🥳 Bitcoin’s Whitepaper of Satoshi Nakamoto Turns 13

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Bitcoin’s Whitepaper of Satoshi Nakamoto Turns 13

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Thirteen years ago, on October 31, 2008, the first-ever Bitcoin Whitepaper was published online by an anonymous person or entity named Satoshi Nakamoto.

The whitepaper titled “Bitcoin: A Peer-to-Peer Electronic Cash System,” detailed the foundation of the world’s first cryptocurrency.

The document foresaw the benefits of a futuristic peer-to-peer online payment system, which is totally self-governing in nature.

The bitcoin network was launched on January 3, 2009, and at the time, each token was priced $0.0008, well below today’s prices.

In this white paper, Satoshi Nakamoto illustrated that the world needed “an electronic payment system based on cryptographic proof instead of trust, allowing any two willing parties to transact directly with each other without the need for a trusted third party.”

Though in its early days, bitcoin was perceived as a threat by financial institutions, government authorities, among others; thirteen years later, it has turned out to be one of the most profitable investments for the internet world.

Marking the iconic day, bitcoin aficionados around the globe have been sending out birthday wishes and gratitude-filled messages to the founder Satoshi Nakamoto, who still remains anonymous to date.

App Tracking Policy of Apple Reportedly Costs Social Media Platforms Nearly $10 Billion

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Social media platforms like Facebook, Snapchat, YouTube, and Twitter have lost around $10 billion in revenue so far as a result of Apple’s App Tracking Transparency (ATT) policy, according to an investigation from the Financial Times.

Apple’s policy required apps to get the permission of a user prior to tracking their data across all the apps or websites that are owned by other companies for advertising or sharing their information with data brokers.

While Apple claimed that the policy will protect user privacy, social media giants believed that the move is aimed at throwing every competition from Apple’s ecosystem.

Because of this policy, the four social media platforms lost about 12 percent of their revenue in the third and fourth quarters, for a total of about $10 billion.

Among the four platforms, Facebook seemed to have been impacted the most as it lost the most money in absolute terms, estimated to be over $8 billion.

Snapchat lost the highest percentage of its business, mainly because its advertising is tied only to smartphones.

Grocery Delivery Startup Zepto Raises $60 Million 

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Indian-based grocery delivery app, Zepto, has raised $60 million in an early-stage funding round.

The funding was led by US-based investment fund Glade Brook Capital and saw participation from other investors like Nexus Venture Partners and Y Combinator, as well as angel investors Lachy Groom, Neeraj Arora, and Manik Gupta.

Founded in 2021 by Aadit Palicha and Kaivalya Vohra, Zepto promises to deliver groceries in 10 minutes.

The startup has largely operated in a stealth mode to date and launched its app six months ago.

Zepto wants to compete and beat several heavily-backed competitors in the delivery market.

To achieve this, the company has set up dark stores across the cities where it operates (Mumbai, Delhi, and Bangalore). The dark stores set up by Zepto are designed and optimized for fast deliveries.

The startup will utilize the fresh funds to expand the number of dark stores in newer cities, expand its customer base, and hire more workers. It also plans to expand to 100 dark stores by the end of this year.

US Department of Justice Hiring a Director to Combat Crypto Crime

United States Department of Justice Careers

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The U.S. Department of Justice (DOJ) has published a job advertisement to hire a director of the enforcement group in the field of bitcoin and other cryptocurrencies.

The DOJ is looking for a candidate for the position of Director of the National Cryptocurrency Enforcement Team (NCET), according to the job post.

According to the job post, the director will lead a team of experienced prosecutors investigating and prosecuting cryptocurrency-related cases. The salary of the director will range from $144,128 to $172,500 per year, depending on the candidate’s experience and qualifications.

Among the requirements, the candidate should be a US citizen to qualify for the position and should be available for occasional domestic and international travel.

In addition, the job requires a well-qualified candidate who has extensive knowledge pertaining to digital currencies and blockchain technology, knowledge of white-collar and money laundering statutes, experience in investigating criminal matters involving complex or sensitive law enforcement techniques, among others.

Around the Web 

📨 ShipBlu Raises $2.4 Million in Seed Funding: Egyptian e-commerce fulfillment startup, ShipBlu, has raised $2.4 million in a seed funding round. The funding was led by Nama Ventures and saw participation from 1984 Ventures, Orange Ventures, Starling Ventures, among other VC funds and angel investors.


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