Fidelity Digital Assets (FDAS), the Bitcoin-centric arm of investment firm Fidelity, has entered a partnership with a London-based crypto asset manager in bullish move to expose Bitcoin to institutional investors in Europe. Fidelity’s Europe Push FDAS will act as a custodian for Bitcoin held by Nickel Digital Asset management, the two companies announced. The partnership is designed to help address the lack of back-office services such as custody of cryptocurrencies among major financial providers in a bid to bring the coins more into the mainstream. Launched in 2018, FDAS offers…
Day: January 14, 2020
Fidelity’s Crypto Team Just Forayed Into Europe, and It’s Bullish for Bitcoin
Fidelity Digital Assets (FDAS), the Bitcoin-centric arm of investment firm Fidelity, has entered a partnership with a London-based crypto asset manager in bullish move to expose Bitcoin to institutional investors in Europe. Fidelity’s Europe Push FDAS will act as a custodian for Bitcoin held by Nickel Digital Asset management, the two companies announced. The partnership is designed to help address the lack of back-office services such as custody of cryptocurrencies among major financial providers in a bid to bring the coins more into the mainstream. Launched in 2018, FDAS offers…
MARKETS DAILY: Crypto News Roundup for Jan. 14, 2020
Whether you’re a first-time listener or you’ve heard every episode, we’d like to know what you think about the show. What do you like? What don’t you like? What do you think we’ve totally missed but should be talking about every day or at least every week? Disclosure Read More The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and…
Storming the Gates: How ‘Crypto Davos’ Became a Thing
How the crypto industry can (and has) influenced the premier gathering of the world’s economic and political elite. Source
United Africa Blockchain Association Plans to Fire Up Blockchain Adoption
The United Africa Blockchain Association (UABA) through its events and training programs, has the vision to educate one million people across the African continent about the impact of blockchain technology over the coming years. “Our training & mentorship programs enable students to learn about how blockchains work as an enterprise solution. Other initiatives we run include diversity and inclusion, open finance, and digital asset management working groups,” said UABA’s chairperson, Yaliwe Soko. The association’s regular events attract thousands of tech enthusiasts and introduce members’ blockchain projects to the masses. The…
SEC Warns Crypto Investors of Initial Exchange Offerings in New Note
The U.S. Securities and Exchange Commission published a new warning against initial exchange offerings (IEOs) Tuesday. According to the notice, IEOs are similar to initial coin offerings (ICOs), many of which the agency has been investigating as unregistered securities offerings over the past several years. While IEO providers may claim their sales are different from ICOs, they may still violate federal securities laws, the SEC said. As such, the agency warned investors to “be cautious” if they are considering investing in an IEO. “IEOs are being touted as an innovation…
What It Takes to Get a Crypto-Friendly Bank Charter in Wyoming
It’s been more than three months since Wyoming began taking applications to charter a new type of crypto-friendly bank, and no company has announced its application while a handful of firms have indicated an intent to apply. This hasn’t cooled hype around the charter’s potential. In October, Colorado announced plans to draft special-purpose banking legislation to cater to crypto companies. At CoinDesk’s Invest conference in New York in November, the SPDI charter was touted as a superior substitute for New York’s BitLicense. One month later, crypto exchange Kraken opened a…
Texas Securities Board Added Cryptocurrencies to List of Top Threats to Investors
Texas regulators have included cryptocurrencies in their list of top threats to investors, according to the latest Texas Investor Guide. In its tenth anniversary edition of the State Securities Board’s “Texas Investor Guide: Strategies for Investing Wisely and Avoiding Financial Fraud,” the regulator added cryptocurrency to the list of investments that raise red flags and require careful scrutiny. The document specifically outlined that cryptocurrencies are extremely volatile and difficult to understand for a non-professional trader. The purported threats Among the purported threats, the report pointed out investment opportunities in cryptocurrency…
Is a Price Correction Imminent?
Bitcoin (BTC) has been showing strength recently, as it surged from $6,900 to $8,500 in a matter of two weeks. Not only has Bitcoin sees a period of growth, but privacy coins and Bitcoin forks have also been showing a similar move. Crypto market daily performance. Source: Coin360 Dash (DASH) is up 70% in four days, while ZCash (ZEC) is up 45% in the same amount of days. Also, Bitcoin Cash (BCH) has seen an increase of 54% in the past ten days, while Bitcoin SV (BSV) is up 300%…
Bitcoin Price Hits 2-Month High at $8.7K as 3 Bullish Factors Converge
Bitcoin (BTC) surprised traders and analysts alike on Jan. 14 after BTC/USD broke out of its already bullish channel to strike at resistance levels near $8,600. Cryptocurrency market daily overview. Source: Coin360 BTC climbs 2% in an hour Data from Coin360 and Cointelegraph Markets showed Bitcoin jump 2% in just over an hour on Tuesday to hit local highs of $8,745. A slight retracement followed, with the pair circling $8,700 at press time amid heightened volatility. Bitcoin 1-day price chart. Source: Coin360 The latest leg up brings Bitcoin’s 24-hour gains…