Hey everyone, and welcome back to Chain Reaction. Last week, we talked about the rough road ahead for Coinbase. This week, we’re talking a bit about Andreessen Horowitz’s multibillion-dollar bet on web3’s continued viability. Read on to check out the...

To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Happy Friday, Crunchers! It’s 27 May 2022, and we are slinking into a long weekend because it’s Memorial Day weekend here in the U.S....

It’s been a rough month in the tech sector. We’ve rounded up week after week of layoffs, and according to aggregator layoffs.fyi, more than 15,000 tech workers have lost their jobs this month. Hopefully the sun will come out in June. A number of tech companies that...

A New Jersey talent acquisition firm exposed the resumes and personal information of at least 30,000 prospective workers by leaving a database on the internet without a password. The database belongs to Voto Consulting, a North Brunswick company that finds U.S. jobs...

Rivian has hired a new chief operating officer to lead the restructuring and alignment of its operations, the automaker said Thursday. Frank Klein will join the company on June 1 as Rivian’s new COO to oversee the automaker’s production, manufacturing engineering and...

Much of the world’s attention around blockchain is on the highs and lows of cryptocurrency values. Startups like FlexID remind us that distributed ledger technology has the potential to play other roles, including offering trusted records of identities without...

Substack, the five-year-old newsletter platform that has aggressively positioned itself as a disruptive force in media, has abandoned efforts to raise a Series C round, the New York Times is reporting today. According to its sources, Substack held discussions with...

When I wrote my big TC1 on Bowery Farming late last year, there was a lot of talk of the company’s third commercial farming site in Bethlehem, Pennsylvania. Today the facility finally comes online after a big press unveiling. The New Jersey–based vertical farming...

A group of former executives from Binance, one of the largest cryptocurrency exchanges globally, has created a $100 million venture fund, the team told TechCrunch on Thursday. Old Fashion Research (OFR) – whose name is derived from the classic cocktail – was founded...

While the likes of Pipe are reaching multi-billion valuations, European revenue-based financing is experiencing as much of a boom as it is in the US. UK-based startup platform Bloom has now secured a £300m / $377m financing round led by Credo Capital and Fortress...