In 2011 bitcoin cost $1 and hardly anyone talked about it. Fast forward a decade and there are now over 18,000 cryptocurrencies, and the rise and fall of bitcoin prices have been responsible for the creation and demise of many multi-millionaires. Blockchain.com was one of the first companies on the forefront of digital assets, and is now considering a public offering. It’s Tuesday (April 19) and here’s what should be on your radar this morning.
Crypto pioneer: Blockchain.com was launched in 2011 at a time when bitcoin, cryptocurrency, and blockchain were only spoken words in pioneering tech circles. London-based Blockchain.com was an early pioneer and developed a central infrastructure for the bitcoin community. Today, with 37 million verified users worldwide and over $1 trillion in transactions, the company polls banks to make them public. READ MORE
27% connected: It seems like everyone is connected to the internet all the time and there is hardly any manual process left. But digital engagement around the world has only reached 27% of its full potential. While 87% of the consumers studied are connected to the internet, only 19% are highly engaged in digital activities. The report Global Digital Transformation Benchmarking, The ConnectedEconomy™ Index Q1 2022created in collaboration with Stripe, offers an exclusive and in-depth analysis of the trends that are fueling digital transformation around the world. READ MORE
Monetary mobility: Of all the ways digital has changed the way daily life is run, money and payments are among the biggest game changers. When it comes to digital account opening, 62% said they were comfortable shopping online to open checking and savings accounts. In the last Mobile Mobility Tracker®PYMNTS takes an in-depth look at why FinTechs and neobanks need to be experts at balancing regulatory hurdles and financial partners to maximize their own digital capabilities. READ MORE
Shifting Antitrust Winds: Antitrust laws and the agencies that oversee and enforce these mandates are changing. Not only are new laws being enacted to promote competition in several industries, but new antitrust officers have been dispatched to many federal agencies. In an interview with PYMNTS, Jon Roellke, a partner at Morgan Lewis, said it was the most significant antitrust moment in his 35-year career. READ MORE
Shock Sticker: Inflation is at its highest level since 1982, and there is no sign that the runaway prices will subside any time soon. Anuj Nayar, financial health manager at LendingClub, told PYMNTS that the sticker shock affects everyone, regardless of income, and for people who live paycheck to paycheck, the shock is particularly hard. READ MORE