March 9, 20230CommentsNew York AG files suit against KuCoin, alleging the crypto exchange offers tokens, including ETH, that meet the definition of a security, without registering (CoinDesk)
March 9, 20230CommentsSome VC firms are encouraging their portfolio companies to pull funds out of Silicon Valley Bank while others are advising startups to keep no more than $250K (Erin Woo/The Information)
March 9, 20230CommentsNYC-based Vantage, which helps companies manage and optimize their cloud costs, raised a $21M Series A led by Scale Venture Partners, after a $4M seed in 2021 (Frederic Lardinois/TechCrunch)
March 9, 20230CommentsSilicon Valley Bank has launched a $2.25B share sale after a ~$1.8B loss on its ~$21B portfolio of Treasuries and mortgage-backed securities; SIVB is down 50%+ (Financial Times)
March 9, 20230CommentsInvestigation: some Pinterest users are creating sex-themed image boards of kids and the company’s algorithm is curating such content for adults who seek it out (Jesselyn Cook/NBC News)
March 9, 20230CommentsRailsr, the UK-based embedded finance tech startup formerly called Railsbank, goes into bankruptcy under new consortium owner; it was valued at ~$1B in 2021 (Ingrid Lunden/TechCrunch)