Bitpanda triples valuation to $4.1bn in latest funding round August 17, 2021 Austria’s first tech unicorn has more than tripled in value to $4.1bn in a matter of months. Bitpanda, a crypto trading platform, raised $263m at a valuation of $4.1bn in a series C investment round led by Valar Ventures. British hedge fund manager Alan Howard, UK based Venture Capital firm LeadBlock Partners and Jump Capital [...]
New Tricks: Video streaming sites are trending among over-65s August 17, 2021 The pandemic has encouraged 65 to 75 year olds to start using video streaming sites such as Netflix and Amazon Prime. Almost three fifths of consumers in this age bracket, some 57 per cent, have access to a video streaming service as of 2021. The figure marks an increase of 19 percentage points compared to [...]
Binance US appoints interim leadership after CEO’s abrupt exit August 17, 2021 Binance US, the American division of the world’s largest crypto exchange, has given a longstanding employee the top job after the former CEO’s abrupt exit. Earlier this month, Brian Brooks resigned from his role as CEO after just three and a half months. In a tweet Brooks, who was formerly the Chief Legal Officer for [...]
Space Race: Jeff Bezos sues Nasa over Elon Musk deal August 17, 2021 The space race is heating up as Jeff Bezos’ firm Blue Origin sues Nasa over its decision to award a lunar lander contract to Elon Musk’s SpaceX. Bezos has filed a lawsuit in federal court which challenges NASA’s decision to award a $2.9bn (£2.1bn) contract to SpaceX which will see the company build a spacecraft [...]
Walmart seeks digital currency and crypto product lead August 16, 2021 US retail giant Walmart is searching for a digital currency and cryptocurrency product lead to help the company make inroads into the crypto space. According to an advert posted on the company’s career page, the retailer is looking for a fresh hire who can “own and drive the Digital Currency strategy for Walmart” and develop [...]
Watford FC to feature Doge on football shirts August 16, 2021 Watford’s shirt sleeve sponsor for the upcoming 2021-22 season will be the meme-based cryptocurrency Dogecoin. According to an insider at Watford FC, the deal is worth upwards of £700,000 and will exceed the £1m sponsorship deal which the Premier League club inked with its previous sleeve partners Bitcoin if the bonus conditions are met. Dogecoin [...]
Government to invest £232m in 2024 Olympic and Paralympic athletes August 16, 2021 The government has announced it will provide £232m to support Olympic and Paralympic athletes ahead of the Paris Games in 2024. The elite sporting agency UK Sport will be given £77.4m per year, a rise of 44 per cent compared to funding provided ahead of the Tokyo Games. The money will be used to fund [...]
Psychedelic medicines start up raises £58m August 16, 2021 An Oxford based company which uses psychedelic medicines to treat neurological disorders has completed an oversubscribed £58m funding round. Beckley Psytech today announced that their Series B financing round had to be upsized from $50m (£36m) to $80m on account of investor demand. The funding will be used to complete an ongoing trial which uses [...]
Defence Secretary admits “some people won’t get back” from Afghanistan August 16, 2021 Defence Secretary Ben Wallace admits “some people won’t get back” from Afghanistan as five are shot dead at Kabul airport. Over the weekend 600 UK troops arrived in Afghanistan in a bid to support the extraction of some 4,000 British citizens and eligible Afghans from the country. Their arrival came not a moment too soon [...]
Amazon launches own-brand groceries on its UK website August 16, 2021 Amazon has added own-brand groceries to its UK website as it amps up competition with Britain’s supermarkets. Never one to miss out on a lucrative business opportunity, the company capitalised on lockdown restrictions during the Covid-19 pandemic by expanding its online groceries service. Amazon Fresh expanded its next-day delivery service to customers across the UK [...]
