Cash apps – Dinahs Doodles Mon, 07 Jun 2021 08:44:20 +0000 en-US hourly 1 Cash apps – Dinahs Doodles 32 32 Ziina, Backed by YC, Raises $ 7.5 Million Seed Led by Avenir Growth Capital and Class 5 Global – TechCrunch Mon, 07 Jun 2021 08:00:40 +0000

Cash is the predominant method of sending and receiving payments in the Middle East. If you owe someone a cup of coffee or a trip for an extended period of time, cash back is your best bet. This is one of the many financial problems that have not been approached In the region.

The good news is that startups are springing up to provide solutions. Last month, Telda, an Egyptian start-up for two months now, raised an impressive sum as a pre-seed to offer digital banking services. Today, Ziina, another Dubai-based startup, has secured $ 7.5 million seed funding to expand its peer-to-peer (P2P) payment service in the Middle East and North Africa.

Ziina succeeded in recruiting the best global investors and founders of fintech in the cycle. Avenir Growth and Class 5 Global led this final round of financing. Wamda Capital, FJ Labs, Graph Ventures, Goodwater Capital, Jabbar Internet Group, Jasoor Ventures from Oman Technology Fund and ANIM also participated.

The founders who participated are Guillaume Pousaz, CEO of Checkout via his investment fund Zinal Growth; Krishnan Menon, CEO of BukuKas, as well as executives of Paypal and Venmo. This adds to a list of executives and early employees from Revolut, Stripe, Brex, Notion and Deel who have joined Ziina’s cycle.

According to the company, it has raised more than $ 8.6 million since its launch last year. This includes the $ 850,000 pre-seed raised in May 2020 and $ 125,000 secured after going through the winter lot of Y Combinator earlier this year..

Ziina was founded by Faisal Toukan, Sarah Toukan and Andrew Gold. It is the latest addition to the bustling Middle Eastern fintech ecosystem and capitalizes on the region’s rapid adoption of fintech-friendly regulation..

The company allows users to send and receive payments with fair a phone number – no IBAN or Swift code required as is the de facto method in the UAE and parts of the Middle East. It also claims to be the nation’s first licensed peer-to-peer social app “on a mission to simplify finances for everyone.. “

After meeting in a hackathon in the United States, Faisal and Gold began to exchange ideas on how to create wallets, wanting to reflect the successes of platforms like WePay, Paytm have had. At the time, VCs seemed to be interested in how the wallet ecosystem intersected with banking.

“The boundaries between portfolios and banking services have become really blurry. Every wallet has a banking partner, and the people who use wallets use them for their day-to-day needs, ”CEO Faisal Toukan told TechCrunch..

On the other handSarah, who is Faisal’s sister, was on her personal FinTech journey in London. There, she attended several meetings hosted by the founders of Monzo and Revolut. Using his knowledge and the experience of the other two, the founders decided that solving P2P payment issues was their own way to have a massive impact in the Middle East..

So how far have they gone? “We have launched a beta version for the market, but it is limited for regulatory reasons and essentially to keep us in check with the ecosystem, ”said Toukan. “Since then, we have been regulated. We have a banking partner, one of the three largest banks in the UAE, and we have created a new portfolio in a month. This is also what we have been working on throughout our time at YC. So it was a pretty eventful year.

The fintech sector in the MENA region is growing rapidly; in terms of digits, at a CAGR of 30%. In addition, in the United Arab Emirates, it is valued that more than 450 fintech companies will raise approximately $ 2 billion in 2022 compared to the $ 80 million raised in 2017. FinTech in the region are concentrated on the resolution of payments, transfers and remittances. Along with its P2P offering, these are the areas Ziina wants to play in, including investment and cryptocurrency services..

According to Toukan, it is not easy to make online investments and remittances are done in exchange houses, a manual process where people have to physically visit an office. “So what we’re looking to do is bring all of these products to life in the UAE and grow beyond. But the first problem we solve is that people send and receive money with two clicks, ”said the CEO.

Starting with P2P has its own advantages. First, peer-to-peer services are a repeated behavioral mechanism that enables businesses to build trust with customers.. In addition, it is a cheaper customer acquisition model. Toukan says that as Zinna gets bigger geographically – Saudi Arabia and Jordan in 2022; and Egypt and Tunisia in a few years – he wants the company’s portfolio to become essentially seamless border. “We want a situation where if you move to Saudi Arabia or Dubai, you can use the same wallet instead of using different banking apps,” he added..

Being on the right side of regulation is key to any fintech expansion. And despite the region apparently friendly fintech regulatory ecosystem, this has been a huge hurdle that Ziina had to overcome, according to Toukan. Second, find the right banking partners. “You must argue with the banks that it is essentially a mutually beneficial partnership. And the way we did it is to essentially highlighting different cases around the world like CashApp which has worked with South Bank, ”he said.

Now that the business has overcome these challenges and is in full swing to get started. Presently, Ziina has up to 1,000 users, who Toukan says processed over $ 120,000 in volume last month. The company also has 20,000 people on its waiting list for to be embarked after launch.

Ziina has already built a team with experience in tech companies like Apple, Uber, Stanford, Coinbase, Careem, Oracle and Yandex. It plans to double its hires with this new investment and the acquisition of customers and to establish commercial partnerships..

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Chart of the week – Gold (cash) ‘s impulsive upward movement sequence remains intact Sun, 09 May 2021 05:09:06 +0000

VSheart of the week – Gold (cash)

The sequence of impulsive upward movements of gold (cash) remains intact

Short term technical analysis

click to enlarge the graph

Time stamp: May 8, 2021 at 2:30 p.m. SGT

  • In our previous “Chart of the Week” published in the Weekly Newsletter of March 8, gold (cash) rallied and hit the resistance / target of 1,755/65 as expected. Since its low on March 31, 1677, gold has shaped a bullish movement of + 9.9% to print a high of 1,843 on Friday May 7.
  • The positive elements remain intact; The 4-hour Relative Strength Index (RSI) has not issued any signals of bearish divergence in its overbought zone. Second, its price action shaped a strong + 5% rise after retesting the old neckline resistance of 1,755 from the mid-term “Double Bottom” bullish reversal pattern on April 29.
  • 1 790 short-term key pivot support (also the ascending trendline from the March 31 low) for a further potential push towards the intermediate resistance of 1870 before the risk of minor withdrawal / consolidation sets in. Subsequently, the next resistance to watch will be the significant major zone of 1940/1965 where the bulls were rejected twice on November 9, 2020 and January 6, 2021, leading to a -14% drop to print the recent March low of 1677. A weekly close above 1,965 is likely to signal the start of a potential major uptrend phase.
  • In contrast, an hourly close below 1,790 reverses the short-term bullish tone for a retest on the key medium-term support area of ​​1,765/55.

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Win a Fitbit or a cash prize worth Rs. 1 LAKH Mon, 26 Apr 2021 06:29:00 +0000

Amazon India is back with its daily Amazon Guess and Win quiz where users can answer a simple question to be eligible to win exciting prizes. The Amazon Guess and Win Daily Quiz for April 26, 2021 has finally started and is available on the Amazon app now. Amazon’s quizzes focus on product questions and general knowledge and offer users the chance to win exciting prizes. The prizes for these quizzes range from free products (including mobile phones and other gadgets) and goodies to the Amazon Pay balance. Find out the answers to today’s Amazon quiz.

Amazon Guess and Win Daily Quiz Information

  • Amazon Price: Fitbit FB507BKBK Black / Carbon OR Rs. 1,00,000 on Amazon Pay
  • Date: April 26, 2021
  • Date of declaration of the list of winners: to be announced

Amazon Guess and Win Daily Quiz: Prizes and Odds of Winning

Participants can win the various Amazon Quiz prizes starting today. The odds of winning depend on the number of eligible entries that correctly answer all of the questions. Eligible entries are those that meet the eligibility criteria described in the mobile application and follow the steps outlined in the “Contest Details and How to Enter” section. You can also tweet about your participation in the Amazon Quiz using #QuizTimeMorningsWithAmazon.

How to play the Amazon Quiz?

Step 1: This is a competition for Amazon apps only, so we suggest you download and install the Amazon Android or iOS app from Google Play Store or Apple App Store.

Step 2: Open the Amazon app and sign in to your Amazon account (create an account if you don’t have an existing Amazon account)

Step 3: How to access the Amazon Quiz? Go to the home page and scroll down in the Amazon app> Deals> click on Amazon Quiz. Another way to access the Amazon Quiz page is to click Menu> FunZone.

Step 4: Now click on the “ Amazon Pay Ring of Rewards Quiz ” banner and press the “ Start ” button.

Step 5: You must correctly answer all questions in the Amazon Pay Ring of Rewards contest.

Step 6: After correctly answering the Amazon question, you will be entered into the raffle.

Amazon Guess and Win Daily Quiz Answers

Question 1: Who has the most IPL counters?

Answer: Lasith Malinga

Question 2: Who will win the game today?

Options: Punjab (Disclaimer: This question is part of the prediction game. Users can choose one of two teams)

Image credits: Shutterstock

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Trash to cash: fight against environmental degradation through technology Sat, 24 Apr 2021 23:18:50 +0000

A few movies and books have portrayed grim versions of a dystopian world where a few groups of humans are forced to survive after global warming and pollution devastated human society.

Can we dismiss stories like this as far-fetched predictions of the future or do they have a grain of possibility in them as current trends testify? Regardless, pollution issues have always aroused great interest among environmentalists, activists and even world leaders.

Climate change and other environmental and aesthetic degradation have shattered our natural systems, giving rise to new deadly diseases – cases at the COVID-19 point – resulting in a collapse of the global economy.

As such, in the spirit of Earth Day, an annual celebration that took place on April 22, all inhabitants of our beautiful planet are called to #RestoreOurEarth – an appropriate theme for this year’s commemoration.

Leaders around the world are seeking to reduce pollution of all kinds – ocean, air, land, etc. In addition, organizations and initiatives continue to conduct public awareness campaigns in an effort to make the people of the earth responsible and respectable people. To say the least, rapid urbanization and economic growth have bigger implications.

In Africa, waste accumulates and spills over to start with nowhere to go, spreading disease, unrest and disorder across the continent. According to a World Bank report, waste generation in sub-Saharan Africa is around 62 million tonnes per year.

In addition, the World Economic Forum says that in Africa a total of 8 million tonnes of plastic waste leaks into the ocean each year. Alarmingly, it is predicted that by 2050 there will be more plastic than fish in the ocean if we do not take action to reduce pollution from litter.

To put it bluntly, if we keep throwing out trash, including bags, nylons, plastics, cans, and the like without worrying about potential dangers, there might be no more left over. fish to eat in the ocean. A horrible thought to contemplate, I’m sure!

To alleviate waste pollution, governments around the world have upped their game and imposed plastic bans. In fact, 46% of the 54 African countries have banned plastic, making the continent one of the countries with the highest percentage of national plastic bans in the world according to the United Nations Environment Program (UNEP). Despite this legislation, Africa remains the second most polluted continent on the planet.

In addition to the policies formulated, there are other approaches for effective waste management. In times before modern civilization, people dumped garbage on streets and unpaved roads where it was left to accumulate and rot; an unhealthy practice which was then abolished. However, from that point on, humans began to play with various waste disposal systems best suited to their time.

Today, technological innovations aimed at reducing pollution occupy a prominent place in alleviating some of the growing challenges of our increasingly technological world.

For some, the technology is seen as a figurative double-edged sword not only capable of ruining the environment, but also capable of repairing damage to the quality of the environment. In the following, I explore the ways in which technology is used to improve the environment, particularly in the area of ​​waste management.

Recycling waste into new products

Environmentally friendly individuals contribute their share in the fight against waste pollution. From a Nigerian woman who stunned the internet (Twitter) after showing beautiful bags, clothes and shoes she made from nylon sachet of water to young Tanzanians who turn plastic bags into mattresses, sell them for profit and distribute them to those in need. , the media abound with stories of inventive people concerned with the environment in Africa.

Let me tell you, these are by no means isolated incidents. Young Africans are unleashing their power and resources to revive our planet, keeping their communities safe in this ongoing battle against climate change.

Waste disposal applications

Companies in the waste management industry are creating new ways to manage waste in an efficient and environmentally friendly manner. For example, Yo-Waste, a technology waste management company based in Kampala, Uganda, has developed an app that allows individual households and small businesses to manage waste collection services from their mobile phones.

Modernization of landfills

In developing countries, landfills and landfills are the two most popular resting places for waste due to their cost effectiveness. Leveraging the power of science, the waste management industry has modernized landfills. Devices such as trash compactors have been designed to minimize the space occupied by landfills.

Automated garbage collection

This phenomenon is not uncommon in developed countries in Europe and Asia. With automated sensors that trigger instant alerts whenever a container is full and needs to be emptied, waste disposal becomes easier than ever. Although not yet widespread, this technique is gaining some attention in Africa.

What I have demonstrated from the above is that waste management is not necessarily a rigorous and tedious activity. Plus, it can be a lucrative business!

I also took the liberty of highlighting African startups that offer innovative solutions to the continent’s waste pollution. Let’s review some of these startups implementing tech-driven strategies to manage and eliminate waste, improve efficiency, job opportunities, and environmental safety.

Scrapays Technologies Ltd

Launched in 2019, Scrapays is a Nigerian cleantech startup that connects waste producers with independent recyclable collection companies so they can effectively dispose of sorted waste with incentives.

Recently, the startup won 12 million naira in grants from the 2021 Deji Alli ARM Young Talent Award (DAAYTA) program which ran virtually on April 9. The Deji Alli ARM Young Talent Award (DAAYTA) is a youth-focused initiative founded in 2015 by Asset & Resource Management Holding Company Limited (ARM) in honor of its founding CEO Deji Alli. It aims to support young entrepreneurs with smart and innovative ideas that have a positive impact on the lives of people and the communities around them.


Based in Jos, Nigeria, OkwuEco is a waste management platform that uses cutting edge technology to help its customers identify, sort their waste and connect with waste collectors or waste disposal services.


Coliba is a recycling and waste management start-up based in Côte d’Ivoire that tackles the problems of plastic pollution in the community. It uses web and mobile applications to connect waste producers to affiliated plastic waste collectors, allowing users to save airtime or discounts on certain products by recycling.


A Ghanaian e-waste management startup, AppCyclers converts e-waste into useful products such as egg incubators, home decor items, jewelry, key chains, mirror frames and other accessories for kids. reuse.

With the continued efforts of the aforementioned startups, coupled with the application of technological tools revealed earlier and the environmental awareness of every citizen, Africa may well be on the right track to contribute to a clean world.

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Growing Global Cash Flow Management Software Market 2021 by Major Key Players Fri, 23 Apr 2021 05:35:49 +0000

The latest research from Market Research Intellect, the Global Cash Flow Management Software Market Report, provides a comprehensive study of the geographic landscape, industry size, and business revenue estimates. Further, the report highlights the challenges and forecasts hampering the market growth and expansion strategies adopted by large companies.

The statistical information provided in this report is based on major and minor surveys and studies of the Cash Flow Management Software market, as well as press releases. This includes data provided by a professional team of well-known global participants to provide up-to-date information on the international market.

Competitive landscape:

Competitive landscape of Cash Flow Management Software market provides detailed information by competitor – company profile, company funding, revenue generation, market potential, research and development investments, new market initiatives , global presence, production sites and facilities, production capacity, company strengths and weaknesses, product launch, product breadth The above data points are only relevant for the company’s focus on the cash flow management software market.

The report covers the major players in the Cash Flow Management Software Market:

  • Float
  • CashAnalytics
  • Caflou
  • Fluidly
  • PlanGuru
  • HighRadius Cash Application Cloud
  • ABM cash flow
  • Impulse
  • April
  • Scoro
  • Dryrun
  • Cash book
  • Cashforce
  • Cash Flow Mojo
  • CashControl

Cash Flow Management Software Market Segmentation:

By Product Type, the market is primarily split into:

By application, this report covers the following segments:

Scope of Cash Flow Management Software Market Report

Report attribute Details
Market size available for years 2021 – 2027
Base year considered 2021
Historical data 2015 to 2019
Forecast period 2021 – 2027
Quantitative units Revenue in millions of USD and CAGR from 2021 to 2027
Covered segments Types, applications, end users, etc.
Cover of the report Revenue forecast, company ranking, competitive landscape, growth factors and trends
Regional scope North America, Europe, Asia-Pacific, Latin America, Middle East and Africa
Personalization scope Free customization of the report (equivalent to 8 analyst working days) upon purchase. Add or change the scope of country, region and segment.
Pricing and purchase options Take advantage of personalized shopping options to meet your exact research needs. Explore purchasing options

Analysis of the Geographic Market for Cash Flow Management Software:

This Cash Flow Management Software Market report examines key producers and consumers, focusing on product capacity, value, consumption, market share, and growth opportunities in these key regions, covering

  • North America (United States, Canada and Mexico)
  • Europe (Germany, France, United Kingdom, Russia and Italy)
  • Asia Pacific (China, Japan, Korea, India and Southeast Asia)
  • South America (Brazil, Argentina, Colombia etc.)
  • Middle East and Africa (Saudi Arabia, United Arab Emirates, Egypt, Nigeria and South Africa)


  • Global Cash Flow Management Software Market Overview
  • Economic impact on industry
  • Competition in the manufacturers market
  • Production, income (value) by region
  • Supply (production), consumption, exports, imports by region.
  • Production by type, income (value), price evolution
  • Application market analysis
  • Manufacturing cost analysis
  • Industrial chain, sourcing strategy and downstream buyers.
  • Analysis of the marketing strategy, distributors / traders
  • Analysis of market influencing factors
  • Global Cash Flow Management Software Market Forecast

Visualize the Cash Flow Management Software Market Using Verified Market Information: –

Verified Market Intelligence is our BI-enabled platform to tell the story of this market. VMI provides in-depth predictive trends and accurate insights into over 20,000 emerging and niche markets to help you make key revenue impact decisions for a bright future.

VMI provides a comprehensive overview and global competitive landscape of regions, countries and segments, as well as key players in your market. Present your market reports and results with built-in presentation capabilities, delivering over 70% of the time and resources to investors, sales and marketing, R&D and product development. VMI supports the delivery of data in interactive Excel and PDF format and provides over 15 key market indicators for your market.

Obviously, this report will give you an unequivocal perspective on every market reality without the need to hint at any other research report or source of information. Our report will present to you the reality of the past, present and ultimate fate of the market.

To note-To provide more accurate market forecasts, all of our reports will be updated prior to delivery taking into account the impact of COVID-19.

Thank you for reading this article; you can also get one section per chapter or one version of Wise report by region, such as North America, Europe or Asia etc.

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Our talk of logical search solutions, personalized advice and gravity data analysis spans a range of industries including energy, technology, manufacturing and construction, chemicals and materials, food and drinks. Etc. Our research studies help our clients make more data-driven decisions, admit push predictions, grossly capitalize on opportunities and maximize efficiency by activating as their belt in crime to adopt a mention precise and indispensable without compromise.

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Global Cash Sorting Machine Market Research 2021 – Giesecke & Devrient, Glory Global Solutions, Toshiba Infrastructure Systems Thu, 22 Apr 2021 05:29:08 +0000

The recently published report entitled Global Cash Sorting Machine Market 2021 by Manufacturers, Regions, Type and Application, Forecast to 2026 from the database of contains aggregated information on the current market situation and outlook. The report focuses on the unique and relevant factors that are expected to affect the market during the forecast period 2021 to 2026. The report provides expert and in-depth analysis of the market with all the useful information required about this market. The report provides expert and in-depth analysis of the global Cash Sorting Machines market with all the useful information required about this market. The report examines various market producers, unions, organizations, suppliers and industries.

The report examines various market producers, unions, organizations, suppliers and industries. It provides significant insights into segmentation, estimated growth trends, major drivers and restraints, major market player profiles and forecast, along with many other crucial components relevant to the global Cash Sorting Machines market. . The report throws light on an overview section, encapsulating factors such as market start, analysis based on global market type, application analysis, and end use. The section also highlights the scope of the market research, followed by contributions on risk analysis, influencing drivers and growth catalysts.


NOTE: Our report highlights the main issues and dangers that businesses could face as a result of the unprecedented COVID-19 outbreak.

Important features offered:

The report largely focuses on the key players and their business tactics, geographic expansion, market segments, competitive landscape, manufacturing, and pricing and cost structures. Major manufacturers in the market are presented with price, sales, revenue, and global market share. With this report, various companies and research experts will be able to make profitable decisions in the future. The global ATM market is highly fragmented by type and application, with sales market share and growth rate by type and application.

Market competition from major manufacturers as follows:

  • Giesecke and Devrient
  • Glory Global Solutions
  • Toshiba Infrastructure Systems & Solutions Corporation
  • From the street
  • Cummins-Allison
  • Kisan electronics
  • Julong Europe GmbH
  • GRGBanking
  • Bcash Electronics Co.
  • Laurel Bank Machines Co., Ltd.
  • Guao Electronics

The types of coverage on the market are:

  • Note sorting machines
  • Coin sorting machines

The market segment by applications covers:

  • Retail
  • BFSI
  • Hospitality
  • Education
  • Health care
  • Other

Market segment by regions / countries, this report covers:

  • North America (United States, Canada and Mexico)
  • Europe (Germany, France, United Kingdom, Russia, Italy and rest of Europe)
  • Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia)
  • South America (Brazil, Argentina, Colombia and the rest of South America)
  • Middle East and Africa (Saudi Arabia, United Arab Emirates, Egypt, South Africa and Rest of Middle East and Africa)


Further, the document offers an in-depth examination of the likelihood of threat and effective management of the challenges to ensure the growth of the Global Cash Sorting Machines Market. This study looks at global business factors such as import, export and local consumption. The report has a detailed scope to cover all possible segments, helping every stakeholder in the market. Readers receive current market conditions along with forecast probabilities.

Insightful Highlights: Global Market:

  • Notable and significant alterations in influencing dynamics
  • An in-depth assessment of the global ATM market segmentation
  • Upcoming market segments, regional diversification
  • An in-depth reference for front-line actors
  • Market share details and overall value assessment
  • Section on industry best practices and list of key players

Customization of the report:

This report can be customized to meet customer requirements. Please connect with our sales team ([email protected]), which will make sure you get a report that’s right for you. You can also contact our leaders at + 1-201-465-4211 to share your research needs.

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Revealed: Residence loophole in Malta’s passport payment system | Malta Thu, 22 Apr 2021 04:00:00 +0000

SThe wealthiest Russians, Chinese and Saudis have been granted unrestricted access to the EU through a Maltese passport-cash system that requires them to spend less than three weeks in the country, a leak from a passport brokerage.

The cache of thousands of Henley & Partners emails and documents provides an unprecedented window into the mechanisms of so-called “golden passport” systems, through which countries sell their citizenship to wealthy foreigners.

The leak reveals how some applicants seeking to buy Maltese passports under a government investor scheme were able to pretend to ‘reside’ in the country for a full year by renting apartments and leaving them empty.

This loophole has allowed some clients, who pay over a million euros under the program, to successfully claim that they have a ‘genuine connection’ with Malta – a key legal requirement – while spending some money there. weeks on vacation and doing a few other superficial gestures. like renting a yacht or donating to a local charity.

The revelations are likely to alarm the European Commission, which recently initiated the steps to initiate potential legal proceedings against Malta for its sale of gold passports. The commission accused Malta of selling citizenship – which allows full access to the EU – to people with little or no connection to the country.

The Maltese government rejects any suggestion that his residency requirement is a sham. He argues that it is he, rather than the EU, who has the final legal say over who can be issued a passport, and that applicants are subject to a security check before receiving a passport. residence permit.

But Henley’s files reveal that in the program’s early years, many candidates told the government they planned to develop only the most superficial ties to the country, with most revealing that they planned to spend only a few weeks. in Malta during the supposed 12 month Residence Period.

The Henley data was shared with a consortium of media partners, including The Guardian, by the Daphne Caruana Galizia Foundation. The non-profit organization was founded two years ago and is named after a Maltese anti-corruption journalist who was murdered in 2017.

Questions and answers

What is the Henley & Partners leak?


The Henley & Partners data leak consists of files from a company specializing in helping high net worth clients with the purchase of visas or passports. Investor citizenship, also known as the “golden passport” trade, is legal but highly controversial. The leaked files show how many Maltese investor citizens had little or no significant ties to the island where they were naturalized as citizens.

The leak was obtained by the Daphne Caruana Galizia Foundation, a nonprofit organization, and shared with media partners including the Guardian. The foundation, which was supported in this project by the Investigative Journalism for Europe (IJ4EU) fund, is named after a Maltese investigative journalist killed by a car bomb in 2017. The murder of a journalist in a Member State of the EU sparked international outrage, and the commitment of fellow journalists to continue reporting on the issues Caruana Galizia pursued before she died.

In 2013, the Maltese government announced its intention to sell passports to wealthy people outside the country. Henley & Partners, who previously helped launch a similar program in the Caribbean nation of Saint Kitts and Nevis, helped design the Maltese scheme. In the years leading up to her death, Caruana Galizia was fiercely critical, posting multiple revelations about the project on her blog.

The information was obtained by the foundation from a whistleblower who first contacted Caruana Galizia several years ago. The foundation managed to reestablish contact with the whistleblower after Caruana Galizia’s death.

Henley & Partners, which was founded by Swiss businessman Christian Kälin, arguably invented the modern industry of “citizen planning”, which is worth around $ 3 billion a year. His first major client was the government of Saint Kitts and Nevis in the Caribbean, where he was hired to launch a citizenship by investment program in 2006.

He played a key role in creating Malta’s Golden Passport program, advising the government on how it should be structured. Originally, Henley was to have exclusive rights to administer client applications, although this was relaxed after a political outcry.

Letters of Intent

Malta announced its plan to sell citizenship eight years ago, prompting expressions of concern from the EU that buyers would have unrestricted access to the Schengen area, allowing free movement between Member States.

In January 2014, a justice spokesperson for the European Commission delivered a speech denouncing the proposals and stressing that EU members should only provide passports to people with a “genuine connection” to their country.

The deadlock was averted when, two weeks later, the commission and the Maltese government issued a joint statement announcing that anyone purchasing Maltese citizenship should reside in the country for a full year, demonstrating the authenticity of their connection to their new home.

“No certificate of naturalization will be issued unless the applicant provides proof that he / she has resided in Malta for a period of at least 12 months immediately preceding the day of issue of the certificate of naturalization”, states the communicated.

However, the Maltese Golden Passport system does not define “residence”. Government officials were once elusive when asked what proportion of the 12-month period applicants had to be physically present.

Valletta, Malta
Valletta, Malta. Photograph: David Levene / The Guardian

The Guardian reviewed 250 “letters of intent” that Henley clients had drafted for their claims, in which they explained to the government how they intended to settle in Malta. Several of the letters from those who subsequently received Maltese nationality did not commit to spending any time in the country.

Internal emails repeatedly show customers how much time they could spend. After a representative of a client from the Middle East asked for more details in a 2014 case, an employee asked his manager if he “was dating Malta for about 7-14 days (i.e. say the minimum possible time) for biometric data and requested and received the [residency] card ”would suffice.

The Director replied: “The government would like to see a cover letter provided by each of the main applicants outlining how they intend to establish residency and genuine links with Malta.” He added: “They do not wish to publish on the residency issue which is very busy locally.”

If longer visits were not possible, opening bank accounts, donating to local charities and joining local clubs would help demonstrate ties to the country. “In reality, no candidate will be refused on the nature of this cover letter,” he concluded.

A subsequent opinion appears to have been that only two weeks was sufficient. “The applicant does not necessarily need to be physically present in the country,” said one client. “However, in order to create a real link with the Maltese Islands, [the Maltese government] would appreciate reading the number of days provided in the cover letter. The number of days must be at least 14. “

Of the 250 letters, the average time commitment in Malta was 16 days.

Two bedrooms for 12 people

As part of their demonstration of a commitment to their new home, Malta Golden Passport applicants were also required to invest 1.15 million euros in the country, including a real estate purchase worth € ” at least € 350,000 or a five-year rental at € 80,000.

Some of the leased properties were much smaller than the size the Applicant’s family realistically would have been had they planned to live in the property. In one case, a Chinese national rented a two-bedroom apartment for € 1,500 per month despite applying for citizenship for 12 people, including six children.

A South African businessman seeking Maltese citizenship refused to pay Henley a management fee for his apartment on the grounds that no one would visit him. “It is not used, nobody is going to go for a year,” he complained in an email to the cabinet. “If Henley has inspected it and everything is in good shape, what could possibly go wrong?” The owner will take it back as it was rented. “

In another case, a client asked Henley to find him his residence. When asked to fill out a form detailing his price range and details, including minimum rooms and the desirability of a sea view, he wrote: “I don’t care what is. the cheapest and in line with the program. “

Yachts at Portomaso Marina in Valletta
Yachts at Portomaso Marina in Valletta. Photograph: David Levene / The Guardian

Henley did not dispute that some of his clients had little presence in Malta during their residency. A senior company official said: “Some of our clients have chosen to spend a lot of time and reside in Malta, while others have chosen to spend the minimum time required in the country.”

He also argued that genuine ties were not defined in EU law and that it was the Maltese government that “sets the rules and makes the final decision on all citizenship applications”.

Malta’s High Commissioner to the UK, Joseph Cole, dismissed as “factually incorrect” any description of the 12-month residency requirement as a sham. However, the Maltese government did not dispute the Guardian’s findings, insisting only that the candidates had been properly screened.

In a statement, Henley said it is aware of the potential risks associated with processing client applications and has “invested significant time and capital in recent years to create a governance structure that is committed to upholding the highest standards, with due diligence at heart. ”

He stressed that he had always observed local laws in the countries where he operated and added that he had advised the Maltese government to create an independent regulator for the system.

“We have helped the Maltese government create a remarkably successful sovereign finance and economic innovation platform, raising hundreds of millions of euros in debt-free capital,” he said. “Our processes are well documented and are significantly more advanced than those of the majority of other players in the investment migration industry.”

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U.S. Representative Ken Buck rejects big tech money – CBS Denver Thu, 22 Apr 2021 03:18:00 +0000

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Fans slam the bad timing of the Twitch Star Uno tournament in person Wed, 21 Apr 2021 23:45:00 +0000

Last night the 100 Thieves esports and lifestyle organization took place an all-star streamer Uno tournament starring Twitch and YouTube stars like Rachel “Valkyrae” Hofstetter, Ali “Myth” Kabbani, Jack “CouRage” Dunlop, Ludwig Ahgren, Hasan Piker and the Botez sisters, whose otherworldly chess skills do them. unfortunately not quite brought to victory in a children’s card game. However, the power of the stars was not the only outstanding quality of the event. It took place in person, with sporadic masks on faces.

The tournament itself was a good time, full of sorts of Laughs and guilty moments it comes naturally when a lot of very charismatic people gather around the same table. Some fans, however, were upset by the apparent lack of adherence to the participants’ covid security protocols, especially since spike in numbers around the worldeven in parts of the United States, where vaccines are more readily available.

In reaction to this, Hofstetter – who recently solidified his status as one of the biggest streamers on the planet by becoming part-owner of 100 Thieves – explained that the organization had taken precautions in advance.

“Everyone has been tested before and again before entering the building, ”she said on twitter last night. “Health inspector, off-camera masks, most of the vaccinated, information brochure on covides with rules and guidelines. It makes no sense to think that we would do this without it.

Jackson Dahl, vice president of talent and entertainment for 100 Thieves, elaborated further.

“To add even more detail, we PCR tested everyone who attended today both a week before, a 24 hour PCR the day before and a rapid test before entry.” he said.

This was supported by tweets from streamers like Piker, who noted in the morning – before the start of the event – that “we underwent rigorous covid testing (including this morning).”

Even with all of this in mind, however, some fans are concerned that 100 Thieves’ Uno extravaganza was a case of “too much, too soon”, especially when the organization could have waited a few more months – by then, significantly more people will likely be vaccinated.

“Yes,” a fan replied to Hofstetter’s tweet earlier today, “but was it necessary to do it in person in the first place?”

In response, Hofstetter said that it was a “contract sponsored business event” and that it had “no control over it”. Kotaku contacted 100 thieves for more details on what the contract said and why the event could not have happened later, but as of this post, the organization has not responded. It is likely, however, that the event took place as part of 100 Thieves’ continued collaboration with Cash App, given that it was broadcast on the mobile payment service’s Twitch channel, featured an image of brand on tables and banners in the background, and took place in 100 Thieves’ Los Angeles facility, called “100 Thieves Cash App Compound”.

From a purely digital point of view, the Uno tournament was a learned maneuver. Also recent Among us, Rust, and GTA RPG trends have turned out, if you create a gathering place for big name streamers, viewers will come. Star power combined from last night Uno the event drew over 80,000 simultaneous viewers at its peak. And again they were playing Uno – not the most exciting game in the world, and one they could have easily played online, from the safety of their own homes. This particular lineup of streamers probably could have done anything collectively while reaching a similar audience level. The fact that they were together was the key. After over a year of isolation caused by covids, it was oddly exciting to see everyone in the same room laughing and looking at each other on big comedic maps.

But, as health professionals have pointed out, things are not back to normal yet, and it is likely that we are seeing a further increase in cases in part because people are behaving prematurely as if they were. The 100 Thieves event offered viewers the fantasy of normalcy – a welcome escape from the lonely drudgery of endless quarantine. However, it also fanned the flames of preventive quarantine, of celebrating as if we had crossed the finish line when the marathon was not quite over yet. In the world of advertisements and branded offerings, streamers are often referred to as “influencers,” and this buzzword isn’t entirely without meaning. Fans really listen to their favorites – not blindly, mind you, but people and organizations with millions of viewers absolutely control a level of influence.

At a time when it is more essential than ever that people stay patient – we are finally almost there – it probably wasn’t the best idea to have a face-to-face meeting Uno tournament, no matter how nice it was to see everyone back together.

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Mercury pioneers the revolutionary application-ready Rappid spectrum processing platform to support full spectrum superiority Nasdaq: MRCY Wed, 21 Apr 2021 20:15:00 +0000

ANDOVER, Mass., April 21, 2021 (GLOBE NEWSWIRE) – Mercury Systems, Inc. (NASDAQ: MRCY,, a leader in reliable and secure mission-critical aerospace and defense technologies, today launched the revolutionary Rappid ™ spectrum processing platform, an innovative, modular open system architecture designed to dramatically accelerate development of a wide range of electronic warfare (EW), signal intelligence and software-defined radio applications. This scalable, application-ready platform reduces integration costs, extends system lifecycles, and enables rapid deployment of new technologies – all essential to staying relevant to evolving adversarial threats.

“Customers demanded an open, modular solution that would allow them to quickly deploy the latest EW technology to where it is needed most,” said Mark Bruington, vice president and general manager of Mercury Spectrum Systems. “Our new open-architecture ‘grow once, deploy anywhere’ Rappid platform decouples hardware from software in the same way smartphone apps are designed to work on multiple smartphone models. This revolutionary approach allows users to quickly port new software to their existing subsystems to counter near-peer EMS threats. This is another important step in Mercury’s commitment to make commercial technology deeply more accessible to aerospace and defense. ”

“Rapid deployment of new technology is essential to winning a nation-state competition,” said Dr. Bill Conley, chief technology officer at Mercury. “By leveraging commercial technology, our Rappid platform enables the democratization of innovation between industry and government in a new way that dramatically reduces the time the military has to wait to receive enhanced capabilities. This transformative innovation supports our national goals articulated in DoD’s 2020 Electromagnetic Spectrum Superiority (EMS) Strategy by improving the agility of our systems. It is a revolutionary breakthrough essential to defeating opposing hypersonic weapons, enabling joint command and control of all areas, as well as the rapid upgrading of DoD’s strategic multi-mission platforms.

Today’s EW systems are typically designed and developed with custom hardware, firmware, and software. As new technologies become available, the upgrade process can be tedious and expensive, as each new design requires the development of new software from scratch. In contrast, Rappid allows system developers to run the same software and firmware on different hardware implementations, enabling rapid upgrades across a wide range of EW systems to deliver operational capabilities when and where they are needed. Mercury continues to expand the Rappid environment by adding new partners and capabilities, bringing the latest technologies to mission critical applications. A first collaboration with third-party system developers has already started with the Virginia Tech Hume Center for National Security and Technology, followed by one of the first users, the Jammer Technique Optimization Team (JATO), from the Naval Air Base. by Point Mugu.

Mercury envisions, creates and delivers innovative technology solutions specifically designed to meet the most pressing high-tech needs of our customers. For more information, purchase requests or to learn how to become a development partner, please visit the Rappid web page or contact Mercury at (866) 627-6951 or

Mercury Systems – Innovation That Matters®
Mercury Systems is a global commercial technology company serving the aerospace and defense industry. Based in Andover, Mass., The company provides reliable and secure open architecture processing solutions powering a wide range of mission-critical applications in the harshest and most demanding environments. Inspired by its goal of delivering innovation that matters, by and for the people who matter, Mercury helps make the world a safer, more secure place for everyone. To learn more, visit, or follow us on Twitter.

Prospective Safe Harbor Statement
This press release contains certain forward-looking statements, as that term is defined in the Private Securities Litigation Reform Act of 1995, including those relating to the products and services described in this document and to the business performance of fiscal year 2021 and to the beyond and to the growth and growth plans of the company. improved profitability and cash flow. You can identify these statements by using the words “may”, “will”, “could”, “should”, “would”, “plan”, “expect”, “plan”, “continue”, “estimate,” “Project”, “intention”, “probable”, “planned”, “probable”, “potential” and similar expressions. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, the continued funding of defense programs, the timing and amounts of such funding, general economic and business conditions, including unforeseen weakness in the Company’s markets, epidemics and pandemics such as COVID, the effects of any US federal government shutdown or prolonged ongoing resolution, the effects of ongoing geopolitical unrest and regional conflicts, competition, technological changes and marketing methods, delays in the completion of engineering and manufacturing programs, changes in customer order patterns, changes in the product line, following successful technological advancements and delivery of technological innovations, changes or the U.S. government’s interpretation of federal export control or regulatory rules and regulations pprovisioning, market acceptance of the Company’s products, component shortages, production delays or unforeseen expenses due to performance quality issues with outsourced components, ina ability to fully realize the expected benefits of acquisitions and restructurings, or delays in realizing these benefits, challenges related to integrating acquired businesses and achieving expected synergies, increases in interest rates, changes in industrial security and cybersecurity regulations and requirements, changes in tax rates, tax regulations, changes in interest rate swaps or other cash flow hedging arrangements, changes in generally accepted accounting principles, difficulties in retaining key employees and customers, unforeseen costs associated with fixed-price service and systems integration commitments, and miscellaneous other factors beyond our control. These risks and uncertainties also include additional risk factors as discussed in documents filed by the company with the United States Securities and Exchange Commission, including its annual report on Form 10-K for the year ended 3 July 2020. The company cautions readers not to place undue reliance on these forward-looking statements, which speak only as of the date of their publication. The Company assumes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made.

Robert McGrail, Director of Corporate Communications
Mercury Systems Inc.
+1 (978) 967-1366 |

Mercury Systems and Innovation That Matters are registered trademarks and Rappid is a trademark of Mercury Systems, Inc. Other product and company names mentioned may be trademarks and / or registered trademarks of their respective holders.

A photo accompanying this announcement is available at

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