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December 6, 2022, 12:30 PM
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| 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 …
More:
The Block, Bitcoinist.com, Wccftech, crypto.news, and CoinGape
| 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 …
More:
CoinGape. Tweets: @lawmaster, @forculus, @mattwalshinbos, @0xmert_, @ldrogen, @ldrogen, @tophcoins, @drnicka, @timccopeland, @george_harrap, @arthur_0x, @tree_of_alpha, @tradermercury, @whalecointalk, @gf_256, @wublockchain, @brhnkcby61, @mayazi, @adamscochran, @adamscochran, @lawmaster, @hsakatrades, @defiyst, @tier10k, @tree_of_alpha, @blockworks_, @jackfarley96, @altcoingordon, @kadhim, and @tier10k
| 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
More:
NBC News, SEC.gov, The Block, CoinDesk, Decrypt, The Block, and Cointelegraph
Tweets: @katie_martin_fx, @eliotwb, @eliotwb, @jcoviedo6, @hkanji, @eliotwb, @wublockchain, and @mktwgoldstein
| 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.
More:
The Hill, CNBC, TechSpot, Pocket-lint, KitGuru, Coinspeaker, MSPoweruser, TrueAchievements, FOSS Patents, Gameranx, Wccftech, and Appuals.com
Tweets: @bradsmi, @charlieintel, @profwrightgmu, @parismarx, @cwaunion, @logmey92, @carlquintanilla, @jongraywb, @uniglobalunion, and @benedictevans
| Rebekah Valentine / IGN: |
More:
ExtremeTech, OnMSFT.com, TechRadar, Pocket-lint, and Push Square
Tweets: @alexhern, @wario64, @ohnoitsalexx, @infrarogue89, @moatxsx, @stephentotilo, @thenintendofeed, @zhugeex, @stephentotilo, @benjisales, and @vicious696
| 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.
More:
9to5Google, Search Engine Land, XDA Developers, Thurrott, Macworld, Engadget, Pocket-lint, BigTechWire, SlashGear, Digit, TechCrunch, Search Engine Roundtable, SamNews 24, BGR, and MacRumors
Tweets: @google, @carnage4life, @bdsams, @thevunderkind, @moraitakis, @sub8u, @tonyw, and @championswimmer
| 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.
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Apple, TechCrunch, Appleosophy, PCMag, ZDNet, BBC, Tom's Hardware, City A.M., iPhone Hacks, iPhone in Canada Blog, The Mac Observer, iDownloadBlog.com, Redmond Pie, WinBuzzer, AppleInsider, 9to5Mac, Digital Photography Review, Cult of Mac, XDA Developers, Pocket-lint, BetaNews, Neowin, The Verge, Bloomberg, T3, Patently Apple, The Guardian, Engadget, and iMore. Tweets: @waxeditorial
| 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 …
More:
PYMNTS.com, AppleInsider, MacRumors, Reuters, 9to5Mac, and The Verge
Tweets: @martinsfp, @nihalmehta, @mhbergen, and @shiraovide
| 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 …
More:
MarketWatch, Gizmodo, Insider, The Hill, The Verge, The Information, Fortune, CoinGape, Sky News, Daily Mail, Digit, The Daily Beast, Forbes, Watcher Guru, and Mashable
Tweets: @rachael_levy, @marionawfal, @thephilosotroll, @green_footballs, @realspikecohen, @paraschopra, @avi_bueno, @ct_bergstrom, @robertskvarla, @mattbinder, @bradheath, @ct_bergstrom, @rachael_levy, @rachelmetz, @rafaelshimunov, @wallstreetbets, @rafaelshimunov, @unusual_whales, @reuters, @mattbc, @parismarx, @avi_bueno, @shalingala, @politicussarah, @jasonleopold, @avi_bueno, and @rafaelshimunov
| 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 …
More:
Finextra, CoinDesk, PYMNTS.com, NewsBTC, CoinGape, Coinspeaker, crypto.news, CryptoPotato, and Cointelegraph
Tweets: @epro, @thousandbtc, @pastore1314, and @0x_malcolm
| Josh Eidelson / Bloomberg: |
The NLRB finds that Apple illegally interfered with union organizing in Atlanta by interrogating workers and making them attend daily anti-union meetings — US labor board prosecutors have determined that Apple Inc. violated federal law by interrogating and coercing employees in Atlanta …
More:
Macworld, 9to5Mac, Philip Elmer‑DeWitt, iThinkDifferent, and Engadget. Tweets: @flaggedfordepot
| 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
More:
noyb.eu, Engadget, TechCrunch, Reuters, Brookings, and edpb.europa.eu
| Sam Altman / @sama: |
OpenAI CEO Sam Altman says ChatGPT crossed 1M users in five days and the company will monetize the tool eventually as the compute costs are “eye-watering” — ChatGPT launched on wednesday. today it crossed 1 million users!
More:
BleepingComputer, Washington Post, Rozado's Visual Analytics, Platformer, Skift, MIT Technology Review, Metaverse Post, Tech in Asia, CNET, Silicon Republic, Hello Universe, and TechCircle
Tweets: @sama, @sama, @mhiggins, @michaelmartocci, @michlbrmly, @anothercohen, @sama, @elonmusk, @razibkhan, @kyleofthecorn, and @barret_zoph
| 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.
More:
ConsenSys, The Block, Blockworks, Decrypt, Fortune, Cointelegraph, and CoinGape
Tweets: @metamask, @consensys, @metamask, @metamask, @metamask, @consensys, @infura_io, and @wublockchain
| 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
More:
Financial Times, Axios, Insider, PetaPixel, San Francisco Business Journal, Mercury News, Coinspeaker, MediaNama, TechCircle, and The Register
| John Seabrook / New Yorker: |
How a young generation of musicians use TikTok, amassing huge followings but making little money, while some older musicians remain opposed to the platform — The social-media platform is transforming the music industry. Is that a good thing? … In December, 2020, after spending nine months …
Tweets: @flomachinenews, @danishacarter4, and @newyorker
| 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.
More:
CoinDesk, Reuters, TechCrunch, Ledger, The Block, Ethereum World News, Fortune, Cointelegraph, Bitcoin Magazine, CoinGape, and CNBC
Tweets: @stevenlevy, @ledger, @ledger, @ledger, and @ledger
| Wall Street Journal: |
Sources: the US-TikTok national security deal faces further delays as US officials fret over the app's risks; both sides agree Oracle will host TikTok's US data — Officials and executives had hoped for year-end deal to address national-security concerns over social-media platform
More:
Associated Press, National Review, The Hill, Journal Sentinel, and Android Headlines
Tweets: @stuwoo and @drewharwell
| 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 …
More:
CoinDesk, Coinspeaker, Bitcoinist.com, The Block, Cointelegraph, ExchangeWire.com, crypto.news, Bloomberg, and Watcher Guru
Tweets: @smdiehl, @matthewstoller, @martincloake, @davidheniguk, @mc_of_a, and @thestalwart
| Mary Ann Azevedo / TechCrunch: |
Robinhood opens a waitlist for Robinhood Retirement, claiming zero minimums and the “first and only” IRA with a 1% match on every eligible dollar contributed — Fintech says its will offer a 1% match on every eligible dollar contributed to its IRAs — Retail trading app Robinhood is entering the retirement game.
More:
Associated Press, Under the Hood, Fortune, FinSMEs, and Crowdfund Insider
| Aisha Malik / TechCrunch: |
Snapchat partners with Adidas to launch a Bitmoji Fashion Drop, giving users a limited time to buy an item they can only acquire with Snap Tokens, a first — Snapchat announced today that it's partnering with Adidas to launch a new Bitmoji Fashion Drop, giving users access to exclusive merchandise.| Sergiu Gatlan / BleepingComputer: |
Rackspace confirms a ransomware attack caused an ongoing outage to its hosted Microsoft Exchange services, but its other products are fully operational — Texas-based cloud computing provider Rackspace has confirmed today that a ransomware attack is behind its ongoing Hosted Exchange outage.Sponsor Posts
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Tweets: @anmolm_, @eacrunden, @pranavdixit, @anildash, @pranavdixit, and @pranavdixit