There were signs in 2019 that large institutions are moving closer to embracing cryptocurrency and blockchain technologies. Slowly but surely, institutional players are moving into the crypto/blockchain neighborhood. According to a 2019 Fidelity Investments survey, about 22% of institutional investors already have some exposure to digital assets, with most investments having been made within the […]
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WisdomTree developing a stablecoin may signal a nascent competition among leading U.S. asset managers for dominance in the crypto sector. The news that WisdomTree, a major asset manager with $63.8 billion in assets under its belt, plans to launch a regulated stablecoin — pending approval from the United States Securities and Exchange Commission — could […]
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Prices moved up and back down, yet the talent kept coming to work: Let’s take a look at a list of individuals who abandoned legacy industries and ventured into blockchain in 2019. Prominent figures from a range of long-established companies found greener pastures in the blockchain realm in 2019. From BlackRock to Goldman Sachs, and […]
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A review of Bitcoin futures volumes in the week prior to the launch of options reveals “high anticipation,” according to a note from the bank’s analysts. The United States’ largest bank believes interest will be high in CME Group’s new Bitcoin (BTC) options when they launch on Jan. 13. In a note from Jan. 10 […]
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Fidelity Digital Assets announces expansion, launching its services in Europe with registration in the U.K. Fidelity Investments’ cryptocurrency branch Fidelity Digital Assets is expanding to the United Kingdom. “We plan to provide our services to European institutional investors through our U.K.-registered entity, Fidelity Digital Assets, Ltd,” a Fidelity Digital Assets representative told Cointelegraph on Dec. […]
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Amsterdam-based bank and financial services firm ING is reportedly developing cryptocurrency custody technology. Amsterdam-based bank ING is reportedly developing cryptocurrency custody technology, Reuters reported on Dec. 12. The digital assets custody service being developed by ING is purportedly part of one of the bank’s several blockchain-related initiatives and is still at an early stage of […]
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Fidelity Digital Asset Services, LLC has procured a charter from the New York State Department of Financial Services to operate a virtual currency custody and execution platform. Fidelity Digital Asset Services, LLC (FDAS) has procured a charter from the New York State Department of Financial Services (NYDFS) to operate a virtual currency custody and execution […]
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Michael Novogratz’s Galaxy Digital launches two Bitcoin funds aiming to bring wealthy Americans to crypto markets. Michael Novogratz’s crypto merchant bank Galaxy Digital is launching two Bitcoin (BTC) funds, targeting people between the ages of 50 and 80. The new funds aim to bring “the wealth of America,” or people who may have largely remained […]
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Fidelity Investments hires product specialist to oversee the company’s strategy on cryptocurrencies, custody and execution services. Fidelity Investments has hired Michael Zinaman as its product specialist to further develop a range of products in the company. Fidelity’s strategy on cryptocurrencies On Nov. 12, the Block reported that Michael Zinaman had joined financial services company Fidelity […]
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Canadian investment fund manager 3iQ got a green light from the Ontario Securities Commission to offer a publicly-traded Bitcoin fund. Canadian investment fund manager 3iQ will now be able to offer Canadian retail investors a regulated, publicly-traded Bitcoin (BTC) fund. Bitcoin fund available to retail investors by end of year In an Oct. 30 press […]
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