Techmeme
December 27, 2022, 8:05 AM

Top News

Eli Tan / CoinDesk:
Solana-based NFT projects DeGods and Y00ts plan to leave the SOL ecosystem for Ethereum and Polygon, respectively; DeGods had asked for $5M to stay on SOL  —  DeGods will bridge over to Ethereum while its sister project Y00ts will move to Polygon with a grant from the layer 2's partnership fund.
Financial Times:
BAYC, Doodles, Pudgy Penguins, and other NFT projects are diversifying into real-world assets, including toys, albums, and sports teams, to generate new revenue  —  Creators of best-selling internet collectibles have responded to a crash in the value of crypto and digital assets by seeking new revenues …
Freddy Brewster / Los Angeles Times:
FOIA emails detail Sam Bankman-Fried's courtship of US federal regulators, including hiring former regulators and dining with ex-CFTC Commissioner Dan Berkovitz  —  Before his mid-December arrest, cryptocurrency billionaire Sam Bankman-Fried repeatedly claimed that he was a responsible business leader …
New York Times:
German researchers bought a US military device, last used in Afghanistan in 2012, with fingerprints, iris scans, and other data on 2,632 people, for $68 on eBay  —  German security researchers studying biometric capture devices popular with the U.S. military got more than they expected for $68 on eBay.
Timmy Shen / Forkast:
IntoTheBlock: the Bitcoin network hash rate fell by 38.8%+ on December 24 from its December 21 peak as many US-based miners paused operations due to blizzards  —  The Bitcoin network hashrate has dropped by more than 38.8% from its peak on Wednesday, as many U.S.-based miners have been forced …
Tim Higgins / Wall Street Journal:
How Elon Musk's finances got more complicated as TSLA dropped 65%+ in 2022, shrinking his borrowing power and his fortune from an estimated $340B peak to $140B  —  Billionaire's borrowing power has shrunk with Tesla share decline  —  Elon Musk's Unconventional Management Style: Former Employees Share Stories
Haleluya Hadero / Associated Press:
The $1.7T US funding package included the INFORM Act, forcing Amazon, Meta, and others to verify prolific sellers to combat counterfeit and dangerous goods  —  Retailers are scoring one win in the government-wide spending bill, which will force online marketplaces like Amazon and Facebook …

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