Daily Tech News 9 November 2022

• The US government's incompetence on crypto finance regulations could drive the industry out of the country to... Some other even more incompetent country, probably. (Ars Technica)
  
  What will America do without its ugly monkey JPEGs and "stablecoins" that lose 95% of their value overnight?

• What's more unstable than crypto stablecoins? Crypto stablecoin derivatives. (CryptoSlate)
  
  Crypto derivative trading platform FTX's CEO, Sam Bankman-Fried, saw 93% of his $16 billion wealth disappear in a single day.
  
  Oops.
  
  Yeah, this industry would totally be a loss if it moved elsewhere.
  
  
  
• Speaking of which, the IRS raided a house in Gainesville last November and found $3.36 billion hidden in a popcorn tin. (Hot Hardware)
  
  The money was originally stolen from dark web drug bazaar Silk Road ten years ago when Bitcoin was worth about $2, not $20,000 like it is today. A bit like a petty thief swiping a painting from the local fence only to find out it's an original Rembrandt lost since WWII and now everyone wants to kill him only much less exciting.
  
  
  
• A California ballot initiative to tax rich tech bros to fund EV chargers that the state doesn't have the grid capacity to power in the first place is somehow failing. (AP News)
  
  No is currently at 57%.
  
  
  
• Disney+ now has 152 million subscribers. (Thurrott.com)
  
  It looked like a failure early on, but with 152 million paid subscribers totaling about a billion dollars a month, that's at least a reasonable success.
  
  
  
• Intel's new NUC 13 Extreme has a Core i9 13900K, a 750W power supply, and room for a triple slot graphics card. (Tom's Hardware)
  
  Not sure how this is a NUC and not just a prebuilt PC made with nonstandard parts.
  
  
  
• The Dragonfly 44 galaxy is 99.99% dark matter. (Quanta)
  
  We don't know what dark matter is, but we can tell it's there because we can't see it.

posted by Pixy Misa at 04:00 AM

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