This year will likely see more governments and central banks purchase bitcoin. That’s according to a new report on the digital asset space by Fidelity published Tuesday (Jan. 7), which argues that the world’s nation-states will be among the next “significant investors” in the most popular cryptocurrency. The report...
Fidelity raised $250 million for its first fund devoted to venture capital. The Boston-based asset manager’s latest push into the private asset space — Fidelity Venture Capital Fund I — closed with support from investment advisers, family offices and high-net-worth investors, according to a Wednesday...
Fidelity Investments reportedly shut down an online check fraud scheme similar to one that recently struck J.P. Morgan Chase by tightening some restrictions on cash management accounts Sept. 11. The firm cut the amount certain customers can deposit into their cash management accounts from $100,000...
Robinhood has reportedly begun enticing customers from more established brokers like Fidelity and Charles Schwab. The online trading platform has received about $1.1 billion in account transfers since Oct. 23, the day it began offering a 1% match on transferred brokerage accounts, the company told...
September 05, 2022
Despite strong opposition from some of the most powerful members of Congress and Department of Labor, which oversees 401(k) plans, Fidelity is still preparing to offer the option to invest in cryptocurrency on some employer-sponsored retirement plans by the end of the year. The Fidelity Digital Asset Accounts will give employers the choice to allow […]
April 02, 2025
Fidelity Investments has launched a new IRA plan that lets investors directly invest in crypto, including bitcoin, ether and litecoin. The Fidelity Crypto IRA was launched Wednesday (April 2) and joins several crypto exchange-traded funds offered by Fidelity that enable investors to track the prices of digital assets without directly investing in them, CoinDesk reported Wednesday. The new IRA […]
January 08, 2025
This year will likely see more governments and central banks purchase bitcoin. That’s according to a new report on the digital asset space by Fidelity published Tuesday (Jan. 7), which argues that the world’s...
October 02, 2024
Fidelity raised $250 million for its first fund devoted to venture capital. The Boston-based asset manager’s latest push into the private asset space — Fidelity Venture Capital Fund I —...
September 27, 2024
Fidelity Investments reportedly shut down an online check fraud scheme similar to one that recently struck J.P. Morgan Chase by tightening some restrictions on cash management accounts Sept. 11. The...