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Tag Archives: fidelity

Fidelity to Enter The Metaverse With Latest Trademark Applications

On Dec. 27, licensed trademark attorney Mike Kondoudis revealed the latest crypto trademark applications from Fidelity Investments. There were three applications filed broadly covering Metaverse technologies and services, NFTs and marketplaces, virtual land, and cryptocurrency trading. The first relates to digital media and NFTs, and the second is the provision for an online marketplace for the sale of NFTs. #Fidelity has plans for the metaverse! The company has filed 3...

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Fidelity Offers Commission-Free Crypto Trades with a Catch

Fidelity Investments is getting ready to offer both bitcoin and Ethereum trading to retail investors. The good news is that all trades will be commission free, though anybody seeking to engage in digital currency trading is likely to still pay a one percent fee on all the money they exchange. Fidelity Isn’t Being Entirely Forthcoming About Its Fees The 401K giant announced that roughly one percent fees will be attached to all transactions. Javier Paz – director of data...

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US Lawmakers ‘Strongly Urge’ Fidelity to Reconsider its Bitcoin 401(k) Initiative

The American senators – Elizabeth Warren, Tina Smith, and Richard Durbin – advised Fidelity Investments to reconsider its decision to allow investors to add bitcoin to their retirement 401(k) plans. One of the largest mutual fund companies in the US has heavily engaged in the crypto sector in the past few years. It recently considered providing bitcoin trading services to individual investors on its brokerage platform. A Renewed Warning After FTX’s Fiasco Fidelity Investments...

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Fidelity, ForUsAll Start Rolling Out Crypto for Retirement Plans

Fidelity –  a $4.5 trillion asset manager– said this fall that some of its 401(k) retirement plans have begun adding Bitcoin to their investment menus. Similarly, San Francisco-based 401(k) provider ForUsAll said that 50 of its 550 clients started letting workers put their retirement savings in Bitcoin and Ethereum about eight weeks ago.  Here’s what market participants have to say about the emerging trend. Crypto for Retirement: Is it Popular? When Fidelity first announced...

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Fidelity to Offer Bitcoin and Ethereum Trading to Retail Investors

Investment giant Fidelity appears to finally be granting its retail investors access to Bitcoin and Ethereum trading.  The $4.5 trillion asset manager has established an early access waitlist for users to trade both assets, bringing potential crypto access to 34 million investors. The service, titled Fidelity Crypto, will also provide investors with beginner-friendly educational resources about the crypto industry. Users will be able to trade stocks within the same app....

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Bear Market Didn’t Hurt Crypto Fundamentals, Claims Fidelity

On Oct. 27, the portfolio and asset manager published its “2022 Institutional Investor Digital Assets Study,” an annual report shedding light on the crypto industry from an institutional perspective. The research revealed that the market is now well-positioned to weather the macroeconomic headwinds it has faced in recent months. Fidelity Digital Assets President, Tom Jessop, commented: “We believe that digital assets fundamentals remain strong and that the...

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Fidelity’s Crypto Arm to Provide ‘Institutional Ethereum Capabilities’

Fidelity Digital Assets – the cryptocurrency subsidiary of the finance giant Fidelity Investments – will allow its institutional clients to trade Ether (ETH). The service will be available on the company’s crypto platform from October 28, 2022. Fidelity Expands its Crypto Scope Earlier this month, the company doubled down on its cryptocurrency efforts by introducing an Ethereum Index Fund. In a recent Twitter announcement, Fidelity Digital Assets revealed the launch of...

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