Once the space matures, Nasdaq is open to becoming a platform for trading cryptocurrencies like bitcoin, according to the company's CEO.
"Certainly Nasdaq would consider becoming a crypto exchange over time," Nasdaq CEO Adena Friedman told CNBC's Squawk Box Wednesday. "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."
A key roadblock for the Nasdaq and other institutional investors is regulation, which Friedman said needs to be ironed out before the company would add an exchange. But she was bullish on the future of digital assets. "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."
In the meantime, the Nasdaq is supporting existing cryptoexchanges.
On Wednesday, the company announced a collaboration with #cryptocurrency exchange Gemini, founded by early bitcoin investors Tyler and Cameron Winklevoss. The deal gives Gemini access to Nasdaq's surveillance technology to help make sure the platform provides a fair and "rules-based marketplace," for their own participants, Gemini CEO Tyler Winklevoss said in a statement.
While Friedman was optimistic about the future of cryptocurrencies she was less so on the fundraising process known as an initial coin offering, or ICO. "ICOs need to be regulated," she said. "The SEC is right that those are securities and need to be regulated as such."
The U.S. #Securities and Exchange Commission has cracked down on #ICO fraud in 2018, and said in March it is looking to apply securities laws to everything from cryptocurrency #exchanges to digital asset storage companies known as wallets. #SEC Chairman Jay Clayton said the watchdog is devoting a "significant portion of resources" to the ICO market.
The more than 1,300 percent rise of bitcoin prices last year certainly caught the attention of regulators. #cryptonews#btcnews#blockchainnews#altcoin
Rat breaches bank ATM in India, eats $18,000 worth of cash
What they found inside the ATM was almost $18,000 worth of shredded Indian rupee notes and one dead rodent that had somehow eluded the machine’s security camera for its next, and last, meal, a State Bank of India (SBI) official said on Thursday.
“The ATM was out of order for a few days and when our technicians opened the kiosk we were shocked to find shredded notes and a dead rat,” said Chandan Sharma, SBI branch manager in the town of Tinsukia in the northeastern state of Assam.
“We have started an investigation into this rare incident and will take measures to prevent a recurrence.”SBI is India’s largest bank with more than 50,000 ATMs spread across the country. Most ATMs in India have a closed-circuit camera installed for enhanced security.
But an inspection of the camera footage at the ATM in Tinsukia turned up no rat entering it, Sharma said. Of the 2.9 million rupees ($42,685) in the ATM, 1.7 million rupees ($25,022) were recovered intact.
But banknotes worth 1.2 million rupees ($17,662) were destroyed. Photographs taken by a local reporter and reviewed by Reuters after the ATM was opened showed fragments of grey and purple coloured notes of 500- and 2000-rupee denominations. --Reuters
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The system, according to the document, will allow medical professionals to retrieve medical data from a patient that is unable to communicate. The patient’s medical records will theoretically be stored on a blockchain, accessible by a device worn by the patient that first responders could access with an RFID scanner. Additionally, the obtained medical information may be shared with hospitals and other healthcare entities, meaning that if the patient is transported from one medical care organization to another, their data will be available to medical care personnel before the patient’s arrival. According to Fortune, Walmart is considering purchasing health insurer Humana, a company with which the retailer has an established relationship. Should the new blockchain medical record system prove viable, a partnership with Humana would provide an indispensable data depository.
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While the opinion, in this case, has nothing to do with cryptocurrencies directly, the passing reference nonetheless signals that at least some of those that make up the top U.S. court are sympathetic to the idea that a cryptocurrency is a kind of money, as opposed to a form of property (as the Internal Revenue Service has ruled) or commodity (in the view of the Commodity Futures Trading Commission and, more recently, a U.S. district court judge).
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