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CTech's Thursday Roundup of Israeli Tech News

Israel’s Bank Leumi is hoarding up to $118 million of Holocaust victims’ money; Regulator greenlights plan for Israel’s largest private power plant

CTech 14:4207.11.19

Israel’s Bank Leumi is hoarding up to $118 million of Holocaust victims’ money. Many Jews deposited their money in the bank on the eve of the Second World War, but the bank piled numerous difficulties on survivors and heirs looking to get their money back after it ended. Read more


Regulator greenlights plan for Israel’s largest private power plant. The natural gas-powered station will be built by Reindeer Energy, a joint partnership between Siemens AG and the Phoenix, at an investment of between NIS two billion and NIS three billion. Read more


Leumi Bank in Tel Aviv. Photo: Bloomberg Leumi Bank in Tel Aviv. Photo: Bloomberg


Social trading company eToro acquires crypto portfolio tracking app Delta. EToro enables users to invest in a wide range of financial assets, including cryptocurrencies. Read more


Quotient technology acquires Adtech startup Ubimo. Ubimo develops location intelligence technology that offers advertisers extremely precise location-based targeting, allowing them to target people attending a certain event or venue. Read more


Chinese-owned Playtika mulls IPO, reports say. A failed merger plan with Shenzhen-listed Giant Network Group has caused Playtika to change course and seek an initial public offering in an undisclosed western stock exchange, Chinese media reported Tuesday. Read more


Beyond Meat’s burger is currently beyond reach in Israeli restaurants. Hungry vegans who rushed to their favorite burger joints in recent weeks were disappointed to find the popular dish has completely run out. Read more


License plates to help Tel Aviv track down E-Scooter delinquents. The city of Tel Aviv has taken its fight against rampant electric scooters up another notch to try and curb riders from riding on the sidewalk. Read more


The shekel continues to appreciate. Since the beginning of the year, Israel’s currency roseby 6.6% compared to the U.S. dollar. Read more


The Israeli government needs its own social media spokesmanship unit, says former Israeli military spokesman. Ronen Manelis who served as the Israeli military’s spokesman between 2017 and 2019, said social media is cheaper and more efficient than other means when addressing civilians. Read more


Israeli credit card startup CreditStacks raises $10 million. CreditStacks offers credit cards to U.S. customers that have no credit history. Read more


Customer engagement companies LivePerson, TTEC partner on customer service bots. LivePerson develops a cloud-based system allowing companies to directly interact with customers on various channels including websites, social media, and mobile platforms. Read more

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