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November 16, 2022, 9:25 AM
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| Reuters: |
A look at SBF's desperate efforts to raise $7B+ from Sequoia, Apollo, TPG, the Saudis, and others; FTX's internal accounting software hid FTX-Alameda transfers — As customers withdrew billions of dollars from crypto exchange FTX one frantic Sunday this month, founder Sam Bankman-Fried worked …
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Bloomberg, The Guardian, The Block, Fortune, Gizmodo, Crypto Banter on YouTube, crypto.news, Bitcoinist.com, and Financial Times
Tweets: @sbf_ftx, @sbf_ftx, @matthuang, @sbf_ftx, @sbf_ftx, @sbf_ftx, @mrcustomsuit, @statelayer, @sbf_ftx, @sbf_ftx, @ldelevingne, @investmentshulk, @cryptovinco, @adamscochran, @adamscochran, @rwpusa, @functi0nzer0, @gbrl_dick, @0xfbifemboy, @coloradotravis, @crypto_bitlord7, @firstadopter, @firstadopter, @ft__trading, @paleofuture, @timccopeland, @cz_binance, @poordart, @statelayer, @rewkang, @andr3w, @epsilontheory, @farokh, @neontaster, @adamscochran, @koroushak, @austen, @0xdoug, @silvermanjacob, @fintwit_news, @mrchrisellis, @altcoinpsycho, @autismcapital, @bitfalls, @runemirqi, @matthuang, @zerohedge, @tree_of_alpha, @jason_howerton, @219_eth, @pdacosta, @harrygrobertson, @ashleevance, @rager, @prestonjbyrne, @punk6529, @elisamartinuzzi, @andrewtghill, @bitboy_crypto, @cobie, @johnedeaton1, @peter_tl, @0x7d54, @nkulw, @ivanthek, @fintechfrank, @shitmgmtsays, and @gearoidreidy
| Sidhartha Shukla / Bloomberg: |
A wallet linked to the suspected FTX hacker swapped ~$49M of stablecoins for ether, taking its haul to 228,523 ETH and becoming the 35th largest ETH holder — The hacker who raided Sam Bankman-Fried's collapsed crypto exchange FTX is now one of the world's biggest holders of the token Ether.
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The Block, CoinGape, Cointelegraph, and Bitcoinist.com
| Milky Eggs: |
Everything we know about FTX's collapse: losses are likely >$15B, trades became increasingly risky, SBF was erratic, rash, and relied on stimulants, and more — If you want to read a poorly researched fluff piece about Sam Bankman-Fried, feel free to go to the New York Times (PDF).
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Astral Codex Ten, Fortune, Crypto Clarity, Cryptonews, forum.effectivealtruism.org, and International Business Times
Tweets: @autismcapital, @autismcapital, @autismcapital, @moonoverlord, @vydamo_, @stephenjudkins, @sasuke___420, @davidgerard, @avi_eisen, @iamdcinvestor, @telmudic, @minds0n, @totlsota, @newriverinvest, @sunjeevbery, @stevehouf, @macrocephalopod, @jaimin_building, @mrjasonchoi, @0xfbifemboy, @0xfbifemboy, @libevm, @friscojosh, @paulbohm, and @smdiehl
| Washington Post: |
In an email to Twitter staff, Elon Musk gives an ultimatum: commit to a new “hardcore” Twitter by 5pm ET on Thursday or leave with three months severance — It comes as Musk's first major feature, Twitter Blue Verified, was halted while the company probes issues that arose from its launch.
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Financial Times, CNN, The Guardian, Engadget, Fortune, Gizmodo, TechCrunch, The Economic Times, Insider, Politico, Insider, Forbes, Axios, Bloomberg, CNBC, Android Headlines, Neowin, and Mashable
Tweets: @gergelyorosz, @donie, @zoeschiffer, @gergelyorosz, @mnateshyamalan, @ariehkovler, @nicoleperlroth, @alexhern, @liamkircher, @paulg, @faizsays, @rottenindenmark, @shiraovide, @moorehn, @paulg, @jamesrbuk, @zoeschiffer, @katymontgomerie, @whiteroseafa, @jamesrbuk, @tante, @migueldeicaza, @zsk, @gergelyorosz, @joshscherr, @martinsfp, @jortsthecat, @adamndsmith, @emilygorcenski, @oliviasolon, @rossmccaff, @riptari, @gergelyorosz, and @sarahoconnor_
| Casey Newton / @caseynewton: |
| Kurt Wagner / Bloomberg: |
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New York Times, Platformer, Vox, Insider, The Verge, and Firstpost Tech
Tweets: @ericfrohnhoefer, @tweetsbyparker, @bgleib, @elivalley, @carnage4life, @schrep, @holman, @jessefeinman, @gergelyorosz, @cfarivar, and @apark2453
| Nelson Wang / CoinDesk: |
Genesis' crypto lending unit, which had $2.8B in active loans in Q3, suspends redemptions and new loan originations; trading and custody units are unaffected — The unit, known as Genesis Global Capital, serves an institutional client base and had $2.8 billion in total active loans as of the end of the third quarter of 2022.
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Gemini, The Block, The Block, Blockworks, Livemint, Decrypt, Reuters, Financial Times, Bloomberg, Trustnodes, NewsBTC, and CryptoSlate
Tweets: @autismcapital, @tree_of_alpha, @hodlwithledn, @fintechfrank, @dcgco, @gemini, @lawmaster, @genesistrading, @moonoverlord, @cobie, @emostaque, @dcgco, @dcgco, @tree_of_alpha, @gainzy222, @kylebrussell, @ercwl, @raoulgmi, @dogetoshi, @satoshiflipper, @nexo, @seyitaylor, @tree_of_alpha, @dylanleclair_, @kamikaz_eth, @cryptocevo, @mayhem4markets, @colin_gladman, @dannydevan, @txmctrades, @mdudas, @wublockchain, @hsakatrades, @defiyst, @tree_of_alpha, @dylanleclair_, @mrjasonchoi, @dylanleclair_, @deitaone, @adamscochran, and @fundiescapital
| Mark Gurman / Bloomberg: |
Internal meeting: Tim Cook told German engineering and retail staff that Apple plans to start sourcing chips from a plant under construction in Arizona in 2024 — Apple Inc. is preparing to begin sourcing chips for its devices from a plant under construction in Arizona …
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PCMag, Philip Elmer‑DeWitt, MacDailyNews, BGR, iPhone in Canada Blog, TechSpot, The Verge, MacRumors, Fossbytes, Appuals.com, and Engadget
Tweets: @vyyyper, @pelstrom, @martinsfp, @witeken, @santiagoaufund, and @niubi
| Jay Peters / The Verge: |
Elon Musk says the new Twitter Blue will relaunch on November 29 “to make sure that it is rock solid”, after pausing signups due to many fake verified accounts — Elon Musk says the new Twitter Blue, which lets you pay $7.99 per month for a blue verification check mark next to your name, will relaunch on November 29th.| CNBC: |
Despite repeated assurances from Crypto.com CEO Kris Marszalek, customers worry over the exchange's solvency; Crypto.com's CRO token drops ~40% in the past week — - Crypto.com CEO Kris Marszalek has taken to Twitter, YouTube and the airwaves to try to reassure customers that their deposits …
More:
Bloomberg and TrackRecord Daily
| Oliver Knight / CoinDesk: |
An independent audit shows the Luna Foundation Guard spent $2.8B in crypto and Terraform Labs spent $613M trying to defend the UST stablecoin in May 2022 — Terraform Labs founder Do Kwon dismissed similarities with the collapse of FTX. — Luna Foundation Guard (LFG) …
More:
Terra, JS Held, The Block, Crypto Briefing, CryptoPotato, CoinGape, and CryptoSlate
Tweets: @lfg_org, @riddle245, @traderrocko, and @lfg_org
| Matthias Bastian / The Decoder: |
Meta AI and Papers with Code unveil Galactica, an open-source LLM for generating literature reviews, wiki articles, lecture notes on scientific topics, and more — The Galactica large language model (LLM) is being trained with millions of pieces of academic content.
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Galactica and The Road to AI We Can Trust
| Allison Johnson / The Verge: |
Qualcomm unveils the Snapdragon 8 Gen 2, claiming 35% faster CPU performance, 25% Adreno GPU performance, Wi-Fi 7 support, and up to 4.35x faster AI performance — Qualcomm has announced all the details of its next flagship chipset, the Snapdragon 8 Gen 2, with a focus on better and more efficient performance for AI-related tasks.
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Wireless Technology …, XDA Developers, Sammy Fans, Gizmodo, GSMArena.com, MUO, SamNews 24, iClarified, Huawei Central, Pandaily, and SamMobile
Tweets: @neiltwitz, @patrickmoorhead, @patrickmoorhead, @aamirsidd94, and @mkbhd
| Mike Truppa / The Block: |
Matter Labs, which develops the Ethereum scaling protocol zkSync, raised a $200M Series C led by Blockchain Capital and Dragonfly, bringing its funding to $458M — - Matter Labs has raised $200 million in a Series C round led by Blockchain Capital and Dragonfly.
More:
Decrypt, TechCrunch, CoinDesk, Fortune, and Matter Labs
| Claire Woodcock / VICE: |
Some public libraries in the US and Canada are using open-source software MUSICat to offer their own music streaming services and boost their local music scenes — It's not Spotify, but some cities now host music platforms with their own local flavor. — Claire Woodcock| Miles Kruppa / Wall Street Journal: |
Activist investor TCI, which has a $6B+ stake in Alphabet, calls on the company to aggressively reduce headcount and cut costs in its long-term bets like Waymo — Hedge fund says company would be more efficient with fewer employees — Activist hedge fund TCI Fund Management called … | Max Chafkin / Bloomberg: |
A look at Alphabet X's Mineral project to build unmanned rovers with sensors and cameras for collecting data that helps agricultural companies improve yields — When Deb Menicos walks a strawberry field, she doesn't just look at the berries. Menicos, who holds a Ph.D. in plant breeding …
Tweets: @theteamatx, @chafkin, @rpethe, and @business
| Politico: |
German, French, and Norwegian data authorities warn against Qatar's World Cup app Hayya and infection-tracking app Ehteraz, citing privacy and security concerns — Two World Cup apps pose serious privacy and security risks, European privacy regulators say.| Nikhil Patwardhan / Moneycontrol: |
Simplilearn, which offers upskilling courses, bootcamps, and certifications, raised $45M led by GSV Ventures; Blackstone acquired a $250M majority stake in 2021 — The higher learning edtech platform will use the funds to boost its growth plans in India and international markets
More:
The Economic Times, Entrackr, and Inc42 Media
| Jess Weatherbed / The Verge: |
DuckDuckGo launches App Tracking Protection in public beta on Android, helping block third-party trackers within apps — DuckDuckGo's App Tracking Protection is now available for public beta testing on all Android devices after launching in a limited beta almost one year ago.
More:
CNET, Gizmodo, and Spread Privacy
| Bloomberg: |
Microsoft plans to publish an annual review of internal harassment claims, heeding recommendations from a law firm hired after reports of Bill Gates' misconduct — Microsoft Corp. will adopt a series of new sexual harassment policies, following recommendations made by a law firm the company hired …
More:
The Official Microsoft Blog, Gizmodo, TheGamer, MSPoweruser, Wall Street Journal, and Seattle Business Journal. Tweets: @toddbishop
| Josh Ye / Reuters: |
Tencent reports Q3 revenue down 2% YoY to ~$19.8B, below ~$20B estimates, and plans to distribute most of its ~$20B Meituan stake to shareholders as a dividend — Tencent Holdings (0700.HK) on Wednesday said it would distribute most of its stake worth $20.3 billion in food delivery firm Meituan … | Varsha Bansal / Rest of World: |
Some Indian gig workers, tired of algorithms dictating their lives and work, are using Telegram to share cheap hacks for gaming the platforms to their advantage — Tired of the obscurity around black box algorithms that dictate their lives, India's gig workers are coming up with jugaads to game the system.Sponsor Posts
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