Some ruminations on decentralization of identifications

It’s tax season, which has me thinking about one of decentralized technology’s holy grails: self-sovereign identities. It’s a stirring vision, of a world in which control over our driver’s licenses, passports, birth certificates, social security numbers — the table stakes to participate in the modern economy — rests in our hands, rather than that of […]

GPS Rollover is today. Here’s why devices might get wacky

The Global Positioning System time epoch is ending and another one is beginning, an event that could affect your devices or any equipment or legacy system that relies on GPS for time and location. Most clocks obtain their time from Coordinated Universal Time (UTC). But the atomic clocks on satellites are set to GPS time. The […]

Scooters, remote workers, ethics, the future of fintech, etc.

Editor’s Note: refocused newsletters It was another dizzying week here at Extra Crunch as you will shortly see in this newsletter. One change that we are making: we are simplifying our newsletters to keep you better informed on what is happening on Extra Crunch. We are merging the daily, weekly, and article editions of this […]

Space tech rockets higher

Joanna Glasner Contributor More posts by this contributor Corporate biotech venture funding rises again 2019 US VC funds take a more boutique approach Venture investment in space technology is hitting stratospheric heights in recent quarters. But investors in the sector are betting it will rocket higher still. The latest example of high-velocity funding is satellite […]

Startups Weekly: US companies raised $30B in Q1 2019

Let’s start this week’s newsletter with some data. Nationally, startups pulled in $30.8 billion in the first quarter of 2019, up 22 percent year-on-year, according to Crunchbase’s latest deal round-up. A closer look at the numbers shows a big drop in angel funding and a slight decrease in mega-rounds, or financings larger than $100 million. […]

VSCO sues PicsArt over photo filters that were allegedly reverse-engineered

Photo editing app-maker VSCO has filed a lawsuit against competitor PicsArt. The suit focuses on 19 PicsArt filters that were supposedly “reverse engineered from VSCO’s filters,” with VSCO alleging it’s become a legal issue involving false advertising and violations of the app’s terms of service. “VSCO has invested significant time and resources in developing its presets […]

Morgan Stanley — which is underwriting Uber’s IPO — is denying reports that it marketed a short-selling product to Lyft investors

It’s getting low down and dirty out there again in the ride-hailing wars. According to a new report from The Information, newly public Lyft threatened Morgan Stanley with legal action earlier this week, demanding in a letter that the bank stop marketing a short-selling product that it believed was disrupting trading in its stock. It […]