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Wall Street Adopting Bitcoin Will Lead Crypto Market to Surge: Brian Kelly

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Brian Kelly, a prominent cryptocurrency trader, contributor to CNBC’s Fast Money, and founder of BKCM, stated on the May 9 Fast Money show that the adoption of bitcoin by Wall Street’s biggest financial institutions such as the New York Stock Exchange (NYSE) and Goldman Sachs will lead the cryptocurrency market to surge in the short- to mid-term. Kelly is Shocked Earlier this week, as CCN...

NYSE Isn’t Planning a Bitcoin Futures Market, But a Proper Crypto Exchange

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According to a report by the New York Times, the world’s biggest stock exchange New York Stock Exchange (NYSE) is planning to operate a proper cryptocurrency trading platform. Beating Goldman Sachs and Nasdaq to the Punch On May 3, CCN reported that Goldman Sachs is entering the bitcoin market by launching a futures market targeted at investors in the traditional finance sector and stock market...

People Trust Satoshi Nakamoto More than US Federal Reserve: NYSE Owner

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International Exchange Inc. (ICE), the owner and operator of the New York Stock Exchange (NYSE) is keeping an eye on the nascent cryptocurrency trading markets. Speaking with Bloomberg, Jeffrey Sprecher, ICE’s chief executive, said that it is imprudent to discount cryptocurrencies and that he won’t rule out the possibility of launching cryptocurrency future contracts on one of the exchange...

Investor: Banks [Goldman Sachs] Entering Crypto Will Lead to Bitcoin Price Surge

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Jon Matonis, a co-founder of Bitcoin Foundation and executive at VISA, stated that the entrance of major banks and financial institutions like Goldman Sachs will lead to an increase in the liquidity of bitcoin, and ultimately, the bitcoin price. "I think it's fabulous that they're getting into it because it brings in new liquidity. They're going to develop futures markets, options markets, I even...

Low Volatility on Wall Street Leaves Investors Turning to Bitcoin for Decent Returns

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Low volatility on Wall Street is forcing investors to look to less traditional asset classes like bitcoin in pursuit of better returns. And perhaps some more excitement. There is a dramatic increase in the correlation between the price of bitcoin and Wall Street’s ‘Fear Index’, according to analysts at Deutsche Bank. A Friday note from global financial strategist Masao Muraki at Deutsche Bank...

NYSE Owner Will Launch Cryptocurrency Data Feed for Institutional Clients

The owner of the New York Stock Exchange (NYSE) has announced that it will launch a Cryptocurrency Data Feed to provide institutional clients with real-time market information from cryptocurrency exchanges located throughout the world. NYSE Owner to Launch Cryptocurrency Data Feed for Institutional Clients Intercontinental Exchange (ICE) -- best known as the operator of the NYSE -- made the...

Biting the Dust: Bitcoin ETF Applications Forced to Withdraw Under SEC Scrutiny

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Several exchange-traded fund (ETF) providers have withdrawn their bitcoin ETF applications at the request of the US Securities and Exchange Commission (SEC). Since the launch of bitcoin futures contracts on regulated US exchanges CBOE and CME, a myriad of fund providers have tossed their hats into the ring in a bid to bring the first bitcoin ETF to market by creating funds that would trade...

New York Stock Exchange Files to List Leveraged Bitcoin ETFs

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The New York Stock Exchange (NYSE) has filed to list five leveraged exchange-traded funds that track the price of bitcoin (bitcoin ETFs) on its Arca trading platform. NYSE Files to List Leveraged Bitcoin ETFs According to documents (PDF) filed with the US Securities and Exchange Commission (SEC) and dated Jan. 4, the NYSE hopes to list five bitcoin ETFs created by Direxion Asset Management, a...

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