News

Total Domain Registrations Close on 340 Million

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20th August 2018

The number of domain names registered around the world closed in on the 340 million mark at the end of the second quarter, 2018, according to Verisign’s latest Domain Name Industry Brief, as .net registrations continued to slide and new gTLDs rebounded. At the end of the quarter, there were 339.8 million registrations, an increase of approximately 6.0 million domain name registrations, or 1.8%, compared to the first quarter of 2018. Domain name registrations have grown by approximately 7.9 million, or 2.4%, year over year.

Regulatory Innovation Driving Better Financial Services For Consumers

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17th August 2018

Last week the Financial Conduct Authority (FCA), the principal regulator of the UK’s financial services sector announced a collaboration with 11 other global regulators and government entities called the Global Financial Innovation Network. Christopher Woolard, the FCA Executive Director of Strategy and Competition commented, “The creation of the Global Financial Innovation Network (GFIN) is an important next step for organisations like ours who are actively engaged in understanding and harnessing the benefits of innovation in financial services for consumers, while managing the potential harm.” So why is this an important development?

Elon Musk’s Money Run for the Future of Tesla Starts Now—Here’s How He’ll Try to Pull It Off

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16th August 2018

Last week, Elon Musk announced that he planned to privatize electric car company Tesla. The company’s CEO wrote on Twitter and, later in an official statement, that he had secured funding. Naturally, people had a lot of questions. Most notably: who was backing his bid? Is it Japanese conglomerate SoftBank, which held talks with Musk last year? (No.) Is it China? Perhaps not.

The Emergence of a Blockchain-Based Token Economy

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16th August 2018

“Blockchain Revolution,” published in May of 2016 by Don Tapscott and Alex Tapscott, was one of the first books that explained the promise of blockchain technologies to the general public. Its central argument is that for nearly four decades, the internet has been great for reducing the costs of searching, collaborating, and exchanging information. But it’s lacked the necessary trust, security and privacy safeguards to move assets of value. With blockchain, we’re now seeing the emergence of such an internet of value. “Now for the first time ever we have a native digital medium for value, through which we can manage, store, and transfer any asset.”

Traditional VCs are finally investing in cryptocurrency and blockchain startups

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15th August 2018

Recent data suggests traditional venture capital (VC) firms are gradually starting to diversify their portfolios, investing in more cryptocurrency and blockchain projects than ever before. Not surprisingly, VC firms specializing in funding blockchain projects top the list. But traditional VC firms are slowly starting to catch up, making cryptocurrency-based investments a larger portion of their portfolios.

World Bank picks Commonwealth Bank for world’s first blockchain bond

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14th August 2018

The World Bank has mandated Commonwealth Bank of Australia to arrange the world’s first blockchain bond. The Kangaroo bond, referring to foreign bonds issued in Australia in the local currency, has been named bond-i, an acronym standing for Blockchain Offered New Debt Instrument. (It’s also a reference to Bondi Beach, an iconic spot in Sydney.) According to the institution, the bond will be the first in the world to be created, allocated, transferred and managed with blockchain technology. The tech that underpins cryptocurrencies like bitcoin, refers to the distributed ledger technology that securely records all transactions made on the chain.

Making the business case for women’s sport sponsorship

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13th August 2018

2018 has been an exciting year for women’s sport. The SSE Women’s FA Cup Final in May between London rivals Chelsea and Arsenal attracted a record crowd of 45,423 to Wembley Stadium, 10,000 more fans than attended the final in 2017. With the Women’s Football World Cup in France on the horizon in June 2019, the allocation of 5,000 tickets for the qualification game between Wales and England on 31 August sold out in 24 hours. The Football Association says it is now on course to double the number of players and fans in the women’s game by 2020.

Regulatory bodies consult on creation of Global Financial Innovation

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10th August 2018

The UK’s Financial Conduct Authority has collaborated with 11 regulatory bodies from Europe, the Far East and the US on the creation of a Global Financial Innovation Network (GFIN), building on proposales earlier this year to create a cross-jurisidctional fintech sandbox. Having launched the world’s first domestic regulatory sandbox in 2016, the FCA in Feburary floated the possibility of a global version, enabling fintech firms to carry out tests in different countries at the same time and helping watchdogs to identify and solve common cross-border problems.

From brewers to bookies: How Premier League kit deals map the financial world

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9th August 2018

The opening weekend of the Premier League in August 1992 was a parochial affair. Only 13 footballers from outside the UK and Ireland played, and there were no foreign managers or owners at all.  Even the logos on the teams’ shirts had a homespun feel. A look back at images from that weekend reveals names such as the Norwich and Peterborough Building Society (who sponsored the Norfolk club) and Draper Tools, a family-run hand tools company near Southampton. One club, Wimbledon, did not even have a shirt sponsor.

Alibaba and Tencent have become China’s most formidable investors – Feeding frenzy

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9th August 2018

SENSETIME, the world’s most valuable artificial-intelligence startup, was not one to “bow and scrape for five pecks of rice”, said Tang Xiaoou, one of its co-founders, last September. Yet within two months the proud firm, which is worth $4.5bn, had buckled and taken investment from Alibaba, a Chinese e-commerce titan. For ambitious entrepreneurs, it was all of a piece with a bleak scene that Mr Tang had described: “Google and Facebook ahead of you; behind you, a gaggle of small companies thinking of copying you. And above you, three big mountains.”