Fintech News #366 - What Goes Up, Must Come Down

Issue #366 - What Goes Up, Must Come Down

2022-06-02

With these words Biz Carson starts her analysis of the current market and what this implies for fintech startups. The top story of this number of FinTech Weekly forces us to reflect on the global economic situation and how businesses are affected. Also the crypto space faces major issues, but investors are always looking for great opportunities – as you will discover by reading the stories we selected. Despite troubles, fintech is unstoppable, and continues dealing with major issues like climate change. Discover this and much more with FinTech Weekly and its newsletter, which allows you to discover the most relevant fintech news and conferences – for free.

Top Stories

Fintech startups are in serious trouble
Fintech startups are in serious trouble
via Protocol

Biz Carson analyzes the current market situation: fintech companies, after the peak reached in October 2021, are now shrinking in value – and this might make it harder for fintech startups to justify their high valuations.

Crypto

Undervalued Metaverse Project Mars4 Is Preparing for New Releases

Metaverse NFT

Undervalued Metaverse Project Mars4 Is Preparing for New Releases
via Bitcoinist

The metaverse project Mars4 might be one of those undervalued projects investors are constantly looking for to earn returns. Mars4, based on virtual land plots of Mars, have already planned new launches.

Tim Draper: Women will drive the next Bitcoin bull market

Bitcoin Cryptos Opinions Predictions

Tim Draper: Women will drive the next Bitcoin bull market
via CoinTelegraph

The popular investor Tim Draper makes predictions about the future of Bitcoin and the role of women. As more retailers accept Bitcoin, women will play a major role in the future of the crypto project – since they control retail spending.

Someone Stole Seth Green's Bored Ape, Which Was Supposed To Star In His New Show

NFT Regulation Security

Someone Stole Seth Green's Bored Ape, Which Was Supposed To Star In His New Show
via BuzzFeed

The popular actor and producer Seth Green is also an NFT collector. Unfortunately, 4 of his NFTs were stolen as the result of a phishing fraud – but one of these, a Bored Ape, should be the main character of the next show produced by Green.

Banking

Zopa Bank and Fintech TrueLayer Make Saving Seamless with Acct-to-Acct Payments

Banks Financial Instruments Payments

Zopa Bank and Fintech TrueLayer Make Saving Seamless with Acct-to-Acct Payments
via Crowdfund Insider

TrueLayer, the European open banking platform, and the digital bank Zopa are partnering to create new products: Zopa’s Smart Saver, launched in February, will now be improved by allowing users to make account-to-account payments.

Innovation

Spiros Margaris and CAT Financial Products launch fintech value investment solution

Investments

Spiros Margaris and CAT Financial Products launch fintech value investment solution
via The Paypers

CAT Financial Products – the Swiss financial services company – and Spiros Margaris – popular venture capitalist – are working together on a new project that will allow investors to discover new investment opportunities in the fintech space.

Podcasts and Videos

Terra Blockchain to Split, Abandon Collapsed UST Stablecoin

Blockchain Cryptos

Terra Blockchain to Split, Abandon Collapsed UST Stablecoin
via Bloomberg

Noelle Acheson (Genesis) and Emily Chang discuss the troubles faced by Terra and the split of the blockchain. How will this affect the crypto space and new regulations?

Fintech

Meta’s German Oculus Blockade Has Startups Facing Harsh Reality

Regulation

Meta’s German Oculus Blockade Has Startups Facing Harsh Reality
via Bloomberg

The battle between Meta and German regulators had a huge impact on developers and local startups. The popular product of the company, Oculus – a VR headset, was removed from the German market, and this is causing problems to all those who want to enter the billionaire VR market.

World's first green fintech taxonomy launched

Regulation

World's first green fintech taxonomy launched
via Finextra

The first green fintech classification is live: the new taxonomy was created by the Green Digital Finance Alliance and the Swiss Green Fintech Network.

Green fintech money app Tred busts crowdfund target in ten minutes

New business models Payments

Green fintech money app Tred busts crowdfund target in ten minutes
via Finextra

Tred, a UK fintech company, successfully reached – and exceeded – the goal of its crowdfunding campaign on Crowdcube. The company produces a green debit card able to track the carbon costs of users’ spendings.

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Fintech News Issue #365

Thursday, May 26, 2022

Sebastian Siemiatkowski, CEO and co-founder of the Buy Now, Pay Later firm Klarna, announced that the company plans to cut 10% of its global workforce See Online Issue #365 - What If Competition Rises?

Fintech News Issue #364

Thursday, May 19, 2022

Recent events in the crypto space. Even stablecoins were affected by the recent downturn in the market See Online Issue #364 - Did Terra Luna Disrupt The Queen's Plans? 2022-05-19 This number of

Fintech News Issue #363

Thursday, May 12, 2022

BNPL is becoming more popular, but are the new generations able to properly manage it? See Online Issue #363 - Is Debt Glamorous? 2022-05-12 This new number of FinTech Weekly starts with a question

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Thursday, May 5, 2022

New Warnings From The Crypto Space See Online Issue #362 - New Warnings From The Crypto Space 2022-05-05 FinTech Weekly explores the fintech space and gives you the most relevant info and news. This

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Thursday, April 28, 2022

Big Success For Blockchain Tech See Online Issue #361 - Big Success For Blockchain Tech 2022-04-28 FinTech Weekly gathers the most relevant news in the fintech space. This week, the acquisition of

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