The central banks are coming. Further to yesterday’s announcement of more preparatory moves for the Bank of England’s Britcoin, a central bank digital currency (CBDC), there’s more from China. The Chinese are far ahead in the CBDC area, and are actively trialling digital payment systems. Our friends at Crowdfund insider report: China is reportedly expanding […]
Welcome to a new week, with yet more news on the ever-changing Fintech sector. Although there’s a major announcement of investment in Fintech by Goldman Sachs, we think the most significant story of the day is the announcement on central bank digital currency (CBDC) from the Chancellor. Our friends at Finextra carry the detail: Chancellor […]
There’s a whole host of news about non-fungible tokens, the digital vehicles being used to promote what is effectively a new market in art, but we’ll reprise events there next week. Meanwhile, here’s news of an industry projection of the future of banking and alternative-financial services. Our friends at Crowdfundinsider report: Ten of the United […]
After yesterday’s thumping $100 billion market debut from crypto marketplace, Coinbase, today sees the arrival of a well-timed fund raise. Non-Fungible Tokens (NFTs) are the prime medium by which super-trendy digital art is sold. Our friends at UK TechNews report: NFT Investments, an investment company specialising in the non-fungible token (NFT), has raised $48 million (approx £35 […]
Today sees the launch of the Coinbase IPO on the New York Stock Exchange. This is a major step forward in bringing cryptoland right into the mainstream. We run a short excerpt from a current article by MarketWatch: Coinbase is the talk of Wall Street, as the largest crypto platform in the U.S. gears up […]
Act first, reflect later. That seems to have been the motto of the UK government during the pandemic. It’s a strategy that’s worked very well for vaccinations, but the attempts to throw money at the financial services sector appear to be just that, and little more. Our friends at AltFi report some (relatively) good news: […]
A new loan offering, a tranche of credit for regular borrower, WeBuyAnyHome.com, has landed on the Money&Co. website. The loan is rated A+ and will pay a fixed rate of 7% for a term of 36 months. It’s currently 16 per cent funded. WeBuyAnyHome.com is a leading home-buying company and one of few, cash-funded, home-buying companies in the […]
Digital bank Revolut is in the vanguard of bringing the alternative-finance sector into the mainstream. Its latest move takes it closer to becoming a one-stop-shop for all of its users’ financial needs. Our friends at AltFi carry the tale: The fintech, which is well on its way to becoming a financial ‘super app’, has added 11 […]
Today we bring news of success for early FinTech investors. Crowdfundinsider reprises the news: Six early investors in UK stock trading app Freetrade have seen their stakes in the firm surge to be valued at around £1 million after the business saw its valuation increase to over £265 million, according to a report in the Telegraph. The reported returns […]
The beginning of the new tax year sees Allfunds, a UK-based B2B WealthTech platform, list on the Euronext Amsterdam stock exchange. We’re not sure what the long-term effects of Brexit will be in financial services – and anyone who claims to have known in 2016 or even now is not to be believed. But the […]