The world’s biggest technology companies have attacked tougher than expected measures that have been unveiled within a landmark EU law aimed at reining in their market power. Big Tech companies such as Facebook and Amazon will be forced to pay up to 20 per cent of global revenues for repeat offences and even risk being…
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This week our experts brought you the following insights based on their experience as investors, entrepreneurs & executives. Monday Ilias Hatzis our Greece-based crypto entrepreneur (Founder & CEO at Kryptonio a “keyless” non-custodial bitcoin and cryptocurrency wallet, that lets users manage bitcoin and crypto, without private keys or passwords and Weekly Columnist at Daily Fintech) @iliashatzis…
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Alt Finance: Sex for loans. Not really Fintech is it? The UK’s Centre for Social Justice a centre-right think tank has published a paper suggesting that approximately 2.4% of the population or 1.08 million people had admitted to borrowing money from “ someone locally who charged interest” outside of the regulated finance sector and nearly…
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Jack Lu received eight proposals to make the first major investment in Magic Eden, his cryptocurrency start-up, but only one of them asked for a provision that is usually standard in similar tech deals: a seat on the company’s board. By the end of the process this month, the cryptocurrency investment firm Paradigm had reached…
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Google’s decision to allow Spotify to use its own in-app payment system looks at first glance like an admission that the days of restrictive mobile app store domination and controversial high fees are coming to an end. But app developers should not get overly excited. Companies like Epic Games and Match have long complained about…
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A month into the Kremlin’s war, Ukrainian officials have taken solace that critical networks have withstood weeks of cyber assaults. Our cyber security correspondent Mehul Srivastava interviewed several Ukrainian and western officials with direct knowledge of recent cyber attacks by Russian-affiliated groups, to provide a picture of the escalating digital assaults taking place and how…
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Uber will list New York City taxis on its ride-hailing app in a deal that promises to end years of rancour between the tech company and drivers of the iconic yellow cabs in the biggest US city. Under the agreement, taxi drivers who use Creative Mobile Technologies’ system to process customer payments will be featured…
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After fighting City Hall, Uber is ready to join forces. On Thursday, the ride-hailing app and the New York City Taxi and Limousine Commission announced that taxi cab drivers can soon be called through the Uber app. New York through the 2010s had tried to slow the onslaught from Uber, Lyft and the like. Those…
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Old is the new new when it comes to fashion. Whether driven by environmental concerns or an aversion to paying full retail price, the market for second-hand clothes is booming. The pandemic has further powered the trend. Wardrobe clear-outs — Marie Kondo-style — have fuelled sales, while extended periods of shop closures have spurred demand.…
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Are we living in a period of technology exhaustion, where there are too few big breakthroughs and competition is being fought out through small incremental improvements to old ideas? Or are we on the brink of accelerating change, where technical advances on a number of fronts are about to unleash giant new digital markets? That…
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