March 2023

Roku, Roblox and others disclose their exposure to SVB in SEC filings

March 11, 2023

The fallout from the collapse of Silicon Valley Bank is impacting a range of startups and larger firms including, as we know now from SEC filings, publicly traded companies like Roku, Roblox, Quotient, and others. Roku said in a filing that it had around $487 million held at SVB, representing around 26% of its cash […]

Roku, Roblox and others disclose their exposure to SVB in SEC filings by Sarah Perez originally published on TechCrunch

Bitcoin and the Lightning Network are moving payments globally

March 11, 2023

Welcome back to Chain Reaction, a podcast diving deep into the stories, backgrounds and latest news with the biggest names in crypto. For this week’s episode, Jacquelyn interviewed Jack Mallers, the founder and CEO of Strike, a bitcoin-based payment network and financial app that is trying to expand the reach of cross-border payments and remittance […]

Bitcoin and the Lightning Network are moving payments globally by Jacquelyn Melinek originally published on TechCrunch

Investors: STOP the Insanity!

March 11, 2023
With the S&P 500 (SPY) in free fall this past week, you may be tempted to steer clear of the markets all together. That would be a mistake, as volatile…

Silicon Valley Bank collapse is impacting many Indian startups

March 11, 2023

The sudden collapse of Silicon Valley Bank, which served as lifeblood for startups, is also impacting firms 8,000 miles away. Dozens of young Indian startups backed by the likes of YC, Accel, Sequoia India, Lightspeed, SoftBank and Bessemer Venture Partners banked with Silicon Valley Bank, sometimes as their only banking partner, and couldn’t take out […]

Silicon Valley Bank collapse is impacting many Indian startups by Manish Singh originally published on TechCrunch

Flutterwave’s troubles in Kenya yet to end as second case proceeds

March 11, 2023

Africa’s most valuable unicorn Flutterwave is still not off the hook in Kenya. About $3 million of its money that was confiscated in the second government seizure over money laundering and fraud claims remains frozen, in two banks, and 19 mobile money accounts (M-pesa paybill numbers), as the matter is before Kenya’s high court. The […]

Flutterwave’s troubles in Kenya yet to end as second case proceeds by Annie Njanja originally published on TechCrunch