Binance’s CEO isn’t sweating the FTX implosion
The crypto market is trying to pick up the pieces after it was thrown into massive disarray last week when the previously third-largest crypto exchange, FTX, imploded and filed for bankruptcy. “It’s obvious that people are jittery, interested and somewhat nervous about what’s happening in the industry,” Changpeng ‘CZ’ Zhao, CEO of the largest crypto … Read more
Former Huobi-linked entity says it has $18.1 million stuck on FTX
Lin Li, the company’s founder, has agreed to lend up to $14 million to New Huo Technology to bail out affected clients.
Yuga Labs Acquires Beeple’s WENEW and its Flagship NFT Collection, 10KTF
The parent company behind Bored Ape Yacht Club adds to its growing portfolio of popular non-fungible (NFT) projects.
Turkish Law Enforcement Investigating FTX’s Local Arm Following Wipeout
Turkey’s Financial Crimes Investigation Agency said it is looking into people, institutions, banks and crypto service providers with ties to FTX.com after its swift collapse last week.
Arbitrum sees steady growth as airdrop speculation leads to increased earnings
Arbitrum earnings are soaring as daily active users flood the layer-2 platform with the hope of an eventual airdrop.
Kevin O’Leary Says Comments From Gensler Killed His Attempts to Help Save FTX
The prolific entrepreneur discusses his last conversation with Sam Bankman-Fried the day before FTX went bankrupt and why its collapse isn’t the end for crypto.
SoftBank writes down nearly $100 million investment in FTX
As more details emerge regarding the events that led to FTX’s bankruptcy and stunning collapse, the cryptocurrency exchange’s investors are also being scrutinized. Namely, many people are asking just how could so many high-profile investment firms pour a collective $2 billion with apparently so little due diligence. The notorious Japanese investment conglomerate SoftBank, for example, … Read more
Manhattan District Attorney’s Office probes FTX collapse: Report
A source with knowledge of the investigations reportedly said New York authorities were looking into the collapse of FTX following the firm declaring bankruptcy on Nov. 11.
FTX’s balance sheet was bad
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Disney+ has a new adorable short film for ‘The Mandalorian’ and ‘Spirited Away’ fans
Disney+’s adorable new short film, “Zen – Grogu and Dust Bunnies,” premiered on Saturday, November 12. From Lucasfilm and Japanese animation house Studio Ghibli, the hand-drawn short film will excite many fans as it features Grogu–a.k.a Baby Yoda or The Child–from the “Star Wars” series “The Mandalorian” and the coal dust bunnies from “Spirited Away.” … Read more
Movie Maker mode in Godot 4.0
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The startup and venture markets are coming back to square one
What goes up must come down” is a cliche that is also a bastardization of Newton’s third law. It’s also a good reminder that when it looks like the business market has changed fundamentally, we’re often really just seeing a temporary aberration. This idiom rings true when we consider the cycle of tech valuations (up … Read more
Crypto Fund Inflows Surged Last Week as Investors Bought on FTX-Induced Dip
The largest inflows in 14 weeks, at $42 million, coincided with the crypto market’s sharp downturn, triggered by the swift collapse of once-billionaire Sam Bankman-Fried’s business empire.
Bitcoin Miner Bitfarms Pays Down $27M of Debt
The miner is trying to improve its liquidity during the crypto bear market.
Apple faces new lawsuit over its data collection practices in first-party apps, like the App Store
A new lawsuit is taking on Apple’s data collection practices in the wake of a recent report by independent researchers who found Apple was continuing to track consumers in its mobile apps, even when they had explicitly configured their iPhone privacy settings to turn tracking off. In a proposed class action lawsuit, plaintiff Elliot Libman … Read more
The desk-friendly 42-inch LG C2 OLED is cheaper than ever
The LG C2 has many of the same features as the C1 but is much lighter. | Image: LG Our first deal of the week is a good one. You can get a $400 discount on the 42-inch LG C2 OLED TV, which is currently discounted to $899.99 at Best Buy — its lowest price … Read more
Amazon mass layoffs will reportedly ax 10,000 people this week
Illustration by Alex Castro / The Verge Amazon could lay off as many as 10,000 employees this week, according to a new report from The New York Times. The move would follow wide-reaching firings at Twitter and Meta; last week, the latter announced it would lay off 11,000 employees. Amazon’s cuts are likely to focus … Read more
The Key to Taxing Digital Assets Is Finding the Right Cubbyhole
The government may write special rules regarding the treatment of the new asset within the cubbyhole, but there will be an existing tax bucket for every new idea, says KPMG’s Tony Tuths.
A simple Android lock screen bypass bug landed a researcher $70,000
Google has paid out $70,000 to a security researcher for privately reporting an “accidental” security bug that allowed anyone to unlock Google Pixel phones without knowing its passcode. The lock screen bypass bug, tracked as CVE-2022-20465, is described as a local escalation of privilege bug because it allows someone, with the device in their hand, … Read more
Turbulence for blockchain industry despite strong Bitcoin fundamentals: Report
It’s Downtober for crypto as venture capital drops 48.6%, security token volume is down 24.8%, and Core Scientific and Argo Blockchain face financial difficulties.
Binance, Crypto.com execs tell investors to ‘ask me anything’ following the fall of FTX
Nick Barclay / The Verge Both Binance and Crypto.com hosted live question-and-answer sessions on Monday morning in an attempt to reassure investors that the cryptocurrency exchanges won’t meet the same fate as FTX, which suffered a sudden and catastrophic collapse last week. Thanks to the 40,000+ people for listening in. Will try to do this … Read more
Google’s Health Connect app is now available in beta
Google announced today that its Health Connect app is now available in beta on the Play Store. Health Connect is designed to centralize access to health and fitness data from various eligible apps. Today, more than 10 health and fitness apps are launching integrations with Health Connect, including MyFitnessPal, Oura and Peloton. The app syncs … Read more