Techmeme
November 21, 2022, 9:50 PM

Top News

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 …
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.
Alex Heath / The Verge:
Elon Musk holds relaunch of Blue Verified until “there is high confidence of stopping impersonations” and floats using different colors for orgs and individuals  —  Elon Musk told Twitter employees on Monday that the company won't relaunch its paid verification subscription …
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.
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.
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:
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 …
Vitalik Buterin's website:
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.

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Earlier Picks

David Yaffe-Bellany / New York Times:
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Alex Weprin / The Hollywood Reporter:
Mark Gurman / Bloomberg: