Only 1% of people can handle crypto self-custody right now: Binance CEO
Changpeng Zhao’s comments come as billions of dollars of stablecoins continue to flow out of the Binance exchange.
Mews books $185M for its SaaS-based hotel management platform
The Covid-19 pandemic grounded travel and tourism to a halt, but as those sectors pick up speed again, so too are the more promising startups in them raising money to keep up. Today, a startup called Mews — which provides a cloud-based hotel property management platform with tools covering reservations, payments, and more — announced … Read more
Plugo, an e-commerce support platform for D2C brands in Southeast Asia, picks up $9M Series A
Singapore-headquartered startup Plugo has secured $9 million in a Series A funding round. The company offers a complete spectrum of e-commerce support services for direct-to-consumer (D2C) brands, from making a website, setting up a payment system, and managing marketing to handling shipping, warehousing, and logistics. In other words, Plugo enables D2C merchants to focus on … Read more
OECD adopts declaration on trusted government access to private sector data
A notable development for the fraught issue of cross-border data flows from the Organisation for Economic Co-operation and Development (OECD) Wednesday: After two years of closed-door discussions, the intergovernmental organization has adopted a declaration on government access to data held by private sector entities. The declaration, which has been adopted by the 38 OECD countries … Read more
Resident Evil Village’s VR mode will launch alongside Sony’s PSVR2 as a free update
I think Lady Dimitrescu will be very scary in VR. | Image: Capcom Resident Evil Village’s VR mode will be available on the PlayStation VR 2 the same date Sony’s new VR hardware launches in February, Capcom announced on Wednesday. And even better, it’s being added as a free update for owners of the game. … Read more
First Mover Asia: Bitcoin’s Strong Correlation to ‘Dr. Copper’ Grows Healthier; Bitcoin Seesaws Back to $17.8K
Over the past week, the correlation between the red metal and cryptocurrency has grown tighter, which bodes well for investors. But a strengthening U.S. dollar may suggest a less rosy future.
Maple Finance 2.0 overhaul aimed at speeding up the defaulting process
The overhaul of the protocol, dubbed “Maple 2.0” comes only weeks after the platform saw two major defaults on the back of FTX’s collapse.
Parsing LastPass’ data breach notice
Two weeks ago, the password manager giant LastPass disclosed its systems were compromised for a second time this year. Back in August, LastPass found that an employee’s work account was compromised to gain unauthorized access to the company’s development environment, which stores some of LastPass’ source code. LastPass CEO Karim Toubba said the hacker’s activity … Read more
Twitter restored ElonJet account
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Daily Crunch: Twitter backpedals on CEO’s promise, permanently bans user who tracked his private jet
To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Hello, and happy Wednesday! As I write this, I am also enjoying a virtual “holiyay” celebration with my fellow TechCrunchers. Haje is leaving on a jet plane, but he’ll be back tomorrow. … Read more
Frustration and anger after SPV platform Assure dumps users at the curb ahead of holidays
Over the last decade or so, the once-clubby world of startup investing has been cracked open wide by a number of innovations, including special purpose vehicles (SPVs), which are essentially pop-up venture funds that come together quickly with monies from all kinds of accredited investors — from institutions to VCs to dentists — to nab … Read more
Apple’s Emergency SOS via satellite prompts rescue after car goes off a cliff north of LA
Apple’s new “Emergency SOS” service that lets off-grid iPhone users call for help via satellite has led to what may very well be its first successful rescue operation, certainly the first to be documented live. As related by the Montrose Search & Rescue Team, which conducted the operation, two people were in a vehicle driving … Read more
Google’s making code formatting a breeze in Docs
Code blocks in Docs. | Illustration: The Verge Google Docs is getting a new feature that will make it easier to show code in an easy-to-understand way. The company announced that it’s adding code blocks to its “smart canvas” system, which will automatically add the proper spacing and color-coding for a variety of programming languages, … Read more
Twitter bans @ElonJet’s creator and links to other Elon Jet trackers
Twitter doesn’t seem to like the jet-tracker’s creator. | Illustration by Alex Castro / The Verge Hours after suspending @ElonJet, an account that tracked the trips taken by Elon Musk’s private plane, Twitter has now banned the account’s creator, Jack Sweeney. Twitter is also blocking links to versions of the tracker on other platforms, like … Read more
Crypto Markets Today: US Regulation Heats Up; Bitcoin Rises, Then Falls
Top cryptocurrencies lost earlier gains after the Federal Reserve signals interest rates to keep rising well into 2023. Crypto Markets Today is CoinDesk’s daily newsletter diving into what happened in today’s crypto markets.
How researchers recorded the sounds of a Martian dust devil for the first time
A dust devil captured by instruments on the Perseverance rover. From the study authors: “These are images taken of the direct dust devil encounter by the rover’s Navigation Camera (Navcam). The images have been processed to show the quantity of dust. The colour scale ranges from lowest dust content (blue) to highest dust content (yellow).” … Read more
Bitcoin Miner CleanSpark Cuts 2023 Hashrate Outlook by Nearly 30%
The miner cited delays in building out a mining facility by one of its partners, Lancium.
After FTX: Explaining the Difference Between Liquidity and Insolvency
Did FTX fall because of a “liquidity crisis” or a “run on the bank,” or was it insolvency? The language matters, says Frances Coppola.
After Sam Bankman-Fried’s Arrest, the FTX Show Goes On
Strap in folks: It’s a big week. Former FTX CEO Sam Bankman-Fried and current FTX CEO John J. Ray III were supposed to speak to the House Financial Services Committee. Obviously, things didn’t quite work out that way.
Bitcoin retraces intraday gains as bears aim to pin BTC price under $18K
BTC bears are positioned to profit from this week’s Bitcoin options expiry, especially if price stays below $18,000.
SBF’s Bahamian prison reported for ‘harsh’ conditions and ‘degrading treatment’ — US State Dept
Bahamian Commissioner of Correctional Services Doan Cleare reportedly said that most of the facilities had been renovated since 2021 and now had no “issues with rodents.”