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November 17, 2022, 1:50 PM
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| Jack Schickler / CoinDesk: |
Bankruptcy filing: FTX CEO John Ray III, who ran Enron's process, slams SBF's “unprecedented” management, describing a “complete failure of corporate controls” — The former FTX CEO's unconventional style is under the spotlight as bankruptcy professionals pore over the exchange's collapse.
More:
Bankruptcy Court for the District of Delaware, Associated Press, Decrypt, SiliconANGLE, Bloomberg, Financial Times, Axios, CNBC, New York Post, CNET, Associated Press, The Guardian, Barron's Online, Financial Times, Observer, VICE, CNBC, Blockworks, Ethereum World News, New York Times, Insider, Decrypt, NewsBTC, The Block, Reuters, Bitcoin Magazine, CryptoSlate, Insider, MarketWatch, Cointelegraph, Bloomberg, Tech News, and Wall Street Journal
Tweets: @kadhim, @kadhim, @kadhim, @dogetoshi, @deitaone, @zerohedge, @wassielawyer, @kadhim, @kadhim, @tadleer, @suzhupercycle, @croesus_btc, @ldrogen, @ldrogen, @opinion, @fmanjoo, @tracyalloway, @jp_koning, @ne0liberal, @jonwu_, @mikeburgersburg, @jonwu_, @investmentshulk, @scottmelker, @martiniguyyt, @depression2019, @kadhim, @kadhim, @kadhim, @kadhim, @dingalingts, @robaeprice, @simondixontwitt, @turnernovak, @tree_of_alpha, @hedgedhog7, @sindap, @nathantankus, @dylanleclair_, @danbarker, @smtuffy, @newmoneyreview, @gazthejourno, @bondhack, @sherlock_hodles, @lizrhoffman, @coloradotravis, @rnr_0, @jyarow, @chris_stewart_5, @rleshner, @beijingpalmer, @0xgaut, @mayazi, @apolynya, @z0r0zzz, @coloradotravis, @thetranscript_, @simondixontwitt, @flglmn, @kaileyleinz, @shaneferro, @ceterispar1bus, @mattyglesias, @spencerjakab, @stackersatoshi, @mayazi, and @dogetoshi
| Kelsey Piper / Vox: |
A chat via DM with SBF on why regulators “make everything worse”, FTX and Alameda's “messy accounting”, why he regrets filing for bankruptcy, ethics, and more — The fallen crypto CEO on what went wrong, why he did what he did, and what lies he told along the way.
More:
BBC, Washington Post, Protocol, CoinDesk, Gizmodo, Finextra, TheStreet, New York Post, Watcher Guru, Bitcoinist.com, Inside Bitcoins, Axios, Bitcoin News, Reuters, New York Times, Financial Times, CoinGape, Insider, and PYMNTS.com
Tweets: @sbf_ftx, @ftx_official, @davidsacks, @elonmusk, @ftx_official, @sbf_ftx, @sbf_ftx, @sbf_ftx, @autismcapital, @krugermacro, @sama, @unusual_whales, @sbf_ftx, @s_r_constantin, @hsakatrades, @autismcapital, @quantian1, @parismartineau, @zackbeauchamp, @ftx_official, @cryptokaleo, @albrgr, @kadhim, @stevekrak, @zeeshanaleem, @unusual_whales, @kadhim, @autismcapital, @trungtphan, @kimdotcom, @biancoresearch, @obsoletedogma, @vusithembekwayo, @mattzeitlin, @mayazi, @cryptokaleo, @nickatfp, @vivekgramaswamy, @stoolpresidente, @simondixontwitt, @mrjasonchoi, @jonathanvswan, @hsakatrades, @chainlinkgod, @lemieuxlgm, @wholemarsblog, @jason_howerton, @lilmoonlambo, @jespow, @shellenbergermd, @simondixontwitt, @timnitgebru, @pebonilla, @netcapgirl, @matthew_d_green, @samharrisorg, @kashhill, and @justinwolfers
| Tracy Alloway / Bloomberg: |
The wildest parts from FTX's bankruptcy filing: token holdings are worth $659K, Alameda loaned SBF over $3.3B, SBF auto-deleted important messages, and more — Lawyers for the bankrupt crypto exchange FTX filed today in Delaware, asking a federal judge to transfer a competing bankruptcy case filed …
More:
The Verge, Ars Technica, CoinDesk, Cointelegraph, TechCrunch, Decrypt, CoinDesk, CoinDesk, TheStreet, CNBC, Watcher Guru, and Semafor
Tweets: @grdecter, @silviakillings, @whet, @mideastxmidwest, @crypto_joe10, @crypto_joe10, @crypto_joe10, @megreenwell, @alice_fulwood, @alice_fulwood, @grdecter, @grdecter, @alice_comfy, @alice_comfy, @stephanie_murr, @peterschiff, @adamscochran, @adamscochran, @josephpolitano, @adamscochran, @thestalwart, @misha_saul, @shannonpareil, @wublockchain, @apedurden, @collins_belton, @zerohedge, @jessicakmathews, @zerohedge, @asvanevik, @apompliano, @hsakatrades, @pizzawanchovies, @basedkarbon, @venturecoinist, @s_m_i, @0xdoug, @stackersatoshi, @tomgara, @meattc_, @tomgara, @saylor, @coinmamba, @0xdoug, @ericwallerstein, @jamespmcleod, @lilmoonlambo, @apompliano, @apedurden, and @ericwallerstein
| Adam Cochran / @adamscochran: |
More:
Bloomberg and TheStreet
Tweets: @basedkarbon, @kadhim, @doombergt, @adamscochran, @adamscochran, @benedictspence, @adamscochran, @adamscochran, @loopifyyy, and @rockshrimp
| Tony Romm / Washington Post: |
Congress, slow to move on regulating crypto, becomes transfixed by FTX's collapse, as lawmakers wonder if the crisis could have been prevented — The stunning collapse of the world's third-largest exchange has forced politicians to grapple with the costs of legislative inaction
More:
The Block, The Block, The Block, The Block, The Daily Beast, Politico, CNN, Reuters, Associated Press, and CoinGape
Tweets: @concodanomics, @adamscochran, @cgasparino, @robblackwellab, @sentoomey, @jordanschachtel, @senwarren, @adamscochran, @adamscochran, @mikemadden, @matthewstoller, @smtuffy, @zachary, @hshaban, @matthewstoller, @repyoungkim, @johnedeaton1, @rwpusa, @nkulw, @jenniferisms, @tonyromm, @tonyromm, and @cryptolawus
| Wall Street Journal: |
Sources: Meta fired or disciplined more than 24 employees and contractors over the past year for allegedly taking over user accounts, sometimes for bribes — Some workers allegedly accepted thousands of dollars in bribes — Meta Platforms Inc. META -2.31%decrease; red down pointing triangle …
More:
Engadget, The Verge, and CNBC
Tweets: @mattnavarra, @tonyajoriley, @jmover, @fabiochiusi, @tonyromm, and @jason_kint. Thanks:@sal19
| Kris Holt / Engadget: |
Microsoft rolls out Discord voice chat integration to all Xbox users after an Insiders test; PlayStation will reportedly get deeper Discord integration in 2023 — Microsoft is now rolling out the Xbox November update, which includes a heap of useful features.| Bloomberg: |
NetEase and Blizzard plan to end their 14-year partnership after January 2023, leaving Chinese players' access to games like Warcraft and Overwatch in question — NetEase Inc. and Blizzard Entertainment Inc. plan to end their 14-year partnership after January, depriving the Chinese firm …
More:
Reuters, LinkedIn, Blizzard Entertainment, ZDNet, Windows Central, Game Developer, GamesIndustry.biz, New York Times, TechCrunch, Wall Street Journal, IGN, Forbes, Kotaku, GameSpot, CNBC, Polygon, The Verge, BBC, Destructoid, Rock, Paper, Shotgun, VICE, Financial Times, Gameranx, Pandaily, Nikkei Asia, Tech in Asia, and TechSpot
Tweets: @tomwarren, @byron_wan, @wario64, @tomwarren, @therealjoshye, @overwatchcaval, @lmatsakis, and @6d6f636869
| Aisha Malik / TechCrunch: |
Google announces updates for Search to help users find dishes near them; Maps, including expanding Live View; and Shopping, adding AR tools for makeup shopping — Google announced today that it's introducing a slew of new Maps, Search and Shopping features.
More:
The Keyword, Android Authority, Engadget, Search Engine Land, 9to5Google, 9to5Google, The Verge, The Verge, CNBC, The Keyword, and Mashable
| Annie Palmer / CNBC: |
Docs: Amazon offers some staff “voluntary severance” to cut costs beyond its layoffs; staff must resign by November 29 and their last day would be December 23 — - Amazon sent out “voluntary severance” offers to some employees this week as it looks for ways to rein in costs beyond the massive layoffs already announced.
More:
Gizmodo and Wall Street Journal
| Sam Goldfarb / Wall Street Journal: |
Coinbase's stock has dropped 81% in 2022, taking its market cap down from $81B at its IPO to $11B, as the broader crypto market falters and investors lose faith — Prices of exchange's bonds and stock reflect anxieties after collapse of rival FTX and sharp declines in bitcoin| Financial Times: |
OnlyFans plans to let creators sell merchandise directly to viewers in partnership with e-commerce platform Spring — Social network will allow content creators to sell merchandise directly to their viewers — Content creators on OnlyFans will be able to sell merchandise directly to their viewers … | Jon Victor / The Information: |
Sources: in May, Google asked managers to categorize 6% of employees, or ~10,000 people, as low performers under its new review system, up from 2% previously — As layoffs spread across Silicon Valley, Google has stood out by not cutting employees so far. But as outside pressure builds …
Tweets: @joshuaogundu and @amir
| Sharon Goldman / VentureBeat: |
Intel unveils FakeCatcher, a web-based real-time deepfake detector that analyzes the subtle “blood flow” in video pixels; the company claims a 96% accuracy rate — On Monday, Intel introduced FakeCatcher, which it says is the first real-time detector of deepfakes — that is … | Russell Brandom / The Verge: |
Analysis of 22K US broadband bills highlights issues: far higher average cost than in Europe at $75/month, little carrier choice, bogus charges, and more — The Verge and Consumer Reports collected 22,000 internet bills to find out how Americans are getting online. They paint an ugly picture.
More:
Washington Post, CR Advocacy, Consumer Reports, Gizmodo, Consumer Reports, and CNET
Tweets: @meghann and @russellbrandom
| Manish Singh / TechCrunch: |
Meta appoints Sandhya Devanathan to lead its India business, starting January 1, following several high-profile departures; Devanathan joined Meta in 2016 — Meta has appointed Sandhya Devanathan as the new head of its India business following several high-profile departures in the key overseas market.
More:
Moneycontrol, Adweek, The Economic Times, Livemint, Inc42 Media, Meta, Hindustan Times, Livemint, Reuters, ThePrint, Entrackr, The Economic Times, MediaNama, and Moneycontrol
| Mack DeGeurin / Gizmodo: |
A House Select Subcommittee investigation finds ID.me made “baseless claims” of rampant COVID-19 unemployment fraud “to increase demand” for its ID verification — A seven month-long investigation accuses the biometric firm of providing misleading figures …
More:
Bloomberg, Reuters, Heritage Foundation, and Politico
| Mike Wheatley / SiliconANGLE: |
Astera Labs, a fabless semiconductor company that offers system-aware integrated circuits, boards, and services, raised a $150M Series D at a $3.15B valuation — Semiconductor design firm Astera Labs Inc. claims to have hit a number of key milestones after closing on a bumper $150 million late-stage round …
More:
Crunchbase News, Silicon Valley Business …, Reuters, Forbes, and VentureBeat
| Reuters: |
Sources: SoftBank sells 29.35M Paytm shares, or a 4.5% stake, for $200M, causing Paytm stock to drop 9%+; Vision Fund was Paytm's second-largest shareholder — SoftBank Group Corp (9984.T) on Thursday sold a 4.5% stake in Indian digital payments giant Paytm (PAYT.NS) through block deals for $200 million … | Jon Porter / The Verge: |
Meta launches its company directory on WhatsApp's Business Platform in Brazil, the UK, Indonesia, Mexico, and Colombia after a September 2021 pilot in São Paulo — WhatsApp is officially launching a new business directory feature across Brazil, the UK, Indonesia, Mexico, and Colombia.| Peter White / Deadline: |
Apple plans to launch its Major League Soccer Season Pass on February 1 for $15/month or $99/season and $13/month or $79/season for Apple TV+ subscribers — Apple has unveiled more plans for its launch of Major League Soccer (MLS). — The streamer has revealed the pricing and launch details … | Pew Research Center: |
A survey of US teens on social media: 80% feel closer to friends, 71% like showing creativity, 59% think its impact is neutral, and 38% are overwhelmed by drama — Majorities of teens credit social media with strengthening their friendships and providing support while also noting the emotionally charged side of these platforms
More:
Mercury News and New York Times
Tweets: @keccers, @pewresearch, @pewresearch, @adamkovac, @lrainie, @adamkovac, @lrainie, and @lrainie
| Michael McSweeney / The Block: |
The Australian Securities Exchange drops its blockchain project announced in 2017 to replace its settlement and clearing system, causing a $165M-$172M write-off — - The Australian Securities Exchange (ASX) is dropping a long-in-the-making blockchain-powered replacement for its CHESS settlement and clearing system.
More:
Australian Financial Review, ASIC Home | ASIC, Web3 is going just great, and Blockworks
Tweets: @markdistef, @berthon_jones, @rohan_p, @izakaminska, @annairrera, @phenrikand, and @cameronwilson
| Jane Zhang / Bloomberg: |
Alibaba reports September quarter revenue up 3% to ~$29B, below estimates, its slowest cloud growth yet, and a ~$2.9B net loss, vs. an expected ~$2.6B profit — Alibaba Group Holding Ltd. reported a surprise loss after quarterly revenue barely grew, as China's rigid Covid controls continue to sap consumer sentiment.Sponsor Posts
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Tweets: @mims, @sbf_ftx, @dylanmatt, @sbf_ftx, @siegerhino2, @sbf_ftx, @balajis, @timccopeland, and @alexdecampi