Cryptocurrency Analysis and News Portal
In this week’s newsletter, read about investment giant Fidelity planning to enter the nonfungible token (NFT) space and how Italy’s NFT market will grow. Check out how North Korean hackers use phishing websites to target NFT holders and listen to a conversation with Crypto Raiders in the NFT Steez podcast.
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Investing in the digital currency ecosystem has been considered a major gamble by most multinationals.American multinational financial services giant, Fidelity Investments has filed trademark applications to offer services in the alternate reality that will include the metaverse. As reported by The Block citing the company’s trademark filings, the firm hopes
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$4.2 trillion asset management firm Fidelity Investments has filed trademark applications in the United States for a host of Web3 products and services, including a non-fungible token (NFT) marketplace and financial investment and crypto trading services in the metaverse.This is according to three trademark filings submitted to the United States
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As the $2 trillion cryptocurrency market continues to draw interest from investors and regulators alike, the industry’s rise to mainstream is undeniable. In one of the most significant milestones in the cryptocurrency story, fidelity Investments has announced that it will begin to allow investors to put a bitcoin account in
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Several U.S. senators have called on Fidelity Investments to reconsider allowing bitcoin in 401(k) retirement plans. “The recent implosion of FTX, a cryptocurrency exchange, has made it abundantly clear the digital asset industry has serious problems,” the lawmakers told Fidelity CEO Abigail Johnson. US Senators Want Fidelity to Stop Offering Bitcoin
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"The ill-advised, deceptive, and potentially illegal actions of a few have a direct impact on the valuation of Bitcoin and other digital assets," the letter read. Source
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Fidelity Investments, one of the world’s largest brokerage firms with $9.9 trillion in assets under administration, is launching Fidelity Crypto, a service that allows retail investors to trade bitcoin and ether commission-free. “A meaningful portion of Fidelity customers are already interested in and own crypto,” the firm said. Fidelity Investments to
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Institutions' investment in crypto has increased in 2022 despite the bear market, according to a recent survey by Fidelity Digital Assets. In particular, the amount of large investors betting on Ethereum have doubled in the last two years, as revelead by Chris Kuiper, the Head of Research at Fidelity Digital Assets in
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The firm has opened the waiting list for Fidelity Crypto, its retail focussed investment product. Original Source
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Fidelity Digital Assets released its annual study on institutional investment in digital assets on Oct. 27. Digital asset fundamentals remain strong despite headwinds, the study concludes, but adoption remains highly uneven among different types of investors. In its survey of 1,052 institutional investors in Asia, Europe and the United States, Fidelity
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