TagNYSE

What Crypto Winter? Nasdaq to Launch Bitcoin Futures Market: Report

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The world’s second largest stock exchange Nasdaq is planning to introduce a Bitcoin futures market within the first quarter of 2019. Sources told Bloomberg that Nasdaq has been cooperating with the Commodities and Futures Trading Commission (CFTC) to receive regulatory approval to operate as a compliant cryptocurrency futures market operator. The report read: “Nasdaq has been working to satisfy...

NYSE Owner’s Bitcoin Market May Have 'Hidden Leverage,' Wall Street Vet Warns

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When Intercontinental Exchange (ICE), the owner of the New York Stock Exchange (NYSE), announced that it was launching a bitcoin market, the move was met with enthusiasm by many within the cryptocurrency industry as a vindication of the legitimacy of the asset class. However, others, including some Wall Street veterans, warned that the “financialization” of bitcoin could introduce elements of the...

Interview: Wall Street Vet Warns of ICE Bringing Bad Banking Practices to Crypto

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Caitlin Long is a Wall Street professional with 22 years of experience including running Morgan Stanley's pension solutions business. Recently, Long wrote an article about the financialization of cryptocurrency by Wall Street entities, describing the new initiative by ICE (owner of the New York Stock Exchange) to launch a new Bitcoin market called Bakkt as a "double-edged sword." Long spoke with...

Bitcoin Price Dips to $6,950 Despite Crypto Foray by NYSE and Starbucks

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On August 4, after rebounding from $7,200 to $7,500, the price of Bitcoin fell below the $7,000 mark for the first time since July 18. Over the past three weeks, from July 18 to August 4, the price of Bitcoin has been relatively stable in the $7,200 to $7,500 region, recording limited volatility in the range of $300. However, on August 4, for the first time in three weeks, the price of Bitcoin...

Bitcoin Could be ‘First Worldwide Currency’: NYSE Owner

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The chief executive of the company that owns and operates the world’s largest stock exchange believes that bitcoin has the potential to be the world’s “first worldwide currency,” and he’s throwing his firm’s weight behind an ambitious plan to make that a reality. As CCN reported, Intercontinental Exchange (ICE) -- owner of the New York Stock Exchange (NYSE) -- is forming a new company, dubbed...

Breaking: World's Biggest Stock Exchange Operator is Launching a Bitcoin Market

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Intercontinental Exchange (ICE), the owner of the New York Stock Exchange (NYSE), has announced that will list a physically-settled bitcoin futures contracts and form a new company whose mission is to make bitcoin a mainstream financial asset. ICE to Launch Physically-Settled Bitcoin Futures ICE made the groundbreaking announcement on Friday, revealing that the new platform -- Bakkt -- has been...

Winklevoss Twins Poach NYSE Executive to Serve as Gemini's First CTO

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Gemini, the Winklevoss twins' cryptocurrency exchange, has joined the trend of hiring institutional trading executives for crypto exchanges by hiring Robert Cornish of the New York Stock Exchange (NYSE) to serve as its first chief technology officer. Cornish oversaw Pillar, the project aimed at revamping the NYSE's famous Big Board and its outdated electronic trading platforms. He was hired in...

Don't Tell Jamie! JPMorgan May Help Its Clients Invest in Cryptocurrency

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JPMorgan, the largest bank in the US with a $384 billion market valuation, has tasked Fintech and In-Residence programme head Oliver Harris to create various strategies the corporation could utilize to help its clients to invest in the cryptocurrency market. Motivation In 2017, JPMorgan CEO Jamie Dimon, who is often described as one of the most powerful figures in the global finance industry...

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