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November 30, 2022, 3:40 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, Reuters, The Register, iMore, Philip Elmer‑DeWitt, South China Morning Post, CNBC, SlashGear, Insider, Bloomberg, 9to5Mac, CoinDesk, BGR, AppleInsider, iPhone in Canada Blog, and Neowin
Tweets: @williamyang120, @jchengwsj, 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 … | 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.
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Bloomberg, Insider, and New York Post
| 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
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The Verge, Axios, Bloomberg, and Business Wire
| Marco Quiroz-Gutierrez / Fortune: |
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CoinDesk, The Guardian, Coffeezilla on YouTube, Gizmodo, CoinDesk, Decrypt, crypto.news, Newser, Watcher Guru, CryptoSlate, Coinspeaker, and Bitcoin News
Tweets: @pelositracker_, @cmsintern, @tiffanyfong_, @coffeebreak_yt, @doombergt, @lib_crusher, @tiffanyfong_, @autismcapital, @grdecter, @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, @unusual_whales, @wublockchain, @jbarro, @steventdennis, @zerohedge, @billym2k, @jsrailton, @0xtuba, @fluentinfinance, @coffeebreak_yt, @icebergy_, @autismcapital, @zerohedge, @jsrailton, @epsilontheory, @pdmcleod, and @wyatt_privilege
| 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, The Verge, PYMNTS.com, San Francisco Business Journal, Crunchbase News, Decrypt, CNBC, The Information, Barron's Online, Bloomberg, Finextra, TechCrunch, Neowin, Livemint, The Block, and Reuters
Tweets: @jespow, @jeffjohnroberts, @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 …
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European Central Bank, Finbold, RTÉ, The Guardian, The Daily Hodl, Ian Dyer, Bitcoin News, The Crypto Basic, CryptoSlate, CNBC, Gizmodo, Cointelegraph, TechSpot, 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, and @ben_mckenzie
| 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.
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DoorDash Newsroom, TechCrunch, CNBC, CNN, The Information, Silicon Valley Business …, 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, 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.
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Binance Blog, Binance, 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
| 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, Decipher, BleepingComputer, CyberScoop, SecurityWeek, Bloomberg, Dark Reading, Search Engine Journal, and @GossiTheDog@cyberplace.social
Tweets: @evacide, @jsrailton, @zackwhittaker, and @jsrailton
| 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.
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Uniswap Protocol, The Block, Metaverse Post, crypto.news, Cointelegraph, CoinGape, Ethereum World News, Blockworks, CoinDesk, and Decrypt
Tweets: @uniswap and @haydenzadams
| 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, NBC News, PCMag, New York Post, Windows Central, & More Newsletter, Unknown Rhythms, Fortune, Gizmodo, Music Ally, VentureBeat, BGR, Mashable, Android Headlines, Variety, MUO, MobileSyrup, Laptop Mag, 9to5Mac, 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, Gizmodo, Engadget, Ars Technica, Thurrott, Forbes, MobileSyrup, Washington Post, New York Magazine, The Register, and Insider
| 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.
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Wall Street Journal, Airbnb Newsroom, Gizmodo, Bloomberg, Dror Poleg, CNBC, and PYMNTS.com
Tweets: @tsoh_investing and @drorpoleg
| 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.
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Silvermint and 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| 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
| 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
| 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 … | 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
| 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, Light Reading, and Engadget
| 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 … | 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
| 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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