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November 30, 2022, 10:15 AM
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| Juliana Liu / CNN: |
Chinese state media: a five-day COVID-19 lockdown in Zhengzhou, home to Foxconn's iPhone plant, has been lifted; an analyst says disruptions cost Apple $1B/week — Hong Kong CNN Business — The central Chinese city of Zhengzhou, home to the world's largest iPhone factory …
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Ming-Chi Kuo, Reuters, CoinDesk, ZDNet, AppleInsider, Barron's Online, South China Morning Post, 9to5Mac, CNBC, WinBuzzer, iPhone in Canada Blog, BGR, The Verge, Bloomberg, DigiTimes, Neowin, Bloomberg, and Reuters
Tweets: @deitaone, @jchengwsj, @williamyang120, @divestech, and @shehzadhqazi
| Josh Horwitz / Reuters: |
Analysis of Apple's supply chain data shows 44% to 47% of suppliers were China-based between 2014 and 2019, dropping to 41% in 2020 and 36% in 2021 — Apple Inc's (AAPL.O) wide exposure to Chinese manufacturing, notable both for its low costs and rising risks, has receded since the COVID-19 pandemic began … | Marco Quiroz-Gutierrez / Fortune: |
In an interview, SBF claims he donated about the same amount to both parties in 2022 but the GOP donations were “dark” money, discusses Alameda, FTT, and more — Sam Bankman-Fried's donations to Democrats are well documented. In an interview released Tuesday …
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The Texas Tribune, Tiffany Fong on YouTube, Axios, Coffeezilla on YouTube, Tiffany Fong on YouTube, CoinDesk, Decrypt, Gizmodo, New York Post, CryptoSlate, Watcher Guru, Cointelegraph, crypto.news, Bitcoinist.com, Coinspeaker, CoinGape, Cryptopolitan, Semafor, and CoinJournal
Tweets: @pelositracker_, @cmsintern, @tiffanyfong_, @coffeebreak_yt, @neerajka, @doombergt, @lib_crusher, @grdecter, @tiffanyfong_, @autismcapital, @heerjeet, @robertmaguire_, @epsilontheory, @adamscochran, @coryklippsten, @tier10k, @zerohedge, @ryansadams, @cryptokaleo, @awprokop, @heerjeet, @bitbitcrypto, @adamscochran, @coffeebreak_yt, @autismcapital, @jimcramer, @grdecter, @krugermacro, @ositanwanevu, @kwharrison13, @fortunemagazine, @xrp_productions, @grdecter, @lilmoonlambo, @johnedeaton1, @jbarro, @billym2k, @ianbremmer, @autismcapital, @grdecter, @smtuffy, @wublockchain, @jbarro, @steventdennis, @zerohedge, @teddyschleifer, @billym2k, @teddyschleifer, @bchappatta, @jsrailton, @texastribune, @0xtuba, @fluentinfinance, @coffeebreak_yt, @icebergy_, @autismcapital, @zerohedge, @tiffanyfong_, @jsrailton, @epsilontheory, @pdmcleod, @wyatt_privilege, @johnedeaton1, @kerpen, @coffeebreak_yt, @coffeebreak_yt, @mdudas, @coryklippsten, @awprokop, @zerohedge, @davidrkadler, and @alistairmilne
| Financial Times: |
Interviews detail FTX and SBF's lavish spending, aided by minimal internal controls, including $300M+ on Bahamas real estate and chartering Amazon deliveries — When crypto exchange FTX moved its headquarters to the Bahamas from Hong Kong last year, employees discovered that Amazon did not deliver to the island.
More:
Insider and Cointelegraph
Tweets: @mattgarrahan, @antoinegara, @sarahoconnor_, @sindap, @epicureandeal, @fintechfrank, @prasannavishy, @katie_martin_fx, @emmavj, @mattgarrahan, @antoniabmassa, @lawmaster, @nikasgari, @edcaesar, @katie_martin_fx, @antoniofatas, @fascinatorfun, @rvvargas, @nouriel, @durkveenstra, @etheraltog, and @lawmaster
| Gregory Zuckerman / Wall Street Journal: |
Sources detail Alameda's early years, starting in fall 2017, as SBF shrugged off concerns about risky investments, leading several employees to quit in 2018 — ‘We ended up not really knowing how much money we even had,’ one former employee says — Why FTX Picked the Bahamas, and What Happens Now to the Crypto Hub
More:
Business Wire and Bloomberg
Tweets: @jgreco, @bennetttomlin, @bennetttomlin, @dsquareddigest, @charlesforelle, @morganricks1, @smtuffy, @smbrnsn, @joshua_t_white, @wsj, @gzuckerman, @smtuffy, and @smtuffy
| Manish Singh / TechCrunch: |
The European Central Bank says that bitcoin is “rarely used for legal transactions” and is on the “road to irrelevance”, without citing any strong data points — European Central Bank officials alleged on Wednesday that bitcoin is “rarely used for legal transactions …
More:
European Central Bank, Finbold, Gizmodo, Decrypt, The Block, Finextra, Reuters, Cointelegraph, CNBC, CryptoGlobe, and Wccftech
Tweets: @ecb, @katie_martin_fx, @joel_john95, @thestalwart, @thestalwart, @ben_mckenzie, @notgrubles, @loic, @loopifyyy, @nvk, @autismcapital, @mayhem4markets, @thestalwart, @ryan_browne_, @wintonark, @udiwertheimer, @storagezilla, @paulbuitink, @btc_archive, @smtuffy, @mdudas, @lefterisjp, @smtuffy, @loomdart, @katie_martin_fx, @sytaylor, @alistairmilne, and @mtmalinen
| Platformer: |
Internal messages: Twitter's EMEA ad revenue dropped 15% YoY and weekly bookings are down 49%; source: Blue is delayed as Twitter seeks to skirt App Store fees — Revenues are in free fall, employees say. Can Musk turn the tide? — and Zoë Schiffer
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The Verge, Forbes, The Register, The Information, Insider, New York Magazine, Fortune, International Business Times, Mashable, and Twitter is Going Great!
| Sara Dorn / Forbes: |
Republicans Ron DeSantis, Ken Buck, Mike Lee, Marsha Blackburn, and others mention legislative action to curb Apple's app market power after Elon Musk's tweets — Florida Gov. Ron DeSantis (R) on Tuesday joined a growing chorus of Republicans criticizing Apple after Twitter owner Elon Musk claimed …
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Bloomberg, AppleInsider, Insider, Insider, CNBC, Gizmodo, CNBC, Philip Elmer‑DeWitt, Coinspeaker, FOSS Patents, iThinkDifferent, The Jacob Wolf Report, International Business Times, SiliconANGLE, Mediaite, and Wonkette
Tweets: @edzitron, @ozindie, @repkenbuck, @jdvance1, @pt, @r0wdy_, @karaswisher, @jamesrbuk, @tomfitton, @evan_greer, @cat_zakrzewski, @karlbode, and @warrendavidson
| Yogita Khatri / The Block: |
Binance acquires Japan-based licensed exchange Sakura Exchange BitCoin for an undisclosed sum, the exchange's re-entry to Japan and first license in East Asia — - Binance has entered Japan by acquiring the locally licensed exchange Sakura Exchange BitCoin (SEBC). — The terms of the deal were not disclosed.
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Binance Blog, Binance, Bloomberg, TechCrunch, Agence France-Presse, Bitcoinist.com, Watcher Guru, Cryptonews, CryptoPotato, CryptoSlate, CoinDesk, Cointelegraph, Reuters, Coinspeaker, crypto.news, CoinGape, and Ethereum World News
Tweets: @cz_binance, @tree_of_alpha, @wublockchain, @watanabesota, @binance, and @poordart
| Ariel Shapiro / The Verge: |
Spotify releases Wrapped 2022 for users, adding a “music personality” feature, and says Joe Rogan, Emma Chamberlain, and others were its top podcasters — Spotify Wrapped is here, and with it, a slew of year-end charts, data, and graphics ripe for sharing.
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Spotify, TechCrunch, 9to5Mac, USA Today, Adweek, VentureBeat, Engadget, Android Authority, Laptop Mag, MobileSyrup, Wall Street Journal, Music Ally, MUO, Android Headlines, Mashable, Variety, Variety, The Indian Express, The Hollywood Reporter, and All This Is True. Tweets: @anthony
| Christiana Loureiro / The Block: |
IBM and Maersk plan to shutter their blockchain supply chain service TradeLens, launched in 2018, in Q1 2023; Maersk blames a lack of industry collaboration — - The companies made a viable platform but couldn't get a global collaboration going. — Danish shipping company Maersk and IBM …
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Maersk, The Register, Blockworks, CoinDesk, Global Trade Review, crypto.news, Finextra, Amazon Web Services, Inc., Coinspeaker, and Cointelegraph
Tweets: @pbrody, @paddi_hansen, @costasparis, @ghaff, @davidgerard, @wublockchain, and @irinaheaver
| Jackie Davalos / Bloomberg: |
Memo: DoorDash plans to lay off around 1,250 employees, aiming to curb expenses; sources say that represents around 6% of its workforce — DoorDash Inc. is cutting about 1,250 jobs to rein in expenses, acknowledging that a rapid expansion during the pandemic boom has led to mounting losses.| CNBC: |
In a bankruptcy hearing, BlockFi's lawyers say the lender plans to reopen withdrawals, BlockFi lent $671M to Alameda and has $355M frozen on FTX, and more — - BlockFi's first bankruptcy hearing in New Jersey kicked off on Tuesday, with lawyers emphasizing the crypto lender's strong corporate controls and customer prioritization.
More:
Decrypt, CoinDesk, CoinDesk, Bloomberg, The Block, Cointelegraph, CoinGape, and Wall Street Journal
Tweets: @arkhamintel, @epsilontheory, @epsilontheory, @camcrews, @mhonkasalo, @layahheilpern, @blockfi, @deitaone, and @kadhim
| Nikkei Asia: |
Sources detail Huawei's plans to stealthily build a domestic chip supply chain with partners in Beijing, Wuhan, Qingdao, and Shenzhen, investing over $55.8B — Battered by sanctions, Huawei leads the way in stealthily building a domestic semiconductor supply chain
Tweets: @chengtingfang, @davidkersten, and @shankhu15
| Kristin Majcher / The Block: |
Brazil's Chamber of Deputies has approved a longstanding crypto bill defining digital assets and their service providers; bill now requires president's approval — - Brazil's chamber of deputies finally approved a long-awaited crypto regulation bill. — The bill could now go to Brazilian President Jair Bolsonaro for approval.| Emily Nicolle / Bloomberg: |
Emboldened by FTX's collapse, the disgraced founders of Terra, Celsius, and Three Arrows Capital have reemerged, offering their thoughts on SBF, FTX, and more — Welcome to Bloomberg Crypto, our twice-weekly look at Bitcoin, blockchain and more. If someone forwarded this to you, sign up here.
More:
Crypto Briefing. Tweets: @zhusu, @zhusu, @kyleldavies, @kyleldavies, @zhusu, @kyleldavies, @castillotrading, @altcoingordon, @kyleldavies, @icebergy_, @emilyjnicolle, @0xmakesy, @erikvoorhees, @0xquit, @zhusu, @austerity_sucks, @johnwrichkid, @tree_of_alpha, @fatmanterra, @roninroh, @mdudas, @dylanleclair_, @cobie, @mdudas, @fatmanterra, @cl207, @caspiancey, and @stablekwon
| The Intercept: |
Some prominent antifascist organizers and journalists have had Twitter accounts suspended in the past week, after right-wing operatives appealed to Elon Musk — Elon Musk claims to be “fighting for free speech in America” but the social network's new owner appears to be overseeing a purge of left-wing activists from the platform.
More:
Insider, Insider, @igd_news@kolektiva.social, Semafor, and @molly0xfff@hachyderm.io
Tweets: @blackamazon, @micahflee, @wrkclasshistory, @theintercept, @espiers, @dulhunty, @brandondarby, and @esqueer_
| Financial Times: |
SpaceX's Starlink increases the price for new Ukrainian customers to $700, far above the $385 cost from earlier in 2022; monthly subscriptions rise to $75 — Cost of communications devices made by Elon Musk-owned SpaceX set to rise due to Russian assault on electricity grid
More:
Engadget and Light Reading
| Alex Barinka / Bloomberg: |
South Dakota Governor Kristi Noem signs an EO banning TikTok for state agencies, employees, and contractors using state devices over China's “security threat” — TikTok is now banned on government employee devices in South Dakota because the governor believes the social media app's ownership … | Bloomberg: |
Sources: LedgerX, known as FTX US Derivatives, plans to make $175M available for FTX's bankruptcy, part of a $250M fund reserved for a CFTC application — LedgerX — one of the few corners of Sam Bankman-Fried's crumbled crypto empire that remain solvent — is preparing to make available $175 million … | Woojin Son / Counterpoint Research: |
Global smartwatch shipments increased 30% YoY in Q3 2022, led by India, up 171%; Apple grew 48% YoY, Samsung dropped 2.7% YoY, and Noise grew 218% YoY — - Driven by the basic smartwatch segment, the global smartwatch market grew 30% YoY. — India grew 171% YoY, taking the top spot …
More:
The Economic Times, SamMobile, SamNews 24, Telecoms.com, TechCrunch, and Appuals.com
| Frederic Lardinois / TechCrunch: |
AWS unveils Amazon Security Lake, a service that automatically centralizes an organization's security data from cloud and on-premises sources into a data lake — AWS today announced Amazon Security Lake, a new purpose-built data lake for security-related data.
More:
CSO, About Amazon, SentinelOne, and Telecoms.com
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