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Goldman Sachs Survey Shows Family Offices Are Flocking to Crypto Investments
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Fidelity’s Crypto Branch to Increase Staff by 70%, President Sees ‘More Interest in Ether’
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Fidelity Says Bitcoin Adoption Will Keep Accelerating — ‘We’ve Reached a Tipping Point’
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Fidelity Optimistic About Bitcoin Regulation Under Biden Administration — Sees Strong Institutional Demand
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‘Gold Is Rare but Not Too Rare’ – Bitcoin’s Supply Limit Hinders Usefulness, Says Steve Forbes
The American publishing executive, Steve Forbes, recently published a video concerning his thoughts on bitcoin and told viewers that the popular crypto asset is “not yet” the new gold. The business magazine’s editor-in-chief says that bitcoin’s value “remains too volatile,” and he believes the supply cap of 21 million will someday “severely hinder its future […]
The post ‘Gold Is Rare but Not Too Rare’ – Bitcoin’s Supply Limit Hinders Usefulness, Says Steve Forbes appeared first on Bitcoin News.
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Volatile Bitcoin Not a True Store of Value Just Yet, Says Fidelity Digital Assets Head
Fidelity Digital Assets president Tom Jessop says that bitcoin is not a true store of value just yet because the digital asset is still too volatile, Reuters reported. However, investors are optimistic bitcoin will attain this status. “We use the word ‘potential store of value’ as bitcoin is still extremely volatile, and by any standard […]
The post Volatile Bitcoin Not a True Store of Value Just Yet, Says Fidelity Digital Assets Head appeared first on Bitcoin News.
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US Financial Services Committee Hearing Discussed the Creation of a ‘Digital Dollar’
On June 11, 2020, the United States Congress Financial Services Committee held a remote hearing about the creation of a “digital dollar.” A number of well known individuals participated including the former Chairman of the U.S. Commodity Futures Trading Commission, Christopher Giancarlo, and members from the Electronic Transactions Association. The Covid-19 outbreak and following panic, […]
The post US Financial Services Committee Hearing Discussed the Creation of a ‘Digital Dollar’ appeared first on Bitcoin News.
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Fidelity’s Cryptocurrency Arm Starts Offering Institutional Investor Services
Fidelity Investments’ new cryptocurrency arm is now up and running. The unit, Fidelity Digital Assets, began operations earlier this quarter but didn’t make any noise about it. It has already started offering trade execution and crypto custody services to institutional investors such as hedge funds and private wealth management firms. Also read: UN Panel: North […]
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