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Brokers’ Cryptocurrency Deals Are Focus of SEC Review

Wall Street’s main regulator is boosting its scrutiny of brokerages that deal in cryptocurrencies, according to two people familiar with the matter, the latest sign that authorities want to know more about a burgeoning market that they fear might be full of misconduct.

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Blockchain, Once Seen as a Corporate Cure-All, Suffers Slowdown

Corporate America’s love affair with all things blockchain may be cooling. A number of software projects based on the distributed ledger technology will be wound down this year, according to Forrester Research Inc. And some companies pushing ahead with pilot tests are scaling back their ambitions and timelines.

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Silicon Valley’s Invasion of Banking Just Got Key U.S. Go-Ahead

The Office of the Comptroller of the Currency invited fintech companies on Tuesday to apply for special national charters, hours after the Treasury Department released a report advocating that step and others to spur innovation. The OCC’s move — potentially letting online lenders, payments firms and certain cryptocurrency ventures operate without relying on a bank — has […]

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Nasdaq Holds Closed Door Event to Discuss Policing Cryptocurrency

The road to shaking its history of shady transactions and fraud is proving long for cryptocurrencies, but Nasdaq Inc. thinks it can help get the industry on the path to legitimacy.

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Funding for U.S. Fintech Startups Rose 40 Percent Last Quarter

A big initial public offering and strong signs of growth in the financial technology industry are giving startups in the sector a funding boost.Venture backed U.S. fintech companies received about 40 percent more funding in the second quarter of this year than the previous one, according to a report released Wednesday by CB Insights and PwC.

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Surge in Hacked Credit Card Information Offered for Sale on Web

The number of hacked U.S. credit cards whose information was offered for sale to other criminals on the dark web jumped by about two-thirds in the first half of this year, according to a cybersecurity research firm.

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VIDEO: Impact of Brexit on Fintech

In this video, Pinar Emirdag, head of digital product development and innovation at State Street Bank, discusses how Brexit will impact Fintech’s future in the U.K. She speaks on “Bloomberg Markets: European Open.

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FBI Has 130 Cryptocurrency-Related Investigations, Agent Says

The Federal Bureau of Investigation has 130 cases tied to cryptocurrencies, according to an agent speaking at a digital-asset industry conference in New York.

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The End of the Great Australian Bank Boom

It doesn’t feel all that long ago that Australian banks were the envy of the world.In March 2009, when stress-testing of U.S. financial institutions drove the final spasm of the previous years creditcrisis, you could have bought all the shares in Citigroup Inc., Royal Bank of Scotland Group Plc and Barclays Plc with their 8.

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A Payments Battle Is Brewing in Hong Kong

Alipay’s azure blue logos began appearing two years ago in Hong Kong’s airport, greeting travelers from China who rely on the popular payments app back home.In recent months, taxis got them. Now stores and boutiques have them.

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U.S. Launches Criminal Probe Into Bitcoin Price Manipulation

The Justice Department has opened a criminal probe into whether traders are manipulating the price of Bitcoin and other digital currencies, dramatically ratcheting up U.S. scrutiny of red-hot markets that critics say are rife with misconduct, according to four people familiar with the matter.

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Why China’s Payment Apps Give U.S. Bankers Nightmares

Wandering the streets of Shanghai to admire the architecture, the head of one of the largest U.S. consumer banks recently found himself surrounded by a gaggle of teenagers. Entranced by their phones, they hardly made way for the banker. The teens were messaging, shopping and sending money back and forth, all without cash.

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