Techmeme
December 12, 2022, 1:45 PM

Top News

Reuters:
Sources: US prosecutors are split on charging Binance and its executives over money laundering and sanctions violations and have discussed potential plea deals  —  Splits between U.S. Department of Justice prosecutors are delaying the conclusion of a long-running criminal investigation …
Jonathan Weil / Wall Street Journal:
Mazars' Binance “proof of reserve” report covers only some assets and liabilities and doesn't vouch for the numbers or assess internal reporting controls  —  Crypto exchange has begun releasing data to shore up confidence following collapse of FTX  —  Crypto's Crash Has Been Swift but Largely Self-Contained.
André Beganski / Decrypt:
Binance CEO Changpeng Zhao acknowledges temporarily restricting accounts over “abnormal” altcoin trading, following a spat with a high-profile crypto trader  —  The company says the observed activity had nothing to do with compromised accounts or leaked API keys.
Bloomberg:
Microsoft acquires a 4% stake in the London Stock Exchange, valued at ~£1.6B, as part of a 10-year deal in which LSEG plans to spend $2.8B+ on cloud services  —  Microsoft Corp. agreed to buy a 4% stake in London Stock Exchange Group Plc in a $2.8 billion cloud-computing deal that pushes big tech further into financial markets.
Bloomberg:
Sources: the Netherlands and Japan agree in principle to join the US in tightening chipmaking exports to China and limit its ability to obtain advanced chips  —  Japan and the Netherlands have agreed in principle to join the US in tightening controls over the export of advanced chipmaking machinery to China …
Jordan Middler / Video Games Chronicle:
Microsoft Gaming CEO Phil Spencer says Sony opposes the Activision Blizzard deal to “protect its dominance on the console” and to grow by “making Xbox smaller”  —  In the latest war of words over its proposed acquisition of Activision Blizzard, Microsoft's Gaming CEO …
Adam Serwer / The Atlantic:
How conservatives redefined free speech in the social media era, using the First Amendment to claim a “right to post” on platforms run by private companies  —  Early December might have marked the first time anyone ever asserted a First Amendment right to see the president's son's penis …
Song Jung-a / Financial Times:
South Korean prosecutors believe Do Kwon, who founded the collapsed UST and LUNA tokens, is hiding in Serbia after traveling via Dubai from Singapore in October  —  Prosecutors seek co-operation with Belgrade as search intensifies for Terraform chief  —  South Korean prosecutors believe that Do Kwon …
Wall Street Journal:
A look at the role of SBF's parents Joseph Bankman and Barbara Fried in FTX's rise; the Stanford Law professors have stayed in the Bahamas after FTX's collapse  —  Joseph Bankman and Barbara Fried, both professors at Stanford Law, have remained in the Bahamas with their son since his firm's collapse
Kyle Wiggers / TechCrunch:
MessageGears, a customer engagement service rivaling startups like MoEngage, raised $62M led by Long Ridge Equity Partners, bringing its total funding to $80M+  —  Dan Roy, a former software engineer at Delta, says he witnessed firsthand the challenges companies face when making the shift …
Krisztian Sandor / CoinDesk:
A look at what went wrong at decentralized lending protocol Maple Finance, as $54M in loans, or 66% of its lending pools, turn bad and what could happen next  —  Maple Finance, the largest unsecured crypto lending platform, is grappling with a debt crisis while gearing up for a major system upgrade.
Yuvraj Malik / Reuters:
Private equity firm Thoma Bravo agrees to acquire enterprise spending management software maker Coupa for $8B in cash, a 30.5% premium on Friday's closing price  —  Coupa Software Inc (COUP.O) said on Monday it will sell itself to private equity major Thoma Bravo for $6.15 billion in cash …
Jules Wang / Android Police:
Xiaomi announces the ~$575 Xiaomi 13 and ~$720 Xiaomi 13 Pro, adding a Snapdragon 8 Gen 2 chipset, available in China, and the Watch S2, Buds 4, and more  —  When it comes to cameras, Leica's all about the focal lengths … Xiaomi has become a perennial player in the Qualcomm stakes …

Sponsor Posts

Meta:
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.
Zoho:
Transform sales efficiency with VoIP-CRM integration  —  This is a guest post by CallHippo.  Sales efficiency is critical for success in today's competitive business landscape.  However, many businesses struggle …
Genesys:
Executive Insights: The Era of Contact Center AI Copilots  —  How AI copilots are transforming customer experience and agent performance.
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.
Techmeme Ride Home:
Wed. 12/18 - Is Your Home Internet Router About To Be Banned?
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 1:45 PM ET, December 12, 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

Reuters:
Benj Edwards / Ars Technica:

Earlier Picks

Igor Bonifacic / Engadget:
Bloomberg: