Crypto Corner: Nasdaq Makes #Crypto Moves, Market Drops and Intelligence Squared Debates #Bitcoin
Point Roberts, WA and Delta, BC - April 25, 2018 (Investorideas.com Newswire) 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.
Crypto Corner - April 25, 2018
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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