After filing for bankruptcy, crypto lender Voyager Digital says it will 'maintain operations'

TechCrunch Newsletter [TechCrunch logo]( [The Daily Crunch logo]( By [Christine Hall]( Wednesday, July 06, 2022 Greetings, and happy Wednesday! I had to check the calendar before I said the day because does anyone really know what day it is anymore? [Amanda]( had me cracking up with her [story on waiting for a new release of Nintendo Switch](, only to have the news be something else. I also enjoyed the latest Equity podcast where [Natasha]( and [Alex]( discussed why everyone is copying off each other. Anyway, big tech and crypto news dominated our homepage today, so I have a lot of that for you. Let’s get started! — [Christine]( [ image] Image Credits: Joe Raedle / Getty Images The TechCrunch Top 3 - [When one falls, another falls](: [Manish]( is on a roll this week, writing another top story, this time about Voyager Digital, a crypto broker, filing for bankruptcy. It seemed to be a domino effect for the company, which cited [Three Arrows Capital’s bankruptcy]( announcement from last week as one of the factors. Seems Three Arrows owed Voyager Digital some $650 million. Not chump change for sure. - [Scraping by](: Meta is suing Octopus Data, the U.S. subsidiary of a Chinese company alleging this company offered data-scraping services for Facebook and Instagram, [Paul]( reports. So you don’t have to look that up, data scraping is a means of using automated tools to gather data from websites “en masse.” Paul says this is particularly timely as a U.S. court “[reaffirmed an earlier ruling that web scraping is legal](” less than 3 months ago. Back to the drawing board they go. - [Biting into food delivery](: Amazon is trying a new approach to not only get a foot into restaurant delivery, but also attract more Prime members. The marketplace giant is partnering with Grubhub to offer free membership to Grubhub+ (everyone has a “plus,” huh?) for 1 year, [Ingrid]( writes. Startups and VC It seems that [Bolt and Authentic Brands Group, Forever 21’s parent company, have kissed and made up](. Authentic was initially suing Bolt with claims that Bolt had not delivered the one-click checkout technology that was promised, which resulted in the company missing out on some $150 million in sales. [Mary Ann]( reports that the suit was settled “amicably,” and Authentic is now even a shareholder. That was some negotiation. Crypto gaming startup [Cauldron closed on $6.6 million]( toward the goal of becoming the “Pixar of web3,” [Jacquelyn]( writes. The company told her it wants to do more storytelling and create a legacy with its Project Nightshade game à la how Pixar did with “Toy Story.” To infinity and beyond! [Celus wants to automate the way circuit boards are designed]( and picked up $25.6 million in new capital to leverage its artificial intelligence technology so that a printed circuit board could be redesigned in a matter of minutes, [Paul]( writes. What else have we got? Here’s some more: - [This fund is on fire](: [Rita]( writes about Bonfire Union, Mask Network’s venture arm, and its first fund of $42 million to “invest in web3 like Tencent does in web2.” Oh, and she also wrote about [Nothing and its Black Dot NFT](. - [Everyone deserves digital](: I wrote about Finli, a startup that raised $6 million in new funds to continue developing its payment management app for service-based businesses. - [An apple for the teacher](: Online testing software startup Azota took in $2.4 million to assist Vietnam’s teachers in creating and grading tests,[Catherine]( writes. - [At it again](: [Kate]( reported that Korean telecom company KT definitely liked what it saw in Rebellions, an AI chipmaker. The startup got another $22.8 million funding from KT just a month after [KT poured $50 million]( into it. - [Blop, blop, fizz, fizz](: [Jordan]( spoke with Wonderbelly founders Noah Kraft and Lucas Kraft, the Doppler Labs founder, to discuss the antacid startup’s new $3.3 million funding and its mission to take on Tums. [Dear Sophie: How can we transfer a candidate’s H-1B and green card?]( Dear Sophie, My startup needs to hire an AI expert, and our top candidate has a complicated immigration situation. She’s from India and has been on an H-1B for more than 6 years. Her current employer applied for an EB-2 green card on her behalf about 4 years ago through the PERM process. She’s been waiting for a green card number since she was approved and says it may take several more years before she receives it. She is asking us to transfer her H-1B and green card to our company. Can we do it? Do we have additional options to retain her? — Advancing AI (TechCrunch+ is our membership program, which helps founders and startup teams get ahead.[You can sign up here](.) [Read More]( [Dear Sophie: How can we transfer a candidate’s H-1B and green card? image] Image Credits: Bryce Durbin/TechCrunch Big Tech Inc. More crypto to see here! [Jacquelyn]( does a deep dive into the [second quarter’s cryptocurrency company losses](, which are down 52% from the same period last year. Meanwhile, [Kyle]( writes that [IBM acquired Databand]( for its observability capabilities in helping “customers better identify and fix data issues including errors, pipeline failures and poor quality.” In cybersecurity news, hotel giant [Marriott found itself on the wrong side of another data breach](, [Carly]( writes. She also laid out a claim by the U.S. government that [North Korean hackers are targeting some of the country’s healthcare organizations]( with their ransomware. Meanwhile, [Zack]( reports that [Apple’s new lockdown mode]( “will switch off certain features aimed at helping targeted individuals combat government-grade spyware.” - Do you want a ride? In automobile news, [Jaclyn]( reported on [Rivian’s goal]( of delivering 25,000 vehicles this year and [whether Polestar can pull off a SPAC]( where other electric vehicles have failed. She also covered a [lawsuit brought against Tesla]( by some former workers who say they shouldn’t have to sign a release in exchange for lower severance than federal law provides. Then [Harri]( discussed the highs and lows of [Tesla’s solar trailer](. - [Activision’s blizzard ahead](: The U.K.’s Competition and Markets Authority has launched an antitrust investigation into Microsoft’s $69 billion proposal to acquire Activision to see if it will reduce competition with any U.K. goods or services, [Ingrid]( reports. - Here’s your delivery: Amazon isn’t alone in its food delivery efforts. [Aisha]( writes that Walmart is making its [InHome grocery delivery service part of Walmart+]( (see? Told you.) as an optional add-on. Meanwhile, the [European Union is looking at Delivery Hero and Glovo]( with regard to antitrust inspections, [Natasha]( reports. - [Speaking of inspections](: [Ivan]( writes that India’s anti–money laundering agency raided Vivo’s offices. - [Time to drool](: [Brian]( tempts us with pictures of the new M2 MacBook Air. 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