Tuesday, March 5, 2024

Bitcoin hits new all-time high passing $69,000 for first time since November 2021

It’s been a busy year so far for bitcoin, the largest cryptocurrency by market capitalization, and it’s only March. The digital asset hit a new all-time high for the first time since November 2021 when it passed $69,000 on Tuesday morning, as demand surged in recent weeks following the spot bitcoin ETF approvals in the […]

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Monzo, the UK challenger bank with 9 million customers, raises $430 million

London-based fintech company Monzo raised a late stage funding round of $430 million (£340 million), confirming a report from the Financial Times from a few weeks ago. Following this round, the company has reached a post-money valuation of $5 billion (£4 billion). Founded in 2015, Monzo provides UK current accounts, debit cards and several financial […]

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Ubicloud wants to build an open source alternative to AWS

Using the large cloud computing providers is convenient, but not exactly cheap. Ubicloud, a new startup founded by the team behind Citus Data, which Microsoft acquired in 2019, wants to change the dynamics by offering a layer of core cloud computing services on top of affordable bare-metal servers from providers like Hetzner, OVH Cloud, Leaseweb […]

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Monday, March 4, 2024

Multiverse helped bank quants speed up their work; now it’s targeting LLM leviathans

We’re still years away from seeing physical quantum computers break into the market with any scale and reliability, but don’t give up on deep tech. The market for high-level quantum computer science — which applies quantum principles to manage complex computations in areas like finance and artificial intelligence — appears to be quickening its pace. […]

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With $16M in fresh funds, Whistleblower Software rebrands and expands into compliance

Danish startup Whistleblower Software is rebranding as Formalize as it expands into the broader compliance software sphere — and it has raised a fresh €15 million ($16 million) to fund the expansion. The announcement comes as the compliance software market has exploded, due in large part to growing regulatory pressure — and investors have taken […]

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Catalog is building the B2B commerce platform for small companies

When you think about commerce platforms, chances are the first names that come to mind are big names like Adobe Commerce or Salesforce Commerce Cloud. Large companies processing millions of orders already have a technological solution to manage their operations. But small companies that are handling $5 million or $20 million in sales volume per […]

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Indian firms begrudgingly comply with Google Play rules while seeking regulatory intervention

Indian firms whose apps were delisted by Google last week have begrudgingly started to comply with Play Store billing rules to get their apps back on the store. Apps like Shaadi, Matrimony.com, and Bharat Matrimony were restored after being removed from the Play Store Friday. Other apps to return include Info Edge’s Naukri and 99acres, […]

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Former Twitter CEO sues Elon Musk

Another day, another lawsuit involving Elon Musk. Four former Twitter executives, including ex-CEO Parag Agrawal, sued Musk on Monday, alleging that they’re owed over $128 million in severance payments. When Musk bought Twitter (now X), one of his very first moves as the company’s owner was to fire Agrawal, CFO Ned Segal, and lawyers Sean […]

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Elon Musk switched on X calling by default: Here’s how to switch it off

In his quest to turn a simple and functioning Twitter app into X, the everything app that doesn’t do anything very well, Elon Musk launched audio and video calling on X last week — and this new feature is switched on by default, it leaks your IP address to anyone you talk with, and it’s […]

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Shure enters the wireless lav mic business

Consumer lapel mics are one of the more interesting consumer electronics trends of recent years. Prior to this, lavalier microphones and their ilk were largely the domain of professional film crews. While some plug-in solutions have emerged for smartphones over the years, it wasn’t until recently that one could purchase an affordable set to capture […]

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TechCrunch Space: Good night, Odysseus

Hello and welcome back to TechCrunch Space. SpaceX is launching its Transporter-10 rideshare mission today. These are always really fun to track because they carry dozens of payloads, including from many startups. This mission will include satellites from Apex Space, Unseen Labs, Care Weather, True Anomaly and others. God speed! Want to reach out with […]

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Airbnb has a new label to denote its top (and worst) listings

Airbnb already has labels like “Guest favorites” and “Superhost” to indicate the quality of a property or the host. Now the company is adding a new label for the top 25% and top 1% properties on the listing page. Usually, Airbnb releases updates twice a year with so-called winter and summer releases. But this time, […]

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Mews, the hotel SaaS startup, books $110M at a $1.2B valuation

Tourism continues to bounce back in the wake of Covid-19, with 2023 raking in $2.23 trillion globally, surpassing pre-pandemic levels for the first time since 2020. That’s having a big knock-on effect for startups building tech to serve the sector. Mews, one of the startups building tools to help hotels manage IT better is announcing […]

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TikTok launches data portability API ahead of Europe’s DMA regulatory deadline

TikTok is introducing a data portability API to help it comply with new European regulations designed to rein in Big Tech’s market dominance through various obligations and restrictions. The European Union (EU) assigned “gatekeeper” status to six tech companies last September, with TikTok parent Bytedance placed in the regulatory firing line alongside Alphabet, Amazon, Apple, […]

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