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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.

 
John McAfee arrested after DOJ indicts crypto...
Cybersecurity entrepreneur and crypto personality John McAfee’s wild ride could be coming to an end after he was arrested in Spain today, and now faces extradition to the U.S. over charges spanning tax evasion and fraud. The SEC accuses McAfee of being paid more than $23.1 million worth of cryptocurrency assets for promoting a number of ICO token sales without disclosing that he was being paid to do so. Furthermore the DOJ has levied a number of counts of...

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Embedded finance might represent fintech’s future
The fintech industry is on a tear. Popular consumer services like Robinhood to Coinbase and Revolut have managed to attract millions of customers, but the most interesting trend right now is embedded finance. Tech companies that don’t necessarily provide financial services can embed services from fintech companies directly in their products. At the same time, fintech companies can find a new distribution channel by providing financial products outside of their main product. They don’t necessarily need a consumer product...

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Crowdcube and Seedrs agree to merge, creating...
The two main crowd-equity fundraising platforms in the UK, Crowdcube and Seedrs, have agreed terms on a long-rumored merger, thus creating one of the world’s largest private equity marketplaces. The value of the merged company is $140m. The merger is being structured as an acquisition by Crowdcube of all of the outstanding share capital of Seedrs, via scheme of arrangement. Existing Crowdcube shareholders and option holders will own 60% of the combined company, and existing Seedrs shareholders and option...

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Accel VCs Sonali De Rycker and Andrew...
The other week TechCrunch’s Extra Crunch Live series sat down with Accel VCs Sonali De Rycker and Andrew Braccia to chat about the state of the global startup investing ecosystem. Given their firm’s broad geographic footprint, we wanted to know what was going on in different startup markets, and inside a number of business-model varietals that we are tracking, like API-focused startups and low-code work. As with all Extra Crunch Live episodes, we’ve included the full video below, along...

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Airbnb nears IPO as Asana and Palantir...
Editor’s note: Get this free weekly recap of TechCrunch news that any startup can use by email every Saturday morning (7 a.m. PT). Subscribe here. The going has not always been easy but the tech IPOs keep coming. Airbnb itself is almost here, in what is likely to be the ultimate stock market listing of this dramatic year. After the pandemic triggered mass layoffs for the short-term rental marketplace, it has managed to make up all of the lost ground to...

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Daily Crunch: Twitter confronts image-cropping concerns
Twitter addresses questions of bias in its image-cropping algorithms, we take a look at Mario Kart Live and the stock market takes a hit after President Trump’s COVID-19 diagnosis. This is your Daily Crunch for October 2, 2020. The big story: Twitter confronts image-cropping concerns Last month, (white) PhD student Colin Madland highlighted potential algorithmic bias on Twitter and Zoom — in Twitter’s case, because its automatic image cropping seemed to consistently highlight Madland’s face over that of a...

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Which neobanks will rise or fall?
Denis Barrier Contributor Denis Barrier is co-founder and CEO of Cathay Innovation, a global venture capital firm investing across North America, Europe, Asia and Africa. Alex Lazarow Contributor Alex Lazarow is an author, a global venture investor with Cathay Innovation and is an adjunct professor with the Middlebury Institute for International Studies MBA program. More posts by this contributor The innovation supply chain: How ideas traverse continents and transform economies The neobank, or digital bank, phenomenon continues to take...

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Plaid improves its account linking flow
Plaid, the company building a universal banking API that lets you connect an app or service with a bank account, has updated Plaid Link. Plaid Link is the interface you see when you add your bank account to any app or service that uses Plaid, such as Venmo, Acorns or Chime. Given that 3,000 apps have been using Plaid, chances are you’ve seen Plaid Link in the past. According to the company, one in four people in the U.S....

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Coinbase lets you withdraw funds to your...
Cryptocurrency exchange Coinbase is adding a new way to withdraw funds from your Coinbase account. If you’ve added a compatible debit card to your account, you can transfer USD, EUR or GBP to your bank account nearly instantly. There are some drawbacks, and the main one is that you’ll pay a lot of fees. In the U.S., Coinbase deducts 1.5% from the transaction, or a minimum $0.55 if it’s a small transaction. In the U.K. and Europe, you pay...

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Spain’s startup ecosystem: 9 investors on remote...
As reported in the first half of our Spain-focused VC survey, the nation’s startup ecosystem continues to grow and is keeping pace with ecosystems in more developed European countries such as U.K., France, Sweden and Germany. While main hubs Madrid and Barcelona bump heads politically, tech ecosystems in each city have been developing with local support. According to this regional investor database, Spain is home to 62 angels, 84 seed funds and 19 Series A and beyond institutional funds. As...

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Daily Crunch: Google commits $1B to pay...
Google is paying a lot of money for its news licensing program, Microsoft announces an affordable laptop and Facebook says it won’t accept ads casting doubts on the election. This is your Daily Crunch for October 1, 2020. The big story: Google commits $1B to pay publishers Specifically, CEO Sundar Pichai said today that the company will be paying $1 billion to news publishers to license their content for a new format called the Google News Showcase — basically,...

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What if the kernel is corrupt?
Hello and welcome back to Equity, TechCrunch’s VC-focused podcast (now on Twitter!), where we unpack the numbers behind the headlines. This week, Alex is on a much-deserved vacation (but not from Twitter, it seems) so Danny Crichton and I chatted through the news and happenings of the week. Somehow we winded our way through the latest tech controversies, gave Chris Wallace a shout out and ended with some funding rounds. I’ll be out next week so don’t miss me too...

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Working for social justice isn’t a ‘distraction’...
Eileen Burbidge Contributor Eileen Burbidge is a partner at Passion Capital, an early-stage technology venture fund based in London, and is also the UK Treasury’s Special Envoy for Fintech. In case you missed it: On Monday, Coinbase CEO Brian Armstrong wrote a company blog post titled “Coinbase is a mission focused company” which drew both praise and critique that has continued throughout the week. Personally, I wasn’t terribly impressed. I limited my reaction on Twitter to one retweet, a...

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Investors give Baltimore’s Facet Wealth $25 million...
Yesterday, Baltimore-based fintech company Facet Wealth said it raised $25 million in financing as it readies a new business line pitching financial planning as an employment benefit to businesses looking to recruit top talent. Employment benefit packages are expanding beyond the basic gym membership and healthcare to include subscriptions to Netflix, discounts on delivery and rideshare services, and other perks. So why not financial wellness? The thesis certainly managed to attract a big-money backer, with Warburg Pincus, the multi-billion-dollar...

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The roadmap to startup consolidation in Southeast...
While Southeast Asia’s startup ecosystems are still young compared to those in China or India, it has matured over the last five years. Unicorns like Grab, Gojek and Garena are continuing to grow, and more competitive startups are emerging in sectors like fintech, e-commerce and logistics. That leads to the question: Will consolidation start to pick up? The consensus by investors interviewed by Extra Crunch is: Yes, but slowly at first. In the meantime, there are still roadblocks to...

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