A jury convicted Roman Sterlingov of money laundering this month. His defense team says it will appeal, saying the crypto-tracing technique at the heart of the case is “pseudoscience.”
Under CEO Abigail Johnson, Fidelity has invested heavily in blockchain technology, including a Bitcoin ETF, mining, and a custody and trading platform.
Bitcoin is up more than 40% since the start of the year, and some predict new scarcity from an impending "halving" event will drive prices even higher.