The key to avoiding startup stagnation is agility, according to Golden Gate Ventures’ Michael Lints and Plus Venture Capital’s Zainab Al Sharif. Venture capitalists aren’t just looking for startups that can turn a profit, they’re seeking companies and entrepreneurs capable of overcoming the challenges associated with stagnation. When this doesn’t happen, and growth plateaus, small...Continue Reading

Crypto exchanges have been suspected of destabilizing the Nigerian naira fiat, but the country’s top central banker said Binance moved billions from unidentified users in 2023. Binance is facing more scrutiny in Nigeria, the governor of the Central Bank of Nigeria (CBN) told reporters on Feb. 27 about “suspicious flows” of funds through Binance Nigeria...Continue Reading

Dadvan Yousuf said he planned to “hoist the Bitcoin flag at the top of the world” to highlight the “global disparity in access to financial education.” A 23-year-old crypto user plans to show off an orange flag with the Bitcoin (BTC) logo at the summit of Mount Everest to raise awareness for global financial literacy....Continue Reading

Unlike traditional interest rates, Bitcoin staking reward rates are determined by the users who participate rather than central banks. Bitcoin’s (BTC) transformation into a layer-2 (L2) solution benefits every user. From supporting increased transaction speeds and volumes to enhancing security and enabling smart contracts directly within Bitcoin, an L2’s technical advantages alone make it a...Continue Reading

Its parent company, HashKey Group, attained unicorn status in January with a $100 million Series A funding round at a valuation of $1.2 billion. HashKey Technology Services, the over-the-counter trading arm of HashKey Group, has received in-principal approval on February 28 from the Monetary Authority of Singapore (MAS) for its major payments license (MPI) application...Continue Reading

Solana-based nonfungible tokens have reached a new milestone, hitting $5 billion in all-time sales volume in February. In this week’s newsletter, read about Solana-based nonfungible tokens (NFTs) recovering sales volume after a four-month slump, find out about Yuga Labs’ new CEO, and check out how crypto investigator ZachXBT recovered stolen NFT proceeds. In other news,...Continue Reading

Demand for Ether leverage sharply increased in the past 24 hours, but data does not point to liquidations being the main driver for the price correction. Ether (ETH) price gained 14% between Feb. 26 and Feb. 28, reaching the highest level in almost two years at $3,484, but the movement coincided with a surge in...Continue Reading

The FTX collapse and initial efforts to recover funds are described in new letters attached to Sam Bankman-Fried’s sentencing submission. New letters attached to Sam “SBF” Bankman-Fried’s criminal court case are providing details on the days following FTX collapse and initial efforts to recover funds.  The legal counsel for the former FTX CEO filed a...Continue Reading

The former FTX CEO’s mother, father, and brother all wrote letters to Judge Lewis Kaplan suggesting that SBF’s lack of social awareness could lead to problems in prison. Lawyers for Sam “SBF” Bankman-Fried included 29 letters of support of clemency for the former FTX CEO as a federal judge prepares to decide his sentence, including...Continue Reading

The memecoin project wants to follow in the footsteps of the Wall Street Memes token, but it has allegedly yet to send coins to investors who have already paid. GameStop Memes (GMS), an unofficial project seeking to capitalize on the success of the similar Wall Street Memes (WSM) token, has raised $4 million from investors,...Continue Reading