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Bitcoin and cryptocurrencies are here to stay despite the current bear market, says Jeff Sprecher, chairman of the New York Stock Exchange and CEO of its parent company, Intercontinental Exchange (ICE). When asked about the plunging crypto market values, Sprecher said as an exchange operator, it’s not his place to opine about prices. However, he’s confident
The post ‘Unequivocal Yes’: NYSE Chair Says Bitcoin and Crypto Are Here To Stay appeared first on CCN
Shares of Elastic (ESTC), which commercializes open-source software for search and data analytics, finished up 94% on the company’s New York Stock Exchange debut on Friday, despite the S&P 500 closing down 1.7% in the same session. Elastic raised $ 252 million in total from the IPO, selling 7 million ordinary shares of its stock. After […]
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Leading US cryptocurrency exchange Coinbase has reportedly managed to double its staff members, thus hitting its 2018 target. At the same time, the company revealed its intentions to become the NYSE for cryptocurrencies.
The San Francisco-based cryptocurrency exchange has doubled its staff members to 500 according to a report by Business Insider.
Earlier this year, Coinbase announced its plans to become a fully SEC-regulated broker-dealer. Furthermore, the company added a suite of products which facilitate institutional investments and also revealed its intentions to expand to Japan. Most recently, the cryptocurrency exchange announced that it is exploring a potential Bitcoin ETF.
The U.S. Securities and Exchange Commission (SEC) on Wednesday denied two more bitcoin ETF applications, continuing its stance of hostility toward the much-anticipated cryptocurrency investment products. Those proposals, filed by NYSE Arca, sought to list bitcoin ETFs from fund providers ProShares and Direxion. These particular ETFs would not have held physical bitcoin but rather would have
The post Newsflash: SEC Slaps Down Two NYSE Bitcoin ETF Proposals appeared first on CCN
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
The post NYSE Owner’s Bitcoin Market May Have ‘Hidden Leverage,’ Wall Street Vet Warns appeared first on CCN
New York Stock Exchange operator Intercontinental Exchange (ICE) has revealed it plans to launch a global digital asset platform in November as a “scalable on-ramp” for investors.
In a press release August 3, ICE, which signaled its intention to launch physical Bitcoin futures in May, will debut them alongside the new platform, dubbed Bakkt.
“Bakkt is designed to serve as a scalable on-ramp for institutional, merchant and consumer participation in digital assets by promoting greater efficiency, security and utility,” Kelly Loeffler, CEO of Bakkt explained.
The United States Securities and Exchange Commission (SEC) has delayed deliberations on five bitcoin exchange traded funds (ETFs) that were filed with the SEC by NYSE Arca, Inc.
Also Read: PR Specialists in the Russian Crypto Space Paid 10x the Average Salary
The SEC has announced that will delay determinations pertaining to five bitcoin ETFs filed for by NYSE Arca until the 21st of September, 2018.
Gemini, the cryptocurrency exchange founded by Cameron and Tyler Winklevoss, announced earlier today that it will be bringing former NYSE Chief Information Officer Robert Cornish aboard as its first Chief Technology Officer.
Several top Wall Street executives have left traditional finance for the volatile world of cryptocurrencies, and it seems like that trend is going to continue. The latest to do so is Former NYSE Chief Information Officer Robert Cornish, who has been picked to be Gemini’s first Chief Technology Officer, leading the company’s tech initiatives.
Intercontinental Exchange, also known as ICE, the parent company of the New York Stock Exchange (NYSE), wants to establish its own cryptocurrency exchange.
The New York Times (NYT) first reported on the developments on May 7, 2018, after four individuals divulged the plans and related emails to the newspaper. While sparse in exact details, the report reveals that the exchange, which would be built for “large investors” in mind, would permit direct bitcoin trading, not futures contracts as we’ve seen with the CBOE and CME.
At the end of 2017, signs that Bitcoin was making the jump from a currency used and held only by technology and decentralization enthusiasts to a mainstream asset started to hit the press.
The launch of Bitcoin futures on two of the major futures exchanges served up an opportunity for traders and investors that wanted to take a position in the cryptocurrency without having to buy and store bitcoins to do just that and, perhaps unsurprisingly, the Bitcoin price (what’s grown to become a bellwether of industry health) soared.
When it comes to using Bitcoin, many people see it as taking a “leap of faith”. Everyday consumers are now blindly putting their faith and trust in banks and financial institutions, even though these entities have already proven – multiple times – they can not be trusted. But who is trusting Bitcoin more than fiat currency, which is still backed by “something” or “someone” tangible?
One of the major misconceptions people have about Bitcoin is that it is “magic internet money”. In fact, more and more people see Bitcoin as “free money” since additional coins are still being generated as we speak. And while that is true to a certain extent, there is no such thing as “generating free money” unless you’re a central bank.
