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

To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. 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 The TechCrunch Top 3 Probably nothing to see here: For a few moments there, cryptocurrency…

Daily Crunch: With just $2.2B in remaining liquidity, SVB’s parent company files for bankruptcy

To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Happy Friday Crunch! There’s a persistent theory in hardware that manufacturing overseas is the cheaper/better/more efficient option. You manufacture there, assemble somewhere else, and finally approve and get to market in the United States, Haje writes on TC+. It turns out that it’s possible to manufacture closer to home. With supply chains in the news more than ever, “nearshoring” is…

Nigeria’s inflation hits 21.91% amid cash crunch

Amid the uncertainties being faced by Nigerians due to the scarcity of the redesigned Naira notes, the nation’s inflation rate rose in February. Inflation rose to 21.91 per cent in February compared to 21.82 per cent in January, the National Bureau of Statistics announced Wednesday. The statistics office said the February 2023 inflation rate showed an increase of 0.09 per cent points when compared to January 2023 headline inflation rate. More details later… Support PREMIUM TIMES' journalism of integrity and

Daily Crunch: Silicon Valley Bank goes bust — regulators take control of $175B+ in deposits

To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PST, subscribe here. Hi, Crunchers, Today, there’s only one story on everyone’s lips: The sudden and dramatic collapse of Silicon Valley Bank (SVB), the 40-year-old Silicon Valley institution. With $209 billion of assets under management at the time of its failure, it’s the second-largest bank failure in U.S. history. A huge number of startups suddenly found themselves in a pickle as…

Tim Schafer Addresses Crunch In Psychonauts Documentary And How He’s Working To Prevent It

As part of an interview with IGN's Rebekah Valentine, legendary game developer Tim Schafer shed some light on the ways he and his team at Double Fine are working to maintain a healthy workplace while also reducing crunch. Schafer is known for transparency, and you can see this on display in the 32-part Psychonauts 2 documentary from 2 Player Productions. This is unusual, given the high degree of secrecy in the video game industry.Schafer, best known for his work on The Secret of Monkey Island, Grim…

Daily Crunch: Japanese marketing tech firm Geniee acquires Zelto for $70M

To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PST, subscribe here. Hello, you crunchy Crunchers! If you’ve been slacking and not bought yourself a Disrupt ticket yet, that’s cool, we still love you. But here’s a hot tip: This is your last chance for super-early-bird tickets, so maybe get on that sooner rather than later!  — Christine and Haje The TechCrunch Top 3 All roads lead to acquisition: Manish writes that after Japan’s Geniee acquired…

Naira loses further at official market amid cash crunch

Naira fell slightly against the United States’ dollar at the Investors and Exporters window on Friday, extending losses to two successive days at the spot market in the midst of currency scarcity across the country. Data published on the FMDQ website, where forex is officially traded, showed the domestic currency closed at ₦461.75 per $1 on Friday— the last business day of this week. This translates to N0.35 or 0.08 per cent depreciation from N461.40 to a dollar recorded in the previous session on Thursday. The…

The Wolf Among Us 2 Delayed Out of 2023 to Avoid Crunch and Burnout, Telltale Confirms

The Wolf Among Us 2 has been delayed out of 2023, developer Telltale confirmed in a tweet. In a related interview with IGN, CEO Jamie Ottilie attributed the delay to an effort in avoiding burnout and crunch. Furthermore, the studio wants to avoid releasing an unfinished game as it shifts development from Unreal Engine 4 to Unreal Engine 5. The sequel to the beloved episodic narrative based on Vertigo's Fables series of graphic novels was announced back at The Game Awards 2019. However, the COVID-19 pandemic raised a bunch…

Daily Crunch: Falling short of analysts’ estimates, Warner Bros. Discovery posts $2.1B net loss for Q4 2022

To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PST, subscribe here. Folks, we’ve got some really sad news for you. The weekend is here, which means that you have to stop working for a couple days. We know, it’s a tragedy. But don’t worry, Monday is only two short weekend days away, and then you can get back to the grindstone. Black History Month continues! Originally published in 1975, For Colored Girls Who Have Considered Suicide/When the Rainbow Is…

M&A talks gain momentum amid a prolonged funding crunch

Hi, this is Pranav Mukul in New Delhi.Even as the winter recedes from the capital, the chilly undercurrent of the funding winter was palpable at the GSV Emeritus India Summit, organised earlier this week at Gurugram, which saw participation from executives representing edtech startups and investors from across the country and overseas. While the on-stage discussions were on topics such as the use of immersive tech, evolving models of edtech, innovation and employability, potential merger and acquisition deals grabbed the…