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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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Bitcoin Daily: Ripple’s $29M Charity Donation, Bitcoin’s ‘Death Cross’

PYMNTS

In investment news, Boston-based Flipside Crypto notched $3.4 The company plans to use the funding to develop tools and algorithms that scan the online crypto market and serve as the basis of its investment recommendations. The company made the donation through DonorsChoose.org. million in equity funding, BostInno reported. In the U.S.,

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Buying into AML risks in real estate

Abrigo

Key Takeaways Real estate markets are vulnerable to money laundering and fraud because of their transaction size and appreciation over time. The real estate market is enticing to more than just new homeowners or investors. Real estate market AML risks Real estate is a proven, traditional, and well-established marketplace.

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Amid The Losses, Taking Stock Of The Crypto Crash

PYMNTS

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.

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Bitcoin Futures Rollout In Jeopardy

PYMNTS

“We are working through the regulatory review process and are looking forward to updating the market soon,” an ICE spokesman told The Wall Street Journal. million in investor funding, including from ICE, Microsoft’s venture capital unit and Boston Consulting Group, noted the paper. Back then it was trading near $20,000.

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Fed Sees Possible Path To ‘Direct Issuance’ Of Digital Dollars

PYMNTS

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.

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SEC Charges Two Firms With ICO Violations

PYMNTS

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. The two companies that settled with the SEC are CarrierEQ and Paragon Coin Inc.

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