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Cryptocurrency

Iran had a massive crackdown on Bitcoin mining, seizing 45,000 machines, after the country was hit by blackouts

- January 19, 2021 < 1 MIN READ

Iranian police confiscated more 45,000 bitcoin mining machines, chewing up around 95 megawatts per hour (MWh) of electricity, because the miners were using cheaper, subsidised power illegally, according to local media agency Tasnim News. To put that in perspective, that’s around half the capacity of South Australia’s Tesla “big battery” plant (aka Hornsdale). Iranian authorities… Read more »

Fintech

Zip raised an extra $26.7 million from its eager shareholders

- January 18, 2021 < 1 MIN READ

Buy-now-pay-later fintech Zip has nearly doubled the amount it raised in its Share Purchase Plan (SPP), issuing more than 10 million new shares worth $56,739,524. Zip (ASX:Z1P) set out to raise $30 million through the SPP, but also accepted an extra $26,739,524.95 in oversubscriptions from eligible shareholders, who could subscribe for up to $30,000 worth… Read more »

Ecommerce
News & Analysis

6 eCommerce trends you need to know about for 2021

- January 18, 2021 3 MIN READ

Statista expects more than 2 billion people worldwide to buy products online in 2021. By 2023 almost a quarter (22%) of all retail sales will be online. So, what does this mean for small business owners? Consumer confidence in eCommerce surges Fuelled by the pandemic, the push to online sales was unrelenting in 2020. Lockdowns… Read more »

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Business strategy
Business strategy

If the tech industry truly wants to succeed, then it need to be more humble and generous

- January 11, 2021 4 MIN READ

  The ecosystem of technology companies and startups stands out for its intense competition, rapid scaling, and an often cut-throat, growth-at-all costs environment. It is an industry that did relatively well over the pandemic, while many others faced existential threats under the cloud of a global recession. The imposition of remote work and the rapid… Read more »

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