Investment product provider ProShares will tomorrow list the U.S.’s first exchange-traded fund (ETF) allowing investors to bet against the price of bitcoin.
CoinDesk
NYSE Parent Company Teases Adding ‘Thousands’ of Cryptocurrencies to Its Live Data Feed
Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE), posted a tweet earlier this week teasing the expansion of its Cryptocurrency Data Feed service to include thousands of cryptocurrencies and hundreds of data sources. What: ICE Cryptocurrency Data FeedWhy: Greater transparencyWho: 1,000’s of cryptocurrencies, 100’s of venuesHow: 1 source of data […]
SludgeFeed
SEC to Review NYSE Arca Bitwise Bitcoin ETF Proposal
Yet another journey to launch a bitcoin exchange-traded fund (ETF) has begun.
According to a published notice, the U.S. Securities and Exchange Commission (SEC) has begun reviewing a proposed rule change for a bitcoin ETF filed by NYSE Arca and Bitwise. The Commission now has 45 days from the date of publication to make a final decision on whether to approve, reject or extend the rule change. Should the SEC require more time to review the proposal, it can extend the review period up to 90 days, once it gives reasons for the delay.
‘Unequivocal Yes’: NYSE Chair Says Bitcoin and Crypto Are Here To Stay
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
Tech IPO Boom: Elastic (ESTC) Finishes up 94% on NYSE Trading Debut
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 […]
SludgeFeed
Coinbase Doubles Staff, Aims to Become the NYSE for Cryptocurrencies
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.
500 Staff Employees
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.
Newsflash: SEC Slaps Down Two NYSE Bitcoin ETF Proposals
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
NYSE Owner’s Bitcoin Market May Have ‘Hidden Leverage,’ Wall Street Vet Warns
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
Starbucks Partners with NYSE Owner To Build ‘Global’ Digital Asset Platform
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.
ICE To Build ‘Scalable On-Ramp’
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.
SEC Postpones Deliberations on NYSE Arca Bitcoin ETFs
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
SEC Consideration of NYSE Arca Bitcoin ETFs Postponed
The SEC has announced that will delay determinations pertaining to five bitcoin ETFs filed for by NYSE Arca until the 21st of September, 2018.
Winklevoss-owned Gemini Crypto Exchange Hires NYSE Tech Chief
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.
Wall Street Execs Jumping into Digital Currencies
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.
NYT Report: Parent Company to NYSE Is Planning a Bitcoin Exchange
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.
New York Stock Exchange (NYSE) Owner to Launch Bitcoin Data Service
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.
Bitcoin and Blockchain Technology To Shift Trust Paradigm
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?
Bitcoin Is More Than Money
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.