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January 25, 2021

Fintech

Two-day bitcoin sell-off wipes out over $100 billion from the entire crypto market

CNBC
by CNBC012
CNBC – For more and to sign up click here Bitcoin slumped for a second day Thursday, taking the digital currency’s losses to more than 10% over 48 hours and wiping off billions of dollars from the crypto market. The price of bitcoin slipped 8% on Thursday to as low......
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TikTok owner ByteDance launches payments in China as it pushes into fintech and e-commerce

CNBC
by CNBC07
CNBC – For more and to sign up click here A symbol of TikTok (Douyin) is pictured at The Place shopping mall at dusk on August 22, 2020 in Beijing, China. VCG | Visual China Group | Getty Images GUANGZHOU, China — ByteDance has launched a new payment service within......
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Bitcoin and U.S. tech stocks are the biggest market bubbles right now, investors say

CNBC
by CNBC09
CNBC – For more and to sign up click here In this photo illustration, a visual representation of digital cryptocurrency Bitcoin (BTC) is arranged on a circuit board of a hard drive. Yuriko Nakao | Getty Images Bitcoin and U.S. tech stocks are viewed by investors as the biggest market......
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Jamie Dimon says JPMorgan Chase should absolutely be ‘scared s—less’ about fintech threat

CNBC
by CNBC019
CNBC – For more and to sign up click here Jamie Dimon, CEO of JP Morgan Chase, appears on CNBC’s Squawk Box at the 2020 World Economic Forum in Davos, Switzerland on Jan. 22nd, 2020. Adam Galica | CNBC JPMorgan Chase CEO Jamie Dimon has watched while a new breed......
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Fintech start-up Curve raises $95 million to bring its ‘smart’ payment card to the U.S.

CNBC
by CNBC013
CNBC – For more and to sign up click here Curve CEO and founder Shachar Bialick. Curve LONDON — British financial technology firm Curve announced Tuesday that it’s raised $95 million to fuel an expansion into the United States. Founded in 2015, Curve is among a flood of upstarts in......
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Walmart to create fintech start-up with investment firm behind Robinhood

CNBC
by CNBC018
CNBC – For more and to sign up click here Cars drive past a Walmart store in Washington, DC, on August 18, 2020. Nicholas Kamm | AFP | Getty Images Walmart said Monday that it’s creating a fintech start-up with Ribbit Capital, one of the venture capital firms behind Robinhood.......
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Bitcoin tops $41,000 to hit another record, climbing 40% so far this year

CNBC
by CNBC023
CNBC – For more and to sign up click here In this photo illustration, visual representations of the digital cryptocurrency, Bitcoin are arranged on January 4, 2021 in Katwijk, Netherlands. Yuriko Nakao | Getty Images Bitcoin’s price rallied to a fresh all-time high on Friday, smashing past $41,000 for the......
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Affirm founder Max Levchin poised to become next billionaire from ‘PayPal mafia’

CNBC
by CNBC034
CNBC – For more and to sign up click here Drew Angerer / Getty Images  Affirm founder and CEO Max Levchin is poised to join Elon Musk, Peter Thiel and Reid Hoffman on the billionaires list, becoming the latest member of the so-called PayPal mafia to add his name to......
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JPMorgan says bitcoin could rise to $146,000 long-term as it competes with gold

CNBC
by CNBC026
CNBC – For more and to sign up click here A visual representation of the digital cryptocurrency bitcoin. Yu Chun Christopher Wong | S3studio | Getty Images Bitcoin’s remarkable ascent past $30,000 has stunned Wall Street — and one of the biggest U.S. investment banks thinks the digital currency could have......
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Bitcoin falls over 10% as record-breaking rally loses steam

CNBC
by CNBC052
CNBC – For more and to sign up click here An illustration of bitcoin on Euro banknotes. Nicolas Economou | NurPhoto via Getty Images Bitcoin is pulling back from its record highs. The cryptocurrency briefly dipped below $30,000 Monday, just two days after breaching that level for the first time.......
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Europe’s digital banks got a ‘wake-up call’ in 2020. And consolidation could be coming

CNBC
by CNBC012
CNBC – For more and to sign up click here The icons for the Monzo and Starling Bank banking apps on a smartphone. Adrian Dennis | AFP via Getty Images LONDON — In a year when online banking has taken off, you’d think it would be a golden opportunity for......
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Cryptocurrency XRP plunges 25% after SEC files lawsuit against Ripple

CNBC
by CNBC031
CNBC – For more and to sign up click here In this photo illustration, a visual representation of the digital Cryptocurrency Ripple is displayed on January 30, 2018 in Paris, France.  Chesnot | Getty Images The price of XRP plunged again Wednesday after the U.S. Securities and Exchange Commission filed......
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Cryptocurrency firm Ripple expects to be sued by the SEC; XRP plunges

CNBC
by CNBC032
CNBC – For more and to sign up click here In this photo illustration of the ripple cryptocurrency ‘altcoin’ sits arranged for a photograph on April 25, 2018 in London, England.  Jack Taylor | Getty Images News | Getty Images Ripple, the fintech company best known for cryptocurrency XRP, has......
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Bitcoin hits new all-time high above $23,000, extending its wild 2020 rally

CNBC
by CNBC019
CNBC – For more and to sign up click here Omar Marques | LightRocket | Getty Images Bitcoin surged 12% to hit a fresh record high above $23,000 on Thursday, extending a wild rally for the cryptocurrency that has seen it more than triple in value this year. The world’s......
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Bitcoin breaks above $20,000 for the first time ever

CNBC
by CNBC030
CNBC – For more and to sign up click here A visual representation of bitcoin. studioEAST | Getty Images Bitcoin breached the $20,000 level for the first time in history Wednesday, as crypto enthusiasts pointed to increased demand from institutional investors for the red-hot digital currency. The world’s most-valuable virtual......
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PayPal-backed fintech start-up Tink valued at more than $800 million after fresh funding

CNBC
by CNBC023
CNBC – For more and to sign up click here Tink co-founders Daniel Kjellén and Fredrik Hedberg. Tink LONDON — A new movement in finance that calls on big banks to share their coveted customer data with younger technology rivals has gained significant momentum in 2020. Called open banking, a......
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Winklevoss twins say bitcoin rally isn’t retail driven this time and includes sophisticated investors

CNBC
by CNBC019
CNBC – For more and to sign up click here SINGAPORE — Early cryptocurrency investors Tyler and Cameron Winklevoss say savvy investors have been part of bitcoin’s bull run this year, separating this rally from the previous boom and bust of bitcoin. “The type of investors in this bull run......
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Technology could help sustainable investing turn the corner, says JPMorgan

CNBC
by CNBC026
CNBC – For more and to sign up click here The JP Morgan Chase & Co. headquarters, The JP Morgan Chase Tower in Park Avenue, Midtown, Manhattan, New York. Tim Clayton – Corbis | Corbis Sport | Getty Images SINGAPORE — While there’s “nothing new” to sustainable investing, technology has......
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You can have it all — just not all at once, says first woman to head major Wall Street bank

CNBC
by CNBC034
CNBC – For more and to sign up click here Jane Fraser’s appointment as the first woman CEO of a major Wall Street bank was a huge feat, not only personally but also for others hoping to balance professional ambitions with their private lives. But she is adamant other career-climbers......
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Facebook hopes the cryptocurrency it backs will launch in 2021, top exec says

CNBC
by CNBC032
CNBC – For more and to sign up click here David Marcus, now head of Facebook Financial or F2, testifying about Facebook’s proposed digital currency previously known as Libra, during a Senate Banking, House and Urban Affairs Committee hearing on Capitol Hill in Washington, DC, July 16, 2019. The cryptocurrency......
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