Daily Crunch: After filing for bankruptcy, crypto lender Voyager Digital says it will ‘support operations’

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Greetings and happy Wednesday! I had to check the calendar before I named the day because does anyone really know what day it is? Amanda made me fight with her a story about waiting for a new Nintendo Switch release, only for the news to be something else. I also enjoyed the latest Equity podcast where Natasha as well as Alex discussed why everyone copies each other. Be that as it may, today our homepage has been dominated by big tech and crypto news, so I have a lot of them for you. Let’s start! — Christine

TechCrunch Top 3

  • When one falls, the other falls: Manish this week in the case, writes another major article, this time about Voyager Digital, a crypto broker filing for bankruptcy. It looked like a domino effect for the company that referred to Bankruptcy of Three Arrows Capital announcement from last week as one of the factors. It seems Three Arrows owes Voyager Digital about $650 million. Not petty for sure.
  • Scraping by: Meta is suing Octopus Data, the US subsidiary of a Chinese company, alleging that the company offered data collection services for Facebook and Instagram. Paul reports. So you don’t have to look it up, data scraping is a means of using automated tools to collect data from websites “en masse”. Paul says it’s especially timely for an American court.”reaffirmed the previous ruling that web browsing is legal” less than 3 months ago. Back to the drawing board they go.
  • Digging into food delivery: Amazon is trying a new approach to not only take delivery from restaurants, but also to attract more Prime members. The marketplace giant has partnered with Grubhub to offer a free Grubhub+ membership (everyone has a plus, huh?) for 1 year. ingrid writes.

Startups and VK

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It seems that Bolt and Forever 21 parent company Authentic Brands Group kiss and make up. Authentic initially sued Bolt, alleging that Bolt did not deliver the promised one-click payment technology, causing the company to lose about $150 million in sales. Mary Ann reports that the lawsuit was settled “amicably”, and now Authentic is even a shareholder. These were some negotiations.

Cryptocurrency gaming startup Cauldron closed at $6.6 million to the goal of becoming “Pixar of web3”, Jacqueline writes. The company told her that it wanted to tell more stories and create a legacy with its Project Nightshade game, similar to what Pixar did with Toy Story. To infinity and beyond!

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Celus wants to automate PCB design and has raised $25.6 million in new capital to use its AI technology to be able to reverse-engineer a circuit board in minutes, Paul writes.

What else do we have? Here’s another:

  • This fund is on fire: Rita writes about Bonfire Union, the venture arm of Mask Network, and its first $42 million fund that “invests in web3 like Tencent does in web2.” Oh, and she also wrote about Nothing and his Black Dot NFT.
  • Everyone deserves a number: I wrote about Finli, a startup that has raised $6 million in new funds to further develop its payment management application for service-based businesses.
  • An apple for a teacher.: Online testing software startup Azota has raised $2.4 million to help Vietnamese teachers create and grade tests. Catherine writes.
  • On it again: Katia reported that Korean telecommunications company KT definitely liked what it saw in Rebellions, an AI chip maker. The startup received another $22.8 million from KT just a month after KT injected $50 million inside.
  • Blop, clap, hiss, hiss: Jordan spoke with Wonderbelly founders Noah Kraft and Lucas Kraft, founder of Doppler Labs, to discuss the antacid startup’s new $3.3 million funding and its mission to fight Toomes.

Dear Sophie! How can we transfer the H-1B and the applicant’s green card?

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Image Credits: Bryce Durbin/TechCrunch

Dear Sophie,

My startup needs to hire an AI expert, and our top candidate has a difficult immigration situation. She is from India and has been flying the H-1B for over 6 years. Her current employer applied for an EB-2 green card on her behalf about 4 years ago through the PERM process. She has been waiting for a green card number since it was approved and says it could be a few more years before she gets one.

She asks us to transfer her H-1B and green card to our company. Can we do it? Do we have additional opportunities to keep her?

— Promotion of AI

(TechCrunch+ is our membership program that helps founders and startup teams get ahead. You can register here.)

Big Tech Inc.

More crypto to see here! Jacqueline dives deep into losses of a cryptocurrency company in the second quarterwhich is 52% less than in the same period last year.

Meanwhile, Kyle writes that IBM acquired Databand for its monitoring capabilities to help “customers better identify and resolve data issues, including errors, pipeline failures, and poor quality.”

In the cybersecurity news, the hotel giant Marriott is on the wrong side in yet another data breach, Carly writes. She also outlined the US government’s statement that North Korean hackers attack some of the country’s healthcare organizations. with their ransomware. Meanwhile, Zach reports that Apple’s New Lockdown Mode “will disable some features designed to help targeted individuals fight state-level spyware.”




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