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Nasdaq CEO – ‘Will definitely consider becoming a crypto-exchange when it’s time’

Neil Kumar

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Nasdaq working along with Gemini - will set into the crypto-space once it matures
Source: Wikimedia Commons

Adena Friedman, the CEO of Nasdaq Inc., a multinational American financial service which owns and operates NASDAQ and European stock exchanges including Stockholm Stock Exchange, Iceland Stock Exchange, Armenian Stock Exchange, NASDAQ OMX Vilnius and four other exchanges announced that the company is already supporting cryptocurrency exchanges and has a technology deal with Gemini.

The CEO of Nasdaq said that the company will venture into the crypto-space once it matures and will even consider becoming a cryptocurrency exchange.

During an interview with CNBC Adena Friedman says:

“Nasdaq will definitely consider becoming a crypto-exchange… 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 the investors.”

In addition, Adena Friedman thinks that ICOs need to be regulated and the move that was taken by the Securities and Exchange Commission [SEC] is right.

The technology deal between Nasdaq and Gemini ventures into providing Nasdaq surveillance technology for the existing regulated and rule-based marketplace.

Jiffythekid, a Redditor says:

“News like this makes me think that as long as we are moving forward…this stuff isn’t even started yet”

Hobowithmachete, another Reddit user says:



“I’m starting to put some serious money in and worried about my liquidity (planning a wedding). When I hear things like this from the CEO of NASDAQ, I’m thinking that the money I put in is marginal compared to what is to come down the road.”

TerminusFox says:

“So, then what are the haters of crypto going to do if (when) that happens? You’d have to be an idiot not to at least TRY to invest in something even if it’s small dollars here and there, see where it takes you. So, then what are the haters of crypto going to do if (when) that happens? You’d have to be an idiot not to at least TRY to invest in something even if it’s small dollars here and there, see where it takes you.”

Willzyx01 says:

“Once it matures and if Nasdaq becomes a crypto exchange, you know prices will blow up. Just shows that if you are in crypto now, you still are an early adopter.”





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Neil Kumar has been working as a full-time reporter for AMBCrypto from January 2018. He has eight years of experience in day trading markets and a three year experience working for a blockchain company. Neil writes about blockchain and technology is a strong advocate of privacy. He had a few Litecoins and Ripple tokens months before joining AMBCrypto; he currently does not have any value in cryptocurrencies or projects.

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Tether’s [USDT] market capitalization hits all-time high, Facebook in talks with Winklevoss twins, trading firms over new cryptocurrency and more

Guest Author

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Tether’s [USDT] market capitalization hits all-time high, Facebook in talks with Winklevoss twins, trading firms over new cryptocurrency and more

Daily Crypto News – May 25

1) Bitcoin Wallet receives part of 5,000 BTC: A recent Whale Alert highlighted a transaction on May 24, where a large sum of Bitcoin [BTC] exchanged hands between two anonymous wallets. According to the alert the transaction took place at 22:13:23 + 1 minutes and 5,000.00001092 BTC was transferred from an unknown wallet, with address 19SiCYaYKZh9A8HUjuh14eg5wtYzKxiFbB, to another unknown wallet with address 14GcjGjxwadzcpmq9EG3KUgTKATjurbnWt.

Read more at https://bit.ly/2VRQwb0

2) Bitwise Report 2.0: Bitcoin [BTC] futures continues growth: On a month-on-month basis, Bitcoin Futures saw a massive bump in April trading at an average of 10,000 contracts daily, peaking on April 4, with over 22,000 contracts traded. To put that number in perspective, in March 2019, the average contracts traded was less than 4,000. Despite the high standards set in April, the average daily contracts traded in May, with 25 days gone has exceeded 14,000 and still looks to grow, given the price performance of Bitcoin.

Read more at https://bit.ly/2W40sTR

3) Craig Wright on private keys: Craig S Wright has, for years, claimed he is the true creator of Bitcoin [BTC] without providing a shred of evidence to support the same. With the crypto-community levelling, Wright could prove his worth by sending BTC from Satoshi Nakamoto’s touted wallet containing around 980,000 BTCs, the BSV man in a twisted cause and effect situation, stated he will “sign” into his wallet only when he proves he is the creator.

Read more at https://bit.ly/2X6fdlw

4) Tether’s [USDT] market cap hits ATH: Tether and Bitfinex are being closely scrutinized now more than ever due to the NYAG’s lawsuit; however, the scrutiny doesn’t seem to have affected Tether as the market cap of USDT has increased by over $100 million in approximately 70 days.

Read more at https://bit.ly/2McaTjE

5) Tether volume shift: Another controversial topic in the cryptocurrency industry was the issue of fake transaction volumes on many of the popular cryptocurrency exchanges. The magnitude of the topic was so large that even Changpeng Zhao, the Chief Executive Officer [CEO] of Binance had raised red flags. This topic and Tether as a whole received another twist when Larry Cermack, the Director of Research at The Block, pointed out a few parameters when it came to the said volume.

Read more at https://bit.ly/2wmk4mJ

6) Bitfinex’s LEO tokens listed on Delta Exchange: Bitfinex’s Leo tokens faced quite a lot of criticism when they were announced, due to the missing $850 million funds from Bitfinex. The private investment round by Bitfinex also faced a lot of heat from the media. However, in a recent development, Leo tokens are being listed on various exchanges for trading.

Read more at https://bit.ly/2HUEnNB



7) Robinhood en-route a projected valuation of $7 billion: Robinhood, the California-based cryptocurrency exchange made headlines recently when a source close to the organization revealed that it was on the verge of closing their latest round of funding at a valuation of a whopping $7 billion – $8 billion. Sources even claimed that the current round of funding could act as a precursor to an even bigger round of funding, which would pit Robinhood with the bigwigs like Coinbase and Binance.

Read more at https://bit.ly/2W64KKj





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