Finance

Bitcoin dropped more than 6 percent over two hours Monday, below $7,000 as the April tax-filing deadline approaches. The cryptocurrency hit a low of $6,705.78 as of 9:27 a.m. ET Monday, according to data from CoinDesk. Bitcoin prices have fallen more than 27 percent over the past month. Tax-related selling has been a key driver
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Zhang Peng/LightRocket via Getty Images Mobile payments are widely accepted in China, including at supermarkets. “However, in other parts of the fintech space, for example access to credit online, credit cards, credit infrastructure or access to insurance, are still under penetrated and have lots of room to grow. That’s why we expect the whole sector
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One of Wall Street’s veteran economic forecasters is toning down his economic growth forecast. The Economic Cycle Research Institute’s Lakshman Achuthan told CNBC his leading indicators are pointing to a slowdown that’s picking up momentum — highlighting one particular trend in the latest unemployment rate chart that supports his case. “What really caught our eye,
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The possible replacement of Deutsche Bank Chief Executive John Cryan could be discussed on a call with board members scheduled on Sunday evening by Supervisory Board Chairman Paul Achleitner, German newspaper Handelsblatt reported. Achleitner has invited the supervisory board to an “Update Call”, the paper reported, adding the invite did not contain further information about
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AFP | Getty Images Officials of the Financial Services Agency enter Coincheck’s headquarters to conduct a search, in Tokyo’s Shibuya district on February 2, 2018. Japanese authorities on February 2 raided virtual currency exchange Coincheck, a week after the Tokyo-based firm lost 530 million USD in cryptocurrency to hackers. Japanese online brokerage firm Monex Group
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Popular cryptocurrency exchange Coinbase is launching a new incubator fund for early-stage start ups, the company announced Thursday. “We’re going to invest off our balance sheet into crypto companies,” Coinbase President and Chief Operating Officer Asiff Hirji told CNBC’s “Fast Money” Thursday. “We will invest in companies that are in the space and are aligned
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Matthew Busch | Bloomberg | Getty Images Tom Reilly, chief executive officer of Cloudera. Check out the companies making headlines after the bell: Cloudera stock plummeted 25 percent post-market after the cloud computing company released its earnings report. Fourth-quarter revenues and earnings beat Wall Street estimates, but guidance for the upcoming quarter and fiscal year
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