Techmeme
November 21, 2022, 10:40 AM

Top News

Sunil Jagtiani / Bloomberg:
Crypto prices sink, with bitcoin dropping ~4% to ~$16.1K and ether ~7% to ~$1.1K, dragged down by the FTX saga, hacker offloading ether, and potential contagion  —  Cryptocurrency prices struggled Monday in the ongoing crisis sparked by the downfall of Sam Bankman-Fried's once powerful FTX empire.
Stephanie Murray / The Block:
DCG's Grayscale refuses to share proof of reserves, citing “security concerns”, as Grayscale Bitcoin Trust reaches new lows and DCG's Genesis halts withdrawals  —  Grayscale will not show proof of reserves due to “security concerns,” after its bitcoin and ether products fell to all-time lows this week.
Alex Weprin / The Hollywood Reporter:
Mark Niquette / Bloomberg:
Donald Trump says he sees “a lot of problems at Twitter”, doesn't see any reason to return, and plans to stick to Truth Social  —  Donald Trump said he sees “a lot of problems at Twitter” and will stick to his own social-media platform, offering an initial response to Elon Musk's poll …
Matt Novak / Gizmodo:
Paul Tassi / Forbes:
Twitter's automated copyright strike system appears to be broken, as users upload full movies; some accounts with viral tweets were later suspended  —  While Twitter, the website, remains online and has not simply collapsed after the vast majority of workers were fired or resigned under Elon Musk …
Mark Gurman / Bloomberg:
Elon Musk's changes at Twitter threaten to set up a showdown with Apple and Google over in-app purchases for subscriptions and content moderation issues  —  Elon Musk's plan to turn Twitter into more of a subscription service threatens to set up a showdown with Apple and Google.
Alexa Corse / Wall Street Journal:
Elon Musk's Twitter starts the FIFA World Cup, traditionally one of the platform's busiest periods, with a depleted staff, potentially leading to serious issues  —  Employees have been working for weeks to prepare for the soccer extravaganza, a Twitter executive says
Bloomberg:
Court documents: FTX owes $3.1B to its 50 biggest unsecured creditors, with claims ranging from $21M to $226M; ten claims are over $100M each  —  Sam Bankman-Fried's bankrupt crypto empire owes its 50 biggest unsecured creditors a total of $3.1 billion, new court papers show, with a pair of customers owed more than $200 million each.
New York Times:
Online sports betting companies are cutting big deals with US colleges to promote gambling to students, like Caesars Sportsbook's $8.4M deal with Michigan State  —  In order to reap millions of dollars in fees, universities are partnering with betting companies to introduce their students and sports fans to online gambling.
Washington Post:
US government officials worry over Twitter's potential demise, arguing the platform is one of the most effective emergency communication tools  —  LOS ANGELES — Kate Hutton was watching a Dodgers game one Friday night when she saw something strange in the outfield: The foul poles swayed, her TV feed trembled.
Maria Deutscher / SiliconANGLE:
Meta rolls out its Precision Time Protocol to its data centers, upgrading on the Network Time Protocol, aiming to sync its networks down to nanoseconds  —  Meta Platforms Inc. today detailed an internal initiative years in the making that focused on upgrading its data centers' timing protocol …
More: DCD and Meta

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