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November 30, 2022, 12:45 PM
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| Financial Times: |
Interviews detail FTX and SBF's lavish spending, aided by minimal internal controls, including $300M+ on Bahamas real estate and chartering Amazon deliveries — When crypto exchange FTX moved its headquarters to the Bahamas from Hong Kong last year, employees discovered that Amazon did not deliver to the island.
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VICE, New York Post, and Insider
Tweets: @nikasgari, @mattgarrahan, @sindap, @nouriel, @antoinegara, @fintechfrank, @prasannavishy, @katie_martin_fx, @emmavj, @mattgarrahan, @antoniabmassa, @sarahoconnor_, @lawmaster, @edcaesar, @epicureandeal, @katie_martin_fx, @antoniofatas, @fascinatorfun, @rvvargas, @nouriel, @durkveenstra, and @etheraltog
| Marco Quiroz-Gutierrez / Fortune: |
In an interview, SBF claims he donated about the same amount to both parties in 2022 but the GOP donations were “dark” money, discusses Alameda, FTT, and more — Sam Bankman-Fried's donations to Democrats are well documented. In an interview released Tuesday …
More:
The Texas Tribune, Coffeezilla on YouTube, Tiffany Fong on YouTube, CoinDesk, Decrypt, Gizmodo, Bitcoin News, Newser, Cointelegraph, crypto.news, Watcher Guru, CryptoSlate, Bitcoinist.com, and Coinspeaker
Tweets: @pelositracker_, @cmsintern, @tiffanyfong_, @coffeebreak_yt, @unusual_whales, @doombergt, @lib_crusher, @tiffanyfong_, @grdecter, @autismcapital, @tiffanyfong_, @neerajka, @heerjeet, @robertmaguire_, @epsilontheory, @adamscochran, @coryklippsten, @tier10k, @zerohedge, @ryansadams, @cryptokaleo, @awprokop, @heerjeet, @bitbitcrypto, @adamscochran, @coffeebreak_yt, @autismcapital, @jimcramer, @grdecter, @krugermacro, @ositanwanevu, @xrp_productions, @grdecter, @lilmoonlambo, @johnedeaton1, @jbarro, @billym2k, @ianbremmer, @autismcapital, @grdecter, @smtuffy, @wublockchain, @jbarro, @steventdennis, @zerohedge, @teddyschleifer, @billym2k, @teddyschleifer, @jsrailton, @texastribune, @0xtuba, @fluentinfinance, @coffeebreak_yt, @icebergy_, @autismcapital, @zerohedge, @jsrailton, @epsilontheory, @pdmcleod, @wyatt_privilege, @johnedeaton1, and @kerpen
| Gregory Zuckerman / Wall Street Journal: |
Sources detail Alameda's early years, starting in fall 2017, as SBF shrugged off concerns about risky investments, leading several employees to quit in 2018 — ‘We ended up not really knowing how much money we even had,’ one former employee says — Why FTX Picked the Bahamas, and What Happens Now to the Crypto Hub
More:
Axios, Bloomberg, and Business Wire
| Juliana Liu / CNN: |
Chinese state media: a five-day COVID lockdown in Zhengzhou, home of Foxconn's “iPhone City”, has been lifted; an analyst says disruptions cost Apple ~$1B/week — Hong Kong CNN Business — The central Chinese city of Zhengzhou, home to the world's largest iPhone factory …
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Ming-Chi Kuo, Reuters, Insider, CoinDesk, CNBC, Barron's Online, AppleInsider, Bloomberg, South China Morning Post, 9to5Mac, DigiTimes, BGR, iPhone in Canada Blog, and Neowin
Tweets: @williamyang120, @jchengwsj, @shehzadhqazi, and @divestech
| Josh Horwitz / Reuters: |
Analysis of Apple's supply chain data shows 44% to 47% of suppliers were China-based between 2014 and 2019, dropping to 41% in 2020 and 36% in 2021 — Apple Inc's (AAPL.O) wide exposure to Chinese manufacturing, notable both for its low costs and rising risks, has receded since the COVID-19 pandemic began … | Danny Nelson / CoinDesk: |
US crypto exchange Kraken plans to lay off 1,100 people, or 30% of its workforce, citing a need to “adapt to current market conditions” — The crypto exchange is laying off 1,100 people, sending its headcount back 12 months. — Crypto exchange Kraken said Wednesday …
More:
Kraken Blog, The Information, Blockworks, Bloomberg, TechCrunch, The Block, Reuters, and CNBC
Tweets: @jeffjohnroberts, @carlquintanilla, @fintechfrank, @dylanleclair_, and @tier10k
| Manish Singh / TechCrunch: |
The European Central Bank says that bitcoin is “rarely used for legal transactions” and is on the “road to irrelevance”, without citing any strong data points — European Central Bank officials alleged on Wednesday that bitcoin is “rarely used for legal transactions …
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European Central Bank, Finbold, The Guardian, Gizmodo, RTÉ, Decrypt, The Block, Finextra, TechSpot, Cointelegraph, CNBC, CryptoGlobe, and Wccftech
Tweets: @ecb, @katie_martin_fx, @thestalwart, @joel_john95, @thestalwart, @notgrubles, @paulbuitink, @udiwertheimer, @wintonark, @btc_archive, @smtuffy, @nvk, @mdudas, @storagezilla, @lefterisjp, @smtuffy, @loomdart, @loopifyyy, @katie_martin_fx, @loic, @thestalwart, @erikvoorhees, @mayhem4markets, @ben_mckenzie, and @sytaylor
| Jackie Davalos / Bloomberg: |
Memo: DoorDash plans to lay off around 1,250 employees, aiming to curb expenses; sources say that represents around 6% of its workforce — DoorDash Inc. is cutting about 1,250 jobs to rein in expenses, acknowledging that a rapid expansion during the pandemic boom has led to mounting losses.
More:
DoorDash Newsroom, The Information, San Francisco Business Journal, CNN, The Hill, CNBC, Engadget, TechCrunch, Reuters, Barron's Online, SlashGear, and Tech Xplore
Tweets: @t_xu, @carnage4life, and @alex
| Platformer: |
Internal messages: Twitter's EMEA ad revenue dropped 15% YoY and weekly bookings are down 49%; source: Blue is delayed as Twitter seeks to skirt App Store fees — Revenues are in free fall, employees say. Can Musk turn the tide? — and Zoë Schiffer
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The Verge, Ars Technica, Thurrott, Gizmodo, Forbes, The Register, MobileSyrup, New York Magazine, Fortune, Washington Post, and Insider
| Sara Dorn / Forbes: |
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NBC News, AppleInsider, Insider, iClarified, Insider, MacDailyNews, Gizmodo, CNBC, Coinspeaker, FOSS Patents, and iThinkDifferent
Tweets: @edzitron, @ozindie, @repkenbuck, @jdvance1, @r0wdy_, @karlbode, @karaswisher, @jamesrbuk, @pt, @tomfitton, @evan_greer, and @cat_zakrzewski
| Ariel Shapiro / The Verge: |
Spotify releases Wrapped 2022 for users, adding a “music personality” feature, and says Joe Rogan, Emma Chamberlain, and others were its top podcasters — Spotify Wrapped is here, and with it, a slew of year-end charts, data, and graphics ripe for sharing.
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Spotify, TechCrunch, NBC News, PCMag, Windows Central, Fortune, Gizmodo, 9to5Mac, USA Today, Android Authority, Adweek, BGR, VentureBeat, Engadget, Music Ally, Laptop Mag, MobileSyrup, Wall Street Journal, Variety, Variety, MUO, Mashable, Android Headlines, All This Is True, and The Indian Express
Tweets: @musicstruggles1, @0xgaut, @jackmaccfb, @jonnygabriel, @brandonwong1004, @carnage4life, and @anthony
| David Pan / Bloomberg: |
As crypto miners default on loans, lenders could receive mining equipment as collateral, a popular financing tool, increasing losses as the rigs' value plunges — Beleaguered crypto lenders are being dealt another blow from Bitcoin miners as they weather the aftermath of the FTX collapse.| Christiana Loureiro / The Block: |
IBM and Maersk plan to shutter their blockchain supply chain service TradeLens, launched in 2018, in Q1 2023; Maersk blames a lack of industry collaboration — - The companies made a viable platform but couldn't get a global collaboration going. — Danish shipping company Maersk and IBM …
More:
Maersk, CoinDesk, SiliconANGLE, Tech Monitor, Supply Chain Dive, The Register, Global Trade Review, Coinspeaker, and crypto.news
Tweets: @mc_of_a, @pbrody, @paddi_hansen, @ghaff, @davidgerard, @wublockchain, and @irinaheaver
| Financial Times: |
SpaceX's Starlink increases the price for new Ukrainian customers to $700, far above the $385 cost from earlier in 2022; monthly subscriptions rise to $75 — Cost of communications devices made by Elon Musk-owned SpaceX set to rise due to Russian assault on electricity grid| Olivia Carville / Bloomberg: |
A look at TikTok's role in spreading the “blackout challenge”, leading some kids to choke themselves to death, as critics say the company could be doing more — “Sissy's tangled!” — The 5-year-old boy's panicked cries echoed down the hallway of the Arroyos' three-bedroom clapboard house in Milwaukee.
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Law Street Media. Tweets: @jasonmillerindc, @melinanders, @zaidjilani, @livcarville, @joelwebershow, @livcarville, @livcarville, @beyondreasdoubt, @elizabethelkin, and @g0ingmad
| Financial Times: |
A look at China's growing interest in the open-source Risc-V chip architecture after US sanctions, including enlisting Alibaba and Tencent to help design chips — Chinese government steps up push to use Risc-V in move aimed at boosting domestic production of semiconductors| Emily Nicolle / Bloomberg: |
Emboldened by FTX's collapse, the disgraced founders of Terra, Celsius, and Three Arrows Capital have reemerged, offering their thoughts on SBF, FTX, and more — Welcome to Bloomberg Crypto, our twice-weekly look at Bitcoin, blockchain and more. If someone forwarded this to you, sign up here.
More:
Crypto Briefing. Tweets: @zhusu, @zhusu, @kyleldavies, @kyleldavies, @zhusu, @kyleldavies, @castillotrading, @altcoingordon, @kyleldavies, @icebergy_, @emilyjnicolle, @0xmakesy, @erikvoorhees, @0xquit, @zhusu, @austerity_sucks, @johnwrichkid, @tree_of_alpha, @fatmanterra, @roninroh, @mdudas, @dylanleclair_, @cobie, and @mdudas
| Ivan Mehta / TechCrunch: |
Airbnb launches a program to help renters find an apartment in 25 US markets and then list a spare room or occasionally the whole apartment on the platform — Airbnb really wants you to Airbnb an apartment. So its latest step is to find renters a place, which they can also list on the travel booking platform.
More:
Gizmodo, Bloomberg, Wall Street Journal, PYMNTS.com, Airbnb Newsroom, and Reuters
Tweets: @tsoh_investing and @drorpoleg
| Annie Lowrey / The Atlantic: |
A look at Black American crypto investors, many of whom bought in near the top, as the market declines from its 2021 peak and some lose significant sums — Two years ago, a Maryland-based information-technology specialist—who asked to remain anonymous for reasons that will become apparent in a minute …
Tweets: @dkthomp, @raadzzi, @_shamgod, @willbredderman, @slangdini, @zellnor4ny, and @_zeets
| Kristin Majcher / The Block: |
Brazil's Chamber of Deputies has approved a longstanding crypto bill defining digital assets and their service providers; bill now requires president's approval — - Brazil's chamber of deputies finally approved a long-awaited crypto regulation bill. — The bill could now go to Brazilian President Jair Bolsonaro for approval.| Kyle Wiggers / TechCrunch: |
NYC-based Teampay, a low-code service to help enterprises automate software purchasing, raised a $47M Series B, comprising $35.25M equity and $11.75M debt — In 2016, Andrew Hoag, formerly a senior manager at Verisign and a web project lead at NASA's Ames Research Center, founded Teampay …
More:
Business Wire
| The Intercept: |
Some prominent antifascist organizers and journalists have had Twitter accounts suspended in the past week, after right-wing operatives appealed to Elon Musk — Elon Musk claims to be “fighting for free speech in America” but the social network's new owner appears to be overseeing a purge of left-wing activists from the platform.
More:
Insider, @igd_news@kolektiva.social, and Semafor
Tweets: @micahflee, @wrkclasshistory, @theintercept, @espiers, @dulhunty, @brandondarby, and @esqueer_
| Bloomberg: |
Sources: LedgerX, known as FTX US Derivatives, plans to make $175M available for FTX's bankruptcy, part of a $250M fund reserved for a CFTC application — LedgerX — one of the few corners of Sam Bankman-Fried's crumbled crypto empire that remain solvent — is preparing to make available $175 million … | Alex Cranz / The Verge: |
Amazon Kindle Scribe review: great battery, display, and accessories, but lackluster notetaking, outdated document syncing and software, and small writing delay — Amazon's biggest Kindle ever is also the first to let you pair it with a stylus for note-taking.
More:
Engadget, ZDNet, Washington Post, CNET, TechCrunch, PCMag, and Digital Trends
Tweets: @pierce and @alexhcranz
| Yogita Khatri / The Block: |
Binance acquires Japan-based licensed exchange Sakura Exchange BitCoin for an undisclosed sum, the exchange's re-entry to Japan and first license in East Asia — - Binance has entered Japan by acquiring the locally licensed exchange Sakura Exchange BitCoin (SEBC). — The terms of the deal were not disclosed.
More:
Binance, Bloomberg, Finextra, TechCrunch, Crypto Daily, CoinJournal, Agence France-Presse, Coinspeaker, Watcher Guru, Reuters, Bitcoinist.com, crypto.news, Cryptonews, CoinGape, and CoinDesk
Tweets: @cz_binance, @tree_of_alpha, @wublockchain, @watanabesota, and @binance
| CNBC: |
In a bankruptcy hearing, BlockFi's lawyers say the lender plans to reopen withdrawals, BlockFi lent $671M to Alameda and has $355M frozen on FTX, and more — - BlockFi's first bankruptcy hearing in New Jersey kicked off on Tuesday, with lawyers emphasizing the crypto lender's strong corporate controls and customer prioritization.
More:
CoinDesk, Bloomberg, The Block, and CoinGape
Tweets: @arkhamintel, @epsilontheory, @epsilontheory, @camcrews, @mhonkasalo, @layahheilpern, @blockfi, @deitaone, and @kadhim
| Lucía Cholakian Herrera / Rest of World: |
As annual inflation nears 100% in Argentina, a look at locals' use of Mercado Pago and other digital wallets to protect their pesos, amid scam and theft issues — Payment apps cushion users from a falling peso but won't protect them from theft. — • BUENOS AIRES, ARGENTINA
Tweets: @luciacholakian
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