(FINANCIAL TIMES) - When cryptocurrency prices surged last year, this created hordes of newly minted digital millionaires. Now we are seeing some real-world consequences.
This week Fidelity, the asset manager, revealed that its clients donated US$10 billion (S$13.4 billion) to its charitable arm last year, including US$331 million of crypto asset donations, mostly Bitcoin. This was a twelvefold increase on 2020.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you