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November 30, 2022, 5:10 PM
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| 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:
Bloomberg, Axios, and Business Wire
| Financial Times: |
Interviews detail FTX and SBF's lavish spending with minimal internal controls, including $300M+ on Bahamas real estate and a private deal to fly Amazon orders — 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, Bloomberg, and New York Post
Tweets: @nikasgari, @mattgarrahan, @sindap, @fintechfrank, @prasannavishy, @katie_martin_fx, @emmavj, @mattgarrahan, @antoniabmassa, @sarahoconnor_, @lawmaster, @antoinegara, @edcaesar, @epicureandeal, @katie_martin_fx, @antoniofatas, @fascinatorfun, @rvvargas, @nouriel, @durkveenstra, @nouriel, @etheraltog, and @lawmaster
| David Z. Morris / CoinDesk: |
As FTX collapsed, mainstream news organizations often failed to give a straightforward assessment of exactly what happened and potential crimes involved — Sam Bankman-Fried is a con man and fraudster of historic proportions. But you might not learn that from the New York Times … | Marco Quiroz-Gutierrez / Fortune: |
More:
Coffeezilla on YouTube, The Guardian, CoinDesk, New York Post, Gizmodo, CoinDesk, Decrypt, Newser, Watcher Guru, CryptoSlate, and Bitcoin News
Tweets: @pelositracker_, @cmsintern, @tiffanyfong_, @coffeebreak_yt, @doombergt, @lib_crusher, @tiffanyfong_, @autismcapital, @grdecter, @coffeebreak_yt, @heerjeet, @robertmaguire_, @epsilontheory, @adamscochran, @coryklippsten, @tier10k, @zerohedge, @ryansadams, @cryptokaleo, @neerajka, @heerjeet, @bitbitcrypto, @coffeebreak_yt, @autismcapital, @jimcramer, @grdecter, @krugermacro, @ositanwanevu, @xrp_productions, @grdecter, @lilmoonlambo, @johnedeaton1, @jbarro, @billym2k, @autismcapital, @unusual_whales, @wublockchain, @jbarro, @steventdennis, @zerohedge, @billym2k, @jsrailton, @0xtuba, @fluentinfinance, @icebergy_, @autismcapital, @zerohedge, @jsrailton, @epsilontheory, @pdmcleod, @wyatt_privilege, @kerpen, @coffeebreak_yt, @coffeebreak_yt, @coryklippsten, @awprokop, and @zerohedge
| Juliana Liu / CNN: |
Chinese state media: a five-day COVID lockdown in Zhengzhou, home of Foxconn's “iPhone City”, 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 …
More:
Reuters, The Register, South China Morning Post, CNBC, Philip Elmer‑DeWitt, iMore, 9to5Mac, CoinDesk, BGR, AppleInsider, iPhone in Canada Blog, Neowin, and DigiTimes
Tweets: @williamyang120, @jchengwsj, @shehzadhqazi, @divestech, and @deitaone
| 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 … | Danny Nelson / CoinDesk: |
US crypto exchange Kraken plans to lay off 1,100 people, or 30% of its workforce, citing a need to “adapt to current market conditions” — The crypto exchange is laying off 1,100 people, sending its headcount back 12 months. — Crypto exchange Kraken said Wednesday …
More:
Kraken Blog, The Verge, PYMNTS.com, San Francisco Business Journal, CNBC, Bloomberg, Decrypt, Barron's Online, The Information, Neowin, Finextra, Livemint, Reuters, TechCrunch, and The Block
Tweets: @jeffjohnroberts, @jespow, @fintechfrank, @carlquintanilla, @tier10k, and @dylanleclair_
| 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, RTÉ, Finbold, Bitcoin News, CNBC, The Guardian, CryptoSlate, Gizmodo, Cointelegraph, TechSpot, CryptoGlobe, Wccftech, and Finextra
Tweets: @ecb, @katie_martin_fx, @thestalwart, @joel_john95, @thestalwart, @notgrubles, @paulbuitink, @udiwertheimer, @wintonark, @btc_archive, @smtuffy, @nvk, @mdudas, @storagezilla, @lefterisjp, @smtuffy, @loomdart, @loopifyyy, @katie_martin_fx, @loic, @thestalwart, @erikvoorhees, @mayhem4markets, @ben_mckenzie, @sytaylor, @alistairmilne, @autismcapital, @ryan_browne_, and @mtmalinen
| 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.
More:
DoorDash Newsroom, CNN, CNBC, TechCrunch, Newser, Silicon Valley Business …, SlashGear, The Hill, Reuters, Engadget, and Appuals.com
Tweets: @t_xu, @jonfortt, @carnage4life, and @alex
| Carly Page / TechCrunch: |
Google says Barcelona-based spyware vendor Variston planted spyware by exploiting zero-day flaws in Chrome, Firefox, and Windows between 2018 and 2022 — A Barcelona-based company that bills itself as a custom security solutions provider exploited several zero-day vulnerabilities in Windows …
More:
The Keyword, Decipher, The Record, BleepingComputer, SecurityWeek, CyberScoop, Wired, Bloomberg, MUO, Dark Reading, Search Engine Journal, and @GossiTheDog@cyberplace.social
Tweets: @zackwhittaker, @jsrailton, and @jsrailton
| Yogita Khatri / The Block: |
Binance acquires Japan-based licensed exchange Sakura Exchange BitCoin for an undisclosed sum, marking its re-entry into 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.
More:
Binance Blog, Binance, Blockworks, Decrypt, Agence France-Presse, Coinspeaker, Watcher Guru, TechCrunch, Bitcoinist.com, crypto.news, Cryptonews, and Ethereum World News
Tweets: @cz_binance, @tree_of_alpha, @wublockchain, @watanabesota, and @binance
| CNBC: |
Salesforce says Bret Taylor will step down as vice chair and co-CEO on January 31, 2023, and Marc Benioff will stay on as chair and CEO — - Observers viewed Bret Taylor as a possible successor for Marc Benioff, Salesforce's iconic co-founder. — It's the second time in less than three years … | Taylor Locke / Fortune: |
Uniswap Labs launches an NFT marketplace aggregator with listings from OpenSea, LooksRare, NFTX, and others, after acquiring the aggregator Genie in June — Though sales of nonfungible tokens, or NFTs, have dropped substantially amid the ongoing Crypto Winter, Uniswap Labs remains bullish on the future of the market.
More:
Uniswap Protocol, The Block, Metaverse Post, ToolsForCrypto's Newsletter, CoinDesk, CoinGape, crypto.news, Ethereum World News, Blockworks, and Decrypt
Tweets: @uniswap and @haydenzadams
| Danny Nelson / CoinDesk: |
Telegram CEO Pavel Durov says the messaging app plans to build a decentralized crypto exchange and noncustodial wallets — The messaging app is pushing ahead with its buildout of crypto infrastructure. — Messaging app Telegram has sold $50 million in usernames in less than a month through … | 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, Spotify, Bloomberg, TechCrunch, Fox News, Never Hungover, Mashable, PCMag, New York Post, BGR, Variety, Gizmodo, 9to5Mac, Variety, Adweek, Engadget, The Indian Express, Wall Street Journal, The Hollywood Reporter, Android Headlines, and Fortune
Tweets: @musicstruggles1, @0xgaut, @carnage4life, @anthony, @brandonwong1004, @jackmaccfb, and @jonnygabriel
| Ivan Mehta / TechCrunch: |
Airbnb launches a program to help renters find an apartment in 25 US markets and then list a spare room or occasionally the whole apartment on the platform — Airbnb really wants you to Airbnb an apartment. So its latest step is to find renters a place, which they can also list on the travel booking platform.
More:
Wall Street Journal, Airbnb Newsroom, CNBC, Gizmodo, PYMNTS.com, Dror Poleg, and Bloomberg
Tweets: @tsoh_investing and @drorpoleg
| 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
More:
MacRumors, The Verge, Gizmodo, 9to5Mac, Engadget, Ars Technica, Social Media Today, Forbes, Thurrott, MobileSyrup, Washington Post, New York Magazine, The Register, and Insider
| David Pan / Bloomberg: |
As crypto miners default on loans, lenders could receive mining equipment as collateral, a popular financing tool, increasing losses as the rigs' value plunges — Beleaguered crypto lenders are being dealt another blow from Bitcoin miners as they weather the aftermath of the FTX collapse.| 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, @cobie, @fatmanterra, and @cl207
| Olivia Carville / Bloomberg: |
A look at TikTok's role in spreading the “blackout challenge”, leading some kids to choke themselves to death, as critics say the company could be doing more — “Sissy's tangled!” — The 5-year-old boy's panicked cries echoed down the hallway of the Arroyos' three-bedroom clapboard house in Milwaukee.
More:
The Drum, HEAVY METAL EMAIL, and Law Street Media
| 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:
TheStreet, The Verge, Light Reading, Insider, Telecoms Tech News, and Engadget. Tweets: @lorakolodny
| Kif Leswing / CNBC: |
Salesforce reports Q3 revenue up 14% YoY to $7.84B, vs. $7.82B est., and operating cash flow down 23% YoY to $313M; stock falls 6%+ after hours — - Salesforce reported earnings and revenue on Wednesday that beat analyst expectations. — Co-CEO Bret Taylor announced that he would step down.
More:
Reuters, TechCrunch, Barron's Online, and Salesforce, Inc.
| Financial Times: |
A look at China's growing interest in the open-source Risc-V chip architecture after US sanctions, including enlisting Alibaba and Tencent to help design chips — Chinese government steps up push to use Risc-V in move aimed at boosting domestic production of semiconductors| Ashley Capoot / CNBC: |
Snowflake reports Q3 revenue up 67% YoY to $557M, vs. $539M est., and anticipates Q4 product revenue between $535M and $540M, vs. $553M est.; stock drops 12%+ — - Snowflake fell in extended trading on Wednesday after the company released third-quarter results that beat estimates but offered light product revenue guidance.| Kyle Wiggers / TechCrunch: |
NYC-based Teampay, a low-code service to help enterprises automate software purchasing, raised a $47M Series B, comprising $35.25M equity and $11.75M debt — In 2016, Andrew Hoag, formerly a senior manager at Verisign and a web project lead at NASA's Ames Research Center, founded Teampay …
More:
SiliconANGLE and Business Wire
| Lucía Cholakian Herrera / Rest of World: |
As inflation grows in Argentina, locals use Mercado Pago and other digital wallets to protect their pesos but must deal with crypto's scam and theft issues — Payment apps cushion users from a falling peso but won't protect them from theft. — • BUENOS AIRES, ARGENTINA
Tweets: @luciacholakian
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