FTX customers will receive their money back, plus interest, after the cryptocurrency exchange's bankruptcy. This comes six months after co-founder Sam Bankman-Fried was found guilty of fraud and sentenced to 25 years in prison. The news affects customers who lost $8 billion in funds.

Source: https://techcrunch.com/

Google launched its digital wallet in India, nearly two years after its relaunch in the US. The app will operate alongside Google Pay, which will remain the company's primary payments app in the country. Google Pay is not going anywhere, and the new wallet will have local integrations.

Source: https://techcrunch.com/

Bluesky, a decentralized social network, has launched a product roadmap outlining upcoming features, including direct messages, video support, improved custom feeds, and new moderation controls. The updates aim to enhance user experience and interaction on the platform.

Source: https://techcrunch.com/

Ofcom, the UK's internet regulator, is introducing a new Children's Safety Code to improve child safety online. The code requires tech firms to implement age verification, content filtering, and other measures to reduce under-18s' access to harmful content, including suicide, self-harm, and pornography.

Source: https://techcrunch.com/

NBA champion Kyle Kuzma has joined the Washington Wizards as a forward and has also become an adviser at a venture fund. He aims to set up his family's generational wealth and is part of a new generation of NBA players interested in business.

Source: https://techcrunch.com/

German startup Insempra has secured $20M in Series A funding to develop a new process for producing lipids on an industrial scale using yeast fermentation, aiming to replace environmentally problematic petrochemicals with organic materials.

Source: https://techcrunch.com/

Tesla, despite CEO Elon Musk's criticism of lidar sensors, has become Luminar's largest customer, accounting for over 10% of the company's revenue in Q1 2024, with a value of over $2 million. Luminar's revenue fell 5% from Q4 2023 due to lower sensor sales.

Source: https://techcrunch.com/

Brandywine Realty Trust, a US realty trust giant, confirmed a ransomware attack that resulted in the theft of data from its network. The attack caused disruption to business applications, consistent with a ransomware attack. The incident was reported to regulators on Tuesday.

Source: https://techcrunch.com/

Rivian, an electric vehicle maker, reported a $1.45 billion loss in the first quarter, despite generating $1.2 billion in revenue. The company produced and delivered 13,980 vehicles in the quarter, with 13,588 units delivered. The loss highlights the need for further cost-cutting measures to achieve profitability.

Source: https://techcrunch.com/

Meta is rolling out expanded AI tools for advertisers, allowing them to create full new images, not just backgrounds. Advertisers can request AI-inspired ideas for overall photos, including updated subjects or products. This expanded set of generative AI tools is a result of Meta's October announcement.

Source: https://techcrunch.com/