
By BY EMILY COCHRANE from NYT U.S. https://ift.tt/nuy9rI1


Matt Levine / Bloomberg:
Crypto has built a toy financial system and had a toy financial crisis; in order to work in the long run it has to prove its real usefulness outside of finance — On Oct. 25, Bloomberg Businessweek published “The Crypto Story,” a cover-to-cover issue of the magazine that I wrote about what crypto is and what it all might mean.



Manish Singh / TechCrunch:
India says it will prioritize the development of global regulation of unbacked crypto assets, including their possible prohibition, under its G20 presidency — India said on Thursday that under its G20 presidency, it will prioritize the development of a framework for global regulation …

Eric Bangeman / Ars Technica:
Amazon starts Prime Air drone deliveries in Lockeford, California, and College Station, Texas, delivering small packages with a maximum payload of 5 lbs — Amazon Prime Air wants to deliver packages within 60 minutes. — Amazon has begun delivering orders by drone.

Jonathan Vanian / CNBC:
CCS Insight: global shipments of VR and AR devices fell 12%+ YoY to 9.6M in 2022; NPD Group: US sales of VR headsets fell 2% YoY to $1.1B as of early December — - Sales of virtual reality headsets in the U.S. declined 2% year over year to $1.1 billion as of early December, according to NPD Group.


Ava Benny-Morrison / Bloomberg:
Source: the DOJ launches a criminal investigation into $370M+ in assets stolen from FTX as the exchange collapsed, separate from its fraud case against SBF — Federal prosecutors are investigating an alleged cybercrime that drained more than $370 million out of FTX just hours …



Matthew Field / Telegraph:
Source: Magic Leap raised $450M in 2022, across $150M in equity and $300M in debt, giving Saudi Arabia's sovereign wealth fund a majority stake in the company — Saudi Arabia has taken control of US augmented reality company Magic Leap, The Telegraph can reveal, as the company taps up investors for a further $450m.
Dhruv Mehrotra / Wired:
A look at Flipper Zero, a $200 portable security penetration testing tool for hackers of all levels to intercept and replay signals from IoT sensors and more — Don't be fooled by its fun name and Tamagotchi-like interface—this do-everything gadget is trouble waiting to happen and a whole lot more.





Amanda Hoover / Wired:
Mastodon's decentralized nature raises concerns about the liability of users running their own instances, under copyright and privacy laws around the world — As the niche, decentralized social networking platform rises in popularity, it faces rising costs, culture shifts—and potential legal risks.


Ingrid Lunden / TechCrunch:
An interview with Mastodon CEO Eugen Rochko on scaling the network, plans for a Mozilla-like split revenue model, shunning ads, talking to investors, and more — Is federated really the future? — Twitter is in crisis these days. Under new owner Elon Musk, the service has lost …


Will Feuer / Wall Street Journal:
AT&T will launch broadband service in states it doesn't currently serve via a joint venture with BlackRock, initially reaching 1.5M customer locations in the US — Telecom company forms joint venture with BlackRock to fund project — AT&T Inc. said it would launch broadband services …

Alex Thompson / Politico:
Investigation: Eric Schmidt helps fund the salaries of over 24 Biden administration officials through the Federation of American Scientists and Schmidt Futures — Eric Schmidt, the former CEO of Google who has long sought influence over White House science policy, is helping to fund …

Yoolim Lee / Bloomberg : Sources: Seoul-based AI chip designer FuriosaAI seeks to raise a $300M-$500M Series D to fund mass production of...