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Sources: Alameda invested $1.1B in bitcoin miner Genesis Digital, including $500M to buy co-founders' shares; Genesis is among FTX's largest bankruptcy assets (Wall Street Journal)
Wall Street Journal: Sources: Alameda invested $1.1B in bitcoin miner Genesis Digital, including $500M to buy co-founders’ shares; Genesis is…
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Crypto exchange Huobi plans to lay off 20% of its ~1,100 staff, citing the "bear market"; CoinGecko: Huobi had the 8th largest exchange volume in November 2022 (Reuters)
Reuters: Crypto exchange Huobi plans to lay off 20% of its ~1,100 staff, citing the “bear market”; CoinGecko: Huobi had…
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The New York City Department of Education, the US' largest school system, bans access to OpenAI's ChatGPT on school devices and networks, amid cheating concerns (Michael Elsen-Rooney/Chalkbeat New York)
Michael Elsen-Rooney / Chalkbeat New York: The New York City Department of Education, the US’ largest school system, bans access…
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NFT service Magic Eden, the largest Solana marketplace, blames a hacked image caching service after some users were served porn and TV stills instead of the NFT (Andrew Hayward/Decrypt)
Andrew Hayward / Decrypt: NFT service Magic Eden, the largest Solana marketplace, blames a hacked image caching service after some…
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Bitcoin miner Core Scientific plans to shut down mining rigs tied to Celsius Mining, its largest client with 37K+ machines, as both companies undergo bankruptcy (Eliza Gkritsi/CoinDesk)
Eliza Gkritsi / CoinDesk: Bitcoin miner Core Scientific plans to shut down mining rigs tied to Celsius Mining, its largest…
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Officials and studies: US spy agencies have been slow to adapt to open source intelligence, falling behind China, which has the largest and most focused effort (Warren P. Strobel/Wall Street Journal)
Warren P. Strobel / Wall Street Journal: Officials and studies: US spy agencies have been slow to adapt to open…
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Similarweb: desktop visits to Twitter's ad manager fell ~74% YoY in Oct. and 85% in Nov., the largest drop since Musk's takeover; the trend continues in Dec. (Laura Forman/Wall Street Journal)
Laura Forman / Wall Street Journal: Similarweb: desktop visits to Twitter’s ad manager fell ~74% YoY in Oct. and 85%…
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Singapore-based Amber Group, one of Asia's largest crypto exchanges, cuts 40% of its staff, scraps retail operations, and terminates its Chelsea FC sponsorship (Hannah Miller/Bloomberg)
Hannah Miller / Bloomberg: Singapore-based Amber Group, one of Asia’s largest crypto exchanges, cuts 40% of its staff, scraps retail…
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