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November 17, 2022, 2:40 PM
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| Jack Schickler / CoinDesk: |
Filings: FTX CEO John Ray III, who ran Enron's bankruptcy process, slams SBF's “unprecedented” management, describing a “complete failure of corporate controls” — The former FTX CEO's unconventional style is under the spotlight as bankruptcy professionals pore over the exchange's collapse.
More:
Bankruptcy Court for the District of Delaware, Associated Press, Decrypt, SiliconANGLE, Axios, CNBC, Financial Times, The Guardian, New York Post, CNET, Financial Times, Associated Press, Barron's Online, Observer, CNBC, VICE, Ethereum World News, Semafor, Blockworks, CryptoSlate, New York Times, Insider, Insider, Reuters, MarketWatch, Cointelegraph, NewsBTC, Bloomberg, Wall Street Journal, The Block, and Decrypt
Tweets: @kadhim, @kadhim, @kadhim, @dogetoshi, @deitaone, @wassielawyer, @kadhim, @kadhim, @zerohedge, @tadleer, @ftx_official, @suzhupercycle, @croesus_btc, @tracyalloway, @ldrogen, @ldrogen, @opinion, @fmanjoo, @jp_koning, @kadhim, @kadhim, @kadhim, @kadhim, @dingalingts, @robaeprice, @simondixontwitt, @turnernovak, @tree_of_alpha, @hedgedhog7, @sindap, @nathantankus, @ne0liberal, @dylanleclair_, @danbarker, @smtuffy, @newmoneyreview, @gazthejourno, @bondhack, @sherlock_hodles, @lizrhoffman, @coloradotravis, @rnr_0, @jyarow, @chris_stewart_5, @rleshner, @investmentshulk, @beijingpalmer, @0xgaut, @mayazi, @apolynya, @z0r0zzz, @coloradotravis, @thetranscript_, @simondixontwitt, @scottmelker, @flglmn, @kaileyleinz, @shaneferro, @ceterispar1bus, @mattyglesias, @spencerjakab, @jonwu_, @martiniguyyt, @stackersatoshi, @mayazi, @dogetoshi, @robinsreport, @gaborgurbacs, and @twobitidiot
| Kelsey Piper / Vox: |
A chat via DM with SBF on why regulators “make everything worse”, FTX's and Alameda's “messy accounting”, why he regrets filing for bankruptcy, ethics, and more — The fallen crypto CEO on what went wrong, why he did what he did, and what lies he told along the way.
More:
Bloomberg, Wall Street Journal, New York Post, BBC, Washington Post, Gizmodo, CoinDesk, Protocol, Finextra, Watcher Guru, Bitcoinist.com, Axios, Inside Bitcoins, New York Times, Financial Times, CoinGape, Insider, Bitcoin News, and PYMNTS.com
Tweets: @sbf_ftx, @davidsacks, @ftx_official, @elonmusk, @ftx_official, @sbf_ftx, @sbf_ftx, @sbf_ftx, @autismcapital, @sama, @krugermacro, @sbf_ftx, @unusual_whales, @hsakatrades, @s_r_constantin, @autismcapital, @quantian1, @parismartineau, @ftx_official, @zackbeauchamp, @albrgr, @kadhim, @zeeshanaleem, @unusual_whales, @kadhim, @autismcapital, @trungtphan, @kimdotcom, @biancoresearch, @obsoletedogma, @vusithembekwayo, @mattzeitlin, @cryptokaleo, @nickatfp, @vivekgramaswamy, @stoolpresidente, @simondixontwitt, @mrjasonchoi, @jonathanvswan, @hsakatrades, @chainlinkgod, @lemieuxlgm, @wholemarsblog, @jason_howerton, @lilmoonlambo, @jespow, @shellenbergermd, @simondixontwitt, @timnitgebru, @pebonilla, @netcapgirl, @samharrisorg, @kashhill, and @justinwolfers
| Tracy Alloway / Bloomberg: |
The wildest parts from FTX's bankruptcy filing: token holdings are worth $659K, Alameda loaned SBF over $3.3B, SBF auto-deleted important messages, and more — Lawyers for the bankrupt crypto exchange FTX filed today in Delaware, asking a federal judge to transfer a competing bankruptcy case filed …
More:
The Verge, Ars Technica, CoinDesk, Cointelegraph, TechCrunch, CNBC, CoinDesk, Decrypt, Semafor, Watcher Guru, CoinDesk, CNBC, and TheStreet
Tweets: @grdecter, @silviakillings, @wublockchain, @adamscochran, @grdecter, @apedurden, @collins_belton, @mideastxmidwest, @zerohedge, @jessicakmathews, @zerohedge, @asvanevik, @apompliano, @hsakatrades, @stephanie_murr, @alice_fulwood, @pizzawanchovies, @grdecter, @alice_comfy, @basedkarbon, @venturecoinist, @s_m_i, @adamscochran, @0xdoug, @stackersatoshi, @shannonpareil, @tomgara, @meattc_, @whet, @tomgara, @saylor, @coinmamba, @0xdoug, @ericwallerstein, @jamespmcleod, @lilmoonlambo, @apompliano, @apedurden, @crypto_joe10, @ericwallerstein, and @tomgara
| Adam Cochran / @adamscochran: |
More:
TheStreet. Tweets: @basedkarbon, @kadhim, @doombergt, @adamscochran, @adamscochran, @benedictspence, @adamscochran, @adamscochran, @loopifyyy, and @rockshrimp
| Wall Street Journal: |
Sources: Meta has fired or disciplined over 24 employees and contractors over the past year for allegedly taking over user accounts, in some cases for bribes — Some workers allegedly accepted thousands of dollars in bribes — Meta Platforms Inc. META -2.31%decrease …
More:
Engadget, The Verge, PetaPixel, and CNBC
Tweets: @mattnavarra, @tonyajoriley, @jmover, @fabiochiusi, @tonyromm, @jason_kint, and @seyitaylor. Thanks:@sal19
| Tony Romm / Washington Post: |
Congress, slow to pass legislation and offer clear regulations on crypto, wakes up to FTX's collapse as lawmakers wonder if they could have prevented the crisis — The stunning collapse of the world's third-largest exchange has forced politicians to grapple with the costs of legislative inaction
More:
The Block, The Block, Payments Dive, The Block, The Block, The Daily Beast, Politico, Reuters, and CNN
Tweets: @concodanomics, @cgasparino, @adamscochran, @robblackwellab, @sentoomey, @jordanschachtel, @mikemadden, @matthewstoller, @smtuffy, @zachary, @hshaban, @matthewstoller, @senwarren, @adamscochran, @repyoungkim, @johnedeaton1, @rwpusa, @nkulw, @jenniferisms, @tonyromm, @tonyromm, and @cryptolawus
| Kris Holt / Engadget: |
Microsoft rolls out Discord voice chat integration to all Xbox users after an Insiders test; PlayStation will reportedly get deeper Discord integration in 2023 — Microsoft is now rolling out the Xbox November update, which includes a heap of useful features.
More:
Xbox Wire, XDA Developers, GameSpot, OnMSFT.com, Mashable, KnowTechie, and MSPoweruser
Tweets: @xbox and @klobrille
| Bloomberg: |
NetEase and Blizzard plan to end their 14-year partnership after January 2023, leaving Chinese players' access to games like Warcraft and Overwatch in question — NetEase Inc. and Blizzard Entertainment Inc. plan to end their 14-year partnership after January, depriving the Chinese firm …
More:
LinkedIn, Reuters, Blizzard Entertainment, ZDNet, Game Developer, Windows Central, GamesIndustry.biz, New York Times, Wall Street Journal, TechCrunch, CNBC, IGN, The Verge, Polygon, Kotaku, GameSpot, VICE, Rock, Paper, Shotgun, Financial Times, Pandaily, Nikkei Asia, Gameranx, Tech in Asia, BBC, TechSpot, Destructoid, and Forbes
Tweets: @tomwarren, @byron_wan, @wario64, @tomwarren, @therealjoshye, @overwatchcaval, @lmatsakis, and @6d6f636869
| Mitchell Clark / The Verge: |
An update to About Twitter Blue page shows it won't let accounts less than 90 days old sign up for Blue when the service relaunches, probably on November 29 — Twitter won't let accounts less than 90 days old sign up for its Blue subscription service when it relaunches (presumably on the 29th) … | Jon Porter / The Verge: |
Meta launches its company directory on WhatsApp's Business Platform in Brazil, the UK, Indonesia, Mexico, and Colombia after a September 2021 pilot in São Paulo — WhatsApp is officially launching a new business directory feature across Brazil, the UK, Indonesia, Mexico, and Colombia.| Aisha Malik / TechCrunch: |
Google announces updates to Search, to help users find dishes near them, Maps, with an expanded Live View, and Shopping, adding AR tools for makeup matching — Google announced today that it's introducing a slew of new Maps, Search and Shopping features. The company revealed majority …
More:
The Keyword, Android Authority, The Verge, CNBC, The Keyword, Engadget, Search Engine Land, 9to5Google, 9to5Google, The Verge, and Mashable
| Sam Goldfarb / Wall Street Journal: |
Coinbase's stock is down ~80% in 2022, shrinking its market cap from $81B at its IPO to ~$11B, as the broader crypto market drops and investors lose confidence — Prices of exchange's bonds and stock reflect anxieties after collapse of rival FTX and sharp declines in bitcoin| Annie Palmer / CNBC: |
Docs: Amazon offers some staff “voluntary severance” to cut costs beyond its layoffs; staff must resign by November 29 and their last day would be December 23 — - Amazon sent out “voluntary severance” offers to some employees this week as it looks for ways to rein in costs beyond the massive layoffs already announced.
More:
Gizmodo, Wall Street Journal, and Game Rant
| Thomas Germain / Gizmodo: |
Facebook will remove religious and political views, addresses, and “Interested in” field, which indicates sexual preference, from user profiles on December 1 — The update to the world's biggest social network will prevent you from broadcasting certain details in your bio, a farewell to the early days of social media.| Jon Victor / The Information: |
Sources: in May 2022, Google asked managers to categorize 6% of employees, or ~10,000 people, as low performers under its new review system, up from 2% before — As layoffs spread across Silicon Valley, Google has stood out by not cutting employees so far.
Tweets: @joshuaogundu
| Financial Times: |
OnlyFans plans to let creators sell merchandise to their viewers by linking their pages to an online store in partnership with e-commerce platform Spring — Social network will allow content creators to sell merchandise directly to their viewers — Content creators on OnlyFans will be able … | Sharon Goldman / VentureBeat: |
Intel unveils FakeCatcher, a web-based real-time deepfake detector that analyzes the subtle “blood flow” in video pixels; the company claims a 96% accuracy rate — On Monday, Intel introduced FakeCatcher, which it says is the first real-time detector of deepfakes — that is … | Russell Brandom / The Verge: |
An analysis of 22K US broadband bills shows issues like a higher average cost than in Europe at ~$75/month, most have no carrier choice, bogus charges, and more — The Verge and Consumer Reports collected 22,000 internet bills to find out how Americans are getting online. They paint an ugly picture.
More:
Washington Post, CR Advocacy, Consumer Reports, Gizmodo, Consumer Reports, and CNET
Tweets: @meghann and @russellbrandom
| Manish Singh / TechCrunch: |
Meta appoints Sandhya Devanathan as the head of its India business, starting on January 1, after several high-profile departures; Devanathan joined Meta in 2016 — Meta has appointed Sandhya Devanathan as the new head of its India business following several high-profile departures in the key overseas market.
More:
Moneycontrol, Adweek, The Economic Times, Livemint, Inc42 Media, Meta, Hindustan Times, Livemint, Reuters, ThePrint, Entrackr, The Economic Times, MediaNama, and Moneycontrol
| Mike Wheatley / SiliconANGLE: |
Astera Labs, a fabless semiconductor startup that offers system-aware integrated circuits, boards, and services, raised a $150M Series D at a $3.15B valuation — Semiconductor design firm Astera Labs Inc. claims to have hit a number of key milestones after closing on a bumper $150 million late-stage round …
More:
Crunchbase News, Silicon Valley Business …, and Reuters
| Reuters: |
Sources: SoftBank sells a 4.5% stake in Paytm, or 29.35M shares, for $200M, causing Paytm stock to drop 10%+; Vision Fund was Paytm's second-largest shareholder — SoftBank Group Corp (9984.T) on Thursday sold a 4.5% stake in Indian digital payments giant Paytm (PAYT.NS) … | Mack DeGeurin / Gizmodo: |
US House Select Subcommittee investigation: ID.me made “baseless claims” of COVID-19 unemployment fraud “to increase demand” for its ID verification services — A seven month-long investigation accuses the biometric firm of providing misleading figures …
More:
Bloomberg, Associated Press, Heritage Foundation, Technical.ly, Reuters, and Politico
| Pew Research Center: |
A survey of US teens on social media: 80% feel closer to friends, 71% like showing creativity, 59% think its impact is neutral, and 38% are overwhelmed by drama — Majorities of teens credit social media with strengthening their friendships and providing support while also noting the emotionally charged side of these platforms
More:
Mercury News and New York Times
Tweets: @keccers, @pewresearch, @pewresearch, @adamkovac, @lrainie, @adamkovac, @lrainie, @lrainie, and @mattnavarra
| Michael McSweeney / The Block: |
The Australian Securities Exchange drops its blockchain project announced in 2017 to replace its settlement and clearing system, causing a $165M-$172M write-off — - The Australian Securities Exchange (ASX) is dropping a long-in-the-making blockchain-powered replacement for its CHESS settlement and clearing system.
More:
Australian Financial Review, ASIC Home | ASIC, and Blockworks
Tweets: @markdistef, @berthon_jones, @rohan_p, @izakaminska, @annairrera, @phenrikand, and @cameronwilson
| Meir Orbach / CTech: |
Sources: Palo Alto Networks plans to acquire Cider Security, which helps identify security risks in DevOps pipelines, for $200M in cash and $100M in stock — The startup, which develops an AppSec operating system, will receive $200 million in cash and $100 million in Palo Alto stock
More:
TechCrunch, SiliconANGLE, and BankInfoSecurity.com
| Ingrid Lunden / TechCrunch: |
Spot AI, which offers a cloud-based analytics system to “read” security footage and offer insights, raised a $40M Series B, bringing its total funding to $62M — CCTV and other kinds of security cameras have a strong big brother vibe, but for many of us that may be because we …
More:
Forbes
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