Techmeme
December 10, 2022, 6:35 AM

Top News

Sara Fischer / Axios:
Sources: LLCs tied to the CEO of crypto news site The Block secretly received $43M in Alameda loans, used in part to buy and run the site; CEO has now resigned  —  The Block, a media company that says it covers crypto news independently, has been secretly funded for over a year with money funneled …
More: The Block, The Block, CoinDesk, TechCrunch, The Economic Times, Crypto Daily, The Crypto Basic, Bitcoinist.com, Crypto Briefing, Bitcoin News, BTC Times, Crypto Adventure, The Information, Insider, The Verge, crypto.news, CoinGape, Watcher Guru, Web3 is going just great, CryptoSlate, and Cointelegraph
Bloomberg:
Source: the US DOJ is preparing a possible fraud case against Sam Bankman-Fried and others, examining cash flows to the Bahamas around FTX's bankruptcy filing  —  US prosecutors, laying the groundwork for a potential fraud case against Sam Bankman-Fried and others involved in the collapse …
Matthew Goldstein / New York Times:
SBF agrees to testify before a House committee on December 13 but remains quiet about a request from a Senate committee, which could issue a subpoena  —  The FTX founder said on Twitter he would appear before a House committee next week, but was quiet about a similar request from a Senate committee.
Emily Nicolle / Bloomberg:
Kurt Wagner / Bloomberg:
More: The Atlantic, Insider, What Is Really Going On, Gizmodo, MobileSyrup, and MindWar
Julia Shapero / The Hill:
Nick Turner / Bloomberg:
New York Times:
The FTC will face hurdles to block Microsoft's Activision deal, as courts are skeptical of vertical merger challenges where two companies don't compete directly  —  Ms. Khan, the chair of the Federal Trade Commission, has staked an ambitious trustbusting agenda on a case that may be difficult to win.
Derek Gatopoulos / Associated Press:
Lawmakers in Greece approved a legislation banning commercial spyware after the government of Prime Minister Kyriakos Mitsotakis was accused of surveillance  —  Lawmakers in Greece on Friday approved legislation banning commercial spyware and reforming rules for legally-sanctioned wiretaps …
Nick Baker / CoinDesk:
Auditing firm Mazars says Crypto.com users' crypto assets are fully backed one-to-one, after vouching for a similar proof-of-reserves report from Binance  —  The examination was done by auditing firm Mazars.  —  Crypto.com released proof-of-reserves data from auditing firm Mazars Group …

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Earlier Picks

Chance Miller / 9to5Mac:
Cecilia D'Anastasio / Bloomberg:
Tim Bradshaw / Financial Times: