Binance, the issuer of the world’s third-largest stablecoin, said on Monday it will convert customers’ holdings in three rival stablecoins USD Coin (USDC), Pax Dollar (USDP) and True USD (TUSD) into its own stablecoin (BUSD) on September 29 to “enhance liquidity and capital-efficiency for users” in a move that has baffled many enthusiasts. As a
Enterprise
Tailor, a Japan-based back-end enterprise resource planning (ERP) platform, said today it has raised $4.3 million in seed funding from Y Combinator and Global Brain. Founded in 2021 by Yo Shibata and Misato Takahashi, Tailor provides a headless ERP platform, meaning an ERP without a front end, instead delivering data from back-office systems like finance
To mark down your portfolio or not mark down your portfolio? That is a question many venture capitalists are grappling with right now. But first, what does that mean? VCs keep a running tab of the value of each fund and entire portfolio based on the prior valuations each company raised at. The value of
Indonesia’s credit bureaus currently have about 92 million credit records, but the founders of SkorLife say many people have trouble accessing their own data. That’s why they built the app, which not only lets people see their credit histories for free, but also gives personalized advice on how to improve data. The Jakarta-based startup announced
If you have a strong traction slide, nothing else about your pitch deck matters Haje Jan Kamps 13 hours It’s a commonly accepted wisdom that you need between 10 and 20 slides to tell the story of your startup. A lot of founders don’t seem to realize that not all slides are the same, however.
Ethereum, the second-largest blockchain by market cap, is about to undergo a massive transformation known to the crypto community as “the Merge.” It’s a long-awaited systemwide upgrade that experts say will reduce the blockchain’s energy consumption by about 99% by switching its transaction verification system away from “proof-of-work,” which relies on crypto “miners” using massive
Welcome to Startups Weekly, a fresh human-first take on this week’s startup news and trends. To get this in your inbox, subscribe here. YC had its biggest news in years this week: Garry Tan will be the new president and CEO of the organization, starting January 2023. Tan co-founded and helped scale Initialized Capital to
Hello again! Welcome back to Week in Review, the newsletter where we quickly recap the last week’s worth of TechCrunch’s most read posts. Want it in your inbox every Saturday morning? Sign up here. Ready? Let’s just dive right in. most read What to expect from Apple’s iPhone event: Apple events tend to suck all
India’s financial crime fighting agency searched the offices of fintech unicorns Paytm and Razorpay as well as Cashfree on Friday as part of an ongoing investigation into fraudulent Chinese loan apps, it said Saturday, the latest in a series of probes in recent months. The Enforcement Directorate said its searches at high profile Indian firms
Truth Social isn’t allowed in Google’s app store yet, but another ostensibly anything-goes social network in the same orbit just made a comeback there. Parler, a social app designed to appeal to pro-Trump social media users turned off of mainstream platforms, has returned to the Google Play Store more than a year after getting the
As a brutal heat wave cooks the West in the run-up to Labor Day, California’s power grid manager is calling on electric vehicle owners to avoid charging at peak times. The request is part of a broader effort to keep the state’s grid up and running, while locals crank their air conditioners to outlast a
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Four months after the spectacular feat that was catching a descending rocket stage in mid-air, Rocket Lab has re-ignited one of the engines from that booster — an important step on their roadmap to fielding a fully reusable rocket. The Rutherford engine, one of nine that power the Electron launch vehicles, went up on the
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. Today, Haje is particularly psyched that he was able to talk the TechCrunch Plus team into letting him publish one of his Pitch Deck Teardowns without the paywall. If you’re not a
Reddit’s acquisition spree is continuing this morning with news that the company is bringing the audience contextualization company Spiketrap’s technology in-house. Deal terms were not disclosed, but Reddit says Spiketrap’s AI-powered contextual analysis and tools will help Reddit to improve in areas like ad quality scoring and will boost prediction models for powering auto-bidding. The
Welcome back to Found, where we get the stories behind the startups. This week’s guest Shiv Rao founded Abridge after experiencing how unnerving it can be to go through a medical emergency with a loved one — even for a practicing doctor like himself. So he and the Abridge team created an app that doesn’t
Lyft is facing a fresh batch of lawsuits from drivers and passengers who say they were sexually and physically assaulted during rides and accused the ride-hailing company of failing to protect its users. Seventeen lawsuits were filed in Arizona, California, Connecticut, Illinois, Kentucky, Michigan, Ohio, Oregon, Texas, Virginia and Wisconsin, according to Peiffer Wolf Carr
Ticketmaster will now let event organizers issue NFTs (non-fungible tokens) tied to tickets on Flow, a blockchain operated by a16z-backed Dapper Labs. The Live Nation subsidiary said that event organizers can make these NFTs available before, during, or after the event and even enable special experiences like loyalty rewards or celebrity meet-and-greets — or simply
Despite serving as the online watercooler for journalists, politicians and VCs, Twitter isn’t the most profitable social network on the block. Amid internal shakeups and increased pressure from investors to make more money, Twitter reportedly considered monetizing adult content. According to a report from The Verge, Twitter was poised to become a competitor to OnlyFans by
After SpaceX announced its Starlink Maritime service last month, it was only a matter of time before some household name in boat world went all-in on the satellite service. Sure enough, today Royal Caribbean Cruise Lines announced it will be adding the service to its whole fleet, after a pilot service on one of its
Twitter is launching its Circle feature — which lets you post a tweet to a select set of people — globally. The company started testing this Instagram “Close Friends”-like feature in limited beta in May, and now it’s making it available to all users. Users can add up to 150 people to their Circle, and
Pakistani fintech PostEx has acquired logistics service provider Call Courier, creating what it describes as the largest e-commerce service provider in the country. PostEx will now serve 1.3 million users with over 8,000 merchants across 500 cities in Pakistan, and is on track to having a loan book of more than $12 million. The acquisition
Meta announced today that it will now let users post their NFTs across both Instagram and Facebook. Users can connect their wallets like Rainbow, MetaMask, Trust Wallet, Coinbase Wallet and Dapper Wallet to post digital collectibles minted on Ethereum, Polygon and Flow. “As we continue rolling out digital collectibles on Facebook and Instagram, we’ve started
Mermade Seafoods is out to disrupt the $8 billion global scallops market with its circular cellular agriculture technology approach for producing cultivated scallops. The Israeli company was founded in July 2021 by CEO Daniel Einhorn, CTO Dr. Rotem Kadir and COO Dr. Tomer Halevy. Einhorn, who has Navy — which explains his love of the
Here’s what investors are looking for when writing the first check into a fledgling startup Haje Jan Kamps 8 hours Covering Five Flute’s fundraising and tearing down the deck the company used to raise its $1.2 million seed round had me wondering: How the hell do investors decide whether to invest in a company at the
Akasa Air, India’s newly launched airline that began operations earlier this month, exposed the personal data of thousands of its customers because of a technical glitch that affected its login and sign-up service. The exposed data, discovered by cybersecurity researcher Ashutosh Barot, included full names, gender, email addresses and phone numbers of customers signing up
Welcome back to Found, where we tell you the stories behind the startups. Super Troopers premiered at Sundance to a receptive, giggling crowd but if you judged it based on its Rotten Tomato score and reviews, you’d think it flopped. Writer, director, comedian, and recent founder Jay Chandrasekhar never felt right about the critiques from
Welcome back to This Week in Apps, the weekly TechCrunch series that recaps the latest in mobile OS news, mobile applications and the overall app economy. Global app spending reached $65 billion in the first half of 2022, up only slightly from the $64.4 billion during the same period in 2021, as hypergrowth fueled by
The bets are no longer just on Wall Street — they’re in your group chats, book clubs and that awkward shuffle that happens when everyone’s trying to get out of the door at the same time at the end of class. Community investment clubs are nothing new, but a renewed interest in decentralization and the
Fifty-three years after humans first walked on the moon, NASA is kicking off its ambitious Artemis program to return us there, starting with an uncrewed launch of a massive new rocket on Monday. The Artemis I mission scheduled Monday morning will see the first flight of the Space Launch System (SLS) rocket and the second
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