The world’s largest cryptocurrency is currently under pressure as the BTC price tanked 5% from Wednesday’s levels of around $57,000. This has pushed the BTC price sub $53,000 as the cryptocurrency’s valuations drop below $1 trillion. Interestingly, the recent BTC price correction comes despite financial giant Fidelity Investments applied for a Bitcoin ETF late Wednesday,
A Wall Street investment giant, Fidelity investment is reportedly launching its institutional bitcoin trading within a few weeks. It was first reported by Bloomberg by citing a source who is familiar with the matter. Earlier this year, Fidelity investment had first launched its Bitcoin custody service which is up and running. Fidelity Asset Management is the
Fidelity Investments Inc. began custody service for Bitcoin earlier this year in March 2019. The move suggested the increase in demand for ‘directly holding Bitcoin’ in institutional Bitcoins. Reportedly, Fidelity had conducted a survey from November 2018 to February 2019 among its 441 investors about their inclination towards Bitcoin and other cryptocurrencies. According to reports,
Joey Krug, co-chief investment officer at Pantera Capital, talks about the next bitcoin bull run that has the potential to grow 10 times as according to him the cryptocurrency is “close to a bottom.” Next Bitcoin bull rally to take crypto market cap 10x higher Currently, in the red Bitcoin is maintaining stability around $6,500.
2020 has been set as the date for the next financial crisis by the economist and experts alike that will break down everything as JPMorgan chase details the crashing we will be seeing. What role Bitcoin and cryptocurrencies will play here? The world is sleepwalking into a future crisis Everyone is talking about the impending
The world’s 4th largest asset manager of $2.4 trillion assets, Fidelity Investments that provides fund distribution, retirement services, life insurance, wealth management among other services is going to launch crypto products before this year ends as per its CEO Abigail Johnson. World’s 4th largest asset manager officially goes crypto The world’s fourth-largest asset manager Fidelity
Fidelity Investments, one of the largest investment firm has entered the crypto market by acquiring about 15 percent stake in Neptune Dash, a public traded company that offers fractional Dash Masternode ownership. Dash is hoping this will help them in price stability, boost user confidence and adoption. Fidelity owns 15% stake in Neptune Dash According