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The US Treasury has sanctioned a Philippines-based technology firm and its alleged administrator, accusing it of providing services to thousands of crypto scam websites.Funnull Technology is linked to most crypto scam websites reported to the FBI, with victims’ losses surpassing $200 million, the Treasury’s Office of Foreign Assets Control (OFAC) said on May 29. Funnull purchases IP addresses in bulk from cloud service providers and sells them to scammers, allowing them to host and operate clones of legitimate investment platforms, to deceive victims and steal their crypto, according to OFAC.In one instance in 2024, OFAC said Funnell purchased a repository of…

Grammarly has secured a $1 billion commitment from General Catalyst. The 14-year-old writing assistant startup will use the new funds for its sales and marketing efforts, freeing up existing capital to make strategic acquisitions. Unlike a traditional venture round, General Catalyst will not receive an equity stake in the company in return for the investment. Instead, Grammarly will repay the capital along with a fixed, capped percentage of revenue it generates from the use of General Catalyst’s funds. The investment comes from General Catalyst’s Customer Value Fund (CVF), a capital pool that helps late-stage startups with predictable revenue streams deploy…

AP  —  Spanish emergency services say four women and three girls died when a small boat carrying migrants capsized while arriving in a port at one of Spain’s Canary Islands on Wednesday. Spain’s maritime rescue service, which located the boat some 6 miles (9.6 kilometers) from shore, said the boat tipped over as rescuers started removing minors as it arrived at a dock on the island of El Hierro. The movement of people on the boat caused it to tip and then turn over, dumping the occupants into the water, the service said. Emergency services for the Canary Islands said…

A HDR evening shot taken at sunset of the Tokyo skyline.Fgm | E+ | Getty ImagesAsia-Pacific markets mostly fell Friday, with a slowing U.S. economy, inflation fears and uncertainties from the judicial developments surrounding U.S. President Donald Trump’s “reciprocal” tariffs weighing on investor sentiment.The U.S. Court of International Trade ruled on Wednesday night that Trump had overstepped his authority when he imposed his “reciprocal” tariffs. The court ordered that the challenged tariff orders be vacated.However, the Trump administration filed a notice of appeal shortly after the judgment, and an appeals court reinstated the levies on Thursday afternoon. The administration said it could ask the Supreme Court as…

Check out the companies making headlines in extended trading. Gap — The apparel stock plummeted more than 16% as lackluster second-quarter revenue guidance overshadowed an earnings beat for Q1. Gap expects Q2 revenue to remain about flat year over year. Analysts expected a forecast calling for a slight gain. Costco — The wholesale retailer reported quarterly results that beat analyst expectations, yet shares were little changed. The company earned $4.28 per share on revenue of $63. 2 billion. Analysts expected a profit of $4.24 per share on revenue of $63.19 billion. Same-store sales growth and gross margins were above estimates…

At TechCrunch Sessions: AI, the spotlight is on the future of artificial intelligence and the startups shaping it. This high-energy event brings together founders, investors, and technologists to explore how AI is transforming industries — from the pitch deck to full-scale deployment. We’re proud to spotlight our partners — not just for their support, but also for the expertise they bring to the stage. Their sessions offer a front-row view into the latest developments in AI and are a must-attend for anyone looking to stay ahead in this fast-evolving space. Catch “Your Next Co-Founder Will Be AI” on the main…

In Fantasy Life i: The Girld Who Steals Time, there are four combat classes to try, and the Paladin is, by far, the most resilient of them all. But the Paladin is not only a tank but a solid dps that can cripple monsters and augment its damage output considerably by timing parry, block, and dodge. Related Fantasy Life I: Best Life XP Farming Spots In Act 1 This Fantasy Life i guide will show you the best early-game XP farming spots to boost your Life levels faster. This Combat Life has some solid skills to try, but players should…

AI dev platform Hugging Face continued its push into robotics on Thursday with the release of two new humanoid robots. The company announced a pair of open source robots, HopeJR and Reachy Mini. HopeJR is a full-size humanoid robot that has 66 actuated degrees of freedom, or 66 independent movements, including the ability to walk and move its arms. Reachy Mini is a desktop unit that can move its head, talk, listen, and be used to test AI apps. Hugging Face doesn’t have an exact timeline for shipping these robots. The company’s co-founder and CEO, Clem Delangue, told TechCrunch over…

Black Forest Labs, the AI startup whose models once powered the image generation features of X’s Grok chatbot, on Thursday released a new suite of image-generating models — some of which can both create and edit pics. The most capable of the models in the new family, called Flux.1 Kontext, can be prompted with text and, optionally, a reference image to create new images, writes Black Forest Labs in a blog post. “The Flux.1 Kontext models deliver state-of-the-art image generation results with strong prompt following, photorealistic rendering, and competitive typography — all at inference speeds up to 8x faster than…

Delaware’s attorney general is hiring an investment bank to advise on OpenAI’s for-profit conversion, the Wall Street Journal reported on Wednesday. The independent evaluation could prolong the transition, or gum up OpenAI’s plans even further. OpenAI’s conversion will help it attract new investment and eventually go public, but first, the startup needs to secure approvals from state regulators. Although OpenAI and Microsoft have hired their own investment banks to advise on the deal, Delaware’s attorney general is now seeking an independent evaluation of the equity that OpenAI’s nonprofit will receive. Regulators seem to be zeroing in on a key factor…