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This Week in Fintech ending 7th May

This week our experts brought you the following insights based on their experience as investors, entrepreneurs & executives. Monday Ilias Hatzis our Greece-based crypto entrepreneur (Founder & CEO at  Kryptonio a “keyless” non-custodial bitcoin and cryptocurrency wallet, that lets users manage bitcoin and crypto, without private keys or passwords and Weekly Columnist at Daily Fintech) @iliashatzis…
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7 May 2021 0

Intuit: Covid sales bump for the TurboTax maker

Tackling US tax returns is daunting at the best of times. Americans spend hours each year gathering W-2s, 1098s and other obscurely coded documents in order to complete their 1040s — aka the US federal tax return. This year, the filing date has been extended. The pandemic has added extra complexity. Tax filers need to…
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7 May 2021 0

Australia’s Macquarie announces plan to exit coal by 2024

Macquarie has signalled that it will stop financing coal projects by 2024 in a symbolic move that coincided with a bitter political debate in Australia over banks’ withdrawal from the sector. The Sydney-based investment bank said on Friday that it expected its lending exposure to the commodity to “run off” within three years as it…
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7 May 2021 0

Juul inventor’s Myst lands funding as institutional investors turn to China’s e-cigs

Over the past several years, institutional investors had largely shied away from China’s e-cigarette makers, an industry that was teeming with shoddy workshops and lacked regulatory oversight. But investors’ attitude is changing as China sets in motion its strictest ever regulation on electronic cigarettes. Myst Labs, a Chinese e-cigarette maker co-founded in 2019 by Chenyue…
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7 May 2021 0

Alt Lending Week ended 7th. May 2021

Eurozone facing mass bankruptcies A leaked report from the The European Sytemic Risk Board(ESRB) which is chaired by Christine Lagarde and is the key risk watchdog within the EU is forecasting a huge increase in bankruptcies once COVID support facilities are unwound. While this is not totally unexpected many European banks were  already carrying large…
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7 May 2021 0

Far from being out of this world, Musk’s space strategy is classic Silicon Valley

As risky, long-range technology bets go, they do not come much riskier or longer range than space exploration. The term “moonshots” is applied to other grandiose tech projects for a reason.  But the mystique around space obscures what are often very mundane reasons for success and failure. That has been evident again this week as…
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7 May 2021 0

SoftBank leads $15M round for China’s industrial robot maker Youibot

SoftBank has picked its bet in China’s flourishing industrial robotics space. Youibot, a four-year-old startup that makes autonomous mobile robots for a range of scenarios, said it has notched close to 100 million yuan ($15.47 million) in its latest funding round led by SoftBank Ventures Asia, the Seoul-based early-stage arm of the global investment behemoth.…
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7 May 2021 0

UK spies warn local authorities over ‘smart city’ tech risks

Smart city technology designed to streamline public services could prove an “attractive target” for hostile states seeking to disrupt Britain’s infrastructure or steal sensitive data, UK spies have warned. The intervention by the National Cyber Security Centre, a branch of GCHQ, reflects growing fears in the intelligence community that local authorities may inadvertently enter risky…
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6 May 2021 0