| Reuters: |
Sources reveal FTX and Alameda's dubious financial practices, like showing investors some of the same assets on their books despite claiming separate operations — As customers withdrew billions of dollars from crypto exchange FTX one frantic Sunday this month, founder Sam Bankman-Fried worked … | Wall Street Journal: |
Former employees detail the chaos after FTX's collapse: mass resignations, learning news from Twitter and the media, equity compensation evaporating, and more — Many say they learned of crypto exchange's deteriorating situation through media and lost access to their funds — How FTX Went Bankrupt: What Went Wrong| Milky Eggs: |
Everything we know about FTX's collapse: losses likely exceed $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).| Sidhartha Shukla / Bloomberg: |
| Washington Post: |
Elon Musk emails Twitter employees an ultimatum: commit to a new “hardcore” Twitter by 5pm ET on November 17 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: |
| Nelson Wang / CoinDesk: |
Genesis' crypto lending unit, which had $2.8B in Q3 2022 active loans, halts redemptions and new loan originations; trading and custody services 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.| Bloomberg: |
Sources: BlockFi plans to file for bankruptcy within days, after pausing withdrawals; FTX US gave the crypto lender a $400M revolving credit line in July 2022 — Cryptocurrency lender BlockFi Inc. is preparing to file for bankruptcy within days, according to people with knowledge of the matter … | Kyle Wiggers / TechCrunch: |
Evernote agrees to be acquired by Milan-based app developer Bending Spoons, in a transaction expected to close in early 2023; Evernote has raised $290M to date — Evernote, the note-taking and task management app founded over 20 years ago, has been acquired by Milan-based app developer Bending Spoons.| Stephanie Condon / ZDNet: |
Nvidia and Microsoft sign a multiyear deal to build an AI supercomputer in the cloud, making Azure the first public cloud to incorporate Nvidia's full AI stack — Nvidia and Microsoft announced Wednesday a multi-year collaboration to build an AI supercomputer in the cloud, adding tens of thousands of Nvidia GPUs to Microsoft Azure.| Oliver Knight / CoinDesk: |
Audit by JS Held: Terraform Labs and Luna Foundation Guard tried to defend the UST stablecoin in May 2022 by spending $613M and $2.8B in crypto, respectively — Terraform Labs founder Do Kwon dismissed similarities with the collapse of FTX. — Luna Foundation Guard (LFG) … | Sergiu Gatlan / BleepingComputer: |
The FBI and CISA say an Iranian-backed threat group hacked a US Federal Civilian Executive Branch and deployed XMRig cryptomining malware via the Log4Shell flaw — The FBI and CISA revealed in a joint advisory published today that an unnamed Iranian-backed threat group hacked … | CNBC: |
Despite Crypto.com CEO Kris Marszalek's assurances, customers worry about the exchange's solvency; Crypto.com's CRO token has fallen nearly 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 … | Colin Wilhelm / The Block: |
The US House Financial Services Committee plans to hold a hearing in December on FTX's collapse and invites Sam Bankman-Fried, Alameda, Binance, and others — - The House Financial Services Committee will hold a hearing on FTX in December. — In a joint statement announcing the hearing … | Jess Weatherbed / The Verge: |
DuckDuckGo launches App Tracking Protection in public beta on Android to block third-party trackers within apps, after launching a limited beta in November 2021 — 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.| Mia Sato / The Verge: |
Linktree announces Payment Lock, which lets creators on its paid plans add a paywall and use PayPal or Square to charge up to $150 for access to premium content — Linktree, a popular tool used to link out to additional social channels and websites, is adding a way for users to monetize the content they share on their page.| Jess Weatherbed / The Verge: |
DoorDash expands its SafeDash in-app delivery worker safety toolkit with automated SafeChat, improved reporting, real-time alerts, and porch light reminders — DoorDash has expanded its safety toolkit, rolling out new features that will automatically check in with delivery workers … | Brody Ford / Bloomberg: |
Dell agrees to pay $1B to settle a shareholder lawsuit over a $23.9B stock conversion in 2018; investors alleged the transaction was billions below market value — Dell Technologies Inc. agreed to pay $1 billion to settle a shareholder lawsuit relating to a controversial 2018 stock conversion transaction.| Ashley Capoot / CNBC: |
Cisco reports Q1 revenue up 6% YoY to $13.6B, vs. $13.3B est., including Secure, Agile Networks up 12% YoY to $6.68B, and increases its FY 2023 revenue guidance — - Cisco reported fiscal first-quarter results on Wednesday that beat analysts' estimates on top and bottom lines.| Mike Truppa / The Block: |
Matter Labs, which makes Ethereum scaling protocol zkSync, raised a $200M Series C led by Blockchain Capital and Dragonfly, bringing its total funding to $458M — - Matter Labs has raised $200 million in a Series C round led by Blockchain Capital and Dragonfly.| Kif Leswing / CNBC: |
Nvidia reports Q3 revenue down 17% YoY to $5.93B, vs. $5.77B est., including Data Center revenue up 31% YoY to $3.83B and Gaming revenue down 51% YoY to $1.57B — - Nvidia reported fiscal third-quarter results on Wednesday for the period ending in October with sales beating analyst expectations but earnings per share coming in light.| 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
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| Will Feuer / Wall Street Journal: |
| Josh Ye / Reuters: |
| Jay Peters / The Verge: |
| Allison Johnson / The Verge: |