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December 5, 2022, 6:20 AM
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| Joshua Oliver / Financial Times: |
In an interview, SBF admits involvement in Alameda's largest uses of funds: spending $3B to buy out Binance's stake in FTX and pouring $4B into venture capital — Exchange's former CEO says he was close to key decisions at nominally separate trading firm — Speaking from his bed in Nassau …
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Wall Street Journal, The Block, Bloomberg, Decrypt, CryptoPotato, Inside Bitcoins, Axios, Coinspeaker, Mailchimp, Bloomberg, Reuters, Crowdfund Insider, Cointelegraph, The Block, Forkast, and CryptoGlobe
Tweets: @sbf_ftx, @repmaxinewaters, @autismcapital, @brian_armstrong, @billackman, @fintechfrank, @bryvkin, @fintechintern, @brian_armstrong, @adamsamson, @jimiuorio, @smtuffy, @jbarro, @aosipovich, @wclementeiii, @zerohedge, @mechmarkets, @lilmoonlambo, @altcoindailyio, @caspiancey, @doombergt, @billackman, @adamscochran, @iamdcinvestor, @coryklippsten, @ericbalchunas, @zerohedge, @basedkarbon, @chrismasterjohn, @nntaleb, @trungtphan, @doubleeph, @smtuffy, @kadhim, @antoniogm, @jbarro, @autismcapital, @interfluidity, @smdiehl, @bitfinexed, @birdyword, @khalafroula, @kadhim, @twobitidiot, @wallstcynic, @alistairmilne, @theblock__, @ldrogen, @tobi, @punk6529, @johnedeaton1, @adamscochran, @tomfitton, @mayazi, @twobitidiot, @byronyork, @danprimack, @intocryptoverse, @brianstelter, @doubleeph, @thedragonfeeder, @cgasparino, @sdatika1, @keubiko, @smtuffy, and @nkulw
| Ankush Khardori / New York Magazine: |
Unlike Bernie Madoff, SBF has not confessed to any criminal conduct, arguing FTX's collapse was purely sloppiness, meaning a US prosecution could take some time — On December 11, 2008, Bernie Madoff was arrested and criminally charged with one of the biggest financial frauds in history …
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Finbold, The Hill, and The Economic Times
| Joe Rossignol / MacRumors: |
Kuo: mass shipments of Apple's AR/VR headset may be delayed until H2 2023, from previously estimated Q2 2023, due to “software-related issues” — Mass shipments of Apple's long-rumored AR/VR headset may be delayed until the second half of 2023 due to unspecified “software-related issues …
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XDA Developers, Neowin, Digit, GSMArena.com, Livemint, Appuals.com, Wccftech, SlashGear, iPhone in Canada Blog, Digital Trends, BGR India, iThinkDifferent, 9to5Mac, iMore, SiliconANGLE, Philip Elmer‑DeWitt, AppleInsider, iClarified, CNET, and Cult of Mac
Tweets: @mingchikuo, @mingchikuo, @mingchikuo, @mingchikuo, @rsgnl, @carnage4life, @mingchikuo, @rjonesy, @scobleizer, and @rsgnl
| Reuters: |
Source: Foxconn expects its Zhengzhou plant to resume full production in late December or early January, but plans may change; November revenue drops 11.4% YoY — Apple supplier Foxconn (2317.TW) expects its COVID-hit Zhengzhou plant in China to resume full production around late December to early January …
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South China Morning Post, Bloomberg, MacRumors, Financial Times, Foxconn, Wccftech, and The Information
Tweets: @peterhoskinstv and @sino_market
| Lauren Goode / Wired: |
An interview with Max Levchin on Affirm, the US CFPB's inquiry into BNPL services, problems with credit cards, the current economic environment, and more — The PayPal cofounder on why his “buy now, pay later” company Affirm is a healthier way to borrow, what caused the techlash, and Elon Musk's Twitter.
Tweets: @laurengoode, @laurengoode, @laurengoode, @laurengoode, @laurengoode, @laurengoode, @wired, @usmanbk77, @tsimonite, @waltmossberg, and @mlevchin
| Kurt Wagner / Bloomberg: |
Elon Musk says Apple has “fully resumed” advertising on Twitter, after claiming on November 28 that Apple had “mostly stopped” Twitter ads — Elon Musk said Apple Inc. has “fully resumed” advertising on Twitter Inc., further de-escalating a brewing war between two of the world's most influential tech companies.
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Wall Street Journal, Silicon Republic, Insider, MacRumors, 9to5Mac, iClarified, Firstpost Tech, Your Apple Update, BGR, Engadget, iPhone in Canada Blog, iMore, Pixel Envy, Reuters, International Business Times, AppleInsider, Philip Elmer‑DeWitt, FOSS Patents, CoinGape, and Livemint
Tweets: @zoeschiffer, @riddle245, @goangelo, @jamessurowiecki, and @karlbode
| Joanna Glasner / Crunchbase News: |
Autonomous trucking software company Embark lost ~98% of its market value, or ~$5B, since going public a year ago via a SPAC merger, amid a sector-wide downturn — Out of all the beaten-down public companies in the autonomous driving space, Embark Technology stands out as a conspicuously terrible stock market performer.| Christopher Byrd / New Yorker: |
A wide-ranging interview with Cory Doctorow on lessons from science fiction, Big Tech's comeuppance, surveillance capitalism, smart contracts, dApps, and more — A conversation about the “mediocre monopolists” of Big Tech, the weirdness of crypto, and the real lessons of science fiction.
Tweets: @doctorow, @lproven, @stevesilberman, @thepublicdomain, and @greatdismal
| Dan Milmo / The Guardian: |
Survey of 8,000 young people in nine European countries finds 34% have pirated content, 27% reported trolling someone, 22% reported inciting violence, and more — EU-funded survey of people aged 16-19 finds one in four have trolled someone - while UK least ‘cyberdeviant’ of nine countries
Tweets: @dannyjpalmer, @sarahchampionmp, @mattnavarra, @_markmccormack, @rmcunliffe, @katebevan, and @uel_news
| David C. Brock / CHM: |
A look at PostScript, Adobe's programming language for desktop publishing that debuted in 1984, as its source code is publicly released for the first time — The story of PostScript has many different facets. It is a story about profound changes in human literacy as well as a story of trade secrets within source code.
Tweets: @mistertechblog, @christopherslye, and @twenty3
| Financial Times: |
Sources: Winklevoss twins' Gemini crypto exchange is trying to recover $900M owed to it by Genesis Global and Genesis' parent company Digital Currency Group — New York-based Gemini is trying to recover funds after FTX failure plunged market into turmoil — Digital asset trading group Genesis …
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CoinDesk, The Block, Coinspeaker, PYMNTS.com, Cryptonews, Reuters, The Daily Bolt, Cointelegraph, Decrypt, crypto.news, Cryptopolitan, Bitcoin News, The Daily LEO, Reuters, CoinGape, and Coinmonks
Tweets: @coinbureau, @newmoneyreview, @fredwalton216, @silvermanjacob, and @mikeburgersburg
| Matt Von Hippel / Quanta Magazine: |
A look at FORM software, released in the 1980s for particle physics calculations, which is maintained almost entirely by a retiree and risks obsolescence — Maintenance of the software that's used for the hardest physics calculations rests almost entirely with a retiree.
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Slashdot. Tweets: @boredgenius, @quantamagazine, @quantamagazine, @quantamagazine, and @7homaslin
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