A new financial technology, or “fintech,” survey from Blumberg Capital, an early-stage venture capital firm in San Francisco, found big banks can leverage existing customer loyalty to introduce new technologies…
Money
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In another sign of an impending burst of the bubble economy, the International Monetary Fund (IMF) has warned of an increasing amount of financial leverage outside the banking system. Total…
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Toronto-based Royal Bank of Canada is reportedly tinkering around with distributed ledger technology (DLT) to see if it can facilitate cross-border payment transfers with its branches in the United States.…
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US bank regulators such as the Office of the Comptroller of the Currency are open to considering whether cryptocurrency-oriented financial technology companies – fintechs – should be permitted into the…
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After JPMorgan CEO Jamie Dimon came out swinging against Bitcoin, calling it a “fraud” for not being backed by a legal tender, several Bitcoin investors refuted him. Perhaps one of…
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Money
Governments Will Shut Down Bitcoin and Other Cryptocurrencies, Warns Jamie Dimon
by Alex McGeeby Alex McGeeJamie Dimon, the CEO of JPMorgan, has been extremely critical of Bitcoin and other cryptocurrencies. In early September he called Bitcoin a “fraud,” and stated that JPMorgan would fire any…
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You’re looking over your credit card statement and you see hundreds of dollars of charges that don’t look familiar at all. If that’s ever happened to you, you may be…
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Most Americans are in poor financial shape. In fact, 44% of American adults say that they could not pay for an unexpected $400 expense, or would have to resort to…
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Saving money is an important thing to do. Aside from just having money set aside for a rainy day or unexpected expenses, a pattern of saving over the course of…
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The cryptocurrency market has been roiled ever since the Chinese government cracked down on cryptocurrency trading in early September, citing concern over potential investment risk. First, it banned the launching…