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Fidelity Said to Offer Cryptocurrency Trading Within a Few Weeks

Bank Innovation

The Boston-based firm, one of the largest asset managers in the world, created Fidelity Digital Assets in […].

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Crypto 2020: One Step Up; Two Steps Back

PYMNTS

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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Today In Payments: $50B In Crypto Moved Out Of China; Uber Health To Deliver Meds

PYMNTS

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).

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Bitcoin Daily: Binance Acquires CoinMarketCap; SEC Seeks Comment On BSTX Rule Change Proposal

PYMNTS

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.

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Top 5 Emerging Fintech Hubs in The U.S.

Bank Innovation

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.

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Bahamas Launches Digital Sand Dollar; Adds To Rise Of Central Bank Digital Currencies

PYMNTS

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.

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Fed’s Powell: CBDC Will Be Years, Not Months, Away

PYMNTS

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.

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