FTX’s Ryan Salame posts jokes on LinkedIn as he heads to prison
After the criminal implosion of the crypto exchange FTX, many of the company’s executives have been found guilty on various counts of fraud or conspiracy to commit such acts. Ryan Salame, the former co-CEO of FTX Digital Markets, is starting his seven-and-a-half-year fraud sentence today, but not before posting an
Read moreSpaceX alums are working to raise a hefty $550M first deep tech fund
Interlagos, the venture capital firm started by former senior SpaceX leaders, is looking to raise $550 million for its first venture fund, according to regulatory filings and a confidential deck sent to prospective LPs and viewed by TechCrunch. The existence of the firm was first reported by TechCrunch in April,
Read moreThe FBI secretly created a coin to investigate crypto pump-and-dump schemes
Image: The Verge The FBI created a cryptocurrency as part of an investigation into price manipulation in crypto markets, the government revealed on Wednesday. The FBI’s Ethereum-based token, NexFundAI, was created with the help of “cooperating witnesses.” As a result of the investigation, the Securities and Exchange Commission charged three
Read moreBluesky joins Threads to court users frustrated by Meta’s moderation issues
Social networking startup Bluesky is seizing the moment. Amid ongoing moderation issues affecting X rival Instagram Threads, the decentralized X competitor Bluesky has created an account on Meta’s newest platform. In doing so, the startup aims to capitalize on the discussions now taking place on Threads, where a number of
Read moreTesla’s Robotaxi reveal, Palantir owns some of Faraday Future, and the Strava for EVs
Welcome back to TechCrunch Mobility — your central hub for news and insights on the future of transportation. Sign up here for free — just click TechCrunch Mobility! Your usual host Kirsten is out on vacation, but she didn’t leave without writing up This Week’s Wheels. But for the rest,
Read moreLinkedIn says 10M people have signed up as freelancers on its Services Marketplace
More than 100,000 people have been laid off in the technology industry alone this year, and — either by circumstance or choice — at least some of them are not heading back into exclusively full-time work. LinkedIn launched a freelancer marketplace in 2021 to capture some of that activity. Now,
Read moreHow stuck is the startup exit market? Pretty stuck, says Pitchbook
Deal analysis outfit Pitchbook today released a new report that underscores how fewer exits are impacting the startup investing ecosystem. Among its findings? Beyond what’s commonly known – that a lot of the fundings today are insider rounds and bridge financings aimed at keeping companies alive – cash back to
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