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January 5, 2023, 5:10 PM
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| David Benoit / Wall Street Journal: |
US bank Silvergate, which caters to crypto, reports liquidating debt to cover $8.1B withdrawals as FTX collapsed and laying off 40% of its staff; SI falls 40%+ — Bank sold assets at a loss to cover withdrawals and cut 40% of its staff but remains committed to crypto
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Silvergate, CoinDesk, The Information, TheStreet, Seeking Alpha, Reuters, CNBC, Crunchbase News, The Block, Financial Times, Financial Times, Bloomberg, The Guardian, Bloomberg, CoinGape, Crypto Daily, Coinspeaker, Finbold, Cryptonews, and Web3 is Going Just Great
Tweets: @mikeburgersburg, @deitaone, @benlower, @ryan_browne_, @johnreedstark, @emilyjnicolle, @davecbenoit, @tracyalloway, @jamesplloyd, @grdecter, @mdudas, @davidfbailey, @deitaone, @dylanleclair_, @silvermanjacob, @arturo_p_a, @om, @twobitidiot, @mhiesboeck, @jmover, @cryptadamist, @mikulaja, @mayazi, @alwayswinning1, and @autismcapital
| Wall Street Journal: |
New York AG Letitia James files a civil lawsuit against Celsius co-founder Alex Mashinsky, alleging he defrauded investors out of billions via false statements — Alex Mashinsky made false statements to investors about the crypto lender, lawsuit alleges — New York Attorney General Letitia …
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NY State Attorney General, Reuters, New York State Attorney General, PYMNTS.com, TechCrunch, CNBC, Associated Press, New York Times, MarketWatch, Crypto Briefing, Engadget, Bitcoin News, crypto.news, The Daily Hodl, The Block, Financial Times, Bloomberg, TechCrunch, Ethereum World News, and CryptoPotato
Mastodon: @davidgerard@circumstances.run. Tweets: @newyorkstateag, @kadhim, @mkolken, @thestalwart, and @hannahdlang
| Wall Street Journal: |
Sources: crypto lender Genesis Global laid off 30% of its staff, after cutting 20% of its 260 workforce in 2022, and is considering filing for bankruptcy — Firm suffered steep losses from loans it supplied to Alameda, Three Arrows — Massive crypto lender Genesis Global Trading Inc. laid off 30% …
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CoinDesk, PYMNTS.com, The Block, The Information, Gizmodo, Decrypt, Reuters, Livemint, Cointelegraph, CNBC, Trustnodes, crypto.news, Crowdfund Insider, and CoinGape
Tweets: @tomkeene and @aristyescuder
| Leyland Cecco / The Guardian: |
Apple quietly launches a catalog of books narrated by AI on its Books app, in a move that publishers, authors, and agents warn may upend the audiobook market — Exclusive: tech firm quietly launches new audiobook catalogue narrated by AI - but move expected to spark backlash
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Apple, PCMag, Forbes, Philip Elmer‑DeWitt, 9to5Mac, Macworld, iDownloadBlog.com, TechCrunch, TechSpot, The Verge, BGR, iMore, AppleInsider, SlashGear, Gizmodo, and iPhone Hacks
Mastodon: @jonnyevans@vivaldi.net. Tweets: @grady_booch, @chrisfralic, @biz, @film_girl, @film_girl, @jeffjarvis, @bentossell, @angela_y_, @kantrowitz, @victoriastrauss, @thespoilist, @tomabba, and @aghoshal
| Wall Street Journal: |
Sources: OpenAI is in talks to raise $300M+ from Thrive and Founders Fund in a tender offer, valuing the company at ~$29B, up from $14B in its 2021 tender offer — Tender offer at that valuation would make OpenAI one of the most valuable U.S. startups — Cheating With ChatGPT: Can an AI Chatbot Pass AP Lit?| Jules Roscoe / VICE: |
The FTC proposes a rule banning non-compete clauses, saying the contracts harm healthy competition in the labor and product markets and block entrepreneurship — The agency stated that noncompete clauses are bad for both the labor market and innovation. The proposed rule would make them illegal.
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New York Times, Federal Trade Commission, Vox, Game Developer, The Verge, Gizmodo, Wall Street Journal, GeekWire, Washington Post, TechCrunch, GamesIndustry.biz, Associated Press, Politico, Axios, Bloomberg, Insider, and The Hill
Mastodon: @DanaBlankenhorn@journa.host. Tweets: @linakhanftc, @noamscheiber, @danpfeiffer, @jenniferjjacobs, @linakhanftc, @superwuster, @theworthyhouse, @bozitatarevic, @amierrivers, @the_blackrabb1t, @linakhanftc, @bobbyfijan, @lizshuler, @repcicilline, @ne0liberal, @moreperfectus, @musharbash_b, @moreperfectus, @julianamkaplan, @ddayen, @brianboland, @matthewstoller, @ftc, @lydiadepillis, @axios, @julesaroscoe, @elissabeth, @mattmday, @moiradonegan, @capitolkvd, and @jasonfurman
| Angus Berwick / Reuters: |
Source: FTX's former top lawyer Daniel Friedberg cooperated with US prosecutors, telling them on November 22 what he knew about SBF misusing customer funds — FTX's former top lawyer Daniel Friedberg has cooperated with U.S. prosecutors as they investigate the crypto firm's collapse …
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The Block, Protos, LinkedIn, Bloomberg, New York Post, Ethereum World News, and Coinpedia Fintech News
Tweets: @tier10k, @bitfinexed, @aaberwick, @anammostarac, and @unusual_whales
| Erin Woo / The Information: |
Source: Twitter laid off ~40 ad optimization data scientists and engineers, as the company targets areas that leadership considers to be failing or unimportant — Twitter laid off about 40 data scientists and engineers working on advertising late Wednesday night in what amounted to at least … | Antonio G. Di Benedetto / The Verge: |
Lenovo unveils the Yoga Book 9i, a laptop with two 13.3" OLED displays, available in June 2023 for $2,100+ with a 13th Gen Intel Core i7-U15 and 16GB of RAM — Dual monitor setups are great and all, but how about dual screens in a strangely tall laptop? Lenovo is here to answer that …
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Lenovo StoryHub, Ars Technica, Engadget, TechRadar, Pocketnow, Thurrott, Liliputing, TechSpot, Laptop Mag, OnMSFT.com, TechPowerUp, BigTechWire, Techaeris, T3, Android Headlines, and HotHardware
Tweets: @tomwarren and @superbentendo
| Matt Burgess / Wired: |
WhatsApp launches proxy support globally, letting users with blocked or disrupted connections use the app via servers set up by volunteers and organizations — Amid internet shutdowns in Iran, the encrypted messaging app is introducing proxy connections that can help people get online.
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WhatsApp Blog, Ars Technica, TechCrunch, Engadget, CNET, The Verge, WABetaInfo, Social Media Today, BBC, Reuters, BleepingComputer, Slashdot, and iPhone in Canada Blog
Mastodon: @epro@mastodon.social. Tweets: @yashar, @mdubowitz, @ianbremmer, @epro, @iainlevine, @jsrailton, @natynettle, @wcathcart, @shiraovide, and @harrymccracken
| Jessica Conditt / Engadget: |
Sony unveils Project Leonardo, a PS5 accessibility controller kit with circular gamepads, for use on its own or with DualSense; pricing and release are TBC — Sony is building a better PlayStation 5 controller with Project Leonardo, a kit that promises to make games easier to play for people with limited motor control.
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PlayStation on YouTube, PlayStation.Blog, Gizmodo, HotHardware, Wired, Gizchina, GameSpot, ExtremeTech, BBC, Android Headlines, Redmond Pie, Ars Technica, MobileSyrup, GSMArena.com, Polygon, TheGamer, The Shortcut, TechRadar, PCMag, Kotaku, Game Developer, Appuals.com, Digital Trends, Neowin, GamesIndustry.biz, Gamereactor UK, Push Square, Gameranx, and KnowTechie
| Mitchell Clark / The Verge: |
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Sony on YouTube, Insider, Forbes, NPR, Gizchina, MobileSyrup, GamingBolt, KitGuru, PC Gamer, Redmond Pie, Destructoid, Tom's Guide, The Shortcut, Digit, Neowin, GameSpot, and TechSpot
Tweets: @playstation, @playstation, @qualcomm_eu, @hollowpoiint, @zhugeex, and @puertorock77_
| Gabrielle Fonrouge / CNBC: |
Stitch Fix plans to cut 20% of its 1,700 salaried staff as founder Katrina Lake reassumes the CEO role from Elizabeth Spaulding, who took over in August 2021 — - Stitch Fix founder Katrina Lake announced the company will be cutting 20% of its salaried workforce. — Lake will also reassume her post as CEO.
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Stitch Fix Newsroom, The Information, TechCrunch, PYMNTS.com, and Bloomberg
Tweets: @marcslove and @_chuckyc
| Lawrence Abrams / BleepingComputer: |
A hacker leaks a dataset allegedly containing the email addresses of 200M+ Twitter users, claimed to be a cleaner version of the 400M dataset from December 2022 — A data leak described as containing email addresses for over 200 million Twitter users has been published on a popular hacker forum for about $2.
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Washington Post, The Register, Bloomberg, Reuters, Forbes, CNN, Privacy Affairs, BBC, CPO Magazine, The Hill, WinBuzzer, Silicon Republic, Android Headlines, Tech.co, and Appuals.com
Tweets: @adeldmeyer, @linkletter, @mayatcontreras, @youranonnews, @ashtonpittman, @iamtexture, and @mister_ch0c
| Wall Street Journal: |
Documents and sources: Facebook backed off muting all recommendations of politics and other sensitive topics, finding the move had a “high and inefficient cost” — Hitting mute button on political content recommendations brought unintended consequences
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Social Media Today
Mastodon: @Jhorwitzz@mastodon.online. Tweets: @jason_kint, @lauraedelson2, @keachhagey, @jason_kint, @mattzeitlin, and @reaganbrad
| Kif Leswing / CNBC: |
California's pay transparency law, which requires employers to share salary ranges on job listings, went into effect this week, revealing some Big Tech salaries — - A new law that went into effect this week requires most California employers to disclose salaries on job listings.
More:
Washington Post and PC Gamer
Tweets: @brij, @sammblum, @rmintzer, @tvaziri, @susannavogel1, @mattdpearce, @susannavogel1, and @jordannovet
| Levi Winslow / Kotaku: |
After YouTuber Coffeezilla reported on Logan Paul's apparently sham NFT game CryptoZoo, Paul says his only mistake was trusting the project's many “bad actors” — Blockchain investigator Stephen ‘Coffeezilla’ Findeisen may see Paul in court — After keeping his mouth shut …
More:
Dexerto, CryptoPotato, and crypto.news
| Ben Schoon / 9to5Google: |
Google says Android TV OS, the underlying platform for Google TV and Android TV, now has 150M monthly active devices, up 36%+ YoY — At CES 2023 this week Google is sharing an update on how many devices are now using Google TV and Android TV, with 150 million devices in the hands of users.| Berber Jin / Wall Street Journal: |
Some VCs that held onto stakes in startups after IPOs during the bull market, including Sequoia, Menlo, and Altos, were hit with losses after the market dropped — Startup investors that held off on exiting investments after their IPOs are left to rue the decision
Tweets: @zackkanter, @berber_jin1, and @hedgefund
| Jesse Hamilton / CoinDesk: |
The US SEC accuses alleged fraudster Neil Chandran and four others of scamming investors for $45M+ on the false promise of a deal to sell blockchain technology — The U.S. securities agency is going after the people behind what it says was a massive fraud stealing from tens of thousands of investors.
More:
Bloomberg, U.S. Securities …, PYMNTS.com, Bitcoinist.com, and CryptoSlate
| Mark Gurman / Bloomberg: |
Amazon unveils the Ring Car Cam, its first car dashboard camera, with inside and outside recording, after a two-year delay, shipping in February 2023 for $250 — Amazon.com Inc.'s Ring division introduced its first car dashboard camera after a two-year delay, expanding beyond home security with a new category.
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Engadget, SiliconANGLE, ZDNet, The Verge, Thurrott, Tom's Guide, TheStreet, Mashable, TechRadar, Android Authority, and Digital Trends
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