Novelist as a Vocation
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BitDAO Community Asks Alameda for Proof of Funds After BIT’s Sudden 20% Drop, Threatens to Dump FTT
The BitDAO community has threatened to sell FTT tokens if Alameda fails to provide evidence that it continues to hold FTT tokens as promised. Alameda has promised to provide the evidence soon.
‘Do not delay’ — ASIC warns Aussies to look for 10 signs of a crypto scam
The list comes out as part of Australia’s 2022 Scams Awareness Week.
Maps and Memory Leaks in Go
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Rivals steadfast even as two Aussie crypto ETF providers bail
The last week has seen two digital asset ETF providers announce their planned exit from the market amid regulator scrutiny and the prolonged crypto winter.
Bitcoin, Ether Slide as Protective Puts Draw Demand Amid Sell-Off in FTX’s Token
Options market tied to bitcoin and ether shows renewed bias for puts, perhaps a sign of investor fears that the FTX-Alameda drama may bring another market-wide crash.
Nifty News: Royalty-enforcing NFTs a ‘new asset class,’ South Korea buys NFTs with CBDC, and more
The CEO of NFT marketplace Magic Eden said NFT creators “need a sustained revenue model” and with “no way” of currently enforcing royalties a “new asset class” could emerge to enforce them.
Countries ignoring crypto AML rules risk placement on FATF’s ‘grey list’ — Report
Reports suggest the Financial Action Task Force will conduct annual checks to ensure countries are enforcing anti-money laundering rules for crypto providers.
Nvidia touts a slower chip for China to avoid US ban
Two months after the U.S. choke off China’s access to two of Nvidia’s high-end microchips, the American semiconductor design giant unveiled a substitute with a reduced processing speed for its second-largest market. The Nvidia A800 graphic processing unit is “another alternative product to the Nvidia A100 GPU for customers in China,” a spokesperson for Nvidia … Read more
FTX Token Plummets as Market Fears Possible Alameda Contagion
FTT was down nearly 12% in the last hour and over 20% during the last 24 hours.
Russia’s Central Bank report examines crypto’s place in the financial system
Russia’s Central Bank has released a report on digital assets which looks at how the technology could be integrated into its traditional financial system.
First Mover Asia: A Good Week for Exchange Tokens, Except FTT; Solana Continues Falling
During the past week, a number of exchange tokens have outperformed bitcoin, including OKX and CRO. FTT is not among them.
Elon Musk has discussed putting all of Twitter behind a paywall
Illustration by Laura Normand / The Verge If Friday brought massive layoffs to Twitter, Monday brought fresh evidence that the company will never be the same. Musk has discussed putting the entire site behind a paywall, Platformer has learned. Meanwhile, the company is scrambling to lure back employees who it laid off mere hours ago, … Read more
Musk’s $56 billion Tesla pay deal goes to trial amid Twitter overhaul
As if Elon Musk didn’t have enough on his plate, the world’s richest man is headed to court next week to defend his $56 billion Tesla pay package. Richard Tornetta, a Tesla shareholder who filed suit in 2019 to rescind Musk’s 2018 pay deal, claims the package — “the largest compensation grant in human history” … Read more
AMC is working with Zoom to turn some theaters into giant meeting rooms
For when your boss really wants to be on the big screen. | Image: The Verge File this one under collaborations we didn’t see coming: AMC is working with Zoom to turn some of its movie theaters into massive videoconferencing spaces for 75 to 150 people for when you really need your meeting to leave … Read more
How am I supposed to mark myself as parody if I can’t change my screen name, Elon?
Vjeran Pavic / The Verge I can’t change my screen name on Twitter. I can change my bio. But not my screen name. So although I was helpfully trying to describe myself as “Elizabeth Lopatto (parody)” that simply wasn’t possible. TFW Twitter is broken Now I hear Elon Musk fired about 50 percent of Twitter … Read more
Outgoing YC President Geoff Ralston: the market is changing; YC’s terms are not
Last week at Web Summit, we were asked to interview outgoing Y Combinator President Geoff Ralston about the past, present, and future of the popular accelerator program. We covered a lot of ground during our 20-minute-long chat, including why Ralston — long a partner at YC — decided to leave after assuming the role of … Read more
Lyft takes $135.7 million hit on Argo AI shutdown
Ride-hailing company Lyft lost $135.7 million in the third quarter due to the shutdown of autonomous vehicle company Argo AI, in which Lyft had a small stake. Late last month, Argo AI closed its doors as its main backers, Ford and Volkswagen, pulled their investments in order to focus on more near-term goals like advanced … Read more
Ethereum Co-Founder Di Iorio Unveils New Project to Bring Blockchain Computers to a Wider Audience
The Decentral and Jaxx Liberty Founder unveiled the project in Toronto, Canada; Ethereum’s birthplace.