Author: Lucas Peterson
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Alibaba Plans To Split Into Six Companies!
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The Chinese online retail giant Alibaba wants to split itself into six independent companies. This would transform the now monolithic tech giant Alibaba into a tech holding company, which is rare in China.
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Visa And Mastercard Support Suspicion Of Wirecard Fictitious Transactions!
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The former CEO Markus Braun denies allegations of fictitious transactions. In the Wirecard trial, Braun is accused of billion-dollar fraud.
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Relio Receives A FinTech License And Wants To Digitize Business Accounts!
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After being awarded a fintech license, Swiss startup Relio plans to offer digital accounts for SME customers. Relio wants to reduce compliance efforts for customers.
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Jack Ma Resurfed In China After Successful Alibaba Restructuring!
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Before his return, Alibaba founder Jack Ma had been abroad for over a year. The billionaire’s relationship with Chinese authorities is strained. Now, he has reappeared in China for the first time. The Hong Kong newspaper South China Morning Post, which he owns, reported that Ma visited a school in…
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Bold $100.000-Predictions For Bitcoin Price in 2023!
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Some industry insiders believe that the leading cryptocurrency Bitcoin (BTC) could reach new record highs this year. BTC has a real run this year. The cryptocurrency is up more than 70% year-to-date – leading industry insiders to feel a lift. While some are making bold price forecasts of up to…
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Treasury Secretary Yellen Convenes Unscheduled FSOC Meeting!
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U.S. Treasury Secretary Janet Yellen will chair a closed-door meeting of the Financial Stability Oversight Council (FSOC) on Friday, media reports said, citing a statement from the department.
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New Hope For XRP: Will Ripple Win Against The SEC?!
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Since the end of December 2020, the SEC has been at loggerheads with Ripple. The legal dispute drags on and weighs on the cryptocurrency XRP. Is the decisive help for Ripple coming now?
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Shortsellers Vs Jack Dorsey’s Fintech Block!
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Shares of Jack Dorsey’s Fintech Block plunged about 18% this week after short-seller Hindenburg Research accused the company of systematically facilitating fraud and violate regulatory rules.
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Crypto Founder Do Kwon Charged With Fraud In The U.S.!
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Do Kwon, cofounder of the collapsed crypto scheme Terra-Luna, was charged with fraud by U.S. prosecutors shortly after local authorities arrested him in Montenegro. A grand jury in New York federal court charged Kwon with securities fraud, wire fraud and commodities fraud, the indictment shows. In February, the SEC already…
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Deutsche Bank Under Pressure: Now Chancellor Scholz Speaks Out!
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After the laboriously negotiated takeover of the ailing Credit Suisse by the Swiss central bank UBS, unrest continues to reign in the financial markets. The Deutsche Bank share is one of the biggest losers on the DAX ahead of the weekend. However, the recent slump in the share price offers…