Sources: Sam Bankman-Fried will likely plead not guilty to fraud and other charges at a January 3 hearing; SBF returns to Twitter to deny he moved Alameda funds
FTX founder Sam Bankman-Fried is likely to plead not guilty to eight counts of fraud at a hearing next week, according to a person familiar with the matter.
The Bahamas' Securities Commission says it is holding FTX assets worth $3.5B temporarily and plans to deliver them to customers and creditors who own them
The Securities Commission of the Bahamas said on Thursday that it is holding FTX assets worth $3.5 billion based on market pricing …
FTX says it would seek the return of its digital assets held by the Bahamas, claiming the value was ~$296M when transferred on November 12 and is now ~$167M
- FTX Trading and its affiliated debtors said Friday that they would seek the return of crypto held by the Securities Commission …
Tim Wu, who helped shape Joe Biden's antitrust agenda, plans to leave his adviser role on January 4 and return to teaching antitrust law at Columbia Law School
Adviser Tim Wu, who helped to shape President Joe Biden's antitrust agenda, will leave his position Jan. 4, the White House said Friday.
After not paying rent, Twitter is reportedly closing its Seattle office, its second-largest engineering hub outside of San Francisco, and asking staff to WFH
Taylor Soper / GeekWire :
Sources detail Elon Musk's Twitter cost-cutting measures, including closing a data center, reducing training for new staff, and canceling janitorial services
Elon Musk has reduced the company to a bare-bones operation, and employees are under a “zero-based budgeting” mandate to justify any spending.
Italy's parliament approves a 26% tax on gains of €2,000+ from crypto trading per tax period and offers incentives for declaring crypto profits for tax purposes
Prime Minister Giorgia Meloni's new bill also includes an incentive for those declaring crypto for tax purposes.
Meta's dramatic implosion, Elon Musk's Twitter train wreck, and Amazon's labor uprising show that 2022 was not just a disastrous year, but a reckoning for tech
The companies that define our digital lives have hit a wall. — The dramatic, multidimensional implosion of Meta …
Crypto created a toy financial system and had a toy financial crisis; in order to work in the long run, crypto must prove its real usefulness outside of finance
On Oct. 25, Bloomberg Businessweek published “The Crypto Story,” a cover-to-cover issue of the magazine that I wrote about what crypto is and what it all might mean.
Huawei has exited “crisis mode” following US restrictions and expects ~$91.5B in 2022 revenue, unchanged from 2021, due to growing telecom infrastructure sales
Chairman says U.S. restrictions are new normal and company is back to business as usual
Google changes its appeals process for CSAM-flagged accounts; content deemed exploitative will still be removed and reported but users can plead their innocence
People who upload images of children that Google flags as potentially illegal will be able to provide more context to appeal bans. Mastodon: @ben@adida.net . Tweets: @kashhill and @kashhill Mastodon: ...
A look at the disastrous 2022 for NFT-based games, after interest from EA, Ubisoft, Zynga, Niantic, and others, as the community grew more niche and scam-filled
The NFT gaming community only grew more niche and scam-filled in 2022 — Less than 12 months ago, it felt as if 2022 … Tweets: @starl3xx , @realjonahblake , @realjonahblake , @michaelcarusi , and @mi...
Canada's Competition Tribunal approves Rogers' ~$14.77B bid to acquire Shaw, saying the deal is “not likely to prevent or lessen competition substantially”
The Tribunal is dismissing the Commissioner's application in Canada … Jonathan Lamont / MobileSyrup : Competition Tribunal decides Rogers-Shaw merger can move ahead David Reevely / The Logic : Rogers ...
Ernst & Young: US tech IPO deal proceeds plummeted 94%, from $155.8B in 2021 to $8.6B in 2022; FactSet: no tech IPO raised $1B in 2022, compared to 15 in 2021
Ari Levy / CNBC :
Report: AMD, Intel, Nvidia, and others are slashing their orders with TSMC, with the contract manufacturer's Q1 2023 sales projected to decrease by 15% QoQ
Anton Shilov / Tom's Hardware :
Predictions for 2023: competition for Meta's metaverse, Apple's AR/VR headset debut, generative AI integration into products, continuing crypto gloom, and more
with an Apple headset debut 🔮AI goes from toy to tool with it coming to more software 🔮 iPhone RE (Regulators' Edition) https://www.wsj.com/... Christopher Mims / @mims : Tech That Will Change Your Li...
Sources: the FBI is probing the leak of ~100K API keys linked to users of crypto trading service 3Commas; a victim group of ~60 members tallies losses at $20M+
Sam Kessler / CoinDesk :
Sources: founder Richard Liu berated JD.com executives for poor performance and remains the undisputed decision maker despite having quit many frontline roles
Ben Jiang / South China Morning Post :
Sources: Meta is still working on a wrist wearable device and wants to move its hardware manufacturing out of China but is struggling to find key suppliers
The company needs China's factories as it pushes to become a hardware producer — SAN FRANCISCO — For more than a year …
Amazon, Apple, and Microsoft plan to connect data centers to heating systems in Europe; Meta began in 2020 in Denmark, and Google is assessing its opportunities
Sam Schechner / Wall Street Journal :
Accounting software maker Sage threatens to turn off UK customers' single-payment licenses on security grounds, forcing them to buy costly monthly subscriptions
Ian Johnston / Financial Times :
Hangzhou-based Freetech Intelligent Systems, which makes a full autonomous vehicle software and hardware stack, raised a ~$100M Series B led by Chaos Investment
Shadine Taufik / Tech in Asia : Source: Nikkei Asia . Tweets: @vaactiveangels and @techinasia Source: Peng Suping / Nikkei Asia : Chinese self-driving startup Freetech raises nearly $100m Tweets: @va...
After a hacker demanded $200K to delete data on 400M+ Twitter accounts, Ireland's DPC plans to investigate the “security issue”; Twitter hasn't issued a comment
Chris Vallance / BBC :
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