Crypto

FTX US deal with troubled crypto lender BlockFi floats acquisition with ‘up to’ $240M purchase price – TechCrunch

Source link Sam Bankman-Fried’s FTX is taking advantage of rampant instability in the crypto lending market to assert itself while propping up major institutions. The...

YC makes a Product Hunt, Product Hunt makes an a16z, a16z makes a YC – TechCrunch

Source link Tech innovation is a cycle, especially in the main character-driven world of early-stage venture capital and copycat nature of startups. The latest proof?...

Reddit acquires natural language processing company MeaningCloud – TechCrunch

Source link Reddit announced Friday that it’s acquiring MeaningCloud, a natural language processing company, for an undisclosed amount. The MeaningCloud team has joined Reddit...

Valkyrie CEO says suing US SEC for a spot bitcoin ETF ‘isn’t likely to succeed’ – TechCrunch

Source link Earlier this week, the U.S. Securities and Exchange Commission rejected two applications for bitcoin spot exchange-traded funds (ETFs). One of the firms,...

The end of a second straight month of layoffs in tech – TechCrunch

Source link June brought another wave of layoffs in tech, with cuts impacting roughly the same number of employees as May: 16,000 employees, according...

Sequoia Capital reportedly raising two funds, and despite slower VC environment, it’s not alone – TechCrunch

Source link Venture capital investments may be slower, but that seems to be giving venture capital firms some time to go out and raise...

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