Disruptiv Newsletter: Reddit 📱 Nvidia Crypto 💰 and more

Welcome to the Disruptiv newsletter! You're about to get this week's top tech and innovation insight that we saw this week. Enjoy! [disruptivflow-header] Hello FlowBankers Welcome to the Disruptiv newsletter! A weekly aggregate of relevant tech-focused quick takes. Saturday 27th January, 2024 [Start trading](113/cXx8Z04/VX5L4y1Hr1W2W7_k2_62kGL4nW1CR28959VKryN4313HY2-ZVTW6N1vHY6lZ3kZN1H8fRbdr8pwW7jHTpv1pyZCHN5sTrbvB0bFLW88CqKk4hQYsLW4mNJfz8DzMCJW8m-5KK8vs0bbW2ks05c7YRYd4Mjy3vzpTfl9W2jsMkX3xFv3GVw1VDF8QNp6KW7BCjWV9hmrsyW2twlX47Jdg2WW499fK74fC0l0W8rJwGW7PCb0_W1dLsm-4grK-xW76PmJC40B4-KN76Z7w4zstR-W4MnWqj1wSS5CW7RnQhm6jr5Z_W6JJwSp4qxdVhW8KKpLH3lb_tsW80nkcx8WHDZkf3cMX1q04) FlowBank tech articles 📚 Bitcoin ETFs: The New Opportunity [shutterstock_2327473803](113/cXx8Z04/VX5L4y1Hr1W2W7_k2_62kGL4nW1CR28959VKryN4313Hl2-ZVTW5BW0B06lZ3n9V_3L7S3Q-fSvW6bQkN_3ZlgK2W6vVCJH7JlsdhW3XYjsL59yFXYN40hCM-PjZStW1YrY4J7QsdqpW6YpLpV7XZHH7W2f9_d94yPK7_W53DMwy105r7rW5lZHJv3MrGr_W1XJQBx3WZCWwW8-hXSP1JbnZ-Vlng3W5FWyT7N3RcYyNdWZP0W5HBK7z1SpPVRW1R5cQN1s9HNHW2zf9-t5C9bbhW1YWfVh77bNnzf4xgq8M04) Finally, a cash Bitcoin ETF has been approved by the SEC but what does it mean for the adoption and price of cryptocurrencies? [Read me](113/cXx8Z04/VX5L4y1Hr1W2W7_k2_62kGL4nW1CR28959VKryN4313Hl2-ZVTW5BW0B06lZ3pfW94bKtP38TSZzW4dXFr84qdVXWW4tM1-Q5BjydSW6H5yJ24fvZTRW8T4y5g1RQWh-W6MTtBn3RnDF8W4kHv_F90BCwvW1cs0qx7rqQndW1M19lh6_gmR8W9h5d722bw6jMW45sGR896Vv1SMRhCxg9xvj_W2y6Mhw2p2_5NW8sNP6Z1_pN9qW2HhVZX6_MVx7W1_7P5X8Y2wZcW1-C7xV8fg7NlW43794189T74Tf25qFH004) Big Technology 🍎 - Reddit announces its IPO, aiming for a NYSE listing under the ticker "RDDT," marking a significant tech debut since Pinterest in 2019. With a $10 billion valuation, Reddit showcases a 20% revenue increase in 2023, despite ongoing net losses. The platform, with a vast user base and significant engagement, faces challenges in scaling its ad business comparable to tech giants like Meta and Alphabet. Reddit's strategy includes enhancing search capabilities and leveraging AI to boost ad revenues, alongside exploring a data-licensing venture with potential partners like Google. - AI and semiconductor stocks, including TSMC, and ASML, experience a surge following Nvidia's earnings beat, underscoring the robust demand for AI chips amid the generative AI boom. Nvidia's success, partly attributed to the popularity of AI applications like ChatGPT, indicates a positive outlook for the sector, with implications for related companies and technologies. The momentum in AI and semiconductor industries reflects a broader trend of technological advancement and its impact on markets and innovation. - Adobe, Amazon, and Google have committed to combating AI-generated "deepfakes" that could deceive voters, highlighting the growing significance of the internet in geopolitical dynamics. Hillary Clinton labels cyberspace as the new battleground, with AI enhancing defensive capabilities against state-sponsored cyber threats from Russia, China, and Iran, as reported by Microsoft. The adoption of AI in cybersecurity, illustrated by the usage of a ChatGPT-like tool called WormGPT for reverse-engineering code, is seen as a game-changer in leveling the playing field against cyber attackers. VC + Startups 🎯 - Serverpod, a Swedish startup building the backbone of the Google-based Flutter framework, secured €1.7m in pre-seed funding. The round was led by the Danish venture house PreSeed Ventures’ fund PSV Tech01. With the fresh capital, the startup plans to quickly double their team and launch new services to the already popular product. - - Evergrowth, an AI-powered B2B account-based sales platform, has announced a €2 million pre-seed -one of the largest in the history of the Baltics. Evergrowth will use the funding to develop its platform, grow its team and expand to the US and across Europe. - Januar ApS, a financial infrastructure provider for crypto businesses, has successfully closed a €1.5 million seed extension round, landing investments from prominent international investors including CMT Digital, Third Prime and Skyfall Ventures alongside Michael Grønager, Chainalysis Co-founder & CEO, and with follow-on from current investors, bringing the total for seed to €7.5 million. Crypto 👾 - Block, under the leadership of Jack Dorsey, experienced a significant 90% surge in gross profit from Bitcoin sales via Cash App, earning $66 million in the recent quarter. This achievement led to a notable 12.35% increase in Block's stock price in after-hours trading on NASDAQ (SQ). The company credits the enhanced revenue and profit to the escalating market price of Bitcoin and the appreciation of their Bitcoin holdings. - Following a significant rally in Nvidia's stock, Worldcoin, spearheaded by OpenAI CEO Sam Altman, saw its digital currency WLD jump by 21% in the last 24 hours, marking a 300% increase in February. Worldcoin's project, which focuses on offering a decentralized digital identification platform via its World ID solution, has contributed to the broader AI token market's growth, with projects like The Graph and Ocean also experiencing substantial gains. Law and regulation 🕵️ - European Central Bank officials remain unimpressed by the U.S. approval of spot Bitcoin ETFs, steadfast in their view that Bitcoin's fair value is zero. They criticize Bitcoin for its slow and expensive transactions, environmentally harmful mining practices, and susceptibility to price manipulation and fraud. Despite Bitcoin's increasing market cap and price, ECB officials view it as a fragile construct poised for eventual failure. - Kraken has taken legal action to dismiss the SEC's lawsuit against it, contending in federal court that the assets involved do not qualify as "investment contracts," thereby exempting Kraken from being categorized as a securities exchange. This stance is supported by the Crypto Freedom Alliance of Texas, which has similarly sued the SEC for its broad interpretation of regulated securities. Kraken warns that accepting the SEC's expanded definition could significantly extend the agency's regulatory reach across the U.S. economy. Disruptiv Figure 📊 Shifting Global Powers: Asia's Rise in the World Economic Rankings Japan has fallen to the world's fourth-largest economy, trailing behind the United States, China, and Germany, due to challenges such as low wage growth, domestic demand, and investment, compounded by a weak Yen. Despite this decline, Asia's representation among top economies is growing, notably with China and India's rise. Historical data from the IMF highlights Japan's shift from the second-largest economy to its current position, a change attributed to post-World War II growth and recent economic trends. Predictions suggest Japan may drop to fifth place by 2028, with India ascending to the third spot. Source: Statista [Screenshot 2024-02-23 074220] [INSTAGRAM](113/cXx8Z04/VX5L4y1Hr1W2W7_k2_62kGL4nW1CR28959VKryN4313Hl2-ZVTW5BW0B06lZ3lVW4cg2ym6q6XCFW3b9jcL6ZFjyCW7tYG9V1G-kFxW9dM1401VQ9YCV1Crly4Pv6NtVgmzKn3lx1g_W7x-30D5PpXpwW5bdrNz59CbGcW3B4hYn906WH6W6RJb3_3VxBtyW29nXm03XYrQbW19-d4r3csSD-W3wLHLC9bfslMVf7vsB2dksl4W86Q2kX9f49DsW5TrWjq6sXvMqW5_Nj0T3Q8TMYW3rD5VW1XfJqpf6KQMT404)Highlights Click [here](113/cXx8Z04/VX5L4y1Hr1W2W7_k2_62kGL4nW1CR28959VKryN4313Hl2-ZVTW5BW0B06lZ3kVW82nR-483-CxcW3Yncqb2hnKlKW71PxWF5bkfNdW1VgqLw3SMK3wN8mWp2C3h12CW2dK49j2TsWF7W4MVqQB74ycwmW6vHS6W2CGfBTW7ZCW4y842TwTW7l7Sz2377njtW4d08c21fxBl8W6NKv4l13Xm1GN8BQN1fDqNdtW7DBZzM2cW7qtW3M6vYg2RVxnpW3TJJQr7mT9kcN6-Bsb34gB4bVHjGpV8XWYYMdrlPpb04)to see our page. [ambass] Don't forget to... 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