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December 20, 2022, 6:45 PM
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| Joshua Oliver / Financial Times: |
FTX plans to recoup political donations by Sam Bankman-Fried and his associates, estimated at $70M+ in the 2021-2022 election cycle, to help repay creditors — Crypto group's new management says if funds are not returned voluntarily it will pursue recipients in court
More:
FTX, The Guardian, CNBC, Decrypt, Crypto Briefing, Cointelegraph, CoinDesk, Watcher Guru, City A.M., Gizmodo, Decrypt, The Information, and Cryptonews
| Tracy Wang / CoinDesk: |
A look at Modulo Capital, a mysterious multi-strategy hedge fund founded in 2022 that received $400M from Alameda and is based in the same Bahamas resort as FTX — Founded in early 2022, Modulo operated out of the same luxury Bahamian condominium community where Sam Bankman-Fried and other FTX employees lived.
More:
PYMNTS.com. Tweets: @founderannie, @jcoviedo6, @smtuffy, @smtuffy, @hsakatrades, @fxmacro, @mattwalshinbos, @0x_tracy, and @hsakatrades
| Sara Fischer / Axios: |
More:
Observer and Cointelegraph
Tweets: @parkermolloy, @nsbarsky, @ivanthek, @seanismoney, @davidgura, @kenvogel, @markamesexiled, @rachelhaot, and @kleinmatic
| Washington Post: |
More:
Al Jazeera, The Information, The Block, New York Times, Reuters, New York Post, Washington Post, CNBC, ABC News, CNN, CryptoSlate, Crowdfund Insider, Bitcoinist.com, ZyCrypto, Protos, and Bloomberg
Tweets: @tiffanyfong_, @eleanorterrett, @eleanorterrett, @epsilontheory, @northmantrader, @ap_archpublic, @bitboy_crypto, @scottmelker, @edzitron, @thebiscuitjesus, @ctdeleted, @martypartymusic, @iamdcinvestor, @laurashin, @givnerariel, @dealbook, @guardiannassau, @milesdeutscher, @realchetblong, @martadhanis, @guardiannassau, @barstoolfinance, @zerohedge, @renato_mariotti, @john_hudson, @washingtonpost, and @trengriffin
| Brian Fung / CNN: |
SEC deposition: in 2017, Zuckerberg considered saying Facebook was investigating “organizations like Cambridge Analytica”, before advisers suggested against it — Mark Zuckerberg considered disclosing in 2017 that Facebook (FB) was investigating “organizations like Cambridge Analytica” …
More:
Gizmodo, Reuters, SEC, Engadget, Real Facebook Oversight Board, Silicon UK, and Slashdot
Tweets: @aoc, @zamaan_qureshi, @jason_kint, @econliberties, @jason_kint, @jason_kint, @profcarroll, and @peard33
| Lee Fang / The Intercept: |
Internal documents show that, going back to 2017, Twitter worked with the Pentagon to whitelist CENTCOM accounts used in online foreign influence campaigns — Twitter executives have claimed for years that the company makes concerted efforts to detect and thwart government-backed covert propaganda campaigns on its platform.
More:
New York Post, Rolling Stone, and Euphoric Recall
Tweets: @lhfang, @lhfang, @dnvolz, @ryangrim, and @mikeisaac
| Alex Stamos / @alex@cybervillains.com: |
Elon Musk is amplifying false claims the FBI “paid Twitter millions” to “censor info from the public”; law enforcement reimburses companies for data requests — This claim is false. Law enforcement has the ability to get stored communications from companies like Twitter under 18 USC 2703(d).
More:
Techdirt, New York Post, The Libertarian Institute, and Michael Shellenberger
Mastodon: @malwaretech@infosec.exchange, @alex@cybervillains.com, @malwaretech@infosec.exchange, @mattblaze@federate.social, and @malwaretech@infosec.exchange
Tweets: @shellenbergermd, @techdirt, @elonmusk, @mtaibbi, @alexstamos, @claudiatenney, @shellenbergermd, @levynews, @chuckrossdc, @jules_su, @tedlieu, @ggreenwald, @elonmusk, @blakersdozen, @donaldcclarke, @mtracey, @elonmusk, @martinsfp, @rubinreport, @martinsfp, @davidsacks, @hawleymo, @nicoleperlroth, @shellenbergermd, @mmasnick, @mathewi, @ericlevitz, @nichcarlson, and @elonmusk
| Bloomberg: |
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CNBC, Yahoo Finance, Fortune, PYMNTS.com, BBC, CNN, Mercury News, Babylon Bee, iMore, NBC News, MobileSyrup, New York Post, Livemint, Gamereactor UK, iPhone in Canada Blog, Tech Xplore, Coinspeaker, Gizmodo, Kotaku Australia, CoinGape, Insider, and The Guardian
Mastodon: @johnmcquaid@journa.host, @howelloneill@infosec.exchange, and @GossiTheDog@cyberplace.social
Tweets: @elonmusk, @bestofdyingtwit, @unfilteredboss1, @elonmusk, @zachsilberberg, @kimdotcom, @kimdotcom, @hasanthehun, @ashleyfeinberg, @scriban2, @elonmusk, @james_dator, @studentactivism, @tighesammy, @dellcam, @altyellonatpark, @lexnfx, @tedlieu, @drskyskull, @jesawyer, @ldrogen, @wholemarsblog, and @davedufournba
| Kyle Wiggers / TechCrunch: |
OpenAI open sources Point-E, a machine learning system that generates and displays a 3D object from a text prompt in one to two minutes on an Nvidia V100 GPU — The next breakthrough to take the AI world by storm might be 3D model generators. This week, OpenAI open-sourced Point-E …
More:
GitHub, Engadget, arXiv.org, Social Media Today, and Analytics India Magazine
Tweets: @drjimfan, @drjimfan, @timkietzmann, @mark_riedl, @_akhaliq, and @osanseviero
| Aisha Malik / TechCrunch: |
TikTok begins telling users why a video was in their For You feed, such as content watched, likes, shares, comments, searches, followed accounts, or region — TikTok is launching a new feature that allows users to see why a particular video was recommended to them in their For You feed, the company announced on Tuesday.
More:
TikTok, ZDNet, Insider, Social Media Today, Axios, Rolling Stone, Search Engine Journal, Adweek, The Verge, CNN, iPhone in Canada Blog, Engadget, KnowTechie, 9to5Mac, Tubefilter, MobileSyrup, and Mashable
| Ivan Mehta / TechCrunch: |
Twitter pilots Blue for Business with select accounts, helping companies identify brands and key employees via badges, but doesn't share other perks and pricing — Twitter launched “Blue for Business” last week alongside relaunching Twitter Blue. At that time, the social network had assigned a gold checkmark to businesses.
More:
Mashable, Search Engine Journal, The Verge, Android Central, MobileSyrup, MSPoweruser, Adweek, PCMag, Insider, and Thurrott
Tweets: @twitterbusiness, @twittersupport, @esthercrawford, @faizsays, @twitterbusiness, @davidsacks, @petermccormack, @femkesvs, @sharonodea, @beewol, @__apf__, @adamparkhomenko, @evanstnlyjones, @gissisim, @esthercrawford, @jason, @evacide, @jpbrammer, @denysully, @advodude, @tharriesyt, @jack, @jack, @johnlevenstein, @jamesrbuk, @jason, @kendallybrown, @ianfortey, @alexplank, @islimfit, @teslaownerssv, @lanceulanoff, @chippygamingyt, @opinonhaver, and @carnage4life
| Sam Schechner / Wall Street Journal: |
Amazon agrees to settle two EU antitrust cases related to third-party sellers on its platform, won't pay a fine, and will make commitments for up to seven years — Amazon.com Inc. has agreed to settle two European Union antitrust cases related to allegations about its treatment …
More:
European Commission, New York Times, PCMag, Thurrott, Associated Press, The Register, CNBC, Bloomberg, Politico, SiliconANGLE, Silicon Republic, New York Times, CNN, Financial Times, Ars Technica, Gizmodo, TechCrunch, Reuters, The Information, Engadget, The Verge, PYMNTS.com, and RTÉ
Tweets: @deitaone, @lutherlowe, @samuelstolton, @arianna_podesta, @eu_competition, @vestager, @arcapde, @jcbcp, and @mariskreizman
| James Reddick / The Record: |
US prosecutors say two men conspired with Russian hackers to tamper with JFK airport's taxi queuing software, allegedly letting drivers cut the line for a fee — Two Queens men have been arrested and are facing up to 10 years in prison on charges that they conspired with Russian hackers …
More:
Department of Justice, CyberScoop, The Register, New York Post, Associated Press, StateScoop, and Bloomberg
Tweets: @ericgarland, @jessespector, and @therecord_media
| Thomas Brewster / Forbes: |
The DEA finds a Mexico-based methamphetamine and cocaine gang working in the US, Mexico, Europe, and Australia used Binance to launder $15M to $40M in proceeds — A methamphetamine and cocaine gang operating across the U.S., Mexico, Europe and Australia used the world's biggest cryptocurrency …
More:
Reuters. Tweets: @bitfinexed, @eliotwb, @silvermanjacob, @charlesarthur, @iblametom, and @hkanji
| Sara Fischer / Axios: |
Insider Intelligence: Google will capture 28.8% of US digital ad revenue in 2022 and Meta will grab 19.6%, for a combined 48.4%, down from a 54.7% peak in 2017 — Google and Meta, known together in the ad industry as the “duopoly,” are expected to bring in less than half of all U.S. digital advertising …
Tweets: @adrianweckler, @pt, @mattnavarra, @sarafischer, @convergencetr, and @pressgazette
| Jay Peters / The Verge: |
Mastodon CEO Eugen Rochko says the social network reached 2.5M MAUs in November 2022, up from around 300,000 MAUs in October, as Twitter users flee the service — Mastodon, a decentralized social media platform that many are turning to as a Twitter alternative, saw its userbase skyrocket …
More:
Official Mastodon Blog, New York Post, KnowTechie, Softpedia News, WinBuzzer, PCMag, and CNN
Tweets: @sandofsky, @parismarx, @mr_james_c, @mr_james_c, @mattcassinelli, and @werty
| Cheng Ting-Fang / Nikkei Asia: |
Sources: in a first, Apple plans to move some MacBook production to Vietnam in 2023, asking Foxconn to begin as early as May, to further diversify from China — iPhone maker aims to have ‘out of China’ production alternatives for key products — TAIPEI — Apple plans to move …
More:
MacRumors, Tom's Hardware, Wccftech, iThinkDifferent, MacDailyNews, 9to5Mac, CNBC, iPhone Hacks, Appuals.com, South China Morning Post, PingWest, Apple Must, iPhone in Canada Blog, BGR India, and iClarified
Tweets: @dancollins2011, @jeff4malaysia, and @kentaro_iwamoto
| Jeff Kauflin / Forbes: |
A profile of London-based crypto trading firm Wintermute in the aftermath of UST and FTX's implosion and a $160M hack, as revenue dramatically declined in 2022 — By deftly navigating crypto's frontier markets and winning big on the collapse of Terra's stable coin, Wintermute has grown …
More:
The Block. Tweets: @jeffkauflin, @jeffkauflin, @hsakatrades, @jeffkauflin, @blockanalia, @delrayman, @avi_eisen, @avi_eisen, @jeffkauflin, @erikvoorhees, and @lsukernik
| Marta Belcher / CoinDesk: |
Senator Warren's Digital Asset Anti-Money Laundering Act would be a disaster for privacy and civil liberties by effectively surveilling all blockchain users — The proposal would turn blockchains into permissioned ledgers surveilled by centralized gatekeepers.
Tweets: @kurtopsahl, @jenniferjschulp, @naomibrockwell, @raineyreitman, and @evan_greer
| Nikhilesh De / CoinDesk: |
Over 100 BTC claimed to be inaccessible was moved out of cold wallets tied to QuadrigaCX, the exchange that went bankrupt in 2019 after its CEO allegedly died — More than 100 BTC tied to QuadrigaCX moved out of cold storage wallets over the weekend. Quadriga's bankruptcy trustee …
More:
Miller Thomson LLP, Cointelegraph, CryptoSlate, Bitcoinist.com, Watcher Guru, CoinJournal, Inside Bitcoins, and Blockworks
Tweets: @zachxbt, @crypto_mags, @zachxbt, @zachxbt, @trim_bot, @fullbeerbottle, @stephenpunwasi, @cryptadamist, @testinprodcap, @cmbarce1, @coins, @coindesk, and @nikhileshde
| Viola Zhou / Rest of World: |
Sources: Foxconn workers in Zhengzhou say they got COVID-19 in December 2022 and some were asked to keep working; one supervisor advised workers against testing — Sick workers say they're being asked to stay on the assembly line as Foxconn ramps up iPhone 14 Pro production.
More:
9to5Mac, MobileSyrup, iThinkDifferent, iMore, and BGR
Tweets: @bruce_arthur, @restofworld, @violazhouyi, @violazhouyi, @jerometaylor, and @rzhongnotes
| Mishaal Rahman / Esper Blog: |
Android and Google Chrome will soon no longer trust certificates from TrustCor Systems, following Firefox and Edge, over alleged ties to a US defense contractor — The world's biggest tech companies have lost confidence in one of the Internet's behind-the-scenes gatekeepers.| Rolfe Winkler / Wall Street Journal: |
BetterHelp, Cerebral, and other digital mental health companies are providing low quality care thanks to unprofessional therapists, a pressure to grow, and more — Heavy advertising and other strategies from Silicon Valley's playbook boost providers' growth but not the quality of care| Tabby Kinder / Financial Times: |
A drop in VC deals and a slow IPO market are pushing tech startups to debt-based options; Preqin: new VC deals fell 42% YoY to $286B from January to November — Tech founders seek creative financing solutions to sustain their businesses as venture capital dries up
More:
PitchBook and PYMNTS.com
| Norman Harsono / Bloomberg: |
Changpeng Zhao confirms Binance acquired nearly the remaining 49% stake in Indonesian crypto exchange Tokocrypto, which will cut 58% of jobs and replace its CEO — Binance Holdings Ltd.'s Indonesian unit is cutting jobs and replacing its top executive after the parent company took nearly full control over it.
Tweets: @cz_binance
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