Fintech Focus For August 24, 2020

Quote Of The Day: Don't judge each day by the harvest you reap but by the seeds that you plant. - Robert Louis Stevenson

Fintech Movers: A group of Congressional lawmakers have sent a letter to the Internal Revenue Service (IRS) that urges the U.S. tax agency to write policy that does not impede proof of stake technology. - The Block

• Global venture funding during COVID.
• Kadena completes hybrid DLT scaling.
• Eurex options speed bump concerning.
• Wells Fargo deploys contactless tech.
• 3 new exchanges set to launch in fall.
• Croatia’s fintech scene draws attention.
• Hong Kong’s future lies with fintech.
• Finsocial raised $20M for lending tech.
• SGX, FTSE Russell team on derivatives.
• Taking a look at Central Bank cryptos.
• Mexican fintech supervisor restructures.
• NatWest intros Banking My Way service.
• SteelEye introduced auto-trade tech.
• LMAX service intros 24/7 spot trading.
• Apple Card is a controversial success.

Benzinga Global Fintech Awards Spotlight: 

Every year Benzinga, a leading news and data platform, holds the Global Fintech Awards, a day of dealmaking, networking, and recognition in the fintech space.

Ahead of the November 10, 2020 event, this newsletter highlights disruptive innovators working to create positive and diverse change in financial services.

Today's disruptive innovator is Robinhood, a pioneer in commission-free investing.

For a chance to make your mark on the future of innovation and be featured in this newsletter, check out our Global Fintech Awards!

Watch For This: A new national campaign against food waste in China has sparked a rare bout of speculation over the government’s ability to safely feed its 1.4 billion citizens when faced with floods, epidemics, locusts and rising tensions with some of its biggest trading partners. - Bloomberg

• Empathy, Curiosity: Tips to close deals.
• Virginia plans mandatory vaccinations.
• An Inside Story: Robinhood’s founders.
• Submit your pitch deck for a teardown.
• ICE signs a facial recognition contract.
• How Jeep is training dealers to market.
• Steps towards improving your attention.
• Three Gorges Dam water at maximum.
• Michigan and illegal soda can arbitrage.

Market Moving Headline: The real tsunami is coming. My guess is at this point hiring in the industries that have been hit hard is going to abate. - Mark Zandi

• Deriving a stock’s expected movement.
• Spruce Point: GFL understated its debt.
• Korean third virus wave appears muted.
• Researcher spots irrational exuberance.
• European rebound slows amid COVID.
• Oil firms evacuate staff ahead of storms.
• China investors brace for default rise.
• Goldman suggests lithium is attractive.
• Report on the 2020 tech IPO pipeline.
• Chamath Palihapitiya’s next big hustle.
• State of retail technology, sector trends.
• Worldwide search for COVID now lower.
• Peter Lynch: When to sell your stocks.
• The four major ongoing themes in China.