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December 30, 2022, 8:00 PM
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| Reuters: |
The Bahamas' Securities Commission says it is holding FTX assets worth $3.5B temporarily and plans to deliver them to customers and creditors who own them — The Securities Commission of the Bahamas said on Thursday that it is holding FTX assets worth $3.5 billion based on market pricing …
More:
Securities Commission of The Bahamas, CoinDesk, PYMNTS.com, Neowin, The Guardian, Bloomberg, The Daily Hodl, Cryptopolitan, crypto.news, The Information, Ethereum World News, Tech in Asia, Decrypt, Coinpedia Fintech News, The Block, Watcher Guru, CryptoSlate, CryptoPotato, and Forkast
Tweets: @adamscochran and @scbgov_bs
| Dan Strumpf / Wall Street Journal: |
Huawei has exited “crisis mode” following US restrictions and expects ~$91.5B in 2022 revenue, unchanged from 2021, due to growing telecom infrastructure sales — Chairman says U.S. restrictions are new normal and company is back to business as usual
More:
Financial Times, Bloomberg, Reuters, Gizchina, SamMobile, Firstpost Tech, Pandaily, South China Morning Post, TelecomLead, CHINAdaily, Tech Xplore, Associated Press, and Huawei Central. Tweets: @mattvvolf
| Nathan Crooks / The Block: |
FTX says it would seek the return of its digital assets held by the Bahamas, claiming the value to be $296M when transferred on November 12 and now worth $167M — - FTX Trading and its affiliated debtors said Friday that they would seek the return of crypto held by the Securities Commission …
More:
FTX, Reuters, and Bitcoin News
| Wall Street Journal: |
Sources: Sam Bankman-Fried will likely plead not guilty to fraud and other charges at a January 3 hearing; SBF returns to Twitter to deny he moved Alameda funds — FTX founder Sam Bankman-Fried is likely to plead not guilty to eight counts of fraud at a hearing next week, according to a person familiar with the matter.
More:
Bloomberg, Decrypt, The Information, Reuters, Decrypt, Los Angeles Times, Insider, Forbes, Yahoo News, Investing.com, CryptoSlate, Cointelegraph, and CoinGape
Mastodon: @MikeElgan@mastodon.social and @davidgerard@circumstances.run
| New York Times: |
Sources detail Elon Musk's Twitter cost-cutting measures, including closing a data center, reducing training for new staff, and canceling janitorial services — Elon Musk has reduced the company to a bare-bones operation, and employees are under a “zero-based budgeting” mandate to justify any spending.
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San Francisco Business Journal, SiliconANGLE, New York Post, PCMag, Insider, Fortune, Newser, The Information, and Techdirt
Mastodon: @GossiTheDog@cyberplace.social, @rmac18@journa.host, @ChrisPirillo@mastodon.social, @zoeschiffer@mastodon.social, @cong@mastodon.social, @caseynewton@mastodon.social, @carnage4life@mas.to, and @mmasnick@mastodon.social
Tweets: @kateconger, @mikeisaac, @jamesrbuk, @beyerstein, @richardlnewby, @kenbensinger, @jamesmartinsj, @notcapnamerica, @maxkennerly, @fake_api, @mekkaokerekebye, @manishearth, @enjus, @joshua_t_white, @masonpelt, @athertonkd, @leavittalone, @rmondello, @shortingisfun, @mgoodland, @jgownder, @mistresssnowphd, @pt, @benryanwriter, @nktpnd, @goldman, @chrismegerian, and @dlberes
| Taylor Soper / GeekWire: |
After not paying rent, Twitter is reportedly closing its Seattle office, its second-largest engineering hub outside of San Francisco, and asking staff to WFH — Twitter is reportedly facing eviction at its Seattle office and is asking employees to work from home as the social media giant looks to cut costs under new owner Elon Musk.| Emily Birnbaum / Bloomberg: |
Tim Wu, who helped shape Joe Biden's antitrust agenda, plans to leave his adviser role on January 4 and return to teaching antitrust law at Columbia Law School — Adviser Tim Wu, who helped to shape President Joe Biden's antitrust agenda, will leave his position Jan. 4, the White House said Friday.
More:
New York Times, UPI, Axios, SiliconANGLE, Politico, and Slashdot
| Matt Levine / Bloomberg: |
Crypto created a toy financial system and had a toy financial crisis; in order to work in the long run, crypto must prove its real usefulness outside of finance — On Oct. 25, Bloomberg Businessweek published “The Crypto Story,” a cover-to-cover issue of the magazine that I wrote about what crypto is and what it all might mean.
More:
TheStreet
| Kashmir Hill / New York Times: |
Google changes its appeals process for CSAM-flagged accounts; content deemed exploitative will still be removed and reported but users can plead their innocence — People who upload images of children that Google flags as potentially illegal will be able to provide more context to appeal bans.| Sandali Handagama / CoinDesk: |
Italy's parliament approves a 26% tax on gains of €2,000+ from crypto trading per tax period and offers incentives for declaring crypto profits for tax purposes — Prime Minister Giorgia Meloni's new bill also includes an incentive for those declaring crypto for tax purposes.
More:
Reuters, Cryptopolitan, crypto.news, Watcher Guru, CryptoSlate, The Block, and Bloomberg. Tweets: @coindesk
| Ian Johnston / Financial Times: |
Accounting software maker Sage threatens to turn off UK customers' single-payment licenses on security grounds, forcing them to buy costly monthly subscriptions — FTSE 100 group has forced small UK businesses using its accounting services to adopt costly new monthly packages
More:
PYMNTS.com
| Sam Kessler / CoinDesk: |
Sources: the FBI is probing the leak of ~100K API keys linked to users of crypto trading service 3Commas; a victim group of ~60 members tallies losses at $20M+ — This week, an anonymous person leaked 100,000 API keys connected to the crypto trading service.
More:
TechRadar, The Daily Hodl, crypto.news, Wu Blockchain, Coinmonks, Cointelegraph, Cryptopolitan, Crypto Daily, Coinspeaker, Metaverse Post, Blockworks, CryptoPotato, and Watcher Guru. Tweets: @wublockchain
| Sam Kessler / CoinDesk: |
More:
Web3 is Going Just Great, Cryptopolitan, crypto.news, SiliconANGLE, Bitcoinist.com, BleepingComputer, Decrypt, CoinGape, and CryptoSlate
Tweets: @ys_3commas, @cz_binance, @3commas_io, @zachxbt, @zachxbt, @tier10k, @threadoor, @blackbeardxbt, @zachxbt, @coinmamba, @wiseanalyze, @jnun, @zseano, @c7five, @buda_kyiv, @okx, @zachxbt, @ys_3commas, @tree_of_alpha, @star_okx, @cz_binance, @functi0nzer0, @zachxbt, @garlamwon, @zachxbt, @zachxbt, @zachxbt, and @coindesk
| Shadine Taufik / Tech in Asia: |
Hangzhou-based Freetech Intelligent Systems, which makes a full autonomous vehicle software and hardware stack, raised a ~$100M Series B led by Chaos Investment — Freetech Intelligent Systems, a China-based autonomous driving firm, has raised nearly US$100 million in its series B round, Nikkei Asia reported.Sponsor Posts
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