Daily Crunch: US Law Enforcement Charges FTX Founder Sam Bankman-Fried with Fraud Following Arrest in the Bahamas and Extradition Proceedings
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Daily Crunch
The Daily Crunch is a daily newsletter that provides a summary of the top tech news stories of the day.
Stories
- Apple has released its iOS 16.2 update, which includes improved encryption for iCloud data, Live Activities on the home screen, and a karaoke feature for Apple Music.
- Twitter will remove all legacy verifications in a few months, meaning that users who previously had the blue check mark will no longer have it.
- Uber’s food delivery business has settled with over 4,000 dismissed couriers in Spain and agreed to pay severance to those let go ahead of the country’s labor reform law.
- Microsoft will sunset its Soundscape 3D audio app but release the code in an open-source format for developers.
Startups
- Mark Cuban is ready to fund a TikTok alternative built on Bluesky’s AT Protocol, according to Sarah Perez of TechCrunch.
- A new report from data provider Crunchbase shows that venture capital firms invested $75 billion in Q4 2022, but it’s still hard for startups to raise money.
Venture Capital
- Despite the high investment numbers, many startups are struggling to raise funds. Marina Temkin writes about the challenges faced by startups in securing funding.
- Failed fintech startup Bench racked up over $65 million in debt before shutting down, according to documents obtained by Charles Rollet of TechCrunch.
Trending Stories
- Maxwell Zeff and Kyle Wiggers write about OpenAI’s AI reasoning model, which sometimes "thinks" in Chinese without explanation.
- Sarah Perez reports on Bluesky’s new photo-sharing app, Flashes.
- Zack Whittaker writes about an iPhone software update that fixed a zero-day security vulnerability.
Newsletters
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