Nigerian startup that stored its ‘day-to-day operational budget’ on FTX announces staff cuts  • TechCrunch

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Hello, and welcome to a new week. As mentioned last Friday, haje turned off the scuba diving, leaving the rest of us picking up Twitter and FTX pieces. Never mind, we are here for you. Mary Ann start us by reporting on SoftBank writes down nearly $100 million investment in FTX. And with that, let’s find out! — Christine

Top 3 TechCrunch

  • This FTX business has a wide reach: card reported on what happened to a young company that holds some assets in FTX and can’t access them now because you know. In this case, African web3 startup Nestcoin said it had to lay off employees for not having that access.
  • A real comparison: Now everyone in Europe can know the joy and wonder that is the price comparison tool Klarna, which Paul write may just be a “reliable alternative to Google and Amazon.”
  • OMG: Bird, a micro-mobile company, told the Securities and Exchange Commission that it included unpaid customer trips in its revenue, thus overstating that specific number in two years. Jaclyn there are many more.

Start-ups and VC

At this point, we all expect our data to move pretty quickly, but having too much data still gives us headaches. This is where Quix comes in, Mike write. Real-time data startup raised $12.9 million in Series A funding, do not do this with ksqlDB, Java based solutions, or any fancy SQL schmancy based analytics solutions. Oh no, quix developing event-driven applications with Python.

And we have five more for you:

Preparing for the second decade of fintech: 4 moves your company must make now

Close-up of Flags

Image credits: Emilija Manevska (Opens in a new window) / Beautiful pictures

According to consultant Grant Easterbrook, fintech startups hoping to succeed in the next few years must be prepared to deal with:

  • Big banks and financial service providers with loyalty programs and “super apps”.
  • Emerging DeFi protocols “could provide real-world asset-related financial products.”
  • Banking, invoicing, lending, payments, accounting are packaged as “embedded financial products”.
  • Many countries issue 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.

Two other pieces of information from the TC+ team:

  • Have you seen mom? Layoffs can teach us something: Big tech layoffs aren’t greatbut Natasha USA writes that while we may see more, businessman Nolan Church, who helped lead Carta’s 2020 layoffs as chief human resources officer, has some views on the layoffs. Twitter’s recent.
  • If VCs aren’t investing in you, who are they investing in?: That’s what becca discussed in her latest work that look at all the dry powder in the VC worldand why it hasn’t been implemented yet.

TechCrunch+ is our membership program that helps founders and startup teams get ahead. You can register here. Use code “DC” for 15% off your annual subscription!

Big tech company

And just like that, VLC’s download ban in India has been lifted, Manish report. Nine months ago, the country’s electronics and information technology ministry issued a ban on popular media playback software, something VLC tried to reverse, claiming that the ban was “in place” without any prior notice” and without allowing VLC to use it. opportunity to object.

Natasha LOL there’s more on our favorite social media channel, this time writing that “Twitter is no longer perform major obligations necessary for it to declare Ireland as a “so-called primary basis under the European Union’s General Data Protection Regulation”. Can’t wait to see this place go.

And we have five more for you:


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