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From the time it began Bitcoin mining operation in 2016, Fidelity has been working to bring the future of cryptocurrencies into the legacy world.
Fidelity Investments CEO Abby Johnson revealed that it has become hard to track all the developments in the crypto sector since the previously discussed things are now turning out to be a reality at a fast pace. During an interview with Barron’s, Fidelity CEO says there has been an “incredibly successful” run around Bitcoin for the mutual fund giant’s custody business. She also added that business has a ‘tremendous pipeline.’
Dealbox: Evidence in 2020 Continues to Support Thesis that Multi-Trillion Digital Asset Market is Gaining Momentum GlobeNewswire
2020-12-14
Carlsbad, CA, Dec. 14, 2020 (GLOBE NEWSWIRE) (via Blockchain Wire)Â Â We are witnessing an undeniable, broad-based expansion of our financial system through the addition of digital assets to the mix.
The Association for Digital Asset Markets defines digital assets as:
AÂ cryptographically-derived digital instrument available on a public, private or permissioned blockchain or other form of distributed ledger, including without limitation instruments that represent, or facilitate the exchange of or access to, any digital or real-world asset, or any set of rights, protocols, or rules; or (ii) any option, futures contract, swap or other instrument or index, the value of which is derived wholly or principally from the value of underlying instruments meeting the description in clause (i). Digital Assets may be categorized in many
Crypto Long & Short: Bitcoin s Relationship With Gold Is More Complicated Than It Looks yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
Fidelity’s Abby Johnson is rich, powerful and largely unknown
The CEO and largest shareholder of Fidelity Investments keeps a low personal profile while commanding one of the largest financial services companies on the planet.
Abby Johnson(Dale Stephanos/Special contributor)
At 58 years old, Abby Johnson is one of the richest, most powerful people in the world of finance. Yet most people know little about her.
The chairwoman, president, CEO and reportedly the largest individual shareholder of Fidelity Investments her family’s business gives an occasional speech, spends a lot of time at events for clients and
is in regular contact with her legion of employees.
Fidelity and BlockFi Partner to Provide Bitcoin-Collateralized Cash Loans
Last Updated: 11 December 2020
Fidelity Digital Assets, the crypto-focused arm of investment giant Fidelity Investments, is expanding its service offering to customers. Per a Bloomberg report from earlier this week, the crypto investment subsidiary has partnered with top crypto lender BlockFi to disburse loans to institutional investors looking to pledge Bitcoin as collateral.
Easy Loans for Bitcoin Hodlers
As the report explained, the loans will come from BlockFi. Fidelity’s institutional custody clients will be able to get cash from their stored Bitcoin with the company. As long as they also have accounts with BlockFi, they won’t need to move their coins before getting the loans.