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Mutual Fund Giant Fidelity Reportedly Starting its First Bitcoin Fund


The US-based mutual fund giant Fidelity is reportedly set to launch their first bitcoin (BTC) fund targeted at high profile investors. The new filing with sparse details was made public by the Securities and Exchange Commission (SEC), and it revealed that Fidelity's head of strategy and planning...

One Giant ‘LEAP’: Saudi Arabia’s New Global Tech Event


A landmark technology event of national importance is poised to galvanise public and private organisations in the region and beyond, drive social reform and female empowerment, as well as unlock the Kingdom’s boundless investment potential for seismic economic diversification. Supported by Saudi...

Telecom Giant Says ‘Local Stablecoins, Blockchain’ Powered 19% Growth


Executives of KT Group in Seoul. South Korea is just one of the countries currently reeling from the effects of the coronavirus pandemic, with economic growth down in most sectors. But one industry – telecommunications – is booming. And blockchain-powered local stablecoins appear to be helping...

Negative USD Yield Risk Adds Bitcoin On Software Giant’s Radar


Following announcements from major mainstream investors such as Paul Tudor Jones that they are adding bitcoin (BTC) to their portfolios as an inflation hedge, a US-based major software company said that it may invest part of its cash into bitcoin and other alternative investments, citing “negative...

Visa Moving to Integrate With Digital Currency Platforms


Visa says it is working to integrate digital currencies with its existing global network of 61 million merchants. The global payments technology giant is working with two licensed and regulated digital currency platforms, Coinbase and Fold. In a blog post, Visa says the emergence of fiat-backed...

Another Chinese Giant, Meituan Dianping, Might Test Digital Yuan – Report


The rollout of China’s much-discussed central bank digital currency (CBDC) is getting one step closer, as the People’s Bank of China (PBoC) – the country’s central bank – is said to have entered into discussions with a giant online food delivery platform for a trial of the digital yuan. Citing...

Fidelity Acquires 10% Stake in Bitcoin Mining Firm Hut 8


The giant fund manager Fidelity International holds roughly 10.6% stake in the bitcoin mining company Hut 8. For six years now, Fidelity, the firm that currently manages $300 billion on behalf of its customers, has been mining the cryptocurrency bitcoin. In May 2017, news.Bitcoin.com reported...

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