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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.

 
Daily Crunch: Parler sues Amazon after going...
Platforms and infrastructure providers dump Parler, Microsoft unveils a new Surface and a Chinese fitness app raises $360 million. This is your Daily Crunch for January 11, 2021. The big story: Parler sues Amazon after going offline President Donald Trump has found himself banned from most of the major social media and internet platforms, with companies pointing to his role in inciting the violent takeover of the U.S. Capitol last week, as well as his continuing statements expressing support...

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Revolut applies for UK banking license
It’s hard to believe that fintech startup Revolut doesn’t have a proper banking license in its home country. But this is about to change as the company has applied for a banking license in the U.K. Up next, the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) are going to look at the application. Revolut already has a banking license in the European Union. The Bank of Lithuania has granted a license and the company is taking...

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Orange spins out Orange Ventures with $430...
Telecom company Orange is making some changes to its venture capital arm. Orange Ventures is becoming a separate legal entity and Orange itself is allocating $430 million (€350 million). With this new corporate structure, Orange could attract third-party investors in its fund. Other telecom companies have made some headlines with their venture funds in the past, such as SoftBank’s Vision Fund and Reliance Jio. Separating Orange Ventures from Orange is also going to boost confidence when it comes to...

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Stripe reportedly joins the tech platforms booting...
It might be easier at this point to ask which tech platforms President Donald Trump can still use. Payment-processing company Stripe is the latest tech company to kick Donald Trump off of its platform, according to a report in The Wall Street Journal. That means the president’s campaign website and online fundraising arms will no longer have access to the payment processor’s services, cutting off the Trump campaign from receiving donations. Sources told the Journal that the reason for...

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Bootstrapping to $80M ARR
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. So much for a quiet start to the year. Any hopes of 2021 giving us respite from the turbulent waters of 2020 went splat, as the first week...

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You’ll never believe what this email thread...
Among a number of claims on U.K. adtech lobby group MOW’s website is the canonical biggie that “Advertising funds the open web.” This coalition of “marketers,” whose members are not being made public despite its sweeping claims to love web openness — lest, MOW says, Google rain down punishment upon its ranks of “top companies from across the globe” — recently complained to the U.K.’s competition regulator about the tech giant’s plan to end support for tracking cookies. If...

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Bitcoin advocates revolt against the Trump administration’s...
Leigh Cuen Contributor Bitcoin fans across the country are rallying against a common enemy, the Treasury’s Financial Crimes Enforcement Network (FinCEN). US Treasury Secretary Steven Mnuchin, one of President Donald Trump’s closest associates, has been working overtime since Thanksgiving to push several crypto regulations through before the Biden administration takes over on January 20, 2021. FinCEN statements list the usual reasons for financial regulations, an effort to curtail terror financing, sanctions evasion and black market activity related to drugs...

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Tencent investment stays on game in 2020
It’s no secret that Tencent, the Chinese tech giant behind WeChat and a handful of blockbuster video games, is an aggressive investor. Even during 2020 when the pandemic slowed down economic activity in many parts of the world, Tencent was charging ahead with its investment ambitions. During the year, the company participated in more than 170 funding rounds that amounted to a total of 249.5 million yuan ($38 million), according to the Chinese startup database ITJuzi. That made 2020...

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Daily Crunch: Facebook bans Trump for two...
Online platforms take action against President Trump, Lenovo tries out a swiveling screen and Roblox raises $250 million. This is your Daily Crunch for January 7, 2021. The big story: Facebook bans Trump for two weeks After a pro-Trump mob stormed the U.S. Capitol yesterday, a number of online platforms moved to suspend accounts connected to the outgoing president. For example, Twitter locked Trump’s account for 12 hours after he posted several (subsequently deleted) tweets repeating his unsubstantiated claims...

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Lisbon’s startup scene rises as Portugal gears...
Almost four years ago I wrote a long deep dive into Lisbon’s tech scene. So it’s great to check back in with both Lisbon and Portugal for a slightly briefer update on where it’s at. As well-outlined by Stephan Morais, founder and managing general partner at Indico Capital Partners, Portugal has a very high quality of engineering talent at a competitive cost; an extremely high level of English language proficiency (compared to Spain, France, Italy); and a preference for...

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Mambu raises $135M at a $2B+ valuation...
Challenger banks, incumbent banks, and all of the many businesses that are making inroads into any kind of banking service all have something in common: when it comes to launching a new product like a credit line or a deposit or current account, these days many of them are opting not to build from the ground up, but are instead using third-party technology to power these services. Today, one of the big players in providing that tech is announcing...

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Affirm targets up to $38 per share...
Today Affirm, a fintech startup that offers payment options to e-commerce customers, released a new S-1/A filing. The new document follows a late-December filing of a similar nature, though that update focused on changing the language of Affirm’s reported results, tweaking its language to remove some adjusted metrics and hewing closer to generally accepted accounting principles, or GAAP. The company’s more recent filing details what could be its first IPO price interval, indicating that Affirm may price its shares...

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Jack Ma’s absence from public eye sparks...
The world’s attention is on Jack Ma’s whereabouts after reports noted the billionaire founder of Alibaba and Ant Group had been absent from public view since late October. On October 24, Ma delivered fiery remarks against China’s financial system to an audience of high-rank officials. Days later the Chinese authorities abruptly halted Ant’s initial public offering, an act believed to be linked to Ma’s controversial speech. The Chinese government subsequently told the fintech behemoth, which had thrived in a...

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The cauldrons of gold theory of media...
Another week, another email newsletter. This time, the story is Punchbowl, a politics-centric newsletter founded by a crop of recent Politico alums including Jake Sherman, Anna Palmer and John Bresnahan. Ben Smith has the story, as does Maxwell Tani at the Daily Beast with some more juicy details. Why do we need another newsletter analyzing Beltway politics in a world of Politico Playbook, Axios, The Daily 202 and a hundred others? In fact, why do we need the voluminous...

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One Way Ventures, a firm focused on...
One Way Ventures, a venture capital firm that backs immigrant founders, has closed its second fund at $57.5 million. The close comes three years after One Way announced its debut fund, a $28 million investment vehicle. The new fund will allow One Way to grow their check size from $500,000 to $1 million, giving them the ability to lead institutional seed rounds at a faster clip, says founding partner Semyon Dukach. The bigger fund is par for the course...

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