Massachusetts Wants to Revoke Robinhood’s License, Hits Back with Lawsuit

The bad times continue to roll on for online brokerage app Robin Hood as the state of Massachusetts seeks to revoke its broker-dealer license. State regulators state the company targets inexperienced investors to make risky trades with no limits and…

Fidelity Digital Assets Allows Bitcoin for Cash Loans

Fidelity Assets is introducing bitcoin as a custody asset with a new product that enables consumers to commit Bitcoin as security for cash loans on its digital asset custody network. Fidelity’s Foray into Bitcoin Custody Loans are issued by third-party…

Fidelity Addresses Top 6 “Persisting Bitcoin Criticisms” Part 2

Bitcoin is currently in the midst of a rally. Bitcoin has had a fantastic year by all reports, including a fall at the start of the coronavirus pandemic that saw it lose 25% in March. Since December, it’s more than…

Top 6 Persisting Bitcoin Criticisms, Fidelity Speaks Up (Part 1)

In a comprehensive blog post, Fidelity extolled the virtues of Bitcoin while dispelling common Bitcoin “FUD” (fear, uncertainty, and doubt). Fidelity focuses on the following criticisms: Bitcoin is too volatile to be a store of value. Bitcoin has failed as…

PayPal Opens Service to Cryptocurrencies

PayPal has announced that it will allow users to keep bitcoin and other virtual coins in their online wallet and buy at the 26 million retailers on their network utilizing cryptocurrencies. In an interview, President and Chief Executive Dan Schulman…

Fidelity Digital Assets: Bitcoin Should be 5% of Investment Portfolios

Fidelity Digital Assets spoke with stakeholders who are working proactively on their investing thesis, pursuing confirmation, or have yet to embark on the process in their respective digital asset journeys. As such, Fidelity compiled a range of reports which discuss…