Financial Platform News

News and analysis coverage of financial platforms, ranging from payment processing and credit through to retail banking and investment services.

Platform News: Twitter and Square CEO Jack Dorsey

Dorsey to convert proceeds from auction of the first ever tweet to bitcoin

Twitter’s Chief Executive Jack Dorsey has said he will convert proceeds from the digital auction of the first ever tweet on the platform to bitcoin for charity.

Platform News: Bitcoin and the rise of cryptocurrencies

Rush to crypto? Not so fast, say keepers of the corporate coffers

When Tesla became the biggest name to reveal it had added bitcoin to its coffers last month, many pundits were swift to call a corporate rush towards the booming cryptocurrency.

Platform Industry: Bitcoin and digital currencies

Explainer: Bitcoin on your company balance sheet?

Large companies from carmaker Tesla to business intelligence firm MicroStrategy have swapped billions of dollars in cash for bitcoin in recent months.

Goldman Sachs

Goldman Sachs restarts cryptocurrency desk amid bitcoin boom

Goldman Sachs has restarted its cryptocurrency trading desk and will begin dealing bitcoin futures and non-deliverable forwards for clients from next week, a person familiar with t...

Platform Industry: Bitcoin and digital currencies

Bitcoin is at ‘tipping point,’ Citi says as price rises

Bitcoin rose nearly 7%  as risk assets rallied after last week’s bond rout cooled, with Citi saying the most popular cryptocurrency was at a “tipping point” and c...

UK

Brexit Britain to offer fast-track visas to bolster FinTechs

The UK government has said it would offer a fast-track visa scheme for jobs at high-growth companies after a government-backed review warned that financial technology firms will st...

Platform News: Bitcoin cryptocurrency

Bitcoin extends retreat from record high to hit lowest in 20 days

Bitcoin dropped 6.39% to $43,165.78 on Sunday, losing $2,944.20 from its previous close.

Platform News: A visualisation of Bitcoin, digital currency and cryptocurrency

Coinbase listing filing shows surge in revenue amid bitcoin boom

Coinbase, the biggest US cryptocurrency exchange, moved a step closer to listing on the Nasdaq with a filing to go public, revealing that it had swung into profit last year as bitc...

Platform News: FinTech trading app Robinhood

Robinhood added 6 million crypto users in last two months

Controversial online brokerage Robinhood has said it has garnered 6 million new users for its cryptocurrency services in the first two months of 2021 amid higher retail trading vol...

Platform News: the Tech Titans

BofA: Big tech-led equity inflows fuelling ‘mother-of-all asset bubbles’

A record rush to ‘big tech’ stocks saw equity funds bagging $27.8 billion inflows last week with the ongoing ultra-easy monetary policy creating the “mother-of-al...

Platform News: GameStop

GameStop frenzy sparks fresh investment in stock-trading apps

The recent trading frenzy centred on GameStop and other “meme” stocks is sparking a wave of investor interest in start-ups aiming to mimic the success of Robinhood, whose no-fee br...

Platform Economy: Goldman Sachs investment app, Marcus is launched

Goldman Sachs unveils Marcus Invest robo-adviser in consumer push

Goldman Sachs is launching an automated wealth-management platform to invest customer funds across managed portfolios made up of exchange trade funds for stocks and bonds, the lead...

Platform News: A visualisation of Bitcoin, digital currency and cryptocurrency

Boom: with more mainstream acceptance Bitcoin tops $50,000

Bitcoin headed above $50,000 for the first time ever today, adding steam to a rally fuelled by signs that the world’s most notable crypto is gaining acceptance among mainstre...

Platform Industry: Bitcoin and digital currencies

MicroStrategy to borrow $600 million to buy more bitcoin

Major bitcoin corporate backer MicroStrategy will borrow $600 million to buy more of the currency, it said on Tuesday, as the cryptocurrency surged past $50,000 in a rally fuelled ...