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November 10, 2022, 10:05 AM
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| Wall Street Journal: |
Binance abandons its rescue acquisition offer for FTX after reviewing FTX's finances, saying “the issues are beyond our control or ability to help” — Crypto exchange's decision leaves FTX with uncertain future as it faces multibillion-dollar shortfall — Sam Bankman-Fried in Talks to Raise More Funding
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Sequoia Capital, Reuters, CoinDesk, AltFi, CoinDesk, Blockworks, Bloomberg, The Block, CNN, CNBC, New York Times, Whitespace, Finbold, Decrypt, Wall Street Journal, TIME, Wccftech, Coinpedia Fintech News, CryptoGlobe, Barron's Online, Politico, Trustnodes, WRAL TechWire, CryptoPotato, Cryptopolitan, Digits to Dollars, BBC, and Protos
Tweets: @binance, @cz_binance, @justinsuntron, @halocrypto, @cz_binance, @cobie, @zebulgar, @jespow, @binance, @genesistrading, @tier10k, @tier10k, @doombergt, @firstadopter, @iamdcinvestor, @hsakatrades, @stoolpresidente, @fintechfrank, @autismcapital, @1markmoss, @cobie, @jespow, @ianthetechie, @cmsintern, @cryptohayes, @goodalexander, @binance, @nathantankus, @adamscochran, @ldrogen, @p3b7_, @cz_binance, @cobie, @jgarzik, @rajgokal, @wassielawyer, @rleshner, @deitaone, @asvanevik, @shaanvp, @cobie, @hsakatrades, @binance, @functi0nzer0, @thestalwart, @brian_armstrong, @ohyoublockhead, @hsakatrades, @tuurdemeester, @basedkarbon, @lowstrife, and @henrytheeth
| @sbf_ftx: |
[Thread] FTX CEO SBF apologizes, says he “fucked up”, claims his priority is “doing right by users”, plans to raise funds and shutter Alameda, and more — 1) I'm sorry. That's the biggest thing. I fucked up, and should have done better.
More:
The Verge, TechCrunch, The Block, CoinDesk, Wall Street Journal, Bloomberg, CNBC, Financial Times, and Cointelegraph
Tweets: @sbf_ftx, @sbf_ftx, @sbf_ftx, @teo_leibowitz, @dogetoshi, @sbf_ftx, @trustlessstate, @sbf_ftx, @sbf_ftx, @mhonkasalo, @cryptoalle, @byzgeneral, @smtuffy, @powerhasheur, @smtuffy, @jeffmacke, @trader_xb, @notthreadguy, @benedictevans, @farokh, @jesseolson, @richardmccrackn, @veryimportant, @svetskiwrites, @z0r0zzz, @sven_nft, @buccocapital, @gritcult, @satoshigainz, @smtuffy, @defiyst, @omazmr, @laurashin, @marionawfal, @cryptowendyo, @ashleydcan, @sassal0x, @tree_of_alpha, @napgener, @azeem, @davidzmorris, @jacqmelinek, @mayazi, @thecoffeeblock, @zachxbt, @cryptohuntergon, @defiyst, @cryptodetweiler, @22loops, @hsakatrades, @wassielawyer, @deranzxc, @0xsisyphus, @loopifyyy, @cryptocred, @wublockchain, @hsakatrades, @hidenotslide, @alexh_johnson, @adamscochran, @jimcramer, @deezefi, @jamespmcleod, @emilyjnicolle, @lawmaster, @tier10k, @tier10k, @flureth, @tier10k, @fintechfrank, @kadhim, @jordan_rivs, @twobitidiot, @sairarahman, @adamscochran, @danielacambone, @kadhim, @blusuitdillon, @cryptoncoffeee, @sbf_ftx, @sbf_ftx, @sbf_ftx, @tier10k, and @sbf_ftx
| Reuters: |
Sources detail FTX's rise and fall: CZ's ~$100M investment in 2019, deteriorating relationship with Binance, significant losses at Alameda in 2022, and more — On Tuesday morning, Sam Bankman-Fried, owner of cryptocurrency exchange FTX, caught his employees off-guard with a somber message.
More:
CoinDesk, Cointelegraph, Finbold, The Block, Crypto Briefing, Bitcoin Global Macro, and Crypto Daily
Tweets: @wublockchain, @dystopiabreaker, @jonwu_, @smtuffy, @smtuffy, @alex, @roxstarkerwin, @bongcapital, @scupytrooples, @permequity, @msuiche, @xbenjamminx, and @ericliptonnyt
| Oliver Knight / CoinDesk: |
Tether freezes FTX's $46M in USDT on the Tron blockchain at the request of law enforcement while investigations occur — Tether has received requests to freeze assets while an investigation occurs. — Stablecoin issuer Tether has frozen $46 million of USDT on the Tron blockchain following a request from law enforcement.
More:
The Block and Cointelegraph
Tweets: @whale_alert, @tier10k, @pentosh1, @whale_alert, @stackersatoshi, @kadhim, @wublockchain, @defiyst, @defiyst, @grindingpoet, @adamscochran, and @adamscochran
| Bryce Elder / Financial Times: |
As FTX faces bankruptcy, an attempt to untangle its extremely complex corporate structure, which could pose a problem for liquidators and law enforcement — Relationship status: it's complicated — With crypto exchange FTX short $8bn and hurtling towards bankruptcy …
Tweets: @bondhack, @dogetoshi, @alex, @lefterisjp, @jsphctrl, @gersonmartinez, @nvk, @mayazi, @moo9000, @jeuasommenulle, @louis_ashworth, @bondhack, @vince_stanzione, @adamscochran, and @adam3us
| Dan Primack / Axios: |
Sequoia tells partners the firm marked down its FTX investment of $213.5M across two funds to $0, saying it “ran a rigorous diligence process” before investing — - Its $150 million of exposure to both FTX and FTX.US in its third global growth fund represents less than 3% of that fund's total capital commitment.
More:
Moneycontrol, Newcomer, Blockworks, and The Guardian
Tweets: @sequoia, @thestalwart, @tarunchitra, @ericnewcomer, and @ericnewcomer
| Tanaya Macheel / CNBC: |
Major coins are plummeting: Solana crashes 30%+ to ~$14, bitcoin drops 14%+ to below $17,000, a new low since November 2020, and ether drops 17%+ to ~$1,200 — FTX token plunges as Binance steps in to buy the crypto exchange's non-U.S. unit: CNBC Crypto World
More:
The Block, CoinDesk, Blockworks, Bloomberg, DCD, CryptoSlate, Protocol, Coinmonks, The Daily Hodl, NewsBTC, Protos, and Forkast
Tweets: @trondaoreserve, @cz_binance, @sbf_ftx, @jimcramer, @weremeow, @brian_armstrong, @ercwl, @truthcoin, @astro__magic, and @dylanleclair_
| Gillian Tan / Bloomberg: |
Source: citing an $8B shortfall, Sam Bankman-Fried told investors that FTX needs a cash injection or the company will need to file for bankruptcy — Sam Bankman-Fried told FTX.com investors on Wednesday that without a cash injection the company would need to file for bankruptcy …
More:
Wall Street Journal, Fortune, Reuters, CNN, The Ankler, Financial Times, and CoinDesk
| Callan Quinn / The Block: |
More:
Binance Blog, CoinDesk, and CoinGape
Tweets: @cz_binance, @paleofuture, @asvanevik, @nansenportfolio, and @tree_of_alpha
| Bloomberg: |
More:
Wall Street Journal, Blockworks, Bloomberg, Reuters, CNN, Cointelegraph, Gizmodo, Decrypt, CoinGape, Finbold, CryptoPotato, and Forbes
Tweets: @brian_armstrong, @senwarren, @tier10k, @tier10k, @jerallaire, @reptomemmer, @epsilontheory, @wublockchain, and @tier10k
| Shaurya Malwa / CoinDesk: |
More:
The Block and Wired
Tweets: @paoloardoino, @cz_binance, @wublockchain, @aeyakovenko, @jerallaire, @deribitexchange, @cumberlandsays, and @lyu_johnny
| Kyle Wiggers / TechCrunch: |
After Twitter labels select accounts as “Official”, Elon Musk says he “killed it” and an executive says the label “is still going out” as part of the new Blue — Update: Well, that was fast. The grey checks have begun to disappear following a tweet …
More:
Washington Post, Engadget, BleepingComputer, Wall Street Journal, Insider, PCMag, Appuals.com, Associated Press, and NBC News
| Taylor Hatmaker / TechCrunch: |
Fake Twitter accounts of athletes and other celebrities, some now suspended, are spreading fake announcements and chaos as paid Blue checkmarks become available — Elon Musk's mercurial leadership and half-baked product plans are already creating fertile ground for confusion on Twitter.
More:
CNN, TechCrunch, The Verge, 9to5Mac, Insider, TMZ.com, Digg, Snopes, NBC News, Mashable, and VICE
Tweets: @jasonschreier, @tmz, @petefrasermusic, @jsrailton, @vxunderground, @joonlee, @chadloder, @b_fung, @misterratt, @patblanchfield, @caseyjohnston, and @mcuban
| Mark Gurman / Bloomberg: |
Apple limits iOS' AirDrop in China for receiving files from non-contacts to 10 minutes after its use in protests, and plans to change the global default in 2023 — Apple Inc. has limited the AirDrop wireless file-sharing feature on iPhones in China after the mechanism was used by protesters to spread images to other iPhone owners.
More:
9to5Mac, XDA Developers, The Verge, AppleInsider, TechSpot, iMore, South China Morning Post, and BGR
Tweets: @zeyiyang, @therealjoshye, @skraicer, and @markmilian
| Kurt Wagner / Bloomberg: |
In his first email to Twitter staff, Elon Musk warns of “difficult times ahead” and ends remote work policies, saying employees should be in 40+ hours per week — New Twitter Inc. owner Elon Musk emailed his workers for the first time late Wednesday to prepare them for …
More:
The Guardian, TechCrunch, Protocol, ZDNet, Gizmodo, Engadget, BBC, PCMag, The Economic Times, Financial Times, Insider, Android Headlines, and International Business Times
Tweets: @gergelyorosz, @pkafka, @jenlooper, @igb, @gergelyorosz, @sifill_, and @louiseridley
| Kif Leswing / CNBC: |
Apple plans to launch Emergency SOS with Satellite in November and invest $450M in US companies to support the infrastructure, with most going to Globalstar — - Apple said Thursday that it will spend $450 million with U.S. companies including Globalstar to enable its new emergency satellite texting feature.
More:
Apple, MacRumors, TechCrunch, The Verge, AppleInsider, 9to5Mac, Wccftech, WRAL TechWire, and BGR
Tweets: @brandonbutch, @tme_michael, @wright18ted, and @brandonbutch
| Tom Warren / The Verge: |
GitHub is experimenting with “Hey, GitHub!”, a voice-based interaction system that lets programmers code with just their voice, in its $10/month Copilot tool — Microsoft-owned GitHub is experimenting with a new voice-based interaction system for its Copilot software.
More:
The GitHub Blog, Windows Central, TechCrunch, InfoWorld, and Petri IT Knowledgebase. Thanks:@colegarry2
| Politico: |
Experts and Western officials say the Egyptian government's Android app for the COP27 climate summit could help spy on emails, messages, and voice conversations — Western security advisers are warning delegates at the COP27 climate summit not to download the host Egyptian government's … | Cameron Thompson / CoinDesk: |
OpenSea plans to continue to enforce NFT royalties on its platform, after X2Y2, Magic Eden, and LooksRare altered their NFT royalty structures — “The world is otherwise burning, but we decided this couldn't wait,” a representative from OpenSea told CoinDesk.
Tweets: @opensea
| Gian M. Volpicelli / Wired: |
Law enforcement officers specializing in cryptocurrency investigations are leaving government agencies to join companies like Binance, Coinbase, and Chainalysis — Hunting down crypto criminals is a dying art as law enforcement officers jump in-house. — In the course of a decade … Sponsor Posts
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Equals:
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Zoho:
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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.
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Why Netflix is betting on systems thinkers—not specialists—in the AI era | Elizabeth Stone (CPTO)
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