Daily Crunch: Nigerian startup that stored its ‘day-to-day operational budget’ on FTX announces staff cuts

Daily Crunch: Nigerian startup that stored its ‘day-to-day operational budget’ on FTX announces staff cuts

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Hello, and welcome to the beginning of another week. As mentioned last Friday, Haje is off scuba diving, leaving the rest of us to pick up the Twitter and FTX pieces. No bother, we are here for you. Mary Ann starts us off by reporting on SoftBank writing down an almost $100 million investment into FTX. And with that, let’s dig in! — Christine

At this point, we all expect our data to move pretty quickly, but there is so much of it that it’s still a headache. This is where Quix comes in, Mike writes. The real-time data startup grabbed $12.9 million in Series A funding, not to do this with ksqlDB, Java-based solutions or any 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:

According to consultant Grant Easterbrook, fintech startups that hope to succeed over the next few years must be prepared to go up against:

“Your firm will need a very 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:

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

And just like that, VLC’s download ban in India was lifted, Manish reports. Nine months ago, the country’s electronics and IT ministry instituted the ban on the popular media playback software, something VLC worked to try to reverse, stating that the ban had been “put into place without any prior notice” and didn’t allow VLC a chance for rebuttal.

Natasha L has more on our favorite social media channel, this time writing that “Twitter is no longer fulfilling key obligations required for it to claim Ireland as its “so-called main establishment under the European Union’s General Data Protection Regulation.” Can’t wait to see where this goes.

And we have five more for you:

Source @TechCrunch

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