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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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How Bitcoin is helping middle-class users survive...

January 21, 2021

Leigh Cuen Contributor Share on Twitter Leigh Cuen is a reporter in New York City. Her work has been published by Vice, Business Insider, Newsweek, Teen Vogue, Al Jazeera English, The Jerusalem Post, and many others. Follow her on Instagram at @leighcuen. More posts by this contributor Bitcoin advocates revolt against the Trump administration’s frantic crypto regulations Regulators may still want to imply Bitcoin is merely a tool for criminals, but for many middle-class users, it’s proving to be...

Plaid launches FinRise, an incubator for underrepresented...

January 21, 2021

Plaid is launching FinRise, a nine-month incubator for early-stage fintech founders from underrepresented backgrounds. Inspired by an internal hackathon amid Black Lives Matter protests last summer, the accelerator is explicitly looking at startups led by Black, Indigenous, and People of Color (BIPOC). Plaid Growth Manager Nell Malone and Design Manager Bhargavi Kamakshivalli are spearheading the project. Malone tells TechCrunch that the incubator is looking to accept three to five post-seed and pre-Series B tech startups with a product in...

Israel’s startup ecosystem powers ahead, amid a...

January 21, 2021

Released in 2011 “Start-up Nation: The Story of Israel’s Economic Miracle” was a book that laid claim to the idea that Israel was an unusual type of country. It had produced and was poised to produce, an enormous number of technology startups, given its relatively small size. The moniker became so ubiquitous, both at home and abroad, that “Israel Startup Nation” is now the name of the country’s professional cycling team. But it’s been hard to argue against this...

Eight Roads Ventures Europe appoints Lucile Cornet...

January 21, 2021

Lucile Cornet has been appointed Partner with Eight Roads Ventures Europe, a firm focusing on startups in Europe and Israel. Cornet is its first female Partner. Eight Roads is backed by Fidelity and has over $6 billion assets under management globally. Cornet will be focusing on the software and fintech sectors and previously led a number of investments for the firm, having risen from Associate to Partner within five years. It’s an out of the ordinary career trajectory when...

Fintech startups and unicorns had a stellar...

January 20, 2021

The fourth quarter of 2020 was as busy as you imagined, with super late-stage startups reaching new valuation thresholds at a record pace, and total venture capital funding in the United States recording its second-best result of all time. That’s according to data released recently by CB Insights, which complements our look back at 2020’s venture capital year in America from yesterday. At the time, we noted that American startups raised an average of $428 million each day last...

Alibaba shares jump on Jack Ma’s first...

January 20, 2021

Alibaba’s billionaire founder resurfaced as he spoke to 100 rural teachers through a video call, three months after his last public appearance in October, sending the e-commerce firm’s shares up more than 8% in Hong Kong. A recording of the call was first posted on a news portal backed by the government of Zhejiang, the eastern province where Alibaba is headquartered, and the video was verified by an Alibaba spokesperson. Speculations swirled around Ma’s whereabouts after media reported in...

Brave web browser adds native support for...

January 19, 2021

The decentralized tech community is aiming to find support for technologies that go beyond cryptocurrency support. In a blog post today the team at Brave announced that they have worked with Protocol Labs to integrate native support for the InterPlanetary File System (IPFS) inside their browser. The peer-to-peer file-sharing standard launched in 2015 and has been gathering support among open-source advocates who laud the protocol’s ability to stop companies and government bodies from taking down content across the web,...

In 2020, VCs invested $428M into US-based...

January 19, 2021

Despite a pandemic that sparked a global recession, 2020 was still a record year for venture capital investments into American startups. According to data shared by PitchBook and the National Venture Capital Association, investors poured $156.2 billion into domestic startups last year, or around $428 million for each day of the year. The huge sum of money, however, was itself dwarfed by the amount of liquidity that American startups generated, some $290.1 billion. The Exchange explores startups, markets and...

WeChat advances e-commerce goals with $250B in...

January 19, 2021

WeChat continues to advance its shopping ambitions as the social networking app turns 10 years old. The Chinese messenger facilitated 1.6 trillion yuan (close to $250 billion) in annual transactions through its “mini programs,” third-party services that run on the super app that allow users to buy clothes, order food, hail taxis and more. That is double the value of transactions on WeChat’s mini programs in 2019, the networking giant announced at its annual conference for business partners and...

Fintech startup Vise brings on Andrew Fong...

January 19, 2021

Vise, a fintech firm that focuses on helping financial advisors rather than automating them out of existence, has today announced that its bringing on Andrew Fong as its Chief Technology Officer. Fong hails from Dropbox, where he served as VP of Infrastructure Engineering. He actually started out as a Site Reliability Engineer at Dropbox back in 2012 climbing the ranks to Engineering Director, and then Senior Director of Engineering – Head of Infrastructure before becoming to vice president. Before...

PPRO nabs $180M at a $1B+ valuation...

January 19, 2021

The pandemic has hastened a shift of most commerce becoming e-commerce in the last year, and that has brought a new focus on startups that are helping to enable that process. In the latest development, PPRO, a London-based startup that has built a platform to make it easier for marketplaces, payment providers and other e-commerce players to enable localised payments — that is, make and take payments in whatever form local customers prefer to use, which extend well beyond...

Singapore-based Volopay raises $2.1 million seed round...

January 18, 2021

Volopay, a Singapore-based startup building a “financial control center” for businesses, announced today it has raised $2.1 million in seed funding. The round was led by Tinder co-founder Justin Mateen, and included participation from Soma Capital, CP Ventures, Y Combinator, VentureSouq, the founders of Razorpay, Antler and other angel investors. The funding will be used on hiring, product development, strategic partnerships and Volopay’s international expansion. It plans to launch operations in Australia later this month. The company currently has...

After a record year for Israeli startups,...

January 16, 2021

Israel’s startup ecosystem raised record amounts of funding and produced 19 IPOs in 2020, despite the pandemic. Now tech companies across industries are poised for an even better year, according to more than a dozen investors we talked to in the country. Mainstay sectors like cybersecurity continue to matter, they said, but are maturing (more about that here). Some people are more excited by emerging areas like artificial intelligence, which has been a focus of the country’s military for...

No one knows what anything is worth

January 16, 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. Click here if you want it in your inbox every Saturday morning. Ready? Let’s talk money, startups and spicy IPO rumors. It was yet another week of startups that became unicorns going public, only to see their valuation soar. Already marked up by their IPO pricing, seeing so many unicorns achieve such...

Checkout wants to be Rapyd and Fast

January 16, 2021

Hello and welcome back to Equity, TechCrunch’s venture-capital-focused podcast, where we unpack the numbers behind the headlines. We’re back on this lovely Saturday with a bonus episode! Again! There is enough going on that to avoid failing to bring you stuff that we think matters, we are back yet again for more. This time around we are not talking Roblox, we’re talking about ecommerce, and a number of rounds — big and small — that have been raised in the space....

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