Author: TechBrunch
US Treasury officials have lifted sanctions on tornado cash, a crypto mixer that the US government previously said was used to stolen 7 billion worth of crypto theft by North Korean hackers. In a statement, the Treasury said it had “execute our discretion” to abolish tornado cash following the legal battle. Sanctions make it illegal for Americans or US companies to trade with listed entities. Cryptographic mixers allow customers to hide where the cryptography comes from, including contaminated or illegal funds, by merging the funds with other cryptography. In 2022, the Treasury denounced the “notorious” tornado cash for stolen codes…
Ukraine's state-owned railway operator Ukruzariznitya said he was hit by a massive cyber attack on Monday. CyberAttack has affected online ticket sales via the mobile app, but the trains continue to operate, according to a statement from the railway operator on the official Telegram channel. Ukraine-based journalist Dalina Antoniuk reported the confusion in records from Kiev's central station, writing that the capital's main railway station was “unusually crowded on Monday morning, with dozens waiting to buy tickets for travel in Ukraine and abroad.” In his announcement (for each machine translation): “As a last resort, if you don't have time to…
Call all tech innovators, startup fanatics, marketing gurus and emerging VCs. This is your moment! You've been waiting long enough, and now it's time to plunge into the spotlight at TechCrunch's 2025 TechCrunch Strupt, which will take place in San Francisco from October 27-29. Share your expertise with over 10,000 enthusiastic participants and host roundtable or breakout sessions to make an impact. Apply to speak on TechCrunch 2025 It curates a diverse group of industry experts to lead interactive breakout sessions and roundtable discussions, covering key topics that are most important to startup founders and entrepreneurs. Do you think it…
TechCrunch All Stage will return to Boston, Massachusetts on July 15th to Jam Pack Day for actionable insights to drive startup growth no matter what stage the founder is at. With an expert-led lineup of sessions, founders leave practical strategies that can be implemented immediately. Investors are there too, and want to find the next great opportunity to network and support them. The perfect blend of learning, connection and innovation. Previously known as the early stages, events reflect the success of a startup occurs at all levels. Book your tickets now and save up to $320 on the Early Bird…
DNA and genetic testing company 23AndMe is in disarray following a 2023 data breaches and its continued financial decline. The once-pioneering giant faces an uncertain future as bankruptcy looms on the company, increasing concern about what will happen to genetic data for around 15 million customers at 23andMe. Best known for its saliva-based test kits that allow you to get a glimpse into a person's genetic ancestors, 23andMe has plummeted more than 99% from its $6 billion peak since its release in early 2021 after not passing profits. That lack of benefits was attributed to the inactive growth of subscription…
According to reports from local media, Furiosaai, a Korean startup that manufactures chips for AI applications, rejected a $800 million acquisition offer from Meta and chose to instead focus on the development and production of AI chips. The report says that negotiations have collapsed due to differences in opinion regarding post-acquisition business strategies and organizational structures rather than pricing issues. Along with other tech companies building large language models (LLMS) for a variety of AI applications, Meta is looking to reduce its dependence on NVIDIA for chips specialized in training and building LLMS. Last year, the tech giant unveiled custom…
The new report introduces 20 top trends open source startups around the world. This report is handicrafted by Runa Capital, a European venture capital firm that has been operating the Runa Open Source Startup (Ross) index since 2020. This index provides quarterly updates of the fastest growing projects in terms of Github's “stars” perspective. Starting in 2023, Runa began writing its annual report, highlighting the most popular commercial open source startups for a particular year. Last year's report showed that AI and data infrastructure are driving demand for open source tools. LANGCHAIN attacked pole positions with loss indexes for an…
Factory is a huge trend in defense technology. Anduril announced the $1 billion MegaFactory in Ohio earlier this year, but Saronic said last month it plans to mass-produce its autonomous warship. Now, Andrill is considering building a factory in the UK to expand beyond the US defense contract. “We absolutely plan to open a facility in the UK if we receive enough orders,” Rich Drake, general manager of Andrill in the UK and Europe, told Bloomberg. Anduril may use the factory for drones and R&D and may choose somewhere near Oxford and Cambridge, which Sifted previously reported. The European defence…
Valve removed the video game from the online store Steam after the user reported that the user had installed malware on their computers. The game was called Sniper: Phantom resolution and promised to give players “realistically” [first-person shooter] According to Steam Page archives, mechanics, dynamic storytelling, and high stakes missions. The first report that the free demo of the game could actually be malware came from several Reddit users downloaded and analyzed earlier this week. The removal of the game from Steam was first reported by Thegamer. Last month, Valve had to deal with a similar situation when it deleted…
Welcome to Startups Weekly – Summary every week everything you need to miss from the startup world. Want to put it in your inbox every Friday? Sign up here. It is rare to report on 11-digit startup acquisitions, not to mention multiple high-value transactions in a week. And there are more subtle signs than it looks surprisingly bright in the startup land. The most interesting startup story of the week Image credits: Kimberly White / Getty Images / Flickr (Opens in new window) CC by 2.0 (Opens in new window) License. This week has brought in several acquisitions, new startups…