Polkadot’s $245M Treasury Will Last 2 Years at Current Spending Rate
The blockchain spent $87 million in the first six months this year, with marketing activities accounting for the majority of expenses.
Month: July 2024
Industry Ventures raises a $900M fund for investing in small, early-stage VCs and their breakout startups
The venture fundraising trend in 2024 is fairly clear by now: Large, established VC firms are continuing to attract capital from limited partners, while smaller, newer funds are finding it more difficult to raise. But Industry Ventures’ latest fundraise should offer a dash of good news for emerging managers. On Tuesday, the 24-year-old firm announced … Read more
Husband-and-wife former Olympians target $50M for new fund to invest in influencer-led consumer brands
Samyr Laine and Ayanna Alexander-Laine now put their grit and determination to work for founders wanting to launch and scale consumer brands. © 2024 TechCrunch. All rights reserved. For personal use only.
As the AI boom gobbles up power, Phaidra is helping companies manage datacenter power more efficiently
Electricity demand is booming on account of AI. In a May 2024 report, Goldman Sachs predicted that data centers will use 8% of the U.S.’s total power supply by 2030, up from 3% in 2022, as cloud service providers expand to meet the demand for AI infrastructure. Assuming the current trend holds, U.S. utilities will need to … Read more
Sensorita uses digital twins to help waste management companies streamline construction waste
The amount of waste produced by the construction industry adds up to more than a third of the overall waste produced each year in the European Union. And it’s no better in the U.S. Stateside, the construction industry produces more than double the waste that households do each year. Sensorita wants to help the construction … Read more
Beauty tech startup Boldhue raises capital to ship its at-home custom makeup dispenser
Boldhue’s device essentially scans your face and dispenses a customized foundation formula that matches your skin tone. © 2024 TechCrunch. All rights reserved. For personal use only.
Why is Chile so long?
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New insights: Barbegal water mills
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Phosphor Icons
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German gov’t transfers another $52M Bitcoin, threatening more BTC selling pressure
The repeated Bitcoin transfers to centralized exchanges suggest that the government is planning to sell its $2.75 billion worth of BTC holdings.
First Mover Americas: Bitcoin Bulls Hopeful Entering July as ETFs Record $130M Inflows
The latest price moves in bitcoin (BTC) and crypto markets in context for July 2, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Robinhood Crypto Is Now Available in All US States, Including Puerto Rico and Virgin Islands
As Robinhood prepares to expand internationally, “it was making sense to finish what we started in the U.S.,” said Johann Kerbrat.
Worldcoin Hires Former Google, X and Apple Execs to Beef Up Privacy, Security
Tools for Humanity (TFH), a contributor to the Worldcoin project, hired four executives to advance its mission to ensure a more just economic system, the company said on Tuesday.
How random are TOTP codes?
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No, Denmark did not propose to ban self-custody wallets
The Danish Financial Supervisory Authority said the exemption of self-custodial wallets from MiCA doesn’t mean such wallets should be banned.
Indian edtech Unacademy cuts another 250 jobs
Indian edtech giant Unacademy is laying off about 250 employees, the latest in a series of layoffs since the reopening of schools across the country after the pandemic. The Bengaluru-headquartered startup, valued at $3.4 billion in its last funding in 2021, is cutting 100 jobs in core roles (marketing, business and product) and 150 in … Read more
Singapore ups crypto exchanges risk factor under new law update
The update aims to prevent Terrorist groups and organizations from exploiting Singapore’s economic openness as an international financial, business, and transport hub.
German Government Moves Another $17 Million Worth of Bitcoin to Exchanges
“This will result in short-term volatility as large transfers can cause short-term price fluctuations as traders react to the news,” an analyst said.
Cryptos, secondary BNB sales not securities: Federal court rules in Binance vs SEC case
In a major win for the crypto industry, a federal court ruled that crypto tokens are not securities.
Should the Hawthorn Be Saved?
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Bitcoin Is a Superior Safe-Haven in Current ‘Inflationary Era’, Says Arthur Hayes
Timing is everything. “If you bought Bitcoin at the recent all-time high,” he wrote, “you might feel like a beta cuck.”
Paxos Gains Singapore Approval for Stablecoin Issuance With DBS Providing Custody
The Monetary Authority of Singapore released its stablecoin framework last year.
Apple adds support for new languages across lock screen, keyboard and search on iOS 18
Apple unveiled iOS 18 last month at its Worldwide Developer Conference (WWDC). Since then, the company has released two developer betas in the last few weeks with extended support for multiple new languages across the lock screen, Siri, keyboard, and search on iOS 18. With the new update, you can now customize the lock screen … Read more