Techmeme
November 30, 2022, 4:35 PM

Top News

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.
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
Marco Quiroz-Gutierrez / Fortune:
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 …
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 …
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 …
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.
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.
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 …
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.
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.
Platformer:
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.
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.
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
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.
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 …

Sponsor Posts

Tribe AI:
Build AI products that matter  —  Tribe AI helps organizations rapidly deploy AI solutions that have real business impact.  We bring together world class AI talent and tooling to drive differentiated results.
Zoho:
How you can grow your business with Zoho One  —  Zoho One is a comprehensive business suite, giving businesses the scalability, stability, security, and features they need for smooth operations.
Hamming:
Make AI Voice Agents trustworthy  —  Hamming AI automatically tests AI voice agents and continuously monitors them in production.
Techmeme Leaderboards:
Discover the top reporters on AI, VR, policy, and much more  —  We've analyzed Techmeme's news crawl to identify the most influential and prolific writers on 48 news topics.  Download reports immediately for just $100.
Techmeme Ride Home:
Wed. 11/13 - Amazon Haul
The day's tech news, every day at 5pm ET. Fifteen minutes and you're up to date.
Subscribe via Apple Podcasts, Spotify, or RSS.
 

About This Page

This is a Techmeme archive page. It shows how the site appeared at 4:35 PM ET, November 30, 2022.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

More News

CNBC:
The Intercept:

Earlier Picks

Christiana Loureiro / The Block: