• Nasdaq
    Bitcoin,  Innovators,  United States

    NASDAQ jumps on the cryptocurrency futures train

    The world’s second largest exchange will launch Bitcoin futures in 2019

    The NASDAQ stock exchange will launch Bitcoin futures trading early next year, a spokesperson confirmed to Britain’s Daily Express on Monday. The world’s No. 2 stock exchange is awaiting approval from the U.S. Commodities Futures Trading Commission (CFTC), NASDAQ’s Joseph Christinat told the British tabloid, adding that NASDAQ is confident it will receive approval and begin trading in the first half of 2019. The Chicago Mercantile Exchange (CME) and Cboe Futures Exchange began futures trading in late 2017. These trades are settled in cash rather than in Bitcoin. With the confirmation of the long-rumored news, NASDAQ joins Intercontinental Exchange (ICE), owner of the New York Stock Exchange (NYSE), which has…

  • Starbucks
    Cryptocurrencies,  Innovators

    ICE heats up on crypto with Starbucks

    NYSE’s owner launches crypto initiative with another household name

    Last month, the owners of the New York Stock Exchange quietly bought a domain name for a made up word. The misspelled wordplay belongs to startup Bakkt—pronounced ‘backed’—which had been in the works for months. Bakkt introduced itself to the world Friday as a digital asset ecosystem hoping to make cryptocurrency mainstream for consumers and merchants. That’s the goal of many a crypto company, but this time it might be more than just talk. Bakkt will launch with an impressive global partner, Starbucks. “As the flagship retailer, Starbucks will play a pivotal role in developing practical, trusted and regulated applications for consumers to convert their digital assets into US dollars…

  • NYSE
    Bitcoin,  Innovators

    NYSE parent company developing bitcoin trading platform, confidential documents reveal

    The Silk Road intersects with Wall Street

    Formerly associated with the underworld drug trade, the cryptocurrency market continues to gain credibility. Intercontinental Exchange, the American financial giant that owns and operates 23 different exchanges (including the New York Stock Exchange), is reportedly at work on a trading platform that would welcome large, institutional investors to buy and sell bitcoin. This revelation comes from confidential emails and documents unearthed by the New York Times showing that the company aims to follow suit with other established financial institutions (like Goldman Sachs and the Chicago Board Options Exchange) by throwing its hat into the crypto ring. If these plans are realized, then it’s like a Horatio Alger story about cryptocurrency…