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A look at a draft copy of Sam Bankman-Fried’s planned House testimony, including accusations against John Ray and screenshots from a chat with Changpeng Zhao (Steven Ehrlich/Forbes)

Steven Ehrlich / Forbes: A look at a draft copy of Sam Bankman-Fried’s planned House testimony, including accusations against John Ray and screenshots from a chat with Changpeng Zhao  —  Sam Bankman-Fried, founder of collapsed crypto exchange FTX, was scheduled to testify Tuesday before the U.S. House of Representatives Committee on Financial Services.

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Changpeng Zhao seeks to reassure Binance users on USDC outflows, saying they can “withdraw any other stablecoin”; Nansen shows $1.6B in ETH outflows in 24 hours (Adam James/The Block)

Adam James / The Block: Changpeng Zhao seeks to reassure Binance users on USDC outflows, saying they can “withdraw any other stablecoin”; Nansen shows $1.6B in ETH outflows in 24 hours  —  – Binance CEO Changpeng Zhao has addressed major USD Coin outflows.  — Some $1.6 billion has been withdrawn …

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Sources: China is working on a $143B+ five-year support package for its chip industry, mainly including subsidies and tax credits, starting as soon as Q1 2023 (Julie Zhu/Reuters)

Julie Zhu / Reuters: Sources: China is working on a $143B+ five-year support package for its chip industry, mainly including subsidies and tax credits, starting as soon as Q1 2023  —  China is working on a more than 1 trillion yuan ($143 billion) support package for its semiconductor industry, three sources said …

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A brief history of the video game industry, the rise of Nintendo, the dominance of Sony, and what Microsoft’s Activision deal means for competition (Ben Thompson/Stratechery)

Ben Thompson / Stratechery: A brief history of the video game industry, the rise of Nintendo, the dominance of Sony, and what Microsoft’s Activision deal means for competition  —  The first video game was a 1952 research product called OXO — tic-tac-toe played on a computer the size of a large room:

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China files a trade dispute at the WTO against the US over its chip export controls, arguing the curbs threaten the stability of global industrial supply chains (Reuters)

Reuters: China files a trade dispute at the WTO against the US over its chip export controls, arguing the curbs threaten the stability of global industrial supply chains  —  China has launched a trade dispute at the World Trade Organization against the United States over its chip export control measures, China’s commerce ministry said.

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Sources: Checkout.com, which offers payment processing tools, drops its internal valuation to ~$11B, after securing a $40B investor valuation in January 2022 (Ivan Levingston/Financial Times)

Ivan Levingston / Financial Times: Sources: Checkout.com, which offers payment processing tools, drops its internal valuation to ~$11B, after securing a $40B investor valuation in January 2022  —  Start-up sharply reduces price of staff stock options as private tech groups are hit by funding crunch

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The US SEC says it is preparing charges against SBF to be filed in court on December 13, separate from the ones leading to his recent arrest in The Bahamas (Brian Quarmby/Cointelegraph)

Brian Quarmby / Cointelegraph: The US SEC says it is preparing charges against SBF to be filed in court on December 13, separate from the ones leading to his recent arrest in The Bahamas  —  SBF has finally been slapped with criminal charges and will be extradited to the U.S., once there, he will have

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Sensor Tower: Lensa tops the US App Store charts with 3.6M installs in December; app saw 12.6M global installs in Dec. so far, up 600% from last 11 days of Nov. (Sarah Perez/TechCrunch)

Sarah Perez / TechCrunch: Sensor Tower: Lensa tops the US App Store charts with 3.6M installs in December; app saw 12.6M global installs in Dec. so far, up 600% from last 11 days of Nov.  —  Lensa AI’s popularity has had a notable impact on the App Store’s Top Charts.  The popular photo and video

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New Zealand-based Partly, which maintains a database used by marketplaces like eBay of 50M+ car parts from 20K+ suppliers and OEMs, raised a $21M Series A (Rebecca Bellan/TechCrunch)

Rebecca Bellan / TechCrunch: New Zealand-based Partly, which maintains a database used by marketplaces like eBay of 50M+ car parts from 20K+ suppliers and OEMs, raised a $21M Series A  —  Car parts buyers require specific parts to fit specific vehicles, making for a supply-constrained environment.

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Coinbase transparency report: law enforcement requests rose ~66% YoY to 12,320 from October 2021 to September 2022; ~57% of them were from outside the US (Nelson Wang/CoinDesk)

Nelson Wang / CoinDesk: Coinbase transparency report: law enforcement requests rose ~66% YoY to 12,320 from October 2021 to September 2022; ~57% of them were from outside the US  —  The number of requests from the U.S., which accounted for about 43% of the total, increased by 6%.  —  Coinbase (COIN) …

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Travel Uke from a Fallen Tree

When faced with what to build from the trimmings of the walnut tree in her yard, [Amy Quian] decided to build a headless travel ukulele. [via MAKE:] Headless instruments relocate the tuners to the body of the instrument, and [Quian] had to do a fair bit of trimming and whittling on the body to make

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Elon Musk says Twitter Blue subscribers will see half the number of ads, and that it plans to offer a higher tier with no ads in 2023 (Urvi Dugar/Reuters)

Urvi Dugar / Reuters: Elon Musk says Twitter Blue subscribers will see half the number of ads, and that it plans to offer a higher tier with no ads in 2023  —  Twitter owner Elon Musk tweeted on Monday that Twitter’s Basic blue tick will have half the number of advertisements and the social media

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Oracle reports Q2 revenue up 18% YoY to $12.28B, vs. $12.05B est., cloud services revenue up 14% YoY to $8.6B, and health data provider Cerner revenue of $1.5B (Jordan Novet/CNBC)

Jordan Novet / CNBC: Oracle reports Q2 revenue up 18% YoY to $12.28B, vs. $12.05B est., cloud services revenue up 14% YoY to $8.6B, and health data provider Cerner revenue of $1.5B  —  – Oracle reported better-than-expected results in the fiscal second quarter, as cloud infrastructure revenue jumped.

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Sources: on December 11, Twitter briefly blocked traffic from ~30 mobile carriers, mainly in the Asia-Pacific region, in an attempt to rid Twitter of spam (Platformer)

Platformer: Sources: on December 11, Twitter briefly blocked traffic from ~30 mobile carriers, mainly in the Asia-Pacific region, in an attempt to rid Twitter of spam  —  PLUS: Why it’s time to start leaving Twitter behind  —  On Sunday, Elon Musk tweeted a vague warning: “the bots are in for a surprise tomorrow.”

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Email: Twitter dissolves its Trust and Safety Council, saying it isn’t “the best structure” for “external insights into our product and policy development work” (Cat Zakrzewski/Washington Post)

Cat Zakrzewski / Washington Post: Email: Twitter dissolves its Trust and Safety Council, saying it isn’t “the best structure” for “external insights into our product and policy development work”  —  Meanwhile, a former top Twitter official fled his home amid attacks following Musk tweets

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Westworld is leaving HBO Max

Is there going to be any HBO content left for the upcoming Max app? | Illustration by Alex Castro / The Verge Just over a month after HBO canceled its once-hit original show Westworld, it’s planning on yanking the back catalog from its streaming service, according to Variety, Deadline, IndieWire, and The Wrap. It’s currently

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Golang previews profile-guided optimization

Go 1.20, a planned upgrade to the Google-developed open source language known for its simplicity, concurrency, and functional programming features, has just reached a release candidate stage. The new version previews profile-guided optimization (PGO) for the compiler. Announced December 7, the Go 1.20 release candidate can be downloaded from go.dev. The production release of Go

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Comcast’s symmetrical multi-gigabit internet test is a preview of next year’s ‘10G’ rollout

Illustration by Alex Castro / The Verge Comcast announced in a press release it successfully tested a symmetrical multi-gigabit DOCSIS 4.0 connection on its live network, taking a major step toward “offering 10G-enabled services” in the second half of 2023. In Philadelphia, where Comcast is headquartered, it connected service at an undisclosed business location using

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Bahamas AG Ryan Pinder and US SDNY Attorney Damian Williams confirm Bahamas police arrested Sam Bankman-Fried, who is under indictment and could be extradited (CNBC)

CNBC: Bahamas AG Ryan Pinder and US SDNY Attorney Damian Williams confirm Bahamas police arrested Sam Bankman-Fried, who is under indictment and could be extradited  —  – The cofounder and former CEO of bankrupt crypto trading firm FTX was arrested in the Bahamas after the U.S. attorney …

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