Tag: fidelity

Jul 28 2022

U.S. Senators Condemn Fidelity Investments’ Bitcoin 401(k) In Open Letter

Three senators chastised Fidelity for offering a bitcoin 401(k) option claiming it is too volatile and untested to be used as a retirement savings tool.U.S. Senators wrote an open letter to the CEO of Fidelity regarding its bitcoin 401(k) plan.Senators condemned the financial institution for offering bitcoin as an optional retirement investment strategy. The senators also recognize the...

Jun 12 2022

Grayscale CEO says pension funds are looking to add Bitcoin

Jun 12 2022 Published at CryptoSlate under tags  fidelity forusall grayscale investments

Grayscale CEO Michael Sonnenshein said pension funds are considering Bitcoin as an asset class for diversifying their portfolio. He said this during a CNBC interview on June 10. In his opinion, the crypto market decline has not affected the interest being shown in cryptocurrency....

Jun 08 2022

Financial Behemoths Partner For New Bitcoin, Crypto Trading Platform: Report

The new trading platform from Fidelity, Citadel Securities, Virtu Financial and Charles Schwab will enable wide access to bitcoin and other cryptocurrencies.A group of financial services giants are teaming up for a cryptocurrency trading platform.Among the participants are Citadel Securities, Virtu Financial Inc, Fidelity Investments, and Charles Schwab. The platform is reportedly...

Jun 03 2022

Retirement service provider sues US Labor Department over crypto guidance

A retirement savings service provider, ForUsAll, is suing the U.S. Department of Labor over recent guidance issued to fund managers and companies that offer 401(k) holders the option to invest in crypto-assets, The Wall Street Journal...

Jun 02 2022

Fidelity is doubling its staff to introduce Ethereum offering

Fidelity Digital Assets, a subsidiary of Fidelity Investments, will double its headcount, adding 110 additional tech workers by the end of the year. The new hires, which include engineers and blockchain developers, will work on building the infrastructure needed to support services beyond Bitcoin. Ethereum is coming to Fidelity...

May 31 2022

Fidelity to Offer Ethereum Trading and Custody

May 31 2022 Published at Crypto Briefing under tags  ethereum fidelity news

Ethereum will soon be available through one of the largest asset management companies in the world. Long-Term Indicators Fidelity is planning on offering services for the custody and trading of...

May 06 2022

Senator Warren challenges Fidelity over its Bitcoin 401(k) plans

May 06 2022 Published at CryptoSlate under tags  bitcoin fidelity regulation senator warren

Senator Elizabeth Warren and Tina Smith have written a letter to Fidelity over its decision to...

May 05 2022

Binance, a16z, Fidelity and Sequoia Provide Billions In Equity For Elon Musk’s Twitter Takeover

Binance will back Elon's Twitter takeover with $500 million. Other crypto players like Fidelity and a16z will also provide equity.

Apr 29 2022

Labor Department Skeptical of Fidelity’s Bitcoin 401(k)s

A top official with the the agency in the Labor Department that is tasked with regulating and overseeing companies in their management of employees' retirement accounts has expressed concerns with...

Fidelity’s New Pension Plans Will Invest in Bitcoin

Fidelity Investments, one of the largest asset management companies and the US’s largest 401(k) plans providers, will reportedly give certain companies the option to offer their employees to save money for retirement in Bitcoin- holdings 401(k)s, according to a recent NYT report.

Apr 26 2022

MicroStrategy To Allow Employees To Invest In Bitcoin As Part Of 401(k) Plan

Fidelity Investments has created a 401(k) allowing individuals to invest in bitcoin and MicroStrategy will be the first publicly traded employer to offer it.Fidelity Investments is launching a 401(k) product offering that allows individuals to include bitcoin in their retirement plan. Bitcoin will be held in the Fidelity Digital Assets custody platform as a security measure....

Fidelity To Allow Bitcoin Additions to 401(k) Accounts Later This Year

Fidelity Investments will allow U.S. citizens to add bitcoin to 401k retirement accounts later this year. The change brings much more exposure to bitcoin and could spur a new wave of adoption. ETFs are also helping bitcoin make more progress with getting into the mainstream. Fidelity Investments is now allowing its clients to add bitcoin investments to its 401(k) accounts. This is a...

Fidelity Adds Bitcoin to 401(k) Accounts

Reading Time: 2 minutes Fidelity will add Bitcoin to 401(k) accounts later this year The investment giant is the first such company to offer exposure to a Bitcoin 401(k) Fidelity first got into Bitcoin in 2019 with a custody service In a move that has long...

Fidelity To Allow Bitcoin Investments In Retirement Plans: Report

Investment giant Fidelity will reportedly enable its 23,000 business clients to offer Bitcoin accounts for their workers’ 401(k)s later this year.Fidelity Investments plans to allow investors to allocate part of their 401(k)s into bitcoin later this year, according to a report by...

Apr 21 2022

Fidelity Opens Building in the Metaverse to Attract Younger Investors

Fidelity, one of the largest financial service providers in the world, announced on Thursday that it had inaugurated a virtual building in the metaverse that offers financial education and dancing ...

Mar 30 2022

Ripple & Greenpeace Join Forces For Ridiculous Campaign To Change Bitcoin To PoS

Who’s Chris Larsen trying to fool? Even though the Chairman of Ripple claims that “the company is not involved in this campaign,” their latest PR stunt is as obvious as it gets. Another million-dollar attack on bitcoin, once again using the ESG angle and a set of...

Mar 23 2022

Fidelity Lists Bitcoin ETPs at SIX Swiss Exchange

Fidelity Exchange Traded Products GmbH has listed two new Bitcoin ETPs in US Dollar and Swiss Franc at SIX Swiss Exchange today, the platform confirmed in a press release.

Feb 15 2022

Fidelity International Launches Bitcoin ETP In Europe

Feb 15 2022 Published at Bitcoin Magazine under tags  bitcoin business etp europe fidelity

The bitcoin exchange-traded product lists on the Deutsche Boerse today, carrying a 0.75% fee.Fidelity International launched a bitcoin exchange-traded product in Europe to meet increased demand from institutions.FBTC lists on the Deutsche Boerse today and on the SIX Swiss exchange in the coming weeks carrying a 0.75% fee.Fidelity International has been operating as an independent firm...

Feb 08 2022

Investor Focus Misdirects Fidelity ‘Bitcoin First’ Report

A recent report from financial services giant Fidelity captures Bitcoin as an asset class of its own, but fails to recognize its true potential.On January 18, financial services giant Fidelity published “Bitcoin First: Why Investors Need To Consider Bitcoin Separately From Digital Assets,” written...

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