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“#Payments app Klarna soars to eye-popping $45.6B valuation” Deferred payments app Klarna soared to a valuation of $45.6 billion in its latest fundraising round — buoyed by an investment from Japan’s SoftBank. The “buy-now-pay-later” firm, which raised $639 million Thursday, is now Europe’s most valuable privately-held financial technology company. Like competitors Afterpay and Affirm, Stockholm-based…
“# Polkadot ETP hits Swedish stock market ” The mainstream financial world has taken notable strides to incorporate various crypto assets. A new exchange-traded product (ETP) for Polkadot (DOT) recently surfaced on a mainstream exchange in Sweden. The Nordic Growth Market now hosts buying and selling for the DOT ETP, officially labeled as the “VALOUR…
“# Bitcoin’s rising popularity will lead to more regulation, says Riksbank ” Cryptocurrencies’ persistent growth and ever more mainstream adoption is keeping international monetary authorities on their toes. In fresh comments this week, Stefan Ingves, the Governor of Riksbank, Sweden’s central bank, said that digital assets’ rising popularity raises the stakes for regulators, central bankers…
“# Sweden moving forward in e-krona CBDC trials ” Sweden has made a number of strides toward its own central bank digital currency, or CBDC, called the e-krona. The Sveriges Riksbank, the country’s central bank, now looks to experiment with the asset using a non-simulated party. As reported by Reuters, Riksbank detailed on Friday via…
“# Swedish crypto broker’s IPO oversubscribed by 1,200% ” Safello, a Stockholm-based cryptocurrency brokerage, is seeing massive demand from investors for its upcoming initial public offering on the Nasdaq First North Growth Market. The company said Wednesday that its planned IPO was oversubscribed by 502 million Swedish krona ($59.3 million), up 1,240% from the planned…
“# Millions of Swedish savers have exposure to Bitcoin via state pension fund ” Almost 5 million Swedish savers have, largely without knowledge of it, indirect exposure to Bitcoin (BTC) via the default government alternative to private savings options on the country’s private pension market. According to local crypto site Trijo News, at least two…
“#Tusse — from child refugee to Sweden’s Eurovision Song Contest” STOCKHOLM – For Tusse, Sweden’s 2021 Eurovision Song Contest contender, it felt like entering a new world coming to the Nordic country at the age of eight from a Ugandan refugee camp. The 19-year-old Tusse, short for Tousin Chiza, will represent Sweden in the Eurovision…
“# Sweden’s central bank completes first phase of digital currency pilot ” After completing the first phase of its digital currency pilot project, Sveriges Riksbank has found some critical issues that must be addressed before Stockholmers can buy coffee and kanelbullar with e-krona. In a recent study, Sweden’s central bank presented the first results of its central bank…
“#CEO of luxury mattress maker Hästens subjected staff to ‘mind control’: suit” A Swedish mattress maker to the stars is led by a kooky CEO who hires employees based on their “vibrations” and subjects underlings to obscene training videos, a new lawsuit alleges. Chief executive Jan Ryde has effectively turned his bizarre beliefs into company…
“#Fashion giant H&M pauses placing new orders in Myanmar” STOCKHOLM – Sweden’s H&M, the world’s second-biggest fashion retailer, said on Monday it was shocked by the use of deadly force against protesters in Myanmar and that it had paused placing orders in the country. Police and military have killed more than 50 people to quell…