Fidelity

Fidelity Investments is preparing to roll out its own U.S. dollar-pegged stablecoin, marking a significant step forward in the asset manager's ongoing expansion into digital assets. What Happened: The Boston-based firm is finalizing tests for the token through its dedicated digital assets division...

Billionaire Elon Musk took social media platform Twitter, now known as X, private with a $44 billion acquisition that closed in October 2022. With news of potential new financing and growth, Benzinga polled readers to see what they thought a fair valuation for X is today. What Happened: X’s...

Banks who helped finance Elon Musk's $44 billion acquisition of social media platform Twitter, now known as X, are ready to sell off their loans at 5% to 10% discounts years after the deal was completed. What Happened: Musk said X saw record usage during the 2024 presidential election, but growth...

Fidelity is raising its valuation for X Holdings, the company formerly known as Twitter, after months of marking its small stake down since Elon Musk bought the social media company. What Happened: Fidelity holds a small stake in X Holdings through its Fidelity Blue Chip Growth Fund (FBGRX). Its...

Major financial institutions, including BlackRock and PayPal, increasingly invest in blockchain technology. This growing interest shapes the cryptocurrency market in new ways, but it also raises questions about the future of crypto's core principles. Ian Horne, head of content for Money20/20's...

A media company co-founded by former President Donald Trump is now worth more than Elon Musk‘s X. What Happened: Trump Media & Technology Group (NASDAQ:DJT) currently boasts a market capitalization of roughly $10.3 billion. According to the latest valuation metric from Fidelity, X is...

Amid a tech-driven stock market surge, major U.S. investment funds are being compelled to sell shares to comply with tax regulations. This move is necessary to prevent breaching rules that mandate diversified portfolios. What Happened: Investment giants like Fidelity and T Rowe Price are selling...

Fidelity Investments has disclosed a significant data breach that compromised the personal information of over 77,000 customers. The breach, which occurred in August, involved unauthorized access to the company’s systems. What Happened: Fidelity Investments reported that a data breach in...

Editor's note: This article has been updated to clarify that Elon Musk purchased Twitter for $44 billion. Fidelity was one of several companies that helped Elon Musk acquire social media platform X, formerly known as Twitter, back in 2022. The financial company may have lost money on their...

Nine spot Ethereum ETFs started trading on U.S. exchanges Tuesday, marking another milestone in the digital assets market. These ETFs, now available on Cboe, NYSE Arca, and Nasdaq, were introduced by major financial firms, including BlackRock, Fidelity, and Grayscale. The new Ethereum ETFs saw...

U.S.-based Bitcoin (CRYPTO: BTC) spot exchange-traded funds experienced net outflows for the fifth consecutive day, signaling weak investor sentiment in the world's largest digital currency. What Happened: The 11 investment vehicles tracking Bitcoin's spot price saw a net exit of nearly $140...

Bitcoin (CRYPTO: BTC) defied expectations this week, experiencing a price increase of around 3.7% even as investors pulled a significant amount of money out of Bitcoin exchange-traded funds (ETFs). What Happened: According to data from SoSoValue, the total net outflow from Bitcoin spot ETFs on...

Amid the evolving landscape of cryptocurrency investment vehicles, issuers of Bitcoin (CRYPTO: BTC) ETFs have cast doubt on the U.S. Securities and Exchange Commission’s (SEC) readiness to greenlight an Ethereum-based ETF (CRYPTO: ETH). What Happened: Issuers of Bitcoin ETFs expressed doubts...

Bitcoin (CRYPTO: BTC) spot exchange-traded funds (ETFs) continued to attract significant investment on Wednesday, with the total net inflows into these funds reaching $113 million. What Happened: However, the story within the Bitcoin ETF landscape remains nuanced. While the overall market...

Investors hoping to gain exposure to Ethereum (CRYPTO: ETH) through a U.S. exchange-traded fund (ETF) will have to keep on waiting, as the U.S. Securities and Exchange Commission (SEC) opened a three-week public comment period on proposals from Grayscale Investments, Fidelity Investments and...