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Rocket Trims IPO By 39 Pct From $3.3B To $2B After Investors Reject Valuation

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The Detroit-based company is expected to market a reduced number of shares at about $18 to $20 apiece, Bloomberg reported, citing sources. The report stated the downsizing may signal the IPO market’s worry as the pandemic deepens across much of the U.S., Last month, Gilbert sought an IPO for $3.3

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Fed Sees Possible Path To ‘Direct Issuance’ Of Digital Dollars

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Cleveland Federal Reserve President Loretta Mester said in a speech this week that a digital dollar could conceivably be a form of money transfer that would enable the Fed to disburse money to all individuals in America. Digital dollars could make the leap from concept to reality, but there might be a few ways to get there.

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Is ‘Embedded Regulation’ The Key To Stablecoins’ Success?

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“Today, authorities around the world are grappling with the rise of digital currencies and decentralized finance based on both emerging technologies — particularly various combinations of distributed ledger technology (DLT) and blockchain and advances in traditional centralized systems underpinning finance,” according to the report.

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Wayfair Launches Real-Time Delivery Tracking

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Currently available in 10 retail markets — including Atlanta, Boston, Chicago, Dallas, New York City and San Francisco, among others — Chain Store Age reports the new feature will “transform what is considered a time-consuming, even frustrating, process.”

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Google Pay Adds 29 US Banks To Mobile Payment Service

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Greater Cleveland Community Credit Union. This year has been a busy one for Google Pay, as it tries to gain prominence in a crowded market with competitors like Apple Pay , Samsung Pay and even Walmart Pay. Community Bank of the Bay. Community First Credit Union (OH). Evans Bank. Federated Bank. First Bank of Boaz. Grand Savings Bank.

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Facebook Faces Billions In Possible GDPR Fines

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Also in Europe, the European financial markets regulator has said that it wants to spend one million euros to promote market stability in the region as pertains to cryptocurrencies and FinTechs. The one million euros will be spent through 2019, according to reports. community banks and small business lending.

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Blockchain’s Inroads Through National Frameworks And Trade Finance

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The newswire said that Berlin exists as a “hub” for the industry, where roughly 10 startups focus on blockchain, and end markets span energy, pharma and transportation. As reported this past week in the Cleveland Scene , one of Cleveland’s largest blockchain firms, Votem , shuttered doors abruptly amid a lack of funding.

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