Fidelity Investments Files New Bitcoin Fund with SEC – August 27

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $11,292

Bitcoin price failed to break resistance at $11,500 yesterday, with price action trending down as it falls through $11,300 support.

Top-20 altcoins have again experienced mostly losses over the last 24 hours, as Ethereum remains unchanged, XRP falls 3%, and Cosmos tumbles 10%. Chainlink and Binance Coin are up 2% a piece.

Top Stories for August 27, 2020 πŸ”₯

πŸ‘‰ Fidelity Investments Files New Bitcoin Fund with SEC

Fidelity Investments president Peter Jubber is reported to have filed paperwork with the SEC regarding a new Bitcoin fund.

The fund was created this year under the name “Wise Origin Bitcoin Index Fund I” and will require a minimum investment of $100,000.

Fidelity launched their cryptocurrency desk, Fidelity Digital Assets, in 2018. They received their NYDFS-issued BitLicense last year.

πŸ‘‰ Libra Association Hires Ex-Homeland Security General Counsel

The Libra Association – the governing body for Facebook’s Libra cryptocurrency – has hired former Homeland Security general counsel Steve Bunnell as its new CLO.

The addition is one of multiple former government lawyers hired by the group, in an apparent bid to win over regulators for its cryptocurrency project.

πŸ‘‰ Major Crypto Fund Projects Polkadot (DOT) to Reach Top-3

Asian cryptocurrency fund Spartan Black have stated that they believe emerging crypto project Polkadot (DOT) could reach top-3 status by market cap.

Polkadot is already in the top 6 largest coins on the market, following a 200% rise after its Binance listing.