Techmeme
November 21, 2022, 5:45 PM

Top News

Stephanie Murray / The Block:
DCG's Grayscale refuses to share proof of reserves, citing “security concerns”, as Grayscale Bitcoin Trust reaches new lows and DCG's Genesis halts withdrawals  —  Grayscale will not show proof of reserves due to “security concerns,” after its bitcoin and ether products fell to all-time lows this week.
Sunil Jagtiani / Bloomberg:
Crypto prices sink, with bitcoin down 5%+ to under $16K and ether down ~7% to ~$1.1K, rocked by the FTX saga, hacker offloading ether, and potential contagion  —  Cryptocurrency prices struggled Monday in the ongoing crisis sparked by the downfall of Sam Bankman-Fried's once powerful FTX empire.
Bloomberg:
Sources: Genesis is trying to raise at least $1B for its lending unit and warns potential investors that it may need to file for bankruptcy if its efforts fail  —  Digital-asset brokerage Genesis is struggling to raise fresh cash for its lending unit, and it's warning potential investors …
Thomas Germain / Gizmodo:
Despite Apple saying that usage data it collects does not include personally identifiable info, researchers say it contains an ID that is unique to the user  —  Your iPhone's analytics data includes an ID number tied to your name, email, and phone number, say researchers who uncovered other holes in Apple' promises.
Ryan Lovelace / Washington Times:
Twitter reinstates the accounts of Ye, Project Veritas, and others, despite Musk's pledge to delay such decisions until forming a content moderation council  —  Several banned Twitter users are making their return to the social media platform, following new owner Elon Musk clearing a path …
Bloomberg:
Mass tech layoffs leave hundreds of H-1B visa holders scrambling for new jobs to stay in the US; Amazon, Meta, and others sponsored 45K+ in the last three years  —  Mass tech layoffs have left hundreds of workers living in the US on temporary visas with little time to find another job, or they'll have to leave the country.
Matt Novak / Gizmodo:
Mark Niquette / Bloomberg:
Vitalik Buterin's website:
Alex Weprin / The Hollywood Reporter:
Maria Deutscher / SiliconANGLE:
Meta rolls out its Precision Time Protocol to its data centers, upgrading on the Network Time Protocol, aiming to sync its networks down to nanoseconds  —  Meta Platforms Inc. today detailed an internal initiative years in the making that focused on upgrading its data centers' timing protocol …
Washington Post:
US government officials worry over Twitter's potential demise, arguing the platform is one of the most effective emergency communication tools  —  LOS ANGELES — Kate Hutton was watching a Dodgers game one Friday night when she saw something strange in the outfield: The foul poles swayed, her TV feed trembled.
David Yaffe-Bellany / New York Times:
A look at Gary Gensler's plan to regulate most crypto as securities and questions over the SEC's handling of FTX, which met the regulator before its implosion  —  Gary Gensler, the chair of the S.E.C., is at the center of a reckoning over the future of cryptocurrency after the implosion of FTX.
Paul Tassi / Forbes:
Twitter's automated copyright strike system appears to be broken, as users upload full movies; some accounts with viral tweets were later suspended  —  While Twitter, the website, remains online and has not simply collapsed after the vast majority of workers were fired or resigned under Elon Musk …
Mark Gurman / Bloomberg:

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