Phoenix Dev Blog – Streams
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Month: March 2023
Uh oh! The crypto collapse has reached the real financial system
Liquidity trouble? | Illustration by William Joel / The Verge Silvergate, one of the most important banks in crypto, is in big trouble. Maybe existential trouble. Silvergate didn’t start in crypto. It started in real estate. But in January 2014, the bank jumped into Bitcoin, a volatile year — Bitcoin started the year at $770 … Read more
Bankman-Fried Should Have Only Flip Phone, Website Whitelist, DOJ Says
Sam Bankman-Fried’s bail conditions should restrict his use of the internet, including the use of a non-internet connected flip phone, an attorney to the U.S. Department of Justice has proposed in court filings made late Friday.
Labor board decision could force Google to negotiate with YouTube contractors
Illustration by Alex Castro / The Verge The National Labor Relations Board has ruled that Alphabet, Google’s parent company, should be considered a joint employer for a group of YouTube Music contractors. The workers are currently attempting to organize with the Alphabet Worker’s Union, and the NLRB’s decision could mean that the tech giant has … Read more
Silvergate Closes SEN Platform Institutions Used to Move Money to Crypto Exchanges
Silvergate Bank announced Friday it was suspending its “Silvergate Exchange Network” (SEN) “effective immediately.”
Apple’s business-oriented ‘Mac notebook upgrade program’ has been discontinued
Image: @MaxWinebach Apple partnered with a bank in 2021 to let small businesses lease new M1 Macs for as low as $30 per month, with easy options to upgrade if and when more powerful devices are released. Now that’s no longer being offered, and businesses that had signed up will now have to sign up … Read more
Continuous growth is cancer
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AI teaches itself to use an API
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Architecting Asynchronous Schedulers
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SEC Official Says Binance US Is Operating ‘Unregistered Securities Exchange’
A U.S. Securities and Exchange official said agency staff believe Binance US is operating an unregistered securities exchange in the U.S.
Beware of Book Blurbs
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Amazon Buys One Medical
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The Rise and Fall of Silvergate’s Crypto Business
Silvergate Bank lost more than $8 billion in deposits from its crypto customers in the final months of 2022 as its core block of business crumbled under the industry’s implosion – just as the bank’s regulators had predicted might happen for such institutions.
Cool URIs Don't Change (1998)
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