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

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Hello, and welcome to the start of another week. As mentioned last Friday, He came off scuba diving, leaving the rest of us to pick up pieces of Twitter and FTX. No worries, we are here for you. Mary Anu we started out by reporting on SoftBank has invested nearly $100 million into FTX. And with that, let’s dig in! — Christine

The TechCrunch Top 3

  • This FTX business has a wide reach: taking report about what happened to a young company that holds some assets in FTX and now can’t access them because, well, you know. In this example, African web3 startup Nestcoin said it had to lay off employees as a result of not having that access.
  • A true comparison: Now people in Europe can know the happiness and wonder that Klarna’s price comparison tool, kang vow he writes it can be “a reliable alternative to Google and Amazon.”
  • wow: Manuk, a micromobility company, told the Securities and Exchange Commission that it has included unpaid customer rides in its revenue, so it has overstated that specific amount for two years. Jaclyn have more.

Startups and VCs

At this point, we all expect our data to be very fast, but there are still many headaches. This is where Quix comes in, Mike write it. Real-time data capture $12.9 million in Series A funding, do not do this with ksqlDB, a Java-based solution or one of those fancy schmancy SQL-based analytics solutions. oh no Quix is developing event-driven applications with Python.

And we have five more for you:

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

Near Chess

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

According to consultant Grant Easterbrook, fintech startups that hope to succeed in the next few years must be prepared to fight:

  • Major banks and financial service providers with loyalty programs and “super apps”.
  • An emerging DeFi protocol “that can offer financial products involving real-world assets.”
  • Banking, invoicing, lending, payments, accounting bundled as “embedded financial products.”
  • Some countries have issued their own Central Bank Digital Currency (CBDC).

“Your company needs a strong value proposition to compete with all four types of competitors,” writes Easterbrook, who shares his ideas for navigating the next decade of fintech in a TC+ guest post.

Two more from the TC+ team:

  • Look, Mom? Layoffs can teach us something: Big tech layoffs are not goodfire Natasha M writes that although we can see more, entrepreneur Nolan Church, who helped lead the Carta layoffs 2020 as chief people officer, has some perspective on Twitter’s latest layoffs.
  • If VCs don’t invest in you, who do they invest in?: That’s what Becca discussed in his latest piece It seems in all the dry powder in the VC worldand why it has not been deployed.

TechCrunch+ is our membership program that helps founders and start-up teams get ahead of the pack. You can register here. Use code “DC” for 15% discount on annual subscription!

Big Tech Inc.

And just like that, VLC download ban in India lifted, Manish report. Nine months ago, the country’s electronics and IT ministry instituted a ban on popular media playback software, something VLC is working to try to reverse, saying that the ban has been “put in place without prior notice” and does not allow VLC a chance to rebut.

Natasha L have more to our favorite social media channel, this time writing that “Twitter is no fulfillment of key obligations It is necessary to recognize Ireland as “called the main establishment in the General Data Protection Regulation of the European Union.” Can’t wait to see where this goes.

And we have five more for you:

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