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Showing posts from October 21, 2022

Fidelity’s Crypto Platform Prepares to Start Offering Ethereum Trading Next Week

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Fidelity Digital Assets, a subsidiary of Fidelity Investments, has informed customers that it will start offering ethereum trading and custody services on Oct. 28. “Investors will be able to buy, sell, and transfer ether, accessing the same operational excellence, robust security, and dedicated client service model provided for bitcoin investments today,” the firm said. Institutional Ethereum Capabilities Coming to Fidelity Digital Assets Platform Fidelity Digital Assets has sent an email to customers announcing that it will be offering ethereum custody and trading services this month. “With the Ethereum Merge completed, many investors are looking at Ethereum through a new lens,” Fidelity Digital Assets wrote. “Wherever you are in your exploration of Ethereum and ether, its native token and currently the second-largest digital asset by market capitalization, Fidelity Digital Assets has the capabilities to help.” The investment firm added, “Institutional Ethereum capabilities are c

Bitcoin, Ethereum Technical Analysis: Strong Dollar Pushes BTC Below $19,000

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Bitcoin was once again trading under $19,000, as the U.S. dollar moved to a one-week higher versus several G7 currencies. Friday’s move saw the token fall to a key support point in the process. Ethereum was also in the red in today’s session, as prices fell for a fourth straight day. Bitcoin Bitcoin ( BTC ) was back in the red on Friday, as the U.S. dollar continued to strengthen versus several G7 currencies. Following a high of $19,315.20 during Thursday’s session, BTC /USD slipped to an intraday low of $18,945.48 earlier today. The move pushed prices of the token towards a key support point of $18,900, as price strength also declined. Looking at the chart, the relative strength index (RSI) of 14-days collided with a floor of 40.50, and as of writing is set to move below 40.00. The 10-day (red) moving average has also extended its downward trend, which could be a sign of further bearish sentiment. Should we see the RSI continue to trickle lower, there is a strong possibility t

Celestia Raises $55 Million to Solve Blockchain Modularity Challenge

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Celestia, a project that aims to solve the perceived centralization problem in current monolithic blockchains, has announced it has raised $55 million in its latest funding round. The round, which was led by Bain Capital Crypto and Polychain Capital, also saw the participation of Delphi Digital, Protocol Labs, Figment, Maven 11, and Spartan Group, among others. Celestia Raises $55 Million to Make Blockchain Deployment Easy Celestia, a project that aims to tackle the problem of blockchain deployment complexity, has announced it raised $55 million as part of combined Series A and Series B funding rounds. The company announced that the funding round was co-led by Bain Capital Crypto and Polychain Capital, with the participation of Placeholder, Galaxy, Delphi Digital, Blockchain Capital, NFX, Protocol Labs, Figment, Maven 11, Spartan Group, FTX Ventures, and Jump Crypto , among others. The combined funding round was oversubscribed four times, and according to reports, gives Celestia a