Here’s a first take on the fast-growing central bank digital currency market, as the mainstream tries to compete with and subsume cryptocurrencies within the established system. Baroness Susan Kramer, former LibDem Treasury spokesperson, notes the growth of CBDCs and argues that “there’s a gathering momentum behind fiat digital currencies. China is among the leading countries […]
LendingClub, once known as the highest-profile peer-to-peer (P2P) lender in the United States, has a story to tell that speaks of the fortunes of many in the P2P sector. Lending Club started life as a P2P outfit, and famously floated in December 2014 at a valuation that many (including members of Money&Co.’s staff) thought rather […]
The march of the cryptocurrencies, monitored and reported regularly in this News section, is relentless. Our Friends at Finextra report the latest: Zodia Custody, a digital asset joint venture operation between Standard Chartered and Northern Trust, has received regulatory approval from the Financial Conduct Authority and is now providing commercial services to clients as a […]
As regular visitors to our News section will be aware, central bank digital currencies (CBDCs) are a coming thing. Cynics would say CBDCs are merely a way of distracting consumers from investing in true cryptocurrencies. CBDCs are digital, but not crypto – since they are controlled by central banks. However, they are soon to be […]
Looking at the digital economy and what is still referred to (though surely not for much longer) as alternative finance, it seems that a clear way forward is emerging. It will have emerged when alternative finance is no longer seen as alternative, but simply a variation of the mainstream. Our friends at Altfi run a […]
Savers have had a miserable few years. We have characterised this period of very low yields on deposit accounts as the Great Savings Robbery. Little is changing in this respect, as our friends at Altfi report: Digital banking service Revolut today announced it’s introducing interest rates on savings vaults for its non-fee paying customers. The fintech is […]
Is there gold in the digital hills? Some of the smartest (some might say “most avaricious”) minds aroundk seem to think so. Our friends at Altfi report on the rush to invest in the FinTech sector: Two of the UK’s most prolific venture capital firms, Index Ventures and Dawn Capital, both announced funding rounds yesterday as they […]
The UK government has, quite rightly, been throwing money at the UK economy and its financial sector to ameliorate the drastic effects of the Covid-19 pandemic. Our friends at Finextra report on the latest twist in this particular monetary tale: Starling Bank, Virgin Money and TSB are to be the beneficiaries of a £29.6 million […]
As a follow-up to yesterday’s story of high-profile departures in the world of cryptocurrencies, we note another comment from a member of the legendary Kroll agency, run by our friends at The Fintech Times. Over time, and certainly in the past year, with good reason, cryptocurrency has changed by association from being a salacious method […]
There’s news of two departures for two different reasons in the cryptocurrency sector. One of the high-profile figures leaving is a co-founder of Dogecoin – founded as a joke and subsequently ramped high by Elon Musk (Why? Perhaps simplybecause, with his millions of social-media followers, he could…). The shock waves of the abrupt resignations are […]