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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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Indonesia “sea-to-table” platform Aruna hooks $35M led...

July 22, 2021

When Aruna’s founders first met at university, they wanted to find a way to use their studies in information technology to help family members who were running small fisheries. Indonesia is one of the world’s largest fisheries producers, but the industry is very fragmented. This means fisheries, especially small ones, deal with fluctuations in demand and price instability. Aruna was created to bring them closer to customers like restaurants and exporters, the way farm-to-table startups are aggregating the agricultural...

Daily Crunch: India’s most valuable startup buys...

July 21, 2021

To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Hello and welcome to Extra Crunch for July 21, 2021. It’s been a good day for crypto fans, with major coins seeing some recovery from recent lows. Bitcoin and ether remain depressed on a seven-day time frame, however. And the stock market is up today. What more can we ask for on a Wednesday? Well, how...

Michael Arrington’s next act

July 21, 2021

As longtime TechCrunch readers know well, Michael Arrington co-founded TechCrunch and Crunchbase, as well as the venture fund CrunchFund, which was later renamed Tuesday Capital. But In 2017, Arrington announced that he was shifting gears and becoming a full-time crypto investor, and despite a volatile ride since, he isn’t looking back, seemingly. As he said during an interview late last week from his new home in Miami, “I like reinventing myself and I think more people should do that.”...

DraftKings shares plans for launch of NFT...

July 21, 2021

DraftKings is charging into the NFT game, announcing a marketplace aimed at curating sports and entertainment-themed digital collectibles for its audience of enthusiasts. The platform is “debuting later this summer,” and showcases another potentially lucrative expansion for the fantasy sports betting company. DraftKings is entering a market that is both crowded and sparse — with plenty of NFT marketplace options for today’s niche group of collectors, though offerings are still light when considering the billions that have flowed through...

Elon Musk says Tesla will ‘most likely’...

July 21, 2021

Tesla will ‘most likely’ resume accepting bitcoin as a form of payment once the mining rate for the cryptocurrency reaches 50% renewables, CEO Elon Musk said Wednesday at a virtual panel discussion hosted by the Crypto Council for Innovation, remarks that are in line with statements he made last month on Twitter. Tesla started accepting bitcoin as a form of payment in February, the same time that the company purchased a historic $1.5 billion in bitcoin — before reneging...

Upgrade launches a credit card with bitcoin...

July 21, 2021

Fintech startup Upgrade is launching a new credit card today. The Upgrade Bitcoin Rewards Card is a classic Visa credit card that works across the Visa network. But you get 1.5% in bitcoin rewards when you make payments. Upgrade isn’t the first company to announce a credit card with bitcoin rewards — but it’s the first one that is generally available. If your application is approved, you can start using the virtual card immediately. BlockFi announced its own credit...

i80 Group has quietly committed $1B in...

July 21, 2021

Not every startup wants to raise venture capital. And then there are those that do want to raise VC money but don’t want to use it for specific things. In recent years, a number of firms have emerged looking to meet the credit needs of such venture-backed and growth startups: i80 Group is one of those firms. Former Goldman Sachs investment banker Marc Helwani founded i80 in 2016 after investing in early-stage New York-based fintechs in 2014-2015 via his...

Dwolla raises $21M to bring more customizable...

July 21, 2021

Stripe, with its $95 billion valuation, has been taking on the payment landscape with a whole platform approach, bringing in dozens of adjacent services to snag a wider and deeper set of customers that use these services by way of APIs. But in the world of so-called “embedded finance” there still remains a lot of room for smaller players to bring a more sophisticated approach to the business of building complicated financial processes that can be integrated by third...

Ethos picks up $100M at a $2.7B+...

July 21, 2021

More than half of the U.S. population has stayed away from considering life insurance because they believe it’s probably too expensive, and the most common way to buy it today is in person. A startup that’s built a platform that aims to break down those conventions and democratize the process by making life insurance (and the benefits of it) more accessible is today announcing significant funding to fuel its rapidly growing business. Ethos, which uses more than 300,000 data...

Daily Crunch: Jeff Bezos and 3 guests...

July 20, 2021

To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Hello and welcome to Daily Crunch for July 20, 2021. The markets have been active in the last few days, with stocks dropping yesterday before rebounding today. Cryptos have also been suffering from ups and downs. A bit like Jeff Bezos, though his were planned. More on that in a second. — Alex The TechCrunch Top...

China Roundup: What’s going on with China’s...

July 20, 2021

Hello and welcome back to TechCrunch’s China Roundup, a digest of recent events shaping the Chinese tech landscape and what they mean to people in the rest of the world. A tectonic shift is underway in how Beijing regulates and accesses the troves of citizen data collected by its tech giants. More details of China’s new cybersecurity rules have recently come to light as Didi, the SoftBank-backed ride-sharing dominator in China, became the target of the Chinese government’s latest effort...

Titan, a platform aimed at the ‘everyday...

July 20, 2021

Titan, a startup that is building a retail investment management platform aimed at the new generation of “everyday investors,” has closed on $58 million in a Series B round led by Andreessen Horowitz (a16z). The financing comes just over five months after Titan raised $12.5 million in a Series A round led by General Catalyst, and brings the startup’s total raised since its 2017 inception to $75 million. It values the company at $450 million. General Catalyst also put...

Square launches business bank accounts

July 20, 2021

One step at a time, Square is creating a new bank from scratch. Today, the company is launching a new product called Square Banking that combines a checking account, savings accounts, debit cards and loans under a single roof. With Square Banking, the company wants to convince small businesses that it’s just easier to manage all their money needs through Square. Originally focused on payments processing, Square launched a debit card for its business customers in 2019. This way,...

Pillar VC closes $192M for two funds...

July 20, 2021

As its name suggests, venture firm Pillar VC is focused on building “pillar” companies in Boston and across the Northeast. The Boston-based seed-stage firm closed a raise of $192 million of capital that was split into two funds, $169 million for Pillar III and $23 million for Pillar Select. More than 25 investors are backing the new fund, including portfolio founders. Jamie Goldstein, Sarah Hodges and Russ Wilcox are Pillar VC’s three partners, and all three lead investments for...

Daily Crunch: In all-stock transaction, Zoom to...

July 19, 2021

To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Hello and welcome to Daily Crunch for July 19, 2021. In the old days, venture capital had seasons. VCs didn’t work in December, and the July-August period could be a bit hazy. Such variations have declined. Deal-making, it turns out, is now pretty much the theme for all seasons. Evidence? Just read what’s below! — Alex...

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