Cryptocurrencies

Fed sets bank exposure caps; Equifax hires IBM AI expert

06/15/18

Largest banks would be limited on how much risk they could have with each other; the credit bureau has hired the former head of the computer giant's Watson unit.

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Ether is not a security, top SEC official says

06/14/18

It’s possible for a cryptocurrency to begin as a security and then transform into another type of asset, said William Hinman, who heads the regulator's division of corporation finance.

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CFPB fines debt collector; Adyen shares nearly double on first day

06/14/18

Security Group was fined $5 million for abusive collection tactics; the Dutch payments company is now valued at nearly $16 billion.

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CFPB fires advisory board members; Goldman goes to ‘war’

06/07/18

Agency says it wants “smaller memberships to ensure streamlined discussions;” the bank hired a U.K. firm to help it better defend against cyberattacks.

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Crypto firm Circle aims to expand into regulated banking

06/06/18

Circle Internet Financial Ltd., one of the world’s most valuable cryptocurrency platforms, is looking to make a big leap into the highly regulated realm of U.S. banks and brokerages.

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Sales problems go beyond Wells; Technology vs. establishment

06/06/18

The OCC finds widespread problems in bank retail sales practices; Ripple and Swift competition for payments pits technology against convention.

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To fuel digital currencies, crypto-lender finances sales of mining gear

06/05/18

Cereal is looking at the aspects of the market that could be considered the most stable. By encouraging more mining activity, Cereal also promotes the viability of the cryptocurrencies being mined.

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Goldman VP nabbed for insider trading; more challenges for Deutsche

06/01/18

The banker made $140,000 in illegal trading profits; the German bank faces Fed stress test and “living will” examination soon.

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Bittrex gets bank agreement to help you buy bitcoin with dollars

05/31/18

Bittrex, a Seattle cryptocurrency exchange that lets users swap nearly 200 different digital coins, said it forged banking agreements that will allow some customers to trade in U.S. dollars.

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Italy fears hit U.S. bank stocks; Ken Chenault’s new venture

05/30/18

The S&P 500’s financials sector drops more than 3%; former Amex chief’s venture capital firm is backing a credit scoring company.

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