Fidelity announces Bitcoin custody service live with a select group of eligible clients

source: https://twitter.com/DigitalAssets/status/1103732423722975232

Fidelity Investments, the largest asset managers firm, digital assets solution branch – Fidelity Digital Assets, announced that its Bitcoin custody service has gone live with “a select group of eligible clients”, earlier today on their official Twitter handle. The firm that aims to provide Bitcoin custodial services to institutional investors first announced this news comes almost a month earlier, stating that have selected clients whom they will be serving with their initial solutions.

The announcement read:

“WE ARE LIVE WITH A SELECT GROUP OF ELIGIBLE CLIENTS AND WILL CONTINUE ROLLING OUT SLOWLY. OUR SOLUTIONS ARE FOCUSED ON THE NEEDS OF HEDGE FUNDS, FAMILY OFFICES, PENSIONS, ENDOWMENTS, OTHER INSTITUTIONAL INVESTORS”

In their initial announcement, the solutions provider stated that they have built a strong technical and operational standards best suitable for institutions, meeting clients expectations from an investment giant. They had also stated that their initial clients are “an important part” of the “final testing and process refinement periods”. This, in turn, would help the Fidelity provide their platform services to a “broader set of eligible institutions.”

The blog post read:

“OUR MISSION IS MUCH BROADER THAN PRODUCTS. INSTITUTIONAL INTEREST IN DIGITAL ASSETS IS EXPANDING, AND THESE ORGANIZATIONS REQUIRE SOPHISTICATED CAPABILITIES IN ORDER TO PROCEED.”

This comes as a euphoric announcement to several members of the community as it marks as one of the first steps taken to open the cryptocurrency market for institutional investors. This is mainly because of the custody solutions and trading venue platform provided by the financial giant. More so, some also believe that the changes bought by institutional players of Fidelity would bring some light in the regulatory stance on Bitcoin and other cryptocurrencies.

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Bitcoin – The Currency of the Internet

Craig Wright-Related Bitcoin SV Group Controversially Rebrands as ‘Bitcoin Association’

nChain CEO Jimmy Nguyen’s bComm Association, an organization which actively promotes Bitcoin SV for merchants, has rebranded itself to the “Bitcoin Association.” While the organization has no members from the wider Bitcoin community but instead lists people like Craig Wright, Calvin Ayre, and David Li, the step signals the belief that “Bitcoin SV is the true Bitcoin.” The new Bitcoin Association, which acquired the handle “BitcoinAssn” on Twitter, offers free membership to businesses and enterprises: If you are a #Business or #Enterprise sign up to The #Bitcoin Association for freehttps://t.co/6kFUt3QEdV@BitcoinAssn @RealCoinGeek @JimmyWinMedia @nChainGlobal @_unwriter @shadders333 @that_bch_guy @ryanxcharles @EdinKuky @DanielKrawisz @BitcoinSVNode

The post Craig Wright-Related Bitcoin SV Group Controversially Rebrands as ‘Bitcoin Association’ appeared first on CCN

News – CCN

Bitcoin’s White Paper Is Not a Bible – Stop Worshipping It – Samson Mow attempts to remind us the original post to the cypherpunk mail-list was to seed awareness among a intellectual group of hackers who might help improve an idea, not to provide a project scope or precise roadmap

https://www.coindesk.com/bitcoins-white-paper-is-not-a-bible-stop-worshipping-it/

Many people acknowledge October 31 2008 as the “birth” of Bitcoin by way of the white paper. These individuals are not recognizing the birth of the first block itself, but simply the birth of the idea being made by way of a public announcement to gain critical opinion and possibly further developmental support. A few clever people took his bait.

Mow writes a good summary as to why Satoshi's idea as described on 9 pages is not a technical scope document of a major software project and this difference is helpful by providing clarity and understanding.

The actual source code for the pre-release version came out November 16 2008, and version 0.1.0 on January 9th, 2009, after the Genisis Block was created. Satoshi himself stated his code began development at least 1.5 years prior.

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Bitcoin – The Currency of the Internet