Sequoia to make $100M windfall from Stripe’s Bridge acquisition: Report
Sequoia Capital owns 16% of Bridge, which is set to be acquired by payments platform Stripe for $1.1 billion.
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DeFi could solve Africa’s foreign exchange problems, neobank CEO says
The CEO and co-founder of neobank Canza Finance claims that utilizing Baki for foreign exchange trades in Africa creates a hub for African businesses to participate in intra-African and FX trades at a reduced cost. 180 Total views 4 Total shares Forex liquidity and currency swaps are hard to access for many in Africa, which

Bitcoin price falls to 2-month low, but derivatives markets reflect traders’ interest
Bitcoin price is pinned below $60,000, but derivatives and stablecoin data show traders remain optimistic.

DOGE attack: Co-founder slams crypto as ‘right-wing hyper-capitalist’ tech
The crypto industry is controlled by a “powerful cartel of wealthy figures” according to Jackson Palmer. The co-founder of the memecoin DOGE, Jackson Palmer, has slammed the entire crypto industry and its investors in a vitriol-laden Twitter thread on Wednesday.Palmer, who created the wildly popular coin as a joke in 2013, unleashed his tirade in…

Founders should consider VC firms their allies as they build in the bear market
This year’s bear market trajectory should be looked upon as a favorable opportunity for Web3 founders to raise capital and build cutting-edge products. Some of the most robust businesses today were built during market downturns, and founders now have a real opportunity to ensure they’re building products and services that meet genuine, real-world needs and…

The ‘godfather of crypto’ wants to create a privacy-focused CBDC: Here’s how
When it comes to the “crypto” part of cryptocurrencies, David Chaum’s work predates the crypto ecosystem. His efforts as a renowned cryptographer date back to 1989, long before Bitcoin (BTC) was a thing. Chaum developed the protocols that act as the basis of DigiCash — the world’s first digital currency secured by cryptography. As the CEO…

Scammers ditch ‘elaborate’ crypto Ponzis for pig butchering: Chainalysis
The lifespan of scams is getting shorter as cybercriminals change tactics and target individuals on social media.

Crypto execs on DeFi domain hacks: Don’t interact with crypto for now
CoinGecko founder Bobby Ong explained that after Google sold its domain business to Squarespace, two-factor authentication was removed due to the forced migration of domains.

Biden’s pick for Fed vice chair for supervision withdraws amid Republican objections
“We are witnessing a drive to make financial risk a tawdry political issue," said Sarah Bloom Raskin. 591 Total views 17 Total shares Former Federal Reserve Board governor Sarah Bloom Raskin has withdrawn her name for consideration as the central bank’s vice chair for supervision in an attempt to allow other nominations to move forward.According…