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November 30, 2022, 3:05 PM
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| 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 …
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Ming-Chi Kuo, The Register, Reuters, iMore, Philip Elmer‑DeWitt, Insider, CNBC, South China Morning Post, SlashGear, Bloomberg, 9to5Mac, CoinDesk, BGR, AppleInsider, iPhone in Canada Blog, and Neowin
Tweets: @williamyang120, @jchengwsj, @shehzadhqazi, and @divestech
| 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 … | 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:
CoinDesk, Bloomberg, New York Post, VICE, and Axios
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, and @etheraltog
| 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:
Axios, Bloomberg, and Business Wire
| 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 …
More:
The Texas Tribune, CoinDesk, The Guardian, Coffeezilla on YouTube, CoinDesk, Decrypt, Gizmodo, crypto.news, Newser, Watcher Guru, CryptoSlate, Coinspeaker, and Bitcoin News
Tweets: @pelositracker_, @cmsintern, @tiffanyfong_, @coffeebreak_yt, @doombergt, @lib_crusher, @tiffanyfong_, @autismcapital, @grdecter, @unusual_whales, @tiffanyfong_, @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, @wublockchain, @jbarro, @steventdennis, @zerohedge, @billym2k, @jsrailton, @0xtuba, @fluentinfinance, @coffeebreak_yt, @icebergy_, @autismcapital, @zerohedge, @jsrailton, @epsilontheory, @pdmcleod, @wyatt_privilege, @johnedeaton1, and @kerpen
| 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, The Guardian, RTÉ, Bitcoin News, The Crypto Basic, CryptoSlate, Gizmodo, TechSpot, CNBC, Cointelegraph, Decrypt, CryptoGlobe, and Wccftech
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, and @sytaylor
| 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 …
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Kraken Blog, Decrypt, Crunchbase News, The Information, CNBC, Finextra, Reuters, Barron's Online, Livemint, Bloomberg, The Block, TechCrunch, and CoinGape
Tweets: @jespow, @jeffjohnroberts, @fintechfrank, @carlquintanilla, @tier10k, and @dylanleclair_
| 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, TechCrunch, CNBC, The Information, Silicon Valley Business …, CNN, The Hill, Engadget, Appuals.com, Reuters, and SlashGear
Tweets: @t_xu, @jonfortt, @carnage4life, and @alex
| 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.
More:
Binance Blog, Binance, Bloomberg, Blockworks, Decrypt, Crypto Daily, Agence France-Presse, Coinspeaker, Watcher Guru, Reuters, TechCrunch, Bitcoinist.com, crypto.news, Cryptonews, CoinGape, and CoinDesk
Tweets: @cz_binance, @tree_of_alpha, @wublockchain, @watanabesota, and @binance
| 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, crypto.news, Blockworks, Cointelegraph, Decrypt, CryptoPotato, CoinGape, Ethereum World News, and CoinDesk. Tweets: @uniswap
| 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 …
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The Keyword, BleepingComputer, CyberScoop, SecurityWeek, Bloomberg, Search Engine Journal, and @GossiTheDog@cyberplace.social
Tweets: @evacide, @jsrailton, @zackwhittaker, and @jsrailton
| 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, Fox News, TechCrunch, PCMag, NBC News, Windows Central, Fortune, New York Post, Gizmodo, & More Newsletter, Unknown Rhythms, BGR, Android Authority, 9to5Mac, Music Ally, VentureBeat, Mashable, Android Headlines, Variety, MUO, MobileSyrup, Laptop Mag, Variety, All This Is True, Adweek, USA Today, Engadget, The Indian Express, and Wall Street Journal
Tweets: @musicstruggles1, @0xgaut, @carnage4life, @anthony, @brandonwong1004, and @jackmaccfb
| 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, Ars Technica, Thurrott, Gizmodo, Forbes, 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.| 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, Gizmodo, Bloomberg, Airbnb Newsroom, Dror Poleg, PYMNTS.com, and CNBC
Tweets: @tsoh_investing and @drorpoleg
| 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.
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Law Street Media and HEAVY METAL EMAIL
| 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
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TheStreet, The Verge, Insider, Telecoms Tech News, Engadget, and Light Reading. Tweets: @lorakolodny
| 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
| 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, and @mdudas
| 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| 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 … | Annie Lowrey / The Atlantic: |
Surveys: as of 2021, Black Americans were more likely than their white counterparts to own crypto and more likely to own crypto than stocks or mutual funds — Two years ago, a Maryland-based information-technology specialist—who asked to remain anonymous for reasons that will become apparent in a minute …
Tweets: @dkthomp, @phil_lewis_, @_shamgod, @willbredderman, @raadzzi, @slangdini, @zellnor4ny, and @_zeets
| 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 …
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Business Wire
| 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 …
More:
Maersk, CoinDesk, Computerworld, Tech Monitor, SiliconANGLE, Supply Chain Dive, The Register, Coinspeaker, and crypto.news
Tweets: @pbrody, @paddi_hansen, @davidgerard, @wublockchain, @irinaheaver, @mc_of_a, @effortcapital, and @ercwl
| Alex Cranz / The Verge: |
Amazon Kindle Scribe review: great battery, display, and accessories, but lackluster notetaking, outdated document syncing and software, and small writing delay — Amazon's biggest Kindle ever is also the first to let you pair it with a stylus for note-taking.
More:
Engadget, ZDNet, PCMag, Washington Post, CNET, Digital Trends, and TechCrunch
Tweets: @pierce and @alexhcranz
| 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.
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Engadget, Insider, Semafor, and @igd_news@kolektiva.social
Tweets: @micahflee, @wrkclasshistory, and @dulhunty
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