It's a little known fact: Fidelity has been mining cryptocurrency since 2015

18 Oct, 2018
by David Borman
News
It's a little known fact: Fidelity has been mining cryptocurrency since 2015

Bitcoin Exchange Guide recently reported that after the announcement by Fidelity on the creation of the new Fidelity Digital Assets, the company quietly let it slip that they have, in fact, been mining crypto since 2015. While interesting to note, this news is neither nefarious nor in fact new.

It actually makes a lot of sense that a company like Fidelity would dip its toes into cryptocurrency before jumping in with a full fledged operation. Although the company has not disclosed how much crypto it has mined, there is no reason this reporter knows of that they should have to.

Furthermore, this is not a quiet admission by Fidelity at all. Here are two different examples of articles from a year ago that announced that Fidelity was mining Bitcoin and Ethereum.

It is absolutely important for the crypto world and would be investors alike to know that Fidelity was mining crypto long before they announced their new company. However, not because they are involved in any wrongdoing. If anything, it speaks to the fact they were doing their due diligence and laying the appropriate groundwork before diving into a new technology.

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