Technology
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A bankruptcy attorney says FTX has recovered $5B+ in cash, crypto, and securities, not including $425M held by the Bahamas or "illiquid cryptocurrency tokens" (Nikhilesh De/CoinDesk)
Nikhilesh De / CoinDesk: A bankruptcy attorney says FTX has recovered $5B+ in cash, crypto, and securities, not including $425M…
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Netflix plans to stream the SAG Awards globally starting in 2024, as part of a multiyear deal; the 2023 ceremony will stream on Netflix's YouTube channel (Tyler Coates/The Hollywood Reporter)
Tyler Coates / The Hollywood Reporter: Netflix plans to stream the SAG Awards globally starting in 2024, as part of…
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The deep problem with SPACs is the sponsors' and warrant holders' cuts, paid by the target company or the SPAC shareholders, leading to a bad deal for both (Matt Levine/Bloomberg)
Matt Levine / Bloomberg: The deep problem with SPACs is the sponsors’ and warrant holders’ cuts, paid by the target…
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Cologne-based DeepL, which offers instant translation-as-a-service to businesses and individuals, raised $100M-$125M led by IVP at a €1B valuation (Ingrid Lunden/TechCrunch)
Ingrid Lunden / TechCrunch: Cologne-based DeepL, which offers instant translation-as-a-service to businesses and individuals, raised $100M-$125M led by IVP at…
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After Chinese researchers claimed to break RSA encryption using quantum computers, experts are skeptical and caution that any commercial benefits are years away (Richard Waters/Financial Times)
Richard Waters / Financial Times: After Chinese researchers claimed to break RSA encryption using quantum computers, experts are skeptical and…
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UK-based Hack the Box, which wants to encourage white hat hackers via gamified training, raised a $55M Series B led by Carlyle and reports having 1.7M users (Ingrid Lunden/TechCrunch)
Ingrid Lunden / TechCrunch: UK-based Hack the Box, which wants to encourage white hat hackers via gamified training, raised a…
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Analysts say Salesforce's customers do not seem to be swayed by Slack; the messaging service's revenue growth declined from 11.7% in Q1 2022 to 6.9% in Q3 2022 (Angus Loten/Wall Street Journal)
Angus Loten / Wall Street Journal: Analysts say Salesforce’s customers do not seem to be swayed by Slack; the messaging…
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Cory Doctorow and law professor Rebecca Giblin on their new book, Chokepoint Capitalism, and how tech platforms monetize creators via distribution bottlenecks (Nilay Patel/The Verge)
Nilay Patel / The Verge: Cory Doctorow and law professor Rebecca Giblin on their new book, Chokepoint Capitalism, and how…
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Court documents: Sam Bankman-Fried invested $20M in Paradigm's $2.5B Paradigm One fund in late 2021, before the fund then invested in FTX and FTX US (Financial Times)
Financial Times: Court documents: Sam Bankman-Fried invested $20M in Paradigm’s $2.5B Paradigm One fund in late 2021, before the fund…
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Binance admits flaws in maintaining its Paxos-managed BUSD stablecoin, which should be backed 1:1; ChainArgos: BUSD was undercollateralized by $1B+ in 2020-21 (Bloomberg)
Bloomberg: Binance admits flaws in maintaining its Paxos-managed BUSD stablecoin, which should be backed 1:1; ChainArgos: BUSD was undercollateralized by…
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