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Binance admits hackers used cross-chain bridge to steal at least $100M • TechCrunch

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How’s that for brevity in e-newsletter introductions? Let’s get to it so we are able to crack open a Liquid Death and let the week sag off into the murky distance of reminiscence sooner somewhat than later. — Christine and Haje

The TechCrunch High 3

  • Uh-oh: Binance, one of many world’s largest cryptocurrency exchanges, confirmed that it discovered a blockchain bridge breach the place hackers made off with $100 million. Carly has extra.
  • Evolving elephants to unicorns: Annie experiences that Kenya’s tourism-focused startup studio Purple Elephant Ventures raises $1 million pre-seed funding to carry some modernization to the trade.
  • What until you see the picture: Amazon’s Scout makes you simply wish to go as much as it and provides it a pat. Sadly, you won’t get an opportunity to. After three years unveiling the robotic, the supply big mentioned that it’s slicing again this system, Brian experiences.

Startups and VC

Wildfires have turn into an ever-increasing menace as homes are constructed nearer collectively and the rising impacts of local weather change wreak havoc on pure landscapes. Entrepreneurs, in response, have began to develop tech meant to attenuate the dimensions and injury of those pure disasters. Convective Capital is a new VC firm seeking to again them, and it raised $35 million to take action, Becca experiences.

Haje obtained actually bored of startups taking liberties with its market sizing, complaining that if you are a car dealership, your total serviceable market isn’t the value of the cars you sell (that’s the SOM for the automobile producer). Your SOM is the whole worth of the gross sales commissions, service plans, aftermarket items and companies and every part else you’ll be able to truly make cash on.

And we’ve 5 extra for you:

7 buyers talk about how agtech can remedy agriculture’s largest issues

Crop sprayer in field aerial view; agtech

Picture Credit: The Creative Drone (opens in a new window) / Getty Photographs

Of all world industries, maybe none is extra vulnerable to the hazards of local weather change than agriculture.

There’s a consensus amongst respected scientists that the quantity of CO2 we’re placing within the ambiance is aggravating excessive climate occasions. How is that impacting the way in which agtech VCs function throughout a downturn?

To be taught extra, we surveyed:

  • Brett Brohl, managing director of Techstars Farm to Fork, and managing companion at Bread and Butter Ventures
  • Monica Varman, companion at G2 Enterprise Companions
  • Jinesh Shah, managing companion at Omnivore
  • Adam Anders, managing companion at Anterra Capital
  • Ting Ting Liu, investor, and Ashutosh Sharma, India head at Prosus Ventures
  • Camila Petignat, companion at The Yield Lab

Three extra from the TC+ staff:

TechCrunch+ is our membership program that helps founders and startup groups get forward of the pack. You can sign up here. Use code “DC” for a 15% low cost on an annual subscription!

Large Tech Inc.

Google plans to open its first data center in Japan by 2023, Ivan writes. The middle is a part of a $730 million infrastructure fund and would be the search engine big’s third one within the area.

In the meantime, Kyle and Amanda checked out artificial intelligence–powered music generators and its place in an trade the place it usually pays to have the ability to use your pure, human talents.

And one other 5 extra for you:

  • Sharing is caring: A new Twitter feature encourages customers to share the tweet versus taking a screenshot of it after which posting to different social media, Ivan writes.
  • Press pause: A decide dominated that the Musk vs. Twitter trial could be placed on maintain quickly whereas the 2 events work out a deal, Amanda experiences.
  • It’s Marioooooo: Amanda offers you an inside have a look at the brand new “The Super Mario Bros. Movie,” the place she writes, “To this point, Chris Pratt’s Mario appears extra like Andy Dwyer than Star-Lord, and we love that for him.”
  • Making tweaks: Shopify has agreed so as to add some consumer safety features to its app in Europe that features a quicker and simpler method for nationwide client authorities to report issues, Natasha L experiences.
  • Crack open a chilly one: Pepsi is at the front of the line to get a number of the first Tesla Semi deliveries, Kirsten writes.

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