Acting SEC Chief Considers Dropping Proposed Biden-Era Crypto Custody Rule

The Securities and Exchange Commission (SEC) is considering the possibility of eliminating a proposed rule regarding cryptocurrency custody. The rule in question aimed to regulate the custody of digital assets by broker-dealers and was put forth in light of the evolving landscape of digital assets within the financial industry. However, the SEC has now raised [...]

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SEC Considers Dropping Requirement for Crypto Firms to Register as Exchanges

The Securities and Exchange Commission (SEC) is considering dropping the requirement for cryptocurrency firms to register as exchanges. This potential move could have significant implications for the crypto space, as it may lead to fewer regulatory hurdles for companies operating in the sector. The SEC’s current stance on cryptocurrency exchanges has been a topic of [...]

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Report: US Housing Department Considers Using Blockchain and Stablecoin for Grant Payments and Monitoring

The Department of Housing and Urban Development (HUD) is exploring the use of blockchain technology and stablecoin payments to track and monitor grants, as reported by ProPublica. This move aims to enhance transparency and efficiency in managing funds for housing programs. Blockchain technology, known for its secure and decentralized nature, can revolutionize the way grants [...]

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Fidelity considers Bitcoin trading for brokerage clients- WSJ

Fidelity Investments, a leading financial services provider with an increasing visibility in the crypto and blockchain investing space, is reportedly considering allowing its customers access to crypto brokerage trading.

A report by the Wall Street Journal cites sources familiar with the matter as noting that the investment giant is planning to offer individual investors the chance to trade Bitcoin (BTC) on its brokerage platform.

Fidelity launched its Bitcoin trading product for institutional investors in 2018 and recently added an offering that allows corporate clients to save Bitcoin on their 401(k) accounts. The firm has also launched various crypto-related investment products across Europe amid greater demand from institutional investors.

The latest move could therefore see the company bring the digital asset to millions of its brokerage account holders, WSJ reported.

Indeed, according to the report, going through with the said plans could see Fidelity offer crypto trading to millions of people – currently the company has over 34.4 million brokerage accounts.

As Invezz reported in August, investment asset manager BlackRock partnered with crypto exchange Coinbase to provide crypto custody, trading and brokerage to its institutional customers. BlackRock will offer the services via its investment management arm Aladdin.

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Crypto Flipsider News – September 24th – U.S. Passes NDA With Crypto Provision, TIME Magazine Breaks Gas Fees, BoE Considers Tough Crypto Rules, Investors Move from BTC to ETH Futures

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Continue reading Crypto Flipsider News – September 24th – U.S. Passes NDA With Crypto Provision, TIME Magazine Breaks Gas Fees, BoE Considers Tough Crypto Rules, Investors Move from BTC to ETH Futures at DailyCoin.com.

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Is the Crypto Market Close to Hitting Rock Bottom? VC Firm Considers.

The crypto venture capitalist is contemplating the state of the crypto market, suggesting that it may be approaching a local bottom. This analysis comes at a time when many investors are wondering about the future of the volatile market. While there is still uncertainty surrounding the direction of cryptocurrency prices, the investor’s assessment could provide [...]

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Justin Sun Sparks HTX Feud as India Reconsiders Stance on Cryptocurrency: Asia Express

Justin Sun, the founder of TRON and CEO of BitTorrent, has recently found himself embroiled in a feud with HTX, a controversial blockchain project. The beef between Sun and HTX has escalated, drawing attention from the cryptocurrency community in India and across Asia. The animosity between Sun and HTX reportedly stems from conflicting ideologies regarding [...]

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Kraken Considers Launching USD Stablecoin Amid MiCA Regulation, Impacting USDT: Report

Kraken Considers Removing Tether (USDT) Stablecoin Following Regulatory Concerns Cryptocurrency exchange Kraken is reportedly considering delisting the popular stablecoin Tether (USDT) due to regulatory uncertainties and concerns. This move comes in the wake of increased scrutiny on stablecoins in the crypto market. Kraken’s potential decision to remove Tether (USDT) comes amidst growing regulatory pressure on [...]

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Trump considers sharing 20% of DOGE savings with Americans

The former President of the United States, Donald Trump, is reportedly exploring the idea of implementing a 20 percent discount for Americans who invest in Dogecoin. This initiative aims to provide financial relief to citizens who are looking to save money while also encouraging the adoption of cryptocurrencies like Dogecoin. By offering a discount on [...]

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Wyoming Highway Patrol Union Considers Incorporating Bitcoin into Financial Portfolio: News Report

Wyoming Highway Workers Union’s Bitcoin Balance Sheet Plan The Wyoming Highway Workers Union is considering a unique financial strategy that involves incorporating Bitcoin into its balance sheets. This innovative move could potentially revolutionize the way unions manage their financial assets and investments. By diversifying their balance sheets with Bitcoin, the union aims to safeguard against [...]

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