January 11, 2023, 2:10 PM

Top News

Bankruptcy hearing: FTX has recovered $5B+ so far, excluding $425M held by the Bahamas or “illiquid cryptocurrency tokens”; FTX's Alameda credit line was $65B  —  The announcement substantially raises the total FTX has recovered since filing for bankruptcy last year but it's still short of what customers are owed in total.
Financial Times:
Court documents: Sam Bankman-Fried invested $20M in Paradigm's $2.5B Paradigm One fund in late 2021, before the fund then invested in FTX and FTX US  —  Court documents shed light on Sam Bankman-Fried's circular transactions  —  Sam Bankman-Fried invested $20mn in a large venture capital fund …
Jeremy Hill / Bloomberg:
The FAA says normal air traffic is “resuming gradually” across the US after its Notice to Air Missions system failed; FlightAware: 5,400+ flights were delayed  —  U.S. flights were slowly beginning to resume departures and a ground stop was lifted after the Federal Aviation Administration …
More: New York Times, Bloomberg, Federal Aviation Administration, Sky News, The Register, CNN, CNBC, SiliconANGLE, The Hill, MarketWatch, Gizmodo, Silicon Valley Business …, DCD, Washington Post, NPR, Computerworld, Associated Press, Data Center Knowledge, CNN, Washington Post, Axios, Wall Street Journal, CIO Dive, ZDNet, Federal Computer Week, Semafor, ABC News, Insider, SecurityWeek,, Livemint, NBC News, Beyond Search, Fox Business, Ars Technica, Wall Street Journal, Fortune, Bloomberg, VICE, The Guardian, TechCrunch,, UK Aviation News,, Mediaite, New York Post, Forexlive, Financial Times, HuffPost UK, ITV News, Deadline, PCMag, TIME, Engadget, The Verge, The Hill, and BBC
Mark Gurman / Bloomberg:
Sources: Apple plans to design and develop its own displays for mobile devices, starting with microLED screens for the Apple Watch Ultra by the end of 2024  —  Apple Inc. is planning to start using its own custom displays in mobile devices as early as 2024, an effort to reduce its reliance …
Sarah Perez / TechCrunch:
Apple launches Business Connect, letting US businesses update and manage information across Maps and other services, something Google Maps has had since 2005  —  Apple Maps today is gaining a new tool that will allow the decade-plus-old service to better compete with Google …
Joe Biden / Wall Street Journal:
Mitchell Clark / The Verge:
Twitter renames Latest Tweets to Following and Home to For You, making the algorithmic feed the default with no option to change it, rolling out on iOS first  —  Twitter is changing how you move between the algorithmically-driven timeline and the reverse chronological one and making the algorithmic feed the default.
Binance admits to flaws in maintaining its Paxos-issued BUSD stablecoin backing at 1:1; ChainArgos says BUSD was undercollateralized by $1B+ in 2020 and 2021  —  Binance Holdings Ltd., the biggest cryptocurrency exchange, acknowledged past flaws in the management of its stablecoin's reserves …
Angus Loten / Wall Street Journal:
Analysts say Salesforce's customers don't appear to be swayed by Slack; the messaging service's revenue growth declined from 11.7% in Q1 2022 to 6.9% in Q3 2022  —  Carhartt's CIO says the addition of the messaging app hasn't made Salesforce's products more appealing
Jai Vijayan / Dark Reading:
Microsoft releases 98 security fixes, patching 11 critical vulnerabilities and an actively exploited privilege escalation zero-day flaw in Windows ALPC  —  Microsoft's January 2023 Patch Tuesday security update contains fixes for bugs in multiple products.  Here's what you need to patch now.
Amanda Pedersen / Medical Device + Diagnostic Industry:
A US ITC judge rules that some Apple Watches infringe on one of five Masimo pulse oximeter patents related to using light sensors to measure blood oxygen levels  —  An International Trade Commission judge ruled that Apple infringed on one of five Masimo patents related to using light sensors …
Olga Kharif / Bloomberg:
Cameron Winklevoss demands that DCG's board remove CEO Barry Silbert and alleges he and Genesis lied publicly, after his January 8 resolution deadline passed  —  Gemini crypto exchange co-founder Cameron Winklevoss called for the board of Digital Currency Group to remove Barry Silbert …
Richard Waters / Financial Times:
After Chinese researchers claimed today's quantum computers could break RSA encryption, Western experts caution that any commercial benefits are years away  —  China claims to have made a major breakthrough but western experts say any commercial benefits are still years away

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This is a Techmeme archive page. It shows how the site appeared at 2:10 PM ET, January 11, 2023.

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More News

Tyler Coates / The Hollywood Reporter:
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Earlier Picks

Steven Church / Bloomberg:
Allison Johnson / The Verge: