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Late last year, Fidelity Investments — a financial services giant with over $2 trillion worth of assets under management and thousands of institutional clients spanning the world — revealed that it would be launching a cryptocurrency branch. Named Fidelity Digital Assets, many in the industry had h..
Tuesday was a great day for fans of the idea that the cryptocurrency market needs institutional players to succeed. On that day, yesterday, two large players in the Bitcoin space focusing on institutional adoption revealed that they would be targeting a larger swath of clients, which many investors..
News 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 platform. Per a Nov. 19 press release, the NYDFS authorized FDAS to operate as a limited liability trust comp..
News American financial services company Fidelity Investments has fully launched its cryptocurrency custody service. Abigail Johnson, CEO of Fidelity Investments, revealed the development in an interview with the Financial Times published on Oct. 18. Johnson said that the company is ready to roll ..
Last year, financial services behemoth Fidelity Investments made a massive splash in the Bitcoin scene when it revealed that it had launched a cryptocurrency-centric branch, Fidelity Digital Asset Services (FDAS). The idea with FDAS was that institutional investors could gain access to high-quality..
Mainstream media lambasts the cryptocurrency industry for housing the world’s unsavory. Incumbent President Donald Trump argued in his now infamous thread on Bitcoin and Libra that digital assets can “facilitate unlawful behavior, including drug trade and other illegal activity”. Some others in the..
News Blockchain technology company Blockstream has announced details of its Bitcoin mining services. In a blog post on Aug. 8, the company revealed two massive data centers for enterprise class co-location services, along with Blockstream Pool, using the BetterHash protocol. Its aim is to maintain..
More than half the year is behind us and the cryptocurrency ecosystem continues to move forward, showing relentless growth over the last six months. 2019 has also seen a new theme arise as speculators believe the cryptocurrency ecosystem is experiencing an influx of institutional interest and regula..
Grayscale recently released its Digital Asset Investment Report for the second quarter of 2019. The company marks a notable increase in the investment into its products, the majority of which are coming from institutional players. Institutions Are Here According to the new Q2 report of Grayscale, ..