Fidelity Offers Ethereum Trading, Elon Slams DOGE Founder, Why Is Cardano Pumping?

Fidelity Offers Ethereum Trading

Fidelity, a large asset management firm, plans to offer Ethereum trading and custody management to its client base. The service will fall under their subsidiary investment company, Fidelity Digital Asset Services LLC.

“We’re trying not to focus on the downturns and focus on some of the long-term indicators such as demand from clients. We are trying to build infrastructure for the future because we measure success over years and decades, not weeks and months,” said Tom Jessop, President of Fidelity Digital Assets.

Fidelity Digital Assets LLC was founded in 2018 and has been on a hiring spree to double its staff. The company posted more than 110 job positions to help build the infrastructure for its digital assets trading platform. The platform will comply with regulations and operate 24/7 to trade Ethereum.

Elon Slams DOGE Founder

Elon Musk, the founder of Tesla and SpaceX, called Jackson Palmer, co-founder of Dogecoin, a Tool, on social media yesterday. Musk was responding after Palmer called him a Grifter and accused him of not understanding how to code. 

In an interview with an Australian publication, Palmer shared how he and Musk had a history. Palmer sent the tech billionaire a python code for getting rid of bots on Twitter. “It became apparent very quickly that [Musk] didn’t understand coding as well as he made out. He asked, ‘How do I run this Python [programming language] script?” said Palmer. 

In response Musk tweeted: “You falsely claimed ur lame snippet of Python gets rid of bots. Ok, buddy, then share it with the world. My kids wrote better code when they were 12 than the nonsense script Jackson sent me.”

Why Is Cardano Pumping?

Cardano, an open-source blockchain, has pumped up more than 40% this week, overtaking Ripple to become the 6th biggest cryptocurrency in terms of market capitalization. The rally is in anticipation of the highly-anticipated Vasil hard fork upgrade launching on the 29th of June. 

The Vasil hard fork will improve Cardano's scalability and make it easier for developers to build new dapps on the blockchain.

Written by Lindi Miti © Crypto University 2022