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December 6, 2022, 1:25 PM
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| Matt Levine / Bloomberg: |
Unpacking the 2022 crypto credit crisis and its parallels with the 2008 financial crisis by analyzing Three Arrows Capital's collapse, FTX's implosion, and more — The crypto financial crisis of 2022 — Apparently the way it works is that if you blow up a big crypto firm …
More:
The Block, ZyCrypto, Bitcoinist.com, crypto.news, and CoinGape
| Financial Times: |
A spreadsheet SBF used in November claims nearly 500 alleged VC investments by Alameda, including in Circle, Genesis, Sky Mavis, Paxos, StarkWare, and Anchorage — A look inside Sam and Caroline's grab-bag of crypto, etc. — As well as running a crypto exchange that didn't exchange crypto …
More:
CoinGape. Tweets: @lawmaster, @lordnarfz0g, @katie_martin_fx, @johnedeaton1, @iamdcinvestor, @ishanb22, @forculus, @mattwalshinbos, @0xmert_, @ldrogen, @ldrogen, @tophcoins, @drnicka, @timccopeland, @george_harrap, @arthur_0x, @tree_of_alpha, @tradermercury, @whalecointalk, @gf_256, @wublockchain, @brhnkcby61, @mayazi, @adamscochran, @adamscochran, @lawmaster, @hsakatrades, @defiyst, @tier10k, @tree_of_alpha, @blockworks_, @jackfarley96, @altcoingordon, @kadhim, and @tier10k
| Joshua Oliver / Financial Times: |
Filing: US bank Silvergate confirms processing wire transfers for traders on Alameda, claiming to have conducted “extensive due diligence” on FTX and Alameda — Federal Reserve-regulated company says it performed ‘significant due diligence’ on FTX and Alameda Research
More:
NBC News, SEC.gov, The Block, CoinDesk, U.S. Senator John Kennedy, The Block, Cointelegraph, and Decrypt
Tweets: @katie_martin_fx, @eliotwb, @eliotwb, @hkanji, @jcoviedo6, @eliotwb, @wublockchain, and @mktwgoldstein
| Jon Porter / The Verge: |
Google brings continuous scrolling to desktop search in English in the US, loading six pages of results, after a similar change on mobile in October 2021 — Google's search results on desktop will load in a continuous scroll instead of dividing into pages, the company has announced.
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9to5Google, Search Engine Land, XDA Developers, TechCrunch, Thurrott, Macworld, Pocket-lint, BigTechWire, SlashGear, Engadget, Digit, Mashable, Search Engine Roundtable, SamNews 24, BGR, and MacRumors
Tweets: @google, @carnage4life, @bdsams, @thevunderkind, @moraitakis, @sub8u, and @tonyw
| Adi Robertson / The Verge: |
Meta's Oversight Board releases a report on the controversial cross-check moderation system, citing “shortcomings” and calling for “radically” more transparency — Meta's Oversight Board has released an in-depth report on Facebook and Instagram's controversial cross-check system …
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Oversight Board, The Guardian, PCMag, NPR, Wall Street Journal, TechCrunch, CNN, Ars Technica, Forbes, Financial Times, Insider, Silicon Republic, Associated Press, New York Times, Adweek, WinBuzzer, Engadget, Newser, Barron's Online, CNBC, Bloomberg, KnowTechie, The Hill, Reuters, independent, and Engadget
| Aaron Holmes / The Information: |
Sources: Microsoft recently considered building a “super app” that would combine shopping, messaging, search, news, and other services, inspired by WeChat — Microsoft recently considered building a “super app” that could combine shopping, messaging, web search …
More:
PYMNTS.com, AppleInsider, MacRumors, 9to5Mac, The Verge, and Reuters
Tweets: @martinsfp, @gregbensinger, @nihalmehta, @mhbergen, @aaronpholmes, and @shiraovide
| Financial Times: |
TSMC plans to more than triple its Arizona investment to $40B, building a fab for 3nm chips, set to open in 2026, and making 4nm chips in its fab for 5nm chips — President Biden to hail Taiwanese chipmaker's second plant as boost for US manufacturing — Taiwan Semiconductor Manufacturing Company …
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CNBC, Barron's Online, Tom's Hardware, Wall Street Journal, MarketWatch, 9to5Mac, Reuters, New York Times, AppleInsider, Arizona Republic, iMore, Total Telecom, Livemint, HPCwire, WRAL TechWire, Wall Street Journal, Bloomberg, Nikkei Asia, The Hill, VentureBeat, Phoenix Business Journal, Appuals.com, and CNET
| Tim Hardwick / MacRumors: |
Apple launches its Self Service Repair program in Belgium, France, Germany, Italy, Poland, Spain, Sweden, and the UK, the first expansion outside the US — Apple today announced it has launched its self-service repair program in Europe, extending the program beyond the United States for the first time.
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Apple, TechCrunch, Macworld, Appleosophy, The Guardian, PCMag, BBC, ZDNet, TechRadar, Wccftech, Tom's Hardware, City A.M., iPhone Hacks, iPhone in Canada Blog, The Mac Observer, Redmond Pie, AppleInsider, iDownloadBlog.com, Cult of Mac, Pocket-lint, BetaNews, Neowin, XDA Developers, The Verge, Bloomberg, WinBuzzer, T3, Patently Apple, 9to5Mac, Engadget, and iMore. Tweets: @waxeditorial
| Brad Smith / Wall Street Journal: |
Microsoft's president discusses the FTC reportedly blocking the Activision Blizzard acquisition and says the company offered Sony a 10-year Call of Duty deal — Far from harming competition, it'll allow us to compete against more powerful companies through innovation.
More:
CNBC, TechSpot, Pocket-lint, OnMSFT.com, Coinspeaker, MSPoweruser, TrueAchievements, KitGuru, FOSS Patents, Gameranx, Push Square, and Wccftech
Tweets: @bradsmi, @charlieintel, @profwrightgmu, @parismarx, @cwaunion, @logmey92, @carlquintanilla, @jongraywb, and @uniglobalunion
| Josh Eidelson / Bloomberg: |
The NLRB finds that Apple illegally interfered with union organizing in Atlanta by interrogating workers and making them attend daily anti-union meetings — US labor board prosecutors have determined that Apple Inc. violated federal law by interrogating and coercing employees in Atlanta …
More:
TechCrunch, Macworld, 9to5Mac, Philip Elmer‑DeWitt, and Engadget
Tweets: @apple_union, @code_cwa, and @flaggedfordepot
| Rachael Levy / Reuters: |
Sources: the US Department of Agriculture is investigating Neuralink for potential animal welfare violations after staff complaints over rushed animal testing — Elon Musk's Neuralink, a medical device company, is under federal investigation for potential animal-welfare violations amid …
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TheStreet, MarketWatch, Gizmodo, Insider, The Hill, The Verge, The Information, Fortune, Newser, Forbes, CoinGape, Sky News, Daily Mail, Digit, The Daily Beast, Watcher Guru, and Mashable
Tweets: @rachael_levy, @marionawfal, @thephilosotroll, @green_footballs, @realspikecohen, @paraschopra, @avi_bueno, @ct_bergstrom, @robertskvarla, @mattbinder, @bradheath, @ct_bergstrom, @rachael_levy, @rafaelshimunov, @wallstreetbets, @rafaelshimunov, @unusual_whales, @reuters, @mattbc, @parismarx, @avi_bueno, @shalingala, @politicussarah, @jasonleopold, @avi_bueno, and @rafaelshimunov
| Reuters: |
Goldman Sachs plans to spend tens of millions of dollars to buy or invest in crypto companies after FTX's collapse hit valuations and dampened investor interest — Goldman Sachs (GS.N) plans to spend tens of millions of dollars to buy or invest in crypto companies after the collapse …
More:
Finextra, CoinDesk, MEXC Global Blog, NewsBTC, CoinGape, Coinspeaker, crypto.news, PYMNTS.com, CryptoPotato, and Cointelegraph
Tweets: @epro, @thousandbtc, @pastore1314, and @0x_malcolm
| Sam Schechner / Wall Street Journal: |
Sources: EU privacy regulators rule that Meta's TOS should not require that users agree to personalized ads based on their online activity; Meta can appeal — EU privacy regulators say Facebook and Instagram shouldn't use their terms of service to require users to accept ads based on their digital activity
More:
noyb.eu, The Information, Engadget, TechCrunch, Reuters, Reuters, Brookings, and edpb.europa.eu
| Jon Swartz / MarketWatch: |
Meta threatens to consider removing news from its apps if Congress passes Senator Klobuchar's “ill-considered” Journalism Competition and Preservation Act — Bill would allow news organizations to band together to negotiate for a larger share of online advertising revenue| Sam Kessler / CoinDesk: |
After criticism from users, ConsenSys revises MetaMask's data collection practices, including stopping logging IP addresses directly alongside transaction data — ConsenSys clarified its data sharing practices and said it will rebuild MetaMaks' settings page to address user concerns.
More:
ConsenSys, The Block, Blockworks, Decrypt, Fortune, Cointelegraph, and CoinGape
Tweets: @metamask, @consensys, @metamask, @metamask, @metamask, @wublockchain, @consensys, and @infura_io
| Sam Altman / @sama: |
OpenAI CEO Sam Altman says ChatGPT crossed 1M users in five days and the company will monetize the tool eventually as the compute costs are “eye-watering” — ChatGPT launched on wednesday. today it crossed 1 million users!
More:
BleepingComputer, Washington Post, MobileSyrup, Rozado's Visual Analytics, Platformer, MIT Technology Review, Metaverse Post, Tech in Asia, Silicon Republic, Hello Universe, and TechCircle
Tweets: @sama, @sama, @michaelmartocci, @mhiggins, @sama, @michlbrmly, @anothercohen, @elonmusk, @razibkhan, @kyleofthecorn, and @barret_zoph
| Steven Levy / Wired: |
A look at Tony Fadell's new Ledger Stax crypto hardware wallet with an E Ink touchscreen, manufactured by Foxconn for Ledger and debuting on December 6 for $279 — The product guru made Ledger's new hardware wallet—a tiny vault for digital cash—flashy and fun. Plus, with this gadget you'll never get FTX'd.
More:
CoinDesk, Reuters, TechCrunch, Ledger, The Block, Ethereum World News, Fortune, Cointelegraph, CNBC, Bitcoin Magazine, and CoinGape
Tweets: @tfadell, @ledger, @ledger, @ledger, and @stevenlevy
| John Seabrook / New Yorker: |
How a young generation of musicians use TikTok, amassing huge followings but making little money, while some older musicians remain opposed to the platform — The social-media platform is transforming the music industry. Is that a good thing? … In December, 2020, after spending nine months …
Tweets: @flomachinenews, @danishacarter4, and @newyorker
| Financial Times: |
Sources: the UK Treasury finalizes expanded crypto regulation plans, including letting the FCA restrict how companies run and advertise, after FTX's implosion — Implosion of FTX injects fresh urgency into government's pledge to impose order — The Treasury is finalising plans for a package …
More:
CoinDesk, Bitcoinist.com, The Block, Cointelegraph, ExchangeWire.com, crypto.news, Bloomberg, Coinspeaker, and Watcher Guru
Tweets: @smdiehl, @matthewstoller, @martincloake, @davidheniguk, @mc_of_a, and @thestalwart
| Sergiu Gatlan / BleepingComputer: |
Rackspace confirms a ransomware attack caused an ongoing outage to its hosted Microsoft Exchange services, but its other products are fully operational — Texas-based cloud computing provider Rackspace has confirmed today that a ransomware attack is behind its ongoing Hosted Exchange outage.| Mary Ann Azevedo / TechCrunch: |
Robinhood opens a waitlist for Robinhood Retirement, claiming zero minimums and the “first and only” IRA with a 1% match on every eligible dollar contributed — Fintech says its will offer a 1% match on every eligible dollar contributed to its IRAs — Retail trading app Robinhood is entering the retirement game.
More:
Associated Press, Fortune, Under the Hood, FinSMEs, and Crowdfund Insider
| Pranav Dixit / BuzzFeed News: |
Some laid-off tech workers on H-1B visas from Meta, Shopify, Twitter, and other tech companies say their employers did not provide adequate immigration support — Some former tech employees on work visas in the US are experiencing an existential crisis: “Is it worth staying here for a job and country that doesn't care about you?”| Wall Street Journal: |
Sources: the US-TikTok national security deal faces further delays as US officials fret over the app's risks; both sides agree Oracle will host TikTok's US data — Officials and executives had hoped for year-end deal to address national-security concerns over social-media platform
More:
National Review, Associated Press, The Hill, Journal Sentinel, and Android Headlines
Tweets: @stuwoo and @drewharwell
| Rakteem Katakey / Bloomberg: |
NRG Energy agrees to buy Utah-based Vivint, which sells smart thermostats, locks, lights, and more, for $2.8B in cash, a ~33% premium on Monday's closing price — NRG Energy Inc. agreed to buy Vivint Smart Home Inc. for $2.8 billion to accelerate the US power producer's strategy of diversifying …
More:
Wall Street Journal, Reuters, Business Wire, and Barron's Online
| Manish Singh / TechCrunch: |
Telegram CEO Pavel Durov says Telegram Premium passed 1M subscribers since its June 2022 launch; the monthly subscription costs $5 in the US and £5 in the UK — Telegram Premium has amassed over 1 million subscribers, less than six months after the popular instant messaging app launched … Sponsor Posts
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Tweets: @tomwarren and @mattnavarra