| Reuters: |
A look at SBF's desperate efforts to raise $7B+ from Sequoia, Apollo, TPG, the Saudis, and others; FTX's internal accounting software hid FTX-Alameda transfers — As customers withdrew billions of dollars from crypto exchange FTX one frantic Sunday this month, founder Sam Bankman-Fried worked … | Sidhartha Shukla / Bloomberg: |
A wallet linked to the suspected FTX hacker swapped ~$49M of stablecoins for ether, taking its haul to 228,523 ETH and becoming the 35th largest ETH holder — The hacker who raided Sam Bankman-Fried's collapsed crypto exchange FTX is now one of the world's biggest holders of the token Ether.| Milky Eggs: |
Everything we know about FTX's collapse: losses are likely >$15B, trades became increasingly risky, SBF was erratic, rash, and relied on stimulants, and more — If you want to read a poorly researched fluff piece about Sam Bankman-Fried, feel free to go to the New York Times (PDF).| Washington Post: |
In an email to Twitter staff, Elon Musk gives an ultimatum: commit to a new “hardcore” Twitter by 5pm ET on Thursday or leave with three months severance — It comes as Musk's first major feature, Twitter Blue Verified, was halted while the company probes issues that arose from its launch.| Casey Newton / @caseynewton: |
| Kurt Wagner / Bloomberg: |
| Nelson Wang / CoinDesk: |
Genesis' crypto lending unit, which had $2.8B in active loans in Q3, suspends redemptions and new loan originations; trading and custody units are unaffected — The unit, known as Genesis Global Capital, serves an institutional client base and had $2.8 billion in total active loans as of the end of the third quarter of 2022.| Mark Gurman / Bloomberg: |
Internal meeting: Tim Cook told German engineering and retail staff that Apple plans to start sourcing chips from a plant under construction in Arizona in 2024 — Apple Inc. is preparing to begin sourcing chips for its devices from a plant under construction in Arizona … | Jay Peters / The Verge: |
Elon Musk says the new Twitter Blue will relaunch on November 29 “to make sure that it is rock solid”, after pausing signups due to many fake verified accounts — Elon Musk says the new Twitter Blue, which lets you pay $7.99 per month for a blue verification check mark next to your name, will relaunch on November 29th.| CNBC: |
Despite repeated assurances from Crypto.com CEO Kris Marszalek, customers worry over the exchange's solvency; Crypto.com's CRO token drops ~40% in the past week — - Crypto.com CEO Kris Marszalek has taken to Twitter, YouTube and the airwaves to try to reassure customers that their deposits … | Oliver Knight / CoinDesk: |
An independent audit shows the Luna Foundation Guard spent $2.8B in crypto and Terraform Labs spent $613M trying to defend the UST stablecoin in May 2022 — Terraform Labs founder Do Kwon dismissed similarities with the collapse of FTX. — Luna Foundation Guard (LFG) … | Matthias Bastian / The Decoder: |
Meta AI and Papers with Code unveil Galactica, an open-source LLM for generating literature reviews, wiki articles, lecture notes on scientific topics, and more — The Galactica large language model (LLM) is being trained with millions of pieces of academic content.| Allison Johnson / The Verge: |
Qualcomm unveils the Snapdragon 8 Gen 2, claiming 35% faster CPU performance, 25% Adreno GPU performance, Wi-Fi 7 support, and up to 4.35x faster AI performance — Qualcomm has announced all the details of its next flagship chipset, the Snapdragon 8 Gen 2, with a focus on better and more efficient performance for AI-related tasks.| Mike Truppa / The Block: |
Matter Labs, which develops the Ethereum scaling protocol zkSync, raised a $200M Series C led by Blockchain Capital and Dragonfly, bringing its funding to $458M — - Matter Labs has raised $200 million in a Series C round led by Blockchain Capital and Dragonfly.| Claire Woodcock / VICE: |
Some public libraries in the US and Canada are using open-source software MUSICat to offer their own music streaming services and boost their local music scenes — It's not Spotify, but some cities now host music platforms with their own local flavor. — Claire Woodcock| Miles Kruppa / Wall Street Journal: |
Activist investor TCI, which has a $6B+ stake in Alphabet, calls on the company to aggressively reduce headcount and cut costs in its long-term bets like Waymo — Hedge fund says company would be more efficient with fewer employees — Activist hedge fund TCI Fund Management called … | Max Chafkin / Bloomberg: |
A look at Alphabet X's Mineral project to build unmanned rovers with sensors and cameras for collecting data that helps agricultural companies improve yields — When Deb Menicos walks a strawberry field, she doesn't just look at the berries. Menicos, who holds a Ph.D. in plant breeding … | Politico: |
German, French, and Norwegian data authorities warn against Qatar's World Cup app Hayya and infection-tracking app Ehteraz, citing privacy and security concerns — Two World Cup apps pose serious privacy and security risks, European privacy regulators say.| Nikhil Patwardhan / Moneycontrol: |
Simplilearn, which offers upskilling courses, bootcamps, and certifications, raised $45M led by GSV Ventures; Blackstone acquired a $250M majority stake in 2021 — The higher learning edtech platform will use the funds to boost its growth plans in India and international markets| Jess Weatherbed / The Verge: |
DuckDuckGo launches App Tracking Protection in public beta on Android, helping block third-party trackers within apps — DuckDuckGo's App Tracking Protection is now available for public beta testing on all Android devices after launching in a limited beta almost one year ago.| Bloomberg: |
Microsoft plans to publish an annual review of internal harassment claims, heeding recommendations from a law firm hired after reports of Bill Gates' misconduct — Microsoft Corp. will adopt a series of new sexual harassment policies, following recommendations made by a law firm the company hired … | Josh Ye / Reuters: |
Tencent reports Q3 revenue down 2% YoY to ~$19.8B, below ~$20B estimates, and plans to distribute most of its ~$20B Meituan stake to shareholders as a dividend — Tencent Holdings (0700.HK) on Wednesday said it would distribute most of its stake worth $20.3 billion in food delivery firm Meituan … | Varsha Bansal / Rest of World: |
Some Indian gig workers, tired of algorithms dictating their lives and work, are using Telegram to share cheap hacks for gaming the platforms to their advantage — Tired of the obscurity around black box algorithms that dictate their lives, India's gig workers are coming up with jugaads to game the system.
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| Oliver Darcy / CNN: |
| Hartley Charlton / MacRumors: |