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Bitcoin Daily: Bitcoin Stock Dips At Vaccine News; Crypto Licensing Bill Proposed In NJ; TradeStars Launches New Fantasy Sports Stocks Token

PYMNTS

As other stocks rebounded at the news of a breakthrough in Pfizer and BioNTech’s joint COVID-19 vaccine, bitcoin fell sharply to nearly $14,815, according to CoinDesk. By the end of the day, the stock had risen slightly, hitting $15,369.783 at 5:16 p.m. ET, but still down from the day’s starting point of $15,800. Meanwhile, New Jersey Sen.

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Bitcoin Daily: NJ Assembles Blockchain Initiative Task Force; IBM Eyes Blockchain Browser

PYMNTS

And finally, blockchain technology company Blockstream has announced it is launching “massive” bitcoin mining data centers in Quebec and Adel, Georgia. Two of their active customers include Fidelity Center for Applied Technology and LinkedIn co-founder Reid Hoffman. “We

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Bitcoin Daily: Avanti Preparing To Apply For Banking Charter; NJ Lawmaker Introduces Regulatory Rules On Crypto

PYMNTS

A “future bank” focused solely on providing regulated services for digital assets is preparing to start, according to Coindesk on Monday (Feb. Called Avanti, the venture is put forward by Caitlin Long, a legislative champion for blockchain and a former Wall Street veteran.

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Five At Five: Bitcoin Trader Sentenced Following Federal Jury Conviction

PYMNTS

Coverage includes a 41-month prison sentence for a bitcoin trader, Starbucks mulling a bitcoin project, Barclays investing in an alternative lender, Discover naming a new chief executive and proposed legislation to ban overdraft fees on ATM and debit transactions. Bitcoin Trader Thomas Mario Costanzo Gets 41-Month Sentence In Prison.

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Bitcoin Daily: US Treasury’s Mnuchin Says ‘Significant’ New Crypto Rules In Works; Spain’s FC Barcelona To Create Team Token

PYMNTS

BlockFi, based in Jersey City, NJ, will use the money to boost staff and start work on additional projects. BlockFi caught people’s attention last year when it started providing interest-bearing accounts for offering returns paid out in Bitcoin or Ether.

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Fintech Fundings: 15 Companies Raise $125 Million Week Ending May 1

Fintech Labs Insights

HQ: Chatham, NJ. Tags: Cryptocurrency, bitcoin, virtual currency, payments. Here are the deals listed by size from April 25 to April 30: Circle. Digital currency provider. HQ: Boston, Massachusetts. Latest round: $50 million Series C (at $200 million valuation). Total raised: $76 million. Source: Crunchbase. MX (formerly MoneyDesktop).

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Where are they now? A look at FinovateSpring 2015 Best of Show Winner Successes

Fintech Labs Insights

August 2015: Partnered with Snapcard for to power bitcoin acceptance. HQ: Mahwah, NJ. January 2016: Partnered with Alipay. October 2015: Partnered with Macquarie Business Banking. October 2015: Begins offering iSignthis KYC services. HQ: Broomfield, CO. Founded: 2002. Demo video ). February 2016: Featured in Gartner report.