Nigerian Startup Stored Its “Daily Operating Budget” on FTX Announces Staff Cuts TechCrunch

To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3pm PT, head over to TechCrunch. Subscribe here.

Hello and welcome to the beginning of another week. As mentioned last Friday, Pilgrim He dives in, leaving the rest of us to pick up the pieces of Twitter and FTX. Don’t worry, we are here for you. Mary Ann We start reporting SoftBank has written down nearly $100 million investment in FTX. And with that, let’s dig in! – Christine

Top Techcrunch 3

  • This FTX business area has a wide reach: Crown Reports on what is happening to a young company that owns some assets in FTX and now cannot access them because, you know. In this case, African Web3 startup Nestcoin said it had to lay off employees as a result of not getting that access.
  • real comparison: Now people in Europe can know the joy and wonder of Klarna price comparison tool, which pee He writes it may just be “a reliable alternative to Google and Amazon”.
  • OopsBird, a precision mobility company, told the Securities and Exchange Commission that it included unpaid customer flights in its revenue and therefore overestimated that specific number by two years. Jacqueline he has more.

Startups and VC

At this point, we all expect our data to move very quickly, but there’s just so much of it and it’s still a headache. This is where Quix comes in, Mike Writes. The real-time data startup took in $12.9 million In Series A finance, not to do this with ksqlDB, Java-based solutions, or any of the fancy SQL-based analytics solutions. Oh no , COEX You are developing event driven applications using Python.

And we have five more for you:

Preparing for FinTech’s Second Decade: 4 Moves Your Company Must Make Now

Close up of chess pieces

Image credits: Emilija Manevska (opens in a new window) / Getty Images

According to consultant Grant Easterbrook, fintech startups hoping to succeed over the next few years should be prepared to face:

  • Major banks and financial service providers who have loyalty programs and “super apps”.
  • Emerging DeFi protocols “that can offer financial products involving real assets.”
  • Banking, billing, lending, payments, and accounting in a “Built-in Financial Products” package.
  • Multiple countries are issuing their own Central Bank Digital Currency (CBDC).

“Your company will need a very strong value proposition to compete with all four types of competitors,” writes Easterbrook, who shares his thoughts on the next decade of fintech in a TC+ guest post.

Two more from the TC+ team:

  • See, mom? Layoffs can teach us something: Big tech layoffs haven’t been greatbut Natasha M He writes that while we could see more, businessman Nolan Church, who helped lead Carta’s 2020 layoffs as its chief of staff, has some perspective on Twitter’s recent layoffs.
  • If VCs don’t invest in you, who will they invest in?: that’s what pica He discusses that in her last piece It looks all dry powder in the VC worldWhy hasn’t it been published yet.

Techcrunch + It is our membership program that helps founders and startup teams get ahead of the pack. You can register here. Use the code “DC” to get 15% off an annual subscription!

BigTech Inc.

and just like that, VLC download ban has been lifted in IndiaAnd the Manly… masculine reports. Nine months ago, the country’s Ministry of Electronics and Information Technology imposed a ban on the popular media playback software, something VLC worked to try to reverse, stating that the ban had been “applied without any prior notice” and not allowing VLC a chance to refute it.

Natasha L He has more on our favorite social media channel, this time writing, “Twitter is You no longer fulfill major obligations required it to claim that Ireland is the “alleged lead institution under the European Union’s General Data Protection Regulation”. I can’t wait to see where this goes.

And we have five more for you:

Leave a Comment