City Boston Financial News

Harvard University's special admissions treatment for students whose parents are alumni, or whose relatives donated money. And in a complaint filed Monday, a legal activist group demanded that the federal government put an end to it, arguing that fairness was even more imperative after the Supreme Court last week severely limited race-conscious admissions.

Fidelity Investments is the latest financial services heavyweight to throw its name into the race to offer the first U.S. exchange-traded fund investing directly in bitcoin. 

Fidelity Investments is planning to convert six more of its mutual funds into exchange-traded funds, adding to a trend that’s affected nearly $100 billion in assets. 

place. Meanwhile, those eyeing Fireworks Spectacular ahead, the DCR Hatch Shell on the Esplanade in Boston will host the 2023 edition of the Boston Pops Fireworks Spectacular. The much-anticipated annual concert will commence at 8 pm, followed by a 30-minute fireworks show starting at 10:30 pm.

Asset manager Fidelity is expected to file with the U.S. securities regulator for a spot bitcoin exchange-traded fund, joining other big money managers seeking to launch bitcoin ETFs, the Block reported on Tuesday citing a source familiar with the matter. In the past two weeks, BlackRock, WisdomTree, Invesco, VanEck, and Bitwise have filed new applications with the U.S. Securities and Exchange Commission (SEC) for spot bitcoin ETFs, sending the price of bitcoin to a more than one-year high of over $31,000 on June 23. Fidelity declined to comment. The Boston-based financial firm is also part of a consortium that includes market makers Citadel Securities and Virtu Financial, retail broker Charles Schwab, and venture capital firms Paradigm and Sequoia Capital, which recently launched a crypto exchange called EDX Markets.

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Many Americans are mistaken about their financial preparedness for retirement. But overconfidence skews higher for the wealthy than for others, according to a new report.

The crypto industry is a constantly evolving sector. What may be the standard today can easily be very different tomorrow. Therefore, it is crucial for companies and platforms like crypto exchanges to stay on the cutting edge and implement new innovations.

A London developer is denying claims from a Boston hedge fund, that it reneged on a deal over joint acquisition of a part of the city's Royal Albert Dock.

Tokenization is one of the biggest trends in blockchain, following decentralized finance (DeFi) or nonfungible tokens (NFTs). The transition of real-world assets to the blockchain, including equity and debt, can change financial markets by bringing more liquidity and making the trading process cheaper and more automated.

Wellington Management has slashed 5% of its employees, as asset managers follow large investment banks with workforce reductions.

Around $100 billion a year or more could be saved if distributed ledger technology (DLT) was used in traditional markets, claims a new report from the Global Financial Markets Association (GFMA).

As digitalization takes over the financial industry, tokenization is becoming an integral part of tomorrow’s capital market. While making use of blockchain technology, tokenization securitizes assets in a digital way and creates a flurry of opportunities for assets, markets and potential investors.

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A systems architect cracked a seed phrase and won a 100,000 Satoshi bounty, or 0.001 Bitcoin (BTC), worth $29, in just under half an hour. Cointelegraph spoke to Andrew Fraser in Boston, who underscored how critical it is to keep a Bitcoin wallet seed phrase secure and offline. 

State Street’s stock fell 6% in premarket trades after the Boston-based financial giant missed consensus estimates for first-quarter profit and revenue on lower fee revenue, amid turmoil in the banking sector.

Hong Kong-based digital asset firm HashKey Group has enhanced its Over-the-Counter (OTC) trading business and launched a new wealth management business line amid increasing investor demand. 

Hong Kong-based digital asset firm HashKey Group has launched a new wealth management platform geared toward professional and institutional investors.

In this article

New York’s Nasdaq Stock Exchange is planning to launch a crypto custody service by the end of the second quarter, Bloomberg reported on 24 March.

Humanoid robots are advanced robots that are designed to look and move like humans. They are often equipped with sensors and cameras that allow them to recognize human faces and emotions, respond to voice commands and carry out conversations. Humanoid robots can be programmed to perform a wide range of tasks, such as assisting humans in daily activities, working in manufacturing plants, providing healthcare services, and performing search and rescue operations in hazardous environments.