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The Bitcoin Foundation may split into two separate bodies after facing reputational damage, declining membership and continued losses.
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Only the “radical use” of new technologies can help the UK’s biggest banks become more profitable, KPMG has warned, as shareholder returns continue to drop six years after the financial crisis.
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China’s e-commerce market is growing rapidly, thanks in no small part to Alibaba, the e-commerce giant with annual transactions greater than both Amazon and eBay combined. However, the US has just taken over as the most ‘attractive’ market for e-commerce.
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India’s Mobikwik has landed £25 million in a Series B round led by Singapore-based hedge fund Tree Line Asia, and is aiming for a $100 million Series C round in the second half of this year.
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Snapdeal, one of India’s largest e-commerce firms, has bought mobile-payments company FreeCharge for a rumoured $450 million.
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Mobile security company Optio Labs has acquired smaller Maryland-based mobile security company Oculis Labs, which will afford greater data security solutions for multiple institutions.
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