Moonbug nabs $145M to buy up kids’ digital media brands

Moonbug, a kid-focused media business founded by a pair of entertainment executives, has brought in a $145 million Series A investment led by The Raine Group, a merchant bank that supports technology, media and telecom efforts. Venture capital firms Felix Capital and Fertitta Capital also participated in the financing. Moonbug, headquartered in London, acquires and…

Lightspeed is raising its largest China fund yet

Lightspeed China Partners, the China-focused affiliate of Silicon Valley-based Lightspeed Venture Partners, has set a $360 million target for its fourth flagship venture fund, according to a document filed with the U.S. Securities and Exchange Commission today. If the target is reached, the fund will be Lightspeed China’s largest yet, per PitchBook. Lightspeed China’s previous two funds…

Italy: Securities Regulator Suspends Two Crypto Firms for Alleged Scam Investment Schemes

The Italian securities regulator, CONSOB, has suspended two projects for allegedly offering fraudulent crypto investment schemes. The 90-day suspensions were reported in an official statement on the CONSOB website published Monday, Dec 17. The Italian Companies and Exchange Commission, or Commissione Nazionale per le Società e la Borsa (CONSOB), is the Italian analogue of the…

Teen Bitcoin Millionaire Erik Finman Proclaims Bitcoin Is ‘Dead’ Long-Term

Teen crypto star Erik Finman has said Bitcoin (BTC) “may have a bull market or two left in it,” but that “long-term, it’s dead,” in an interview with financial news site MarketWatch on Dec. 17. Finman is famous for his precocious investment in Bitcoin back in 2011, when he reportedly bought in — at the…

Twitter’s support form leaked phone number country codes to IPs in China & Saudi

Twitter accidentally exposed the ability to pull an account’s phone number country code and whether the accounts had been locked by Twitter. The concern here is that malicious actors could have used the security flaw to figure out which countries accounts were based in, which could have ramifications for whistleblowers or political dissidents. The issue…

Getaround co-founder Jessica Scorpio leaves day-to-day role

Since launching Getaround at TechCrunch Disrupt New York in 2011, the car-sharing startup has expanded to over 90 cities and, more recently, raised a massive $325 million round of funding led by SoftBank. With the company in a good place and its co-founder and CMO Jessica Scorpio “really happy with where things are,” she told…

Report Claims Over 80 Percent of Top 25 BTC Trading Pair Volumes on CMC Are Wash Traded

A new report from data researchers at the Blockchain Transparency Institute (BTI) claims that the majority of the top 25 Bitcoin (BTC) trading pairs listed on CoinMarketCap (CMC) are based upon “grossly” inflated false volumes. The researchers’ findings for December were published in BTI’s “Exchange Volumes Report” on Dec. 13. BTI presents its report as…

New malware pulls its instructions from code hidden in memes posted to Twitter

Security researchers said they’ve found a new kind of malware that takes its instructions from code hidden in memes posted to Twitter. The malware itself is relatively underwhelming: like most primitive remote access trojans (RATs), the malware quietly infects a vulnerable computer, takes screenshots and pulls other data from the affected system and sends it…

The Google Assistant can now alert you of potential flight delays

If you’re an experienced traveler, you know that plenty of your delays are due to your plane being stuck somewhere else or because the weather at your local or arrival airport isn’t ideal (I’m looking at you, fogged-in SFO in the morning). So you also know to check on your incoming flight, even when the…

This post may contain sensitive media

It’s the end of an era. Earlier this month, Tumblr announced that it would delete all adult content from its platform on December 17. That day, friends, is today. The blogging platform has been furiously flagging posts as explicit since announcing the ban on December 3. Starting today, all of those flagged posts will be…