Techmeme
December 6, 2022, 12:30 PM

Top News

Matt Levine / Bloomberg:
Unpacking the 2022 crypto credit crisis and its parallels with the 2008 financial crisis by analyzing Three Arrows Capital's collapse, FTX's implosion, and more  —  The crypto financial crisis of 2022  —  Apparently the way it works is that if you blow up a big crypto firm …
Financial Times:
A spreadsheet SBF used in November claims nearly 500 alleged VC investments by Alameda, including in Circle, Genesis, Sky Mavis, Paxos, StarkWare, and Anchorage  —  A look inside Sam and Caroline's grab-bag of crypto, etc.  —  As well as running a crypto exchange that didn't exchange crypto …
Joshua Oliver / Financial Times:
Filing: US bank Silvergate confirms processing wire transfers for traders on Alameda, claiming to have conducted “extensive due diligence” on FTX and Alameda  —  Federal Reserve-regulated company says it performed ‘significant due diligence’ on FTX and Alameda Research
Brad Smith / Wall Street Journal:
Microsoft's president discusses the FTC reportedly blocking the Activision Blizzard acquisition and says the company offered Sony a 10-year Call of Duty deal  —  Far from harming competition, it'll allow us to compete against more powerful companies through innovation.
Rebekah Valentine / IGN:
Jon Porter / The Verge:
Google brings continuous scrolling to desktop search in English in the US, loading six pages of results, after a similar change on mobile in October 2021  —  Google's search results on desktop will load in a continuous scroll instead of dividing into pages, the company has announced.
Financial Times:
TSMC plans to more than triple its Arizona investment to $40B, building a fab for 3nm chips, set to open in 2026, and making 4nm chips in its fab for 5nm chips  —  President Biden to hail Taiwanese chipmaker's second plant as boost for US manufacturing  —  Taiwan Semiconductor Manufacturing Company …
Adi Robertson / The Verge:
Meta's Oversight Board releases a report on the controversial cross-check moderation system, citing “shortcomings” and calling for “radically” more transparency  —  Meta's Oversight Board has released an in-depth report on Facebook and Instagram's controversial cross-check system …
Tim Hardwick / MacRumors:
Apple launches its Self Service Repair program in Belgium, France, Germany, Italy, Poland, Spain, Sweden, and the UK, the first expansion outside the US  —  Apple today announced it has launched its self-service repair program in Europe, extending the program beyond the United States for the first time.
Aaron Holmes / The Information:
Sources: Microsoft recently considered building a “super app” combining shopping, messaging, search, news, and other services, drawing inspiration from WeChat  —  Microsoft recently considered building a “super app” that could combine shopping, messaging, web search …
Rachael Levy / Reuters:
Sources: the US Department of Agriculture is investigating Neuralink for potential animal welfare violations after staff complaints over rushed animal testing  —  Elon Musk's Neuralink, a medical device company, is under federal investigation for potential animal-welfare violations amid …
Reuters:
Goldman Sachs plans to spend tens of millions of dollars to buy or invest in crypto companies after FTX's collapse hit valuations and dampened investor interest  —  Goldman Sachs (GS.N) plans to spend tens of millions of dollars to buy or invest in crypto companies after the collapse …
Sam Schechner / Wall Street Journal:
Sources: EU privacy regulators rule that Meta's TOS should not require that users agree to personalized ads based on their online activity; Meta can appeal  —  EU privacy regulators say Facebook and Instagram shouldn't use their terms of service to require users to accept ads based on their digital activity
Sam Altman / @sama:
Sam Kessler / CoinDesk:
After criticism from users, ConsenSys revises MetaMask's data collection practices, including stopping logging IP addresses directly alongside transaction data  —  ConsenSys clarified its data sharing practices and said it will rebuild MetaMaks' settings page to address user concerns.
Manish Singh / TechCrunch:
Telegram CEO Pavel Durov says Telegram Premium passed 1M subscribers since its June 2022 launch; the monthly subscription costs $5 in the US and £5 in the UK  —  Telegram Premium has amassed over 1 million subscribers, less than six months after the popular instant messaging app launched …
Jon Swartz / MarketWatch:
Meta threatens to consider removing news from its apps if Congress passes Senator Klobuchar's “ill-considered” Journalism Competition and Preservation Act  —  Bill would allow news organizations to band together to negotiate for a larger share of online advertising revenue
Steven Levy / Wired:
A look at Tony Fadell's new Ledger Stax crypto hardware wallet with an E Ink touchscreen, manufactured by Foxconn for Ledger and debuting on December 6 for $279  —  The product guru made Ledger's new hardware wallet—a tiny vault for digital cash—flashy and fun.  Plus, with this gadget you'll never get FTX'd.
Financial Times:
Sources: the UK Treasury finalizes expanded crypto regulation plans, including letting the FCA restrict how companies run and advertise, after FTX's implosion  —  Implosion of FTX injects fresh urgency into government's pledge to impose order  —  The Treasury is finalising plans for a package …

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Pranav Dixit / BuzzFeed News: