Latest Platform News

Read the latest platform economy news and important industry commentary from the editorial team at Platform Executive and our global content partners, including Thomson Reuters.

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...

Platform Industry News: Huawei Technologies CFO

Huawei CFO’s lawyer disputes what HSBC knew as extradition case resumes

Huawei CFO Meng Wanzhou’s US extradition hearing resumed in a Canadian court with defence countering prosecutors’ claims that Meng misled HSBC about the Chinese telecom...

Platform News: Twitter App

Russia accuses Twitter of breaking law by failing to delete content

Russia’s communications regulator has accused Twitter of violating Russian law, saying the social media platform had not complied with some of its requests to delete banned c...

Platform News: Apple logo on a retail store window

Apple’s 270 US-based stores open for first time since pandemic began

Apple has said all its 270 stores in the US have been opened for the first time in almost a year after it was forced to shutter several outlets because of the ongoing COVID-19 pand...

South Korea, Japan, Manga Publishing

South Korean tech firms shake up Japan’s storied manga industry

Two South Korean platforms are borrowing from mobile gaming to shake up – and dominate – Japan’s manga industry, a plot twist that has expanded the comics’ ...

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 Industry News: Facebook India

India tightens regulatory grip on Facebook and WhatsApp with new rules

India has announced new rules to regulate content on social media, making the likes of Facebook, WhatsApp and others more accountable to legal requests for removal of posts and sha...

Facebook and Google versus Australia

Facebook signs letter of intent with three Australian media firms

Facebook has said it had signed letters of intent with three Australian media firms, a day after the country’s Parliament passed a law forcing it to pay media companies for u...

Platform News: Twitter App

Twitter aims to double revenue by 2023, teases new ‘super follow’ feature

Twitter will launch new features and products faster to refresh its business after years of stagnation, the company has said, aiming to double its annual revenue in 2023.

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: Wix

Wix.com hits 200 million user milestone, says will continue to invest

Wix.com, which helps small businesses build and operate websites, has said it had reached 200 million users globally after adding by more than 31 million users in 2020.