FinTech

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: 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: FinTech trading app Robinhood

Robinhood app downloads rise despite trading restrictions

The Robinhood app was downloaded more than any other US trading app last week, despite concerns that its restrictions on transactions involving some heavily shorted stocks such as ...

Platform News: Bitcoin cryptocurrency

Elon Musk says bitcoin is ‘on the verge’ of being widely accepted

Elon Musk has commented that bitcoin was “on the verge” of being more widely accepted among investors as he expressed his support for the digital currency in a chat on ...

Digital Currencies

India proposes law to ban cryptocurrencies, create official digital currency

India plans to introduce a law to ban existing cryptocurrencies such as bitcoin and create a framework for an official digital currency to be issued by the Reserve Bank, according ...

Platform Industry: Bitcoin and digital currencies

Coinshares: Bitcoin and crypto inflows hit a record last week

Investment flows into cryptocurrency funds and products hit a record $1.31 billion final week following a couple of weeks of little outflows, as investors took advantage of this de...

Platform News: Wall Street in New York

Significant tech IPO’s we’re expecting in 2021

Yes, 2020 was a blockbuster year for initial public offerings (IPO) across the global platform economy, with the likes of Snowflake and DoorDash, amongst a myriad of others debutin...

Grab

Grab raises $300 million for FinTech arm’s ambitious expansion

Southeast Asian ride-hailing and food delivery giant Grab has raised over $300 million from investors headed by South Korea’s Hanwha Asset Management for its rapidly-expandin...

Platform News: Reserve Bank of India RBI

India’s reserve bank creates a panel to investigate digital lending practices

The Reserve Bank of India has said it had formed a working group to look into digital lending practices, after reports of policy offenses and debtor harassment by several digital l...