Crypto market takes a dive with Bitcoin leading the way

Cryptocurrency prices continued to tumble Friday with Bitcoin leading the charge, with prices for the internet currency dipping below $50,000 for the first time since early March. Bitcoin is down roughly 20% week-over-week, around 30% from its all-time high of nearly $65,000 early last week. The ma

Longevity startup Longevica plans to launch supplements based on long-term research

A biotech company that has spent 11 years researching supplements to increase human longevity plans to launch its supplements later this year. Longevica says it has attracted a total of $13 million from investors, including Alexander Chikunov, a longevity investor, who is also president of the comp

Should you give an anchor investor a stake in your fund’s management company?

Raising capital for a new fund is always hard. But should you give preferential economics or other benefits to a seed anchor investor who makes a material commitment to the fund? These “VCs for investment management companies” are also known as GP stake investors or fund platforms. According to

India restricts American Express from adding new customers for violating data storage rules

India's central bank has restricted American Express and Diners Club from adding new customers starting next month, it said Friday, citing violation of local data-storage rules. In a statement, the Reserve Bank of India said existing customers of either of the two card companies will not be imp

Just one week left to save $100 on TC Early Stage 2021: Marketing & Fundraising

Don't let procrastination slow your roll. Yeah, we're looking at you, early-stage founders. At technewss, we love to reward action with savings. Want to save a cool $100? Buy your Early Stage 2021: Marketing & Fundraising pass before April 30, at 11:59 p.m. (PT), and you'll keep a

Norwest Venture Partners’ Lisa Wu to teach founders how to think like a VC at TC Early Stage

The best venture capitalists take moonshot risks based on due diligence, support portfolio companies through ups and downs and find focus through noise. When you look at the job description of the best founder, you'll find nearly the exact same list of characteristics (except, of course, instea

Introvoke raises $2.7M to power online events that can be embedded anywhere

Whe there’s been plenty of attention and money lavished on virtual event platforms over the past year, Introvoke co-founder and CEO Oana Manolache predicted that we’re only at the beginning of a “third wave of digital transformation.” In her framing, the first wave came at t

Hyundai invests in teleoperations startup Ottopia as part of $9M round

After spending much of his career in mission-critical environments, including the Israeli Air Force, Israeli Intelligence and leading development of a cybersecurity product at Microsoft, Amit Rosenzweig turned his attention to autonomous vehicles. It was a technology that he soon recognized would n

Since colleges are failing to prepare students for tech jobs, it's time to bring back apprenticeships

You can always tell a system is broken when you change the inputs and the outcomes don't improve. Any software engineer will tell you that. Using this metric, it's clear the United States' antiquated higher education system is truly broken. Overpriced and underperforming, the system is

Score a free 30-day Extra Crunch membership when you buy a pass to TC Sessions: Mobility 2021

Does the science, technology — and yes, art — of creating new ways to transport people and parcels get your EV motor running? Then join us on June 9 at TC Sessions: Mobility 2021. We'll pack the day with interactive presentations and breakout sessions. Explore new tech, find emerging trends

Disney Imagineering's Project Kiwi is a free-walking robot that will make you believe in Groot

The black curtain pulls aside and a character straight out of the movies waves hello. This is not an uncommon occurrence when I'm around Imagineers, but this time is special. The character isn't a costume, it's a robot. And, unlike the m?any animatronic figures you've seen in the

EU’s top data protection supervisor urges ban on facial recognition in public

The European Union’s lead data protection supervisor has called for remote biometric surveillance in public places to be banned outright under incoming AI legislation. The European Data Protection Supervisor’s (EDPS) intervention follows a proposal, put out by EU lawmakers on Wednesday,

Semiconductor specialist Alphawave IP plans $4.5B London IPO and move to UK HQ

Alphawave IP is a global semiconductor IP company that focuses on the way semiconductors communicate — something which is going to be crucial as 5G data networks roll out and start to power everything from homes, industry and autonomous vehicles, for instance. It's therefore interesting to no

SpaceX successfully launches astronauts with a re-used Dragon spacecraft for the first time

SpaceX has another successful human space launch to its credit, after a good takeoff and orbital delivery of its Crew Dragon spacecraft on Friday morning. The Dragon took off aboard a Falcon 9 rocket from Cape Canaveral in Florida at 5:49 AM EDT (2:49 AM EDT). On board were four astronauts, includi