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By
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Christine Hall
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<p style="color: #5a5a5a; font-size: 18px; line-height: 28px; margin: 0;">
Wednesday, July 06, 2022
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Greetings, and happy Wednesday! I had to check the calendar before I said the day because does anyone really know what day it is anymore?
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Amanda
</a>
had me cracking up with her
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
story on waiting for a new release of Nintendo Switch
</a>
, only to have the news be something else. I also enjoyed the latest Equity podcast where
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Natasha
</a>
and
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Alex
</a>
discussed why everyone is copying off each other. Anyway, big tech and crypto news dominated our homepage today, so I have a lot of that for you. Let’s get started! —
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Christine
</a>
</p>
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Image Credits: Joe Raedle / Getty Images
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The TechCrunch Top 3
</h2>
<ul style="font-family: Helvetica, Arial;font-weight: normal;font-size: 19px;color: #333;line-height: 1.5em;padding-left: 20px;margin-bottom: 20px">
<li style="margin-bottom: 8px">
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
<strong>
When one falls, another falls
</strong>
</a>
:
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Manish
</a>
is on a roll this week, writing another top story, this time about Voyager Digital, a crypto broker, filing for bankruptcy. It seemed to be a domino effect for the company, which cited
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Three Arrows Capital’s bankruptcy
</a>
announcement from last week as one of the factors. Seems Three Arrows owed Voyager Digital some $650 million. Not chump change for sure.
</li>
<li style="margin-bottom: 8px">
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
<strong>
Scraping by
</strong>
</a>
: Meta is suing Octopus Data, the U.S. subsidiary of a Chinese company alleging this company offered data-scraping services for Facebook and Instagram,
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Paul
</a>
reports. So you don’t have to look that up, data scraping is a means of using automated tools to gather data from websites “en masse.” Paul says this is particularly timely as a U.S. court “
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
reaffirmed an earlier ruling that web scraping is legal
</a>
” less than 3 months ago. Back to the drawing board they go.
</li>
<li style="margin-bottom: 8px">
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
<strong>
Biting into food delivery
</strong>
</a>
: Amazon is trying a new approach to not only get a foot into restaurant delivery, but also attract more Prime members. The marketplace giant is partnering with Grubhub to offer free membership to Grubhub+ (everyone has a “plus,” huh?) for 1 year,
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Ingrid
</a>
writes.
</li>
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Startups and VC
</h2>
<p style="font-family: Helvetica, Arial;text-align: left;color: #333;font-size: 19px;line-height: 27px;margin: 0;margin-bottom: 15px">
It seems that
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Bolt and Authentic Brands Group, Forever 21’s parent company, have kissed and made up
</a>
. Authentic was initially suing Bolt with claims that Bolt had not delivered the one-click checkout technology that was promised, which resulted in the company missing out on some $150 million in sales.
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Mary Ann
</a>
reports that the suit was settled “amicably,” and Authentic is now even a shareholder. That was some negotiation.
</p>
<p style="font-family: Helvetica, Arial;text-align: left;color: #333;font-size: 19px;line-height: 27px;margin: 0;margin-bottom: 15px">
Crypto gaming startup
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Cauldron closed on $6.6 million
</a>
toward the goal of becoming the “Pixar of web3,”
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Jacquelyn
</a>
writes. The company told her it wants to do more storytelling and create a legacy with its Project Nightshade game à la how Pixar did with “Toy Story.” To infinity and beyond!
</p>
<p style="font-family: Helvetica, Arial;text-align: left;color: #333;font-size: 19px;line-height: 27px;margin: 0;margin-bottom: 15px">
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Celus wants to automate the way circuit boards are designed
</a>
and picked up $25.6 million in new capital to leverage its artificial intelligence technology so that a printed circuit board could be redesigned in a matter of minutes,
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Paul
</a>
writes.
</p>
<p style="font-family: Helvetica, Arial;text-align: left;color: #333;font-size: 19px;line-height: 27px;margin: 0;margin-bottom: 15px">
What else have we got? Here’s some more:
</p>
<ul style="font-family: Helvetica, Arial;font-weight: normal;font-size: 19px;color: #333;line-height: 1.5em;padding-left: 20px;margin-bottom: 20px">
<li style="margin-bottom: 8px">
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
<strong>
This fund is on fire
</strong>
</a>
:
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Rita
</a>
writes about Bonfire Union, Mask Network’s venture arm, and its first fund of $42 million to “invest in web3 like Tencent does in web2.” Oh, and she also wrote about
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Nothing and its Black Dot NFT
</a>
.
</li>
<li style="margin-bottom: 8px">
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
<strong>
Everyone deserves digital
</strong>
</a>
: I wrote about Finli, a startup that raised $6 million in new funds to continue developing its payment management app for service-based businesses.
</li>
<li style="margin-bottom: 8px">
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
<strong>
An apple for the teacher
</strong>
</a>
: Online testing software startup Azota took in $2.4 million to assist Vietnam’s teachers in creating and grading tests,
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Catherine
</a>
writes.
</li>
<li style="margin-bottom: 8px">
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
<strong>
At it again
</strong>
</a>
:
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Kate
</a>
reported that Korean telecom company KT definitely liked what it saw in Rebellions, an AI chipmaker. The startup got another $22.8 million funding from KT just a month after
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
KT poured $50 million
</a>
into it.
</li>
<li style="margin-bottom: 8px">
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
<strong>
Blop, blop, fizz, fizz
</strong>
</a>
:
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Jordan
</a>
spoke with Wonderbelly founders Noah Kraft and Lucas Kraft, the Doppler Labs founder, to discuss the antacid startup’s new $3.3 million funding and its mission to take on Tums.
</li>
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<h2 style="text-align: left; font-size: 25px; color: #14c435; margin: 0; padding-bottom: 10px;">
<a style="color: #14c435; text-decoration: none" target="_blank">
Dear Sophie: How can we transfer a candidate’s H-1B and green card?
</a>
</h2>
<p style="font-family: Helvetica, Arial;text-align: left;color: #333;font-size: 19px;line-height: 27px;margin: 0;margin-bottom: 15px">
Dear Sophie,
</p>
<p style="font-family: Helvetica, Arial;text-align: left;color: #333;font-size: 19px;line-height: 27px;margin: 0;margin-bottom: 15px">
My startup needs to hire an AI expert, and our top candidate has a complicated immigration situation. She’s from India and has been on an H-1B for more than 6 years. Her current employer applied for an EB-2 green card on her behalf about 4 years ago through the PERM process. She’s been waiting for a green card number since she was approved and says it may take several more years before she receives it.
</p>
<p style="font-family: Helvetica, Arial;text-align: left;color: #333;font-size: 19px;line-height: 27px;margin: 0;margin-bottom: 15px">
She is asking us to transfer her H-1B and green card to our company. Can we do it? Do we have additional options to retain her?
</p>
<p style="font-family: Helvetica, Arial;text-align: left;color: #333;font-size: 19px;line-height: 27px;margin: 0;margin-bottom: 15px">
— Advancing AI
</p>
<p style="font-family: Helvetica, Arial;text-align: left;color: #333;font-size: 19px;line-height: 27px;margin: 0;margin-bottom: 15px">
<em>
(TechCrunch+ is our membership program, which helps founders and startup teams get ahead.
</em>
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
<em>
You can sign up here
</em>
</a>
<em>
.)
</em>
</p>
<p style="text-align: left; color: #333; font-size: 19px; font-weight: bold; line-height: 26px; margin: 35px 0 15px;">
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Read More
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<img alt="Dear Sophie: How can we transfer a candidate’s H-1B and green card? image" class="img-max" src="https://inboxflows.com/_/image/https%253A%252F%252Ftechcrunch.com%252Fwp-content%252Fuploads%252F2022%252F04%252Fdear-sophie-immigration-maze-3-copy.jpg%253Fw%253D680/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZ0ZWNoY3J1bmNoLiJ9:1o9D6b:-930MIfe4KdXviKwp2O-hUOY0okSYsVmqsfsqmy3Bro" style="display: block; font-family: sans-serif; font-size: 16px; color: #fff; height: auto;" width="600"/>
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Image Credits: Bryce Durbin/TechCrunch
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Big Tech Inc.
</h2>
<p style="font-family: Helvetica, Arial;text-align: left;color: #333;font-size: 19px;line-height: 27px;margin: 0;margin-bottom: 15px">
More crypto to see here!
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Jacquelyn
</a>
does a deep dive into the
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
second quarter’s cryptocurrency company losses
</a>
, which are down 52% from the same period last year.
</p>
<p style="font-family: Helvetica, Arial;text-align: left;color: #333;font-size: 19px;line-height: 27px;margin: 0;margin-bottom: 15px">
Meanwhile,
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Kyle
</a>
writes that
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
IBM acquired Databand
</a>
for its observability capabilities in helping “customers better identify and fix data issues including errors, pipeline failures and poor quality.”
</p>
<p style="font-family: Helvetica, Arial;text-align: left;color: #333;font-size: 19px;line-height: 27px;margin: 0;margin-bottom: 15px">
In cybersecurity news, hotel giant
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Marriott found itself on the wrong side of another data breach
</a>
,
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Carly
</a>
writes. She also laid out a claim by the U.S. government that
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
North Korean hackers are targeting some of the country’s healthcare organizations
</a>
with their ransomware. Meanwhile,
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Zack
</a>
reports that
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Apple’s new lockdown mode
</a>
“will switch off certain features aimed at helping targeted individuals combat government-grade spyware.”
</p>
<ul style="font-family: Helvetica, Arial;font-weight: normal;font-size: 19px;color: #333;line-height: 1.5em;padding-left: 20px;margin-bottom: 20px">
<li style="margin-bottom: 8px">
<strong>
Do you want a ride?
</strong>
In automobile news,
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Jaclyn
</a>
reported on
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Rivian’s goal
</a>
of delivering 25,000 vehicles this year and
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
whether Polestar can pull off a SPAC
</a>
where other electric vehicles have failed. She also covered a
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
lawsuit brought against Tesla
</a>
by some former workers who say they shouldn’t have to sign a release in exchange for lower severance than federal law provides. Then
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Harri
</a>
discussed the highs and lows of
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Tesla’s solar trailer
</a>
.
</li>
<li style="margin-bottom: 8px">
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
<strong>
Activision’s blizzard ahead
</strong>
</a>
: The U.K.’s Competition and Markets Authority has launched an antitrust investigation into Microsoft’s $69 billion proposal to acquire Activision to see if it will reduce competition with any U.K. goods or services,
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Ingrid
</a>
reports.
</li>
<li style="margin-bottom: 8px">
<strong>
Here’s your delivery
</strong>
: Amazon isn’t alone in its food delivery efforts.
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Aisha
</a>
writes that Walmart is making its
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
InHome grocery delivery service part of Walmart+
</a>
(see? Told you.) as an optional add-on. Meanwhile, the
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
European Union is looking at Delivery Hero and Glovo
</a>
with regard to antitrust inspections,
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Natasha
</a>
reports.
</li>
<li style="margin-bottom: 8px">
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
<strong>
Speaking of inspections
</strong>
</a>
:
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Ivan
</a>
writes that India’s anti–money laundering agency raided Vivo’s offices.
</li>
<li style="margin-bottom: 8px">
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
<strong>
Time to drool
</strong>
</a>
:
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Brian
</a>
tempts us with pictures of the new M2 MacBook Air.
</li>
</ul>
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Newest Jobs from Crunchboard
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<li style="margin-bottom: 8px;">
<a style="font-family: Helvetica, Arial; color: #333; font-weight: bold; text-decoration: none;">
Information Technology Supervisor at Montgomery County, MD Government (Wheaton-Glenmont, MD, USA)
</a>
</li>
<li style="margin-bottom: 8px;">
<a style="font-family: Helvetica, Arial; color: #333; font-weight: bold; text-decoration: none;">
Senior Manager, Consulting and Training at Purdue University (West Lafayette, IN, USA)
</a>
</li>
<li style="margin-bottom: 8px;">
<a style="font-family: Helvetica, Arial; color: #333; font-weight: bold; text-decoration: none;">
Product Engineer at Dizzion (Anywhere)
</a>
</li>
<li style="margin-bottom: 8px;">
<a style="font-family: Helvetica, Arial; color: #333; font-weight: bold; text-decoration: none;">
Senior Java Developer at Dizzion (United States)
</a>
</li>
<li style="margin-bottom: 8px;">
<a style="font-family: Helvetica, Arial; color: #333; font-weight: bold; text-decoration: none;">
Network Administrator at City of Commerce City (Commerce City, CO, USA)
</a>
</li>
</ul>
<p style="margin-top: 50px; margin-bottom: 30px; text-align: center; font-family: Helvetica, Arial;">
<a style="color: #14c435; text-decoration: none; font-size: 22px; font-weight: bold;">
See more jobs on CrunchBoard
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and reach millions of TechCrunch readers for only $200 per month.
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3 years ago - newsletter@techcrunch.com
After filing for bankruptcy, crypto lender Voyager Digital says it will 'maintain operations'
TechCrunch Newsletter By Christine Hall Wednesday, July 06, 2022 Greetings, and happy Wednesday! ...