Techmeme
January 11, 2023, 11:45 AM

Top News

Reuters:
The FAA says normal air traffic is “resuming gradually” across the US after its Notice to Air Missions system failed; FlightAware: 5,400+ flights were delayed  —  U.S. flights were slowly beginning to resume departures and a ground stop was lifted after the Federal Aviation Administration …
CoinDesk:
Bankruptcy lawyer: FTX has recovered $5B+ so far, excluding $425M held by the Bahamas or “illiquid cryptocurrency tokens”; FTX's Alameda credit line was $65B  —  The announcement substantially raises the total FTX has recovered since filing for bankruptcy last year but it's still short of what customers are owed in total.
Financial Times:
Court documents: Sam Bankman-Fried invested $20M in Paradigm's $2.5B Paradigm One fund in late 2021, before the fund then invested in FTX and FTX US  —  Court documents shed light on Sam Bankman-Fried's circular transactions  —  Sam Bankman-Fried invested $20mn in a large venture capital fund …
Jeremy Hill / Bloomberg:
Mark Gurman / Bloomberg:
Sources: Apple plans to design and develop its own displays for mobile devices, starting with microLED screens for the Apple Watch Ultra by the end of 2024  —  Apple Inc. is planning to start using its own custom displays in mobile devices as early as 2024, an effort to reduce its reliance …
Sarah Perez / TechCrunch:
Apple launches Business Connect, letting US businesses update and manage information across Maps and other services, something Google Maps has had since 2005  —  Apple Maps today is gaining a new tool that will allow the decade-plus-old service to better compete with Google …
Mitchell Clark / The Verge:
Twitter renames Latest Tweets to Following and Home to For You, making the algorithmic feed the default with no option to change it, rolling out on iOS first  —  Twitter is changing how you move between the algorithmically-driven timeline and the reverse chronological one and making the algorithmic feed the default.
Bloomberg:
Binance admits flaws in maintaining its Paxos-managed BUSD stablecoin, which should be backed 1:1; ChainArgos: BUSD was undercollateralized by $1B+ in 2020-21  —  Binance Holdings Ltd., the biggest cryptocurrency exchange, acknowledged past flaws in the management of its stablecoin's reserves …
Makena Kelly / The Verge:
Sources: Parler's parent company laid off ~75% of its staff and most of its chief executives over the past few weeks, leaving the social app with ~20 employees  —  Parlement Technologies, the parent company of “censorship-free” social media platform Parler, has laid off a majority of its staff …
Zac Bowden / Windows Central:
Sources: Microsoft ditched a dual-screen design for the Surface Duo 3, opting for an internal foldable screen, an external cover display, and a 180-degree hinge  —  Microsoft's next foldable phone will have an internal foldable display.  —  What you need to know
Richard Waters / Financial Times:
After Chinese researchers claimed to break RSA encryption using quantum computers, experts are skeptical and caution that any commercial benefits are years away  —  China claims to have made a major breakthrough but western experts say any commercial benefits are still years away
Amanda Pedersen / Medical Device + Diagnostic Industry:
A US ITC judge rules that some Apple Watches infringe on one of five Masimo pulse oximeter patents related to using light sensors to measure blood oxygen levels  —  An International Trade Commission judge ruled that Apple infringed on one of five Masimo patents related to using light sensors …
Olga Kharif / Bloomberg:
Cameron Winklevoss demands that DCG's board remove CEO Barry Silbert and alleges he and Genesis lied publicly, after his January 8 resolution deadline passed  —  Gemini crypto exchange co-founder Cameron Winklevoss called for the board of Digital Currency Group to remove Barry Silbert …
Nilay Patel / The Verge:
Cory Doctorow and law professor Rebecca Giblin on their new book, Chokepoint Capitalism, and how tech platforms monetize creators via distribution bottlenecks  —  It's a book about artists and technology and platforms and how different kinds of distribution and creation tools create chokepoints …
Allison Johnson / The Verge:
Samsung sets its next Galaxy Unpacked for February 1 at 10am PT in San Francisco, its first in-person event in three years, likely to unveil the Galaxy S23  —  Mark your calendar: Samsung is hosting its next Galaxy Unpacked on February 1st.  The company is officially confirming a date …
Javier Espinoza / Financial Times:
How Section 19a of Germany's Competition Act gives antitrust authorities the power to divest and sanction Big Tech, as the EU slowly rolls out its enforcement  —  While EU regulators slowly roll out their own enforcement mechanism, Berlin is already holding gatekeepers to account
Tyler Coates / The Hollywood Reporter:
Netflix plans to stream the SAG Awards globally starting in 2024, as part of a multi-year deal; the 2023 ceremony will stream on Netflix's YouTube channel  —  The company will also livestream the 2023 ceremony on its YouTube page ahead of its multi-year partnership with the Screen Actors Guild.
Steven Church / Bloomberg:
A US bankruptcy judge approves Voyager's plan to sell its crypto platform to Binance.US for $20M, overruling objections from federal regulators and some states  —  Voyager Digital Ltd. won court approval to sell its crypto platform to Binance.US for $20 million as part of Voyager's plan to liquidate in bankruptcy.

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Earlier Picks

Reuters:
Ivan Mehta / TechCrunch:
Taylor Hatmaker / TechCrunch: