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Amazon’s Bitcoin Embrace And Cannabis Burgers Top The Week’s News

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In addition, they are expected to jointly explore new product and service offerings in digital lending. Amazon Embraces Bitcoin. Bitcoin , through the lightning network, will soon be available as an option to pay on Amazon and other eCommerce sites. Venmo is one of the FinTechs that have been able to garner widespread adoption.

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Credit China FinTech Invests $30M In Bitfury Group, Forms JV

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Credit China FinTech, the Chinese investment company, announced Thursday (Jan. 26) it made a $30 million investment in Bitfury Group, the bitcoin and blockchain infrastructure provider. Blockchain is a fast-emerging technology allowing effective secured value transfer over the internet.

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US Lawmakers Explore How Blockchain Can Help SMBs

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The hearing, according to the Committee on Small Business’ website , “will explore how innovators and entrepreneurs are using blockchain technology to help small businesses boost productivity, increase security, open new markets and change the way business is done.”

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Bitcoin (And Other Crypto) Use Cases Fizzle, Bit By Bit?

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Much hype and hope surrounds the adoption of cryptocurrencies — bitcoin among them as the marquee name in the space, of course — beyond the Wild West of speculative trading that exists now. Favor has met with disfavor, and bitcoin now trades at $3,990 — a bit above nadirs around $3,400 and well off highs that neared $20,000.

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State Regulation, Conference of State Bank Supervisors, Financial Services, FinTech, Charles Clark, Washington State Department of Financial Institutions, License, Regulation, Bank of Indonesia, FinTech, Bitcoin, Cryptocurrency, News

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Through the Conference of State Bank Supervisors, Georgia, Illinois, Kansas, Massachusetts, Texas, Tennessee and Washington are looking to standardize the ways firms across traditional financial services and FinTech upstarts apply for, and are granted, licenses. Regulatory News, of the Global Type.

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Bitcoin Tracker: The Unbanked-Profit Dilemma

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Can the unbanked benefit from bitcoin, or are they merely the experimental subjects of bitcoin adherents, lobbyists and scientists? This week’s Bitcoin Tracker takes a look at the recent bitcoin projects that are in the news and that are targeting the unbanked. Vogel also wanted to clarify regulations surrounding bitcoin.

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FinTech’s Bright Future Marred by Hype

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Unfortunately, “60 Minutes,” famous for investigative journalism, missed the really big story in FinTech. A few days later, one of the founding fathers of FinTech, Renaud Laplanche , was forced out of Lending Club, the peer-to-peer lender he founded in 2006, following scandals over loan disclosures and conflicts of interest.

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