A peek into China’s stance on web3

Web3 has come to be known as the internet built on decentralized blockchains that power applications like cryptocurrencies and NFTs. The catch-all term is sometimes used interchangeably with crypto, but in China, the government is pursuing its own path in web3 that so far has excluded all things crypto-related. Earlier this week, the Beijing Municipal…

Is AI ever too much AI?

W elcome to the TechCrunch Exchange, a weekly startups-and-markets newsletter. It’s inspired by the daily TechCrunch+ column where it gets its name. Want it in your inbox every Saturday? Sign up here. This week, I explore how one VC is feeling about a big chunk of her portfolio pivot into AI. And I have some…

Hackers launch another wave of mass-hacks targeting company file transfer tools

Security researchers are sounding the alarm after hackers were caught exploiting a newly discovered vulnerability in a popular file transfer tool used by thousands of organizations to launch a new wave of mass data exfiltration attacks. The vulnerability affects the MOVEit Transfer managed file transfer (MFT) software developed by Ipswitch, a subsidiary of U.S.-based Progress…