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India, which is increasingly trying to shelter local companies, has erected regulatory hurdles over the past year for how US tech firms operate in the country (Newley Purnell/Wall Street Journal)

Newley Purnell / Wall Street Journal: India, which is increasingly trying to shelter local companies, has erected regulatory hurdles over the past year for how US tech firms operate in the country — New barriers make world’s biggest untapped digital market a slog for Walmart, Facebook; taking cues from China’s [Read More...]

Amazon launches a battery-powered portable Echo speaker in India with an enclosed 4,800mAh battery, claims up to 10 hours of continuous music playback (Manish Singh/TechCrunch)

Manish Singh / TechCrunch: Amazon launches a battery-powered portable Echo speaker in India with an enclosed 4,800mAh battery, claims up to 10 hours of continuous music playback — After launching nearly a dozen Echo speaker models in India in two years, Amazon said on Wednesday it is adding a new variant to the mix [Read More...]

European Banks Struggle With Low Interest Rates and Strict Regulations

Banks in Europe have been in a difficult spot lately. A new report reveals that financial institutions across the region faced serious difficulties in the 2018 financial year, and despite all the cost cutting that followed, haven’t managed to compensate the revenue decline in 2019. Historically low interest rates, new regulatory hurdles and [Read More...]

Gemini Hires Former Starling Bank Founder as Managing Director of Europe

The exchange hired Julian Sawyer, former co-founder and chief operating officer of a U.K. digital bank, to shape the exchange’s strategy in the region and manage European [Read More...]

Japan Now Has 21 Approved Crypto Exchanges

Japan’s top financial regulator has approved the remaining crypto exchange that was in business prior to the regulation of the crypto industry. Exchanges in this category were allowed to continue operations while their registration applications were being reviewed. The regulator has so far approved a total of 21 crypto exchanges to operate in [Read More...]

Researchers achieve new cryptography milestones, including factoring the largest RSA key size ever, largely thanks to improved algorithms, not better hardware (Dan Goodin/Ars Technica)

Dan Goodin / Ars Technica: Researchers achieve new cryptography milestones, including factoring the largest RSA key size ever, largely thanks to improved algorithms, not better hardware — 795-bit factoring and discrete logarithms achieved using more efficient algorithms. — 34 with 24 posters [Read More...]

YouTube claims users spend 70% less time on “borderline” content, like conspiracies, since it tweaked recommendations in January but fails to offer more details (Greg Bensinger/Washington Post)

Greg Bensinger / Washington Post: YouTube claims users spend 70% less time on “borderline” content, like conspiracies, since it tweaked recommendations in January but fails to offer more details — Video giant says users spent 70 percent less time watching videos pushing miracle [Read More...]

Mozilla removes four Firefox extensions made by Avast and AVG after reports that they were harvesting user data and browsing histories (Catalin Cimpanu/ZDNet)

Catalin Cimpanu / ZDNet: Mozilla removes four Firefox extensions made by Avast and AVG after reports that they were harvesting user data and browsing histories — The four extensions, two from Avast and two from AVG, are still available on the Chrome Web Store. — Mozilla removed today four Firefox extensions [Read More...]

Firefox 71 arrives with Picture-in-Picture support on Windows for all video sites, Enhanced Tracking Protection and Lockwise password manager improvements, more (Emil Protalinski/VentureBeat)

Emil Protalinski / VentureBeat: Firefox 71 arrives with Picture-in-Picture support on Windows for all video sites, Enhanced Tracking Protection and Lockwise password manager improvements, more — Mozilla today launched Firefox 71 for Windows, Mac, Linux, Android, and iOS. Firefox 71 includes Lockwise password manager improvements [Read More...]

OneConnect, a tech-as-a-service platform for financial SMBs, launches US IPO of up to $504M in a down round, after raising $650M last year from SoftBank and SBI (Julia Fioretti/Bloomberg)

Julia Fioretti / Bloomberg: OneConnect, a tech-as-a-service platform for financial SMBs, launches US IPO of up to $504M in a down round, after raising $650M last year from SoftBank and SBI — Masayoshi Son, head of Japanese conglomerate Softbank, is facing another valuation cut in one of his [Read More...]

Highspot, makers of an AI-powered platform to optimize sales, raises $75M Series D extension, bringing Series D total to $135M and total raised to ~$200M (Taylor Soper/GeekWire)

Taylor Soper / GeekWire: Highspot, makers of an AI-powered platform to optimize sales, raises $75M Series D extension, bringing Series D total to $135M and total raised to ~$200M — New funding: Seattle startup Highspot today announced a $75 million “Series D-1” investment round, bringing total funding for the 7-year-old company to more [Read More...]

Postmates shuts Mexico City office laying off employees; sources say at least several dozen have been laid off including people across its offices in the US (Salvador Rodriguez/CNBC)

Salvador Rodriguez / CNBC: Postmates shuts Mexico City office laying off employees; sources say at least several dozen have been laid off including people across its offices in the US — – Postmates has laid off dozens of employees and told employees in Mexico City that it’s closing that [Read More...]

State Street Slashes DLT Developer Team as Bank Rethinks Blockchain Strategy

State Street Bank has cut over 100 blockchain developer jobs as part of a pivot from transforming its plumbing with DLT to supporting digital [Read More...]

Leadership change at Alphabet is unlikely to mean much to Google employees or users, since Larry Page has not been focused on Alphabet’s core business for years (Peter Kafka/Vox)

Peter Kafka / Vox: Leadership change at Alphabet is unlikely to mean much to Google employees or users, since Larry Page has not been focused on Alphabet’s core business for years — Google co-founder Larry Page speaking at a developer conference in 2013. Justin Sullivan/Getty [Read More...]

Mexico-based Konfio, a financial services platform which provides unsecured working capital to SMBs, raises $100M led by SoftBank (Anna Escher/TechCrunch)

Anna Escher / TechCrunch: Mexico-based Konfio, a financial services platform which provides unsecured working capital to SMBs, raises $100M led by SoftBank — Three months after Goldman Sachs lent $100 million to Mexican fintech Konfio, SoftBank has invested another $100 million into the financial services [Read More...]

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