Techmeme
November 14, 2022, 1:50 AM

Top News

Casey Newton / @caseynewton:
Sources: Twitter cut ~4,400 of its ~5,500 contract staff on November 12, which is expected to significantly impact content moderation and core infrastructure  —  Update: company sources tell me that yesterday Twitter eliminated ~4,400 of its ~5,500 contract employees, with cuts expected to have significant impact to content moderation and the core infrastructure services that keep the site up and running. People inside are stunned.
Nikhilesh De / CoinDesk:
The Securities Commission of The Bahamas says it didn't order FTX to reopen withdrawals for Bahamas-based customers, refuting FTX's statement  —  FTX said last week it had allowed Bahamas-based customers to withdraw funds at its regulators' request.  —  Crypto exchange FTX was not required …
Financial Times:
FTX's balance sheet shows $900M in liquid assets the day before bankruptcy, including $470M in Robinhood shares owned by an SBF entity not in bankruptcy filings  —  Vast gap highlights the dire state of Sam Bankman-Fried's exchange before it collapsed into bankruptcy
Bradley Saacks / Semafor:
Sources: Sam Bankman-Fried and most of his inner circle are still in the Bahamas but many senior FTX employees left for Hong Kong and elsewhere in recent days  —  Nassau, Bahamas — Many of the dozens of senior employees who work at FTX in the Bahamas, where the embattled crypto exchange is headquartered …
Wall Street Journal:
CoinDesk:
More: CoinDesk, Reuters, CryptoSlate, Elliptic Connect, Inside Bitcoins, SlashGear, Watcher Guru, Cryptopolitan, Off Beat, crypto.news, Low Risk Rules, The Topic.Ai, Finbold, Coinpedia Fintech News, The Verge, Neowin, New York Times, Security Affairs, Fortune, and The Hill
Tweets: @c7five, @_ryne_miller, @jump_, @_ryne_miller, @elonmusk, @0xfoobar, @stephen_geiger, @meghankreynolds, @concodanomics, @elonmusk, @zachxbt, @willmacaskill, @robdenbleyker, @bgurley, @zachxbt, @vydamo_, @devchart, @autismcapital, @phil_lewis_, @0xtre, @hackenclub, @alex, @marquardtglobal, @yoda, @rezendi, @johnlevenstein, @adam_k_levin, @levie, @zachxbt, @autismcapital, @vitalikbuterin, @levie, @dsquareddigest, @spreekaway, @edzitron, @dogetoshi, @milkroaddaily, @mudit__gupta, @grdecter, @joshtpm, @im_goomba, @wublockchain, @edvis100, @cryptoub, @wallstreetsilv, @grady_booch, @autismcapital, @kuroxlb, @0xfoobar, @caseynewton, @davidmweissman, @carnage4life, @rmac18, @matthew_d_green, @0xfoobar, @cd_hooks, @asanwal, @lookonchain, @jchervinsky, @alexhern, @cz_binance, @profjeffjarviss, @harryh, @edzitron, @menlobear, @dollarsanddata, @travisyost, @mattballen4791, @milesjennings, @weldpond, @ericjackson, @grdecter, @mathewi, @cgasparino, @gergelyorosz, @ashleevance, @gordongoner, @jordanschachtel, @cryptodonalt, @justinbennettfx, @ericliptonnyt, @buccocapital, @route2fi, @autismcapital, @7im, @modestproposal1, @davidgokhshtein, @autismcapital, @hunterwalk, @scupytrooples, @teroterotero, @rmac18, @cloud_opinion, @zachweinberg, @profjeffjarviss, @wublockchain, @gergelyorosz, @carnage4life, @fintechfrank, @marionawfal, @ki_young_ju, @erikvoorhees, @litcapital, @0xfoobar, @jason, @zachxbt, @coinbureau, @nekoztek, @conejocapital, @bantg, @marionawfal, @dylanleclair_, @dmitryopines, @iamdcinvestor, @functi0nzer0, @adamscochran, @mhonkasalo, @autismcapital, @noahpinion, @adamscochran, @219_eth, @cryptovinco, @0xwave, @tradermayne, @crypto_chase, @adamscochran, @iamnoahmiller, @themlpx, @tradermayne, @thedata_nerd, @219_eth, @abu9ala7, @tradermayne, @0xfbifemboy, @davidfbailey, @octal, @valueandtime, @whale_alert, @sassal0x, @jillrgunter, @josephpolitano, @asvanevik, @srpeterseth, @coinmamba, @ryansadams, @msuiche, @mrjasonchoi, @route2fi, @jonwu_, @minigrogu, @enjoyoor, @camirusso, @qtrresearch, @altcoinpsycho, @sobylife, @the_delysium, @punk6529, @0xquit, @nycsouthpaw, @titanxbt, @dannydiekroeger, @wassielawyer, @0xradar, @titanxbt, @azidynamics, @marionawfal, @gurgavin, @tittyrespecter, @statelayer, @arkhamintel, @beastlyorion, @loopifyyy, @jasonfurman, @altcoindailyio, @drericding, @loopifyyy, @peckshieldalert, @icebergy_, @degenspartan, @arthur_0x, @zachxbt, @tree_of_alpha, @219_eth, @generativist, @cryptokaleo, @statelayer, @robustus, @dtrain22k, @richerd, @rnr_0, @mhonkasalo, @investmentshulk, @peckshieldalert, @sassal0x, @marionawfal, @lawmaster, @richerd, @lefterisjp, @tree_of_alpha, @punk6529, @wublockchain, @stunlikes, @salsatekila, @gordongoner, @hsakatrades, @zackvoell, @jeffjohnroberts, @edzitron, @0xfoobar, @cryptotony__, and @captaindefi2
Molly White / Web3 is going just great:
Crypto.com's CEO admits the company accidentally sent 320K ETH, or ~$416M, meant for cold storage, to crypto exchange Gate.io, which returned all the funds  —  A Twitter user posted Etherscan screenshots showing a massive flow of crypto from the Crypto.com cryptocurrency exchange to another exchange, Gate.io.
Bloomberg:
A profile of Unity CEO John Riccitiello, as he faces criticism for the company's targeted ads, his metaverse ambitions, years of dating the head of HR, and more  —  John Riccitiello was on top of the metaverse.  Last November the chief executive officer of Unity Software Inc. spilled the news …
Adrienne LaFrance / The Atlantic:
Elon Musk is failing to convince people that Twitter is a town square, telling users what they can and can't say for a laugh and charging $8 for the privilege  —  Recently, comedy clubs have begun doing this thing that seemed, when I first encountered it, both wildly hypocritical and more than a little sad.

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Earlier Picks

Clive Thompson / UX Collective: