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Today In Payments: Biden Expected To Name Michael Barr To Head OCC; Biden’s Treasury Pick Yellen Leary Of Crypto

PYMNTS

In today’s top news, President Biden is expected to pick Michael Barr to head the OCC, and Janet Yellen, Biden’s pick for Treasury Secretary, is expected to take a hard stance toward crypto. Biden’s Treasury Pick Yellen Leary Of Crypto. COVID-19’s Price Tag Leaves Large Hospitals At Financial Risk.

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NCR’s Cardtronics Bid – And The Rise Of Self-Service Banking At The ATM 

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Even cryptos – and post-pandemic, a quickening embrace of the ATM. To that end, and as reported, NCR is looking to buy Cardtronics , in a deal that takes place amid recent news that Apollo Global and Hudson Executive Capital, private equity firms, were also gunning for Cardtronics. In one example , last week, Intel Corp.

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Coinbase Eyeing Omni’s Crypto Engineering Team For Acquihire

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The news comes as Omni has been struggling. Launched in San Francisco as an on-demand storage company that would pick up and tag items from your home, then store them in a warehouse, it eventually started to expand into other cities. Coinbase Earn enables users to earn crypto rewards when they finish online educational programs.

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Bitcoin Daily: Jet Token Seeks $10M For Crypto-Based Jet Leasing Marketplace; Tradewind Blockchain Platform Launches Stablecoin Tracking System

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In other news, Jet Token is working to raise as much as $10 million in a Regulation A for its ethereum-powered private jet leasing marketplace. Founded last year, the company competes with TurnKey Jet, which was the first crypto company that received a no-action letter from the U.S.

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Why eBay’s Trials And Tribulations May Have Melted ICE’s Bid – For Now

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As has been widely reported, the Intercontinental Exchange (ICE), which owns the New York Stock Exchange (NYSE), has made an offer to buy eBay. Beyond the price tag, it’s telling that ICE wants to have eBay’s core business – and the $10 billion that is the purported worth of the Classifieds? Dueling Headlines. No, thanks.

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Bitcoin Daily: Square's Cash App Lets Consumers Earn Bitcoin On Purchases; Nigeria Trades Second-Highest Bitcoin Volume On Paxful's Platform

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Other firms have made similar moves, with crypto lending firm BlockFi partnering with Visa to roll out a new bitcoin-backed credit card in 2021, CoinDesk reported. In other news, Nigeria is now the No. 2 country in the world in terms of bitcoins traded, according to a report from Quartz.

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Transcript: Michael Lewis on SBF & FTX

Barry Ritholtz

[ Michael Lewis ] 00:01:42 So this friend reaches out in September of 2021, and I’d never heard of Sam Bankman Fried or F T X , I hadn’t been paying much attention to crypto. Can I just tag along? Once you decide to write this, you have to know, you’re gonna be going to be discussing crypto.

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