#Fidelity News

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Fidelity Investments Launch Institutional Investors-Focused Crypto Analytics Platform

April 30, 2021 by Ogwu Osaemezu Emmanuel at Bitcoin

Fidelity Investments has announced the launch of its digital assets analytics platform dubbed Sherlock. The firm says the platform will provide users with the technical, fundamental, and other information they need to make informed investment decisions, according to a press release on April 29, 2021. Fidelity Unveils Sherlock As the...

BlockFi officially launches its new Bitcoin Trust

Lending Firm BlockFi Launches Bitcoin Trust

February 10, 2021 by Adeniyi Olowoporoku at Bitcoin

Crypto lending platform BlockFi has revealed the launch of its Bitcoin Trust. This was revealed in a press release on Tuesday and signaled the next phase for the lending platform. Bitcoin Trust Added By BlockFi BlockFi had registered the bitcoin trust with the Securities and Exchange Commission (SEC) in January,...

Fidelity Digital to Accept Bitcoin (BTC) as Collateral for Cash Loans

December 11, 2020 by Aisshwarya Tiwari at Bitcoin

Asset manager Fidelity continues to embrace the premier cryptocurrency. Fidelity Digital to Hold BTC as Collateral for Cash Loan In what comes as the latest impetus for the adoption of the world’s largest cryptocurrency, Fidelity Digital recently announced that it would be accepting BTC as collateral for cash loans. According...

Bitcoin-Becomes-the-Main-Method-Of-International-Payment

Bitcoin Got a Lion Share from Last Week’s $429 Million Institutional Investment

December 9, 2020 by Dalmas Ngetich at Bitcoin

Institutions channeled $429 million into cryptocurrency funds and products in the first week of December according to a CoinShares analysis that was reported by Reuters on Dec 7. 5.8X Expansion on Total Asset under Management The result saw their total asset under management rose to $15 billion, a 5.8X expansion from the end...

Fidelity Digital Extends Bitcoin Custody Services to the Asian Market

October 29, 2020 by Osato Avan-Nomayo at Bitcoin

Crypto custody in Asia is about to see a further expansion as Fidelity Digital Asset Services (FDAS) extends its services to the region. Fidelity Partners with Stack Funds to Offer Crypto Custody According to Bloomberg, Fidelity Digital is set to offer crypto custodial services to high-net-worth individuals and entities in...

Fidelity Sliced Cake with Bitcoins on top

Fidelity Confirms That Bitcoin’s Volatility Is Worth It and Recommends Investing 5% of One’s Portfolio

October 14, 2020 by Evan Ezquer at Bitcoin

Fidelity Digital Assets shared a new report, published on October 13, 2020, stating that Bitcoin has a notably low correlation with other traditional assets like stocks or gold and that Bitcoin’s market cap has plenty of upside opportunities. In line with this, the firm considers investing 5% in BTC in...

How One of the Largest Institutional Whales Came Out From the Shadows

Data Shows Bitcoin, Stablecoin Whales are Making Big Moves into Exchanges

August 2, 2020 by Shaurya Malwa at Bitcoin

Exchange data from this week shows Bitcoin and stablecoin whales alike are moving huge amounts of their holdings into exchanges - suggesting bigger moves for the crypto market ahead. Bitcoin, Stablecoin Inflows Surge The crypto-bullrun is back, and some say it’s stronger than ever before. While this sentiment remains to...

Fidelity Digital Assets Expands Operations into Europe

December 17, 2019 by Aisshwarya Tiwari at Blockchain

In a press release issued on December 17, 2019, Fidelity Investment’s cryptocurrency arm – Fidelity Digital Assets – announced that it is expanding its business operations into Europe through the U.K. Capturing the Market Across the Atlantic Fidelity Investments is inarguably one of the most well-known and significant financial institutions...

Rakuten mobile wallet crypto bitcoin ether bitcoin cash

Rakuten Expands Cryptocurrency Operations, Launches Crypto Exchange

August 19, 2019 by Ashwath Balakrishnan at Finance

Rakuten Group, the largest e-commerce company in Japan, launched a crypto wallet in 2017 via Rakuten Wallet Inc, a subsidiary of the online giant. The company has announced the launch of an exchange, allowing users to trade in BTC, ETH, and BCH using a mobile wallet for Android. The iOS...

Blockstream Reveals Secret Mining Project Geared at Improving Bitcoin Decentralization

August 9, 2019 by Edoardo Vecchio at Bitcoin

On August 8, Canadian company Blockstream unveiled Blockstream Mining, a new solution to host and manage Bitcoin mining equipment at facilities located in Quebec and the United States. The project also includes a mining pool based on the BetterHash protocol. Blockstream Emerges in Mining Blockstream, a leading Bitcoin development company...

Bakkt Confirms Launch of Futures on September 23

Bakkt Confirms Bitcoin Futures Testing has Begun

July 23, 2019 by Ashwath Balakrishnan at Bitcoin

After long delays due to regulatory scrutiny, the Bakkt futures platform from the Intercontinental Exchange (ICE) has confirmed that product testing has started. As per a tweet from the company, daily and monthly futures will begin testing with participants from all over the world, July 22, 2019. Long-Awaited Announcement When...

Coinbase Exchange Set to Acquire Xapo for $50 Million

May 17, 2019 by Ogwu Osaemezu Emmanuel at Bitcoin, Business, News

Coinbase, a leading United States-based cryptocurrency exchange is rumoured to be interested in acquiring Xapo, a Hong Kong-based firm providing highly secure bitcoin custodial services to institutional investors via its cold storage vaults, for about $50 million, reports The Block on May 16, 2019. Coinbase Interested in Xapo Per sources...

Bitcoin with its foot on Paypal, leaning back with more crypto behind it

PayPal May Be Opening Up to Digital Currency

May 13, 2019 by Ashwath Balakrishnan at Adoption, Bitcoin, Blockchain, News

PayPal’s ambivalent stance over the digital currency might be changing as CFO John Rainey has stated that the payment processor has created teams to study both blockchain and cryptocurrency, as reported by Forbes on May 10, 2019. PayPal previously allowed merchants to receive payments in Bitcoin but removed functionality after...

Bitcoin Moves Towards $6,000 Mark as Momentum Remains Positive Despite “Untethered” Tether

May 6, 2019 by Alex Lielacher at News, News Digest

The price of bitcoin rallied by over nine percent week-on-week despite the revelations that market-leading stablecoin USDT is not fully backed by US dollars as we were made to believe. On Sunday evening, BTC/USD traded at $5,785. The Big Stories At the start of last week, Tether finally admitted to...

Bitcoin Walking towards a Fidelity Investments Door

Fidelity to Cater to Institutional Appetite for Bitcoin “Within a Few Weeks”

May 6, 2019 by Aisshwarya Tiwari at Adoption, Bitcoin, Finance, News

Multi-trillion asset management firm Fidelity Investments could launch its cryptocurrency trading service very soon. Citing sources in the know, Bloomberg reported on May 6, 2019, that the Wall Street juggernaut could launch its bitcoin trading service “within a few weeks.” Aiming for the Big Shots Fidelity’s cryptocurrency trading service will...

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