Connect with us

Techcrunch

5 reasons why you should attend TC Early Stage 2021: Marketing

Published

on

It’s almost go-time for all you early-stage startup founders. That’s right, on July 8-9 thousands of determined entrepreneurs around the world will gather virtually for the best little two-day bootcamp we like to call TC Early Stage 2021: Marketing and Fundraising.

Two days focused on the bottom-line essentials to build your start up the right way. Here we lay out five reasons why you should stop what you’re doing, buy your pass and invest in a conference designed to make your work life a whole lot easier.

1. Learn from leading startup experts

We packed the agenda with incredible subject-matter experts who will offer highly interactive presentations across a range of topics every startup founder needs to know. Listen, engage and learn so you can avoid painful, expensive missteps and move forward without having to reinvent the wheel.

“Vlad Magdalin, founder of Webflow, was very candid about the challenges he faced on his journey to success. You always hear about startups that raise millions of dollars, but you don’t necessarily hear about the ups and downs it takes to get to that point. It’s important for early founders to see that side, too.” — Ashley Barrington, founder of MarketPearl and Early Stage 2020 attendee.

2. Implement advice right out of the gate

Plenty of conferences are long on opinion but short on advice that you can adapt and fold into your business now — when you need it the most. You won’t find that happening at TC Early Stage. Chloe Leaaetoa, the founder of Socicraft, told us she came away for Early Stage 2020 with tips she could implement right away.

“Sequoia Capital’s session, Start with Your Customer, looked at the benefits of storytelling and creating customer personas. I took the idea to my team, and we identified seven different user types for our product, and we’ve implemented storytelling to help onboard new customers. That one session alone has transformed my business.”

3. Expand your network

Big networks offer more opportunities. It’s just that simple. You’ll have plenty of time to expand your networking empire at Early Stage. And, as Ashley Barrington notes, you never know where a chance meeting might lead one day.

“CrunchMatch made it easy to set up short networking sessions with attendees all over the world, and that was a big benefit. I met other early-stage founders to learn what they’re working on, pool resources and connect for potential future opportunities.

4. Improve your pitch deck

Day two features a pitch-off between 10 early-stage founders. They’ll present their pitches and receive invaluable feedback from our panel of esteemed judges. Even if you’re not on that virtual stage pitching your heart out, you’ll learn a lot by tuning in. Take it from Katia Paramonova, founder and CEO of Centrly, who attended Early Stage 2020.

“The pitch deck teardown session was great. VCs reviewed my deck and gave specific, actionable advice. Watching them provide comments on other decks was helpful, too. We’re incorporating the feedback and when we start fundraising, the improved slides will make it easier for VCs to understand our value proposition.”

5. Connect with your community

Every TechCrunch event, whether it’s TC Early Stage, Disrupt or TC Sessions, strives to provide a sense of community. Why? Because you may go faster alone, but you’ll go further together. Commune, commiserate and celebrate with your tribe of early-stage founders.

“TechCrunch does this thing of connecting total strangers to create a genuinely supportive community. We’re all trying to do the same thing, which is bring our idea to life and make it a reality. I loved that unexpected benefit.” — Jessica McLean, director of marketing and communications at Infinite-Compute.

Buy your pass and join your community at TC Early Stage 2021: Marketing and Fundraising on July 8-9. We can’t wait to welcome you!

Is your company interested in sponsoring or exhibiting at Early Stage 2021 – Marketing & Fundraising? Contact our sponsorship sales team by filling out this form.

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.

Click here to access.

Source: https://techcrunch.com/2021/06/30/5-reasons-why-should-you-attend-tc-early-stage-2021-marketing/

Techcrunch

This Week in Apps: PayPal launches ‘super app,’ Twitter adds crypto tips, Apple won’t take Fortnite back

Published

on

Welcome back to This Week in Apps, the weekly TechCrunch series that recaps the latest in mobile OS news, mobile applications and the overall app economy.

The app industry continues to grow, with a record 218 billion downloads and $143 billion in global consumer spend in 2020. Consumers last year also spent 3.5 trillion minutes using apps on Android devices alone. And in the U.S., app usage surged ahead of the time spent watching live TV. Currently, the average American watches 3.7 hours of live TV per day, but now spends four hours per day on their mobile devices.

Apps aren’t just a way to pass idle hours — they’re also a big business. In 2019, mobile-first companies had a combined $544 billion valuation, 6.5x higher than those without a mobile focus. In 2020, investors poured $73 billion in capital into mobile companies — a figure that’s up 27% year-over-year.

This Week in Apps offers a way to keep up with this fast-moving industry in one place with the latest from the world of apps, including news, updates, startup fundings, mergers and acquisitions, and suggestions about new apps and games to try, too.

Do you want This Week in Apps in your inbox every Saturday? Sign up here: techcrunch.com/newsletters

Epic Games dares Apple to let Fortnite for iOS back in the App Store

Image Credits: Andrew Harrer/Bloomberg via Getty Images

Following the judge’s ruling in the Epic-Apple antitrust lawsuit, Epic Games CEO Tim Sweeney asked Apple to reinstate Epic’s developer account. But as Epic said, it aims to appeal the court’s ruling, Apple informed the company that it won’t be reinstating Epic’s account until the appeals have been resolved. In effect, that means Fortnite may not return to iOS for years, if Epic is forced to wait for the appeal’s decision to be made final.

Sweeney made the request public by tweeting out a letter he sent to Apple making the request and the company’s response. The letter promises Apple that Fortnite would play by the rules — something that it didn’t do before, when it breached its contract with Apple by implementing its own payments to force the lawsuit. The letter also noted it had already disabled Epic payments server-side since it can’t update the app on users’ devices. And it said it paid Apple the $6 million in fees ordered by the court, which had been gained as a result of routing around Apple’s in-app purchases with its own system.

But what makes the letter interesting is that it’s not just Epic asking for re-entry. It’s daring Apple to follow the current court order.

The judge’s decision deemed Apple “not a monopoly,” which Apple then jubilantly celebrated, saying it’s something “we’ve known all along,” quoting the judge’s statement that Apple’s success was “not illegal.” However, the one part of the case where Epic won was where the judge declared Apple’s current in-app purchase (IAP) system anticompetitive. The court’s decision was that Apple would now have to accommodate developers by giving them the choice to include buttons or links to other places where users could pay for their in-app purchases outside the App Store, in addition to Apple’s IAP option.

Sweeney’s letter tells Apple Fortnite will play by the rules if Apple will. That is, if Apple follows the court’s guidelines to allow buttons and external links to other purchasing mechanisms, then Epic would resubmit the Fortnite app. In other words, Epic is ready to take advantage of the now legal option to route around Apple’s IAP system.

Apple, though, wasn’t having it. Apple’s legal team called Epic’s behavior in the past “duplicitous” when it breached its contract, and Apple saw no reason to reinstate the account until the court’s decision is made final. And of course, Sweeney tweeted that too, noting that appeals may take up to five years. (So bad news, Fortnite players.)

Apple’s decline may help to signal to other developers not to try to break its rules, but for Epic it sets the stage for the next battle — one where it’s not just daring Apple to let it back in based on the new terms, but one where it’s also daring Congress to act, too. After all, Epic’s position seems to be, if Apple can boot out a multibillion-dollar company that made amends for breaking rules it believed to be illegal, then what hope would smaller developers have to ever fight back against the tech giant? And once kicked out, there is no other path to iOS. This seems to try to position Apple as the monopolist that the court said it wasn’t — which is what the appeal is all about.

Apps to have a record Q3, with $34B in consumer spending 

Image Credits: App Annie

A new forecast from (the recently busted) App Annie indicates the third quarter will be another good one for the app economy. Consumers worldwide will spend $34 billion on apps and games in Q3, a 20% year-over-year increase in spending. The jump indicates that the COVID-19 pandemic’s impact on consumer habits and behavior is having a lasting effect when it comes to how people are now using apps for entertainment, shopping, work and education. Consumer spending on iOS apps grew 15% year over year to $22 billion, and 15% year-over-year on Google Play, to reach around $12 billion. Most of this revenue is generated by gaming apps, which account for 66% of the spend across both app stores. In terms of non-gaming apps, iOS commands 76% of consumer spending

Downloads in Q3 will also grow by 10% year-over-year to reach a record high of 36 billion, driven by Google Play and particularly downloads in emerging markets like India and Brazil, and others.

Apple Updates & News

  • Apple released the public versions of iOS 15, iPadOS 15 and watchOS 8. iOS 15 adds a number of new features, most notably Focus modes, which allow you to personalize your experience based on your current context (work, sleep, driving, etc.); a revamped (and sort of controversial) Safari update; improvements to Apple’s core apps; and more.
  • Apple also released to developers iOS 15.1, beta 1. The new beta adds SharePlay, the co-viewing feature for FaceTime, which did not make it in time for the public release of iOS 15. It also allows users to store their vaccination records in the Health app by taking a photo. (Or, if your health provider syncs your medical records, it may be in there already.)
  • But! New data from Mixpanel indicates users are taking longer to upgrade to iOS 15 compared with iOS 14 at launch. In its first two days, iOS 14 had been adopted by 14.5% of users, compared with 8.5% for iOS 15.
  • Apple rolled out StoreKit 2 and new in-app purchase capabilities. StoreKit 2 adds new Swift-based APIs that allow developers to determine product entitlements and eligibility for offers, get a user’s history of in-app purchases, find out the latest status of a subscription, provide a way to request refunds and manage subscriptions from within an app, and more. An App Store Server API is also in production for getting users’ IAP history and subscription status. App Store server notifications, which provide real-time updates on IAPs to enable developers to create customized experiences, are coming soon.
  • iOS 15 brings a major ASO update to the App Store. Now, the store will hide the screenshots for the apps you already have installed on your phone, which allows other apps and games to gain more visibility. This will be particularly important for those that appear in searches for major brands.

Android Updates & News

Image Credits: Google

  • Google’s Android Automotive OS will come to Honda vehicles in 2022. The integrated version of Android Auto is already available in select Ford, GM and Volvo vehicles.
  • Google booted a game and suspended a developer’s account for using sexually explicit ads to direct users to their app. The ads were causing outrage across social media, including Twitter and TikTok, due to the nature of the ads, which encouraged players to commit sexual assault.

E-commerce/Food Delivery

  • Amazon is shutting down its Amazon Go app. The app allowed shoppers to go checkout-free at Amazon’s high-tech convenience stores where cameras and shelf sensors track what you buy. The functionality provided by Amazon Go is now being integrated into Amazon’s main app, the company said.
  • Uber Eats added a new map feature that allows users to search for food nearby by typing in either words or an emoji. That is, you could type in an emoji of a hamburger 🍔, and the map would display the exact distance from your location. The company said the change was introduced because a majority of users would switch to other map apps to find nearby food. Users will also be able to see delivery and pickup options within Uber Eats and the Uber app itself.

Image Credits: Uber Eats

Fintech

  • PayPal launched its new “super app,” which combines a variety of fintech tools under the hood. The app offers direct deposit with the ability to get paid up to two days early, improved bill pay, a digital wallet, peer-to-peer payments, messaging, shopping tools ported over from its acquisition of Honey, crypto capabilities and a “high-yield” savings account (well, it’s 0.40% APY) powered by Synchrony Bank. Some of the features are arriving now, others in the weeks and months ahead. And the rollout itself is staggered so you might not see the update right away, either.

Image Credits: PayPal

  • Following the threat of an SEC lawsuit, Coinbase canceled its planned launch of a “Lend” product which would have allowed users to lend their crypto holdings back to the exchange for the promise of earning interest rates that are much higher than traditional savings accounts offer. This sort of functionality is already offered by other platforms, like Gemini, which is why Coinbase was proceeding toward a launch before the SEC’s intervention.
  • Robinhood has begun quietly testing a new crypto wallet feature and cryptocurrency transfer features in a beta version of its app.
  • European fintech app Revolut launched commission-free stock trading in the U.S. to compete with Robinhood and others.
  • Square’s payment processing app glitched last weekend, which caused its automatic tipping screen to disappear for hours. The bug hurt restaurant workers, baristas and small business owners who lost out on what would have otherwise been hundreds of thousands in tips.
  • China banned crypto. The country’s central bank said all cryptocurrency-related activities are now prohibited and overseas exchanges providing services in China are now illegal.

Social

Image Credits: Twitter

  • Twitter continued to accelerate its product releases with this week’s introduction of even more features, including those in the crypto space. The company added support for Bitcoin tipping in its recently launched “Tip Jar” feature, which allows users to receive one-time payments through third-party services. Now, users will be able to add a Bitcoin Lightning wallet (via Strike’s API) or their Bitcoin address to accept crypto tips. Twitter also plans to support NFT authentication so creators could connect their crypto wallets to Twitter to showcase their NFTs. And Twitter said it’s planning to roll out recording to Spaces, launch a creator fund and other safety features, among other things.
  • Tumblr launched its subscription service Post+ into open beta in the U.S. The product has been controversial, as users worried about how it could impact the site’s culture. Some users were concerned it gave the appearance of something akin to Twitter’s verified badge, offering an elevated status. Tumblr has since responded to user feedback by removing the blue Post+ badge that appeared next to the names of users who enabled the feature.

Image Credits: Tumblr

  • Facebook’s stock tumbled after the company announced Apple’s privacy changes would have a bigger impact in Q3 and noted it had been underreporting iOS web conversions by approximately 15%. The latter had greatly panicked advertisers into thinking Apple’s ATT changes were even worse than feared. Investors didn’t respond well to the admission of the forecast, however, and the stock dropped several points after the announcement was made.
  • Pinterest partnered with Albertsons to make recipe pins shoppable. The grocery chain is looking to drive recipe hunters from pins to checkout.

Photos

  • Apple said it would add a new setting to its iPhone 13 that would allow users to turn off automatic camera switching to the macro camera when users get too close to their subject. There was already a setting that would disable the switching for video recording, which indicated that Apple knew that some people would prefer manual control over the switching.

Messaging

  • Telegram added a host of new features, including interactive emoji that display full-screen when tapped, new chat themes and livestream recording in an effort to continue to better compete with Messenger, WhatsApp, iMessage and other messaging apps. The latter new addition could be particularly useful for creators, as admins will be able to record video and audio directly from a livestream or video chat. The recorded sessions are then stored in the Saved Messages section.

Image Credits: Telegram

Streaming & Entertainment

  • Apple’s Podcasts app in iOS 15 added personalized recommendations to its “Listen Now” tab, in an effort to improve podcast discovery. Sections titled “If you Like [Show Name]” will suggest other sows that listeners like you are engaging with, while other recommendations will be based on topics you like. A new Shared with You section in Listen Now will display recommendations from friends and family.

Image Credits: Apple

  • TikTok celebrated the return of Broadway shows in New York with a slate of live programming produced by artists, Broadway partners and creators, including performances from Broadway casts; backstage tours showing off costumes, props and practice spaces; costume and makeup tutorials; and tips and tricks from theater professionals; and more.
  • Discord started testing YouTube integration just weeks after YouTube cracked down on popular Discord music bots. The feature, called Watch Together, lets Discord members watch YouTube videos (including music videos) together, either via a playlist or by pasting in YouTube links.
  • Clubhouse announced Wave, a new way to casually talk with friends on the app. The feature will replace starting private rooms with friends. After you “wave” at people who follow you, anyone who accepts will be able to join your private room as a speaker.
  • Clubhouse also hired Chelsea Macdonald as head of entertainment partnerships. She previously worked in similar roles at Community, Red Bull and Instagram.

Gaming

  • The Pokémon Company offered a sneak peek at the upcoming Pokémon Trading Card Game Live, which will be available on iOS, Android, PC and Mac devices. In addition to the classic card trading game, the new mobile game will also offer customization options and accessories for your trainer.
  • Outfit7’s newly launched My Talking Angela 2, a pet simulation game in its popular Talking Tom franchise, jumped to No. 1 by global downloads for its debut, while Genshin Impact reclaimed the No. 2 spot.
  • Pokémon Unite reached the No. 1 spot in game downloads in over 62 Countries on Day 1 (September 21st, 2021) of its release on the iOS App Store.

Health & Fitness

  • A report claims disgruntled Noom users said they felt misled by the diet app which had claimed to be an “anti-diet” lifestyle app, but whose plans were really just calorie restriction — like any other diet app. They were also frustrated by its expensive pricing and canned responses sent by burned-out diet coaches.
  • Apple’s Research app was updated with the option to transfer study progress data to other devices via iCloud backup.

Productivity

  • Google updated its suite of apps for iOS 15, adding support for new features like Focus Mode, Spotlight integrations and iPad widgets.

Government & Policy

  • TikTok parent company ByteDance added time limits for kids under 14 for the Chinese version of TikTok, called Douyin. Now, teens under 14 will be able to access Douyin only between the hours of 6 AM and 10 PM and will be limited to 40 minutes per day of usage. The changes follow a broader crackdown by the government on the tech industry, which includes reducing the time kids spend online, which it views as harmful.
  • An Indian antitrust probe determined Google abused its dominant position in the country to illegally hurt competitors by reducing device manufacturers’ ability and incentive to sell devices running their own version of Android. It also found that Google’s requirement to pre-install its own apps is in violation of India’s competition law.

Security & Privacy

  • Apple improved its Face ID security with iOS 15 to make it more difficult to spoof by using a 3D model for someone’s face.
  • Apple patched a new zero-day bug that was exploited in the wild by attackers to hack into iPhones and Macs running older versions of iOS and macOS. Successful exploitation of the bug leads to arbitrary code execution with kernel privileges on compromised devices. Meanwhile, a researcher has published a complaint that Apple has been non-responsive to their reports of other zero-days.
  • A report from The Washington Post dug into the shady ways apps were tracking users in the post-IDFA era. For instance, the game Subway Surfers was shown to be sending specific data points to Chartboost, which could then potentially use the data to uniquely identify your iPhone, a technique known as fingerprinting. This continues even if the user has asked the app not to track them.

Image Credits: Lightricks

💰 Facetune maker Lightricks raised $130 million in Series D funding, which included $100 million in primary and $30 million in secondary funding, and values the company at $1.8 billion. The new round was co-led by New York-based VC firm Insight Partners and Hanaco Venture Capital and will be put toward further product growth across its line of editing and creativity apps, as well as acquisitions.

💰 Digital bookkeeping app FloBiz raised $31 million in Series B funding led by Sequoia Capital India, Think Investments and its existing investors Elevation Capital and Beenext. The app has been downloaded more than 5 million times and has a heavier presence in regions like Maharashtra, Delhi NCR, Uttar Pradesh, Gujarat and Tamil Nadu.

💰 London-based grocery delivery app Jiffy raised $28 million in Series A funding led by family-owned investment company Heartland. The app has over 20,000 customers across six London-area delivery zones and promises fresh groceries in 15 minutes.

📈 Seattle fintech Remitly, available on web and mobile, priced its IPO at $43 per share, above the expected range of $38 to $42, valuing the business at $6.9 billion.

💰 Pakistan fintech TAG raised $12 million in funding from investors, including New York-based Liberty City Ventures and Canaan Partners, valuing the company at $100 million. Pakistan is the third-largest unbanked market with 100 million users without a bank account, which is driving demand for digital banking services.

💰 Livestream shopping app NTWRK raised $50 million from Goldman Sachs and luxury group Kering. NTWRK had previously raised a $10 million Series A, according to Crunchbase data.

Lounge (iOS, Mac, web)

Image Credits: Lounge

Lounge launched a remote work app into open beta which creates a more social environment for smaller, fully remote teams. The app introduces the concept of virtualized “desks” showing the time of day for that individual. It also offers “rooms” that can be organized by the company’s org chart or projects, or the rooms can be virtual representations of physical spaces — like a meeting room for gatherings or company cafeteria, where employees could hang out virtually. Desks and rooms can be locked and made private or they can be unlocked and open. Lounge also adopts features from consumer social apps like photo-sharing and drop-in audio for virtual “desk visits,” and displays employee’s participation in company-wide events, like steps or meditation challenges. Lounge is entering a public beta, which means you’ll have to request access for entry. (Read the details on TechCrunch)

Pokémon Unite (iOS and Android)

Image Credits: The Pokémon Company

The strategic battle game that first arrived on Nintendo Switch this summer has now arrived on mobile. Pokémon Unite offers the same free-to-start multiplayer online battle arena game, with the same maps and monsters as on the Switch. It also introduces Unite Squads for teaming up Trainers, who can create either their own squads or search for existing ones. With the mobile launch, the game supports cross-platform play, allowing users to continue their Switch game on their smartphone, and to play along with others regardless of which device is being used. Both Android and iOS are supported. Following its debut, Pokémon Unite reached the No. 1 spot in game downloads in over 62 Countries on Day 1 (September 21st, 2021) of its release on the iOS App Store, App Annie found. (Read the details on TechCrunch)

Amplosion

Image Credits: Amplosion

With iOS 15, there are a number of new and improved Safari extensions now available. But one worth checking out is Amplosion, created by Christian Selig, also the developer of popular Reddit client app Apollo. The extension allows you to easily redirect from Google AMP pages to their normal, non-AMP counterparts. If, however, you prefer the AMP versions of some websites, you can add them to an in-app Allowlist. The extension will show you how many pages it’s blocked via an in-app counter and home screen widgets. There’s even an Easter egg in the form of a digital dog named Lord Waffles that lives in the app who has his own widget too. The extension is also fully open source for transparency. The app is a $2.99 download on the App Store.

We have to agree, this is waaaay better than “bug fixes:” 

Yes, it is:

Image Credits: David Barnard on Twitter (opens in a new window)

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://techcrunch.com/2021/09/25/this-week-in-apps-paypal-launches-super-app-twitter-adds-crypto-tips-apple-wont-take-fortnite-back/

Continue Reading

Techcrunch

When the biggest Disruption is to just sit down and focus

Published

on

Welcome to Startups Weekly, a fresh human-first take on this week’s startup news and trends. To get this in your inbox, subscribe here. 

And just like that, TechCrunch Disrupt 2021 has come to an end. I’m exhausted, but it’s hard not to feel optimistic for the future after spending three days hearing vulnerable thoughts from some of the brightest minds in tech, from Canva CEO Melanie Perkins to comic-turned-creator Alexis Gay.

If I had to distill a singular takeaway from the hours of programming, demo floor and Startup Battlefield, it would be this: Disruption needs direction. We’re in the middle of unprecedented times, and while that’s been good news for some entrepreneurs (and bad news for very many), focus may be what leads us out of it.

The theme kept popping up in the panels that I hosted or tuned into. For example, when I bugged BBG Ventures’ Nisha Dua about how to best spend first-check capital, she kept homing in on the need for entrepreneurs to invest their north star, aka the most defensible and innovative part of their business, over flashier alternatives. When I bugged Duolingo CEO Luis von Ahn about where his now-public company is going next, he drew a line that stopped right before disrupting the college degree. And of course, when I asked Reid Hoffman about how early-stage founders can better attract capital, he outlined why it’s important to have an opinion and stick by it — controversy preferred. Even Nth Cycle, the runner up of TC Battlefield, wants to revolutionize metals processing by complementing existing processes, not ignoring them altogether.

It was refreshing to hear grounded yet inventive perspectives throughout the week. For those who missed it, we’ll be publishing recaps of all panels over the next week. Here are some of my favorite panels so far:

And of course, check out our podcast about TechCrunch Disrupt Battlefield, where we go behind the scenes and talk about the finalists.

Thanks to all of you that came out to learn, listen and support. As always, you can find me on Twitter @nmasc_. In the rest of this newsletter, we’ll get into bootstrapping and a crypto crackdown that you should probably be paying attention to.

Bootstrapping 101

Young woman standing on top of tall green bar graph against white background

Image Credits: Klaus Vedfelt (opens in a new window) / Getty Images

Mailchimp’s sale sparked a conversation about bootstrapping, so my colleagues Anna Heim and Alex Wilhelm dug into what it means to skip capital and grow off of revenues (imagine!). In their latest collab, the duo explained what bootstrapping is like today — in a world of infinite APIs, well-trained techies and ample demand for better software services.

Here’s what to know: They argue that the money is reaching farther than it ever has in the past.

But startups that don’t need — or perhaps simply do not want — to raise expensive equity capital while scaling have more tools within arm’s reach than ever before. Revenue-based financing is now an established concept. Some companies are taking it even further. Pipe has built a marketplace where companies can sell revenue — or perhaps we should describe it as a marketplace where revenue can be traded. A more active market for the buying and selling of revenue should help with price discovery, perhaps resulting in more attractive prices for founders and a more liquid market for their future receipts; the more capital that founders can access by selling top line instead of shares, the more viable bootstrapping may prove.

Beyond this:

China’s latest crackdown

crypto

Image Credits: Robinhood

China’s central bank said that all cryptocurrency-related transactions are illegal in the country and must be banned. The crackdown, within the world’s most populated nation, will limit internal, financial and payment companies from facilitating trading on their platforms, reports Manish Singh.

Here’s what to know, according to Singh: “Regulators in China have been weighing a ban on crypto mining for several years. But in recent quarters, several local firms have started to embrace crypto. Chinese app maker Meitu bought Bitcoin and Ether worth $40 million in March.” It’s unclear if this ban will be different from other tensions, or if the home of the largest crypto mining services will soon be chilled.

Crypto digest:

Around TC

Thanks to all who attended TechCrunch Disrupt 2021. It was heartwarming to see such an engaged, disruptive and genuinely fun audience come out to our virtual stage. In classic TC fashion, though, one event done, another one to go!

Next up we’re going to have TechCrunch Sessions: SaaS 2021. It’s our debut event that is laser focused on software as a vertical, and given how booming the subsector is, the timing couldn’t be better. Buy discounted passes to the event and check out the agenda for a sneak peek at some announced speakers.

Across the week

Seen on TechCrunch

California makes zero-emission autonomous vehicles mandatory by 2030

Attack of the $200M robotic raises

Clubhouse announces Wave, making it easier to start casual private rooms

A rewards program for your rent payments? Meet Bilt

The iPhone 13 Pro goes to Disneyland

Freshworks, Toast go public and we have takes

Seen on Extra Crunch

Dear Sophie: What’s the difference between IEP and the latest proposed startup visa?

It turns out fintech is worth as much as SaaS

Indications of a hot market abound as Freshworks, Toast price IPOs

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://techcrunch.com/2021/09/25/when-the-biggest-disruption-is-to-just-sit-down-and-focus/

Continue Reading

Techcrunch

Why my new NFT is worth nearly $400 and other observations from a fascinating week in tech

Published

on

Welcome back to The TechCrunch Exchange, a weekly startups-and-markets newsletter. It’s inspired by what the weekday Exchange column digs into, but free, and made for your weekend reading. Want it in your inbox every Saturday? Sign up here

Hello everyone! Disrupt was this week, which meant that I spent more time than usual with my feet up, watching panels and startup pitches. It was good fun, but also meant that I had fewer calls than I might in a more regular week. So, what follows is an abbreviated newsletter that is a touch more observational than reported, if you follow. Let’s have some fun!

Observation one: NFT speculation is good fun

I recently dipped a single toe into the world of NFTs. After covering the space, it was time to participate in a very minor fashion as you can learn a lot more by doing than merely reading. Of course I try to avoid any and all possible ethical quandaries, but I don’t think that my owning two-figures’ worth of crypto so that I could attempt to purchase a low-cost JPEG will really upset the apple cart.

It all went to hell, but an NFT that a kind Twitter user sent me is racking up bids. While I have not derived much pleasure from the particular image that I now own the digital signature to on a particular blockchain more than, say, most other online images, it has been sporting to watch folks try to buy it off me.

Several bids worth hundreds of dollars have cropped up (the latest sitting at $382.94), which made me sit back and wonder who really wants my image. I presume that I’m seeing speculation over value collection in the offers, but I do now better understand why NFT fans are stoked by their cottage industry. After all, who doesn’t want to magically generate real-world value from an image that, until recently, would have had essentially zero value? It feels like cheating. (To be clear, I am not selling my NFT as I don’t want to bother with the taxes, and it does seem like selling it for profit would generate some sort of ethics issue. So I guess I will hodl? Forever?)

Observation two: This is a great moment for fintech IPOs

The scalding public-market reception for Boston-based fintech unicorn Toast this week showed the world that it is possible to get software-like valuations for payments revenues, provided a sufficiently quick growth rate. Our read was that the warmth with which Toast was welcomed to the stock market indicated that it’s a great time for fintech unicorns to get off their collective duffs and go public.

I stand by that. But what I had perhaps missed was just how much value is sitting by the sidelines. Not in terms of valuation — we already know those numbers — but in terms of user numbers. Observe the following tweet:

I wouldn’t have guessed that Chime was in fifth place, but those figures imply simply huge payment flows which, as we have recently seen, are currently valued like rivers of gold. So NuBank and Chime and Dave and others, let’s do this thing? Please?

Observation three: Chinese tech is increasingly toxic

News this week broke that the Zoom-Five9 deal could be in for regulatory issues over the acquiring company’s Chinese roots. If Zoom having R&D operations in China means that it’s megabuy of Five9 goes poof, it would be an indicator not only of increasing distance between the two globally leading economies, but also a door-closing moment on a possible source of tech liquidity.

Also this week Lithuania warned that hardware from Chinese smartphone giant Xiaomi is able to detect and block certain terms that China’s government likes to censor. Now, maybe that’s just how Xiaomi makes all its phones, but it’s not a great look. The country has “told its civil servants to jettison their Chinese-made smartphones after experts found they contained automatic censorship software and other security flaws,” The Times reported.

Again, toxic.

Alex

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://techcrunch.com/2021/09/25/2208197/

Continue Reading

Techcrunch

Why my new NFT is worth nearly $400 and other observations from a fascinating week in tech

Published

on

Welcome back to The TechCrunch Exchange, a weekly startups-and-markets newsletter. It’s inspired by what the weekday Exchange column digs into, but free, and made for your weekend reading. Want it in your inbox every Saturday? Sign up here

Hello everyone! Disrupt was this week, which meant that I spent more time than usual with my feet up, watching panels and startup pitches. It was good fun, but also meant that I had fewer calls than I might in a more regular week. So, what follows is an abbreviated newsletter that is a touch more observational than reported, if you follow. Let’s have some fun!

Observation one: NFT speculation is good fun

I recently dipped a single toe into the world of NFTs. After covering the space, it was time to participate in a very minor fashion as you can learn a lot more by doing than merely reading. Of course I try to avoid any and all possible ethical quandaries, but I don’t think that my owning two-figures’ worth of crypto so that I could attempt to purchase a low-cost JPEG will really upset the apple cart.

It all went to hell, but an NFT that a kind Twitter user sent me is racking up bids. While I have not derived much pleasure from the particular image that I now own the digital signature to on a particular blockchain more than, say, most other online images, it has been sporting to watch folks try to buy it off me.

Several bids worth hundreds of dollars have cropped up (the latest sitting at $382.94), which made me sit back and wonder who really wants my image. I presume that I’m seeing speculation over value collection in the offers, but I do now better understand why NFT fans are stoked by their cottage industry. After all, who doesn’t want to magically generate real-world value from an image that, until recently, would have had essentially zero value? It feels like cheating. (To be clear, I am not selling my NFT as I don’t want to bother with the taxes, and it does seem like selling it for profit would generate some sort of ethics issue. So I guess I will hodl? Forever?)

Observation two: This is a great moment for fintech IPOs

The scalding public-market reception for Boston-based fintech unicorn Toast this week showed the world that it is possible to get software-like valuations for payments revenues, provided a sufficiently quick growth rate. Our read was that the warmth with which Toast was welcomed to the stock market indicated that it’s a great time for fintech unicorns to get off their collective duffs and go public.

I stand by that. But what I had perhaps missed was just how much value is sitting by the sidelines. Not in terms of valuation — we already know those numbers — but in terms of user numbers. Observe the following tweet:

I wouldn’t have guessed that Chime was in fifth place, but those figures imply simply huge payment flows which, as we have recently seen, are currently valued like rivers of gold. So NuBank and Chime and Dave and others, let’s do this thing? Please?

Observation three: Chinese tech is increasingly toxic

News this week broke that the Zoom-Five9 deal could be in for regulatory issues over the acquiring company’s Chinese roots. If Zoom having R&D operations in China means that it’s megabuy of Five9 goes poof, it would be an indicator not only of increasing distance between the two globally leading economies, but also a door-closing moment on a possible source of tech liquidity.

Also this week Lithuania warned that hardware from Chinese smartphone giant Xiaomi is able to detect and block certain terms that China’s government likes to censor. Now, maybe that’s just how Xiaomi makes all its phones, but it’s not a great look. The country has “told its civil servants to jettison their Chinese-made smartphones after experts found they contained automatic censorship software and other security flaws,” The Times reported.

Again, toxic.

Alex

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://techcrunch.com/2021/09/25/2208197/

Continue Reading
Esports4 days ago

Here are all of CS:GO’s Operation Riptide skins

Esports3 days ago

How to start a Private Queue in CS:GO

Esports2 days ago

Can You Play Diablo II: Resurrected Offline?

Esports3 days ago

How to complete all week one missions in Operation Riptide

Esports4 days ago

Valve reveals CS:GO Operation Riptide, featuring private queue, short competitive games, new deathmatch modes, and more

Esports2 days ago

Failed to Enter Game, Character Could Not be Found: How to Fix Error in Diablo II: Resurrected

Esports5 days ago

All Fashion Week Timed Research, Finding Your Voice Special Research, and event-exclusive Field Research tasks and rewards in Pokémon Go

Esports4 days ago

Pokémon UNITE APK and OBB download links for Android

Esports3 days ago

CS:GO Riptide Case: Full List of New Skins

Esports4 days ago

Some players unable to claim Pokémon UNITE mobile pre-registration rewards due to new error

Esports2 days ago

Valkyrae says YouTube is working on gifted members and a feature similar to Twitch Prime

Esports3 days ago

Initial reactions to the Worlds 2021 group draw: How does each team stack up against the field?

Esports4 days ago

5 Best Counters to Vex in League of Legends

Esports2 days ago

Valkyrae says YouTube is working on gifted members and a feature similar to Twitch Prime

Esports23 hours ago

Fall Guys achieves Guinness World Record for most downloaded PlayStation Plus game ever

Esports2 days ago

Best Stats for the Druid in Diablo II: Resurrected

Covid195 days ago

Fintech Apps Sees a Surge in Downloads Amidst the Pandemic

Blockchain3 days ago

United States Infrastructure Bill Brings Cardano Billionaire to Washington.

Esports2 days ago

Microsoft’s The Initiative brings on Crystal Dynamics to help develop its Perfect Dark reboot

Blockchain4 days ago

Bitcoin & Ethereum Options Expiry on September 24th, What Does This Mean for the BTC and ETH Price?

Trending