Tag: Fidelity

The price of bitcoin dropped by over 15 percent versus last week’s close after it became clear that the crypto markets will have to wait longer for a potential Bitcoin ETF to be approved in the U.S. “Crypto Mom” Provides Insights Hester Peirce, a commissioner of the SEC often referred to as “crypto mom” for her positive stance towards cryptocurrencies,…

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According to an article published by Reuters, on December 4, 2018, VC arms of Nasdaq and Fidelity Investments have funded a new cryptocurrency exchange named ErisX. The startup successfully raised a total of $27.5 million during its Series B funding round. Giants Throw Their Weight behind ErisX Per sources close to the matter, ErisX will provide users the opportunity to…

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#GivingTuesday was founded in 2012 in partnership with the United Nations Foundation to celebrate the power of donating. It is marked on the following Tuesday of Thanksgiving, Black Friday and Cyber Monday in the U.S. commencing the charitable season when people start to focus on holidays and year-end donations. While this movement has rejoicing philanthropy since 2012, this would be…

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Intercontinental Exchange (ICE), which is the parent company of the New York Stock Exchange (NYSE) has announced that it’s recently established cryptocurrency exchange, Bakkt will launch its physically-settled daily bitcoin futures contracts on December 12, 2018, according to a notice by ICE on October 22, 2018. Bitcoin Futures Gets December Launch Date As stated in the news release, ICE Futures U.S….

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Fidelity Investments, a multinational financial services corporation that manages $7.2 trillion in assets announced the launch of Fidelity Digital Asset Services, a cryptocurrency custody and trading platform for institutional investors. According to a Forbes article published on October 16, 2018, Fidelity Investment’s jump into cryptocurrencies could help the broader financial industry embrace the emerging asset. Making Cryptocurrencies More Accessible CNBC…

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Fidelity Investments is facing roadblocks on its way to being a digital currency player. While reports on June 5, 2018, suggested the institutional heavyweight is intent on building a cryptocurrency exchange, an additional report confirmed the firm’s closure of their much-celebrated cryptocurrency fund. Fidelity’s Cryptocurrency Exchange Push Fidelity has been an early adopter of cryptocurrencies and blockchain technology. Reportedly, the…

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To the glee of many crypto enthusiasts in attendance, Abigail Johnson, chief executive at Fidelity a company which manages $1.9 trillion in mutual fund assets admitted at the May Consensus Blockchain conference in New York that she’s “a huge fan of Bitcoin.” As a part of a broader presentation, Johnson went on to tell the audience that she, “loves this…

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