CTech’s Tuesday Roundup of Israeli Tech News

U.S. to propose Jerusalem concessions to Israel as part of a new peace plan, report says. During his May visit to Israel, senior White House advisor and envoy to the Middle East Jared Kushner presented the Trump administration's new peace plan to Prime Minister Benjamin Netanyahu. According to a Friday report published in Israeli daily Yedioth Ahronoth, the plan includes the relinquishment of Arab neighborhoods in Jerusalem. Read more

Following Gaza fence events, Indonesia cancels visas issued to Israelis. Israel has no formal diplomatic relations with Indonesia, but the two countries maintain economic ties, and Israelis can visit the country using temporary tourist visas and business visas. Following last week’s decision to ban Israeli citizens from the country, a spokesman for the Israeli Ministry of Foreign Affairs said the ministry is attempting to reverse the decision. Read more

BP backs quick-charging battery startup StoreDot. The venture arm of multinational oil and gas company BP invested $20 million in Israel’s StoreDot, which develops fast-charging batteries for mobile phones, tablets, and laptops, as well as for electric vehicles. Read more

Mobileye’s self-driving car runs a red light in Jerusalem. The lapse was caused due to broadcasting equipment placed on the car’s roof which “disrupted the traffic light’s transmission,” according to Mobileye. Read more

Volkswagen opens Tel Aviv innovation campus to scout for new technologies. Called Konnect, the campus will offer mentoring and consulting services to local startups operating in the domain. Read more

Hebron resident indicted for multi-million bitcoin and credit card fraud. In a precedent, the Israeli State Attorney will ask to forfeit the defendant’s crypto wallet containing 1,071 Bitcoins, which he allegedly used to launder money he made through fraudulent activities. Read more

AI business loan company Lending Express raises $2.7 million. The Israeli startup uses artificial intelligence algorithms to match eligible businesses with relevant lenders, facilitating loans in less than 24 hours. Read more

Italian regulator approves Playtech’s acquisition of betting company Snaitech. Playtech will acquire a 70.6% stake in Snaitech for $1.05 billion and will later be required to make a mandatory takeover offer for the remainder of the shares. Read more