I read three recent articles regarding the NASDAQ becoming involved in cryptocurrency and I think it’s important for those of suffering through this bear market to be encouraged by these news articles. The Nasdaq is the second-largest stock exchange in the world in terms of market capitalization. The company is the latest one of several large of institutional investors looking to enter the cryptocurrency market.
Article number 1: https://bitcoinist.com/nasdaq-crypto-fraud-manipulation/
In this article, Adena Friedman, the CEO of NasDaq, says wants to lead the fight against market manipulation and fraud that has been plaguing the cryptocurrency market. But not only is the CEO of NasDaq talking about doing this, we find out in thIn fact, a few exchange platforms are already adopting the NasDaq exchange operator’s market surveillance technology.
In mid-2018, Bitcoinist reported that Gemini, SBI Virtual Currencies, and three other platforms were already using Nasdaq’s SMARTS technology.
Next I read: https://www.bloomberg.com/news/articles/2018-11-01/nasdaq-wants-crypto-market-to-stamp-out-fraud-with-its-help.
This article is filled with information about the analysis by NasDaq on fraud in the cryptocurrency markets. But I was interested to find out that the article stated that cryptocurrency exchange Gemini had signed an agreement to partner with Nasdaq to combat crypto trading fraud. The partnership will see Nasdaq use its SMARTS software to monitor the Gemini platform to prevent fraud and manipulation.
According to this article:https://bitcoinist.com/the-most-profitable-market-of-all-time-nasdaq-endorses-cryptocurrency-as-institutions-get-involved/
The NasDaq has also signed a deal with the San Diego-based ETF firm, Reality Shares, which plans to launch a pair of blockchain-related funds before the end of June.
Lastly, according to this article:https://bitcoinist.com/nasdaq-eyes-becoming-a-cryptocurrency-exchange-platform/
The author quotes Adena Friedman, the CEO of Nasdaq saying the company is interested in becoming a cryptocurrency exchange platform. Nasdaq is the second-largest stock exchange in the world in terms of market capitalization.
This is good news for cryptocurrency! The large financial companies are moving into the cryptocurrency market. The are moving during this bull market. A basic tenet of investing is buy low and sell high. These companies are moving in while prices are low. Are you paying attention?
The future belongs to bold.
But the stock market is manipulated. They play with the prices don’t they? I hope when they come into the crypto space things don’t become manipulated like in the stock market where people set prices- allegedly.
I also understand that big investors have been buying crypto over the counter. I still don’t get how that is not reflected in the market price. Nothing seems to be reversing this market. ..
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I understand your concern. There are frequent stories about manipulations in the US stock market, which are different perhaps from the pump and dumps we see in cryptocurrency. I am hopeful that since NasDaqa primary or current entry into cryptocurrency is the leasing to a handful of cryptocurrencies exchanges software designed to prevent price manipulation and other behavior used to steal cryptocurrency.
I also am waiting to see the benefit of institutional investors entering the crypto market when they see large names like NasDaq and Fidelity entering the space. I am hoping that will raise the market. 🤞
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I'm hoping for the best as well, I just don't trust these people though I want to. I hope I'm wrong and they don't turn out to be snakes in the grass.
One reason why I'm so dubious is I doubt that they will be willing to buy after lots of people already got in. They are used to buying first... on the other hand I guess the market is still young.
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NASDAQ is a big player this btc price to 3200 might be done through intentionally so they can buy thousands of BTC this tine and once bull run will start they will earn a huge profit.
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They probably need to try it with their stocks all tanking.
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😂🤣😂
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@shortsegments, thank you for supporting @steemitboard as a witness.
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Hi
Thank you for the badge, what does it mean? I followed the link and it isn’t amongst my badges.
Thank you for your upvote.
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You have to click on the "personnal" tab to see it on your board.
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Thank you, 😊
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I personally prefer institutional investors to stay away from cryptos, but they will come anyway.
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This post has received a 6.12 % upvote from @boomerang.
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You will feel great with #Nexty. NTY value increases due to prevalence, community acceptance, and ecosystem expansion.
With many other currencies, you can lose money #bitcoin #nty #crypto
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