Blog

Chinese state media: a five-day COVID-19 lockdown in Zhengzhou, home to Foxconn’s iPhone plant, has been lifted; an analyst says disruptions cost Apple $1B/week (Juliana Liu/CNN)

Juliana Liu / CNN: Chinese state media: a five-day COVID-19 lockdown in Zhengzhou, home to Foxconn’s iPhone plant, has been lifted; an analyst says disruptions cost Apple $1B/week  —  Hong Kong CNN Business —  The central Chinese city of Zhengzhou, home to the world’s largest iPhone factory …

Read More
The European Central Bank says that bitcoin is “rarely used for legal transactions” and is on the “road to irrelevance”, without citing any strong data points (Manish Singh/TechCrunch)

Manish Singh / TechCrunch: The European Central Bank says that bitcoin is “rarely used for legal transactions” and is on the “road to irrelevance”, without citing any strong data points  —  European Central Bank officials alleged on Wednesday that bitcoin is “rarely used for legal transactions …

Read More
AWS Lambda kickstarts Java functions

AWS has unveiled AWS Lambda SnapStart for Java, a performance optimization intended to make it easier to build responsive, scalable Java applications using AWS Lambda, the serverless, event-driven compute service in the Amazon cloud. Introduced November 28, AWS Lambda SnapStart for Java improves startup times by initializing a function’s code ahead of time, taking a

Read More
Where Microsoft’s open source policy went wrong

In 2001, then-Microsoft CEO Steve Ballmer called Linux “a cancer that attaches itself in an intellectual property sense to everything it touches.” This comment was only one part of Microsoft’s anti open source campaign that began with Bill Gates’ 1976 letter, Open Letter to Hobbyists, which took aim at piracy in the hobbyist community. Over

Read More
SpaceX’s Starlink increases the price for new Ukrainian customers to $700, far above the $385 cost from earlier in 2022; monthly subscriptions rise to $75 (Financial Times)

Financial Times: SpaceX’s Starlink increases the price for new Ukrainian customers to $700, far above the $385 cost from earlier in 2022; monthly subscriptions rise to $75  —  Cost of communications devices made by Elon Musk-owned SpaceX set to rise due to Russian assault on electricity grid

Read More
Sources detail Huawei’s plans to stealthily build a domestic chip supply chain with partners in Beijing, Wuhan, Qingdao, and Shenzhen, investing over $55.8B (Nikkei Asia)

Nikkei Asia: Sources detail Huawei’s plans to stealthily build a domestic chip supply chain with partners in Beijing, Wuhan, Qingdao, and Shenzhen, investing over $55.8B  —  Battered by sanctions, Huawei leads the way in stealthily building a domestic semiconductor supply chain

Read More
AWS adds AI features to Textract, Transcribe and Kendra

Amazon Web Services (AWS) on Tuesday added new artificial intelligence (AI) features to some of its services including Textract, Transcribe, Kendra, CodeWhisperer, and HealthLake. The new updates, according to the company, are expected to enhance AWS’ portfolio of AI services and lay at the top of its three-layer machine learning stack, which includes machine learning hardware and

Read More
Binance acquires Japan-based licensed exchange Sakura Exchange BitCoin for an undisclosed sum, the exchange’s re-entry to Japan and first license in East Asia (Yogita Khatri/The Block)

Yogita Khatri / The Block: Binance acquires Japan-based licensed exchange Sakura Exchange BitCoin for an undisclosed sum, the exchange’s re-entry to Japan and first license in East Asia  —  – Binance has entered Japan by acquiring the locally licensed exchange Sakura Exchange BitCoin (SEBC).  — The terms of the deal were not disclosed.

Read More
In a bankruptcy hearing, BlockFi’s lawyers say the lender plans to reopen withdrawals, BlockFi lent $671M to Alameda and has $355M frozen on FTX, and more (CNBC)

CNBC: In a bankruptcy hearing, BlockFi’s lawyers say the lender plans to reopen withdrawals, BlockFi lent $671M to Alameda and has $355M frozen on FTX, and more  —  – BlockFi’s first bankruptcy hearing in New Jersey kicked off on Tuesday, with lawyers emphasizing the crypto lender’s strong corporate controls and customer prioritization.

Read More
Interviews detail FTX and SBF’s lavish spending, aided by minimal internal controls, including $300M+ on Bahamas real estate and chartering Amazon deliveries (Financial Times)

Financial Times: Interviews detail FTX and SBF’s lavish spending, aided by minimal internal controls, including $300M+ on Bahamas real estate and chartering Amazon deliveries  —  When crypto exchange FTX moved its headquarters to the Bahamas from Hong Kong last year, employees discovered that Amazon did not deliver to the island.

Read More
Analysis of Apple’s supply chain data shows 44% to 47% of suppliers were China-based between 2014 and 2019, dropping to 41% in 2020 and 36% in 2021 (Josh Horwitz/Reuters)

Josh Horwitz / Reuters: Analysis of Apple’s supply chain data shows 44% to 47% of suppliers were China-based between 2014 and 2019, dropping to 41% in 2020 and 36% in 2021  —  Apple Inc’s (AAPL.O) wide exposure to Chinese manufacturing, notable both for its low costs and rising risks, has receded since the COVID-19 pandemic

Read More
Emboldened by FTX’s collapse, the disgraced founders of Terra, Celsius, and Three Arrows Capital have reemerged, offering their thoughts on SBF, FTX, and more (Emily Nicolle/Bloomberg)

Emily Nicolle / Bloomberg: Emboldened by FTX’s collapse, the disgraced founders of Terra, Celsius, and Three Arrows Capital have reemerged, offering their thoughts on SBF, FTX, and more  —  Welcome to Bloomberg Crypto, our twice-weekly look at Bitcoin, blockchain and more.  If someone forwarded this to you, sign up here.

Read More
Acrylic Light Puzzle Has A Point

[JBV Creative] recently became a proud owner of a laser cutter and, like most of us, started to think about what they could make with it. The answer was simple, a clever little piece of art or puzzle made of stacked acrylic. He created some text and extruded it from a single point, but not

Read More
Sources: LedgerX, known as FTX US Derivatives, plans to make $175M available for FTX’s bankruptcy, part of a $250M fund reserved for a CFTC application (Bloomberg)

Bloomberg: Sources: LedgerX, known as FTX US Derivatives, plans to make $175M available for FTX’s bankruptcy, part of a $250M fund reserved for a CFTC application  —  LedgerX — one of the few corners of Sam Bankman-Fried’s crumbled crypto empire that remain solvent — is preparing to make available $175 million …

Read More