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Suborbital space tourism finally arrives | FCC prepares to run public C-band auction | The big four in the U.S. launch industry — United Launch Alliance, SpaceX, Blue Origin and Northrop Grumman — hope to be one of two providers that will receive five-year contracts later this year to launch national security payloads starting in 2022. | China’s launch rate stays high | The International Space Station is the largest ever crewed object in space.

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Visa supports transaction settlement with USDC stablecoin

March 29, 2021

Payment card network Visa has announced that transactions can be settled using USD Coin (USDC), a stablecoin powered by the Ethereum blockchain. Crypto.com is the first company to test the new capability with its own Visa-branded cards. USDC is a stablecoin co-founded by Circle and Coinbase and managed the Centre consortium. As the name suggests, USDC is a cryptocurrency that follows the value of USD. One USDC is always worth one USD — hence the name stablecoin. In order...

How startups can go passwordless, thanks to...

March 29, 2021

“There is no doubt that over time, people are going to rely less and less on passwords… they just don’t meet the challenge for anything you really want to secure,” said Bill Gates. That was seventeen years ago. Although passwords have lost some of their charm, they have so far survived many attempts to kill them for good. The perception of high cost and tricky implementations has stalled some smaller businesses from ditching passwords. But alternatives to passwords are...

Ajaib raises $65M Series A extension led...

March 29, 2021

Ajaib, the Indonesian investment app, has added $65 million to its Series A, bringing the round’s new total to $90 million. The extension was led by Ribbit Capital, the fintech investor that also led Robinhood’s $3.4 billion funding last month. Ajaib is Ribbit Capital’s first investment in Southeast Asia. The extension will be used to expand Ajaib’s product development and engineering capabilities. The startup, which claims to run the fourth largest stock brokerage in Indonesia based on number of...

Well that was a crazy week

March 27, 2021

Welcome back to The TechCrunch Exchange, a weekly startups-and-markets newsletter. It’s broadly based on the daily column that appears on Extra Crunch, but free, and made for your weekend reading. Well that was a crazy week I may be getting older, but it does seem that the pace of tech news has gotten stuck in top-gear. It’s bonkers. Think about how small a splash the news that WeWork is going public via a SPAC made. It was small potatoes...

This Week in Apps: App Store bills...

March 27, 2021

Welcome back to This Week in Apps, the weekly TechCrunch series that recaps the latest in mobile OS news, mobile applications and the overall app economy. The app industry is as hot as ever, with a record 218 billion downloads and $143 billion in global consumer spend in 2020. Consumers last year also spent 3.5 trillion minutes using apps on Android devices alone. And in the U.S., app usage surged ahead of the time spent watching live TV. Currently, the average American watches 3.7 hours...

You can only invest if you promise...

March 26, 2021

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. Natasha and Danny and Alex and Grace were all here to chat through the week’s biggest tech happenings. News was right back up to a dull roar this week, so we did our best to trim and hone and just bring you the most important things. Here’s the rundown: David Dobrik stepped down from Dispo, the photo-sharing app he co-created, this past week after allegations came out about...

Crypto boom continues as Chainalysis raises $100M,...

March 26, 2021

Chainalysis, a blockchain analysis company, announced Friday it has closed on $100 million in Series D financing, doubling its valuation to over $2 billion. The round comes just four months after the company secured a $100 million Series C round at a $1 billion valuation. Paradigm led the latest funding event while existing backers Addition and Ribbit doubled down on their investment in the company. TIME Ventures, Marc Benioff’s investment fund, also participated in the latest financing, which brings...

Daily Crunch: Zuckerberg defends Facebook over role...

March 25, 2021

Tech executives face Congress, Spotify gets a redesign and Snapchat is developing a new Remix feature. This is your Daily Crunch for March 25, 2021. The big story: Zuckerberg defends Facebook over role in Capitol attack Facebook’s Mark Zuckerberg, Twitter’s Jack Dorsey and Google’s Sundar Pichai appeared at a hearing today with the House Energy and Commerce Committee on the theme of misinformation, particularly the role that their platforms may have played in the Capitol attack by allowing lies...

Pussy Riot shows the cypherpunk power of...

March 25, 2021

It might seem like everyone and their mom is selling a non-fungible token (NFT) these days, but Pussy Riot co-founder Nadya Tolokonnikova is one of the few strategizing beyond the hype cycle. “I’ve been using cryptocurrency before this,” Tolokonnikova told TechCrunch, noting Pussy Riot members have been interested in blockchain technology since around 2015. “Masha had problems with her bank accounts. Whenever she would open one, the government would shut it down because she would...

European branded payments startup Recharge raises $11.8M...

March 25, 2021

Online branded payments now run the gamut of anything from Spotify vouchers, Netflix vouchers, Neosurf, PaySafe cards, and everything in between. Consumers use them to pay for a variety of things. In Europe, they are an increasingly big business. Now, European branded payments company Recharge.com has raised €10m ($11.8m) in a debt funding round led by London-based Kreos Capital, a growth debt provider for high-growth companies. In 2019 the Dutch fintech Creative Group, which owns the Recharge.com and Rapido.com...

Will fading YOLO sentiment impact Robinhood, Coinbase...

March 25, 2021

What happens to hot fintech startups that have benefited from a rise in consumer trading activity if regular folks lose interest in financial wagers? That’s the question facing Robinhood, Coinbase and other trading platforms that have ridden an upward cycle. Each has performed well in recent quarters: Robinhood by securing huge payment-for-order-flow revenues, while Coinbase’s trading fees have proven incredibly lucrative, something we learned when it filed to go public. The Exchange explores startups, markets and money. Read it...

Notarize raises $130M, tripling valuation on the...

March 25, 2021

When the world shifted toward virtual one year ago, one service in particular saw heated demand: remote online notarization. The ability to get a document notarized without leaving one’s home suddenly became more of a necessity than a luxury. Pat Kinsel, founder and CEO of Boston-based Notarize, worked to get appropriate legislation passed across the country to make it possible for more people in more states to get documents notarized digitally. That hard work has paid off. Today, Notarize...

Spinning out from the cryptocurrency hardware developer...

March 25, 2021

Data centers and bitcoin mining operations are becoming huge energy hogs and the explosive growth of both risks undoing a lot of the progress that’s been made to reduce global greenhouse gas emissions. It’s one of the major criticisms of cryptocurrency operations and something that many in the industry are trying to address. Enter LiquidStack, a company that’s spinning out from the cryptocurrency hardware technology developer Bitfury Group with a $10 million investment. The company, which was formerly known...

TechCrunch

February 4, 2021

TechCrunchTechCrunchRad Power Bikes raises $150 million as electric bike sales boomUpstart gaming studio Mountaintop starts its climb with $5.5M seed from friends and familyThe cloud infrastructure market hit $129B in 2020Iteratively raises $5.4M to help companies build data pipelines they can trustExtra Crunch is now hiring for reporter, editor and project manager positionsSpace Cargo Unlimited looks to space to make wine grape vines more resistant to climate changeLeafly and Jane partner to build a better online cannabis shopping experienceOkta...

Fintech darling Nubank raises blockbuster $400M Series...

January 28, 2021

While the pandemic has left some startups strapped for cash, the aptly-named Brazilian neobank Nubank is swimming in it. This morning, the company announced that it has raised a $400 million Series G round, putting their total funding to date at $1.2 billion. But even more remarkable, in addition to their new $25 billion valuation (up from $10 billion in 2019), is their customer base of 34 million users, which they’ve built up since the fintech’s launch in 2013. “We’ve gone...

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