Techmeme
November 21, 2022, 7:25 PM

Top News

Stephanie Murray / The Block:
DCG's Grayscale refuses to share proof of reserves, citing “security concerns”, as Grayscale Bitcoin Trust reaches new lows and DCG's Genesis halts withdrawals  —  Grayscale will not show proof of reserves due to “security concerns,” after its bitcoin and ether products fell to all-time lows this week.
Sunil Jagtiani / Bloomberg:
Crypto prices sink, with bitcoin down 5%+ to under $16K and ether down ~7% to ~$1.1K, rocked by the FTX saga, hacker offloading ether, and potential contagion  —  Cryptocurrency prices struggled Monday in the ongoing crisis sparked by the downfall of Sam Bankman-Fried's once powerful FTX empire.
Bloomberg:
Sources: Genesis is struggling to raise funding for its lending unit and warns potential investors that it may need to file for bankruptcy if its efforts fail  —  Digital-asset brokerage Genesis is struggling to raise fresh cash for its lending unit, and it's warning potential investors …
Ryan Lovelace / Washington Times:
Twitter reinstates the accounts of Ye, Project Veritas, and others, despite Musk's pledge to delay such decisions until forming a content moderation council  —  Several banned Twitter users are making their return to the social media platform, following new owner Elon Musk clearing a path …
Matt Novak / Gizmodo:
Mark Niquette / Bloomberg:
Thomas Germain / Gizmodo:
Researchers: Apple analytics data include a unique ID for a user's iCloud account, despite Apple saying usage data does not include personally identifiable info  —  Your iPhone's analytics data includes an ID number tied to your name, email, and phone number, say researchers who uncovered other holes in Apple' promises.
Bloomberg:
Mass tech layoffs leave hundreds of H-1B visa holders scrambling for new jobs to stay in the US; Amazon, Meta, and others sponsored 45K+ in the last three years  —  Mass tech layoffs have left hundreds of workers living in the US on temporary visas with little time to find another job, or they'll have to leave the country.
Vitalik Buterin's website:
Alex Heath / The Verge:
Sources: at an all-hands, Elon Musk said Twitter is done with layoffs and actively recruiting for roles in engineering and sales; Twitter has 2,700+ employees  —  After purging nearly two-thirds of Twitter's 7,500-person workforce in three weeks, Elon Musk is hiring again.
Cheyenne Ligon / CoinDesk:
US DOJ says two Estonians were arrested for a $575M cryptocurrency fraud and money laundering scheme that allegedly defrauded hundreds of thousands of investors  —  According to the Department of Justice, the two men used shell companies to launder the proceeds of their fraudulent schemes and buy luxury cars and real estate in Estonia.
Ron Amadeo / Ars Technica:
Report: Amazon's hardware group may lose $10B in 2022, as many Echo devices are sold at cost and plans to monetize Alexa have failed  —  Layoffs reportedly hit the Alexa team hard as the company's biggest money loser.  —  Amazon is going through the biggest layoffs in the company's history right now …
More: Insider
Paul Tassi / Forbes:
Twitter's automated copyright strike system appears to be broken, as users upload full movies; some accounts with viral tweets were later suspended  —  While Twitter, the website, remains online and has not simply collapsed after the vast majority of workers were fired or resigned under Elon Musk …
Mark Gurman / Bloomberg:

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