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News wires buzzed this week when the National Association of Securities Dealers Automated Quotations (Nasdaq) announced its pending purchase of Swedish crypto-friendly stock exchange Cinnober. Nasdaq made “an USD 190m all cash recommended public offer” to the exchange, which it terms a major “financial technology provider to brokers, exchanges and clearing houses worldwide.” It could … Read more
Bitcoin has dropped to $8,800. This is a $100 drop from yesterday’s $8,900, which in turn was a fall from the currency’s previous high of $9,300 last Tuesday. People are scratching their heads and wondering what’s going on. Bitcoin’s market cap has sunk from $158 billion to $140 billion in less than 24 hours. Analysts … Read more
The chief executive officer of Nasdaq, Adena Friedman, has discussed the company’s position with regards to the potential bitcoin futures contracts it has previously expressed interest in offering. Although Mrs. Friedman was unable to affirm that the company is definitely planning on launching bitcoin futures contracts, the CEO emphasized Nasdaq’s desire to offer a product … Read more
