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

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Kisses and happy Wednesday! I had to check the calendar before saying the day because does anyone really know which day is over? Amanda cracked me up with his story about waiting for a new Nintendo Switch release, only for the news to be something else. I also enjoyed the latest Equity podcast where Natasha and alexander discussed why everyone is copying each other. Either way, big tech and crypto news dominated our homepage today, so I’ve got plenty for you. Let’s start! — Christina

TechCrunch’s top 3

  • When one falls, the other falls: pot holder is on a roll this week, writing another front-page story, this time about crypto broker Voyager Digital, filing for bankruptcy. It seemed like a domino effect for the company, which cited Three Arrows Capital’s bankruptcy announcement last week as one of the factors. Apparently, Three Arrows owed Voyager Digital some $650 million. No change for sure.
  • scrape by: Meta sues Octopus Data, the US subsidiary of a Chinese company alleging that this company offered data scraping services for Facebook and Instagram, Paul reports. So you don’t have to look for that, data scraping is a way of using automated tools to collect data from websites “in bulk”. Paul says this is particularly timely because a US court “reaffirmed an earlier ruling that web scraping is legal” less than 3 months ago. Back to the drawing board, they go.
  • Bite into food delivery: Amazon is trying a new approach to not only get into restaurant delivery, but also to attract more Prime members. Market giant partners with Grubhub to offer free Grubhub+ membership (everyone gets a “plus”, huh?) for 1 year, Ingrid writing.

Startups and VCs

It seems that Bolt and Authentic Brands Group, the parent company of Forever 21, have kissed and reconciled. Authentic initially sued Bolt claiming that Bolt failed to deliver the promised one-click payment technology, which caused the company to lose some $150 million in sales. Mary Ann reports that the lawsuit was settled “out of court” and Authentic is even now a shareholder. It was a negotiation.

Crypto Gaming Startup Cauldron Closed $6.6M in Aim to Become the “Pixar of the Web3” Jacqueline writing. The company told him that it wanted to do more storytelling and create a legacy with its game Project Nightshade the way Pixar did with “Toy Story.” To infinity and beyond!

Celus wants to automate the way circuit boards are designed and has secured $25.6 million in new capital to leverage its artificial intelligence technology so that a circuit board can be redesigned in minutes, Paul writing.

What else do we have? Here are some more:

  • This fund is on fire: Rita writes about Bonfire Union, the venture capital arm of Mask Network, and its first $42 million fund to “invest in web3 like Tencent does in web2.” Oh, and she also wrote about Nothing and her Black Dot NFT.
  • Everyone deserves digital: I wrote about Finli, a startup that raised $6 million in new funding to continue developing its payment management app for service businesses.
  • An apple for the teacher: Online testing software startup Azota has received $2.4 million to help Vietnamese teachers create and score tests, Katherine writing.
  • Again: kate reported that Korean telecommunications company KT definitely liked what it saw in Rebellions, an AI chipmaker. The startup secured another $22.8 million in funding from KT just one month after KT contributed $50 million to it.
  • Blop, blop, fizzle, fizzle: Jordan sat down with Wonderbelly founders Noah Kraft and Doppler Labs founder Lucas Kraft to discuss the antacid startup’s new $3.3 million in funding and its mission to take on Tums.

Dear Sophie: How do I transfer an applicant’s H-1B card and green card?

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

Picture credits: Bryce Durbin/TechCrunch

Dear Sophia,

My startup needs to hire an AI expert, and our top candidate has a complicated immigration situation. She is from India and has been on an H-1B for over 6 years. His current employer applied for an EB-2 green card on his behalf about 4 years ago through the PERM process. She has been waiting for a green card number since she was approved and says it may take several more years before she receives it.

She asks us to transfer her H-1B and her green card to our company. Can we do it? Do we have any additional options to retain her?

— Advancing AI

(TechCrunch+ is our membership program, which helps founders and startup teams grow. You can register here.)

Big Tech inc.

More crypto to see here! Jacqueline takes a deep dive into the losses of cryptocurrency companies in the second quarter, which are down 52% from the same period last year.

Meanwhile, Kyle writes that IBM acquired Databand for its observability capabilities in helping “customers better identify and resolve data issues, including errors, pipeline failures, and poor quality.”

In cybersecurity news, hotel giant Marriott found itself on the wrong side of another data breach, Carly writing. She also presented a US government claim that North Korean hackers are targeting some of the country’s healthcare organizations with their ransomware. Meanwhile, Zack reports that Apple’s new lockdown mode “will disable certain features aimed at helping targeted individuals combat government-level spyware.”


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