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January 11, 2023, 4:15 PM
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WeSmirchTop News
| CoinDesk: |
Bankruptcy hearing: FTX has recovered $5B+, not including $425M held by the Bahamas or “illiquid cryptocurrency tokens”; FTX had a $65B Alameda line of credit — 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.
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Reuters, Gizmodo, Wall Street Journal, TheStreet, CNBC, Financial Times, The Block, CoinDesk, The Daily Hodl, Bitcoinist.com, WRAL TechWire, Crypto Daily, Reuters, Crypto Briefing, Wccftech, and Ethereum World News
Tweets: @jconorgrogan, @molly0xfff, @watcherguru, @unusual_whales, @deitaone, @kadhim, @hsakatrades, @deitaone, @adamscochran, @ledgerstatus, @smtuffy, @hsakatrades, @basedkarbon, @ldrogen, @jconorgrogan, @pythianism, @jconorgrogan, @davidfbailey, @molly0xfff, @jconorgrogan, @hsakatrades, @akadosang, @adamscochran, @dogetoshi, @zerohedge, @zhusu, @smtuffy, @molly0xfff, and @jconorgrogan
| Wall Street Journal: |
Sources: Alameda invested $1.1B+ in Genesis Digital, including $500M to buy the co-founders' shares; the bitcoin miner is among FTX's largest bankruptcy assets — Genesis Digital is one of the largest assets in the FTX-Alameda wreckage — FTX's Bankruptcy: Three Things to Know — Created with sketchtool.| Financial Times: |
Court documents: Sam Bankman-Fried invested $20M in Paradigm's $2.5B Paradigm One fund in late 2021, and then the fund invested in his FTX and FTX US exchanges — Court documents shed light on Sam Bankman-Fried's circular transactions — Sam Bankman-Fried invested $20mn in a large venture capital fund …
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San Francisco Business Journal, CoinGape, and Cryptonews
Tweets: @kadhim, @marketrebels, @katie_martin_fx, @dsquareddigest, @smtuffy, @smdiehl, and @silvermanjacob
| New York Times: |
Sources: in December, Twitter started considering auctioning off usernames to generate revenue; Elon Musk had said he wants to free up 1.5B inactive usernames — The company has discussed selling some user names through online auctions, people with knowledge of the plans said.
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TechCrunch, Insider, Android Police, and Reuters
Mastodon: @anthony@journa.host and @rmac18@journa.host
Tweets: @twocatsand_docs, @blueheronfarmtx, @martinsfp, @goldman, and @kateconger
| Sarah Perez / TechCrunch: |
Apple launches Apple Business Connect, letting US business owners update and manage their information for Apple Maps, a feature 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 …
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Apple, Ars Technica, MacRumors, 9to5Mac, Computerworld, Macworld, ZDNet, The Verge, Engadget, SlashGear, Search Engine Land, Axios, Neowin, iPhone in Canada Blog, AppleInsider, TechRadar, iMore, CNBC, Patently Apple, MacDailyNews, and BGR
| Reuters: |
The FAA says US air traffic is “resuming gradually” after its Notice to Air Missions system failed; FlightAware: 7,300+ flights were delayed and 1,100 canceled — U.S. flights were slowly beginning to resume departures and a ground stop was lifted after the Federal Aviation Administration …
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New York Times, Bloomberg, Federal Aviation Administration, Sky News, CNN, CNBC, The Register, Gizmodo, Silicon Valley Business …, SiliconANGLE, The Hill, Mercury News, NBC News, NPR, MarketWatch, CNN, Data Center Knowledge, Washington Post, Axios, Wall Street Journal, DCD, GovTech, Semafor, ABC News, Fox Business, CIO Dive, Federal Computer Week, Computerworld, The Guardian, Tech Xplore, TechCrunch, Associated Press, Ars Technica, Livemint, Bloomberg, People.com, BankInfoSecurity.com, UK Aviation News, ZDNet, Metro.co.uk, Mediaite, New York Post, Forexlive, Financial Times, HuffPost UK, ITV News, SecurityWeek, Wall Street Journal, Beyond Search, Deadline, PCMag, Fortune, TIME, Engadget, and The Verge
Tweets: @faanews, @faanews, @presssec, @faanews, @faanews, @faanews, @deitaone, @nicoleperlroth, @faanews, @flightradar24, @thestalwart, @dalperovitch, @secretarypete, @dpatil, @ssegraves, @kevincollier, @bsheehantv, @garwarner, @petemuntean, @leehudson_, @grady_booch, @joshchafetz, @vxunderground, @denver7traffic, @danielaleontv, @yossigestetner, @nycsouthpaw, @flyknoxville, @flightradar24, @w_katz1, @vxunderground, @krisvancleave, @ericgeller, @joyce_karam, @airlineflyer, @senatorwarnock, @alorenzotv, @denver7traffic, @atlairport, @yossigestetner, @drdenagrayson, @flightradar24, @michaelpnews, @_benkatz, @reshadhudson, @nycsouthpaw, @brendankeefe, @cvgairport, @chadpergram, @michaelpnews, @mkbhd, @realremyma, @indairport, @kciairport, @snlyngaas, @c_c_krebs, and @senschumer
| Joe Biden / Wall Street Journal: |
In an op-ed, Joe Biden asks Republicans and Democrats to unite “to pass strong bipartisan legislation to hold Big Tech accountable”, saying the risks are clear — Congress can find common ground on the protection of privacy, competition and American children.
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9to5Mac, CNN, Reuters, Engadget, AppleInsider, The Hill, Android Central, Wccftech, and CNBC
| Tom Warren / The Verge: |
Memo: Microsoft to give US salaried staff unlimited “Discretionary Time Off”, plus 10 corporate holidays, leaves of absence, mental health time off, and more — Microsoft is giving its US employees unlimited time off. The announcement was made in an email to employees from Kathleen Hogan … | 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 …
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9to5Mac, The Verge, Forbes, Barron's Online, TheStreet, MacRumors, HotHardware, Ars Technica, Laptop Mag, 9to5Mac, MacRumors, MobileSyrup, ExtremeTech, GSMArena.com, T3, Tom's Guide, Redmond Pie, TechCircle, ZDNet, Gizchina, TechSpot, Thurrott, TechRadar, Patently Apple, Philip Elmer‑DeWitt, KnowTechie, iPhone in Canada Blog, Macworld, Pocketnow, Wccftech, BGR, City A.M., SamNews 24, SPARROWS NEWS, iMore, SamMobile, PocketLint, MacDailyNews, and XDA Developers
Tweets: @mingchikuo, @mingchikuo, @daniburgz, @fjeronimo, @maxwinebach, and @thestalwart
| Kyle Wiggers / TechCrunch: |
OpenAI says it's “starting to” think about monetizing ChatGPT, possibly via a ChatGPT Professional version, asks members what price would be too low, and more — OpenAI this week signaled it'll soon begin charging for ChatGPT, its viral AI-powered chatbot that can write essays, emails, poems and even computer code.
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Gizmodo, Metaverse Post, PCMag, Insider, MobileSyrup, The Drum, The Verge, Engadget, TechCircle, and Candid.Technology
| Bloomberg: |
Binance admits to flaws in maintaining its Paxos-issued BUSD stablecoin backing at 1:1; ChainArgos says BUSD was undercollateralized by $1B+ in 2020 and 2021 — Binance Holdings Ltd., the biggest cryptocurrency exchange, acknowledged past flaws in the management of its stablecoin's reserves …
More:
Binance Blog, Bitcoinist.com, and Blockworks
Tweets: @mikealfred, @paxosglobal, @johnreedstark, and @annairrera
| Todd Spangler / Variety: |
Twitter says that the company's investigation found “no evidence” that its users' data sold online was obtained by exploiting vulnerabilities in its systems — Twitter said that after investigating reports that data on upwards of 400 million users was being sold online, it found …
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Privacy, Reuters, BleepingComputer, and TechRadar
| Dhruv Mehrotra / Wired: |
SweepWizard, a US police app built by ODIN, leaked data like personal officer info, locations of suspects' homes, raid times, and more due to a misconfiguration — SweepWizard, an app that law enforcement used to coordinate raids, left sensitive information about hundreds of police operations publicly accessible.
Mastodon: @mattburgess@infosec.exchange. Tweets: @dellcam, @matthewkeyslive, @dmehro, and @justinhendrix
| Natasha Mascarenhas / TechCrunch: |
Equity management service Carta cuts 10% of its staff, impacting up to ~200 employees, and sues its former CTO; the company was valued at $7.4B in August 2021 — Carta, an equity management platform that was last privately valued at $7.4 billion, has cut 10% of its staff …
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TechCrunch
| Tom Warren / The Verge: |
Microsoft announces 365 Basic for $1.99 per month, replacing the 100GB OneDrive storage option, rolling out globally on January 30 with ad-free Outlook and more — Microsoft is introducing a new consumer tier to its Microsoft 365 subscription offerings. Priced at just $1.99 per month …
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TechCrunch, PCWorld, XDA Developers, Source, Windows Central, Thurrott, Neowin, Petri IT Knowledgebase, OnMSFT.com, and BigTechWire
| Wall Street Journal: |
Sources: in late 2022, Netflix stopped letting director-level staff see other employees' salaries, a major shift for a company offering rare pay transparency — Employees at the director level lost ability to view colleagues' pay data late last year — Employers List Wide Salary Ranges in Ways That Sidestep Pay Transparency Law| 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.
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ZDNet, The Information, TechCrunch, PCMag, 9to5Mac, Adweek, Droid Life, Pocket-Lint, iPhone in Canada Blog, Thurrott, Fast Company, The Shortcut, MacRumors, KnowTechie, gHacks Technology News, and BGR
Mastodon: @danyork@mastodon.social. Tweets: @twittersupport, @twittersupport, @lachlan, @grogsgamut, @actioncookbook, @kendallhosseini, @wongmjane, @barry, @ariehkovler, @f, @kevinmkruse, @brianstelter, @wagatwe, @prozd, @chelsgraceo, @manjusrii, @travisyost, @leyawn, @beardedgenius, @dsgolson, and @hyovrse
| Matt Levine / Bloomberg: |
The deep problem with SPACs is the sponsors' 20% cut and the warrant holders' cut, paid by the target company or the SPAC shareholders, a bad deal either way — SPAC SPAC SPAC — Simplifying a bit, the way a special purpose acquisition company works is that the sponsor of the SPAC raises … | Riley de León / CNBC: |
Supply chain software startup Flexport lays off 20% of its global workforce, or ~640 employees; the company raised $935M at an $8B valuation in February 2022 — - Supply chain software startup Flexport is laying off 20% of its global workforce, or roughly 640 employees, according to a memo from co-CEOs Ryan Petersen and Dave Clark.
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The Information
| Angus Loten / Wall Street Journal: |
Analysts say Salesforce's customers don't appear to be swayed by Slack; the messaging service's revenue growth declined from 11.7% in Q1 2022 to 6.9% in Q3 2022 — Carhartt's CIO says the addition of the messaging app hasn't made Salesforce's products more appealing
Tweets: @tomgara, @kazanjy, @jeffnolan, @carnage4life, and @katherinemiller
| Dan Milmo / The Guardian: |
The Guardian confirms the outlet was hit with a ransomware attack in December 2022 and that the personal data of UK staff was accessed, possibly via phishing — Media firm says personal data of UK staff members was accessed in ‘highly sophisticated’ cyber-attack last month| Richard Nieva / Forbes: |
After months of protests, Google contractor Appen, which rates search results, raised hourly pay from $10-$12 to $14-$14.50 on January 1, its first ever raise — The wage increase is welcome, but workers complain they are still making less than Google's other contractors.
More:
VICE
| Paul Kunert / The Register: |
IDC says global used and refurbished handset sales rose 11.5% YoY to 282M in 2022 and forecasts a jump to 413.3M in 2026 after a 10.3% compound annual growth — Who needs shiny new blowers when there bills to pay and kids to feed? Answer: fewer and fewer folk| 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 …
More:
DCG, Fortune, Bitcoin News, Cryptopolitan, CoinGeek, and Blockworks
Tweets: @cameron, @barrysilbert, and @dcgco
| Jai Vijayan / Dark Reading: |
Microsoft releases 98 security fixes, patching 11 critical vulnerabilities and an actively exploited privilege escalation zero-day flaw in Windows ALPC — Microsoft's January 2023 Patch Tuesday security update contains fixes for bugs in multiple products. Here's what you need to patch now.
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Zero Day Initiative, Rapid7, eSecurityPlanet, BankInfoSecurity.com, SecurityWeek, ComputerWeekly.com, TechSpot, ZDNet, Petri IT Knowledgebase, Forbes, TechRadar, and Infosecurity. Tweets: @sophaskins
| Richard Waters / Financial Times: |
After Chinese researchers claimed today's quantum computers could break RSA encryption, Western experts 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 awaySponsor Posts
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