How two Irish brothers started a £70bn company you’ve probably never heard of | Opinion

The most valuable private company in Silicon Valley is an outfit most people have never heard of – unless they are a) Irish or b) tech investors. It’s called Stripe, and this week the latest round of investments in it have given it a valuation of $95bn (£68.5bn). It was Continue Reading

Silicon Valley’s Stripe valued at $95bn after fundraising | Technology

The digital payments firm Stripe has been valued at $95bn after a funding round that makes the company the most valuable private business to come out of Silicon Valley. The company, which is dual-headquartered in San Francisco and Dublin, raised $600m (£430m) from investors including Ireland’s Tempemail Treasury Management Agency, Continue Reading

What is cryptoart, how much does it cost and can you hang it on your wall? | Culture

Pat, I keep hearing references to cryptoart which are all very … cryptic. What is this thing? Hey Lucy! So you might have heard of it in context of the $US600,000 Nyan Cat gif or the more recent Kings of Leon NFT Album, both of which are examples of cryptoart. Continue Reading

Is big tech now just too big to stomach? | Business

The coronavirus pandemic has wrought economic disruption on a global scale, but one sector has marched on throughout the chaos: big tech. Further evidence of the industry’s relentless progress has come in recent weeks with the news that Apple and Amazon both raked in sales of $100bn (£72bn) over the Continue Reading

What will Amazon founder Jeff Bezos do next? | Technology

A quarter of a century after he founded Amazon in a Seattle garage, Jeff Bezos announced this week that he is preparing to loosen his grip on the $1.7tn (£1.2tn) company. The billionaire – who until he was recently overtaken by Tesla’s Elon Musk was the world’s richest person – Continue Reading

What is bitcoin and why are so many people looking to buy it? | Richard Partington | Technology

What is bitcoin? Bitcoin is a type of digital currency that emerged after the 2008 financial crisis. It allows people to bypass banks and traditional payment methods. It has become the most prominent among thousands of so-called cryptocurrencies. It relies on “blockchain” technology, which is a shared database of transactions, Continue Reading

Bitcoin: be prepared to lose all your money, FCA warns consumers | Business

Consumers should be prepared to “lose all their money” if they invest in products that promise high returns from cryptoassets such as bitcoin, the City watchdog has warned. The Financial Conduct Authority urged consumers to understand what they were investing in and the financial risks involved, given they were unlikely Continue Reading

Bitcoin boom threatens to turn it into pure gold | Technology

Bitcoin is back, along with the debate over its value. The price of the digital currency is soaring and last week it hit more than $40,000 for the first time, having doubled in less than a month. Its price has jumped by more than 700% since the pandemic was first Continue Reading

Bitcoin hits record high on 12th anniversary of its creation | Technology

Bitcoin has surged to a record high amid rising interest from investors and claims that the volatile cryptocurrency is on the way to becoming a mainstream payment method. Having quadrupled in value during 2020, bitcoin began 2021 strongly by breaking through the $30,000 (£22,000) mark for the first time, less Continue Reading

Tech giants may face billions of pounds in fines from new UK watchdog | Business- Tempemail

The UK’s new tech regulator should have the power to fine Google, Facebook and other tech giants billions of pounds if they fail to stick to a new code of conduct, according to the competition regulator. The Competition and Markets Authority (CMA), which will host the new dedicated Digital Markets Continue Reading