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
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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
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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
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The Reserve Bank of India (RBI) has given lenders until the end of November to implement adequate systems and processes to ensure that new and existing loans comply with its digital loan rules issued last month. The RBI’s move follows several reports highlighting issues of customers facing torture and abuse from agents of digital loan
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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
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The chief executive of autonomous vehicle developer Aurora Innovation presented a swath of cost-cutting and cash-generating options to its board, ranging from a hiring freeze and spinning out assets to a small capital raise, going private and even selling itself to high-profile tech companies Apple and Microsoft. The ideas, all aimed at shoring up its
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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
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Microsoft’s $68.7 billion all-cash deal to bag gaming giant Activision Blizzard faces closer antitrust scrutiny in the U.K. where the country’s market watchdog has just announced it will move to an in-depth investigation — unless the pair submit suitable proposals to address its concerns in the next few days. The Competition and Markets Authority (CMA)
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On the latest episode of Studio 1.0, Emily Chang speaks with Microsoft Gaming CEO Phil Spencer about the $70B Activision Blizzard deal, whether CEO Bobby Kotick stays after the deal closes, and addresses broader culture challenges in the gaming industry. ——– Like this video? Subscribe to Bloomberg Technology on YouTube: https://www.youtube.com/channel/UCrM7B7SL_g1edFOnmj-SDKg Watch the latest full
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Nate Tepper first went to Alcoholics Anonymous (AA), an international program dedicated to helping people recover from alcoholism with a 12-step program, in the heart of the COVID-19 pandemic. He didn’t show his face or share his story, but says that being in the presence of vulnerability was immensely impactful. Following the recommended level of
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The U.K.’s Competition and Markets Authority (CMA) has formally cleared the proposed $8.1 billion merger between cybersecurity giants NortonLifeLock and Avast, a month after provisionally greenlighting the deal. The merger has been hanging in the balance since plans were first revealed last August. The CMA revealed in March that it was launching an investigation, stating
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