Online Investing Platform BnkToTheFuture Drops Plan to Acquire Crypto Lender Salt Lending Due to FTX Exposure
The deal fell apart just about two months after it was announced.
Walter Hamada is joining Paramount Pictures following his Warner Bros. Discovery exit
Photo by Kevin Winter/Getty Images Following his recent departure from the studio formerly known as DC Films, Walter Hamada is heading over to Paramount Pictures to head up the studio’s upcoming horror projects. Paramount Pictures announced today that it’s entered an exclusive multiyear deal with Hamada that will see him heading up all of its … Read more
Meaning of FTX Fall Depends on One’s Politics, US Senate Hearing Shows
The fallout of the FTX collapse has left U.S. lawmakers spinning two distinct narratives: Democrats hail their financial regulators as heroes whose caution saved the disaster from threatening the wider financial system, and Republicans argue it proves resistant agencies chased crypto firms away from the U.S. and into dangerous, unregulated territory.
Ring launches pilot program to let local agencies share updates and ‘safety information’
Ring today announced that local government agencies will be able to have an official presence on the company’s Neighbors app. Beginning with the City of North Port and Pinellas County Government in Florida and the City of Fulton in New York, the new program will allow government organizations to provide safety information through Neighbors, the … Read more
FDIC acting chair says no crypto firms or tokens are backed by agency
Martin Gruenberg answered affirmatively to Senator Bob Menendez that there were “no cryptocurrency firms backed by the FDIC” and its coverage did not include crypto “of any kind.”
Elon Musk is firing Twitter employees even when they criticize him in private
Illustration by Kristen Radtke / The Verge; Getty Images After purging half of Twitter’s staff with a snap of his fingers and firing as many as 5,500 additional contract employees without so much as a goodbye, “free speech” maximalist Elon Musk is now additionally getting rid of anyone who dares criticize him, both on Twitter … Read more
The Twilight of Nietzsche
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Thousands petition for congressional investigation of alleged Gensler–SBF links
Ripple defense lawyer John Deaton’s CryptoLaw website has a petition app, and readers are urging Congress to look into a suspicious meeting and other supposedly questionable links.
Celsius is Owed $12M by Alameda Research, Newest Member of Bankrupt Crypto Club
The bankrupt crypto lender’s new CEO told the judge Celsius Mining has approximately 40,000 mining rigs.
Global venture funding plateaued in October, with valuations likely to blame
After a particularly slow summer, the mood in venture capital seemed to change with the season come Labor Day. By the end of September, it felt that maybe the worst had already come in terms of this year’s falling venture funding numbers. Investment volume had stopped declining and was starting to make up ground. Investors … Read more
Unit’s banking-as-a-service platform is getting into the charge card game
If the banking-as-a-service fintech Unit does its job right, it will be ubiquitous among businesses and simultaneously have a name unknown to the end user. The company gives companies a way to embed financial services into their product — and after already launching debit cards, Unit is officially breaking into the charge card game. Unit … Read more
Apple’s latest iOS beta gives you more control over the iPhone’s always-on display
The current version of the iPhone 14 Pro’s always-on display can be a bit… distracting. | Image: Apple iPhone 14 Pro and Pro Max owners could be getting more control over their phone’s always-on display. The latest developer beta for the upcoming iOS 16.2 includes toggles that let you hide the wallpaper and notifications while … Read more
SEC pushes deadline to decide on ARK 21Shares spot Bitcoin ETF to January 2023
“The Commission finds that it is appropriate to designate a longer period within which to issue an order approving or disapproving the proposed rule change,” said the SEC.
What’s the Matter With Delaware? How Joe Biden’s Home State Became a Global Tax Avoidance Hub
Delaware is helping companies cheat the other 49 states of tax revenues – and that’s just the tip of the iceberg.
All companies are fucked up
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YouTube is bringing shopping features to Shorts as it chases TikTok
Illustration by Alex Castro / The Verge New shopping features are coming to YouTube Shorts, including affiliate marketing and the ability to purchase items through Shorts, as first reported by the Financial Times (via TechCrunch). The long-form video giant is testing shopping features with US-based creators and audiences in the US, India, Brazil, Canada, and … Read more
1inch seeks to optimize gas costs with its new v5 router
The new router features a number of updates, including an improved smart contract error processing system.
Tokens of Alameda-Backed DeFi Projects Maps.me and Oxygen Locked Up at FTX
Alameda led funding rounds into both companies earlier this year.
ConsenSys Economist Still Has Hope for Crypto After FTX’s Fall
Lex Sokolin, head economist of the decentralized protocol platform, discusses why crypto’s future shouldn’t be married to FTX’s collapse.
How DeviantArt is navigating the AI art minefield
A DreamUp generation for “a man in a 1950s business suit defusing a bomb at a table in the style of Norman Rockwell.” | Image: DreamUp Artificial intelligence is learning to make art, and nobody has quite figured out how to handle it — including DeviantArt, one of the best-known homes for artists on the … Read more
LF Europe’s Project Sylva wants to create an open source telco cloud stack
The Linux Foundation Europe (LF Europe) — the recently launched European offshoot of the open source Linux Foundation — today announced the launch of Project Sylva, which aims to create an open source telco cloud framework for European telcos and vendors. This is the first project hosted by LF Europe and is a good example … Read more
Crypto’s Political Cash Backs Winners, But New Lawmakers Will Arrive Under FTX Cloud
All 19 of the congressional candidates backed by the crypto industry’s most widely supported political action committee, GMI PAC Inc., won their races last week, sending 16 new members to the House and Senate. But that positive performance is also at least somewhat eclipsed by the ongoing FTX meltdown.
Microsoft’s Xbox streaming console ‘Keystone’ was pushed back because of its price
Illustration by Alex Castro / The Verge Microsoft Gaming CEO Phil Spencer has revealed why the company delayed its plans to introduce an Xbox streaming console, speaking to Verge editor-in-chief Nilay Patel on The Verge’s Decoder podcast this week. “It was more expensive than we wanted it to be when we actually built it out … Read more