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Fintech Klarna reportedly raising at a $6.5B valuation, giving new meaning to the phrase...

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In a sign of the times, Swedish buy now, pay later giant Klarna is reportedly close to inking a new round of funding that would slash its valuation to $6.5 billion — about 1/7 of what the company was...

OpenSea’s $13B valuation doesn’t make sense as NFT trading volumes plunge – TechCrunch

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It may feel like it’s been a few years since OpenSea announced the funding round that pushed its valuation to the $13 billion mark. It was January. At the time, this column dug into the company’s financial performance and came...

FDA won’t require lengthy clinical trials for COVID-19 boosters – TechCrunch

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Future COVID-19 vaccine boosters won’t have to go through a traditional, lengthy clinical trial process to attain emergency use authorization in the U.S., according to a report in Reuters. An agency official, speaking to the publication today, said that...

China’s new Mars images show off the country’s robust (but secretive) space program –...

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With a $24 billion budget and dozens of active, high-profile missions, it’s not surprising that NASA is the most visible of the dozens of government space agencies in the world. But China’s space program is a rapidly developing superpower...

FTX US deal with troubled crypto lender BlockFi floats acquisition with ‘up to’ $240M...

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Sam Bankman-Fried’s FTX is taking advantage of rampant instability in the crypto lending market to assert itself while propping up major institutions. The company’s U.S.-based arm has a deal in place with troubled crypto lender BlockFi that gives them the...

Reddit acquires natural language processing company MeaningCloud – TechCrunch

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Reddit announced Friday that it’s acquiring MeaningCloud, a natural language processing company, for an undisclosed amount. The MeaningCloud team has joined Reddit and will support machine learning projects across its product, safety and ads teams. The acquisition marks Reddit’s...

Valkyrie CEO says suing US SEC for a spot bitcoin ETF ‘isn’t likely to...

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Earlier this week, the U.S. Securities and Exchange Commission rejected two applications for bitcoin spot exchange-traded funds (ETFs). One of the firms, Grayscale Investments, responded by filing a lawsuit against the agency. But not everyone is convinced that it’ll...

The end of a second straight month of layoffs in tech – TechCrunch

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June brought another wave of layoffs in tech, with cuts impacting roughly the same number of employees as May: 16,000 employees, according to tracker layoffs.fyi. Another layoff aggregator from TrueUp paints a more dire picture, counting 26,000 impacted employees...

Sequoia Capital reportedly raising two funds, and despite slower VC environment, it’s not alone...

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Venture capital investments may be slower, but that seems to be giving venture capital firms some time to go out and raise funds of their own. Sequoia Capital is the latest to reportedly be raising two new U.S.-focused funds, valued...

I want to forget Elon’s dumb $420 tweet, but y’all won’t let me –...

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Elon Musk hasn’t tweeted in 10 days, but his Twitter account is once again news because time is a flat circle. This is why we must now scrunch our faces, cock our heads to one side and strain to recall...

Recent Posts

IUNU uses robots to keep an eye on greenhouse crops – TechCrunch

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Not going to lie, IUNU (pronounced “you knew”) is not the easiest name (further confusing matters is the presence of a robot called “LUNA”)....

Zapt is now Trela; aims to remove the middleman from group food shopping –...

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People who purchase as a group, for anything from insurance to a group of neighbors fixing their fence, can often command a better purchase...

OMG, my Facebook was hacked! Here’s what to do – TechCrunch

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Even technically sophisticated friends are currently getting “hacked” on Facebook — here’s how to avoid it, and how to make sure your hacked account...

Moka.care raises $16 million for its corporate mental health service – TechCrunch

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French startup moka.care has raised a new $16 million Series A funding round (€15 million). The company is focused on mental well-being in the...

A third straight week of tech layoffs in the books – TechCrunch

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You thought the market was bad for venture capitalists, but what about the actual workers behind the tech companies they’ve backed? Reluctantly, we’re writing a...