Daily Crunch: 2 former SBF associates plead guilty to fraud and are cooperating with US federal prosecutors

Share Story on

To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here.

Well, the weather outside is…entirely dependent on where you are, we suppose. For the purposes of this newsletter, let’s imagine sunshine, some pristine beaches, a lovely gentle cooling breeze, and some piña coladas, because if we’re going to make up some fictional weather, we may as well make it lovely, right? — Christine and Haje

The TechCrunch Top 3

  • Surprised, but also not surprised: FTX co-founder Gary Wang and Alameda’s Caroline Ellison plead guilty to criminal charges, Darrell writes.
  • $eeing i$ believing: Twitter is now sourcing stock and cryptocurrency prices from TradingView and automatically displaying them in search results. Ivan shows you how to get them to appear in your next tweet.
  • Another Okta breach: Okta confirmed that it’s responding to another major security incident after a hacker accessed its source code following a breach of its GitHub repositories, Carly reports.

Startups and VC

Text-to-image AI exploded this year as technical advances greatly enhanced the fidelity of art that AI systems could create. As controversial as systems like Stable Diffusion and OpenAI’s DALL-E 2 are, platforms such as DeviantArt and Canva have adopted them to power creative tools, personalize branding and even ideate new products, writes Kyle as he takes you on a tour through a brief history of diffusion, the tech at the heart of modern image-generating AI.

Speaking of AI, Amanda reports that Unstable Diffusion, a group trying to monetize AI porn generation, raised more than $56,000 on Kickstarter from 867 backers. Then, as Kickstarter changed its thinking about what kind of AI-based projects it will allow, the crowdfunding platform shut down Unstable Diffusion’s campaign.

And in only partially AI news:

Avoid 3 common sales mistakes startups make during a downturn

Discarded paper on floor around wastebasket

Image Credits: Anthony Lee (opens in a new window) / Getty Images

Analysts estimate that IT spending will increase in 2023, but tell that to SaaS sales teams who are trying to close contracts with customers who’ve been instructed to slash spending.

“What every company needs now is efficient sales,” says Anand Shah, CEO and co-founder of Databook.

In a TC+ guest post, he explains why reactive moves like increasing sales quotas or raising prices are wrongheaded moves that won’t move the needle.

“Make real changes to meet your buyers’ needs. Use the macroeconomic backdrop to make the necessary sales productivity improvements.”

Three more from the TC+ team:

TechCrunch+ is our membership program that helps founders and startup teams get ahead of the pack. You can sign up here. Use code “DC” for a 15% discount on an annual subscription!

Big Tech Inc.

Having that ad blocker box pop up when you try to open a new website is annoying, but Zack says we should find the good in it — heck, even the FBI says you should use an ad blocker, he writes. Why? Apparently, “cybercriminals are buying ads to impersonate legitimate brands, like cryptocurrency exchanges” and they are so good that it’s hard to tell it’s not the real thing. Stay safe, everyone!

What do we want? News! When do we want it? Now!:

Daily Crunch: 2 former SBF associates plead guilty to fraud and are cooperating with US federal prosecutors by Christine Hall originally published on TechCrunch



Search By Category

Recent News

You May Also Like

India’s Venus Industries Unveils Bespoke Cutlery Collection Exclusively for New Raffles Udaipur

India’s Venus Industries Unveils Bespoke Cutlery Collection Exclusively for New Raffles Udaipur

New Delhi (India), December 6: Venus Industries, India’s premier supplier of premium cutlery, is honored to unveil a fully custom cutlery collection developed especially for the

Empowering Maharashtra: Finhaat’s Strategic Partnership with Nidhi Companies

Empowering Maharashtra: Finhaat’s Strategic Partnership with Nidhi Companies

Finhaat’s Strategic Partnership with Nidhi Companies Mumbai (Maharashtra) [India], December 6: Headquartered in Mumbai, Finhaat is a financial product delivery platform created for the emerging

Star Education Award 2023 was bestowed to Dr.Dinesh Sabnis by ESFE in Collaboration with School Education & Sports Department, Government of Maharashtra

Star Education Award 2023 was bestowed to Dr.Dinesh Sabnis by ESFE in Collaboration with School Education & Sports Department, Government of Maharashtra

Mumbai (Maharashtra) [India], December 6: Dr.Dinesh Sabnis having appointment as a Asst. General Manager- Sports & Activities in Ashoka Group of Schools was honored with

CoinEx Shares the Art of Blockchain Security in the Crypto World

CoinEx Shares the Art of Blockchain Security in the Crypto World

CoinEx has recently announced a strategic partnership with SlowMist, a renowned cybersecurity firm New Delhi (India), December 6: In the ever-evolving landscape of cryptocurrency, blockchain

BigBloc commences work on the 2nd Phase of AAC Blocks expansion at Wada

BigBloc commences work on the 2nd Phase of AAC Blocks expansion at Wada

Company to invest around Rs. 30 crore for doubling the production capacity of AAC block at Wada Plant to 5 lakh cubic meter per annum

Shahid, Nora, Malaika, Sunil Grover, Honey Singh to dazzle at Stardom 2024!

Shahid, Nora, Malaika, Sunil Grover, Honey Singh to dazzle at Stardom 2024!

Mumbai (Maharashtra) [India], December 6: Groove into the New Year with a bang!  On 20th January 2024, Mumbai’s first-ever Bollywood Live Concert, Stardom, will be presented