Techmeme
December 10, 2022, 9:00 AM

Top News

Sara Fischer / Axios:
Sources: LLCs tied to the CEO of crypto news site The Block secretly received $43M in Alameda loans, used in part to buy and run the site; CEO has now resigned  —  The Block, a media company that says it covers crypto news independently, has been secretly funded for over a year with money funneled …
More: The Block, The Block, CoinDesk, TechCrunch, The Crypto Basic, The Economic Times, Crypto Daily, Bitcoinist.com, Crypto Adventure, Crypto Briefing, Bitcoin News, BTC Times, Insider, The Information, The Verge, crypto.news, CoinGape, Watcher Guru, Web3 is going just great, CryptoSlate, Cointelegraph, and Bitcoin Magazine
Bloomberg:
Source: the US DOJ is preparing a possible fraud case against Sam Bankman-Fried and others, examining cash flows to the Bahamas around FTX's bankruptcy filing  —  US prosecutors, laying the groundwork for a potential fraud case against Sam Bankman-Fried and others involved in the collapse …
Matthew Goldstein / New York Times:
SBF agrees to testify before a House committee on December 13 but remains quiet about a request from a Senate committee, which could issue a subpoena  —  The FTX founder said on Twitter he would appear before a House committee next week, but was quiet about a similar request from a Senate committee.
Emily Nicolle / Bloomberg:
Julia Shapero / The Hill:
Kurt Wagner / Bloomberg:
More: The Atlantic, Insider, What Is Really Going On, Gizmodo, MobileSyrup, and MindWar
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Nick Turner / Bloomberg:
New York Times:
The FTC will face hurdles to block Microsoft's Activision deal, as courts are skeptical of vertical merger challenges where two companies don't compete directly  —  Ms. Khan, the chair of the Federal Trade Commission, has staked an ambitious trustbusting agenda on a case that may be difficult to win.
CNBC:
A profile of Crypto.com CEO Kris Marszalek, who was involved in several failed ventures before founding the exchange, including an e-commerce company  —  - Before founding Crypto.com, Kris Marszalek was involved in multiple ventures that ended in collapse, including one where suppliers claimed they were unable to access their earnings.
Nick Baker / CoinDesk:
Derek Gatopoulos / Associated Press:
Lawmakers in Greece approved a legislation banning commercial spyware after the government of Prime Minister Kyriakos Mitsotakis was accused of surveillance  —  Lawmakers in Greece on Friday approved legislation banning commercial spyware and reforming rules for legally-sanctioned wiretaps …

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Earlier Picks

Sheila Dang / Reuters:
Chance Miller / 9to5Mac: