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Fidelity: 60% of Institutional Investors Believe that Digital Assets Have a Place in their Portfolio

Fidelity Digital Assets surveyed 774 institutional investors across the United States and Europe, and 80 percent of those who were surveyed found something appealing about digital assets. The research was conducted from November 2019 to early March 2020 and is the second consecutive year that Fidelity Digital Assets has conducted this survey for US institutional … Continue reading Fidelity: 60% of Institutional Investors Believe that Digital Assets Have a Place in their Portfolio

NYDFS Reviews BitLicense Guidelines to Favor Crypto Agencies

The New York Department of Financial Services (NYDFS) has reviewed its 5-year old BitLicense guidelines, which will allow blockchain-based firms to apply and receive conditional BitLicenses. The new guidelines defined in an announcement by Linda. A Lacewell, the Superintendent of the Department of Financial Services also seeks to streamline the coin’s listing procedure. The DFS … Continue reading NYDFS Reviews BitLicense Guidelines to Favor Crypto Agencies

Bitcoin’s Scarcity Feature Makes the Crypto an Aspirational Store of Value for Investors, says Fidelity Digital Assets

Fidelity Digital Assets, the crypto arm of investment firm Fidelity Investments found in its new report that many investors consider Bitcoin to be an “aspirational store of value”. The firm believes that the largest cryptocurrency has the properties of a store of value but has yet to be widely adopted. Fidelity Digital Assets was launched … Continue reading Bitcoin’s Scarcity Feature Makes the Crypto an Aspirational Store of Value for Investors, says Fidelity Digital Assets

Hong Kong SFC Agrees in Principle to License Fidelity Backed OSL Crypto Firm

Hong Kong’s Securities and Futures Commission (SFC) has agreed in principle to license the cryptocurrency firm OSL Digital Securities. Hong Kong’s financial markets regulator, the SFC has agreed in principle to issue a license to OSL Digital Securities. The cryptocurrency firm is part of the Fidelity-backed BC group and was one of the first to … Continue reading Hong Kong SFC Agrees in Principle to License Fidelity Backed OSL Crypto Firm

Fidelity Files for Bitcoin Fund After Validating Model Predicting BTC Price at $1 Million

Peter Jubber, the president and director of digital funds at Fidelity filed for a new fund dedicated to Bitcoin with the United States Securities and Exchange Commission (SEC). The Boston-based investment giant disclosed in the filing to the SEC that it will begin to offer the Wise Origin Bitcoin Index Fund through a new unit—Fidelity … Continue reading Fidelity Files for Bitcoin Fund After Validating Model Predicting BTC Price at $1 Million

Nigerian Securities Commission to Release Official Guidelines on Crypto Regulations

Nigeria’s Securities and Exchange Commission has announced that it will create a clear regulatory framework for trade in digital currencies to protect investors’ interests and to ensure transparent transactions. On Monday Sept.14, Nigeria’s capital market and investment regulator said that the cryptocurrency regulation’s aim is not to stifle innovation or hinder technology, but rather to … Continue reading Nigerian Securities Commission to Release Official Guidelines on Crypto Regulations

Why Bitcoin Should Make Up 5% of Your Investment Portfolio, According to Fidelity

Bitcoin has behaved unlike any other investment asset on the market and its stellar performance so far is only indicative of something greater. According to Fidelity cryptocurrency experts, Bitcoin (BTC) has not unleashed its full potential yet, and investors should capitalize on its current growth and consider diversifying their investment portfolio with BTC. Bitcoin’s budding … Continue reading Why Bitcoin Should Make Up 5% of Your Investment Portfolio, According to Fidelity

Uniswap Reaches $3 Billion in TVL, Anticipates Community Call to Deliberate Liquidity Mining Rewards

The Uniswap community has set a community meeting to discuss the network’s liquidity mining rewards program, as it is about to end in a week. Uniswap, the biggest decentralized exchange (DEX), with over $3 billion in total value locked (TVL), and a 23 percent dominance in DeFi is setting an unofficial community call on Nov. … Continue reading Uniswap Reaches $3 Billion in TVL, Anticipates Community Call to Deliberate Liquidity Mining Rewards

Fidelity Digital Assets Demystifies Common Misconceptions Surrounding Bitcoin

Fidelity Digital Assets, the US-based crypto arm of Fidelity, has taken it upon itself to debunk common misconceptions revolving around Bitcoin. Being a firm believer in Bitcoin as a foolproof investment as good as any, the lead research director at Fidelity, Ria Bhutoria, addressed common criticisms of the mainstream digital asset. Popular notions of Bitcoin … Continue reading Fidelity Digital Assets Demystifies Common Misconceptions Surrounding Bitcoin

Fidelity Digital Assets Head says Bitcoin Still Too Volatile To Be Store of Wealth

Tom Jessop, President of Fidelity Investments digital assets arm, told Reuters on Thursday that his firm still uses the word “potential” when describing volatile Bitcoin’s ability to act as a store of value, although many investors appear sold on the BTC as a safe haven narrative. The Bitcoin price has been flirting with $20,000 over … Continue reading Fidelity Digital Assets Head says Bitcoin Still Too Volatile To Be Store of Wealth