Gemini resolved Bitcoin withdrawals issue

Gemini cryptocurrency exchange reported that the issue was solved after having countinuously experienced problems with Bitcoin deposits and withdrawals
09 January 2018   599

In the beginning of January 2018, Gemini, a New York based digital asset exchange and custodian that allows customers to buy, sell, and store digital assets, has several times reported having issues with Bitcoin deposits and withdrawals.

The problems were related to a delay in block mining on the Bitcoin Network, and the users of the exchange were not able to deposit or withdraw money, while the exchange stated that all customers' assets remained secure, and the network recovery was expected soon.

At the moment of press, these are main market parameters of Bitcoin:

  • Average price: $15 370,30
  • Marketcap: $258 086 934 132
  • 24h volume: $18 602 400 000

Fidelity Investments to Launch BTC & ETH Platform

New platform is designed for institutional investors
16 October 2018   121

One of the world's largest asset managers, Fidelity Investments, announced the launch of a unit focused on providing institutional investors with Bitcoin and Ethereum services. The Forbes reports.

The new division received the name Fidelity Digital Assets and, possessing a staff of 100 employees, will provide a platform for trading cryptocurrencies and consulting services 24/7.

The platform already has first customers, but its launch for a wider range of investors is scheduled for the beginning of 2019.

This is a recognition that there is institutional demand for these assets as a class. Family offices, hedge funds, other sophisticated investors are starting to think seriously about this space.

Tom Jessop

Founding head, Fidelity Digital Assets

In particular, Fidelity Digital Assets will offer a transaction service that, using internal cross-connect and order routers, will trade through third-party liquidity providers.

One of the most popular offers by the company can also be a service for storing Bitcoin and other cryptocurrencies. It is physical storage, distributed in different geographical locations and offering the so-called "cold" storage of digital assets. This way of storing cryptocurrencies without access to the Internet and with a multi-level control system is considered to be one of the safest and most resistant to hacking today.

As the CEO of Fidelity Investments, Abigail Johnson, said, the goal of the new platform is to make digital assets like Bitcoin more accessible to investors.

Fidelity Investments is considered the fifth largest asset manager in the world, offering investment and custody services to 13,000 consulting firms and brokers. In total, the company manages assets worth $ 7.2 trillion.