FIDELITY INVESTMENTS TRADING BITCOIN, WILL BITCOIN PRICE ROCKET?


The winklevoss twins are doing a bitcoin giveaway, and Asset Giant Fidelity to Launch Crypto Trading in the very new future! Let’s start the show.
Welcome back to crypto global news, thanks to tuning into today’s show – I am Edward, we would really appreciate it if you like, share and subscribe, enjoy today’s episode.
Gemini the bitcoin exchange founded by Tyler and Cameron Winklevoss, has caught the crypto contest bug. The Winklevoss twins are giving away 1 BTC to the person with the best shot of the Gemini Crypto Bus. The bitcoin price is currently hovering at approximately $5,800 and many believe it’s headed to the moon. While the competition hasn’t generated as much traction on Twitter as Tron Founder Justin Sun’s Tesla giveaway, it’s early. Tyler announced the contest this weekend. But it could be that Tron’s botched Tesla giveaway has left a bad taste in the mouths of the crypto world. Let’s see how many more people this brings toward gemini.
People do not like to think about it, but at some point, we all shuffle off our mortal coils. But one question that is now very relevant is what happens to a person’s crypto when they die? Simon Goldring, a lawyer, and partner at British firm McDermott Will & Emery, wrote a piece in The National Law Review this week talking about the function of cryptocurrencies as an inheritance. Most notably, he points out that, in Britain at least, inherited cryptocurrency is taxable. This means that if relatives receive crypto from you as part of an inheritance, they’re liable for the value of it in the form of a tax bill. Down the road, if crypto reaches its expected heights, this could be very problematic. Losing wallet addresses is one thing, but how will inheritance work with cryptocurrency moving forward?
Massachusetts Institute of Technology professor Christian Catalini is on leave and working on the development of Facebook coin. Earlier this week, news broke that social media giant Facebook is reportedly seeking investments worth $1 billion for its bespoke cryptocurrency. Reports first surfaced in May of last year that Facebook was “exploring” the creation of its own token. Catalini the Development Professor at MIT — is reportedly one of the more prominent researchers in the field of token economics. Let’s see what his influence is on the development of this new token.
The United States District Court of the Southern District of Florida has issued an order of requiring self-proclaimed Satoshi Nakamoto – Craig Wright to produce a list of his public bitcoin addresses. The order is part of an ongoing case against Wright filed by the estate of computer scientist David Kleiman, which claims that Wright stole hundreds of thousands of bitcoin. The coins were worth over $5 billion dollars in February last year, when Kleiman’s estate first sued Wright. The order illustrates a number of the plaintiffs’ requests. They ask the court to order Wright to produce a list of the public addresses of bitcoin he owned as of Dec. 31, 2013, make him identify all bitcoin allegedly transferred to a blind trust in 2011 and produce documents related to said trust. Will this legal action finally get to the bottom of whether or not craig wright is actually satoshi nakamoto?
Wall Street is moving into the crypto space. Fidelity Investments, one of the biggest asset managers in the world, will launch a crypto trading service “within weeks” according to a Bloomberg report. Fidelity says its cryptocurrency trading product is aimed at institutional traders and will initially focus on bitcoin. Fidelity spokesperson Arlene Roberts said:
“We currently have a select set of clients we’re supporting on our platform. We will continue to roll out our services over the coming weeks and months based on our clients’ needs, jurisdictions, and other factors. Currently, our service offering is focused on Bitcoin.”
Fidelity is one of the first major players on Wall Street to embrace bitcoin. The firm previously revealed plans for an institutional-grade crypto custody service and promised an over-the-counter platform for bitcoin trading.
With this level of institutional involvement in crypto currency how will this change the marketplace?
Many thanks for tuning into today’s episode, please make sure you like share and subscribe, For crypto global news I’m Edward, until next time you take it easy.

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