Daily Crunch: India’s proposed cryptocurrency ban creates path for official digital currency

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Hello and welcome to the Daily Crunch of November 23, 2021! Yes, we are one day closer to Thanksgiving. No, you can’t stop working just yet. one more day! one day more! But before we get into the news, a reminder that our space event is drawing even closer. , alex

Nerdshala Top 3

  • Apple sues NSO: If you read international political news, you must have heard of the NSO group. Its hacking tools are used by governments to spy on dissidents and journalists. It turns out that Apple has paired it with the group’s “nation-state spyware Pegasus,” as Nerdshala put it. That’s why Apple is suing NSO Group, calling the company “immoral 21st century mercenaries who have built highly sophisticated cyber-surveillance mechanisms that invite routine and major abuse.”
  • India wants to ban crypto India plans to introduce, evaluate and implement a bill to ban ‘all private cryptocurrencies’ in the country with the winter legislative session. It would not be the first country to replace private-market blockchain technology with plans for a national digital coin. Another such country is China. The bill may include exceptions, but it is not a promising trend for India’s crypto sector.
  • Forget the unicorn; We need new terms: Remember when startup unicorns were rare and reaching a $1 billion valuation was big news? It was some time ago. Now with more than 900 unicorns around the world, the meaning of the word has been lost. What should we replace it with?

Startups/VCs

  • AR Tomatoes: London-based Dent Reality wants to bring augmented reality, or AR, to the grocery store. Sure, there’s a lot of chatter these days regarding the Metaverse thanks to Facebook’s parent company, but smaller, more targeted AR products may have a place in our collective futures. The startup just raised $3.4 million.
  • Your AI doctor will now see you: UK-based startup ISO has raised a whopping $53 million Series B funding for its work to bring cognitive behavioral therapy (CBT) to its country’s National Health Service (NHS). According to the company’s website, it is “integrating AI and automation” into the therapy market.
  • AI Enhances Verbit (Again) for Transcription Software: Transcribing words from audio is big business. Lots of people get paid to do it by hand. Startups like Otter are also competing in this area. But Verbit certainly has more money than its competitors, having closed a $250 million Series E at a $2 billion valuation less than half a year after its last increase. The company mixes software and humans in its approach.
  • Peak shows Doing Things is making a comeback: If Airbnb lets you rent a house, Peek gives you — or your company — rental experiences. And the company just landed an $80 million round at a $2 billion valuation. We believe investing means people are once again out there despite the remaining risks of COVID.
  • Today’s news from BNPL Land: The Buy Now, Pay Later (BNPL) boom continues this week, with TruPay raising $23 million for its Brazilian solution and sector giant Klarna launching a “buy now” option.
  • Column tax preparation for tax season with new rounds: Filing taxes in the United States is as much fun as fixing a car in the dark, all by yourself, without tools. it’s a mess, thanks in part to intentionally spend money To ensure that it can continue to collect tax prep rent. Regardless, Column is focusing on the youth market, integrating with technology that people already use, and it expects to end its tax prep service in time for U.S. tax season.
  • And because it’s that time of year, here’s a Nerdshala gift guide with a chlorophyll twist.

InRide founder Robert Falk on his moral obligation to electrify autonomous trucking

Robert Falk, CEO and Co-Founder of eRide

image credit: Bryce Durbin

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Swedish autonomous freight company EinRide recently raised $110 million for its expansion in the United States. In partnership with state brands such as Oatly and GE Appliances, the company will operate self-driving trucks and autonomous EV pods that connect to its proprietary IoT system Saga.

Founder and CEO Robert Falk spoke to Nerdshala about why he thinks climate tech solutions are more likely to come from startups and why he doesn’t believe in level 5 autonomy, where a vehicle can perform every driving task under any circumstances. Is.

No human driver can reach level 5. I mean, consider this: If it’s a blizzard, do you drive as fast as you would on a hot sunny afternoon? No not at all. So we applied the same idea.

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(Nerdshala+ is our membership program that helps founders and startup teams grow. You can sign up here,

Big Tech Inc.

  • Maybe Square buying Tidal is good? When consumer fintech and business payments company Square bought Tidal, there was a decent amount of head-scratching. Well, both had plans, it appears. The music service has teamed up with DistroKid to offer a “direct artist payment system”. Nerdshala put the new work under Tidal’s big rubric “experimenting with streaming payout models, which are thought to distribute money more equitably to musicians who don’t get millions of streams on any given day.”
  • NASA launches satellite aimed at threatening large space rocks If you are an asteroid, be careful. NASA wants to give you a nudge. And it’s launching the Double Asteroid Redirect Test, or DART, mission to do so. Jokes aside, having the ability to steer rocks away from Earth’s path is a good idea, provided you’re not in favor of ending our global experiment with highly evolved primates.
  • Forget drone ships, how about helicopter recovery? Want to get hold of a rocket booster? You can do this in a few ways. SpaceX has very few flat boats for the job. Rocket Lab wants to get its Electron rockets out of the air from helicopters. Either way, the approaches are better than the old way of giving boosters. Bus kersplat at sea,
  • If you’re on the enterprise side of things, our very own Ron Miller have a nice blog What is he expecting – expecting? — to hear from the new AWS boss next week.
  • Netflix Gaming, Redux: We’re watching Netflix’s push into gaming with some focus as it marks a notable pivot from the streaming service. News is out that the American video company is launching a “reboot of Gameloft’s Asphalt Extreme,” which officially kicks off this September. Is this a bit good? It’s Hardly AAA Fare, But That’s What Netflix Has To Do Some To stand out apart.

Nerdshala Expert

DC Specialist

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