Fidelity Said to Offer Cryptocurrency Trading Within a Few Weeks
Bank Innovation
MAY 6, 2019
The Boston-based firm, one of the largest asset managers in the world, created Fidelity Digital Assets in […].
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Bank Innovation
MAY 6, 2019
The Boston-based firm, one of the largest asset managers in the world, created Fidelity Digital Assets in […].
PYMNTS
DECEMBER 24, 2020
If 2020 taught us anything about cryptocurrencies, it’s that they’ve reached a tipping point. Or maybe that cryptocurrencies have yet to go mainstream beyond the headlines because fraud still lurks. Bitcoin, of course, exists as one of the most widely recognized cryptocurrencies.
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PYMNTS
AUGUST 21, 2020
In today’s top news, $50 billion worth of cryptocurrency was transferred out of China, and Uber Health and NimbleRx have teamed on prescription delivery. Report: $50B in Cryptocurrency Moved Out of China. Plus, Amazon has put some hiring on hold for its Alexa operation. The Main Street Rescue That Wasn’t (And Still Isn’t).
PYMNTS
APRIL 2, 2020
Blockchain company Binance has acquired the CoinMarketCap cryptocurrency data tracking website, according to an announcement. The agency is seeking analysis and comment on the proposed rule changes of BOX Exchange to start Boston Security Token Exchange (BSTX) operations. BSTX is a tZERO and BOX joint venture.
Bank Innovation
AUGUST 17, 2017
Silicon Valley, New York City, and Boston all have thriving fintech communities, and are definitely worth a trip for the invested fintech entrepreneur, but the U.S. is already seeing a cluster of other fintech hubs emerge. These cities boast strong tech communities, talent pools, good coffee, and cheaper rents.
PYMNTS
DECEMBER 18, 2020
The EMTECH Modern Central Bank Sandbox will assist central banks in setting up digital currency that’s interoperable and thus can be converted to other cryptocurrencies, and is compatible with payment devices and terminals worldwide.
PYMNTS
JANUARY 15, 2021
Despite that, there have been early studies of such payment methods at the central bank’s Boston location, CoinDesk reported. And he said the private sector’s ability to create private money like bitcoin or other cryptocurrencies that led the Fed to look into all of this in the first place, CoinDesk reported.
PYMNTS
MARCH 29, 2018
In investment news, Boston-based Flipside Crypto notched $3.4 Adding to the list of cryptocurrencies that users can buy or trade on its platform, Uphold announced that it has added support for Ripple ’s XRP currency, CoinDesk reported. The company made the donation through DonorsChoose.org. In the U.S., billion, Reuters reported.
Bank Innovation
MAY 17, 2018
At the JPMorgan Technology, Media and Communications conference in Boston yesterday, Kelly said: Remember blockchain actually is not very good about facilitating low-value high-volume scale transactions, which is the core of what we do. […].
PYMNTS
AUGUST 22, 2018
To date as a group, the losses have mounted for all the cryptocurrencies out there – the ones that came to market and were snapped up and bought by speculators, and then sold. In this space just last month, we noted findings from Boston College that showed that 4,000 ICOs had raised $12 billion. Past is prologue, as the saying goes.
PYMNTS
AUGUST 14, 2020
In a speech delivered by webcast at the Federal Reserve Board and Federal Reserve Bank of San Francisco’s Innovation Office Hours, Fed Governor Lael Brainard said that the Federal Reserve Bank of Boston is working with researchers at MIT to “build and test a hypothetical digital currency oriented to central bank uses.”.
PYMNTS
AUGUST 21, 2020
Earlier this month, as PYMNTS noted , the Federal Reserve said its Boston bank is working with the Massachusetts Institute of Technology (MIT) to explore the possibility of issuing digital currency. And there’ll be quite a bit of tinkering with the technology (especially the infrastructure) and the use cases to get there.
PYMNTS
NOVEMBER 16, 2018
While the previous purchase amount threshold varied by city, it’s now set at $300,000 for each metropolitan area, covering certain counties within the following major locations: Boston, Chicago, Dallas-Fort Worth, Honolulu, Las Vegas, Los Angeles, Miami, New York City, San Antonio, San Diego, San Francisco and Seattle.
PYMNTS
JUNE 13, 2018
Commodity Futures Trading Commission (CFTC) has the power to fight fraud centered around cryptocurrencies. According to Reuters , lawyers not involved in the suit say that this case could determine CFTC’s oversight of cryptocurrencies, which are not backed by any central bank.
PYMNTS
APRIL 18, 2019
Cryptocurrency consortium Panxora is rolling out a new solution aimed at helping organizations preserve the funds they have raised through Initial Coin Offerings (ICOs). ” Boston College research , released last year, found that more than 4,000 ICOs raised a combined $12 billion to date.
PYMNTS
MARCH 22, 2019
million in investor funding, including from ICE, Microsoft’s venture capital unit and Boston Consulting Group, noted the paper. The long term aim is to regulate cryptocurrency so it can be used by consumers to make retail purchases. The ICE unit has already inked deals with Microsoft and Starbucks and has raised $182.5
PYMNTS
OCTOBER 18, 2019
The Boston-based financial group, which has over $2.8T In hopes of profiting from the lack of large, regulated institutions in the chaotic digital asset space, Fidelity is bolstering its digital currency custody business.
PYMNTS
NOVEMBER 18, 2018
It also signals an increase in the SEC’s oversight of the cryptocurrency market. It is the first time the SEC slapped companies with penalties for getting around rules via initial coin offerings (ICOs), noted Reuters in a report. Combined, the two raised $27 million selling tokens to investors.
PYMNTS
NOVEMBER 15, 2019
Users of Facebook Pay , which the company said is not related to its proposed cryptocurrency Libra, will be able to enter a preferred payment method and then use the option to eventually pay throughout all of the related apps. Amazon To Build $40M Robotics Innovation Hub Near Boston. Deutsche Bank told U.K. Money Laundering Epidemic.
PYMNTS
MAY 1, 2018
A new inquiry reportedly focuses on the cryptocurrency Ethereum, which hasn’t been in the crosshairs of regulators as of yet. Amazon Expands Boston Tech Hub; Adds 2,000 New Tech Roles. Regulators in the U.S. are considering the regulation of digital tokens outside bitcoin.
PYMNTS
SEPTEMBER 25, 2020
And as PYMNTS has previously reported , the Boston Federal Reserve has been working with the Massachusetts Institute of Technology to explore tech infrastructure. The Fed, of course, is hardly alone in mulling digital fiat currencies.
Abrigo
JUNE 27, 2023
Subsequent orders expanded the metropolitan watch areas, and this latest order includes Litchfield County in Connecticut and Adams, Arapahoe, Clear Creek, Denver, Douglas, Eagle, Elbert, El Paso, Fremont, Jefferson, Mesa, Pitkin, Pueblo, and Summit counties in Colorado.
PYMNTS
DECEMBER 11, 2018
The Wall Street Journal reports that cryptocurrency firms are laying off employees, a survival tactic in a world where crypto prices have crashed in some instances by more than 85 percent. So, crypto prices soared, crypto prices crashed, staffing levels grew and now, staffing levels are being trimmed – and, in some cases, cut to the bone.
American Banker
DECEMBER 9, 2020
The new service from the Boston-based asset manager comes at a time of soaring price increases for the world's most valuable digital asset.
PYMNTS
JUNE 29, 2020
The lawsuit goes back to October 2017, when Boston law firm Block & Leviton said it was looking into securities fraud by the Tezos ICO. The SEC, according to Cointelgraph, contends that many ICOs are unlicensed securities offerings.
PYMNTS
FEBRUARY 5, 2018
For instance, there are startups using blockchain, the distributed ledger technology behind cryptocurrencies like bitcoin, for supply chain tracking and transparency. There are all sorts of technology-driven solutions cropping up in response to this demand.
PYMNTS
SEPTEMBER 15, 2020
And here in the States, as detailed in an interview with Karen Webster, Jim Cunha , senior vice president, secure payments and fintech at the Federal Reserve Bank of Boston, told Karen Webster the joint efforts between the Fed and MIT are focused on exploring the infrastructure that would conceivably underly digital dollars.
PYMNTS
OCTOBER 12, 2020
12), Boston Federal Reserve Chief Operating Officer and FedNow Program Executive Ken Montgomery said that though the FedNow effort (focused on instant payments) is not expressly tied to a digital dollar, observers are “looking for a way to make immediate payments and make them a little more frictionless.
PYMNTS
SEPTEMBER 17, 2020
In an interview with Karen Webster, Jim Cunha, senior vice president, secure payments and FinTech at the Federal Reserve Bank of Boston — discussing joint efforts between the Fed and MIT to explore infrastructure that might underpin digital dollars — said, “Anywhere where you have a cash transaction can be a possible use case.”.
PYMNTS
OCTOBER 9, 2020
And in an interview with Karen Webster, Jim Cunha , senior vice president of secure payments and FinTech at the Federal Reserve Bank of Boston, said that joint efforts between the Fed and MIT are focused on exploring the infrastructure that would underpin a CBDC — and, at the same time, will probe various use cases.
PYMNTS
NOVEMBER 4, 2020
Toward that end, and more mainstream use cases, getting the rails in place to speed and streamline transactions, regardless of the cryptocurrency used, remains key. As spotlighted in this space , Ternio said it has joined Visa’s Fast Track as a cryptocurrency-focused enablement partner.
PYMNTS
JANUARY 17, 2018
The industry paid $321 billion in fines just through the end of last year, estimated Boston Consulting Group. The conversation turned to cryptocurrencies, where, as Webster noted, more data points may emerge that can — and perhaps should — be fed to artificially intelligent platforms to suss out nefarious activities.
PYMNTS
APRIL 20, 2018
Same-Day Delivery : It’s targeted by Target , which is expanding its options to the tune of 60 stores across Boston, New York, Chicago and other cities. Here’s another number: five billion items shipped. That’s a lot of buying, with more to come. In the final mile, Target does its level best to compete with Walmart and Amazon.
PYMNTS
OCTOBER 13, 2016
In London too, Apple Pay works on the Underground, buses and trains, and the company is keen to serve Boston, New York and other cities with tap-and-pay mobile services. Operator East Japan Railway Company alone served 17.4 Consumers can also make free peer-to-peer transfers, such as for those to pay rent or allowance.
Fintech Labs Insights
APRIL 30, 2015
There were two jumbo rounds: $50 million to cryptocurrency startup Circle and $30 million to multiple Finovate Best of Show winner MX (formerly Money Desktop). HQ: Boston, Massachusetts. Tags: Cryptocurrency, bitcoin, virtual currency, payments. Here are the deals listed by size from April 25 to April 30: Circle. million Seed.
PYMNTS
OCTOBER 9, 2020
Fed Governor Lael Brainard said in August that the Federal Reserve Bank of Boston is working with researchers at MIT to “build and test a hypothetical digital currency oriented to central bank uses.” Its plan is to release several coins backed by individual currencies. The Fed also launched an instant payment initiative in August.
PYMNTS
SEPTEMBER 3, 2018
Cryptocurrencies suffered through a rough day in mid-June, when prices plummeted fast during a few hours and wiped out a total of $15 billion in value. Crytpo’s Big Flash Crash. That represents a 6 percent crash in over a day, kicked off by bitcoin dropping $300 in just over an hour and 4.5 percent on the day. million users, up from 9.2
Fintech Labs Insights
MARCH 28, 2016
HQ: Boston, Massachusetts. Tags: SMB, security, authentication, bitcoin, contracts, legal, fraud, cryptocurrency, blockchain. Source: Crunchbase. Maxwell Health. Payroll & beneifts platform. Latest round: $22 million Series C. Total raised: $56.4 Source: Crunchbase. Real estate investment marketplace. Blockchain forensics tools.
Fintech Labs Insights
OCTOBER 19, 2015
HQ: Boston, Massecheusetts. Tags: Bitcoin, blockchain, cryptocurrency. Total raised: $4.1 Source: Finovate. Real-time investment strategies. Latest round: $2.7 Total raised: $2.7 Source: FT Partners. Asset verification . Source: FT Partners. Using the blockchain for managing records. HQ: Austin, Texas. Latest round: $400,000 Seed.
PYMNTS
JULY 20, 2017
After the initial stages of denial, during which users speculated that administrators had run off with their cryptocurrency or simply needed to conduct maintenance, customers eventually realized the site wasn’t coming back and flocked to AlphaBay’s competitors. The results of the AlphaBay takedown were more or less what you’d expect.
CB Insights
MARCH 13, 2019
New York, Boston, Chicago, and Nashville, among other cities, all played host to newly minted unicorns last year. Company Description: Circle Internet Financial is a Boston-based cryptocurrency company offering a crypto exchange platform, money transfers, and investment services. Circle Internet Financial. Valuation: $3B.
CB Insights
OCTOBER 26, 2020
In an initial coin offering (ICO), instead of going public on an exchange or raising equity financing, companies instead issue their own cryptocurrency, avoiding the need for bankers at all. Boston Consulting Group predicts, however, that only a few investment banks will ever again be able to grow to that kind of size.
PYMNTS
DECEMBER 7, 2020
The Boston Federal Reserve has been working with the Massachusetts Institute of Technology to explore tech infrastructure that would underpin digital dollar issuance. Read More On Cryptocurrency: Bitcoin Daily: India Eyes Crypto Income Tax; Ripple Unloads $15.3
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