sam Bankman-Fried's crumbled crypto empire that remain solvent — is preparing to make available $175 million … | Alex Cranz / The Verge: |
Amazon Kindle Scribe review: great battery, display, and accessories, but lackluster notetaking, outdated document syncing and software, and small writing delay — Amazon's biggest Kindle ever is also the first to let you pair it with a stylus for note-taking.
More:
Engadget, ZDNet, Washington Post, CNET, TechCrunch, Digital Trends, and PCMag
Tweets: @pierce and @alexhcranz
| Yogita Khatri / The Block: |
Binance acquires Japan-based licensed exchange Sakura Exchange BitCoin for an undisclosed sum, the exchange's re-entry to Japan and first license in East Asia — - Binance has entered Japan by acquiring the locally licensed exchange Sakura Exchange BitCoin (SEBC). — The terms of the deal were not disclosed.
More:
Binance, Bloomberg, TechCrunch, Finextra, Crypto Daily, CoinJournal, Agence France-Presse, Bitcoinist.com, Coinspeaker, Watcher Guru, Reuters, crypto.news, Cryptonews, CoinGape, and CoinDesk
Tweets: @cz_binance, @tree_of_alpha, @wublockchain, @watanabesota, and @binance
Sponsor Posts
Intel:
Managing a Complex Multi-Cloud Environment Requires a Reliable Ecosystem — To avoid vendor lock-in and effectively manage your mission critical workload needs, you need a reliable ecosystem and architecture
Managing a Complex Multi-Cloud Environment Requires a Reliable Ecosystem — To avoid vendor lock-in and effectively manage your mission critical workload needs, you need a reliable ecosystem and architecture
Vesto:
The treasury management platform built for startups — Put your idle cash to work, earn higher yields, and extend your runway with Vesto.
The treasury management platform built for startups — Put your idle cash to work, earn higher yields, and extend your runway with Vesto.
Census:
Figma's CFO on how they built a $20B business with data — From Series B to acquisition, Figma needed Census to scale their business operations on top of their data warehouse.
Figma's CFO on how they built a $20B business with data — From Series B to acquisition, Figma needed Census to scale their business operations on top of their data warehouse.
Zoho:
A complete guide to customer acquisition strategies — Why do you need a customer acquisition strategy? It might seem like a silly question considering it's critical to have customers to run a business.
A complete guide to customer acquisition strategies — Why do you need a customer acquisition strategy? It might seem like a silly question considering it's critical to have customers to run a business.
Climate Draft:
Climate Career Resources for Laid Off Tech Workers — Your skills are in demand! Check out our jobs board, learn about the climate ecosystem, and join our directory to make yourself discoverable to top venture-backed startups.
Climate Career Resources for Laid Off Tech Workers — Your skills are in demand! Check out our jobs board, learn about the climate ecosystem, and join our directory to make yourself discoverable to top venture-backed startups.Who's Hiring In Tech?
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As annual inflation nears 100% in Argentina, a look at locals' use of Mercado Pago and other digital wallets to protect their pesos, amid scam and theft issuesFind
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Airbnb launches a program to help renters find an apartment in 25 US markets and then list a spare room or occasionally the whole apartment on the platformFind
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OpenSea says NFT creators collectively earned $1.1B in royalties in 2022 so far, of which 80% were to collections outside the top 10Find
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As crypto miners default on loans, lenders could receive mining equipment as collateral, a popular financing tool, increasing losses as the rigs' value plungesFind
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A look at Black American crypto investors, many of whom bought in near the top, as the market declines from its 2021 peak and some lose significant sumsFind
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| CNBC: |
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CoinDesk, Bloomberg, The Block, Cointelegraph, and CoinGape
Tweets: @arkhamintel, @epsilontheory, @epsilontheory, @camcrews, @mhonkasalo, @layahheilpern, @blockfi, @deitaone, and @kadhim
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The Hill, Engadget, The Drum, PCMag, The Register, New York Post, Associated Press, and Silicon Republic
Tweets: @kristinoem and @mytechmusings