Month: November 2022

Crypto exchange Kraken cuts 1,100 jobs

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Crypto exchange Kraken today announced it’s letting go of 1,100 staffers. The announcement came from a company blog post and follows similar news from DoorDash that it was also cutting staff. News that Kraken is cutting staff — and therefore costs — is not a surprise, given a generally gloomy macroeconomic climate and even worse climes … Read more

Jack Dorsey’s Bitcoin project TBD kills its plan to trademark ‘Web5’

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A plan which would see a corporate entity trademark the term “Web5” has been put to rest after much backlash. Late Tuesday night, TBD, the Bitcoin-focused division of Jack Dorsey’s payments company Block (formerly Square), announced an ill-thought-out plan to trademark the term, which refers to its vision for a decentralized, privacy-focused iteration of the … Read more

Series A rounds are looking a little crunchy in the United States

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Earlier this month, TechCrunch argued that startups looking to raise a Series C round were facing a uniquely difficult fundraising threshold. As Series Cs can be considered the first “late” startup stage, companies looking to raise the particular tranche appear to be running into backwash from the public markets, where tech valuations have come down … Read more

Spend management platform Teampay expands partnership with Mastercard, raises $47M

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In 2016, Andrew Hoag, formerly a senior manager at Verisign and a web project lead at NASA’s Ames Research Center, founded Teampay, a platform that attempts to automate the software purchasing process for companies. Hoag’s insight was that the way businesses spend money is changing, particularly as they embraced digital transformation, and that visibility into … Read more

Adtech antitrust class damages claim filed against Google in UK — seeking up to $16.3BN

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Litigation against Google and its parent entity Alphabet being brought in the U.K. on behalf of thousands of digital publishers — seeking up to £13.6 billion (~$16.3 billion) in damages on their behalf for alleged anti-competitive behavior related to Google’s adtech practices — has been filed with the Competition Appeal Tribunal (CAT). “The claim alleges … Read more

Honda is the latest automaker to bring hands-free highway driving tech to the US

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Image: Honda Honda will bring its hands-free highway driver-assist technology to the US by the end of the decade, making it the latest automaker to offer partially automated driving tech to customers. Honda Sensing, the company’s Level 2 advanced driver-assist system (ADAS), is already available to car owners who have opted to add the feature … Read more