The scourge of job title inflation
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Daily Crunch: Thoma Bravo buys Coupa Software for $8B, but will that price satisfy shareholders?
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. It’s the most wonderful time of the year. Of course, we are referring to that time of year when all the startup chaos continues apace, and we are just hanging on for … Read more
Max Q: That’s a wrap
Hello and welcome back to Max Q! Thanks for everyone who came to TC Sessions: Space in Los Angeles on December 6. I even had the pleasure of meeting a few Max Q readers — fair to say, one of the highlights of the event. In this issue: SpaceX debuts defense-focused business line Slingshot’s new … Read more
Twitter Blue is back, letting you buy a blue checkmark again
Would you pay for Twitter? | Illustration by Alex Castro / The Verge Elon Musk’s $8-per-month Twitter Blue subscription with verification is officially available, and you’ll need a verified phone number to sign up. In a thread on Twitter, the platform notes that Blue will cost $11 per month if you sign up on iOS … Read more
Here’s where you can buy a PS5
Getting a PlayStation 5 no longer has to be an uphill battle. Thanks to the increased availability of Sony’s next-gen console, there are multiple options for bringing home a PS5. While availability is sometimes limited to bundles that come packaged with a game, this is still a great opportunity to bring home a console relatively … Read more
Brazil could cement its status as an economic leader thanks to 2024 CBDC move
Brazil is set to launch a Central Bank Digital Currency (CBDC) in 2024, a move that could contribute to its status as an economic leader in South America.
US Senators Rebuke Sam Bankman-Fried for Refusing Invitations to Testify
Former FTX CEO Sam Bankman-Friend has rebuffed attempts from the top members of the Senate Banking Committee to get him to testify, despite a willingness to participate in several other interviews and a similar hearing in the House of Representatives.
Polygon’s NFT Market Demonstrates Signs of Significant Increased Adoption, but Not Growth in Sale Volume, Nansen Data Shows
Amid a crypto winter exacerbated by the FTX fallout, first-time and returning buyers have reached all-time highs in Polygon’s non-fungible token market. Yet, sales volumes are near all-time lows.
Only a quarter of US iPhones are sold through Apple
September is now an unofficial free iPhone bonanza. | Photo by Amelia Holowaty Krales / The Verge A new report from CIRP says that only about 24 percent of recent iPhones purchased in the US were sold directly by Apple. Instead, the most popular way to buy a new iPhone was through a wireless carrier, … Read more
Where did software go wrong? (2020)
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Crypto Markets Today: Binance a Target of Federal Probe
Industry woes widened on Monday with a Reuters report that U.S. prosecutors are considering criminal charges against Binance and individual senior executives, including CEO Changpeng Zhao. Crypto Markets Today is CoinDesk’s daily newsletter diving into what happened in today’s crypto markets.
$75M worth of FTX’s political donations at risk of being recalled due to bankruptcy: Report
To distance themselves from the failed exchange, some politicians have already resorted to donating funds they received from FTX to charity.
Snyk scores another $196M as valuation drops 12% to $7.4B
Snyk hasn’t been afraid to take money over the years, scoring an ever larger investment haul with each passing round, and with each one has come a correspondingly large valuation increase. This time, that particular streak ended, but Snyk snagged another $196.5 million investment with its valuation down about 12% to $7.4 billiion since its … Read more
A Century of Serious Difficulty
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FTX was an ‘utter failure of corporate controls at every level of an organization’, says CEO
Countering some of SBF’s claims, John Ray said that “FTX US was not operated independently of FTX.com” and a Chapter 11 filing was necessary to avoid a bank run.
Coinbase report shows dramatic increase in law enforcement enquiries worldwide
The crypto exchange says the overall number of enquiries is up 66%, with the United States producing the most by far; the U.S., and three European countries made 80% of all requests.
Bitcoin’s bear market is far from over, but data points to improving investor sentiment
Crypto investor sentiment saw a slight upswing, but the potential of a deep liquidity crisis in the sector could keep investors at bay.
The best deals under $25 that make great gifts
Skullcandy’s Jib True may not be the best wireless earbuds you can buy, but they’re hard to beat as a stocking stuffer. | Photo by Chris Welch / The Verge Once December gets going, it starts to feel like time quickly accelerates, and before you know it, your remaining holiday gift shopping starts bumping up … Read more
SEC Strikes Back in Grayscale Suit Over GBTC ETF Conversion
The SEC is holding firm that its decision to reject Grayscale’s bitcoin ETF bid was proper.
Terra Validators Grant $900K to Security Auditor SCV
SCV will try to maintain a “bare minimum” of security across the Terra ecosystem.
Meta unplugs Connectivity division, home of satellite and drone internet experiments
Meta has quietly re-absorbed the resources of its “Connectivity” division, the company confirmed. For nearly 10 years this was the home of the former Facebook’s experimental internet and telecoms efforts, from satellites (exploded) to drones (crashed) to apps (disputed) and other more traditional infrastructure (appreciated and ongoing). As first noted by Light Reading, Meta Connectivity’s … Read more
In the Wake of Collapse, FTX Fortune Cookies Are Still on the Menu
The partnership between a fortune cookie advertising agency and the bankrupt crypto exchange is an unfortunate relic of the past.
All signs point to IT spending rising in 2023
You don’t need to be a genius to see that we are in a period of great economic uncertainty. For startups, however, a key predictor of future results is the direction of IT spending, something that we can track. When companies are spending money on tech, the reasoning goes, both established and younger companies should … Read more
Argo Blockchain reports insufficient funds, ‘no assurance’ it can avoid Chapter 11 bankruptcy
According to the mining firm, “inadvertently published materials” led to the suspension of trading of Argo Blockchain on the London Stock Exchange and Nasdaq on Dec. 9.