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Yesterday was a big day for the crypto industry. A former Coinbase product manager was arrested alongside his brother and a friend, and charged with running a cryptocurrency insider trading scheme by the U.S. Department of Justice (DOJ). At the same time, the U.S. Securities and Exchange Commission (SEC) filed a separate document on the
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A year ago, Instacart co-founder Apoorva Mehta left his role as chief executive of the grocery delivery unicorn and took on an executive chairman position. Now, as the company he started nearly a decade ago prepares to IPO, Mehta says that he will be stepping down as Executive Chairman and transitioning off the board of
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In April, startup accelerator Techstars, in partnership with ARM Labs, a Lagos-based innovation program focusing on fintech startups, announced the launch of ARM Labs Lagos Techstars Accelerator Program.  As Techstars’ newest accelerator program in Africa, the announcement re-emphasized the expansion plans Techstars touted when it hired Maëlle Gavet as CEO last January. The Lagos accelerator adds to
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Tesla suppliers traveling from Nuevo León, Mexico, to Texas now have their very own dedicated border patrol lane. Elon Musk’s electric car company, which recently relocated its headquarters from Fremont, California, to Austin, has struck a deal with the “pro-business” Mexican state to allow express access for Tesla and its suppliers at the Colombia Solidarity
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On Tuesday, I covered Arkive’s $9.7 million funding round, a startup that is trying to answer the question: “What if the Smithsonian was owned and curated by the internet?” The company’s founder and CEO Tom McLeod was gracious enough to let me take a closer look at the pitch deck he used to raise their
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Bloom, a Sudan-based fintech that offers a high-yield savings account and adjacent digital banking services, has raised a $6.5 million seed round. This investment is coming after the startup’s undisclosed pre-seed round last year. This financing welcomed participation from fintech giant Visa, Y Combinator, U.S.-based VCs Global Founders Capital (GFC) and Goodwater Capital and UAE-based
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Robotic learning has quickly become of automation’s most vibrant categories — and understandably so. Programming a robot has traditionally required a lot of technical know-how, but what if there was a simpler way for non-programmers/roboticists to teach these systems to do what we want? Imitation and reinforcement learning are two of the most popular methods
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Denmark is effectively banning Google’s services in schools, after officials in the municipality of Helsingør were last year ordered to carry out a risk assessment around the processing of personal data by Google. In a verdict published last week, Denmark’s data protection agency, Datatilsynet, revealed that data processing involving students using Google’s cloud-based Workspace software
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As NFTs work to retain mainstream attention, one founder predicts the digital asset sector will pivot in a new direction. “I think NFT collections will evolve as media companies [into something] like Disney,” Alex Salnikov, co-founder and head of product at NFT marketplace Rarible, said to TechCrunch. In recent months, major “blue-chip” NFT projects like Bored
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Welcome to The Interchange! If you received this in your inbox, thank you for signing up and your vote of confidence. If you’re reading this as a post on our site, sign up here so you can receive it directly in the future. Every week, I’ll take a look at the hottest fintech news of
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Hello and welcome to a special edition of Equity! Today, Alex sat down Brian Heater, a long-tenured TechCrunch denizen, our hardware editor, podcast extraordinaire, and genial chap. He also put together a really neat robotics-focused event that we’re hosting next week. The event is online, and free, which means that everyone can come and hang
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Big tech companies are facing increased scrutiny in South Africa for dominance abuse and anti-competitive behavior, just months after the country’s competition regulator, the Competition Commission (CompCom), started an inquiry into the conduct of online intermediation (b2c) platforms. In its initial findings, the regulator has established that Apple, Google, UberEats, Airbnb, Booking.com, and South Africa’s
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Is it really written in the stars? This week, Bumble launched weekly customized astrology content in-app, with astrologer Aliza Kelly taking on the task of helping you find a star-crossed soulmate. Dubbed “Astrology Tuesdays,” Bumble users in the U.S. can go to the new astrology channel within the conversations screen in Bumble’s Date mode. There
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Hyundai said Thursday it will begin building electric vehicles under its high-performance N brand created to compete with luxury sports cars from Mercedes-Benz and BMW. The automaker said the Ioniq 5 N, high-performance version of its battery-electric SUV, will launch in 2023. Hyundai also premiered Thursday two high-performance concepts — RN22e and N Vision 74
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Meta today released its first annual human rights report, which — in the company’s words — includes “insights and actions from [Meta’s] human rights due diligence on products, countries, and responses to emerging crises.” The 83-page report, covering the years 2020 and 2021, strikes a largely self-congratulatory tone, defending Meta’s misinformation strategy while failing to
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