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Bitcoin just surged past $2,000 for the first time
May 20, 7:46PM
The world’s most popular cryptocurrency is now worth over $2,000 per coin. That’s according to a range of bitcoin exchanges, including Coinbase and Kraken. That valuation puts the total market cap of bitcoin — the total number of coins in circulation — at $32.92 billion. Bitcoin has been on a tear this year, as this chart from Coindesk shows. Bitcoin first broke… Read MoreSoftBank's massive Vision Fund raises $93 billion in its first close
May 20, 6:14PM
SoftBank’s huge $100 billion investment fund — the largest tech fund in history — announced its first close today… and it’s huge. The Japanese telecom giant revealed that its VisionFund has closed an initial commitment of $93 billion from a bevy of high profile backers. They include Apple, Qualcomm, UAE-based Mubadala Investment Company, Saudi Arabia’s… Read MoreThe bizarre naming trends that modern startups follow
May 20, 6:00PM
Startups put great effort into finding the perfect name. Ideally, it should be short, memorable, descriptive, and easy to pronounce. Names that meet all the criteria are commonly taken, however, so most founders find a compromise. They settle on a creative misspelling, add a word or just string together sounds they like. In the end, the hope is that a well-named startup will have an easier… Read MoreProject recreates cities in rich 3D from images harvested online
May 19, 10:57PM
People are taking photos and videos all over major cities, all the time, from every angle. Theoretically, with enough of them, you could map every street and building — wait, did I say theoretically? I meant in practice, as the VarCity project has demonstrated with Zurich, Switzerland. Read MoreDeep Algo offers simple code visualization for people who don't know how to code
May 19, 9:46PM
Deep Algo was one of the more fascinating companies on display in Startup Alley at TechCrunch Disrupt this week. The French team aims to make coding languages more accessible for the masses with SaaS (software as a service) offering that promises to do for languages like C++, C Sharp and Javascript what WYSIWYG does for HTML. It’s a pretty bold claim, but the company is confident that… Read MoreParking Kitty makes parking in Portland adorable
May 19, 8:37PM
Portland, Oregon, continued to keep it weird (and cute) this week when it rolled out Parking Kitty, a new app that lets you pay for metered parking. The app is based on Passport, one of the largest parking payment vendors in the United States. “We didn’t make a lot of changes,” said Malisa McCreedy, the parking division manager at the Portland Department of Transportation. Read MoreSalesforce marches steadily toward $10B run rate goal
May 19, 7:11PM
Salesforce is on a steady climb toward a $10 billion revenue run rate. And while it’s not quite there yet, its recent, nearly $2.4 billion quarter puts it squarely in the neighborhood. According to the company’s CEO, Marc Benioff, Salesforce’s revenue growth results give it “the fastest growth of any top [five] enterprise software company.” It’s clear… Read MoreThese are the arguments against net neutrality — and why they're wrong
May 19, 7:06PM
The next few months will be full of bitter dissent regarding the FCC’s net neutrality rules, how they should be enforced, and indeed whether they should exist at all. Several primary arguments against the rules as they stand have appeared as talking points or recurring themes; they are worth considering seriously and refuting definitively if possible. That’s what I’m hoping… Read MoreUber threatened to fire engineer at center of Waymo trade secret lawsuit
May 19, 6:48PM
Uber has issued a sternly worded letter to Anthony Levandowski, the engineer at the center of a lawsuit alleging theft of trade secrets from Google parent Alphabet’s self-driving technology unit Waymo. The gist? Comply with the court’s orders or risk being terminated. Read MoreA federal appeals court shoots down the FAA's drone registry requirement
May 19, 6:40PM
The FAA’s drone database hit a major snag this week, courtesy of a U.S. Court of Appeals ruling. The D.C.-based court sided with drone hobbyist John Taylor, who argued that the Federal Aviation Administration doesn’t have jurisdiction over what the law classifies as model aircraft. “Taylor does not think that the FAA had the statutory authority to issue the Registration Rule… Read MoreTwitter says Vine users' emails and phone numbers were exposed for a day, but weren't misused
May 19, 6:37PM
Twitter is alerting Vine users of a bug that exposed their email addresses and, in some cases, phone numbers to third parties. It’s also advising affected users to be cautious about any emails from unknown senders as a result. The company says the bug was only active for 24 hours before being patched, and doesn’t believe that the data was misused in any way, at this time.… Read MoreHorble gray, Burf pink: This neural network's attempts to name colors are inexplicably hilarious
May 19, 6:30PM
There’s hardly anything that we haven’t tried putting machine learning to work at, and usually they take to it like a duck to water. That’s not the case here, with a neural network attempting to learn how to give paint colors those fancy names like “spring rain” and “harbor mist.” How would you like to paint your house in a nice “dorkwood”… Read MoreFacebook rolls out a new "Order Food" option in its main navigation
May 19, 5:36PM
Facebook is now making it easier for you to order food from your favorite restaurants directly within its app, without having to navigate away to a delivery service or restaurant’s own app or website. In the main Facebook navigation on both web and mobile, a new option called “Order Food” is rolling out to select users. Indicated by a colorful hamburger icon on desktop and… Read MoreA new era for startup investing in Latin America
May 19, 5:00PM
Startups in Latin America are using creative solutions to address not just local but also global problems. For investors outside the region, the prospect of working with these startups can appear attractive, yet complicated. Investing in early-stage startups in Latin America can present challenges; however, time and time again I’ve found it can be well worth the effort. Read MoreAway nears 100K stylish suitcases sold as it raises $20M
May 19, 5:00PM
What do people actually want in luggage? A phone charger, unbreakable exterior, and maximum packing space at a resonable price is what Away discovered. So it built a line of sleek but expansive polycarbonite suitcases equipped with battery packs, and sold them direct-to-consumer. Now after selling nearly 100,000 suitcases and generating $20 million in revenue, Away has raised a $20 million… Read MoreWeekly Roundup: WannaCry ransomware attack, Google I/O, RecordGram wins Startup Battlefield
May 19, 4:50PM
This week the TechCrunch team threw another successful Disrupt conference, this time in New York City. 20 companies took the stage at TechCrunch’s Startup Battlefield, where they presented their products and took questions from our expert judges. The judges narrowed the competition down to five finalists. But RecordGram, a mobile recording studio where aspiring artists can find… Read MoreFacebook takes on Twitch with new live-streaming deal for esports
May 19, 4:27PM
In addition to Facebook’s announcement of a new partnership with the MLB to live stream a number of regular season games, the social network this week also signed a deal with global esports company ESL to bring over 5,550 hours of esports events and other original content to Facebook, including 1,500 of original programming. The move will aid Facebook in challenging Amazon-owned Twitch… Read MoreNaval Ravikant hints at future plans for Product Hunt and adding secondary trading to AngelList
May 19, 4:16PM
Earlier this week, at TechCrunch’s Disrupt event in New York, we sat down with AngelList cofounder and CEO Naval Ravikant to talk primarily about the platform’s new Angel Funds product, wherein a select number of proven “angel-operators” is being provided capital from AngelList and outside VCs to invest in a basket of startups. (We wrote about that new program here.)… Read More3D printing soft legs can help a robot walk across rough and rocky terrain
May 19, 3:41PM
A team of engineers at the University of California San Diego have applied the biologically inspired principles of soft robotics in order to develop a robot capable of navigating uneven terrain like rocks and sand. The soft and pliable materials mean the robot’s four legs are capable of conforming to their surrounds, so its on-board sensors don’t need a precise picture of the… Read MoreTwitter is down for some users
May 19, 1:37PM
Twitter seems to be having some technical difficulties this morning, with the network going down for some folks. Down Detector’s live outage map shows Twitter suffering outages in Japan, the UK, and now parts of the East Coast in the United States. Around 2am ET, Twitter’s Support account tweeted that some users may have had issues sending tweets, but that the issue had been… Read MoreIf at any time you'd like to stop receiving these messages, just send an email to feeds_feedburner_com_techcrunch+unsubscribe-hmdtechnology=gmail.com@mail.feed2email.net.
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