Blockchain 

New Product Specialist Joins Fidelity to Focus on Crypto Strategy

Fidelity Investments has hired Michael Zinaman as its product specialist to further develop a range of products in the company. Fidelity’s strategy on cryptocurrencies On Nov. 12, the Block reported that Michael Zinaman had joined financial services company Fidelity Investments. Zinaman will reportedly oversee the company’s strategy on cryptocurrencies, custody and execution services. Zinaman started his new position as product specialist at Fidelity just over a month ago, where he was hired to focus on the company’s cryptocurrency strategy, according to a source with knowledge of the matter. His LinkedIn…

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Bitcoin 

Fidelity Investments Fully Rolls Out Crypto Custody Service, Exec Says

American financial services company Fidelity Investments has fully launched its cryptocurrency custody service. Abigail Johnson, CEO of Fidelity Investments, revealed the development in an interview with the Financial Times published on Oct. 18. Johnson said that the company is ready to roll out its crypto custody business following a year-long preparation and accumulation of clients. A nascent, but promising business Last fall, Fidelity specifically indicated that it would provide an enterprise-grade crypto custody service to hedge funds, family offices and financial advisors. Johnson called that kind of service nascent and…

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Blockchain 

Fidelity Affiliate Joins $3.5 Million Blockchain Firm Funding Round

Blockchain analytics firm Elementus has raised $3.5 million from backers including a sister company of crypto-friendly asset manager Fidelity Investments. Morgan Creek Digital leads fresh cash injection As Fortune reported on Sept. 23, Elementus, which launched its offering in 2017, also gained capital from Stage 1 Ventures and Robot Ventures. Morgan Creek Digital, the crypto-focused asset manager co-founded by well-known commentator Anthony Pompliano, led the round.  The tie to Fidelity came in the form of Avon Ventures, a subsidiary of the private equity arm of Fidelity’s parent company, FMR.   Blockchain-not-Bitcoin…

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Blockchain 

Fidelity Joins Blockstream’s New Institutional Bitcoin Mining Service

Blockchain technology company Blockstream has announced details of its Bitcoin mining services. In a blog post on Aug. 8, the company revealed two massive data centers for enterprise class co-location services, along with Blockstream Pool, using the BetterHash protocol. Its aim is to maintain the decentralization of the Bitcoin network. Your Bitcoin mining equipment, Blockstream’s data-centers The data centers, located in Quebec and Georgia, account for a combined 300 megawatts of energy capacity. At full capacity, populated with the latest mining rigs, this could account for around 7.5% of the…

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Ethereum 

Fidelity, Deloitte, and Amazon Now Support Workshops for DLT Startups

Major global firms Fidelity, Deloitte and Amazon, have begun supporting a new blockchain accelerator program called Startup Studio, according to a press release on July 11. The companies are backing the program along with 20 other firms, including Ethereum Foundation and ETH Global, Stellar Foundation, crypto analytics firm Messari, and Coinbase-backed NEAR Protocol, among the others. The new blockchain accelerator is an initiative of IDEO CoLab Ventures, the venture capital division of United States-based design consultancy firm IDEO. Supported by Fidelity, Deloitte and Amazon, as well as major crypto industry…

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Bitcoin 

Fidelity Investments Seeks Talent for Its Digital Assets Division

American investment management company Fidelity Investments is seeking talent for its digital asset wing, Fidelity Digital Assets, according to the company’s job offer listing. Fidelity is looking for nine professionals in fields ranging from analytics and data engineering to blockchain solutions architecture and blockchain solutions engineering. The company is hiring a Vice President of Solutions Architecture (blockchain, cryptocurrency), and a Blockchain Software Engineer among other related titles. Some of the job offerings require expertise in the areas such as cryptography, cryptocurrencies, cyber security, and data science. As previously reported, Fidelity…

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Bitcoin 

Fidelity Will Start Institutional Bitcoin Trading Within Weeks

United States $7 trillion investment firm Fidelity will reportedly roll out bitcoin (BTC) trading for institutional clients in the coming weeks, Bloomberg reported on May 6. Citing a source who asked to remain anonymous, the publication revealed Fidelity’s cryptocurrency-focused spin-off, Fidelity Digital Assets, would be adding to the existing range of services. The subsidiary launched in October 2018 and has offered cryptocurrency custody from March this year ahead of planned over-the-counter (OTC) trading. Now, the trading side will go live for Fidelity’s users in as little as several weeks, the…

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Bitcoin 

Former Coinbase Exec Appointed Head of Sales and Marketing at Fidelity

Digital assets trading and custody platform Fidelity Digital Assets has named a former Coinbase executive the head of Sales and Marketing, according to a press release published on April 10. Christine Sandler — who previously served as head of institutional sales at American major cryptocurrency exchange Coinbase — has joined Fidelity as its head of Sales and Marketing. In this role, Sandler will reportedly lead the expansion of Fidelity Digital Assets into new markets, as well as take responsibility for institutional customers service. Sandler’s former experience also includes Head of…

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Cryptocurrency 

Fidelity Digital Assets | Taking Its Time Evaluating Ethereum Support

Earlier in the year, Fidelity Investments launched its arm dedicated to cryptocurrencies. Called Fidelity Digital Assets (FDAS), the branch trades in and takes custody of digital assets. Now, according to FDAS President Tom Jessop, the platform will take its time adding support for Ethereum. Fidelity Digital Assets The platform currently has support for Bitcoin and is still evaluating what cryptocurrencies may be added in the future. Where Ethereum is concerned, the executive has expressed that the company is biding time: “We’d love to have support [for] ether but you know…

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Bitcoin 

Derivatives Giant Fidelity Investments Receives and Passes on the Lightning Torch

Financial derivatives giant Fidelity Investments received and passed on the Lightning Torch, as revealed by tweet by the company sent on Feb. 22. Just like the Olympic torch, the Lightning Torch is being passed between members of the Lightning Network community. The trend first reportedly started when Twitter user and Bitcoin (BTC) enthusiast Hodlonaut sent 10,000 satoshis (the smallest, indivisible fractions of a Bitcoin) to another Lightning user, and the user added another 10,000 satoshis and passed it on. Fidelity passed the torch to the Harvard School Blockchain & Crypto…

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