The move is the latest step towards making crypto available to institutional clients by Fidelity, the parent company of Fidelity Digital Assets. Earlier this month, the giant asset management firm said it started a new Ethereum Index Fund for accredited investors, after raising about $5 million since sales started on Sept. 26. Source
Day: October 19, 2022
Fidelity’s Crypto Platform to Add Ethereum Trading For Institutional Clients
The move is the latest step towards making crypto available to institutional clients by Fidelity, the parent company of Fidelity Digital Assets. Earlier this month, the giant asset management firm said it started a new Ethereum Index Fund for accredited investors, after raising about $5 million since sales started on Sept. 26. Source AddClientsCryptoEthereumFidelitysInstitutionalPlatformTrading CryptoX Portal
Crypto Predictions Site Polymarket Taking Bets on Whether Russia Will Use a Nuclear Weapon by 2023
Polymarket detailed that “this market will resolve to ‘Yes’ if the Russian Federation detonates a nuclear device in an offensive capacity by Dec. 31, 2022, 11:59:59 p.m. ET. Otherwise, this market will resolve to ‘No.’” It added that to meet the “Yes” criteria, the detonation of a nuclear device must be in an offensive capacity, must not be a test and must either be claimed by the Russian Federation or widely accepted to be from the Russian Federation. Source
Half of all DeFi exploits are cross-bridge hacks
According to a new report by crypto data aggregator Token Terminal, approximately 50% of exploits in decentralized finance, or DeFi, occur on cross-chain bridges. In two years’ time, more than $2.5 billion have been stolen by hackers from exploiting vulnerabilities on cross-chain bridges. The amount is enormous comparison to other security breaches, such as DeFi lending hacks ($718 million) and decentralized exchange exploits ($362 million) in that period. Bridge exploits account for ~50% of all DeFi exploits, totaling ~$2.5B in lost assets These hacks can typically be attributed to smart…
MICHAEL SAYLOR LIVE @ BTC22 – Die Bitcoin Konferenz (ENGL.)
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io The legendary Michael Saylor, Executive Chairman of Micro Strategy talked live to Niko Jilch at the BTC22 – Die Bitcoin Konferenz in Innsbruck. Live-Feed starts at 00:00:15 Check out our Channels for any news, updates and soon to be released early-bird-tickets for BTC23 next year! Website: bconf.de Twitter: @thebconf Instagram: @the.bconf ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version
Investors’ Time Horizons Will Determine Their Bitcoin Positions
The significance of these factors specific to bitcoin, ether, and all digital assets is relatively straightforward. As central banks worldwide continue to raise interest rates, expectations are that economic growth will slow, ultimately putting downward pressure on risk assets. Source
Reddit Users Open 2.5 Million Crypto Wallets After Launch of NFT Marketplace
Among the total 3 million users that have opened Reddit Vault Wallets, 2.5 million have occurred since its NFT marketplace opened in July. Source
Playing Card Maker Bicycle to Feature Bored Ape #1,227 in Upcoming Collectible Deck – News Bitcoin News
Last year, when the non-fungible token (NFT) industry was frothing over, the 137-year-old playing card manufacturer Bicycle issued NFTs called the Genesis Collection and in June, Bicycle purchased Bored Ape Yacht Club #1,227. Bicycle and parent company Cartamundi Group announced on Tuesday that the playing card firm plans to launch a classic Bicycle card deck featuring the company’s Bored Ape. Bicycle Plans to Create a Bored Ape-Themed Playing Card Deck and a Physical Deck for the Genesis Collection The company that started making playing cards in 1885, Bicycle, has plans…
South Africa declares crypto to be a financial product subject to financial services law
The Financial Sector Conduct Authority (FSCA), South Africa’s financial regulator, published a notice on Oct. 19 indicating that the country’s 2002 Financial Advisory and Financial Intermediary Services Act (FAIS) has been updated to include a definition of crypto assets. A decision of this type has been expected for several months, and it brings crypto assets under regulation in South Africa for the first time. The FSCA notice, which went into force on publication in the Green Gazette (the government gazette of record), states that a crypto asset is “a digital…
Tesla Makes No Changes to Its Bitcoin Holdings in Third Quarter
Overall for the third quarter, Tesla reported adjusted earnings per share of $1.05, beating the consensus of analyst estimates reported to FactSet of $1.00 a share, on revenue of $21.45 billion, shy of a $21.98 billion estimate. Shares of Tesla were falling just over 4% to $212.83 in after-hours trading Wednesday. Original