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November 22, 2022, 3:25 PM
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WeSmirchTop News
| Koh Gui Qing / Reuters: |
Records: FTX, its executives, and SBF's parents bought 19+ properties in the Bahamas worth ~$121M over the past two years as “residence for key personnel” — Sam Bankman-Fried's FTX, his parents and senior executives of the failed cryptocurrency exchange bought …
More:
Bloomberg, The Block, The Guardian, Bloomberg, Fortune, New York Post, Forbes, Gizmodo, Coinspeaker, Crypto Briefing, The Block, Cryptonews, Insider, Cointelegraph, Watcher Guru, and Bitcoin News
Tweets: @watcherguru, @tier10k, @pelositracker_, @niubi, @wallstreetsilv, @lilmoonlambo, @eliotwb, @niubi, @raph_bloch, @rwpusa, @silvermanjacob, @ericliptonnyt, @johnedeaton1, @ghostofwhitman, @plebcapital, @buccocapital, @neontaster, @ledgerstatus, @priapusiq, @baldingsworld, @coryklippsten, @smtuffy, @aaronwall, @spencerjakab, @smtuffy, @tombevanrcp, @packym, @tombevanrcp, @biohazard3737, @zerohedge, @scottmelker, @hsakatrades, and @jeffhauser
| Eliza Gkritsi / CoinDesk: |
Filings: FTX, Alameda, and other affiliates have $1.2B in cash reserves, below the $3.1B owed to the top 50 creditors; Alameda's reserves are largest at ~$393M — The bankrupt crypto exchange FTX owes around $3.1 billion to its top 50 creditors. — The various divisions …
More:
Forbes, The Block, Bloomberg, The Daily Hodl, Financial Times, CNBC, CryptoPotato, Financial Times, PYMNTS.com, and TheStreet
Tweets: @jeffkauflin, @evgenygaevoy, @danny8bc, @kadhim, @wublockchain, @kadhim, @smtuffy, @ericzhu105, and @parabolit
| Washington Post: |
Sources detail Elon Musk's rapid dismantling of Twitter's safety work, narrowing its scope to whatever he deems violent, threatening “sticks and stones” talk — Amid the wider turmoil since his takeover last month, Musk has moved rapidly to undermine Twitter's deliberative content-moderation system.
More:
The Hill. Tweets: @timobrien, @gerritd, @ronbrownstein, @nitashatiku, @jsrailton, @esqueer_, @whstancil, @jayrosen_nyu, @mattnavarra, @cat_zakrzewski, @poppy_haze, @nitashatiku, and @shiraovide
| Alex Heath / The Verge: |
Elon Musk holds Blue Verified's relaunch until “there is high confidence of stopping impersonations” and floats using different colors for orgs and individuals — Elon Musk told Twitter employees on Monday that the company won't relaunch its paid verification subscription …
More:
Ars Technica, Gizmodo, MobileSyrup, TechCircle, BGR, Firstpost Tech, PCMag, Financial Times, The Economic Times, CNBC, The Red Tape Chronicles, Android Headlines, iPhone in Canada Blog, and Fortune
Tweets: @elonmusk, @elonmusk, @bgurley, @mer__edith, @vladsavov, @mattdpearce, @baratunde, and @alexeheath
| Liz Hoffman / Semafor: |
Despite Elon Musk publicly distancing himself from SBF, texts between them on May 5 show SBF rolled over $100M in Twitter stock during Musk's takeover — Elon Musk used Twitter, the platform he now owns, to gleefully mock the meltdown of the crypto exchange FTX.
Tweets: @semafor, @mchalfant16, @rachelhaot, @semaforben, @carlquintanilla, @cwarzel, and @gerritd
| Alex Heath / The Verge: |
Sources: at an all-hands, Elon Musk said Twitter is done with layoffs and actively recruiting for roles in engineering and sales; Twitter has 2,700+ employees — After purging nearly two-thirds of Twitter's 7,500-person workforce in three weeks, Elon Musk is hiring again.
More:
The Verge, Platformer, Ars Technica, Wall Street Journal, Thurrott, The Hill, Fortune, MobileSyrup, The Verge, Techdirt, Insider, Digit, Neowin, Android Headlines, TechCircle, ZDNet, 9to5Mac, The Verge, and Gizchina
Tweets: @caseynewton, @alexeheath, @elonmusk, @alexeheath, @alexeheath, @alexeheath, @reckless, @philmcduff, @martinsfp, @adamsessler, @growing_daniel, @zenofdesign, @growing_daniel, @genzforchange, @_alialkhatib, @jodiecongirl, @itguy1959, @alexeheath, @alexeheath, @mmasnick, @alexeheath, @pleasebegneiss, @notcapnamerica, @stevesi, @alexhern, @eevee, @brianmfloyd, @thecriticaldri2, @film_girl, @gergelyorosz, @lilahsturges, @caseynewton, @gergelyorosz, @themaxburns, @alexeheath, @alexeheath, @gergelyorosz, @dantley, @metareflexive, @carnage4life, @saradannerdukic, @siruihua, @elonmusk, @chronic, @pnjaban, and @lib_crusher
| New York Times: |
After taking over Twitter, Elon Musk repeats tactics from SpaceX and Tesla, including firing workers, talking of bankruptcy, and introducing a “hardcore” style — Firing people. Talking of bankruptcy. Telling workers to be “hard core.” Mr. Musk has repeatedly used those tactics at many of his companies.
More:
Gizmodo, New York Times, TheStreet, Newser, and Protocol
Tweets: @noamscheiber, @goldman, @rmac18, @rmac18, and @harrymccracken
| New York Times: |
Since Elon Musk's takeover, sources say Twitter has in some cases chosen not to pay vendors, as it reviews and renegotiates deals to cut expenses — Mr. Musk and his advisers are examining all types of expenses at Twitter. Some of the social media company's vendors have gotten stiffed.
More:
Insider. Tweets: @mikeisaac, @rmac18, @whet, @jcoviedo6, @mattbilinsky, @briannawu, @goldman, @ryanlcooper, and @benryanwriter
| Bloomberg: |
Sources: Genesis struggles to raise $1B+ funding 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 …
More:
The Block, Wall Street Journal, New York Times, The Block, Financial Times, Reuters, Quartz, WRAL TechWire, Reuters, Sydney Morning Herald, Web3 is going just great, Gizmodo, Crypto Daily, Coinspeaker, The Block, CryptoPotato, Watcher Guru, Ethereum World News, crypto.news, Livemint, Protos, CoinDesk, Dematerialzd.xyz, and Coinpedia Fintech News
Tweets: @tier10k, @gemini, @fintechfrank, @tier10k, @tier10k, @fintechfrank, @fintechfrank, @tier10k, @cryptocred, @tier10k, @fintechfrank, @pythianism, @tree_of_alpha, @ek_hudson, @kyledoops, @gilmoandco, @adamscochran, @chahalvermaa, @bleeding_crypto, @petergleick, @mikealfred, @kadhim, @doombergt, @ogdfarmer, @monkeycharts, @ellebeyoud, @silvermanjacob, @billcorbett, @ercwl, @kylesgibson, @hodlkryptonite, @wublockchain, @asvanevik, @0xfoobar, @0xfoobar, @marionawfal, @jnicholsonindc, @coffeebreak_yt, @_tolks, @whalecointalk, @arkloster, @ap_archpublic, @tradermayne, @concodanomics, @ramahluwalia, @cmsholdings, @biancoresearch, @lisaabramowicz1, @jasoneburack, @julianhosp, @marionawfal, @andy8052, and @sonalibasak
| Bloomberg: |
Sources: Genesis Global has $2.8B in outstanding loans, including ~30% of its lending made to related parties like its parent company DCG — The troubled brokerage Genesis Global has $2.8 billion in outstanding loans on its balance sheet, with about 30% of its lending made to related parties including …
More:
Decrypt, CoinDesk, Reuters, and crypto.news
Tweets: @ap_archpublic, @tier10k, @loopifyyy, @darealmilkbagz, @charliebilello, @sicarious_, @ap_archpublic, @gainzy222, @delphi_digital, @delphi_digital, @wintonark, @highcoinviction, @delphi_digital, @twobitidiot, @delphi_digital, @iamdcinvestor, @nachotrades, @joeconsorti, @kadhim, @marionawfal, @dylanleclair_, @tier10k, @tier10k, @tier10k, @tier10k, @mikeburgersburg, and @twobitidiot
| Stephanie Murray / The Block: |
| Bloomberg: |
Sources: Binance CEO Changpeng Zhao met with investors in Abu Dhabi last week to raise money for a crypto industry recovery fund — Binance Chief Executive Officer Changpeng “CZ” Zhao and several deputies met with investors in Abu Dhabi last week in an effort to raise cash …
More:
PYMNTS.com, Cointelegraph, CryptoSlate, CoinDesk, The Block, and CoinGape
| Samuel Stolton / Politico: |
The UK's CMA launches an investigation into Apple's and Google's dominance in mobile browsers and cloud gaming, following a survey that found a “stranglehold” — Apple and Google could be forced to loosen their grip on mobile systems after the United Kingdom's competition watchdog launched …
More:
GOV.UK, MacRumors, BBC, Tech Monitor, AppleInsider, Game Developer, Windows Central, Computerworld, Bloomberg, Reuters, Softpedia News, iThinkDifferent, iPhone in Canada Blog, TheGamer, CNBC, iPhone Hacks, Mobilegamer.biz, MacDailyNews, Pocket-lint, iClarified, Philip Elmer‑DeWitt, TechCrunch, 9to5Mac, and Android Central
Tweets: @tomwarren, @s8mb, @profschrepel, @dstallibrass, @megangra, and @cmagovuk
| Mack DeGeurin / Gizmodo: |
Meta's researchers detail Cicero, an AI trained to “human level performance” in negotiation-based strategy game Diplomacy, ranking in the top 10% over 40 games — Ever since IBM's Deep Blue artificial intelligence system defeated world chess champion Garry Kasparov at his own game in 1997 …
More:
Meta AI, Science, Meta, PCMag, Engadget, New Scientist, Forbes, and publication
Tweets: @emollick, @zck, @lugaricano, @dgardner, @lugaricano, @jamespoulos, @khurlucchi, @erikbryn, @nimalan, @soumithchintala, @zck, @wophugus, @celltypist, @lndian_bronson, @schrep, @schrep, and @olivercameron
| Sarah Perez / TechCrunch: |
Tumblr plans to support ActivityPub, the open and decentralized social networking protocol powering Mastodon, Instagram-like Pixelfed, PeerTube, and others — Tumblr will add support for ActivityPub, the open, decentralized social networking protocol that's today powering social networking software …
Tweets: @photomatt, @harrymccracken, @donmacaskill, @stefangreybeard, @elamhut, @jbenton, @kelseyhightower, @migueldeicaza, and @joelghill
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Tweets: @iansagstette, @cryptoncoffeee, @petrifytcg, @sassal0x, @haileylennonbtc, and @nonfungiblenoah
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Tweets: @davidenrich, @emilysteel, @emilysteel, @hkanji, @tonyromm, @ericliptonnyt, @davidenrich, @silvermanjacob, @senmattklein, and @dangillmor
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