First quarter results of African startups fall

The recent, and now over, the venture capital boom was a global affair. While traditionally crowded markets like North America and Europe benefited from the explosion of capital, other regions with more burgeoning startup scenes also saw big gains in their ability to raise funding. Southeast Asia is an often-cited example of the phenomenon. Latin … Read more

How Jack Dorsey’s Bitcoin Legal Defense Fund Fights for the Future of Open Source Software

A crypto wallet Theft lawsuit filed by a man claiming to be Bitcoin creator Satoshi Nakamoto could jeopardize the future of open source software development. That’s according to the Jack Dorsey-backed Bitcoin Legal Defense Fund, which is filing a case to defend 11 Bitcoin developers named in a lawsuit brought by Craig Wright, an Australian … Read more

Battle between two marketing companies

It’s not often that startup rivals compete in front of others, but that’s the case with mobile messaging provider Postscript, which took to the Twitterverse earlier this month after receiving a cease and desist letter from competitor Attentive. Attentive’s letter was in response to a customer case study that Postscript wrote and posted on its … Read more

The collapse of the FTX was a regulatory setback, says the former investor

“I think Sam has been working against us regulatoryly,” says FTX investor Anthony Scaramucci It’s been nearly six months since FTX collapsed, and a lot has happened since then, including executives being sued for industrial companies dealing with ripple effects of the downfall. At Consensus 2023, Anthony Scaramucci, former White House communications director and founder … Read more

Binance.US sailed away from its $1.3 billion deal with Voyager, now what?

Welcome back to Chain reaction. Earlier this week, Binance.US broke its $1.3 billion deal to buy the assets of crypto broker Voyager Digital due to a “hostile and uncertain regulatory environment”. The announcement comes about nine months after Voyager filed for bankruptcy. At the time, the US-headquartered company — and its two subsidiaries — said … Read more

OpenSea wants to help Web2.0 brands get into web3

OpenSea, one of the largest NFT marketplaces, is known for its trading platform, which allows users to buy and sell digital assets. But the company continues to expand its product footprint to appeal to other audiences, such as Web 2.0 brands, said Shiva Rajaraman, OpenSea’s chief business officer. “We’re looking at the rest of this … Read more