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Contrary to the picture prosecutors tried to paint, Bankman-Fried insisted that he was not involved in the day-to-day trading operations of Alameda or its “core operations.” © 2023 TechCrunch. All rights reserved. For personal use only.

African mobile video network StarNews Mobile has secured $3 million in pre-Series A funding. StarNews offers African content creators a platform for monetizing their work through a subscription model. Currently, the service is available in six African countries, including Cameroon (where it started), Nigeria, Ghana, Congo, Benin and Ivory Coast. Founder and CEO Guy Kamgaing […] © 2023 TechCrunch. All rights reserved. For personal use only.

The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive the newsletter every weekend in your inbox. Subscribe for free.  Welcome back to The Station, your central hub for all past, present and future means of moving people and packages from Point A to Point B. […] © 2023 TechCrunch. All rights reserved. For personal use only.

More South Korean investors are putting money into Southeast Korea startups, creating an “investment corridor” between the two regions. The latest one is KIPSEA. Short for Korean Investment Partners Southeast Asia, KIPSEA has a Singapore-based team and just announced its first fund close of $60 million. Limited partners come from South Korea, Hong Kong and […] © 2023 TechCrunch. All rights reserved. For personal use only.

Volkswagen’s software unit Cariad will delay the launch of its new software architecture yet again as it deals with a large round of layoffs. Just three years after VW created Cariad, and only six months after an executive shakeup, the unit has planned to cut 2,000 jobs, German publication Manager Magazin reported over the weekend. […] © 2023 TechCrunch. All rights reserved. For personal use only.

X posts that are corrected by Community Notes, the platform’s crowd-sourced fact-checking system, will become “ineligible for revenue share,” Elon Musk said Sunday. “The idea is to maximize the incentive for accuracy over sensationalism,” he wrote. The billionaire executive also noted that any attempts to “weaponize Community Notes to demonetize people will be immediately obvious, […] © 2023 TechCrunch. All rights reserved. For personal use only.

Welcome back to The Interchange, where we take a look at the hottest fintech news of the previous week. If you want to receive The Interchange directly in your inbox every Sunday, head here to sign up! Last week, we chronicled one CEO’s big PR flub, one firm’s new infusion of capital for early-stage fintech startups and […] © 2023 TechCrunch. All rights reserved. For personal use only.