Bitcoin surges past $11,000 for first time since 2018 June 23, 2019 Bitcoin jumped past the $11,000 (£8,640) barrier over the weekend for the first time since January 2018. The cryptocurrency passed $10,000 on Saturday for the time since March 2018 before surging to a high of $11,121, according to data from Coindesk. Late last night it was trading just above $11,000. Last night’s price puts the [...]
Slack surges on public debut at $25bn valuation June 21, 2019 Shares of workplace messaging app Slack soared in its first session as a publicly-traded company today, rising nearly 60 per cent to value the firm above $25bn (£19.7bn). The tech firm had used a direct listing model to go public on Wall Street, opting to not raise any additional capital after several large funding rounds [...]
Workplace messaging app Slack prepares to make stock exchange debut June 20, 2019 Workplace messaging platform Slack will go public later today in a move that could value the firm at $16bn. The tech company is preparing to launch a direct listing on the New York Stock Exchange, an alternative to an initial public offering (IPO) which will see shares of the company’s private investors become available for [...]
Facebook cryptocurrency libra could pose regulatory problems, Bank of England deputy governor warns June 20, 2019 Facebook’s plans to launch a new global cryptocurrency called Libra could raise regulatory issues, Bank of England deputy governor Sam Woods warned. “It does seem clear that something like this could be very important from a regulatory point of view,” Woods told a financial conference in Brussels. Read more: Is Facebook’s libra a step towards [...]
Xperia 1 review: Sony’s new flagship is a tower of power June 19, 2019 Look at this incredibly tall lad. Sony’s new flagship, the Xperia 1 is a monolith, a towering glass slab that looks just as likely to trigger the next stage of human evolution as it is to book you an Uber. Take this thing outside and you’d need to let air traffic control know ahead of [...]
City travel startup Duffel bags $21.5m round from Benchmark June 19, 2019 Travel booking software startup Duffel today closed a $21.5m (£17.1m) in a series A funding round led by Snap and Uber-backer Benchmark. Blossom Capital also participated, as well as existing investor Index Ventures. The startup has raised $26.2m to date. “The travel industry is underpinned by archaic software and processes that are fundamentally prohibitive for [...]
Facebook confirms launch of own cryptocurrency June 19, 2019 By Gary McFarlane from interactive investor. The social media giant announces its own cryptocurrency, called ‘Libra’ that aims to be ‘global money’. Facebook (NASDAQ:FB) has announced Libra coin, a cryptocurrency that aims to be global money and is set to launch in early 2020. A new app is joining the Facebook family called Calibra (https://calibra.com/), which will act as [...]
Facebook launches cryptocurrency with backing of Uber, Visa and Spotify June 18, 2019 Facebook has today published the white paper for its widely anticipated cryptocurrency initiative, with the founding support of several major businesses across multiple sectors. Named libra after the Roman unit of measure once used to mint coins, the cryptocurrency will be managed by an independent eponymous association consisting of 28 initial founding companies. Alongside Facebook [...]
The high five: your guide to the most valuable start-ups June 13, 2019 It was the year of America’s 200th birthday, of a scorching heat wave in the UK followed by a huge sterling crisis, and it was the year that the only unelected president in US history, Gerald Ford, went down at the polls to the former Governor of Georgia, Jimmy Carter. Less remarked at the time [...]
Amazon overtakes Apple and Google as world’s most valuable brand June 11, 2019 Amazon has surged past tech rivals Apple and Google to be crowned the world’s most valuable brand. The e-commerce giant jumped in brand value by 52 per cent over the last year to reach $315.5bn (£405.9bn), according to the latest figures from WPP and Kantar. Read more: Amazon to deliver packages by drone ‘within months’ [...]