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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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HighRadius raises $300M, triples valuation to $3.1B...

March 30, 2021

HighRadius, which has developed AI-powered fintech software, announced Tuesday it has raised $300 million in a Series C funding round led by D1 Capital and Tiger Global. The round values Houston-based HighRadius at $3.1 billion, triple its valuation of “more than $1 billion” at the time of its $125 million Series B in January of 2020. With this latest financing, HighRadius has raised $475 million in funding. Existing backers ICONIQ Growth and Susquehanna Growth Equity also participated in the...

PayPal’s new feature allows U.S. consumers to...

March 30, 2021

PayPal this morning announced the launch of Checkout with Crypto, a new feature that will allow consumers to check out at millions of online businesses using cryptocurrency. The feature expands on PayPal’s current investments in the cryptocurrency market, which include its partnership with Paxos to power its service that allows customers to buy, sell and hold a range of cryptocurrencies, and more recently, its acquisition of cryptocurrency security startup Curv. According to PayPal, customers with cryptocurrency holdings in the...

NBA Top Shot maker Dapper Labs is...

March 30, 2021

From the early success of Crypto Kitties to the explosive growth of NBA Top Shot, Dapper Labs has been at the forefront of the cryptocurrency collectible craze known as NFTs. Now the company is reaping the benefits of its trailblazing status with a new $305 million financing led by some of the biggest names in Hollywood, sports, and investing. The new round values the company at a whopping $2.6 billion, according to multiple media reports, and comes at a...

Ramp looks to raise more capital as...

March 29, 2021

Earlier this year Divvy, a Utah-based software company that provides corporate spend management software, raised a $165 million round at a $1.6 billion valuation. It followed its competitor Brex to unicorn-status as the market for financial services software and corporate payment solutions stayed red-hot in 2021 after a blockbuster 2020. Now Ramp, a competitor to both Divvy and Brex, is looking to raise new capital from Stripe and D1 Capital Partners at a valuation that could top $1 billion....

Will the pandemic spur a smart rebirth...

March 29, 2021

Michael Proman Contributor More posts by this contributor The future of sports tech: Here’s where investors are placing their bets Cities traditionally have been bustling hubs where people live, work and play. When the pandemic hit, some people fled major metropolitan markets for smaller towns — raising questions about the future validity of cities. It’s true that we’re still months away from broader reopenings and herd immunity via current vaccination efforts. However, those who predicted that COVID-19 would destroy...

The NFT craze will be a boon...

March 29, 2021

The non-fungible token (NFT) mania has inspired Ethereum fans to spend more than $224 million on crypto collectibles so far in 2021 through marketplaces OpenSea and Rarible, but many buyers may not understand what they actually own. “An NFT is not that different from any other crypto purchase in that you are buying control over information in an entry in a ledger,” said attorney Nelson Rosario, one of the founders of Smolinski Rosario Law. NFT buyers don’t actually own...

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...

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