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Tech News

  • Posted on March 11, 2023

On cloud marketplaces, nobody knows you’re a startup

W elcome to the TechCrunch Exchange, a weekly startups-and-markets newsletter. It’s inspired by the daily TechCrunch+ column where it gets its name. Want it in your inbox every Saturday? Sign up here. Enterprise

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  • Posted on March 11, 2023

Watch Relativity attempt to launch Terran 1…again

Relativity Space is gearing up for its second launch attempt of the Terran 1 rocket, wasting no time after scrubbing the first attempt earlier this week. The company returns to the launch pad at Cape Canaveral with

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  • Posted on March 11, 2023

SVB contagion: UK arm shuts down, government scrambles and startups brace for the worst

As of late Thursday night and Friday morning, the fallout from the shutdown of Silicon Valley Bank in the US had reached the shores of the UK and Europe. Yesterday afternoon, the Bank of England sought a court order

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  • Posted on March 11, 2023

For fintechs in 2022, the bigger the exit, the larger the decline in value

While the public market correction has been widespread, tech and fintech stocks have seen the largest declines, according to a recent report. Specifically, the Fintech Index — which tracks the performance of

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  • Posted on March 11, 2023

Bitcoin and the Lightning Network are moving payments globally

Welcome back to Chain Reaction, a podcast diving deep into the stories, backgrounds and latest news with the biggest names in crypto. For this week’s episode, Jacquelyn interviewed Jack Mallers, the founder and CEO

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  • Posted on March 11, 2023

Roku, Roblox and others disclose their exposure to SVB in SEC filings

The fallout from the collapse of Silicon Valley Bank is impacting a range of startups and larger firms including, as we know now from SEC filings, publicly traded companies like Roku, Roblox, Quotient, and others.

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  • Posted on March 11, 2023

Silicon Valley Bank collapse is impacting many Indian startups

The sudden collapse of Silicon Valley Bank, which served as lifeblood for startups, is also impacting firms 8,000 miles away. Dozens of young Indian startups backed by the likes of YC, Accel, Sequoia India,

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  • Posted on March 11, 2023

Flutterwave’s troubles in Kenya yet to end as second case proceeds

Africa’s most valuable unicorn Flutterwave is still not off the hook in Kenya. About $3 million of its money that was confiscated in the second government seizure over money laundering and fraud claims remains

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  • Posted on March 11, 2023

Microsoft bets on algae to mitigate its growing carbon footprint

Like all of its peers in the tech industry, Microsoft has a carbon pollution problem. The software giant’s emissions are on the rise, in spite of a pledge from the company to be carbon negative by 2030. This ticking

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  • Posted on March 11, 2023

Investor Mark Suster says a “handful” of bad actors in VC destroyed Silicon Valley Bank

Yesterday at around noon in Los Angeles, investor Mark Suster of the venture firm Upfront Ventures began urging “calm” on Twitter. Silicon Valley Bank had bungled its messaging on Wednesday around an effort to

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