Minneapolis Fed President Kashkari On Bitcoin: ‘No Credible Threat’

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Via CNBC

“Despite the competition heating up within the burgeoning digital currency world, none of the products represent a viable threat to the U.S. dollar, Minneapolis Fed President Neel Kashkari said Tuesday.

Cryptocurrencies have been experiencing a huge boom over the past year, with the rolls of those coins with more than $1 billion market value exploding from less than 10 just a few months ago to 44 and counting.”

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This Local FinTech Startup is Making Cryptocurrency a Bit Less Cryptic

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The cryptocurrency market is growing at a remarkable rate, but remains stunningly nascent in many ways.

Most of us are familiar with bitcoin, but it’s just one of the more than 1,300 different forms of cryptocurrency that exist in the world, traded across hundreds of different exchanges. It’s a fractured and decentralized system, making investment in this frontier a somewhat mystifying endeavor.

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Blaine Tech Firm SPC Acquired By Convergint Technologies

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Via News Release

Convergint Technologies, a worldwide leader in service-based systems integration, today announced the acquisition of Minnesota-based Security Products Company (SPC).  Founded in 1976, SPC is a full-service provider of physical and electronic security systems, construction management services, IT and cybersecurity solutions, and marketing solutions. This is the 13th company acquired by Convergint in the past two years.”

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MN Tech Entrepreneur Aims To Connect Refugees With The Global Economy Using Blockchain

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Via Forbes

“Social entrepreneur Hamse Warfa spent three years in Kenya’s Dadaab Refugee Camp in the mid-1990s before arriving to the U.S. and making his home in Minneapolis. He has worked on behalf of refugees ever since and now has created BanQu, a new blockchain app for refugees and stateless people who number as many as 65 million worldwide. Ashoka’s Simon Stumpf caught up with Warfa earlier this week to learn more.”

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TransUnion Acquires St. Cloud HQ eBureau

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Via News Release

“Chicago, Oct. 10, 2017 – TransUnion (NYSE: TRU) announced today that it is continuing to build upon its success as a source of groundbreaking, versatile data and analytics capabilities with the acquisition of eBureau, a leading provider of custom-analytic solutions with both credit-risk and anti-fraud applications.”

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Q&A With Clay Collins On His Cryptocurrency Startup Nomics

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By Sam Schaust, Twin Cities Business

“Fifty-seven days. That’s how long it took Clay Collins to leave his first startup and announce his second.

Nomics, which Collins co-founded with Masschusetts-based developer Nick Gauthier, aims to fill an unmet need within the market of cryptocurrencies, or digital currency, such as Bitcoin.”

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Clay Collins Is Already Working On His Next Startup: Nomics

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Minnesota tech entrepreneur Clay Collins hasn’t chilled much since stepping down as the CEO of Leadpages on August 1st.

Instead, he’s already moved on to a new venture called Nomics — a fintech firm focused on the cryptocurrency market.

“Nomics will be “Yahoo Finance for Crypto” and the internet’s home page for Bitcoin, Ethereum, and other cryptocurrencies.” reads the heading.

The outspoken founder tweeted this teaser Saturday morning:

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