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December 6, 2022, 11:10 AM
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memeorandum
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| Matt Levine / Bloomberg: |
Unpacking the 2022 crypto credit crisis and its parallels with the 2008 financial crisis by analyzing Three Arrows Capital's collapse, FTX's implosion, and more — The crypto financial crisis of 2022 — Apparently the way it works is that if you blow up a big crypto firm …
More:
The Block, Wccftech, crypto.news, CoinGape, CryptoSlate, and The Economic Times
| Joshua Oliver / Financial Times: |
Filing: US bank Silvergate confirms processing wire transfers for traders on Alameda, claiming to have conducted “extensive due diligence” on FTX and Alameda — Federal Reserve-regulated company says it performed ‘significant due diligence’ on FTX and Alameda Research
More:
NBC News, SEC.gov, CoinDesk, Decrypt, Cryptonews, and Crowdfund Insider
Tweets: @katie_martin_fx, @jcoviedo6, @hkanji, @eliotwb, and @wublockchain
| Brad Smith / Wall Street Journal: |
Microsoft's president discusses the FTC reportedly blocking the Activision Blizzard acquisition and says the company offered Sony a 10-year Call of Duty deal — Far from harming competition, it'll allow us to compete against more powerful companies through innovation.
More:
The Hill, CNBC, Pocket-lint, KitGuru, Video Games Chronicle, Coinspeaker, MSPoweruser, TrueAchievements, FOSS Patents, Gameranx, Wccftech, Appuals.com, and GamingBolt
Tweets: @bradsmi, @parismarx, @charlieintel, @profwrightgmu, @cwaunion, @logmey92, @carlquintanilla, @jongraywb, @uniglobalunion, and @benedictevans
| Rebekah Valentine / IGN: |
More:
Thurrott, ExtremeTech, OnMSFT.com, Push Square, TechRadar, Pocket-lint, and MSPoweruser
Tweets: @alexhern, @wario64, @ohnoitsalexx, @infrarogue89, @moatxsx, @stephentotilo, @thenintendofeed, @zhugeex, @stephentotilo, @benjisales, and @vicious696
| Jon Porter / The Verge: |
Google brings continuous scrolling to desktop search in English in the US, loading six pages of results, after a similar change on mobile in October 2021 — Google's search results on desktop will load in a continuous scroll instead of dividing into pages, the company has announced.
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9to5Google, Search Engine Land, XDA Developers, Thurrott, Macworld, Engadget, Digit, SlashGear, BGR, MacRumors, WRAL TechWire, TechCrunch, Search Engine Roundtable, and SamNews 24
Tweets: @google, @bdsams, @carnage4life, @thevunderkind, @moraitakis, @sub8u, @tonyw, and @championswimmer
| Financial Times: |
TSMC plans to more than triple its Arizona investment to $40B, building a fab for 3nm chips, set to open in 2026, and making 4nm chips in its fab for 5nm chips — President Biden to hail Taiwanese chipmaker's second plant as boost for US manufacturing — Taiwan Semiconductor Manufacturing Company … | Rachael Levy / Reuters: |
Sources: the US Department of Agriculture is investigating Neuralink for potential animal welfare violations after staff complaints over rushed animal testing — Elon Musk's Neuralink, a medical device company, is under federal investigation for potential animal-welfare violations amid …
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The Hill, The Information, Fortune, The Verge, Digit, Sky News, Daily Mail, Forbes, SlashGear, CoinGape, The Daily Beast, Watcher Guru, and Mashable
Tweets: @rachael_levy, @marionawfal, @thephilosotroll, @green_footballs, @realspikecohen, @paraschopra, @avi_bueno, @ct_bergstrom, @robertskvarla, @mattbinder, @bradheath, @ct_bergstrom, @rachael_levy, @rachelmetz, @rafaelshimunov, @wallstreetbets, @rafaelshimunov, @unusual_whales, @reuters, @mattbc, @parismarx, @avi_bueno, @shalingala, @politicussarah, @jasonleopold, @avi_bueno, and @rafaelshimunov
| Sam Altman / @sama: |
OpenAI CEO Sam Altman says ChatGPT crossed 1M users in five days and the company will monetize the tool eventually as the compute costs are “eye-watering” — ChatGPT launched on wednesday. today it crossed 1 million users!
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BleepingComputer, MIT Technology Review, Skift, Platformer, TechCircle, Metaverse Post, CNET, Silicon Republic, and Hello Universe
Tweets: @sama, @sama, @michaelmartocci, @sama, @elonmusk, @razibkhan, @kyleofthecorn, and @barret_zoph
| Ben Thompson / Stratechery: |
More:
The Block, Washington Post, The Guardian, Meta Stack Overflow, vitalik.eth.limo, Rozado's Visual Analytics, @davidgerard@circumstances.run, @timbray@mastodon.cloud, @adactio@mastodon.social, AI Snake Oil, How to E-commerce, Interconnected, VICE, Tech in Asia, HackerNoon, and Livemint
Tweets: @jdjkelly, @tqbf, @spiantado, @goodside, @davidtsong, @goodside, @zackkorman, @itstimconnors, @moyix, @sytelus, @raphaelmilliere, @jtriest, @rreverser, @levie, @pmarca, @alexhern, @miles_brundage, @zoink, @michlbrmly, @gfodor, @fchollet, @anothercohen, @elonmusk, @htmleverything, @vitalikbuterin, @donie, @nxthompson, @katebevan, @peteskomoroch, @jamespoulos, @rsgnl, and @altcoinpsycho
| Adi Robertson / The Verge: |
Meta's Oversight Board releases a report on the controversial cross-check moderation system, citing “shortcomings” and calling for “radically” more transparency — Meta's Oversight Board has released an in-depth report on Facebook and Instagram's controversial cross-check system … | Reuters: |
Goldman Sachs plans to spend tens of millions of dollars to buy or invest in crypto companies after FTX's collapse hit valuations and dampened investor interest — Goldman Sachs (GS.N) plans to spend tens of millions of dollars to buy or invest in crypto companies after the collapse …
More:
Finextra, CoinDesk, PYMNTS.com, crypto.news, Cointelegraph, NewsBTC, CoinGape, Coinspeaker, CryptoPotato, and The Block
Tweets: @epro, @thousandbtc, @pastore1314, and @0x_malcolm
| Tim Hardwick / MacRumors: |
Apple launches its Self Service Repair program in Belgium, France, Germany, Italy, Poland, Spain, Sweden, and the UK, the first expansion outside the US — Apple today announced it has launched its self-service repair program in Europe, extending the program beyond the United States for the first time.
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Apple, Appleosophy, TechCrunch, PCMag, ZDNet, Tom's Hardware, 9to5Mac, BBC, XDA Developers, iDownloadBlog.com, WinBuzzer, Engadget, Cult of Mac, Digital Photography Review, AppleInsider, Neowin, T3, Pocket-lint, BetaNews, The Verge, Bloomberg, Patently Apple, The Guardian, and iMore. Tweets: @waxeditorial
| Sam Schechner / Wall Street Journal: |
Sources: EU privacy regulators rule that Meta's TOS should not require that users agree to personalized ads based on their online activity; Meta can appeal — EU privacy regulators say Facebook and Instagram shouldn't use their terms of service to require users to accept ads based on their digital activity| John Seabrook / New Yorker: |
How a young generation of musicians use TikTok, amassing huge followings but making little money, while some older musicians remain opposed to the platform — The social-media platform is transforming the music industry. Is that a good thing? … In December, 2020, after spending nine months …
More:
National Review, The Hill, and Slice of Shy
Tweets: @danishacarter4, @newyorker, and @flomachinenews
| Sam Kessler / CoinDesk: |
After criticism from users, ConsenSys revises MetaMask's data collection practices, including stopping logging IP addresses directly alongside transaction data — ConsenSys clarified its data sharing practices and said it will rebuild MetaMaks' settings page to address user concerns.| Steven Levy / Wired: |
A look at Tony Fadell's new Ledger Stax crypto hardware wallet with an E Ink touchscreen, manufactured by Foxconn for Ledger and debuting on December 6 for $279 — The product guru made Ledger's new hardware wallet—a tiny vault for digital cash—flashy and fun. Plus, with this gadget you'll never get FTX'd.
More:
CoinDesk, TechCrunch, Reuters, The Block, Fortune, Cointelegraph, CNBC, Bitcoin Magazine, and CoinGape
Tweets: @stevenlevy, @ledger, @ledger, @ledger, and @ledger
| Jon Swartz / MarketWatch: |
Meta threatens to consider removing news from its apps if Congress passes Senator Klobuchar's “ill-considered” Journalism Competition and Preservation Act — Bill would allow news organizations to band together to negotiate for a larger share of online advertising revenue
More:
Financial Times, Axios, Insider, Mercury News, Coinspeaker, The Register, MediaNama, TechCircle, Wall Street Journal, Patently Apple, and BBC
Tweets: @andymstone, @evan_greer, @econliberties, @mattyglesias, @scottbrodbeck, @scottbrodbeck, @dicktofel, @daphnehk, @benedictevans, @jonschweppe, @ewerickson, @benedictevans, @jason_kint, @benedictevans, @daphnehk, @kantrowitz, @jason_kint, @benedictevans, @tomfelle, @benedictevans, @benedictevans, @jeffjarvis, @mikewehner, @daphnehk, @jeffjarvis, @maxkennerly, @oliverdarcy, @jeffjarvis, @mattdpearce, @elkmovie, @jaysvoboda, @bendreyfuss, @m_wacker, @__gabbymiller, @bendreyfuss, @courtneyr, @mattdpearce, @owillis, @mh4oh, @bgrueskin, @bgrueskin, @cameronwilson, @bgrueskin, @fernandorgallo, @kyleorl, @mclendaniel, @viacristiano, @bendreyfuss, @jeffhorwitz, and @fboversight
| Financial Times: |
Sources: the UK Treasury finalizes expanded crypto regulation plans, including letting the FCA restrict how companies run and advertise, after FTX's implosion — Implosion of FTX injects fresh urgency into government's pledge to impose order — The Treasury is finalising plans for a package …
More:
CoinDesk, Coinspeaker, The Block, Bloomberg, Cointelegraph, Bitcoinist.com, ExchangeWire.com, crypto.news, and Watcher Guru
Tweets: @matthewstoller, @martincloake, @davidheniguk, @mc_of_a, and @thestalwart
| Aisha Malik / TechCrunch: |
Snapchat partners with Adidas to launch a Bitmoji Fashion Drop, giving users a limited time to buy an item they can only acquire with Snap Tokens, a first — Snapchat announced today that it's partnering with Adidas to launch a new Bitmoji Fashion Drop, giving users access to exclusive merchandise.| Financial Times: |
A look at a spreadsheet SBF used in November that lists ~500 alleged VC investments by Alameda, including in Genesis, Sky Mavis, Paxos, StarkWare, and Anchorage — A look inside Sam and Caroline's grab-bag of crypto, etc. — As well as running a crypto exchange that didn't exchange crypto … | Newley Purnell / Wall Street Journal: |
Hong Kong officials and legislators criticize Google over a pro-democracy song, “Glory to Hong Kong”, appearing among the top results for the national anthem — Officials and lawmakers call on company to alter its results page to show China's national anthem instead of a song made popular by antigovernment protesters
Tweets: @tripperheadtoo, @shiraovide, and @newley
| Mary Ann Azevedo / TechCrunch: |
Robinhood launches a waitlist for Robinhood Retirement, which it calls the “first and only” IRA with a 1% match on every eligible dollar contributed — Fintech says its will offer a 1% match on every eligible dollar contributed to its IRAs — Retail trading app Robinhood is entering the retirement game.
More:
Associated Press, Under the Hood, Fortune, Crowdfund Insider, and FinSMEs
| Ben Schoon / 9to5Google: |
Amazon updates its Luna game streaming service to let users play Ubisoft PC games they own without having to pay the $17.99 per month subscription — Amazon Luna is one of the better cloud gaming options if you play a lot of Ubisoft titles, and it's getting a big upgrade this week.
More:
The Verge
| Pranav Dixit / BuzzFeed News: |
Some laid-off tech workers on H-1B visas from Meta, Shopify, Twitter, and other tech companies say their employers did not provide adequate immigration support — Some former tech employees on work visas in the US are experiencing an existential crisis: “Is it worth staying here for a job and country that doesn't care about you?”Sponsor Posts
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Benjamin Mullin / New York Times:Robbie Whelan / Wall Street Journal:
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