Three Arrows Capital files for Chapter 15 bankruptcy, a move that protects its US assets while a liquidation is carried out in the British Virgin Islands
Crypto hedge fund Three Arrows Capital has filed for Chapter 15 bankruptcy, a move that protects its US assets while a liquidation is carried out in the British Virgin Islands.
Google plans to auto-delete user visits to medical facilities like abortion clinics, domestic violence shelters, and weight loss centers from location histories
Along with visits to other potentially sensitive locations — Google says it'll start automatically deleting visits to abortion clinics …
BlockFi says it agreed to an option to be acquired by FTX for up to $240M; the deal also includes a $400M revolving credit facility from FTX
Troubled crypto lender BlockFi said Friday that it agreed to an option to be acquired by FTX for up to $240 million.
In a letter to nine GOP senators, TikTok says China-based employees who clear internal security protocols can access certain information on TikTok's US users
TikTok, the viral video-sharing app owned by China's ByteDance Ltd., said certain employees outside the US can access information …
Biden to award a posthumous Medal of Freedom to Steve Jobs for changing the way the world communicates and transforming the computer, music, and film industries
” https://www.whitehouse.gov/... Harry McCracken / @harrymccracken : Jobs should surely have shared this honor with Woz. https://twitter.com/... Gabe Rivera / @gaberivera : one more thing... https://t...
After 3AC's collapse, centralized lenders with 3AC exposure had failed, while their decentralized counterparts liquidated collateral and continued operating
This current crypto nuclear bear market marks my third brush with generalised market carnage. And while they can sometimes feel like reruns …
Meta rolls out NFT support on Facebook, letting select US creators display NFTs under a new tab on their profiles, after adding support to Instagram in May 2022
TechCrunch :
Sources: Klarna is nearing a deal to raise ~$650M mostly from existing investors led by Sequoia Capital at a ~$6.5B valuation, down from $45.6B in June 2021
The deal would be a huge comedown for the company, which investors valued at $45.6 billion in 2021
RadioShack, which was bought by a PE firm in 2020, has become an online cryptocurrency company trying to attract users with a stream of often-profane tweets
Gen Z may not be familiar with the RadioShack of their grandparents, but they're getting to know its replacement.
Meta will shut down Novi, its digital wallet pilot, on September 1; users will no longer be able to add money to their accounts starting July 21
The remainder of the cryptocurrency project that Meta Platforms Inc.'s Founder Mark Zuckerberg took a beating over from Congress is officially shutting down.
Voyager Digital temporarily suspends trading, deposits, and withdrawals citing market conditions, after issuing a default notice to 3AC in June on a ~$650M loan
- “This was a tremendously difficult decision, but we believe it is the right one given current market conditions,” CEO Stephen Ehrlich said in a statement.
The EU agrees on new crypto rules, including measures guarding against market abuse and requiring crypto firms to disclose environmental impacts of their assets
and it's the EU leading on the regulatory frameworks that will likely play a role in setting the tone for the rest of the world. Denelle Dixon / @denelledixon : 3/4 The EU is setting high standards fo...
Apple will face a trial in the UK after failing to limit a consumer claim that it breached competition law by taking a 30% cut on app and in-app purchases
Jonathan Chadwick / Daily Mail :
PolySign, which provides blockchain-enabled digital asset infrastructure for institutional investors, has raised a $53M Series C from Cowen Digital and others
The funding round follows the firm's acquisition of fund administrator MG Stover in April. — Blockchain fintech firm PolySign …
Sources: at least 24 Azure data centers are operating with limited server capacity amid the global chip shortage that has made it harder to get new hardware
In March 2020, Microsoft's Azure cloud buckled under the strain of companies around the world shifting to remote work …
Google gave user data to Russian ad company RuTarget, including potentially sensitive info about users in Ukraine, four months after the US sanctioned RuTarget
Craig Silverman / ProPublica :
Former Apple lawyer Gene Levoff pleads guilty to insider trading; Levoff allegedly traded before quarterly earnings from 2011 to 2016 and was fired in 2018
The European Commission says Amazon agreed to drop “dark patterns” from the process required to unsubscribe from its Prime membership across its sites in the EU
Natasha Lomas / TechCrunch :
Google settles a lawsuit by agreeing in part to put $90M in a fund for US app developers who made $2M or less in annual Play Store revenue from 2016 to 2021
Twitter's recent takedowns in India may be fueled by new rules making its local chief compliance officer criminally liable for not meeting government demands
Observers say Twitter's recent takedowns in India highlight how new laws make it easier to censor journalists and dissidents. Tweets: @decka227 Tweets: Andrew Deck / @decka227 : The latest wave of cen...
IDC: global shipments for VR headsets jumped 241.6% during Q1 2022, with Meta capturing 90% of market share thanks to its Quest 2 headset
The Economic Times : Source: IDC Source: IDC : Meta's Dominance in the VR Market will be Challenged in the Coming Years, According to IDC
São Paulo-based Mottu, which rents motorcycles to delivery drivers and operates a delivery service, raised a $30M Series B and $10M in debt
a family foundation co-founded by Sequoia Capital Partner Michael Moritz — co-led the equity portion of the company's funding. Tiger Global Management participated https://techcrunch.com/...
Google updates its built-in password manager for Chrome and Android with the option to manually add passwords across all platforms, a unified design, and more
Jon Porter / The Verge :
London-based Omeda Studios, which is making a third-person action MOBA named Predecessor, raised a $20M Series A led by Haveli, after a $2.2M seed in March 2021
Jason McMaster / VentureBeat :
Shopify's new AI commerce stack
Their VP of Product digs into just-launched products to help entrepreneurs and developers build with the latest AI.
Email fatigue is real: Here's how smart email tools help you regain control
Picture this: It's Monday morning. You walk into the office feeling energized and ready to take on the week.
Protecting your Cloud Applications Data
Backing up Office 365, Google Workspace, Dropbox & Box data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.