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Bitcoin gets bashed by banks Amid results season, the CEOs of UBS, Bank of America (BofA), and China Renaissance expressed their views on Bitcoin, the cryptocurrency that has seen its price rise astronomically since the start of the year amid high investor demand.
Despite the CEOs all expressing enthusiasm about blockchain, the technology which underpins Bitcoin and which is seeing an increasing number of use cases evolve in the financial services industry, they nevertheless also expressed several concerns about the cryptocurrency itself.
The banks criticized Bitcoin both as a method of payment and as an asset class.
BI Intelligence analyst Maria Terekhova has the full story.
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| | | This report compiles various fintech snapshots, which together highlight the global spread of fintech, and show where governments and regulatory bodies are shaping the development of national fintech industries. Each provides an overview of the fintech industry in a particular country or state in Asia or Europe, and details what is contributing to, or hindering its further development. We also include notable fintechs in each geography, and discuss what the opportunities or challenges are for that particular domestic industry. Learn More → | | | | |
| | | BI Intelligence, Business Insider's premium research service, has put together a detailed report on the shifts in the point-of-sale terminal landscape, how leading players can meet them, and who's doing it most effectively. Learn More → | | | | |
| | | In a new report from BI Intelligence, we examine where the wireless industry stands as a result of the price war and uptick in data demand from consumers. We also look at how technological advancements and the adoption of new product lines could incentivize the next wave of revenue growth for telecoms. Finally, we explore potential barriers to carriers' growth, and examine which of the Big Four carriers are poised to lead the pack. Learn More → | | | | |
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| | | Amazon added a new feature to its Alexa voice assistant that will let consumers use Echo smart speakers or other Alexa devices to control multiple smart home devices at once in what it calls "routines." Read More → | | | | |
| | | The end of the Q3 2017 earnings season highlighted the continued importance of cloud computing for the four largest global cloud providers by market share. Read More → | | | | |
| | | Millennials are spending more time watching content on TV than they are on digital platforms, according to a report by the Video Advertising Bureau (VAB). Read More → | | | | |
| | | Square announced the launch of Square Register, its new dual-screen stationary countertop point-of-sale (POS) device. The offering, which has been in a limited pilot, accepts magnetic stripe, EMV, and contactless payments. Read More → | | | | |
| | | YouTube has made an update to its automated content classification system, which will result in 30% fewer videos on the platform being classified as not eligible for monetization through ads. Read More → | | | | |
| | | Snapchat has updated its guidelines to minimize the amount of sexually explicit content hosted in the app's Discover section, which hosts things including videos and news from publishers. Read More → | | | | |
| | | During Google's Q3 2017 earnings call, the firm announced that it'd seen early adoption of Tez, its proprietary mobile payment platform, in India. Read More → | | | | |
| | | Microsoft and Alphabet's Q3 2017 earnings calls highlighted that artificial intelligence (AI) and the cloud are not only major catalysts of growth for the tech giants, but also centerpieces of their long-term strategies. Read More → | | | | |
| | | Amazon has temporarily lowered the seller fees on products that are $15 or less for merchants that sell nonperishable grocery items. Read More → | | | | |
| | | Apple is showing signs of a comeback in China following six consecutive quarters of year-over-year (YoY) declines in iPhone shipments. Read More → | | | | |
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Facebook and Instagram draw strength from their differences |  | |
How online and in-store retailers can attract shoppers during the holidays |  | |
Survey shows connected devices spreading but presenting new challenges |  | |
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