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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.

 
Decrypted: Tesla’s ransomware near miss, Palantir’s S-1...
Another busy week in cybersecurity. In case you missed it: A widely used messaging app used by over a million protesters has several major security flaws; a little-known loophole has let the DMV sell driver’s licenses and Social Security records to private investigators; and the U.S. government is suing to reclaim over $2.5 million in cryptocurrency stolen by North Korean hackers from two major exchanges. But this week we are focusing on how a Tesla employee foiled a ransomware...

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In a post-NDA world, does transparency help...
Once upon a time, fintech founders could pitch 10 investors before closing a round in a relatively hushed way. Entrepreneurs could even ask VCs to sign nondisclosure agreements (NDAs) to keep their information confidential. Today, everyone is a fintech investor and no one signs NDAs. This changed dynamic puts founders in a difficult position. Nabeel Alamgir, CEO and founder of Lunchbox, struggled to raise his first institutional check for his restaurant tech startup. After searching for more than a...

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Apple mistakenly approved a widely-used malware to...
Apple has some of the strictest rules to prevent malicious software from landing in its app store, even if on occasion a bad app slips through the net. But last year Apple took its toughest approach yet by requiring developers to submit their apps for security checks in order to run on millions of Macs unhindered. The process, which Apple calls “notarization,” scans an app for security issues and malicious content. If approved, the Mac’s in-built security screening software,...

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The week’s biggest IPO news had nothing...
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. (You can sign up for the newsletter here!) Ready? Let’s talk money, startups and spicy IPO rumors. The week’s biggest IPO news had nothing to do with Monday’s S-1 deluge During Monday’s IPO wave I was surprised to see Asana join the mix.  After news had broken in June...

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Startups Weekly: With Asana, JFrog, Palantir, Snowflake,...
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. Pandemic numbers are looking better, it’s still a couple months before U.S. elections and a growing line of tech companies have already ventured out into public markets successfully this summer. Hard to imagine conditions beating the present any time soon, whether you’re traditionally banked, going with a direct listing or getting inside a SPAC vehicle....

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Daily Crunch: Tesla targeted in ransomware attack
The Justice Department reveals a thwarted malware attack on Tesla, Facebook tests linking your news subscriptions to your social network account and Xiaomi has plans for under-screen cameras. This is your Daily Crunch for August 28, 2020. The big story: Tesla targeted in ransomware attack The Justice Department released a complaint Thursday describing a thwarted malware attack against an unidentified company in Sparks, Nevada, where Tesla has a factory. And Elon Musk confirmed in a tweet that Tesla was...

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Banks aren’t as stupid as enterprise AI...
Simon Moss Contributor Announcements like Selina Finance’s $53 million raise and another $64.7 million raise the next day for a different banking startup spark enterprise artificial intelligence and fintech evangelists to rejoin the debate over how banks are stupid and need help or competition. The complaint is banks are seemingly too slow to adopt fintech’s bright ideas. They don’t seem to grasp where the industry is headed. Some technologists, tired of marketing their wares to banks, have instead decided...

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Railsbank is buying Wirecard Card Solutions, the...
Looks like another chapter is opening up for Wirecard, the disgraced fintech out of Germany that collapsed into insolvency earlier this year after facing a huge accounting scandal and subsequently failing to make payments on $1.5 billion in loans coming due. Railsbank, the UK startup backed by Visa and others that offers a range of financial and banking services by way of a set of APIs, has agreed to purchase Wirecard Card Solutions, the UK business that includes card...

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Fondeadora is a Mexican challenger bank that...
Meet Fondeadora, a fintech startup based in Mexico City that wants to build a full-stack neobank. The company just raised a $14 million Series A round led by Gradient Ventures, Google’s AI-focused venture fund. Founded in 2018, the company already manages 150,000 accounts and is adding $20 million in deposits every month. Mexico represents a massive opportunity for a challenger bank as many people still rely on cash for most of their transactions. Given that all countries are progressively...

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How Salesforce beat its own target to...
Salesforce launched in 1999, one of the early adherents to what would eventually be called SaaS and cloud computing. On Tuesday, the company reached a huge milestone when it surpassed $5 billion in revenue, putting the SaaS giant on a $20 billion run rate for the first time. Salesforce revenue has been on a firm upward trajectory for years now, but when the company reached $10 billion in revenue in November 2017, CEO Marc Benioff set the goal for...

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Payments services company Finix adds $30 million...
Finix, a startup that provides payments-related services to other companies, announced it has extended its Series B financing with a $30 million investment led by Lightspeed Venture Partners and American Express Ventures. The fintech startup has now raised over $96 million in venture capital. According to CEO and co-founder Richie Serna, $90 million of that total was grabbed in the last year alone. Finix declined to disclose its revenue, revenue growth, new valuation, current profitability, or number of customers...

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Cryptocurrency exchange FTX acquires portfolio tracker Blockfolio
FTX, a cryptocurrency exchange that offers derivatives, options and other sophisticated products, is acquiring a popular portfolio tracking app, Blockfolio. FTX is spending $150 million for the acquisition. But take that price with a grain of salt as it’s a combination of cash, cryptocurrency and stock. Cryptocurrency (and stock) in particular might not be perfectly liquid. While an exchange buying a portfolio tracking app seems to be a right fit, they don’t necessarily have the same audience right now....

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Here are the 94 companies from Y...
And we’re back! Today was part two of Y Combinator’s absolutely massive Demo Day(s) event for its Summer 2020 class. As we outlined yesterday, this is the first YC accelerator class to take place entirely online, from the day zero interviews all the way on through to their eventual demo day debut. We talked with YC President Geoff Ralston about what it was like to take the program fully remote (and whether or not it’ll be staying remote for...

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Our 12 favorite startups from Y Combinator’s...
Figma for filmmakers, TikTok for English learners and a cryptocurrency twist that actually makes sense? After 197 pitches, Y Combinator’s Demo Day for its Summer 2020 cohort has concluded. While the fanfare, run-ins and fortune cookies were missing in this virtual session, it was still exciting to see and hear founders from 26 countries pitch their passions. Of course, some opted for a more quiet route, raising millions before the two-day pitch session even kicked off. Members of the...

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Investment tech won’t solve systemic wealth gaps,...
Dean Sterrett Contributor Dean Sterrett is the co-founder, COO and head of product at LEX Markets, a commercial real estate securities marketplace for institutional and traditional investors. Philip Michael Contributor Philip Michael is CEO of NYCE Companies, a NYC-based media and fintech investment platform. Robinhood founder Vlad Tenev recently sparked controversy when he told the New York Times that lower participation in equity markets by younger Americans “ultimately contributed to the sort of the massive inequalities that we’re seeing...

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