Fidelity Delves into Bitcoin, Cryptocurrency and Blockchain
A giant firm offering investment management services such as mutual funds, annuity management and fund platforms to both private and institutional investors, Fidelity International, is trying to explore Bitcoin, cryptocurrency and blockchain technology further, and this could see Bitcoin gain a lot of traction.
The US SEC Warns Against the Disclosure Statements
The United States Securities and Exchange Commission (US SEC), a self-regulating agency of the US Federal government, has cautioned the public about the use of "may" statements in advisor disclosures. On April 30 this year, the District of Columbia Court of Appeals upheld charges of slipshod abuses of the Advisers Act that were submitted by the agency’s Division of Enforcement against The Robare Group (TRG).
Cryptocurrency Community in Italy Looks Into Bitcoin Economy
After the protracted bear market for Bitcoin, confidence and optimism has once again returned to the cryptocurrency community. A widespread positive sentiment is now clearly visible in the perspectives of blockchain and cryptocurrency dealers operating within Italy. But what are some of the reasons behind the recent recovery of cryptocurrencies? Most investors have focused on concerns over capital controls in China and most especially on the security race due to global geopolitical tensions, such as the US-China trade war.
Fidelity is Mining Bitcoin, Cryptocurrency Continues Rally
Fidelity Investments Inc., an American multinational asset and financial service provider based in Massachusetts, is continuing its mining of Bitcoin (BTC), the globe’s leading cryptocurrency, according to Bitcoin developer Justin Moon.
Fidelity Presents Cryptocurrency Trading Service to Investors
A few weeks from now, the giant financial service provider Fidelity Investments will purchase and sell cryptocurrency to institutional investors, Bloomberg reports. The giant spends more than $2.5 billion annually on innovative technologies such as blockchain, crypto, artificial intelligence, etc. Bitcoin (BTC) is up over 55% in 2019.
SEC Chair Needs Basic Changes Before Crypto ETF Approval
Regardless of the unswerving rejections of Exchange-Traded Fund (ETF) applications set forth up to the present time, optimism is still high amongst some cryptocurrency users, that the imminent ETF decision may eventually be the one that is approved. That was until Jay Clayton, the U.S. Securities and Exchange Commission (SEC) chairman reassured those hopes again when he presented in a speech at Coindesk’s Consensus Invest Conference in New York.