Daily Crunch - PayPal acquires Curv

TechCrunch Newsletter

Monday, March 08, 2021 • By Anthony Ha

PayPal acquires a cryptocurrency startup, Apple discontinues the iMac Pro and McAfee sells its enterprise business. This is your Daily Crunch for March 8, 2021.

The big story: PayPal acquires Curv This deal will grow PayPal’s cryptocurrency team by bringing on Curv, a startup working with exchanges, brokers and over-the-counter desks to help their users store crypto assets securely and access their wallets without requiring additional hardware. The larger company already supports the buying and selling of cryptocurrencies, and it says it plans to launch new crypto-related products in other countries and in Venmo. Calcalist was the first to report the acquisition, and it said that the deal price was between $200 and $300 million, while another source tells TechCrunch that the price was less than $200 million. Read more Image Credits: Yichuan Cao/ NurPhoto / Getty Images

Creating early warning systems for operational resilience Sponsored by Ernst & Young LLP Many factors affect service delivery—from technology, to facilities, people, and more. On March 18 join EY as we discuss how you can use data, systems and processes to manage—and possibly avoid—operational disruption. Register now. Read more

The tech giants The iMac Pro is being discontinued — Apple will stop selling the all-in-one once the current stock is depleted. McAfee sells enterprise biz to Symphony Technology Group for $4B — McAfee President and Chief Executive Officer Peter Leav said the company has decided to direct its resources to the consumer side of the business. Google unveils $25M in grants aimed at empowering women and girls — Google.org's new Impact Challenge, unveiled on International Women's Day, is aimed at addressing systemic barriers and inequities. Image Credits: Veanne Cao

Startups, funding and venture capital UK challenger bank Starling raises $376M, now valued at $1.9B — Starling, which competes against incumbent banks, as well as other challengers like Monzo and Revolut, says it’s already profitable. Cosi raises €20M for its 'full-stack' approach to short-term rentals — The company signs long-term leases with property owners, then furnishes those apartments itself to "control" the interior design experience. Swiss maker of meat alternatives Planted will expand and diversify with $18M Series A — With new kebabs and pulled-style faux meats available and steak-like cuts in the (literal) pipeline, Planted has begun to set its sights outside central Europe.

Advice and analysis from Extra Crunch From electric charging to supply chain management, InMotion Ventures preps Jaguar for a sustainable future — A look at InMotion Ventures, the independent investment and incubation initiative set up by Jaguar Land Rover. Olo's IPO could value the company north of $3B as Toast waits in the wings — Olo, the New York-based fintech startup that provides order processing software to restaurants, shared its initial IPO price range this morning. White-label voice assistants will win the battle for podcast discovery — Listeners have never had so many choices for smart and compelling podcast content, with new exciting shows emerging daily. (Extra Crunch is our membership program, which helps founders and startup teams get ahead. You can sign up here.) Image Credits: Nigel Sussman

Everything else Announcing the agenda for TC Early Stage — Operations & Fundraising — You've got questions. TechCrunch Early Stage will have answers for you on April 1 and 2. A glimpse inside the minds of tech's DEI leaders — We spoke with Uber Chief Diversity Officer Bo Young Lee and Netflix VP of Inclusion Strategy for Product Wade Davis about the work that still needs to be done.

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Daily Crunch - Tesla is closing its forums

TechCrunch Newsletter

Friday, March 05, 2021 • By Anthony Ha

Some Tesla fans aren’t ready to say goodbye to the company’s forums, Optimizely’s co-founder has a new company and an Indonesian logistics startup raises $170 million. This is your Daily Crunch for March 5, 2021.

The big story: Tesla is closing its forums The electric car maker announced that starting on March 15, its existing forums will become read-only as it launches a new social website called the Tesla Engagement Platform. That platform functions a bit differently, since users are asked to comment on Tesla’s posts, rather than creating posts and threads of their own. Perhaps unsurprisingly, many commenters don’t seem pleased with the decision, with one writing, “Please do not get rid of the Forums. This is not a replacement. The forums (with exception of the trolls on it) brought about informed discussion to help fellow owners with issues." Read more Image Credits: Mason Trinca for The Washington Post / Getty Images

Visa and ADP Unveil Flexible Digital Payment Options to Serve U.S. Workforce Sponsored by Visa Visa and ADP have announced a new partnership that will offer ADP's clients, large and small, with a digitally-enabled, convenient and cost-effective solution for off-cycle payments to employees. Read more

The tech giants Virgin Galactic Chairman Chamath Palihapitiya sells off remaining personal stake in the space company — The man who arguably ushered in the current SPAC rush with the merger of Virgin Galactic with his Social Capital Hedosophia holding company has divested the remainder of his personal holdings in the space tourism company. Image Credits: TechCrunch

Startups, funding and venture capital Eco raises $26M in a16z-led round to scale its digital cryptocurrency platform — Eco’s platform is designed to be used as a payment tool around the world for daily-use transactions. Dan Siroker's new startup Scribe automates Zoom note-taking — Siroker stepped down from the CEO role at Optimizely in 2017. Indonesian logistics startup SiCepat raises $170M Series B — Founded in 2014 to provide last-mile deliveries for small merchants, the company has since expanded to serve large e-commerce platforms, too. Image Credits: Dan Kitwood / Getty Images

Advice and analysis from Extra Crunch How and when to hire your first product manager — We spoke to startup founders and operators to get their thoughts. Address cybersecurity challenges before rolling out robotic process automation — While robotic process automation is making a major impact across every industry, many don't know how common the technology really is. Understanding how investors value growth in 2021 — The folks over at Battery Ventures have compiled a lengthy dive into the 2020 software market that's probably worth your time. (Extra Crunch is our membership program, which helps founders and startup teams get ahead. You can sign up here.) Image Credits: Francesco Carta Fotografo / Getty Images

Everything else California bill would require all self-driving vehicles to be zero emission by 2025 — California might be the first state to give self-driving cars a deadline to electrify. How the Biden administration is approaching crypto regulations — Given the chaos created by the Trump administration, bitcoin fans are anxiously optimistic about how regulators will approach the cryptocurrency space during President Joe Biden's administration. Image Credits: Cruise

Read more stories on TechCrunch.com

Newest Jobs from Crunchboard Machine Learning Engineer at Brainmaven (Toronto, ON, Canada) Senior Integration Specialist at Pennsylvania Turnpike Commission (Middletown, PA, United States) C# Developer at Mayday Manufacturing Co (Denton, TX, USA) PostgreSQL Database Administrator at IRIS (Anywhere) Senior Lead Software Engineer at Process Street (Anywhere) See more jobs on CrunchBoard Post your tech jobs and reach millions of TechCrunch readers for only $200 per month.

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Daily Crunch - Square acquires Tidal

TechCrunch Newsletter

Thursday, March 04, 2021 • By Anthony Ha

Square buys a majority stake in Jay-Z’s Tidal, WhatsApp improves its desktop app and Hopin raises even more funding. This is your Daily Crunch for March 4, 2021. P.S. Due to technical issues, Daily Crunch links have been working erratically for the past couple of days. We apologize for the issue — trust me, this is extremely frustrating for us, too. If the links aren’t working for you, you can try again later (or check out the version of the Daily Crunch posted on the TechCrunch website). Hopefully, the issue will be resolved soon.

The big story: Square acquires Tidal Square announced this morning that it has purchased a majority stake in Tidal, the music streaming service founded by Jay-Z. It sounds like an odd fit at first, which Square CEO Jack Dorsey acknowledged in a tweet asking, “Why would a music streaming company and a financial services company join forces?!” His answer: “It comes down to a simple idea: finding new ways for artists to support their work. New ideas are found at the intersections, and we believe there's a compelling one between music and the economy. Making the economy work for artists is similar to what Square has done for sellers.” Square is paying $297 million in cash and stock for the deal, which will result in Jay-Z joining Square’s board. Read more Image Credits: Taylor Hill/FilmMagic / Getty Images

Attend the Databricks and Google Cloud Launch Event Sponsored by Databricks and Google Cloud Join Databricks CEO Ali Ghodsi and Google Cloud CEO Thomas Kurian to learn how Databricks on Google Cloud delivers an open, unified platform for analytics and AI that empowers customers to innovate faster. Read more

The tech giants WhatsApp adds voice and video calling to desktop app — This should provide relief to countless people sitting in front of computers who have had to reach for their phone every time WhatsApp rang. Apple's App Store is now also under antitrust scrutiny in the UK — The U.K.'s Competition and Markets Authority announced that it's opened an investigation following a number of complaints from developers alleging unfair terms. Google speeds up its release cycle for Chrome — Mozilla also moved to a four-week cycle for Firefox last year. Image Credits: Facebook

Startups, funding and venture capital Hopin confirms $400M raise at $5.65B valuation — For Hopin, the round is another rapid-fire funding event. Coursera is planning to file to go public tomorrow — The company has been talking to underwriters since last year, but tomorrow could mark its first legal step in the process to IPO. Luxury air travel startup Aero raises $20M — The startup describes its offering as "semi-private" air travel. Image Credits: Aero

Advice and analysis from Extra Crunch As activist investors loom, what's next for Box? — A company with plenty of potential is mired in slowing growth. Unraveling ThredUp's IPO filing: Slow growth, but a shifting business model — ThredUp is a used-goods marketplace approaching the public markets in the wake of Poshmark's own strong debut. (Extra Crunch is our membership program, which helps founders and startup teams get ahead. You can sign up here.) Image Credits: Bloomberg / Getty Images

Everything else SITA says its airline passenger system was hit by a data breach — Global air transport data giant SITA has confirmed a data breach involving passenger data. How to successfully dance the creator-brand tango — What makes creators succeed, and how should brands work with them? Announcing the Early Stage Pitch-Off Judges — On April 2, TechCrunch will feature 10 top startups across the globe at the Early Stage Pitch Off. Image Credits: Jon Hicks / Getty Images

Read more stories on TechCrunch.com

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