Financial services giant Fidelity is contemplating whether to let individual brokerage customers trade Bitcoin (BTC). The move follows a BlackRock partnership with Coinbase to offer crypto trading to institutional customers.

The team behind EthereumPoW (ETHPOW), a Proof-of-Work network that could be created through a fork of the Ethereum network at the time of the Merge upgrade, has announced its plans to launch its separate chain.

Popular cryptocurrency trading platform Huobi is set to delist seven different privacy-centric cryptocurrencies from its platform over regulatory pressure associated with anonymity-enhanced currencies (AECs).

Top stories in the Crypto Roundup today:

• Fidelity Considers Offering Crypto Trading to Brokerage Clients
• Ethereum Fork ETHPOW Announces Post-Merge Plans
• Huobi to Delist Monero and Other Privacy Coins
• Bitcoin Miners’ Net Flows

Fidelity Considers Offering Crypto Trading to Brokerage Clients

Financial services giant Fidelity is contemplating whether to let individual brokerage customers trade Bitcoin (BTC). The move follows a BlackRock partnership with Coinbase to offer crypto trading to institutional customers.

Fidelity launched a bitcoin-trading business for hedge funds and other institutional investors in 2018, and earlier this year started allowing corporate clients to add BTC to their 401(k) retirement plans.

The firm is now looking to bring cryptocurrency trading to more than 34.4 million brokerage accounts.

Fidelity was one of the first mainstream financial firms to support digital assets and blockchain technology. Its CEO, Abigail Johnson, has been holding weekly crypto discussions with her lieutenants for years, and the firm started mining BTC in 2015.

Ethereum Fork ETHPOW Announces Post-Merge Plans

The team behind EthereumPoW (ETHPOW), a Proof-of-Work network that could be created through a fork of the Ethereum network at the time of the Merge upgrade, has announced its plans to launch its separate chain.

A Twitter account representing the project has posted a tweet saying the “ETHW mainnet will happen within 24 hours after the Merge,” and added:

“The exact time will be announced 1 hour before launch with a countdown timer, and everything including final code, binaries, config files, nodes info, RPC, explorer, etc. will be made public when the time’s up.”

The Merge describes the Ethereum network’s current mainnet merging with the Beacon Chain’s PoS system, setting the stage for future scaling upgrades, including sharding. The move is expected to reduce Ethereum’s energy consumption by 99.95%.

The move will effectively force miners who have invested heavily in equipment to mine other networks. Several exchanges have expressed interest in listing the ETHPOW token, while others have already listed IOUs of those tokens.

The ETHPOW mainnet will launch 2,048 empty blocks after the Merge block, in a bid to ensure that the ChainID, which differentiates blockchains, switches successfully.

Huobi to Delist Monero and Other Privacy Coins

Popular cryptocurrency trading platform Huobi is set to delist seven different privacy-centric cryptocurrencies from its platform over regulatory pressure associated with anonymity-enhanced currencies (AECs).

In an announcement, the exchange revealed it will delist cryptocurrencies, including Dash (DASH), Decred (DCR), Monero (XMR), Verge (XVG), Zcash (ZEC) and Horizen (ZEN). The tokens will start being delisted on September 19, with deposit services already blocked.

Users were urged to cancel orders for these coins. The exchange will cancel any existing orders at the delisting time and credit users’ spot accounts.

The exchange noted it has made efforts to meet compliance policies in the more than 100 countries in which its service is available. The firm also terminated futures, margin, ETP, OTC, and trading bot services.

Bitcoin Miners’ Net Flows

Last month, Bitcoin miners continued their selling activity, recording a net flow os -21,300 BTC.

Bitcoin mining profitability relies heavily on the mining cost being below the price of the flagship cryptocurrency. Bitcoin’s downtrend, combined with a higher hashrate, which rose 5.28% to 212million TH/s, has forced miners to sell to sustain themselves.

Find out more about the performance of Bitcoin miners on CryptoCompare’s latest Asset Report.

State of the Crypto by Top Tier Exchange Volume

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