SpaceX’s Crew-5 mission has safely returned to Earth. On Saturday evening, the company’s “Endurance” Dragon spacecraft splashed down off the coast of Florida following a five-month stay at the International Space Station. The capsule was carrying NASA astronauts Josh Cassada and Nicole Mann, Japan’s Koichi Wakata and Russian cosmonaut Anna Kikina.The four spent 157 days in orbit during an ISS rotation that was one for the history books. As Space.com points out, the Crew-5 mission saw Mann, a member of the Wailaki people, become the first Native American woman to fly in space. It was...

Following the collapse of Silicon Valley Bank, Etsy is warning sellers it may take longer than usual for the company to process some payments. “We wanted to let you know that there is a delay with your deposit that was scheduled for today,” Etsy told affected merchants on Friday in an email the company shared with NBC News. “Please know that our teams are working hard to resolve this issue and send you your funds as quickly as possible.”An Etsy spokesperson attributed the delay to “the unexpected collapse of Silicon Valley Bank,” noting the company used the bank to facilitate...

The abrupt collapse of Silicon Valley Bank has affected the value of the world’s fifth-largest cryptocurrency, increasing fears of a possible ripple effect among Web3 companies. On Saturday morning, USD Coin fell to a record low of $0.87 after Circle, the company that manages the stablecoin, disclosed that $3.3 billion of the approximately $10 billion cash reserves backing USDC was held by SVB.As The Guardian notes, the drop is unprecedented. As a stablecoin, the value of USDC is supposed to remain stable thanks to its peg to the US dollar. According to data from CoinGecko, USDC’s previous...

Another day, another scrub for the world’s first 3D-printed rocket. On Saturday, Relativity Space’s Terran 1 rocket failed to get off the ground after two launch attempts. It was a day of false starts. Following Wednesday's scrub, Relativity Space initially set its sights on a 1:45PM ET launch, a window the company later push back to 2:45PM ET due to "upper-level wind violations." After the countdown restarted, all was going well until a boat entered the spacecraft’s range. Once the countdown resumed again, the company called a launch abort at t-minus zero after the spacecraft’...

As Silicon Valley Bank collapsed before our eyes on Thursday, a founder told me that the world felt like it did when COVID-19 first bared its teeth. I scoffed at his analogy at first: are we really using a still on-going and devastating pandemic to describe the fall of a prominent bank? But then I […]Silicon Valley’s surreal weekend by Natasha Mascarenhas originally published on TechCrunch

Global payroll provider Deel plans to provide $120 million of its own cash off its balance sheet to support startups’ payroll operations in the wake of Silicon Valley Bank shutting down. It has teamed up with Andreessen Horowitz (a16z) and Y Combinator – both of which are investors in Deel – to offer the support […]Deel makes over $120M of its own cash available to support customers affected by SVB crisis by Natasha Mascarenhas originally published on TechCrunch

The Federal Reserve issued a joint pair of statments on Sunday with one clear message: Silicon Valley Bank’s depositors, both insured and insured, will receive help in a manner that will “fully protect” all. Depositors, the statement reads, “will have access to all of their money starting Monday, March 13. No losses associated with the […]Silicon Valley Bank’s depositors will be fully protected, according to the Federal Reserve by Natasha Mascarenhas originally published on TechCrunch

Two of tech’s biggest entrepreneurs, OpenAI CEO Sam Altman and storied venture capitalist Vinod Khosla, are offering personal capital to startups on the brink of SVB collapse as their money remains locked up at Silicon Valley Bank. The bank, which was shut down and taken over by regulators on Friday, is involved with nearly half […]Sam Altman, Vinod Khosla say they’ll personally loan cash to startups in the wake of SVB collapse by Natasha Mascarenhas originally published on TechCrunch

In the US today, The Federal Deposit Insurance Corp. continued the auction process for the beleaguered Silicon Valley Bank, with final bids due by Sunday afternoon, according to Bloomberg. Any agreed sale may not be known until late Sunday, if at all. It’s still possible that no deal will be reached and the bank will […]As the SVB auction continues, the sale of its UK arm bounces between potential suitors by Mike Butcher originally published on TechCrunch

Some of the unflattering private messages among the network’s hosts and executives may never become evidence when Dominion Voting Systems’ defamation case against Fox News goes to trial.

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An auction for the remaining assets of the failed Silicon Valley Bank is reportedly underway, with final bids due this afternoon and a result potentially arriving late Sunday, according to Bloomberg. Bloomberg says that the U.S. Federal Deposit Insurance Corp. (FDIC), which stepped in and shut down SVB on Friday as it was experiencing an unprecedented […]FDIC auction for SVB assets said to be underway by Darrell Etherington originally published on TechCrunch

Kajabi, the video education and web hosting platform for content creators to sell, manage and market online courses, announced today that its 60,000 creators earned a combined $5 billion in lifetime gross merchandising value (GMV). The company claims that its GMV has increased by 528% since 2019 and more than doubled since the end of […]Online education platform Kajabi helps creators earn money for sharing their expertise by Lauren Forristal originally published on TechCrunch

Web3 promises greater resilience and security than Web 2.0, but it’s already creating a new playground for opportunistic cybercriminals.Web of lies: Web3 isn’t the security fix-all you think it is by Carly Page originally published on TechCrunch

Welcome to The Interchange! If you received this in your inbox, thank you for signing up and your vote of confidence. If you’re reading this as a post on our site, sign up here so you can receive it directly in the future. Every week, I’ll take a look at the hottest fintech news of the previous week. […]We’re only beginning to see the impact of Silicon Valley Bank’s implosion by Mary Ann Azevedo originally published on TechCrunch

The US Treasury Secretary Janet Yellen said the government is working with banking regulators to design “appropriate policies” to address the fallout of Silicon Valley Bank and is “concerned about depositors,” but she dismissed the idea of a bailout in a potential setback for the startup ecosystem that is reeling from what is the worst […]Yellen says gov’t concerned about Silicon Valley Bank depositors but dismisses bailout by Manish Singh originally published on TechCrunch

While I hope for the best for companies banking with SVB, it’s important for founders and CEOs to plan for the worst. This will be the weekend that differentiates a good entrepreneur from a bad one. A 10-step playbook for founders with Silicon Valley Bank accounts by Walter Thompson originally published on TechCrunch

The investor called on Congress to act more decisively to save SVB after it was taken over by regulators on Friday.Y Combinator calls on Congress to act on SVB collapse by Natasha Mascarenhas originally published on TechCrunch

Brex CEO Henrique Dubugras is currently working to raise over a billion dollars in a weekend to help fund an emergency bridge credit line that he believes will help startup customers impacted by Silicon Valley Bank’s collapse be able to make payroll next week. Dubugras declined to comment on how much capital has been committed […]Brex CEO is trying to raise over $1 billion in a weekend for SVB-related bridge loans by Natasha Mascarenhas originally published on TechCrunch

The dust has yet to settle in the largest bank run in U.S. history, a collapse that in just 48 hours dismantled the tech startup-focused Silicon Valley Bank. But already a debate is raging in the venture capital community and investors are picking sides. On Friday, a group of more than two dozen venture capital […]VCs are declaring their allegiances in the wake of SVB’s collapse by Kirsten Korosec originally published on TechCrunch

Happy Friday, folks. It’s Kyle again, Greg’s stand-in for Week in Review. (He’ll be back in a few weeks’ time, not to worry.) If you’re a WiR newbie, it’s the newsletter where we recap the past five days in tech news. I might be biased, but I’d say it’s the best way for the busy […]Silicon Valley Bank implodes, Apple launches a new music service, and ChatGPT goes enterprise by Kyle Wiggers originally published on TechCrunch

Founders and venture capitalists aren’t the only ones experiencing volatility right now: Silicon Valley Bank employees are seeing their jobs in flux as their employer falls apart. SVB, which was closed down yesterday, is now being run by regulators. And while employees are no longer employed by the bank, they got an e-mail from “the […]Regulators are requesting SVB employees to stay on for the next 45 days by Natasha Mascarenhas originally published on TechCrunch

Welcome to Startups Weekly, a nuanced take on this week’s startup news and trends by Senior Reporter and Equity co-host Natasha Mascarenhas. To get this in your inbox, subscribe here. Writer’s note: We’re breaking from our usual formatting this week because there was a once-in-a-generation collapse of one of the biggest banks in the country. […]OK, what is going on with SVB? by Natasha Mascarenhas originally published on TechCrunch

Welcome back to This Week in Apps, the weekly TechCrunch series that recaps the latest in mobile OS news, mobile applications and the overall app economy. The app economy in 2023 hit a few snags, as consumer spending last year dropped for the first time by 2% to $167 billion, according to data.ai’s “State of […]This Week in Apps: TikTok-style feeds come to Spotify and Reddit; Meta’s Fediverse plans by Sarah Perez originally published on TechCrunch

Enterprise cloud spend is holding up well, but large companies are looking into vendor consolidation. This makes cloud marketplaces an increasingly relevant sales channel for B2B startups.On cloud marketplaces, nobody knows you’re a startup by Anna Heim originally published on TechCrunch