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Fidelity Starts Crypto Unit to Serve Wall Street Customers

Fidelity Investments is jumping into the emerging cryptocurrency arena with a new business to manage digital assets for hedge funds, family offices and trading firms.The mutual fund giant will offer security and storage services, trade execution and customer service for digital assets, Fidelity said Monday in a statement. The firm is participating today in the […]

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Crypto Market Keeps Its Balance After Recent Sell-Off, Bitcoin Above $6,300

Sunday, October 14: crypto markets keep their balance after the recent sell-off this week, with most of the 20 top coins by market cap slightly in the green. Fluctuations on the markets in both directions have for the most part been no more than 1 percent, as data from Coin360 shows.Bitcoin (BTC) has seen slight […]

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Halfway Milestone: Crypto Trading App Robinhood Launches in U.S. State #25, Ohio

Robinhood is now in Ohio bringing the number of states that the cryptocurrency and stocks trading app is currently available in to 25.In a tweeted statement, the trading startup indicated that Ohioans can now trade various cryptocurrencies commission-free on the Robinhood app. Some of the cryptocurrencies that the users of the app can trade include […]

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Former Coinbase Executive Joins Bakkt Amid Crypto Futures Launch, Massive Anticipation

For the first time in a blue moon, crypto startup Coinbase recently saw one of its executives exit company doors, so to speak. Although some greeted this announcement with pessimism, insiders claim that the executive in question is poised to continue his immersion in the cryptosphere.Bakkt, Meet Adam WhiteOn October 4th, as reported by NewsBTC, […]

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Stocks Have Been Hit Hard, But Crypto Has Been Hit Even Harder

Global stock markets have been whipsawed as concerns grow over a trade war between the US and China, and as central bankers raise interest rates and withdraw the stimulus that’s helped push equity prices higher. Bitcoin and its crypto cousins have also plunged amid the malaise, declining even more than major equity markets from Tokyo […]

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Coinbase’s Huge Valuation Could Have Been Even Larger

Cryptocurrency exchange Coinbase made big headlines yesterday, after a Recode report that it’s closing in on a $500 million investment led by Tiger Global at an $8 billion valuation.Why it matters: This means that Coinbase would effectively quintuple its valuation from a round just 14 months ago. It’s a huge validation for the company and the […]

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The Big Hack: Statements From Amazon, Apple, Supermicro, And The Chinese Government

In emailed statements, Amazon, Apple, and Supermicro disputed summaries of Bloomberg Businessweek’s reporting. Their statements are published here in full, along with one from a Chinese foreign ministry spokesperson.AmazonIt’s untrue that AWS knew about a supply chain compromise, an issue with malicious chips, or hardware modifications when acquiring Elemental. It’s also untrue that AWS knew about […]

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Federal Reserve Chief Says Crypto is Not Used; Evidence of Activity

Jerome Powell, the chairman of the Federal Reserve, has reportedly argued about the validity of crypto as payment tools.According to the Russian Market, which first reported the statement, the FED chairman said that crypto “almost” didn’t get accepted for payments by merchants. There was no evidence that could validate that Powell made the comment, but […]

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