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January 27, 2023, 10:05 AM
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Top News

Chainalysis:
A look at crypto money laundering in 2022: illicit addresses sent nearly $23.8B, up 68% YoY, four addresses got $1B+ combined, DeFi got record funds, and more  —  The 2023 Crypto Crime Report  —  Money laundering is crucial to all financially motivated crime because it's what enables criminals …
Finbarr Flynn / Bloomberg:
After losing billions on mobile bets, Japanese e-commerce giant Rakuten raised ~$1.9B for its mobile business and plans to sell its banking and securities units  —  Japanese e-commerce giant Rakuten Group Inc. sold 250 billion yen ($1.9 billion) of bonds on Friday, giving the company …
Dan Milmo / The Guardian:
Twitter co-founder Biz Stone says Elon Musk “doesn't seem like” the right owner for Twitter and claims morale and content improvements have been lost under Musk  —  Biz Stone, one of quartet who set up company, says positive changes he oversaw have been undone by Tesla chief executive
Bloomberg:
Sources describe how Twitter Trust and Safety VP Ella Irwin has become the chief executor of Elon Musk's whims, even when they go against established protocols  —  On a day hundreds of Twitter Inc. employees were debating whether to resign, Ella Irwin showed up with a pep talk.
Carly Page / TechCrunch:
The FBI, US DOJ, Secret Service, Europol, and others seize ransomware gang Hive's site and decryption keys; the FBI had access to Hive's network since July 2022  —  The infrastructure behind Hive, one of the most prolific ransomware operations, has been seized by law enforcement agencies in the United States and Europe.
Chavi Mehta / Reuters:
Intel reports Q4 revenue down 32% YoY to $14B, vs. $14.46B est., Data Center and AI down 33% YoY, and Q1 2023 revenue guidance below estimates; stock drops 9%+  —  Chipmaker Intel Corp (INTC.O) forecast first-quarter revenue below Wall Street targets on Thursday, slammed by a worsening PC market …
Alexandra Bruell / Wall Street Journal:
Memo: BuzzFeed plans to rely on OpenAI to enhance its quizzes and personalize its content while humans offer ideas, “cultural currency”, and “inspired prompts”  —  CEO Jonah Peretti intends for artificial intelligence to play a larger role in the company this year
Wall Street Journal:
Documents and sources: Meta sees a path to recovery with AI-enhanced ad systems that are less dependent on user data, rising Reels viewership, and more  —  After the roughest year in its history, Meta is starting to bounce back.  Users are watching its short-form videos …
More: Social Navigator.  Thanks:@sal19

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From Mediagazer

Lucas Shaw / Bloomberg:
The music industry is entering a cycle of consolidation, driven by a slowdown at the major labels, the growing market for independents, and the rapacity of PE

Max Tani / Semafor:
Sources: CNN is considering making network anchor Kaitlan Collins its chief White House correspondent and relocating her show from New York to DC

Manuel Roig-Franzia / Washington Post:
An interview with Alsu Kurmasheva of RFE/RL, a seasoned editor and broadcaster who spent months in a Russian prison before being released in a prisoner swap

More News

Michael Bodley / Blockworks:
Sources: Amazon plans to launch an NFT initiative in April 2023, and has looked at layer-1 blockchains, blockchain-based gaming, and digital asset exchanges

Earlier Picks

The Block:
A 116-page bankruptcy document lists FTX's creditors, including AWS, Apple, Meta, LinkedIn, Netflix, Binance, the WSJ, and the Prime Minister of the Bahamas
Wall Street Journal:
Sources: Stripe co-founders Patrick and John Collison told staff their goal is to go public or let employees sell shares in private markets within the next year
Charlie Warzel / The Atlantic:
Donald Trump and Facebook have both decayed since his ban, and despite his unpredictability and tech's recent wild swings, his reinstatement may not matter much
Wall Street Journal:
New York AG Letitia James asks Madison Square Garden Entertainment for information on its alleged facial recognition use to deny access to some ticket holders
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