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November 16, 2022, 6:50 PM
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| 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 …
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Protos, Semafor, publication, Bloomberg, Decrypt, Bloomberg, The Boston Globe, CoinDesk, Inside Bitcoins, crypto.news, Bitcoinist.com, and Game Rant
Tweets: @sbf_ftx, @sbf_ftx, @matthuang, @sbf_ftx, @sbf_ftx, @mims, @sbf_ftx, @sbf_ftx, @mrcustomsuit, @sbf_ftx, @zhusu, @cryptovinco, @statelayer, @tara_macaulay, @albrgr, @newsfromscience, @ft__trading, @cz_binance, @tara_macaulay, @statelayer, @rewkang, @andr3w, @epsilontheory, @farokh, @neontaster, @koroushak, @austen, @0xdoug, @fintwit_news, @rwpusa, @paleofuture, @adamscochran, @bitfalls, @runemirqi, @matthuang, @firstadopter, @ldelevingne, @zerohedge, @valueterminal, @adamscochran, @tree_of_alpha, @jason_howerton, @219_eth, @investmentshulk, @pdacosta, @harrygrobertson, @ashleevance, @rager, @gbrl_dick, @prestonjbyrne, @punk6529, @elisamartinuzzi, @andrewtghill, @bitboy_crypto, and @0xfbifemboy
| 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
More:
Vox, Bloomberg, CoinDesk, and New York Post
Tweets: @kelseytuoc, @balajis, @shiraovide, @technology, @goldman, @stevekrak, @velocitywong, @davidkeo, @niubi, @mattzeitlin, @epro, @tomgara, @aosipovich, @daviduberti, and @ceostroff
| 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).
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PYMNTS.com, Astral Codex Ten, New York Post, and Bloomberg
| 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.
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CNN, The Verge, Wall Street Journal, New York Times, CNBC, Financial Times, The Guardian, TechCrunch, BBC, The Hill, NPR, Agence France-Presse, Forbes, Los Angeles Times, PCWorld, WeRSM, Insider, The Block, WRAL TechWire, TheStreet, Mercury News, The Economic Times, The Register, SlashGear, Adweek, Thurrott, Variety, WinBuzzer, Fortune, TechCrunch, Tech Xplore, TheGamer, Axios, Neowin, Bloomberg, Newser, and Gizmodo
Tweets: @gergelyorosz, @donie, @adamndsmith, @zoeschiffer, @paulg, @gergelyorosz, @zoeschiffer, @hopelesssurfer, @paulg, @katies, @mnateshyamalan, @kfury, @faizsays, @tszzl, @moviehooligan, @gergelyorosz, @tante, @can, @kurtwagner8, @migueldeicaza, @zsk, @moorehn, @gergelyorosz, @micsolana, @joshscherr, @hamiltonnolan, @whiteroseafa, @mileskahn, @martinsfp, @jortsthecat, @mmasnick, @stevestreza, @emilygorcenski, @oliviasolon, @rossmccaff, @rottenindenmark, @markaschparody, @davidoatkins, @riptari, @spencerrascoff, @shiraovide, @gergelyorosz, and @liamkircher
| Casey Newton / @caseynewton: |
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New York Times, Platformer, USA Today, and iPhone in Canada Blog
Tweets: @rmac18, @skilldrick, @elonmusk, @gergelyorosz, @thinkingfish, @taylorlorenz, @gergelyorosz, @mikecvet, @caseynewton, and @micsolana
| 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.
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Gemini, TheStreet, tether.to, Decrypt, Livemint, CoinDesk, Bloomberg, newyorkfed.org, Protos, Blockworks, Crunchbase News, Bitcoinist.com, The Daily Hodl, Cointelegraph, CNBC, CoinGape, Fortune, Wall Street Journal, crypto.news, The Information, Crypto Briefing, Wccftech, Quartz, The Verge, Financial Times, and The Block
Tweets: @genesistrading, @gemini, @autismcapital, @dcgco, @grayscale, @fintechfrank, @jasonyanowitz, @gemini, @tree_of_alpha, @lawmaster, @hodlwithledn, @nexo, @grayscale, @pentosh1, @tether_to, @dcgco, @dcgco, @tree_of_alpha, @cryptocevo, @autismcapital, @moonoverlord, @mdudas, @mrjasonchoi, @cobie, @nneuman, @jack_raines, @gurgavin, @adamscochran, @seyitaylor, @mayhem4markets, @blockanalia, @ercwl, @zguz, @satoshiflipper, @jordanschachtel, @prestonjbyrne, @adamscochran, @functi0nzer0, @tree_of_alpha, @nouriel, @dylanleclair_, @gainzy222, @hsakatrades, @blockanalia, @dogetoshi, and @tree_of_alpha
| 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 …
More:
Wall Street Journal, Crypto Daily, and MUO
| 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.| Peter White / Deadline: |
Apple plans to launch its Major League Soccer Season Pass on February 1 for $15/month or $99/season and $13/month or $79/season for Apple TV+ subscribers — Apple has unveiled more plans for its launch of Major League Soccer (MLS). — The streamer has revealed the pricing and launch details …
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Apple, Macworld, Engadget, Above Avalon, TheStreet, TechCrunch, CNET, BGR, Oregonian, MobileSyrup, Atlanta Journal-Constitution, Sportico, Neowin, Adweek, iDownloadBlog.com, PCMag, The Athletic, Six Colors, MacRumors, Trusted Reviews, d2175, WeRSM, iMore, The Streamable, Brotherly Game, AppleInsider, Digital Trends, World Soccer Talk, Sounder At Heart, and The Apple Post
| 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.
More:
Nvidia Newsroom, Reuters, The Information, Ars Technica, SiliconANGLE, TheStreet, iTnews, CNET, Seeking Alpha, Thurrott, and BigTechWire. Tweets: @nvidia
| 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 …
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CISA, Cybersecurity Dive, CNN, The Record, TechCrunch, Federal Computer Week, CyberScoop, DeviceSecurity.io, and GovTech
| 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.
More:
Nvidia Newsroom, Bloomberg, VentureBeat, Reuters, The Block, TheStreet, and Wccftech
| 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 …
More:
U.S. House Committee …, Reuters, TechCrunch, Financial Services Committee, CNBC, Crypto Briefing, Bloomberg, CoinDesk, PYMNTS.com, Decrypt, Bitcoin News, Crowdfund Insider, The Hill, Cointelegraph, and Washington Post
Tweets: @jakesherman, @fscdems, @mikemadden, and @repyoungkim
| 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) …
More:
Terra, JS Held, CryptoSlate, Bitcoin News, Cointelegraph, Crypto Briefing, CryptoPotato, ZyCrypto, and The Block
Tweets: @lfg_org, @punk9059, @riddle245, and @traderrocko
| 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 …
More:
TheStreet. Tweets: @cz_binance, @kris, @kris, @martiniguyyt, @pentosh1, @bitboy_crypto, @evgenygaevoy, @matthew_pines, @jordannovet, @smtuffy, @cnbc, @dylanleclair_, and @jeffnolan
| 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: |
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.
More:
Spread Privacy, BleepingComputer, Ars Technica, and Thurrott
| Financial Times: |
The UK blocks the sale of Newport Wafer Fab to Nexperia, owned by China's Wingtech, on national security grounds and orders Nexperia to divest 86% of Newport — Months of wrangling over chipmaker sees deal with China-owned company thwarted on national security grounds
More:
Bloomberg, Politico, GOV.UK, Reuters, and CNBC
Tweets: @tomboadle, @tomtugendhat, @kprescott, @georgefreemanmp, and @grantshapps
| 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.
More:
The Register, CRN, Financial Times, and MarketWatch
| 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.
More:
Silicon Valley Business …, The Information, Bloomberg, Reuters, Cisco, MarketWatch, and Investing.com
Tweets: @dimartinobooth, @carolmassar, and @danielnewmanuv
| 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.
More:
Matter Labs, Decrypt, TechCrunch, Fortune, and Cointelegraph
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