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Welcome to another episode of our Daily Fintech Podcast.
This podcast episode is sponsored by YieldX. YieldX is transforming income investing to bring its benefits to all investors. With YieldX, the outcome is income.
THE NEWS HIGHLIGHT OF THE DAY IS
The COVID e-commerce bubble has officially burst, based on Q1 performance data coming into the market this month. Shopify, Etsy, and many other e-commerce specialists reported a significant slow-down in YOY growth in Q1.
JUST IN:
Wingocard, a mobile banking app designed to connect teens to the mobile, cashless economy and strengthen financial literacy skills, is set to close its doors on 18 May.
ALSO:
Ahead of its imminent launch in the US, London-based fintech Zilch has joined the Financial Technology Association (FTA) in order to prioritise innovation through responsible products and services.
FURTHERMORE,
Block missed earnings and revenue expectations driven in part by a drop in bitcoin revenue amid a general downdraft in the cryptocurrency market. Shares were up 5% after hours, with the regular session down 10.5% during a broader market meltdown on Wall Street.
WHAT ABOUT CRYPTO?
Consumer research from Coinbase and Qualtrics has found that a third of UK consumers have previously purchased or still own cryptocurrency.
Argentina’s central bank dealt cryptocurrencies a blow Thursday, prohibiting financial institutions in the South American country from offering clients any operations involving unregulated digital assets.
Coinbase and Brazilian company 2TM, the parent company of Mercado Bitcoin, have reportedly scrapped talks around the crypto exchange purchasing the firm.
Gavin Newsom, California state governor, has signed an executive order which aims to create a transparent regulatory and business environment for Web 3.0 companies that harmonizes federal and California state approaches.
Has the market for rudimentary pixelated cartoon heads already peaked?  CRYPTOPUNK #273 might not tell us definitively, but the recent massive loss from its sale is a useful data point in the broader picture.