Cryptocurrency

Fidelity, the $2.5 trillion asset manager, is diving into the world of crypto with a brand new digital assets business. The financial-services firm, which is known for its retail-brokerage and 401(k) offerings, announced Monday its cryptocurrency custody and brokerage solutions for institutions. The…

Tether is holding reserves at Bahamas-based Deltec Bank, several people familiar with the situation told The Block. The banking relationship between Tether, the company behind the stable coin of the same name, and Deltec Bank was struck in recent weeks. According to people familiar with the matter,…

Billions of dollars have been invested in blockchain startups because many venture capitalists believe that blockchain is as important an invention for the world as a whole as was the Internet and smartphones. This belief is often called the “Web 3.0 Thesis”, as proponents believe it is a…

Two of the hottest projects working on institutional crypto trading platforms have been building out their teams, The Block has learned.  Intercontinental Exchange’s Bakkt and ErisX, a Chicago-based firm, both have ambitions to dominate the institutional market for cryptocurrency trading. Bakkt,…

Recently, Bitfinex briefly banked with HSBC through a private account via Global Trading Solutions, and subsequently suspended all fiat deposits for nearly a week. Now, according to a source familiar with the matter, Bitfinex appears to be banking with Bank of Communications through a private…

The bitcoin-to-dollar exchange rate is holding above 6400-fiat as it goes towards testing major resistance hurdles to the upside. The pair moved 1.5 percent above its intraday low near 6346-fiat on Coinbase Pro while trading at over 7 percent premium rates on Tether-featuring exchanges. The volume,…

Mike Novogratz thinks Bitcoin’s long-awaited institutional investor pile-in will happen by Q2 2019 as his Galaxy Digital tests Fidelity Investments’ new custody solution. Custody Opens Road To Influx In ‘Q1/Q2’ 2019 Speaking to Bloomberg October 15, the infamously bullish Novogratz said that while…

Ripple is certainly divisive, seeming to catalyze an equal number of naysayers as it maintains influential fans. According to Chief Market Strategist, Cory Johnson, those fans may also include the highest office in US government. Media Professional Johnson, who joined Ripple Labs in March this year,…

The loss of its U.S. dollar peg isn’t the only thing driving down the market cap of tether (USDT), the cryptocurrency market’s largest “stablecoin.” Tether Falls Below Dollar Parity The USD-backed token, which as recently as late August had a circulating valuation of nearly $2.9 billion, is now…

Cryptocurrency exchange Bitfinex says it has rolled out a new process for depositing fiat currency after it halted the service last week. Crypto Exchange Bitfinex Restarts Fiat Deposits Claiming 'Improved' Process written by Daniel Palmer @…

The New South Wales state government is trialing blockchain tech from ChromaWay as part of a bid to digitize property conveyance by next summer. Australian State Eyes Blockchain Upgrade for Property Transactions written by Yogita Khatri @…

A subsidiary of Abu Dhabi Ports has partnered with Port of Antwerp for a blockchain pilot aimed to facilitate international trade. Abu Dhabi, Belgium Ports Collaborate on Blockchain Trade Pilot written by Yogita Khatri @…