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November 10, 2022, 2:50 AM
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WeSmirchTop News
| Wall Street Journal: |
Binance abandons its rescue acquisition offer for FTX after reviewing FTX's finances, saying “the issues are beyond our control or ability to help” — Crypto exchange's decision comes as it conducts due diligence on FTX — Sam Bankman-Fried in Talks to Raise More Funding
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New York Times, Bloomberg, CoinDesk, Reuters, PYMNTS.com, Reuters, Bloomberg, The Block, Decrypt, CoinDesk, Trustnodes, CNBC, Protocol, Reuters, The Block, Neowin, The Korea Herald, Silicon Canals, Whitespace, Reuters, TrackRecord Daily, Tech in Asia, The Daily Hodl, CoinGape, Transistori, NullTX, Cointelegraph, Bitwise Investments, The Block, CryptoSlate, Coinpedia Fintech News, VICE, Los Angeles Times, VentureBeat, ZeroHedge, Crypto Briefing, Forbes, Bitcoin Magazine, Bloomberg, The Verge, San Francisco Business Journal, Cointelegraph, and Australian Financial Review
Tweets: @binance, @cz_binance, @halocrypto, @justinsuntron, @unusual_whales, @zebulgar, @cz_binance, @lucasnuzzi, @binance, @tier10k, @tier10k, @tier10k, @genesistrading, @brian_armstrong, @fintechfrank, @firstadopter, @cobie, @asvanevik, @cobie, @deitaone, @cobie, @ldrogen, @cmsintern, @goodalexander, @shaanvp, @cryptohayes, @rajgokal, @adamscochran, @binance, @thestalwart, @hsakatrades, @cryptomanran, @adamscochran, @econoar, @whet, @autismcapital, @obsoletedogma, @tree_of_alpha, @danprimack, @tier10k, @cobie, @cryptoquant_com, @crypto_chase, @ashcryptoreal, @tittyrespecter, @cryptohayes, @simondixontwitt, @bitcoinpanda69, @0xsisyphus, @biancoresearch, @alphaketchum, @justinsuntron, @lowstrife, @trader1sz, @omarg, @danprimack, @shanicucic96, @lowstrife, @felixsalmon, @mikeburgersburg, and @autismcapital
| Bloomberg: |
Sources: the SEC and the CFTC are investigating whether FTX.com mishandled customer funds and FTX's relationship with other parts of Sam Bankman-Fried's empire — US financial regulators are investigating whether beleaguered crypto-exchange FTX.com properly handled customer funds …
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Reuters, Blockworks, Wall Street Journal, CoinDesk, Bloomberg, New York Times, TechCrunch, Forbes, CoinGeek, The Information, Fortune, and CoinDesk
| Dan Primack / Axios: |
Sequoia tells investors it is marking down its FTX investment, totaling $213.5M across two funds, to zero dollars, saying it “ran a rigorous diligence process” — - Its $150 million of exposure to both FTX and FTX.US in its third global growth fund represents less than 3% of that fund's total capital commitment.
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The Information, Insider, TechCrunch, Newcomer, CoinGape, Cointelegraph, DealStreetAsia, CoinDesk, Tech in Asia, The Block, Bloomberg, Measurement, and TheBitTimes.Com's Newsletter
Tweets: @sequoia, @firstadopter, @tonyromm, and @mshannahmurphy
| Gillian Tan / Bloomberg: |
Source: Sam Bankman-Fried told investors that FTX needs a cash injection or the company would need to file for bankruptcy due to a shortfall of up to $8B — Sam Bankman-Fried told FTX.com investors on Wednesday that without a cash injection the company would need to file for bankruptcy … | Joshua Oliver / Financial Times: |
Memo: Binance CEO Changpeng Zhao says FTX's near collapse “severely” shook confidence in the crypto industry, shares some FTX deal details, and halts FTT sales — Changpeng Zhao tells employees that the bailout of its chief rival is ‘not a win’| Tanaya Macheel / CNBC: |
Major coins are plummeting: bitcoin drops 14%+ to below $16,000, a new low since November 2020, ether drops 17%+ to ~$1,100, and Solana crashes 40%+ to ~$13 — FTX token plunges as Binance steps in to buy the crypto exchange's non-U.S. unit: CNBC Crypto World
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CNBC, Protos, Bloomberg, BBC, CoinDesk, Cointelegraph, and CoinShares
| Tom Maloney / Bloomberg: |
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Sequoia Capital, Wired, Fortune, CryptoPotato, Coinpedia Fintech News, CoinDesk, Financial Times, and Cointelegraph
Tweets: @cz_binance, @ericnewcomer, @evgenygaevoy, @cobie, @timccopeland, @gurgavin, and @spreekaway
| Shaurya Malwa / CoinDesk: |
More:
Cointelegraph, Financial Times, and ETH Daily
| Kyle Wiggers / TechCrunch: |
After Twitter labels select accounts as “Official”, Elon Musk says he “killed it” and an executive says the label “is still going out” as part of the new Blue — Update: Well, that was fast. The grey checks have begun to disappear following a tweet …
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Wall Street Journal, The Verge, Ars Technica, Washington Post, The Register, The Hollywood Reporter, Cointelegraph, CNBC, RTÉ, BGR India, Engadget, Insider, Techdirt, Neowin, and iMore
Tweets: @elonmusk, @elonmusk, @esthercrawford, @esthercrawford, @esthercrawford, @elonmusk, @waemd, @esthercrawford, @esthercrawford, @agoldmund, @jasonschreier, @maxwelltani, @mmasnick, @mkbhd, @mkbhd, @levie, @fascinated, @ditzkoff, @mds, @malwaretechblog, @caseynewton, @caseynewton, @mcuban, @caseynewton, @carnage4life, @nanjala1, @fmanjoo, @taylorlorenz, @adamliaw, @revshark, @willoremus, @can, @miarsato, @fanhouse, @allisonlcarter, @andyj0seph, @brosandprose, @carnage4life, @imad, and @tomcoates
| Becky Peterson / The Information: |
Report: Twitter filed to register with the US Treasury to process payments; source: Twitter is working on a product that accepts cryptocurrencies including DOGE — Twitter is taking steps to launch a payment processing product that could put it into competition with PayPal.
More:
New York Times, Adweek, and TechCrunch
Tweets: @mshannahmurphy, @rmac18, @scalzi, @thelincoln, @prothedoge, @r0h1n, @laurengoode, and @goldman
| Taylor Hatmaker / TechCrunch: |
Fake Twitter accounts of athletes and other celebrities, some now suspended, are spreading fake announcements and chaos as paid Blue checkmarks become available — Elon Musk's mercurial leadership and half-baked product plans are already creating fertile ground for confusion on Twitter.
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TMZ.com, Snopes, The Verge, Digg, CNN, The Verge, Pixel Envy, BGR, The Guardian, The Register, Outlaw Journalism Newsletter, PCMag, and Kotaku
Tweets: @mcuban, @jordanliles, @tmz, @grantstern, and @mcuban
| Sara Fischer / @sarafischer: |
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New York Times, Engadget, Engadget, CNN, Bloomberg, TechCrunch, Digiday, Vox, and BGR
Tweets: @nandoodles, @justinhendrix, @oneunderscore__, @mmasnick, @cobie, and @jmaguirecritic
| Mark Gurman / Bloomberg: |
Apple limits iOS' AirDrop in China for receiving files from non-contacts to 10 minutes after its use in protests, and plans to change the global default in 2023 — Apple Inc. has limited the AirDrop wireless file-sharing feature on iPhones in China after the mechanism was used by protesters to spread images to other iPhone owners.
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9to5Mac, TechCrunch, iThinkDifferent, Neowin, Wccftech, Pixel Envy, Cult of Mac, and Macworld
Tweets: @zeyiyang, @therealjoshye, @unhedgedchatter, @applecensorship, and @applecensorship
| Tom Warren / The Verge: |
Microsoft begins to roll out iCloud Photos integration in Windows 11 through an update to the built-in Windows Photos app — Microsoft is starting to roll out iCloud Photos integration into Windows 11. A new update to the Photos app in Windows 11 is now available, which will include …
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Windows Blog, MSPoweruser, Sammy Fans, SamMobile, Softpedia News, and Digital Trends
| Meta: |
Mark Zuckerberg says Meta plans to lay off ~13% of its staff, or 11,000+ employees, and cut discretionary spending and extend its hiring freeze through Q1 2023 — Mark Zuckerberg just shared the following with Meta employees: — Today I'm sharing some of the most difficult changes we've made in Meta's history.| Bloomberg: |
Amazon becomes the world's first public company to lose $1T in market value, from $1.88T in July 2021 to ~$879B; Microsoft has lost $889B since November 2021 — Amazon.com Inc. is the world's first public company to lose a trillion dollars in market value as a combination of rising inflation …
More:
Insider and PYMNTS.com
| Gian M. Volpicelli / Wired: |
Law enforcement agents specializing in cryptocurrency investigations are leaving government agencies and joining firms like Binance, Coinbase, and Chainalysis — Hunting down crypto criminals is a dying art as law enforcement officers jump in-house. — In the course of a decade …
Tweets: @gadgetlab and @wired
| Tom Warren / The Verge: |
GitHub is experimenting with “Hey, GitHub!”, a voice-based interaction system for its Copilot software that will allow programmers to code with just their voice — Microsoft-owned GitHub is experimenting with a new voice-based interaction system for its Copilot software.Sponsor Posts
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