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Visa Announces Fintech Partnership to Help Companies Eliminate $33 Trillion in Paper Checks

patpitchaya | Getty Images Visa is partnering with Ingo Money to launch a product for merchants and banks to quickly get onto the payment network’s systems allowing fast digital payments to customers.

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Alibaba to Open First E-commerce Trade Hub in Europe

Alibaba struck a partnership with the Belgian government on Wednesday to create a trade hub that aims to help companies in the country to sell products abroad.

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Bitcoin and Digital Assets Are Here to Stay, Says NYSE Chairman, Despite Bear Market

Bitcoin got the backing of a critical figurehead on Wall Street this week. Jeff Sprecher, chairman of the New York Stock Exchange and CEO of its parent company, Intercontinental Exchange, said that despite headlines of cryptocurrencies flopping, digital assets have a future in regulated markets.

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China’s Fintech Revolution Is Potentially ‘A Very Big Risk,’ Says Finance President

The sheer number of fintech companies setting up in China has the potential to become a very big risk, according to the president of Chinese financial investment platform, Phoenix Finance.

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Mining Software Isn’t Just for Cryptocurrency – It Could Also Be Used to Steal Corporate Secrets

Even though cryptocurrency prices have fallen, cybercriminals could still take advantage of mining software, and not for the reasons you think. Instead of creating alternative currencies, cryptomining software could be used for a more sinister attack that could steal corporate secrets, according to Troy Kent, a threat researcher at Awake Security.

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NGO Says Regulators Can’t Stop High-tech Fraudsters by Themselves

At some point in time, it (became) generally regarded that regulators are behind the financial innovation developments, Teng said. They have been since catching up with this problem.

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Despite Cryptocurrency Crash, Amazon Sees Opportunity to Embrace Blockchain

Even as cryptocurrencies are getting crushed, Amazon sees plenty of opportunity with blockchain technology.

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SEC’s Clayton Needs to See Key Upgrades in Cryptocurrency Markets Before Approving a Bitcoin ETF

Cryptocurrency enthusiasts have been eagerly awaiting the approval of what would be the first-ever bitcoin exchange-traded fund, or ETF. But the man largely behind greenlighting one — Securities and Exchange Commission Chairman Jay Clayton — has a few worries that need to be assuaged before he’s “comfortable” approving the investment vehicle. The first is a lack […]

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Go to the Mall or Buy From Your Phone? More Shoppers This Holiday Season Are Going Mobile

Traffic might appear lighter at some malls this holiday season, but that’s because people are shopping on their smartphones. Mobile spending during the holidays is expected to continue to climb this year, as retailers have been investing to improve their apps, and shoppers are growing more comfortable with ringing purchases up in just a few […]

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Alipay’s Parent Company Says Tech Services – Not Payments – Will Be Its Main Business in the Future

Alibaba affiliate Ant Financial’s core business in the future will be technology services, rather than just payments, its CEO told CNBC in an exclusive interview. Ant Financial runs one of China’s largest mobile payments platform, called Alipay, which has more than 700 million annual active users. It’s Ant Financial’s main business currently.

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Central Banks Should Consider Issuing Digital Money, IMF’s Lagarde Says

Central banks should consider issuing digital currencies as money faces a historic turning point, according to IMF Managing Director Christine Lagarde. In a speech at the Singapore Fintech Festival on Wednesday, Lagarde highlighted the changing nature of money as demand for physical cash decreases around the world.

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This Chart Shows How Cryptocurrency Mining on Your Own Is No Longer Profitable

Cryptocurrency mining isn’t what it used to be. Last year, the mining process of earning new cryptocurrencies using high-powered computers, then selling those digital assets, became a profitable side business for savvy entrepreneurs who set up the mining rigs in their basements and dorm rooms.

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