Techmeme
November 30, 2022, 11:35 AM

Top News

Marco Quiroz-Gutierrez / Fortune:
In an interview, SBF claims he donated about the same amount to both parties in 2022 but the GOP donations were “dark” money, discusses Alameda, FTT, and more  —  Sam Bankman-Fried's donations to Democrats are well documented.  In an interview released Tuesday …
Financial Times:
Interviews detail FTX and SBF's lavish spending, aided by minimal internal controls, including $300M+ on Bahamas real estate and chartering Amazon deliveries  —  When crypto exchange FTX moved its headquarters to the Bahamas from Hong Kong last year, employees discovered that Amazon did not deliver to the island.
Gregory Zuckerman / Wall Street Journal:
Sources detail Alameda's early years, starting in fall 2017, as SBF shrugged off concerns about risky investments, leading several employees to quit in 2018  —  ‘We ended up not really knowing how much money we even had,’ one former employee says  —  Why FTX Picked the Bahamas, and What Happens Now to the Crypto Hub
Juliana Liu / CNN:
Chinese state media: a five-day COVID-19 lockdown in Zhengzhou, home to Foxconn's iPhone plant, has been lifted; an analyst says disruptions cost Apple $1B/week  —  Hong Kong CNN Business —  The central Chinese city of Zhengzhou, home to the world's largest iPhone factory …
Manish Singh / TechCrunch:
The European Central Bank says that bitcoin is “rarely used for legal transactions” and is on the “road to irrelevance”, without citing any strong data points  —  European Central Bank officials alleged on Wednesday that bitcoin is “rarely used for legal transactions …
Platformer:
Sara Dorn / Forbes:
Republicans Ron DeSantis, Ken Buck, Mike Lee, Marsha Blackburn, and others mention legislative action to curb Apple's app market power after Elon Musk's tweets  —  Florida Gov. Ron DeSantis (R) on Tuesday joined a growing chorus of Republicans criticizing Apple after Twitter owner Elon Musk claimed …
Yogita Khatri / The Block:
Binance acquires Japan-based licensed exchange Sakura Exchange BitCoin for an undisclosed sum, the exchange's re-entry to Japan and first license in East Asia  —  - Binance has entered Japan by acquiring the locally licensed exchange Sakura Exchange BitCoin (SEBC).  — The terms of the deal were not disclosed.
Jackie Davalos / Bloomberg:
Memo: DoorDash plans to lay off around 1,250 employees, aiming to curb expenses; sources say that represents around 6% of its workforce  —  DoorDash Inc. is cutting about 1,250 jobs to rein in expenses, acknowledging that a rapid expansion during the pandemic boom has led to mounting losses.
Ariel Shapiro / The Verge:
Spotify releases Wrapped 2022 for users, adding a “music personality” feature, and says Joe Rogan, Emma Chamberlain, and others were its top podcasters  —  Spotify Wrapped is here, and with it, a slew of year-end charts, data, and graphics ripe for sharing.
Financial Times:
A look at China's growing interest in the open-source Risc-V chip architecture after US sanctions, including enlisting Alibaba and Tencent to help design chips  —  Chinese government steps up push to use Risc-V in move aimed at boosting domestic production of semiconductors
Emily Nicolle / Bloomberg:
Emboldened by FTX's collapse, the disgraced founders of Terra, Celsius, and Three Arrows Capital have reemerged, offering their thoughts on SBF, FTX, and more  —  Welcome to Bloomberg Crypto, our twice-weekly look at Bitcoin, blockchain and more.  If someone forwarded this to you, sign up here.
Olivia Carville / Bloomberg:
A look at TikTok's role in spreading the “blackout challenge”, leading some kids to choke themselves to death, as critics say the company could be doing more  —  “Sissy's tangled!”  —  The 5-year-old boy's panicked cries echoed down the hallway of the Arroyos' three-bedroom clapboard house in Milwaukee.
Christiana Loureiro / The Block:
IBM and Maersk plan to shutter their blockchain supply chain service TradeLens, launched in 2018, in Q1 2023; Maersk blames a lack of industry collaboration  —  - The companies made a viable platform but couldn't get a global collaboration going.  —  Danish shipping company Maersk and IBM …
Annie Lowrey / The Atlantic:
A look at Black American crypto investors, many of whom bought in near the top, as the market declines from its 2021 peak and some lose significant sums  —  Two years ago, a Maryland-based information-technology specialist—who asked to remain anonymous for reasons that will become apparent in a minute …
Kristin Majcher / The Block:
Brazil's Chamber of Deputies has approved a longstanding crypto bill defining digital assets and their service providers; bill now requires president's approval  —  - Brazil's chamber of deputies finally approved a long-awaited crypto regulation bill.  — The bill could now go to Brazilian President Jair Bolsonaro for approval.
The Intercept:
Some prominent antifascist organizers and journalists have had Twitter accounts suspended in the past week, after right-wing operatives appealed to Elon Musk  —  Elon Musk claims to be “fighting for free speech in America” but the social network's new owner appears to be overseeing a purge of left-wing activists from the platform.

Sponsor Posts

Tribe AI:
Is AI just hype?  —  Find out how top enterprises use Tribe to get real business results.
Techmeme Leaderboards:
Discover the top reporters on AI, VR, policy, and much more  —  We've analyzed Techmeme's news crawl to identify the most influential and prolific writers on 48 news topics.  Download reports immediately for just $100.
Zoho:
All new Zoho Workerly 2024  —  Staffing businesses around the world face a unique set of challenges when it comes to managing their temporary workforce.  With a constantly shifting job market and changing staffing needs …
Comprehensive.io:
Browse salary data from 3,000 startups for free  —  Click for FREE, immediate access to real-time compensation benchmarking data.  Paid version helps HR automate comp reviews and communicate total compensation to employees.
The Kevin Rose Show:
Henry Shukman, Lessons from an Authentic Zen Master
Gain unconventional wisdom and insights through conversations with top expert in AI, investing, wellness, technology, and culture.
Techmeme Ride Home:
Thu. 03/28 - Claude 3 Opus Surpasses GPT-4 For The First Time
The day's tech news, every day at 5pm ET. Fifteen minutes and you're up to date.
Subscribe via Apple Podcasts, Spotify, or RSS.
 

About This Page

This is a Techmeme archive page. It shows how the site appeared at 11:35 AM ET, November 30, 2022.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

More News

CNBC:

Earlier Picks