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$2.1 Trillion Fund Management Firm Fidelity Launching Bitcoin Custody in Q1 of 2019

Fidelity Investments, the world’s fifth largest asset managers with $2.5 trillion under management, is launching a Bitcoin custodial product aimed at institutional investors to expand its “Digital Asset” service. Scheduled for a March 2019 launch, the offering comes after...

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Venezuela Could Set New Precedent for Bitcoin as a Medium of Exchange

Hyperinflation in Venezuela is estimated to have reached a boggling 1.3 million percent in 2018. To reconcile runaway prices, the wealthy and the technologically savvy have turned to the stock market and cryptocurrency. Venezuela’s Deteriorating Economy Turns People to...

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World’s 23rd Richest Man Invests in Cryptocurrency Exchange Bakkt’s First Funding Round

Bakkt, a digital asset platform created by the Intercontinental Exchange, has completed its first funding round, securing an investment from Li Ka-shing, a renowned Hong Kong billionaire and one of the wealthiest men on the planet. Li Ka-Shing Leads...

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