Tue. 11/08 – FTX: You Ok, Bro?

Tech Brew Ride Home

Amalgamated Internets, LLC

Tech News, News, Technology

4.7 • 1K Ratings

🗓️ 8 November 2022

⏱️ 18 minutes

🔗️ Recording | iTunes | RSS

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Summary

Why has FTX appeared to have halted withdrawals? Innocent explanation, or could we have another big crypto blowup brewing? What if Elon just says, screw it, and puts all of Twitter behind a paywall? What happens if NFT marketplaces stop honoring royalties? And why is Apple having a hard time with its design team? Sponsors: Masterworks.com/ride Links: Binance to Sell Rest of FTX Token Holdings as Alameda CEO Defends Firm's Financial Condition (CoinDesk) Musk discusses putting all of Twitter behind a paywall (Platformer) Mysterious company with government ties plays key internet role (Washington Post) OpenSea Breaks Silence on NFT Royalties, But Creators Don't Like What They Hear (Decrypt) Apple’s Brain Drain Hinders Efforts to Pick Its Next Jony Ive (Bloomberg) Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome to the Tech Mem Right Home for Tuesday, November 8th, 2022. I'm Brian McCullough today.
0:09.0	Why has FTX apparently halted withdrawals.
0:13.2	Innocent explanation, I'm sure, or could we have another big crypto blow-up brewing?
0:18.1	What if Elon just says, screw it and puts all of Twitter behind a paywall?
0:21.6	What happens if NFT marketplaces stop honoring royalties,
0:25.3	and why is Apple having a hard time with its design team?
0:28.6	Here's what you miss today in the world of tech. You okay? Tech.
0:33.0	UOK, FTS, according to on-chain data,
0:38.0	FTS appears to have stopped processing withdrawal requests
0:42.0	starting at 637 AM Eastern Time. processing withdrawal
0:45.0	on on
0:48.0	and
0:50.0	of eart
0:45.0	and Tron.
0:49.0	now there have been whispers
0:51.0	about FTX's solvency in recent days. Here's what's have been
0:55.0	with whispers about FTX's solvency in recent days.
0:57.0	Remember, Sam Bankman-Freed owns FTX a trading platform.
1:01.0	He also owns Alameda, a sort of investment arm which is what he has used
1:06.2	to scoop up troubled crypto projects in recent months backstopping the market as we've said
1:10.8	a la J.P. Morgan. Welli morgan well somehow FTX's balance sheet leaked
1:16.0	recently revealing that Alameda's biggest asset the thing that it can use not
	...

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