May 23, 2022

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Hello and welcome to the Daily Crunch on Thursday, March 24, 2022! I am happy to announce that Hey Engages in the Start section of the day as he/she will be participating in the Daily Proper Load exercise starting next week (from ChristineI am very grateful to both of them for stepping back and taking this beautiful letter.

Before getting into the news feed, a few home announcements. Our latest Chain Reaction podcast is out now! It focuses on the crypto world and features Lucas Matney As well as Anita RamaswamiFrom Me and the World of Phenomenon, the gaming-updates Seasons: Mobility prize draw closes soon, and you can register for our upcoming Austin party here. Gotta work now! I Alex

Vanity Kip top 3

  • The Lapsus$ hacker group was arrested: British police have made seven arrests after it became known that a minor was at the center of the Lapsus$ hacker group. The world of cybercrime is fascinating, but the arrests underline that governments are finding some criminals who are trying to extort money from companies and individuals alike.
  • Instacart rents software: Few companies have weathered the pandemic better than Instacart. The company reported an increase in rocket launches earlier in the year related to the COVID-19 pandemic as consumers turned to the service for home delivery of groceries during the lockdown. In 2021, the company’s growth slowed down. To revitalize growth and possibly boost margins, Instacart released a software package this week. Our first reading is that news matters a lot.
  • Russia blocks Google News: Search giant Google has confirmed that “Russians are having trouble accessing its Google News news aggregator service in the country.” The move comes after the Russian government blocked other non-Russian tech companies within its borders. Since Internet access restrictions and authoritarianism go hand in hand, this news is not a big surprise. But it highlights the growing digital impact of the Russian invasion of Ukraine.

Startups and venture capitalists

The startup ecosystem has traditionally not been friendly to female founders and investors, but Mimi Abubaker He claims that it’s not as bad as the usual story tells. We still have a long way to go, but a closer look at the data shows that we have made little progress.

Estimates are valuable — a trend for people to share their paychecks with their co-workers, partly to keep bosses honest about the gender pay gap. We see a similar trend with startups sharing their scores. Recent examples are $100 million valuation symmetric, Digit half a billion, and RapidAPI billion. Believe me; Either way, your competitors will know what you’re rated for, and you can help some of your fellow entrepreneurs by sharing your fundraising score with reporters. (And journalists love it!)

As a fan of Circular Hardware, I’m glad that Ora continues her quest to create the One Ring to rule them all, the One Ring to find them all, collect them all and bind them in darkness. In the Land of Mordor, where the Shadow resides, the company today announced the shipment of its tenth Ring. my favorite.

Other great things happening in the startup ecosystem:

oh and don’t miss BrianThe excellent fact sheet Actuator released today is scanning the robotics world for signs of self-awareness in case we need to prepare for a Skynet attack. Subscribe here and to all other TC newsletters!

Using data to solve the main problems of today’s banking customers

Illustration of fingers in a mousetrap on a colorful background representing blocking

image credit: muller malt (Opens in a new window) / Getty Images

Banks and fintech companies have more access to data than ever before, but many advances have gone in the same direction.

Inflation and stagnant wages limit consumers’ ability to save, but services like buy now and pay later make spending a lot easier.

To provide greater financial support to customers, “modern banks can use data and build trust to improve the financial health of consumers,” writes Uday Akkaraju, CEO of fintech firm Bond.AI.

(gaming-updates+ is our membership program that helps founders and startup teams grow. You can sign up here.)

Big Tech Inc.

We often start talking about startups as a group, so why not do the same today with our big tech notes? Let’s talk about mobility. First, Uber made some kind of deal to list taxis on their app in New York. The Uber saga against taxis has been long, treacherous, and complex. But to be honest, I did not expect this news. LG will then increase battery production in the United States with a $1.4 billion investment, which looks like good news. And recently touted e-scooter company Bird is testing a solution for those who need other commute options. What are we more for?

  • You cannot stop applications: While Apple is in discussions with some countries (like the Netherlands) and companies (like Epic Games) about access to and payments from their own app markets, the overall app economy continues to grow. gaming-updates reports that there were about 37 billion downloads and $33 billion in consumer spending in the first quarter of 2022. That’s a lot – and that’s why Apple wants to suspend rent.
  • Coinbase Moves Forward in India: While the Indian government is trying to figure out how to tax the crypto world, companies are not slowing down. American cryptocurrency trading giant Coinbase is starting to add support for UPI and IMPS payment instruments in India, writes gaming-updates. why is it important? This means that the “crypto exchange” of the company [is] Widely functional for the first time in years in the second largest internet marketplace in the world”, according to our own Manish SinghI
  • Added Weibo to delete watchlist: As reported by gaming-updates, the removal of accounting standards associated with US-listed Chinese companies could lead to Weibo’s delisting. Weibo, often referred to as China’s Twitter, is worth about $6 billion today, or about $26 per share. In 2018, it cost about $140 per share. The history of Chinese companies on the US stock exchanges is one of hype that has since been replaced by uncertainty.

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