The Nigerian fintech startup, Chipper Cash, recently abolished the roles of 20 workers based in the U.S. and U.K. The CEO Ham Serunjogi said this decision aligns with its goal of maintaining high operational efficiency and moves the startup closer to profitability. Layoffs Set Chipper Cash on Course for Positive Cash Flow in the First […] Source CryptoX Portal
Tag: Startup
Zac Prince Departs BlockFi for Real Estate Tech Startup Re Cost Seg
“In marketing, crypto is unique with its 24/7 media cycle, so learning to navigate that and developing strategies, such as partnering with big podcasters, was key,” he continued. I also learned a lot about team building; we had a phenomenal team at BlockFi, many of whom are staying in the crypto industry, and some have even started new crypto companies, which makes me proud.” Source
Crypto AI Startup Sahara Raises $6M to Reward AI Trainers
Sahara co-founder Sean Ren says his tech can help workers and businesses get compensated for their knowledge, data and expertise in the age of AI. Source
FTX Estate Can Sell Near $1B Stake in AI StartUp Anthropic, Court Rules
In January 2024, the FTX estate said it expects to fully repay its customers. Sam Bankman-Fried, the former FTX boss, is due to be sentenced next month after being found guilty of fraud last year, with his prison duration expected to be hotly contested. Source
DeFi Startup Euler Finance Bounces Back with Revamped Lending Vaults
Following the Lego-like power principle of DeFi, the new system combines building blocks like Euler Vault Kit (EVK), which empowers builders to deploy and chain together their own customized lending vaults in a permissionless manner, and an Ethereum Vault Connector (EVC), which enables vaults to be used as collateral for other vaults, the company said in a press release. Source
Pantera Capital-backed NFT lending startup Arcade to airdrop 3m ARCD tokens
Lending platform for digital collectibles Arcade will airdrop 3% of the total supply of ARCD tokens to holders of select NFT collections. In a Medium blog, Arcade unveiled its “Clash of Clans” airdrop initiative, aiming to distribute ARCD tokens among 4,000 wallets, each eligible to claim 750 ARCD tokens. On Feb. 19 at 8:00pm UTC, the team will take a snapshot, with token distribution divided into two phases: whitelist and public claim. Security Reminder. Beware of impersonator accounts & DO NOT click on links that appear to be from @Arcade_xyz…
HSBC leads $6.85m funding for Hong Kong-based blockchain insurance startup
Blockchain insurance startup MediConCen raised $6.85 million in funding led by HSBC to improve the sector by ‘simplifying and speeding up the claims journey.’ In a blog announcement, the Hong Kong-headquartered startup said other investors, including G&M Capital, ParticleX, and new investor Wings Capital Ventures, have also participated in the funding. With the latest cash inflow, MediConCen raised a total of $12.7 million, planning to put the proceeds to accelerate its growth in the international market, including the Middle East and Southeast Asia. MediConCen head William Yeung says the startup…
FTX Seeks to Sell 8% Stake in AI Startup Anthropic
Setting up the sales procedures now will let the estate “coordinate the most optimal and appropriate time for the sale of Anthropic Shares in conjunction with Anthropic’s capital raising efforts” and maximize the value of the estate “for the benefit of all stakeholders” Friday’s filing said. Source
Crypto Startup Velar Plans Perpetual Swaps Exchange for Bitcoin DeFi After Raising $3.5M
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Solana Startup Dialect Builds ‘Conversational’ Telegram Trading Bot
Osborn said Dialect’s bot takes a conversational approach to trades. It’s programmed to react to direct orders – “buy,” “sell,” “swap” and “info” – with a pop-up user interface that outlines exactly what’s about to be traded, and at what price. It consults ChatGPT to figure out what it’s supposed to do when orders don’t match the commands. Source