Daily Crunch: After filing for bankruptcy, crypto lender Voyager Digital says it will ‘maintain operations’

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Happy wednesday! I had to check the calendar to make sure I knew what day it was. It was only when I was cracking up with her story about waiting for a new Nintendo game that the news was actually something else. Alex andNatasha talked about why people are copying each other on the Equity show. I have a lot of that for you because big tech and cryptocurrencies dominated our homepage. Let's start!

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

The parent company of FOREVER 21 has kissed and made up. The company missed out on $150 million in sales due to Bolt not delivering the one-click checkout technology that was promised. Mary Ann reported that the suit was amicably settled. There was a negotiation going on.

The goal of the startup is to become the Pixar of web3 She was told that the company wanted to do more stories and create a legacy with its Project Nightshade game. To infinite and beyond.

The company picked up $25.6 million in new capital to use artificial intelligence to redesign printed circuit boards in a matter of minutes.

What are we left with? There is more here.

• 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?

The image is from TechCrunch.

I would like to ask you a question, DearSophie.

The top candidate for the job has a complicated immigration situation. She has been on an H-1B for more than six years. The PERM process was used to apply for the green card on her behalf. It may take several more years for her to receive a green card number, she says.

We are asked to transfer her H-1B and green card to our company by her. We can do it. Are we able to retain her?

The advancement of artificial intelligence.

Dear Sophie: How can we transfer a candidate’s H-1B and green card?

Techcrunch+ is a membership program that helps startup teams. You can join here.

Big Tech Inc.

You can see more of the digital currency here. In the second quarter of this year, the losses of thecryptocurrencies companies are down from the same time last year.

IBM acquired Databand for its observability capabilities in order to help customers identify and fix data issues.

Marriott found itself on the wrong side of a data hack. The U.S. government claims that North Korean hackers are targeting some of the country's healthcare organizations. According to the report, Apple will switch off certain features aimed at helping targeted individuals combat government- grade spyware.