Binance reopens after bug forces platform to suspend spot trading, deposits and withdrawals

TechCrunch Newsletter [TechCrunch logo]( [The Daily Crunch logo]( By [Christine Hall]( and [Haje Jan Kamps]( Friday, March 24, 2023 Friday Crunch is here! Friday Crunch is here! We are ready to go sit by the proverbial pool with an umbrella-ed drink in it. (Realistically, it’ll be the TV and a beer, while embodying fancy cocktails and a pool. The mind is powerful like that.) For now, on with the news! — [Christine]( and [Haje]( [ image] Image Credits: SOPA Images / Getty Images The TechCrunch Top 3 - [Probably nothing to see here](: For a few moments there, cryptocurrency giant Binance had to temporarily suspend spot trading, deposits and withdrawals,[Manish]( reports. Everything was back to normal as of this morning. - [Gone](: Google removed hundreds of Kenya-focused loan apps from its Play Store following a new policy that digital lenders needed to provide proof of license, [Annie]( writes. We watched something similar [play out with the Indian government]( and lending apps in February. - [Huge investment in EV](: Ford is stepping on the accelerator when it comes to electric vehicles and will manufacture a next-generation electric truck at its $5.6 billion factory in Tennessee in 2025,[Kirsten]( reports. [Iconosquare makes life as a social media manager way easier]( Sponsored by [Iconosquare]( [Save time and money without sacrificing insights! With in-depth analytics, automated reporting, and post scheduling all from one easy-to-use dashboard, managing your Instagram, Facebook, Twitter, LinkedIn, and TikTok has never been easier!]( [Try for Free]( Startups and VC Zigazoo, the startup known for its TikTok-style video-sharing app for kids, is launching a separate app targeted at Gen Z users, [Lauren]( reports. [The new app will take the flagship name and is meant for ages 13 and older](, whereas the original kid-focused app is for Generation Alpha (ages 3–12) and has been rebranded to “Zigazoo Kids.” Previous users in the younger age range will be automatically migrated to Zigazoo Kids. WebAssembly (Wasm for short) is an open standard that enables browser-based applications to run with near-native performance, [Frederic]( reports. It has also expanded to support non-browser environments, which is what is driving a lot of the recent hype around it. But like any emerging technology, it needs a stronger tooling ecosystem to realize its full potential, and [Dylibso raises $6.6 million to help developers take the tech to production](. And here are six more, as we are spinning our wheels getting ready for the weekend: - The circular laptop: Circular economy means to make laptops repairable, and [Devin]( reports that[Framework refines its laptops](and adds a cute way to reuse old parts. - The circular hoops: We wouldn’t dunk on cool tech like this — [Ingrid]( reports that[Huupe, a “smart” basketball hoop startup,](starts a full-court press with $11 million in new funding. - The circle of checks: Well, it was fun while it lasted! [Rebecca]( reports that[Twitter will kill “legacy” blue checks on April 1](, while [Ivan]( reports that [new Twitter accounts now have to wait only 30 days for Twitter Blue](. - The circle of seaweed: [Harri]( talks to a startup that believes there’s value in seaweed, saying that [the seaweed blobbing toward Florida has a silver lining](. - The circle of life: What if the bacteria already within us could help cure cancer? [Devin]( reports that[Pragma Bio is searching for cancer remedies hidden in our microbiome](. - Just going in circles: It’s a bold goal to take on Google Maps at its own game, but [Hivemapper is 1 million kilometers closer to that goal](, reports [Rebecca](. [Pitch Deck Teardown: Prelaunch.com's $1.5M Seed deck]( Earlier this week, Haje Jan Kamps interviewed Prelaunch.com CEO Narek Vardanyan to get his perspective on how hardware startups can [validate products before going to market](. In a follow-up, he analyzed the pitch deck for Prelaunch.com’s $1.5 million seed round, which showed investors how the company monetizes its product forecasts: - Cover slide - Summary slide - Market context slide - Problem slide - Solution slide - Problem with the existing solution slide - Product slide 1 - Results slide - Product slide 2 - Product slide 3 - Product slide 4 - Vision slide - Value prop slide - Traction and metrics slide - Business model and pricing slide - Market trends slide - Why now slide - Team slide - The Ask slide - Contact us slide Three more from the TC+ team: - How to feed your investors the data they want:[Investors want best-of-the-best ESG data.](Here’s how to give it to them, [T. Alexander Puutio]( advises. - Time for a bit of sleuthing: [Becca]( teaches [how you can use the secondary market to find clues about who will IPO first](. - A cryptic future: [Coinbase execs weigh in on the crypto’s future in US amid regulatory scrutiny](, writes[Jacquelyn](. [TechCrunch+]( is our membership program that helps founders and startup teams get ahead of the pack.[You can sign up here](. Use code “DC” for a 15% discount on an annual subscription! [Read More]( [Pitch Deck Teardown: Prelaunch.com's $1.5M Seed deck image] Image Credits: Prelaunch.com Big Tech Inc. Remember yesterday when we discussed that Terraform Labs’ CEO Do Kwon was reportedly [taken into custody](? Well, [Kate]( has an update, and it seems like Kwon was quite naughty, among other things, trying to flee to Dubai with falsified documents. Both the [U.S. and South Korea seek Do Kwon’s extradition]( so he can face multiple charges. It’s not known yet where he will end up. Now let’s round out our [TikTok coverage]( from yesterday. It looks like CEO Shou Zi Chew did not impress the Congressional audience. We did learn some new things, though: [Sarah]( reports that the social media giant [scans public videos to determine users’ ages](. Chew also denied that there was spying going on [when ByteDance employees surveilled journalists](. [Taylor]( has more on that. And we have five more for you: - On the other side of the pond: [Natasha L]( has a pair of overseas government news items. The United Kingdom’s antitrust watchdog said new evidence “provisionally alleviates” concerns in relation to the supply of video game consoles in the U.K. related to the [antitrust probe of the Microsoft–Activision]( deal. And the [French parliament voted for biometric surveillance at Paris Olympics](. - Up, up, but not away:[Blue Origin released a report]( on the launch anomaly that happened six months ago and vows to fly again “soon,”[Devin]( writes. - Cancel anytime: The Federal Trade Commission proposes a [new rule to make it easier to cancel free trials and subscriptions](. [Aisha]( has more. - Testing, testing 1, 2, 3:[Battery swapping provider Gogoro plans to scale in new markets]( via B2B partners, like Foodpanda in Singapore,[Rebecca]( reports. - 800,000 problems and AI is not one: The Allen Institute for AI created a database of 3D models of everyday objects for its AI to play around with — [800,000 virtual props]( to be exact,[Devin]( writes. [Read more stories on TechCrunch.com]( Newest Jobs from Crunchboard - [Senior Drupal Web Developer at MIT (Cambridge, MA, United States)]( - [Mobile/Web Developer (.Net) at Air Line Pilots Association (McLean, VA, USA)]( - [ASSOCIATE DIRECTOR EQUITY IN COMMUNITY INVESTMENTS at Catalyst California (Los Angeles, CA, USA)]( - [Cloud Engineer at GitKraken (Scottsdale, AZ, USA)]( - [UI UX Designer at GitKraken (Scottsdale, AZ, USA)]( [See more jobs on CrunchBoard]( [Post your tech jobs]( and reach millions of TechCrunch readers for only $200 per month. 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