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Cryptocurrency exchange company Binance has released a new site that explains its proof-of-reserves system. The company is starting with BTC reserves. Right now, Binance has a reserve ratio of 101%. It means that the company has enough bitcoins to cover all users’ balances. This move comes a couple of weeks after the collapse of FTX, […]

Binance launches proof-of-reserves system for BTC holdings by Romain Dillet originally published on TechCrunch

Amazon will shut down its food delivery business in India by the end of the year, the retailer said Friday, retreating from a vertical it entered less than three years ago. The retailer will shut down the food delivery business, called Amazon Food, on December 29 in India. The company launched Food in India in […]

Amazon to shut down food delivery business in India by Manish Singh originally published on TechCrunch

Analysts and e-commerce leaders have been predicting a muted online holiday shopping season this year, with sales in the first three weeks of November essentially flat over a year ago due to a weaker economy, inflation, and more people returning to shopping in stores again in the wake of the Covid-19 pandemic. But looking at […]

Thanksgiving 2022 online sales pip past forecasts at $5.3B, up 2.8% on last year, mobile accounted for 55% of all purchases by Ingrid Lunden originally published on TechCrunch

Proton, the Swiss company behind a suite of privacy-focused products including email, has teased a fairly substantial upgrade for its flagship Proton Mail and calendar services. Although Proton has expanded into cloud storage and VPNs through the years, encrypted email remains Proton’s bread and butter — and that is arguably the most interesting facet of its latest […]

Be like Gmail? Proton Mail will soon offer email categorization, message scheduling, and more by Paul Sawers originally published on TechCrunch

After messing up the first launch of Twitter’s “power to the people” verification system, Elon Musk said that the social network will tentatively roll out a new multicolored verification system next week. The owner of Twitter said that, under this scheme, companies will get a gold checkmark, government officials will get a grey checkmark — […]

Elon Musk says Twitter’s new multicoloured verification will launch next week by Ivan Mehta originally published on TechCrunch

The US has had solo VC fund managers for many years but the trend is only just starting to catch on in Europe. One of the newest is Underline Ventures, started this year by Bogdan Iordache in Romania. His career trajectory towards being a Solo GP fits the profile: a former entrepreneur, a key player […]

A new wave of Solo GP VCs is coming to Europe and Hypernova hopes to power it by Mike Butcher originally published on TechCrunch