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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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Announcing the Disrupt 2020 agenda

July 28, 2020

For the past 10 years, Disrupt has been a place for the tech community to come together to connect and learn. And while thousands of techies won’t be able to descend on the Moscone Center this year, the Disrupt show will most certainly go on. On the conference’s 10th anniversary, we’re coming to you virtually. This makes Disrupt 2020 the most accessible Disrupt ever. But just because it’s virtual doesn’t mean that the fundamentals of the show will change....

Hong Kong-based EMQ raises $20 million for...

July 28, 2020

Cross-border financial transactions are a major headache for individuals and large companies alike, who often have to deal with long wait times and high fees in order to send money to recipients in other countries. EMQ, a Hong Kong-based startup that develops network infrastructure to make international payments faster, announced today that it has raised a $20 million Series B led by WI Harper Group. EMQ’s technology is integrated by clients, including online banks digital wallets, e-commerce and merchant...

Bitcoin bulls are running, as prices spike...

July 28, 2020

The bitcoin bulls are back in town. The price of bitcoin surged today by $1,268.19, reaching a six-month high of $11,203.90, or a one-day gain of 12.73%. It’s another indication of the resurgence of both investor interest in the technology and renewed confidence in its long-term prospects after a rough year of regulatory scrutiny and declining value in the major cryptocurrencies. For cryptocurrency investors like Alyse Killeen, an advisor to Mantis VC (the investment firm launched by the celebrity...

Equity Monday: SAP, Qualtrics, and oh boy...

July 27, 2020

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines. This is Equity Monday, our weekly kickoff that tracks the latest big news, chats about the coming week, digs into some recent funding rounds and mulls over a larger theme or narrative from the private markets. You can follow the show on Twitter here, and myself here, and don’t forget to check out last Friday’s episode. Here’s what we talked about today: Headlines: SAP is...

Tire Agent, with a new financing platform,...

July 27, 2020

Tire Agent, an Entrepreneurs Roundtable Accelerator-backed startup that is looking to bring the tire industry into the 21st century, has today announced the close of a $5 million funding round led by American Family Ventures, with participation from ERA, Sidekick Fund, NY Angels and HBS Angels. According to Consumer Reports, the average tire costs about $97. Four new tires costs a little less than $400, and that doesn’t include added costs like taxes, fees or installation. Tire Agent wants...

Garmin global outage caused by ransomware attack,...

July 25, 2020

An ongoing global outage at sport and fitness tech giant Garmin was caused by a ransomware attack, according to two sources with direct knowledge of the incident. The incident began late Wednesday and continued through the weekend, causing disruption to the company’s online services for millions of users, including Garmin Connect, which syncs user activity and data to the cloud and other devices. The attack also took down flyGarmin, its aviation navigation and route-planning service. Portions of Garmin’s website...

This Week in Apps: Apple argues for...

July 25, 2020

Welcome back to This Week in Apps, the TechCrunch series* that recaps the latest OS news, the applications they support and the money that flows through it all. The app industry is as hot as ever, with a record 204 billion downloads and $120 billion in consumer spending in 2019. People are now spending three hours and 40 minutes per day using apps, rivaling TV. Apps aren’t just a way to pass idle hours — they’re a big business....

Revolut extends Series D round to $580...

July 24, 2020

Fintech startup Revolut just announced that it has raised $80 million as part of its Series D round that it announced in February. The new influx of funding comes from TSG Consumer Partners. In February, Revolut raised a $500 million led by TCV at a $5.5 billion valuation. Today’s new funding extends that funding round to $580 million — the company says the valuation remains the same. If you’re not familiar with Revolut, the company is building a financial...

WhatsApp to pilot projects to deliver credit,...

July 22, 2020

WhatsApp plans to offer credit, insurance and pension products to lower-income individuals and those in rural areas in India and help digitize local small and medium-sized businesses as the Facebook service looks to make a digital payments push in its biggest market by users. The instant messaging app maker has been working with banks — including ICICI, Kotak Mahindra and HDFC — in India for the past year to explore ways to bring financial services to individuals who have...

Rakuten will not renew its contract with...

July 22, 2020

Japanese e-commerce giant Rakuten has decided not to renew its contract with WeWork when it expires next month, according to a report in the Japan Times. Rakuten had leased about 700 desks in Tokyo, but is now planning to move employees from its fintech division into its own new offices. Both WeWork and Rakuten declined to comment to TechCrunch. Tokyo is also the headquarters of WeWork’s biggest investor SoftBank, which took ownership of the coworking startup last October as...

US charges two Chinese spies for a...

July 21, 2020

U.S. prosecutors have charged two Chinese nationals, said to be working for China’s state intelligence bureau, for their alleged involvement in a massive global hacking operation that targeted hundreds of companies and governments for more than a decade. The 11-count indictment, unsealed Tuesday, alleges Li Xiaoyu, 34, and Dong Jiazhi, 33, stole terabytes of data from high-technology companies, around the world — including the United States, the prosecutors said. More recently, the prosecutors accused the hackers of targeting the...

Tracking the growth of low-code, no-code startups

July 21, 2020

Companies in the sector are on pace to raise at least $500 million in 2020 Alex Wilhelm 9 hours Startup buzz comes in waves, with a particular thesis or focus coming into vogue at certain times. Remember the short-lived boom in chat bots? That was good fun. And there was the ICO craze, which lead every startup you’ve heard to consider the financing option for at least a weekend. We’ve also endured the early-AI bubble, the blockchain rush and a...

Dr. Seuss comes to the blockchain thanks...

July 21, 2020

From CryptoKitties to the NBA, Dapper Labs has paved the way for blockchain popularity beyond speculation that’s purely monetary and now with Dr. Seuss Enterprises another collectible application arises. Featuring the Lorax, Thing One and Thing Two The Cat in the Hat and Horton too, fans of Dr. Seuss can collect characters who in retrospect may prove to be more valuable than almost any other collectible. “As the world moves increasingly online, so has consumers’ desire for discovering and...

All B2B startups are in the payments...

July 21, 2020

Jeff Coppolo Contributor Jeff Coppolo has over 25 years of experience in the fintech industry and is currently Head of Global Business Development and Partnerships for payments processing company BlueSnap. The COVID-19 pandemic has forced businesses to rethink how they accept and make payments. Paper invoices, checks and point-of-sale payments have given way to “corona-free payments” through mobile apps, electronic invoicing and ACH. Although significant, this is the sideshow to a more significant reshuffling of the payments industry. Nearly...

Enabling humanoid robot movement with imitation learning...

July 19, 2020

Rish Joshi Contributor Rish is an entrepreneur and investor. Previously, he was a VC at Gradient Ventures (Google’s AI fund), co-founded a fintech startup building an analytics platform for SEC filings and worked on deep-learning research as a graduate student in computer science at MIT. More posts by this contributor It’s time to build against pandemics Assessing the potential for a gig economy in education Over the past two decades, humanoid robots have greatly improved their ability to perform...

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