Technology

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Monzo, a startup that acts as an online bank that users can access through their smartphones, is launching new business accounts. These include new features that allow users to manage most of their finances directly from their phones, including tax pots and integrated accounting. There is also a free version of this account that does not have this powerful functionality.

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Famous Silicon Valley-based startup accelerator Y Combinator, which launched Airbnb, Dropbox, and Doordash among many other successful startups, has announced that its next cohort may be entirely remote-based, with its upcoming Demo Day for the Winter 2020 cohort already moved online. Y Combinator has announced that its Summer 2020 cohort may also be moved to video.

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Microsoft's chat and communications software, Team, crashed for European users due to the load caused by most European businesses encouraging employees to work from home, and schools utilizing the service for online classes. Users experienced trouble signing in and sending messages, with the problem being resolved by Microsoft in about two hours.

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The public education firm Scholastic has made up to three hours of daily courses on its website free for schoolchildren who are stuck at home due to the COVID-19 pandemic. Scholastic's Learn From Home section will allow students to choose from four categories: Pre-K and kindergarten, Grades 1 and 2, Grades 3-5 and Grade 6+, with free content available for a week, with 15 more days on the way.

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The UK's Department for Transport has announced that it is reviewing new policies regarding electric scooters and medical deliveries via drones. These scooters were previously banned in most UK cities but may be coming back as the government looks at greener transport alternatives. They are also looking at other new innovative modes of transport.

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The Chinese government has started a number of new data collection campaigns to help them keep track of the coronavirus epidemic. Citizens are being asked to fill out surveys and have their temperature taken at various travel centers around the country. This data collection may help the government find infected people much faster.

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Phone sanitization company PhoneSoap, which uses UV light to eliminate germs accumulated on users' phones, has recorded more than 20 times the orders it usually receives due to the coronavirus outbreak, though it is not yet clear if the PhoneSoap device kills the COVID-19 virus. The company has stated that it hopes the pandemic encourages people to be more mindful of phone hygiene in the future.

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According to the data collected by Mckinsey Global Institute, more than one-third of the best global startups are from Asia. They covered a total of 331 startups, out of which 119 were from Asia including 91 from China, followed by 13 from India than South Korea, and Indonesia. Digitalization helping Asian startups to reach global markets. Most of the startups are related to AI, VR, drones, and robotics.

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Verily, Alphabet's life science division has announced that the coronavirus screening site that Trump claims is almost done, will not be ready for some time as it has not even gone into beta testing yet. This site seems to be integral to Trump's plan to fight the virus as the screening process will begin with the site.

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Los Angeles plans to become the first US city to use renewable hydrogen to generate electricity, eventually phasing out coal and oil completely. They intend to be 100% renewable before the year 2045 but may even reach this goal in the next ten years. The first hydrogen plant will be operational in 2025.

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Princess Cruises, the cruise liner that had a serious outbreak of the coronavirus earlier this year, has recently admitted that it has suffered a data breach. The data that could have been stolen includes the names, addresses, Social Security numbers, and government IDs of both the crew and passengers on the ship.

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Following Google's cancellation of I/O and Facebook's cancelation of its F8 developer conference, Microsoft has announced that it will be shutting down the physical event for its 2020 Build developer conference due to the COVID-19 pandemic, instead choosing, like Facebook and Google, to conduct several online events to introduce developers to changes and improvements in the Microsoft ecosystem.

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Bitcoin, the cryptocurrency that brought blockchain technology to the public eye in 2017 after hitting a historic milestone exchange rate of around 20,000 USD per BTC, has lost most of its regained value over the last week, crashing to as low as 3850 USD per BTC on Luxembourg's Bitstamp exchange, marking a massive 50 percent loss in value over the previous day, which may signal a fall below 1,000 USD.

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According to a new report from analyst Ming-Chi Kuo, Apple could unveil new MacBook Pro and MacBook Air models with scissor-switch keyboards. But Kuo thinks Apple will ship updated MacBook models with a scissor-switch keyboard at some point during the second quarter of 2020. Apple could use this opportunity to increase the size of the display of the 13-inch MacBook Pro model as well.

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American online retail giant Amazon has joined Uber, Salesforce, Google, Facebook, Twitter, and Apple in committing to pay workers quarantined due to COVID-19 paid leave for up to two weeks and has established a relief fund with a 25 million USD contribution to benefit its delivery service partners and drivers, as well as contract-basis employees and Amazon Flex participants.

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Founded by Sasha Haco, who previously worked with Stephen Hawking on black holes, Unitary is an artificial intelligence content moderation startup that aims to detect dangerous or malicious content automatically from the hundreds of hours of video uploaded to the internet every minute. Unitary just raised 1.3 million GBP in seed funding from Rocket Internet's GFC, Jane VC, SGH Capital, and several anonymous angel investors.

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Superpeer is a brand new startup that will let YouTubers and influencers charge money to have one on one video calls with fans or those with questions. The startup has already raised $2 million in investment and has attracted a large amount of attention. The app will use a user rating system in order to avoid harassment.

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A statement from tech giant Microsoft, one of the most valuable companies in the world, has stated that the company has successfully participated in a project to dismantle Necurs, one of the world's largest zombie bot networks, which are webs of internet-connected devices that are used to accomplish tasks automatically. Necurs had been responsible for several cyberattacks aimed at stealing customer information and phishing scams across the world.

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SpaceX founder Elon Musk has recently said in a conference that he may die before SpaceX can land a rocket on Mars. He said that it took the company 18 years just to prepare to send its first manned mission into orbit and if the company moves at this speed he will not be around to see its first Mars mission.

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Australia's privacy watchdog is suing Facebook for the 2018 Cambridge Analytica data breach. The suit could potentially cost Facebook a whopping $529 billion, making it one of the largest suits Facebook has ever faced. Australia claims that Facebook allowed the personal data of 311,127 Australian Facebook users to be used by Analytica without their consent.

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A report from Cybereason's Amy Serper has discovered that a new campaign is targeting people who use hacking tools, by repackaging them with powerful malware and distributing them on popular hacking forums. One piece of malware found has been a crippling trojan virus, njRat, which grants the hackers complete access to the would-be hacker's computer. The cause for the campaign or the group behind it is as yet unknown.

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A project funded for 20 million USD by the Bill and Melinda Gates Foundation is going to provide home-testing kits for the COVID-19 infection for residents of Seattle, where the virus is spreading at an alarming rate. People who test positive will be asked to provide information about their whereabouts and travel to help authorities track other potential cases.

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Only a week after the digital stock investment startup Robinhood apologized to users for a disastrous system-wide power outage due to busy trading, the app has crashed again today after stock crashes across the world prompted another round of heavy trading. The app's creators have stated that users will be compensated for their losses on a case-by-case basis.

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Despite the popular view of Bitcoin and cryptocurrency as a safe haven from world market volatility, BTC prices fell from their temporary rally at $9,100 to the $7,800 mark, with cryptocurrency watchdog Whaletrades reporting a sale of more than $21 million in BTC at $7,800, followed by multiple trades totaling more than $11 million at $7,850 to $7,800 per BTC.

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According to a new report, a project being funded by the Gates Foundation will soon be releasing home testing kits for the coronavirus, making it much easier to test for the virus. The Foundation claims it could test around 400 people every day with this new system, although it is unclear when the kits will be widely available.

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