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fintech
The electricity consumption of bitcoin mining is around 121.36 TWh annually – greater than Argentina's – according to research from Cambridge University. The value of bitcoin has been hitting record highs, bolstered by news Elon Musk’s Tesla has invested in the cryptocurrency. These price rises have encouraged bitcoin miners to ramp up mining – driving increased energy consumption. (BBC News)
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22.02.2021
Every week, Maddyness curates articles from other outlets on a topic that is driving the headlines. This Monday, we look into news surrounding bitcoin – which recently hit the $50,000 per coin European trading landmark.
22.02.2021
For the UK’s 4.5M renters, the largest rental barrier is the upfront deposit. Almost £5B is locked in deposit protection schemes, preventing renters from moving.
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Kirstie Pickering
19.02.2021
If you’re reading this on the day of publication, it’s exactly a decade since Crowdcube, the UK crowdfunding platform, launched. Since then, it has accrued over 1M members and has helped businesses raise a total of more than £1B. Not bad, right?
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15.02.2021
The fintech has just raised £2M in seed funding, led by Fuel Ventures, and wants to continue making investment in companies like Tesla, Amazon and Netflix accessible for all those who want to save up and play a part in innovation.
08.02.2021
Would incentivised saving encourage you to stash more money away for a rainy day? With UK households performing poorly when it comes to saving money, a new app launched in the UK hopes to turn this around.
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Kirstie Pickering
05.02.2021
The cryptocurrency world can feel difficult to grasp. However, if you bottle it into a collection of securities that can be traded like stock on exchanges, you have a solution that investors are already accustomed to.
03.02.2021
Every week, Maddyness curates articles from other outlets on a topic that is driving the headlines. This week, we look at the developing situation involving r/WallStreetBets, GameStop, hedge funds, regulators, and a lot of other people.
01.02.2021
First came pioneering PayPal, but innovation in the payments sector has never stood still and today many fintechs compete with and win market share from traditional financial institutions in this area.
19.01.2021
Connected Payments solutions provider Checkout.com has closed a $450M Series C fundraising round, giving the business a post-money valuation of $15B. This makes it the fourth largest fintech globally and EMEA’s most valuable venture-backed business.
13.01.2021
With plans to launch in the US and further its European reach in 2021, banking platform Curve has secured $95M from a group of international investors as part of a successful Series C round.
12.01.2021
The ongoing cascade of Covid-originating disruption has in some ways been a blessing in disguise for the UK’s fintech sector. The forced abandonment of traditional ways of doing business around the world has underlined the growing relevance of the sector in general, and several UK startups have risen to prominence thanks to the fleet-footed and self-assured way they have grasped the opportunities that disruption always brings.
10.12.2020
The fintech ‘revolution’ has sometimes seemed to promise more than it could realistically be expected to deliver. In part this could be claimed to be inevitable, given the vast expectations placed onto the sector right from its very inception.
04.11.2020
As coronavirus drives accelerated adoption of fintech products and services, London’s fintech sector has attracted $3.6B in VC investment between January and September 2020. This puts London in second place globally, behind San Francisco with $5.1B and ahead of New York’s $2.2B.
16.10.2020
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