Arjun Sethi’s crypto derivatives protocol Nibiru raises maiden funding at $100M valuation Manish Singh

Nibiru, a new crypto derivatives protocol co-founded by Tribe Capital GP Arjun Sethi, has raised $7.5 million in seed funding at a valuation of $100 million, two sources familiar with the matter told TechCrunch. Tribe Capital, Republic Crypto and Kraken invested in the seed round, a source said, requesting anonymity as the information is not …

A Strava co-founder races into a lucrative market – lending against life insurance Mary Ann Azevedo

Mark Shaw likes running around. The serial entrepreneur joined activity and fitness tracking platform Strava as a co-founder in 2009 to lead engineering as CTO. He spent eight years there, and as of its most recent raise in 2020, Strava had reached 70 million members globally and amassed an almost cult-like following from its users, …

Tesla countersues civil rights agency behind racial bias suit Rebecca Bellan

Tesla couldn’t get a judge to dismiss a case alleging racial bias at the automaker’s Fremont factory, so the automaker is now countersuing the agency responsible instead. The luxury electric vehicle maker on Thursday filed a complaint in state court in Alameda County saying the California Civil Rights Department (CRD) adopted “underground regulations” in its …

Will Bring At Least 3 More Legislations To Improve Digital Regulatory System: Vaishnaw Gargi Sarkar

The government is planning to introduce at least three more legislations to take the country’s digital regulatory system at par with the global standards, Telecom Minister Ashwini Vaishnaw said during a Public Affairs Forum of India (PAFI) event. “We should be the economy where we actually come and say that okay, at a population scale …

Italy fires Meta urgent request for info re: election interference measures Natasha Lomas

Days ahead of the Italian general election, the country’s privacy watchdog has sent Facebook’s parent (Meta) an urgent request for information, asking the social media giant to clarify measures it’s taking around Sunday’s election. The risk of election interference via social media continues to be a major concern for regulators after years of rising awareness …

UK mini budget: Government to boost gigabit broadband by easing access to infrastructure on private land Paul Sawers

The U.K. government has announced plans to make it easier for telecoms operators to access telegraph poles on private land, representing part of a broader push to bring high-speed broadband to all corners of the country. The announcement was made as part of the U.K.’s so-called “mini budget,” which was partly set up to address …

Kenyan startup Ponea gaining momentum in driving access to medical services Annie Njanja

Serial Kenyan tech entrepreneur Mike Macharia has spent the last two decades helping enterprises like East Africa’s biggest telco Safaricom to create infrastructure that bolsters their growth. His firm, Seven Seas Technologies, has previously worked with governments, too — having been involved in the initial implementation of the decentralized service delivery hubs Huduma Centres, which …

SES Raises Concerns Over PB Fintech’s Merger & ESOP Deal Jaspreet Kaur

Proxy advisory company Stakeholders Empowerment Services (SES) has raised concerns over Policybazaar’s parent PB Fintech’s merger and ESOP deals. It has sought clarifications from PB Fintech’s board on its merger with MakeSense Technologies and a grant of ESOP stock options, which took place last year. In April last year, PB Fintech’s board of directors approved …