Bitcoin News

NEWS Wednesday, June 12 — Top  cryptocurrencies  bitcoin ( BTC ), ether ( ETH ), and ripple ( XRP ) are all in the green. Cryptocurrencies on the whole are trending up today, according to data provided by Coin360. Market visualization courtesy of  Coin360 After peaking around $9,000 in May, BTC crashed down to under $8,000 but seems to be slowly recovering. BTC was  trading  just shy of $8,000 earlier today, and is now trading at $8,130 at press time. Overall, the top cryptocurrency is up by approximately 2.72% over teh past 24 hours at press time. Bitcoin 7-day price chart. Source:  Coin360 Top altcoin and number two cryptocurrency ether is trending up by over 6%, and has recovered to trade at $260 at press time. Ether, the market capitalization of which is currently $27.7 billion, dipped to $229.32 earlier this week. Ethereum 7-day price chart. Source:  Coin360 The third token by market cap, XRP, has also seen a moderate gain on the day, trading at $.401

Fidelity’s Crypto Platform In “Final Testing” The broader crypto industry was shocked on  mid-October , when Fidelity Investments, a Boston-based investment giant with tens of thousands of clients, and similarly impressive assets under management, revealed that it would be launching a pro-Bitcoin crypto platform. This platform, now known as Fidelity Digital Assets Services (FDAS), headed by Tom Jessop, was marketed as a way for Fidelity’s 13,000 institutional clients to gain access to top-of-the-line cryptocurrency custody and trade execution. While many were caught off guard by this announcement, Jessop explained in an  interview  with Laura Shin, a leading crypto journalist, that Fidelity’s Bitcoin ambitions started in 2014, when the company began to research and even test the flagship cryptocurrency. Rumor has it that Fidelity also set up a semi-mining farm, likely in a bid to understand blockchain technology more in-depth. And eventually, after years of experimentation, th