Binance CEO Changpeng Zhao says the company signed a non-binding letter of intent to acquire FTX.com and help cover its liquidity crunch, pending due diligence
This afternoon, FTX asked for our help. There is a significant liquidity crunch. To protect users, we signed a non-binding LOI, intending to fully acquire FTX.com and help cover the liquidity crunch. ...
Mark Zuckerberg says Meta plans to lay off 13% of its staff, or 11,000+ employees, and will cut discretionary spending and extend its hiring freeze through Q1
Mark Zuckerberg just shared the following with Meta employees: — Today I'm sharing some of the most difficult changes we've made in Meta's history.
Major coins are plummeting: Solana crashes 40%+ to under $17, bitcoin drops 10%+ to ~$17,000, its lowest since November 2020, and ether drops 20%+ to ~$1,150
FTX token plunges as Binance steps in to buy the crypto exchange's non-U.S. unit: CNBC Crypto World
Memo: Binance CEO Changpeng Zhao says FTX's near collapse “severely” shook confidence in the crypto industry, offers some deal details, and halts FTT sales
Changpeng Zhao tells employees that the bailout of its chief rival is ‘not a win’ — The near collapse of FTX has …
Twitter plans to label select accounts “Official” when the new Blue launches; not all previously verified accounts will get the label, which won't be for sale
Twitter is rolling out another type of check mark to help distinguish accounts that users actually need to know are real.
Source: after looking at FTX's data and loan commitments, Binance is highly likely to scrap its acquisition; FTX was turned down by Coinbase, OKX, and others
Backing out would be one more stunning development in the collapse of Sam Bankman-Fried's crypto empire.
In the wake of FTX's dramatic fall, Binance, Gate.io, KuCoin, Poloniex, Bitget, Huobi, and OKX pledge to release their Merkle tree reserve certificates
Over seven crypto exchanges will publish proof of their reserve holdings in the next month. — Crypto exchanges are now scrambling …
Sam Bankman-Fried's estimated $15.6B fortune has been eviscerated in days by the demise of FTX and Alameda, dropping to ~$1B, the largest one-day collapse ever
Just weeks ago, Sam Bankman-Fried was considered crypto's version of John Pierpont Morgan, willing to throw around his massive fortune to save the industry.
Apple is working on a Custom Accessibility Mode for iOS 16.2 beta 2, codenamed Clarity, helping make the iPhone's and the iPad's UI more user-friendly
Apple on Tuesday released iOS 16.2 beta 2 to developers as the company gets ready to make the update available to the public in December.
Research suggests Apple collects data about iPhone usage even when the iPhone Analytics setting to “disable the sharing of Device Analytics altogether” is off
For all of Apple's talk about how private your iPhone is, the company vacuums up a lot of data about you. iPhones …
After rolling out Twitter's “Official” label to select high-profile accounts, Elon Musk says he “killed it” in a reply to YouTuber MKBHD
Update: Well, that was fast. The grey checks have begun to disappear following a tweet from Twitter CEO Elon Musk implying …
How Binance exacerbated a bank run on FTX before offering to acquire the company, and why the potential deal represents a meteoric fall for Sam Bankman-Fried
Filings: after taking over Twitter, Elon Musk sold 19.5M Tesla shares, worth almost $4B, between November 4-8; Musk retains a roughly 14% stake in Tesla
The sale of 19.5 million shares this month in the electric-vehicle maker follows sales in April and August
Sources: TSMC plans to announce a second chipmaking factory north of Phoenix, Arizona, in the coming months, investing roughly $12B and aiming to make 3nm chips
New facility would produce cutting edge 3-nanometer semiconductors — Taiwan Semiconductor Manufacturing Co. …
Sources: the SEC and CFTC are investigating FTX.com over handling customer funds and its relationship with other parts of Sam Bankman-Fried's empire
US financial regulators are investigating whether beleaguered crypto-exchange FTX.com properly handled customer funds … Tweets: @autismcapital , @hunterwalk , @johnedeaton1 , @clemenchiang , @clemench...
IBM announces its Osprey quantum processor with 433 qubits, up from 127 qubits in the 2021 Eagle processor, and plans to hit 4,000 qubits by 2025
IBM wants to scale up its quantum computers to over 4,000 qubits by 2025 — but we're not quite there yet. For now, we have to make do with …
Hours after announcing an emergency deal with Binance, FTX CEO Sam Bankman-Fried deletes a Twitter thread saying the exchange and assets were “fine”
Intel announces a new Xeon CPU family and updated data center GPUs, both part of the Max Series lineup, set to arrive in early 2023
x86 giant goes all-in with high-bandwidth memory — Intel's latest plan to ward off rivals from high-performance computing workloads involves a CPU …
Nintendo announces Nintendo Systems, a joint venture with DeNA, which co-developed Nintendo games for mobile like Super Mario Run, set to open in April 2023
New subsidiary will open in April 2023, focusing on research and development to improve Nintendo's digital business — At a glance
Q&A with the lawyers “challenging the legality of GitHub Copilot” through a proposed class action suit, which could have a huge impact on generative AI models
Microsoft, its subsidiary GitHub, and its business partner OpenAI have been targeted in a proposed class action lawsuit alleging …
Questions about FTX's “liquidity crunch” and Binance's offer to buy the smaller exchange, likely for a fraction of its valuation of tens of billions of dollars
YouTube says Music and Premium together have 80M+ paying subscribers, up from 50M in September 2021, and payments to creators and others reached $50B since 2019
It's a dramatic leap, especially for a platform where so much can be had for free, and would seem to place YouTube …
Coinbase's stock closed down 10.78% and Robinhood Markets closed down 19.04% as the Binance-FTX deal spotlights the challenges facing the crypto industry
Google rolls out its Google One VPN to Windows and macOS in 22 countries; the service is available to Premium subscribers with 2TB+ storage
Google is bringing its VPN access to desktop today. Google One subscribers on Premium plans (2TB or higher) can now download VPN apps for Windows and macOS …
Sources: TikTok cut its 2022 revenue target from $12B-$14.5B to ~$10B in September, as some staff complain of overspending on salaries, social events, and more
Fast-growing social platform cuts ambitious goals by 20% as some staff complain of lavish spending
Disney hit 235.7M global streaming subscribers in its Q4, above Netflix's 223.1M in its Q3; Disney+ had 164.2M subscribers, Hulu had 47.2M, and ESPN+ had 24.3M
Disney reported results for the final quarter of its 2022 fiscal year today, revealing a total of 164.2 million Disney+ global subscribers …
An interview with CEO Dylan Field on scaling Figma, selling the company to Adobe, retaining autonomy, WebGL, making VR Figma for the metaverse, AGI, and more
We also talk about AI and VR — but we know why you're here. … Dylan Field is the co-founder and CEO of Figma …
Roblox reports Q3 revenue up 2% YoY to $517.7M, bookings up 10% YoY to $701.7M, and DAUs up 24% YoY to 58.8M; stock drops 15%+ on a larger-than-expected loss
- Shares of Roblox fell more than 17% in premarket trading Wednesday after the company reported a third-quarter loss but beat analyst estimates for revenue.
Microsoft releases 68 security fixes, including patches for six actively exploited Windows zero-day flaws and 11 vulnerabilities classified as Critical
Lawrence Abrams / BleepingComputer :
Sources: EU antitrust regulators are preparing to send Meta a “statement of objections” over possibly leveraging its social network to boost Marketplace
EU antitrust enforcers are preparing to send Facebook a list of charges over the U.S. firm's anti-competitive abuses …
Hyderabad-based Keka, which helps automate payroll, recruiting, and more, raised a $57M Series A from WestBridge Capital
Kul Bhushan / Entrackr :
The European Commission opens an in-depth investigation into Microsoft's proposed $69B Activision Blizzard acquisition and sets a March 23 decision deadline
Australia's top health insurer Medibank confirms a ransomware group began posting stolen data of its 9.7M current and former customers on a REvil dark web forum
Sydney Morning Herald :
Nansen: over the past 24 hours, around $1B in ether, $950M in USDC, $400M in tether, and $195M in BUSD have been withdrawn from exchanges
Blockchain intelligence startup TRM Labs raised a $70M Series B extension led by Thoma Bravo, bringing the round to $130M
Brandy Betz / CoinDesk :
Crypto payments startup Ramp raised a $70M Series B co-led by Mudabala Capital and Korelya Capital at an estimated $450M+ valuation
Ramp enables clients like crypto wallets, exchanges … Balderton Capital : Ramp closes $70m Series B fundraise
The US Treasury's Office of Foreign Assets Control adds a designation to Tornado Cash that ties the crypto mixer to North Korea's nuclear weapons program
Kollen Post / The Block :
Glow, which aims to automate the insurance process for SMEs, has raised a $22.5M Series A led by Cota Capital
JD Alois / Crowdfund Insider :
The SEC wins its lawsuit arguing that decentralized publishing platform LBRY's token is subject to regulatory oversight, in a blow to crypto token issuance
no promises, no contracts—but premines tokens, that alone creates a sufficient expectation of profits from their efforts in common enterprise to pass the Howey test very bad result https://twitter.com...
Zoom releases Mail and Calendar clients in beta as part of its Zoom One interface, announces an AI-powered Zoom Virtual Agent chatbot coming in 2023, and more
As China encourages digital yuan adoption among its citizens, experts say the digital currency opens up new forms of government surveillance and social control
Jennifer Conrad / Wired :
A profile of a16z's Sriram Krishnan, a former Twitter executive who left in 2021 and is helping Elon Musk run Twitter, reportedly as part of his “inner circle”
Zoya Mateen / BBC :
In a message to staff, FTX CEO Sam Bankman-Fried says withdrawals on FTX.com are “effectively paused” after FTX saw ~$6B of net withdrawals in 72 hours
Crypto exchange FTX saw around $6 billion of withdrawals in the 72 hours before Tuesday morning, according to a message …More:Blockworks,The Block,Tech in Asia,Bitcoinist.com, andTheStreetTweets:@arth...
Paris-based Mytraffic, whose location analytics tech uses vehicle traffic as a proxy for footfall, raised a €30M Series B, bringing its total funding to €45M
Callum Cyrus / Tech.eu :
France-based Agriconomie, an e-commerce agricultural supply store for European farmers, raised a €60M Series B led by Treïs Group, Aliment Capital, and Temasek
Keerthi Vedantam / Crunchbase News :
Ethereum co-founder Anthony Di Iorio launches Andiami to promote blockchain decentralization via plug-and-play servers called Cubes that can store 12TB of data
Jeff John Roberts / Fortune : Thanks: @jeffjohnroberts
A look at data brokers selling “comprehensive” profiles of potential voters to campaigns, including phone geolocation data gleaned from real-time auctions
Jon Keegan / The Markup : See also Mediagazer
NYC-based Laika, which offers companies an automated security compliance service, raised a $50M Series C led by Fin Capital, bringing its total funding to $98M
Ingrid Lunden / TechCrunch :
Sources: UMG, Sony, and Warner have been negotiating with ByteDance for a share of TikTok ad revenue and increased royalties before their contracts expire
Bloomberg : See also Mediagazer
Shopify's new AI commerce stack
Their VP of Product digs into just-launched products to help entrepreneurs and developers build with the latest AI.
Email fatigue is real: Here's how smart email tools help you regain control
Picture this: It's Monday morning. You walk into the office feeling energized and ready to take on the week.
Protecting your Cloud Applications Data
Backing up Office 365, Google Workspace, Dropbox & Box data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.