#CryptoCorner: Nasdaq Makes #Crypto Moves, Market Drops and Intelligence Squared Debates #Bitcoin
#CryptoCorner: Nasdaq
Makes #Crypto Moves, Market Drops and Intelligence Squared Debates #Bitcoin
Point Roberts, WA, Delta BC – April 25, 2018 - Investorideas.com, a leader in crypto and
blockchain investing news reports on what’s driving the cryptocurrency markets
with today’s edition of Crypto Corner.
By Samuel Mowers at Investorideas.com
Nasdaq Makes Crypto Moves, Market Drops and Intelligence Squared Debates
Bitcoin
Nasdaq, the world’s second-largest stock exchange,
could become a cryptocurrency exchange in the future, according to a recent
interview. Nasdaq CEO, Adena Friedman, appeared on CNBC’s Squawk Box, where she explained the exchange’s interest in
the cryptocurrency market and how regulation is necessary.
"Certainly
Nasdaq would consider becoming a crypto exchange over time,"
"If we do
look at it and say 'it's time, people are ready for a more regulated market,'
for something that provides a fair experience for investors."
Friedman said
she thinks crypto is a permanent phenomenon but that Nasdaq would only adopt
once the market has stabilized.
"I
believe that digital currencies will continue to persist it's just a matter of
how long it will take for that space to mature," Friedman said. "Once
you look at it and say, 'do we want to provide a regulated market for this?'
Certainly Nasdaq would consider it."
Nasdaq has
also
announced today a collaboration with
cryptocurrency exchange Gemini. Nasdaq will be providing its SMARTS Market
Surveillance technology to Gemini, which according to the announcement:
“...is
considered the most widely deployed surveillance system in the world, will
enable Gemini to monitor across all of its trading pairs, including: BTC/USD,
ETH/USD and BTC/ETH. Further, SMARTS will also surveil activity across the
Gemini auction process that is used to determine the settlement price for the
Bitcoin XBT futures contracts that trade on Cboe's CFE Exchange.”
The
crypto market
exhibited
growth of roughly $100 billion USD in the last week, reaching $435 billion USD,
but has fallen to about $392 billion USD at press time. The top ten
cryptocurrencies are all in the red today, with the exception of EOS which
continues to show steady growth.
Intelligence
Squared U.S. recently published a debate with the motion, “Bitcoin is More than a Bubble and is
Here to Stay”. Speaking for the motion was Patrick Byrne, CEO and founder of
Overstock.com and CEO of tZero and Tim Draper, venture capitalist and founder
of Draper associates and Draper Fisher Jurvetson. Against the motion was Eric
Posner, law professor at the University of Chicago, and Gillian Tett, the U.S.
managing editor of the Financial Times. The results of the live debate were a
victory for those against the motion, whereas the online vote saw the motion
prevail.
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