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Fidelity Becomes First Wall Street Firm to Launch Crypto Branch Trading Desk

Fidelity Investments has announced that it’s launching a new cryptocurrency trading arm, called Fidelity Digital Asset Services, that will handle cryptocurrency custody and trading for its customers. Fidelity Investments Announces Fidelity Digital Asset Services Today, Boston-based asset manager responsible for $7.2 trillion in customer assets, Fidelity Investments, revealed a separate new branch focusing on cryptocurrencies like Bitcoin and Ethereum called ...

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Bitcoin Payments Firm BitPay Adds Stablecoin Settlement [But Not Tether]

Bitcoin payment processor BitPay has announced that merchants may now accept settlement in USD-pegged cryptocurrency “stablecoins” Gemini Dollar (GUSD) and USD Coin (USDC), providing them with the ability to denominate their operations in cryptocurrency while remaining immune from market volatility. The Atlanta-based BitPay made the announcement on Monday, explaining that it will allow merchants in 190 countries to accept international ...

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South Korea Remains Firm on ICO Ban Despite Calls for Legality, For Now

The chairman of South Korea’s primary markets regulator has reaffirmed the authority’s initial coin offering (ICO) ban in a top-level meeting on Thursday. Financial Services Commission (FSC) Chairman Choi Jong-ku has told lawmakers during the annual government audit in a parliamentary meeting that the authority will stick to its policy of a sweeping blanket ban on fundraising through initial coin ...

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Crypto Firm Pundi X Introduces Blockchain-Powered XPhone

Crypto startup Pundi X today revealed a new blockchain-powered smartphone called the XPhone, at the ongoing XBlockchain Summit in Bali. Function X and XPhone To Bring Blockchain to Everyday Life Pundi X, best known for their NPXS cryptocurrency token, XPASS card, and Pundi XPOS point-of-sales devices for retail transactions, has announced a blockchain-powered smartphone called the XPhone. The firm made ...

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Swiss Asset Management Firm Tiberius Group AG Delays Launch of Metals-Backed Token

Switzerland-based commodities assets manager Tiberius Group AG has delayed the sale of its metals-backed cryptocurrency, Tiberius Coin, due to high fees from credit card companies, Bloomberg reported Oct. 9. The company announced its intention to issue a digital currency tied to the price of metals — copper, aluminum, nickel, cobalt, tin, gold and platinum — in late September. Tiberius Group ...

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Crypto Firm Prepares £45 Million Bid on Hull City Football Club

Yorkshire-based championship football team Hull City may be about to change hands as international bidders make their interest known in what is being referred to as a takeover in the UK media. Last weekend Paul Duffen, former chairman of Hull City AFC, announced his intention to buy the club with the backing of Saudi Arabian private investors. Duffen led Hull ...

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Goldman Sachs-Backed Firm Acquires Crypto Startup to Issue Tokenized Securities

Circle Internet Financial, one of the markets most well-known and well-funded crypto startups is acquiring crowdfunding firm SeedInvest in order to make it easier for startups to issue digital coins and to allow its customers to trade a greater variety of digital tokens. Major Development in Tokenized Securities SeedInvest was founded in 2012, and is a unique platform that allows ...

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Circle to Acquire Equity Crowdfunding Firm, Aims to ‘Tokenize Everything’

One of the world’s most valuable cryptocurrency companies has acquired a crowdfunding platform as it seeks to fulfill its goal of overseeing the “tokenization of everything.” Goldman-Backed Circle Acquires Crowdfunding Startup Circle Internet Financial, a cryptocurrency unicorn with a $3 billion valuation, has inked a deal to acquire SeedInvest, an equity crowdfunding startup that helps privately-held small businesses raise capital ...

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Coinbase’s Institutional Platform Head Leaves Firm After Five Years

Leading U.S. crypto exchange Coinbase has announced that veteran employee Adam White, head of its institutional platform group, is leaving the firm, Bloomberg reported October 4. Adam White was reportedly Coinbase’s fifth-ever employee, joining “in 2013 when the founders were still working out of a one-bedroom apartment and Bitcoin was trading around $200,” as Bloomberg notes. Prior to his work ...

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