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Cryptocurrency Coalition to Pay D.C. Lobbyists in Digital Coins

A group of financial technology companies is banding together to lobby lawmakers and regulators on cryptocurrencies — and they plan to pay their Washington advocates partly in digital coins.The firms, all based in the San Francisco area, include digital money transfer company Ripple and several startups.

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Citigroup Planning Crypto Trading by Issuing Receipts

Citigroup Inc. is developing a new mechanism for trading cryptocurrencies such as Bitcoin that would put it at the forefront of Wall Street’s efforts to let clients bet on the largely unregulated market, according to a person with knowledge of the plans.

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Citi Seeks Credit Markets Edge With New Fintech Investment Group

If you can’t beat them, join them. Or maybe invest in them.That’s the ethos at Citigroup Inc., which has created a group to invest in financial technology companies to get the first look at innovations that could reshape debt markets.

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Google and Mastercard Cut a Secret Ad Deal to Track Retail Sales

For the past year, select Google advertisers have had access to a potent new tool to track whether the ads they ran online led to a sale at a physical store in the U.S. That insight came thanks in part to a stockpile of Mastercard transactions that Google paid for.

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Deutsche Bank Pushes Digital With Second Fintech Deal This Year

Deutsche Bank AG beefed up its digital banking operations again with a second investment in a fintech startup within four months, a move that points to a slow revolution at one of its most important divisions.

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Zelle Wants to Let You Pay Businesses, Too

Zelle, a Venmo-style app that lets consumers send money to friends, roommates and babysitters, is working on ways to ensure that customers can safely pay small businesses as well, according to people familiar with the situation. Zelle, backed by Bank of America Corp., JPMorgan Chase & Co.

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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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