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December 24, 2022, 7:00 PM
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WeSmirchTop News
| Reuters: |
Plea hearing court transcript: Caroline Ellison said she and Sam Bankman-Fried knowingly misled investors, lenders, and customers that Alameda borrowed from FTX — Sam Bankman-Fried and other FTX executives received billions of dollars in secret loans from the crypto mogul's Alameda Research …
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Bloomberg, The Guardian, Wall Street Journal, Serious Trouble, New York Times, Associated Press, Insider, New York Post, Cryptonews, Cryptopolitan, crypto.news, TheStreet, The Daily Beast, Inside Bitcoins, Bloomberg, Financial Times, The Block, PYMNTS.com, Watcher Guru, Bitcoin News, CryptoSlate, Ethereum World News, Cointelegraph, Axios, Observer, and Attack of the 50 Foot …
Mastodon: @Popehat@mastodon.social. Tweets: @innercitypress, @innercitypress, @innercitypress, @innercitypress, @austen, @compound248, @paleofuture, @sirajahashmi, @qtrresearch, @charlesornstein, @zerohedge, @compound248, @reuterslegal, @tree_of_alpha, @crypto_coffee, @wublockchain, @mattgoldstein26, @watcherguru, @jbarro, @ahcastor, @cate_long, @wholemarsblog, @wublockchain, @goldtelegraph_, @mikemcdonald89, @jeffclarkus, @xrpcryptowolf, @lex_node, @wublockchain, @crypto_coffee, @stephofrnt, @paleofuture, @innercitypress, @invresdynamics, @cgasparino, @compound248, @ericbalchunas, @frank_giustra, @phil_lewis_, and @trengriffin
| Amanda Hoover / Wired: |
Mastodon's decentralized nature raises concerns about the liability of users running their own instances, under copyright and privacy laws around the world — As the niche, decentralized social networking platform rises in popularity, it faces rising costs, culture shifts—and potential legal risks.| Ingrid Lunden / TechCrunch: |
| Kenneth Li / Reuters: |
Twitter restores a feature that promotes suicide prevention hotlines and other safety resources, after reportedly removing it following an order by Elon Musk — Twitter Inc restored a feature that promoted suicide prevention hotlines and other safety resources to users looking up certain content …
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The Guardian, Insider, Engadget, The Guardian, Reuters, New York Post, BetaNews, Micky, Sky News, Neowin, and Livemint
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| Bloomberg: |
The 2022 crypto winter showed the digital asset ecosystem is more interconnected than many participants realize, despite decentralization being a core tenet — As 2021 came to a close, crypto enthusiasts were brimming with optimism. After all, it had been a banner year: Nonfungible tokens, or NFTs, had crossed into the mainstream.
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coinershub. Tweets: @emilyjnicolle, @ourielohayon, @emilyjnicolle, @elfsternberg, @crypto, and @crypto
| Joel Khalili / Wired: |
A look at some NFT utility cases like gaming, as NFT trading volume fell from $17B in January 2022 to $400M in November 2022, amid the crypto market slump — The market for non-fungible tokens took a nosedive this year. Now, die-hard evangelists think the key to success is finding different ways to use them.| Bloomberg: |
The FTC orders Mastercard to give its rivals customer data for processing debit card payments, alleging Mastercard used tokenization to block competing networks — The Federal Trade Commission ordered Mastercard Inc. to start providing its competitors with customer account information …
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Federal Trade Commission, Engadget, Reuters, PYMNTS.com, Spectrum News NY1, The Hill, and Forbes
Tweets: @linakhanftc, @ftc, and @chopracfpb
| Naomi Jagoda / Bloomberg: |
After pushback, the IRS delays requiring e-commerce apps such as Venmo, PayPal, Cash App, and Etsy to send tax forms to small businesses with $600+ transactions — The Internal Revenue Service is delaying a requirement for e-commerce platforms, including Venmo, PayPal, Cash App and Etsy …
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| Martin Matishak / The Record: |
Joe Biden signs into law an $858B defense policy bill conferring more power and obligations on US Cyber Command, such as offensive operations on foreign powers — President Joe Biden signed a $858 billion defense policy bill on Friday, conferring more power — and obligations — on U.S. Cyber Command.
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The White House, Reuters, CHINAdaily, CNN, Nikkei Asia, Reuters, Politico, and FedScoop
| Simon Hill / Wired: |
A look at XRAI Glass, an Android app for the deaf and hard of hearing that can caption real-life conversations when paired with the $379 Nreal Air AR glasses — XRAI Glass, when paired with $379 AR glasses, can caption real-life conversations as they happen, with a few major caveats.
Tweets: @wired
| Che Pan / South China Morning Post: |
Tencent joins the open-source chip group RISC-V International as a premier member; 13 out of the 25 premier members are from China, including Huawei and ZTE — Tencent Holdings is the latest Chinese tech firm to join RISC-V International, the world's largest open-source processor architecture group …
Tweets: @bgurley, @tariqkrim, and @bgurley
| Manish Singh / TechCrunch: |
Philadelphia-based Exyn, which develops autonomous drones for GPS-denied environments, raised a $35M Series B from Reliance and others at a ~$107M valuation — Reliance has backed the Philadelphia-based AI and robotics startup Exyn, the Indian conglomerate disclosed in a stock exchange filing on Thursday …
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Exyn Technologies, Inc42 Media, and Livemint
| Lauren Feiner / CNBC: |
Congress passes a $1.7T spending package, including a bill banning TikTok on federal government devices, but fails to pass many aggressive bills targeting tech — - Congress passed a large spending package that includes a bill banning TikTok from being used on government devices.
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Vox, Federal Communications …, Forbes, and Washington Post
Mastodon: @carnage4life@mas.to. Tweets: @senatorwicker, @hawleymo, @marshablackburn, and @brendancarrfcc
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