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Bitcoin Plunges Despite Tesla's Bitcoin Announcement and Reports of Fidelity's ETF Filing

The global cryptocurrency market is seeing a massive downturn after a bullish day was recorded across the board yesterday. In a sudden twist, Bitcoin (BTC) bears are overwhelming the market, pushing the price of the dominant digital currency down below the $54,000 psychological level. Although Bitcoin is shedding some of its gains and experiencing a … Continue reading Bitcoin Plunges Despite Tesla's Bitcoin Announcement and Reports of Fidelity's ETF Filing

Square, Paradigm, Fidelity, and Coinbase Establish Crypto Council to Lobby Regulators

Normal 0 false false false EN-US X-NONE X-NONE Crypto venture capital firm Paradigm, Square, Fidelity Investments, and Coinbase crypto exchange have established a new cryptocurrency council to lobby policymakers to support the rapidly growing crypto industry. The aim of the newly formed trade group “The Crypto Council for Innovation” is to ensure that policymakers understand … Continue reading Square, Paradigm, Fidelity, and Coinbase Establish Crypto Council to Lobby Regulators

Deutsche Boerse to Delist Coinbase Shares Citing "Missing Reference Data"

Deutsche Boerse, a marketplace organizer for the trading of shares and other securities, has revealed that it will be delisting Coinbase’s shares from both the Xetra platform and the Frankfurt stock exchange. According to a Reuters report on the matter, the delisting is necessitated due to missing reference data and will take place by the end of … Continue reading Deutsche Boerse to Delist Coinbase Shares Citing "Missing Reference Data"

Elon Musk To Deliver Starlink Within Weeks with Up to $30B Investment

Billionaire entrepreneur Elon Musk revealed his Starlink satellite internet network of SpaceX has been launched, expecting the internet broadband internet to go online globally (except poles regions) within weeks before August. Speaking at a video conference virtually for the Mobile World Congress Tuesday, where the event organized in Barcelona, Tesla CEO and founder of SpaceX Elon … Continue reading Elon Musk To Deliver Starlink Within Weeks with Up to $30B Investment

Fidelity Digital Assets to Hire 70% Staffs to Meet Rising Cryptocurrency Demand

Fidelity Digital Assets, a subsidiary of Fidelity Investment Inc., has announced plans to expand the number of its staff so that to meet the rising demands for crypto services from institutional investors, according to a Bloomberg report. The subsidiary intends to hire about 100 employees in technology and operations across Salt Lake City, Boston, and … Continue reading Fidelity Digital Assets to Hire 70% Staffs to Meet Rising Cryptocurrency Demand

Fidelity Study Shows 70% Institutional Investors Eyeing for the Crypto Market

Despite institutional investment in the crypto market evaporating, a study conducted by Fidelity Digital Assets found out that 70% of institutional investors are still eyeing this field in the future. Price volatility is considered as the biggest stumbling block to new entrants, followed by the lack of fundamentals needed to assess value and concerns around … Continue reading Fidelity Study Shows 70% Institutional Investors Eyeing for the Crypto Market

Binance Margin Sets Date to Delist AUD, EUR & GBP Pairs as Regulatory Pressures Mount

Binance, the world’s largest cryptocurrency exchange, has unveiled its plans to suspend some specific trading pairs with leading fiat currencies, including the Australian Dollar (AUD), the Euro (EUR), and the British Pound (GBP). The move, borne out of growing regulatory scrutiny from the United Kingdom, the European Union, and Australia, was announced by the trading … Continue reading Binance Margin Sets Date to Delist AUD, EUR & GBP Pairs as Regulatory Pressures Mount

Fidelity Investments Acquires $20M Stake in Bitcoin Miner Marathon Digital

Fidelity Investment Inc has divested about $20 million to acquire a 7.4% stake in Marathon Digital Holdings, a Nasdaq listed firm with a vested interest in cryptocurrency mining. Per a Forbes report, the investments were made through four of Fidelity’s indexes, including Fidelity Extended Market Index Fund (FSMAX), Fidelity Nasdaq Composite Index Fund (FNCFX), Fidelity … Continue reading Fidelity Investments Acquires $20M Stake in Bitcoin Miner Marathon Digital

Binance to Delist SGD Trading Pairs Amid Tightened Regulatory Scrutiny

Following Binance’s inclusion on the Investor Alert list by the Monetary Authority of Singapore (MAS), the exchange has now decided to stop all of its trading activities in the country. As highlighted in a Sunday blog post by the trading firm, trades involving the Singapore Dollar (SGD), payment options involving the country’s official tender will … Continue reading Binance to Delist SGD Trading Pairs Amid Tightened Regulatory Scrutiny

Asian Investors Have a Better Disposition to Crypto than Europeans and Americans, Fidelity Survey finds

A recently published survey backed by Fidelity Digital Assets Investments has showcased that Asian investors have a more positive disposition when compared to their European and American counterparts. The survey involved 1100 respondents bordering on Financial Advisors, High Networth Individuals, and Crypto Hedge Funds or Venture Capital Funds. The respondents were profiled across each of … Continue reading Asian Investors Have a Better Disposition to Crypto than Europeans and Americans, Fidelity Survey finds