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

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

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How’s that for brevity in newsletter introductions? Let’s get to it so we can open a liquid death and let the week sink into the murky distance of memory sooner rather than later. — cristina Y Haje

TechCrunch Top 3

  • uh oh: Binance, one of the largest cryptocurrency exchanges in the world, confirmed that it found a breach in the blockchain bridge where hackers made off with $100 million. carly has more.
  • Evolution from elephants to unicorns: annie reports that Kenyan tourism-focused startup studio Purple Elephant Ventures raises $1 million in pre-seed funding to modernize the industry.
  • That until you see the photo: The Amazon Scout makes you want to walk up to him and give him a pat. Unfortunately, you may not have the opportunity to do so. After three years of introducing the robot, the delivery giant said it is cutting the program. Brian reports.

Startups and VCs

Wildfires have become an increasing threat as homes are built closer together and the growing impacts of climate change wreak havoc on natural landscapes. Entrepreneurs, in response, have begun developing technology aimed at minimizing the scale and damage of these natural disasters. Convective Capital is a new venture capital firm looking to endorse them, and raised $35 million to do so, Scholarship reports.

Haje got very bored of startups taking liberties with their market size, complaining that If you are a car dealer, your total useful market is not the value of the cars you sell. (that’s the SOM for the automaker). Your SOM is the total value of sales commissions, service plans, aftermarket goods and services, and everything else you can actually make money on.

And we have five more for you:

7 investors discuss how ag tech can solve agriculture’s biggest problems

Crop sprayer in field aerial view;  agtech

Image credits: the creative drone (Opens in a new window) / fake images

Of all the global industries, perhaps none is more susceptible to the dangers of climate change than agriculture.

There is a consensus among reputable scientists that the amount of CO2 we are putting into the atmosphere is exacerbating extreme weather events. How is that affecting how agtech venture capitalists operate during a recession?

To learn more, we surveyed:

  • Brett Brohl, Managing Director of Techstars Farm to Fork and Managing Partner of Bread and Butter Ventures
  • Monica Varman, Partner at G2 Venture Partners
  • Jinesh Shah, Managing Partner of Omnivore
  • Adam Anders, Managing Partner of Anterra Capital
  • Ting Ting Liu, investor, and Ashutosh Sharma, head of India at Prosus Ventures
  • Camila Petignat, Partner at The Yield Lab

Three more from the TC+ team:

TechCrunch+ is our membership program that helps startup founders and teams get ahead of the pack. You can sign up here. Use code “DC” to get 15% off an annual subscription!

great tech inc

Google plans to open its first data center in Japan by 2023, Ivan writes The hub is part of a $730 million infrastructure fund and will be the search engine giant’s third in the region.

In the meantime, Kyle Y Amanda looked artificial intelligence powered music generators and their place in an industry where it usually pays to be able to use their natural human abilities.

And another five more for you:

  • Sharing is showing interest: A new twitter feature encourages users to share the tweet instead of taking a screenshot and then posting it on other social networks, Ivan write
  • press pause: A judge ruled that the Musk test against Twitter can be temporarily put on hold while the two parties come to an agreement, Amanda reports.
  • it’s mariooooo: Amanda gives an inside look at the new “The Super Mario Bros movie”, where he writes: “So far, Chris Pratt’s Mario looks more like Andy Dwyer than Star-Lord, and we love that about him.”
  • making adjustments: Shopify has agreed to add some consumer safety features to its implementation in Europe which includes a faster and easier way for national consumer authorities to report problems, Natasha L. reports.
  • open a cold one: Pepsi is at the front of the line for some early Tesla Semi deliveries, kirsten write

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