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The head strategist of Fidelity Investments is leading a new cryptocurrency fund, CoinDesk reported.

“Wise Origin Bitcoin Index Fund I, LP” has a buy-in of at least $100,000. The general partner of Wise Origin is FD Funds GP, a Delaware corporation, and Fidelity’s Head of Strategy and Planning Peter Jubber is reportedly the president of FD Funds, according to the report.

Fidelity did not provide a comment on its reported links to the fund, according to CoinDesk. The fund has reportedly not brought in capital from investors as of now. Fidelity, for its part, is one of the biggest mutual fund companies in the United States.

In other news, Sberbank is said to be teaming with Russian air carrier S7 Airlines on a ticket sale technology that involves tokens and smart contracts, Cointelegraph reported.

The new technology is reportedly only geared toward business customers in its current phase of build out, and the technology aims to reduce settlement time to only 20 seconds from as long as 10 days.

The new technology is reportedly scheduled for a September launch, the outlet noted, citing local media. It reportedly harnesses a unique blockchain technology that enables firms to make smart contracts in addition to blockchain apps.

And, Shakepay has reportedly secured an insurance policy and had a “proof-of-reserves” audit, CoinDesk reported.

The Canadian digital currency exchange reportedly received the insurance through Aon for cold wallets as part of its efforts to keep the funds of clients secure. It also tapped CipherBlade, a blockchain forensics company, to hold a complete audit of security procedures and reserves, according to the report

At first, the exchange had provided a bitcoin debit card, which has since been reportedly discontinued. The company moved toward purchasing and selling in 2018 and has reportedly exceeded the 100,000-user mark. As it stands, the exchange is only available in Canada as of now, CoinDesk reported.

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(Excerpt) Read more Here | 2020-08-26 15:23:22
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