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Crypto exchange Bittrex files for bankruptcy as regulators crackdown on crypto industry intensifies
Daniel Levi Posted On May 9, 2023


Bittrex crypto exchange is the latest casualty of the ongoing chaos and government crackdown on the crypto industry. Bittrex filed for bankruptcy protection on Monday following allegations from the U.S. Securities and Exchange Commission (SEC) that it operated an unregistered securities […]


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LinkedIn lays off 716 workers and shut down its China jobs app
Daniel Levi Posted On May 9, 2023


LinkedIn, the professional social media platform Microsoft acquired in 2016 for $26.2 billion, announced on Monday that it is cutting 716 jobs due to decreased demand. The social giant also announced it is shutting down its China-focused job application. The […]


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Binance to add Bitcoin Ordinal NFTs to Binance NFT Marketplace
Nickie Louise Posted On May 9, 2023


Two years ago, Binance unveiled its NFT marketplace where users can create, buy and sell digital collector’s items. At the time, Binance said its crypto exchange platform would operate two markets: a premium venue for top auctions and exhibitions and […]


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Israeli startup 8fig raises $140M to boost e-commerce SMBs amidst economic turmoil
Nickie Louise Posted On May 9, 2023


While many businesses struggled during the pandemic years, e-commerce companies continued to thrive as consumers increasingly turned to online transactions. In 2021 for example, retail e-commerce sales amounted to nearly $5.2 trillion worldwide. This number is forecast to grow by […]


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Intel plans fresh round of layoffs following the biggest quarterly loss in company history
Nickie Louise Posted On May 8, 2023


Late last month,  Intel reported its first-quarter results with a staggering 133 percent annual decline in the earnings per share, making it the biggest quarterly loss in company history. The company revenue also fell by nearly 36 percent to $11.7 billion. […]


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Meta’s Facebook has 3 billion users but many of them are old
Daniel Levi Posted On May 8, 2023


Facebook, the once-cool social media platform started by Mark Zuckerberg from a Harvard dorm room in 2004, is slowly going the way of the dinosaurs. Facebook is not dead yet but most of its users are up there in age. Today, […]


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Mayfield raises nearly $1 billion for its two venture funds to invest in early-stage startup companies
Nickie Louise Posted On May 8, 2023


Mayfield, a venture capital firm with a five decades history, announced today that it has secured $955 million in total for two venture capital funds. The first fund, Mayfield XVII, raised $580 million and will invest in seed and Series […]


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Patientory CEO Chrissa McFarlane Doubles Down on Healthcare Data and Blockchain; Here’s Why
Nickie Louise Posted On May 8, 2023


Entrepreneur Chrissa McFarlane is on a mission to radically improve healthcare by empowering people to take back control of their data. She’s a big believer in the potential of blockchain to do exactly this, providing people with better access to […]


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Silicon Valley startup Olyns raises $4M in funding to solve US recycling problem and reduce plastic waste
Nickie Louise Posted On May 8, 2023


The United States generates approximately 300 million tons of waste annually, according to a report from The Environmental Protection Agency (EPA). However, only 25% of that solid waste is recycled. Currently, the recycling rates in the U.S. and other countries […]


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Binance temporarily halts Bitcoin withdrawals due to heavy volumes and rising processing fees
Daniel Levi Posted On May 8, 2023


Binance temporarily halted Bitcoin withdrawals for several hours, causing shares of cryptocurrency- and blockchain-related companies to fall in premarket trading on Monday. The exchange said the halt was due to heavy volumes and rising processing fees. The halts caused the […]


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ChatGPT is powered by contract laborers making $15 an hour with no benefits
Daniel Levi Posted On May 8, 2023


Since its release on November 3, 2022, ChatGPT has been hailed as one of the most significant breakthroughs in the field of artificial intelligence (AI). Despite its remarkable success as an AI-powered chatbot, OpenAI’s ChatGPT still depends largely on an […]


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Qualcomm acquires Israeli auto-chip maker startup Autotalks in a $350-400 million deal
Nickie Louise Posted On May 8, 2023


Qualcomm announced on Monday it would buy Israeli auto-chip maker startup Autotalks. While the financial terms of the deal were not disclosed, Qualcomm reportedly paid approximately $350-400 million for the company. The announcement comes two years after Qualcomm partnered with […]


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Startup Spotlight  / Technology News
Google engineer jumps to his death from the 14th floor in New York City, second worker suicide in months
Daniel Levi Posted On May 5, 2023


A senior software engineer at Google jumped to his death from at Google’s headquarters in Chelsea, Chelsea late Thursday, according to a report from New York Post, citing authorities and police sources. The 31-year-old man, whose identity is being withheld […]


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Dutch startup Instruqt closes €15M in Series A funding after 5 years of bootstrapping
Nickie Louise Posted On May 5, 2023


For many years, Hilversum, Netherlands-based Instruqt has been helping companies bring their products to life through a series of engaging and interactive hands-on demos and training. Then after five years of bootstrapping its way to successful growth, the startup has […]


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Vice Media nears a $400 million deal to sell itself out of bankruptcy, report
Nickie Louise Posted On May 5, 2023


On Tuesday, we wrote about Vice Media after multiple reports that the media outlet was preparing to file for bankruptcy, two weeks after Buzzfeed News shuttered. Now, The Wall Street Journal (WSJ) reported Friday that Vice Media is close to […]


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Top tech startup news for Thursday, May 4, 2023: Captura, Impact Nano, Microsoft, OpenAI, and Shopify
Nickie Louise Posted On May 4, 2023


Good evening! Below are some of the top tech startup news stories for Thursday, May 4, 2023.   Carbon removal startup Captura raises funding from fossil fuel giants to take CO2 out of the ocean Climate change is one of […]


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OpenAI is trying to trademark GPT: OpenAI issues warning that “GPT” cannot be used for product or site names
Daniel Levi Posted On May 4, 2023


“If your project uses GPT-3, GPT-4, or ChatGPT you may choose to say in the Product description (not in the Product/Site name) that it is “Powered by GPT-3” or “Powered by GPT-4” or “Powered by ChatGPT” and/or “Powered by DALL-E” […]


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Microsoft opens up its ChatGPT-powered Bing search engine to the general public; the waiting list is over
Nickie Louise Posted On May 4, 2023


The waiting list is finally over. Microsoft finally removes the waiting list for its ChatGPT-powered Bing search engine. The new version of its Bing search engine, which features a chatbot powered in part by an OpenAI large language model, is […]


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Venom achieves a major milestone in its first public testnet launch with 223,446 wallets created
Daniel Levi Posted On May 4, 2023


Last week, we wrote about Venom after the Abu Dhabi-based Layer-1 blockchain organization launched its long-anticipated public testnet following many years of development. The launch marks a significant accomplishment in Venom’s roadmap as it prepares to launch on mainnet. Now, […]


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Chip materials startup Impact Nano raises $32M in funding from Goldman Sachs, Intel, and others
Nickie Louise Posted On May 4, 2023


The semiconductor industry is facing significant supply chain issues as a few foreign producers are responsible for providing chips, solar cells, and battery materials. This leaves companies vulnerable to supply chain disruptions. That’s why Massachusetts-based chip materials startup Impact Nano is […]


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