Techmeme
January 27, 2023, 8:05 AM

Top News

Alexandra Bruell / Wall Street Journal:
Chainalysis:
A look at crypto money laundering in 2022: illicit addresses sent nearly $23.8B, up 68% YoY, four addresses got $1B+ combined, DeFi got record funds, and more  —  The 2023 Crypto Crime Report  —  Money laundering is crucial to all financially motivated crime because it's what enables criminals …
Bloomberg:
Sources describe how Twitter Trust and Safety VP Ella Irwin has become the chief executor of Elon Musk's whims, even when they go against established protocols  —  On a day hundreds of Twitter Inc. employees were debating whether to resign, Ella Irwin showed up with a pep talk.
Carly Page / TechCrunch:
The FBI, US DOJ, Secret Service, Europol, and others seize ransomware gang Hive's site and decryption keys; the FBI had access to Hive's network since July 2022  —  The infrastructure behind Hive, one of the most prolific ransomware operations, has been seized by law enforcement agencies in the United States and Europe.
Chavi Mehta / Reuters:
Intel reports Q4 revenue down 32% YoY to $14B, vs. $14.46B est., Data Center and AI down 33% YoY, and Q1 2023 revenue guidance below estimates; stock drops 9%+  —  Chipmaker Intel Corp (INTC.O) forecast first-quarter revenue below Wall Street targets on Thursday, slammed by a worsening PC market …
Finbarr Flynn / Bloomberg:
After losing billions on mobile bets, Japanese e-commerce giant Rakuten raised ~$1.9B for its mobile business and plans to sell its banking and securities units  —  Japanese e-commerce giant Rakuten Group Inc. sold 250 billion yen ($1.9 billion) of bonds on Friday, giving the company …
Michael Bodley / Blockworks:
Sources: Amazon plans to launch an NFT initiative in April 2023, and has looked at layer-1 blockchains, blockchain-based gaming, and digital asset exchanges  —  Amazon is launching a digital assets enterprise, according to four sources familiar with the matter, who said that an NFT initiative is expected in the spring.
Dan Milmo / The Guardian:
Twitter co-founder Biz Stone says Elon Musk “doesn't seem like” the right owner for Twitter and claims morale and content improvements have been lost under Musk  —  Biz Stone, one of quartet who set up company, says positive changes he oversaw have been undone by Tesla chief executive
Wall Street Journal:
Sources: Stripe co-founders Patrick and John Collison told staff their goal is to go public or let employees sell shares in private markets within the next year  —  Fintech startup hires Goldman, JPMorgan to advise on direct listing or private-market transaction involving employees' shares

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