After filing for bankruptcy, crypto lender Voyager Digital says it will ‘maintain operations’ – TechCrunch

After filing for bankruptcy, crypto lender Voyager Digital says it will ‘maintain operations’ – Nob6

Category : Startup

Author: Nob6 Team

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Greetings, and completely happy Wednesday! I needed to test the calendar earlier than I stated the day as a result of does anybody actually know what day it’s anymore? Amanda had me cracking up together with her story on ready for a brand new launch of Nintendo Swap, solely to have the information be one thing else. I additionally loved the newest Fairness podcast the place Natasha and Alex mentioned why everyone seems to be copying off one another. Anyway, large tech and crypto information dominated our homepage immediately, so I’ve a number of that for you. Let’s get began! — Christine

The Nob6 High 3

  • When one falls, one other falls: Manish is on a roll this week, writing one other high story, this time about Voyager Digital, a crypto dealer, submitting for chapter. It appeared to be a domino impact for the corporate, which cited Three Arrows Capital’s chapter announcement from final week as one of many components. Appears Three Arrows owed Voyager Digital some $650 million. Not chump change for positive.
  • Scraping by: Meta is suing Octopus Information, the U.S. subsidiary of a Chinese language firm alleging this firm supplied data-scraping providers for Fb and Instagram, Paul reviews. So that you don’t should look that up, information scraping is a method of utilizing automated instruments to assemble information from web sites “en masse.” Paul says that is notably well timed as a U.S. courtroom “reaffirmed an earlier ruling that internet scraping is authorized” lower than 3 months in the past. Again to the drafting board they go.
  • Biting into meals supply: Amazon is making an attempt a brand new strategy to not solely get a foot into restaurant supply, but additionally appeal to extra Prime members. {The marketplace} big is partnering with Grubhub to supply free membership to Grubhub+ (everybody has a “plus,” huh?) for 1 12 months, Ingrid writes.

Startups and VC

Evidently Bolt and Genuine Manufacturers Group, Endlessly 21’s dad or mum firm, have kissed and made up. Genuine was initially suing Bolt with claims that Bolt had not delivered the one-click checkout know-how that was promised, which resulted within the firm lacking out on some $150 million in gross sales. Mary Ann reviews that the go well with was settled “amicably,” and Genuine is now even a shareholder. That was some negotiation.

Crypto gaming startup Cauldron closed on $6.6 million towards the purpose of turning into the “Pixar of web3,” Jacquelyn writes. The corporate instructed her it desires to do extra storytelling and create a legacy with its Mission Nightshade recreation à la how Pixar did with “Toy Story.” To infinity and past!

Celus desires to automate the way in which circuit boards are designed and picked up $25.6 million in new capital to leverage its synthetic intelligence know-how so {that a} printed circuit board may very well be redesigned in a matter of minutes, Paul writes.

What else have we bought? Right here’s some extra:

  • This fund is on fireplace: Rita writes about Bonfire Union, Masks Community’s enterprise arm, and its first fund of $42 million to “spend money on web3 like Tencent does in web2.” Oh, and he or she additionally wrote about Nothing and its Black Dot NFT.
  • Everybody deserves digital: I wrote about Finli, a startup that raised $6 million in new funds to proceed creating its fee administration app for service-based companies.
  • An apple for the trainer: On-line testing software program startup Azota took in $2.4 million to help Vietnam’s academics in creating and grading assessments, Catherine writes.
  • At it once more: Kate reported that Korean telecom firm KT undoubtedly favored what it noticed in Rebellions, an AI chipmaker. The startup bought one other $22.8 million funding from KT only a month after KT poured $50 million into it.
  • Blop, blop, fizz, fizz: Jordan spoke with Wonderbelly founders Noah Kraft and Lucas Kraft, the Doppler Labs founder, to debate the antacid startup’s new $3.3 million funding and its mission to tackle Tums.

Pricey Sophie: How can we switch a candidate’s H-1B and inexperienced card?

lone figure at entrance to maze hedge that has an American flag at the center

Picture Credit: Bryce Durbin/Nob6

Pricey Sophie,

My startup wants to rent an AI professional, and our high candidate has an advanced immigration scenario. She’s from India and has been on an H-1B for greater than 6 years. Her present employer utilized for an EB-2 inexperienced card on her behalf about 4 years in the past via the PERM course of. She’s been ready for a inexperienced card quantity since she was accepted and says it might take a number of extra years earlier than she receives it.

She is asking us to switch her H-1B and inexperienced card to our firm. Can we do it? Do we have now extra choices to retain her?

— Advancing AI

(Nob6+ is our membership program, which helps founders and startup groups get forward. You possibly can enroll right here.)

Huge Tech Inc.

Extra crypto to see right here! Jacquelyn does a deep dive into the second quarter’s cryptocurrency firm losses, that are down 52% from the identical interval final 12 months.

In the meantime, Kyle writes that IBM acquired Databand for its observability capabilities in serving to “clients higher determine and repair information points together with errors, pipeline failures and poor high quality.”

In cybersecurity information, resort big Marriott discovered itself on the improper aspect of one other information breach, Carly writes. She additionally laid out a declare by the U.S. authorities that North Korean hackers are concentrating on a few of the nation’s healthcare organizations with their ransomware. In the meantime, Zack reviews that Apple’s new lockdown mode “will change off sure options aimed toward serving to focused people fight government-grade spyware and adware.”

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