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December 6, 2022, 10:15 PM
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WeSmirchTop News
| Financial Times: |
A spreadsheet SBF used in November lists nearly 500 alleged VC investments by Alameda, including in Circle, 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 …
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Puck, Decrypt, CryptoPotato, and CryptoSlate
Tweets: @lawmaster, @arthur_0x, @adamscochran, @wublockchain, @tier10k, @jackfarley96, @brhnkcby61, @iankar_, @kadhim, @iamdcinvestor, @tree_of_alpha, @ldrogen, @ishanb22, @defiyst, @ldrogen, @tophcoins, @mayazi, @mattwalshinbos, @adamscochran, @whalecointalk, @lawmaster, @johnedeaton1, @deljohnsonvc, @drnicka, @katie_martin_fx, @forculus, @altcoingordon, @blockworks_, @lordnarfz0g, @tier10k, @gf_256, @tradermercury, @refsrc, @george_harrap, @0xmert_, @tree_of_alpha, @timccopeland, and @hsakatrades
| 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 …
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Watcher Guru, ZyCrypto, and Bitcoinist.com
| Gretchen Morgenson / NBC News: |
A look at Silvergate, one of the few US banks that let customers move dollars onto crypto exchanges, now drawing congressional scrutiny following FTX's collapse — Silvergate is one of the few U.S. banks that let customers move dollars onto crypto exchanges. FTX and related firms, like Alameda Research, had 20 Silvergate accounts.| Joshua Oliver / Financial Times: |
More:
SEC.gov, Benzinga, PYMNTS.com, U.S. Senator John Kennedy, The Block, and The Block
Tweets: @katie_martin_fx, @eliotwb, @autismcapital, @jcoviedo6, @alex_valaitis, @eliotwb, @mktwgoldstein, @hkanji, and @eliotwb
| Mark Gurman / Bloomberg: |
Sources: Apple reins in its ambitious self-driving plans for its electric vehicle, delayed to 2026, now with a steering wheel, pedals, and highway-only autonomy — Apple Inc. has scaled back ambitious self-driving plans for its future electric vehicle and postponed the car's target launch date … | Kif Leswing / CNBC: |
Apple, AMD, and Nvidia have all indicated plans to buy chips from TSMC's planned Arizona fabs — - Apple CEO Tim Cook spoke at an event in Arizona on Tuesday, ahead of remarks expected by President Joe Biden later in the day, where Cook confirmed Apple will buy chips built in the U.S.
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The Verge, XDA Developers, Bloomberg, Reuters, GSMArena.com, iClarified, Engadget, Barron's Online, MacRumors, iPhone in Canada Blog, BGR, SlashGear, iMore, and 9to5Mac
Tweets: @markgurman, @firstadopter, @greg_price11, and @craigchamberlin
| 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 … | Aaron Holmes / The Information: |
Sources: Microsoft recently considered building a “super app” that would combine shopping, messaging, search, news, and other services, inspired by WeChat — Microsoft recently considered building a “super app” that could combine shopping, messaging, web search …
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9to5Mac, Windows Central, BGR, Seeking Alpha, MobileSyrup, The Mac Observer, OnMSFT.com, PYMNTS.com, iThinkDifferent, and AppleInsider
Tweets: @aaronpholmes, @martinsfp, @daniel_rubino, @gregbensinger, @ruima, @stevemushero, @jessicalessin, @nihalmehta, and @amir
| 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 …
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Oversight Board, TheStreet, NPR, Platformer, Wall Street Journal, New York Times, The Guardian, Financial Times, Oversight Board, CNET, Daily Mail, Fortune, Sky News, UPI, Social Media Today, Red Herring, PCMag, Just The News, Mashable, Insider, The Daily Caller, WinBuzzer, Adweek, Newser, and Forbes
Tweets: @oversightboard, @nickclegg, @caseynewton, @jeffhorwitz, @katieharbath, @jason_kint, @evelyndouek, @oversightboard, @katieharbath, @klonick, @oversightboard, @adrianweckler, @jason_kint, @mattnavarra, @noupside, @katieharbath, @katieharbath, @katieharbath, @adrianweckler, @shiraovide, @newley, @jason_kint, @francescascpl, and @oversightboard
| 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.| 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, TechCrunch, SlashGear, Search Engine Journal, Pocket-lint, TechRadar, BigTechWire, WinBuzzer, and XDA Developers
Tweets: @google, @thevunderkind, @moraitakis, @tonyw, @championswimmer, @bdsams, and @sub8u
| Bloomberg: |
Hedge fund Fir Tree Capital sues Grayscale Investments for info on potential mismanagement, as GBTC, down ~74% YTD, trades at a ~43% discount to its BTC's value — Fir Tree Capital Management is suing Grayscale Investments for information to investigate potential mismanagement and conflicts …
More:
Cointelegraph, CoinDesk, and The Block
| Paul Sawers / TechCrunch: |
Loft Dynamics, which makes a VR training simulator for helicopter pilots, has raised $20M in a round led by Craft Ventures, Sky Dayton, and Up Partners — Loft Dynamics, a Swiss startup creating virtual reality (VR) simulation technology for helicopter pilots, has raised $20 million in funding …
More:
Loft Dynamics and SiliconANGLE
| Sam Kessler / CoinDesk: |
After criticism from users, ConsenSys revises MetaMask's data collection practices, including stopping logging IP addresses directly alongside transaction data — The firm clarified its data-sharing practices and said it will rebuild MetaMask's settings page to address user concerns.
More:
ConsenSys, Fortune, The Daily Hodl, Blockworks, crypto.news, CryptoPotato, CryptoSlate, and Cointelegraph
Tweets: @metamask, @metamask, @consensys, @consensys, @danfinlay, @infura_io, @wublockchain, @metamask, and @metamask
| Josh Eidelson / Bloomberg: |
The NLRB finds that Apple illegally interfered with union organizing in Atlanta by interrogating workers, making them attend anti-union meetings, and more — US labor board prosecutors have determined that Apple Inc. violated federal law by interrogating and coercing employees in Atlanta …
More:
Insider, Macworld, The Register, iPhone in Canada Blog, and Gizmodo
Tweets: @code_cwa and @apple_union
| 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.| Jason McMaster / VentureBeat: |
GameOn, which develops the AI chatbot ChatOS, used by major sports brands to connect with fans, raised a $35M Series B, bringing its total funding to $54M — Chat platform developer GameOn has raised $35 million in Series B funding. Mirae Asset Venture Investment, Mighty Capital … | Sergiu Gatlan / BleepingComputer: |
Rackspace confirms a ransomware attack is behind an ongoing outage to its hosted Microsoft Exchange services but says its other products are fully operational — Texas-based cloud computing provider Rackspace has confirmed today that a ransomware attack is behind its ongoing Hosted Exchange outage.| 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
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Ars Technica, Gizmodo, Reuters, noyb.eu, MarketWatch, Brookings, edpb.europa.eu, CNET, Reuters, Channel NewsAsia, TechCrunch, Tuko.co.ke, PYMNTS.com, Engadget, Fortune, and The Information
Tweets: @samschech, @jason_kint, @jason_kint, @eu_edpb, @wolfiechristl, @borrowed_ideas, @sgclark92, @mattnavarra, @tetsuwanastro, @sgclark92, @eric_seufert, @borrowed_ideas, @noybeu, @anewman_forward, @pch_news, @maxschrems, @borrowed_ideas, @robertjbateman, @borrowed_ideas, @kylebrussell, @jason_kint, @vmanancourt, @tetsuwanastro, @torvalstrom, and @annemariebridy
| Bill Toulas / BleepingComputer: |
Russia's second-largest bank, VTB, is hit with a large DDoS attack causing its apps and website to go offline; “IT Army of Ukraine” claims credit for the attack — Russia's second-largest financial institution VTB Bank says it is facing the worse cyberattack in its history …
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Security Affairs
| Wall Street Journal: |
Sources: the US-TikTok national security deal faces further delays as US officials fret over the app's risks; both sides agree Oracle will host TikTok's US data — U.S. officials say popular social-media platform poses a range of security concerns — WASHINGTON—A potential deal between …
More:
The Hill, The Information, Reuters, Journal Sentinel, Associated Press, and Tech Xplore
Tweets: @hughhewitt, @drewharwell, and @stuwoo
| Nilesh Christopher / Rest of World: |
How, in two years, JioMart grew to fulfill 600K grocery deliveries per day in 260 Indian cities, via WhatsApp integration and using Dunzo for last-mile delivery — In its first Diwali season, JioMart's daily sales grew by 2.5 times, with the company managing to shed its grocery-only image.| 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 Information, New York Post, CNBC, TechSpot, GameSpot, Pocket-lint, and OnMSFT.com
Tweets: @jongraywb, @profwrightgmu, @parismarx, and @carlquintanilla
| McKinsey & Company: |
A survey finds that while 50% of businesses have adopted AI in 2022, 2.5x higher than in 2017, AI adoption has plateaued between 50%-60% for the past few years — Adoption has more than doubled since 2017, though the proportion of organizations using AI 1 has plateaued between 50 and 60 percent for the past few years.
More:
VentureBeat
| Bloomberg: |
Nigeria's central bank slashes the daily ATM withdrawal limit from ~$337/day to ~$45/day in a bid to boost digital payments and eNaira digital currency adoption — Nigeria's central bank slashed the daily withdrawal limit from automatic teller machines in a bid to boost digital payments in Africa's most-populous nation.Sponsor Posts
Meta:
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Open Source AI: Available to all, not just the few — Meta's open source AI enables small businesses, start-ups, students, researchers and more to download and build with our models at no cost.
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.
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Zoho:
5 common accounting mistakes — This is a guest post by Yaali Bizappln Solutions. A lot of businesses manage their customers and finances on separate platforms. This disconnect often leads to missed invoices …
5 common accounting mistakes — This is a guest post by Yaali Bizappln Solutions. A lot of businesses manage their customers and finances on separate platforms. This disconnect often leads to missed invoices …
Hamming:
Make AI Voice Agents trustworthy — Hamming AI automatically tests AI voice agents and continuously monitors them in production.
Make AI Voice Agents trustworthy — Hamming AI automatically tests AI voice agents and continuously monitors them in production.Who's Hiring In Tech?
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