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It was only a matter of time before frustrated customers of the fallen crypto exchange FTX went after its deep-pocketed venture backers. Indeed, the most surprising thing about a class-action lawsuit flagged earlier by Bloomberg — one that accuses Sequoia Capital, Paradigm, and Thoma Bravo of promoting FTX to the detriment of its users — […]

If Sequoia, Paradigm and Thoma Bravo settle a new lawsuit, it could upend VC; here’s why by Connie Loizos originally published on TechCrunch

Binance, the world’s largest crypto exchange, expects to pay monetary penalties to settle probes into its business in the U.S., a top executive said, in a major about-face after publicly disputing the idea that it was under any investigation and mocking media outlets that reported otherwise. In an apparent admission of breaking laws, Binance chief […]

Crypto exchange Binance expects to pay penalties to settle US investigations by Manish Singh originally published on TechCrunch

Twitter is allowing cannabis ads to run on its platform in U.S. states where cannabis is legal and in Canada, according to the company’s blog and Axios. Twitter updated its ad policy Wednesday, making it the first social media app in the U.S. to allow cannabis advertising. Google last month updated its policies to allow […]

Twitter allows cannabis ads in states where it’s legal by Rebecca Bellan originally published on TechCrunch

The SEC proposed a new rule that may back crypto companies further into a corner as regulators continue to crack down on the space.

SEC’s proposal could affect which crypto companies can manage assets by Jacquelyn Melinek originally published on TechCrunch

Over a month after Roku announced its first Roku-branded TVs, which will launch in the U.S. in spring 2023, the hardware company reported its quarterly earnings this afternoon which showed Roku beat its own revenue expectations, reporting a total net revenue of $867.1 million for Q4. The company previously cautioned investors of a shaky fourth […]

Roku soars past revenue expectations as it bets on streaming devices to boost growth by Lauren Forristal originally published on TechCrunch

At Andreessen Horowitz’s recent American Dynamism summit, Hadrian founder and CEO Chris Power painted a picture of the country in peril. “I’m here to talk to you about an existential risk to the future of the Republic and how Hadrian is trying to solve it,” he began. His words – a mix of rationalism and […]

Silicon Valley goes to war by Aria Alamalhodaei originally published on TechCrunch

Apkudo, a Baltimore-based startup developing a platform to help manage, sell and test connected devices like smartphones and laptops, today announced that it raised $37.5 million in a Series C funding round co-led by Closed Loop Partners’ Leadership Fund and Piper Sandler Merchant Banking with participation from MissionOG, Harbert Growth, Grotech Ventures, Lavrock Ventures and […]

Apkudo, a platform for managing connected devices, raises $37.5M by Kyle Wiggers originally published on TechCrunch