Nasdaq Plans to Increase Bitcoin Blockchain Trials
American Stock Exchange Nasdaq is planning to increase the number of Bitcoin blockchain trials this year, the finance news network FT reported. According to the available reports, the New York group is hoping to initiate three-to-four trials within the next 12 months, a step that will improve the sluggish confirmation process on US securities markets to a wonderful extent. The decision meanwhile is speculated to be born out of a reason to stay ahead with NYSE which, just a few days back, launched the first exchange-calculated and distributed bitcoin index. But Nasdaq's Chief Executive Bob....
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Nasdaq CEO Bob Greifeld has suggested that the US-based stock market plans to roll out additional blockchain projects "in the future". The comments are the latest from the firm, which announced plans to trial blockchain technology as part of its Nasdaq Private Market service in May. Nasdaq revealed in June that it had established a formal relationship with blockchain services provider Chain. Greifeld's most recent statement was made in a conference call in which he hinted at the stock exchanges's strategy toward the technology, according to Bloomberg. Greifeld said: "The application of....
Nasdaq has partnered with San Francisco-based bitcoin API startup Chain to implement the Bitcoin blockchain technology in its newly launched marketplace, Nasdaq Private Market. Previously reported by Bitcoin Magazine, Nasdaq announced its plans to implement Bitcoin's blokchain technology into its pilot test, where shares of private companies are handled and traded as smart assets on the blockchain. Unlike other decentralized asset trading platforms, Nasdaq plans to utilize the colored coin protocol Open Assets based on the Bitcoin blockchain instead of developing an alternative blockchain....
The big question is whether or not R3 CEV can raise enough capital in the first place, although various consortium members have inquired as to how much capital is needed. Nearly everyone in the world of Bitcoin and blockchain technology will have heard of R3 CEV by now, as the consortium is backed by a lot of major banks around the world. This outfit is now looking to raise $US200 million for a new round of blockchain trials, assuming the participating banks are willing to part with their money. The R3 CEV Hunt for $USD200m in Funding. Actively exploring the boundaries of blockchain....
The president and chief operating officer of Nasdaq, Adena Friedman, has said that it is hoping to share information with the Hong Kong Stock Exchange on its blockchain technology, according to a report from the South China Morning Post. According to Friedman, it has become a priority for the New York-based Nasdaq to work with the Hong Kong Stock Exchange. Last month, the Hong Kong Monetary Authority (HKMA) announced that it was setting up a Fintech Innovation Hub and a Supervisory Sandbox enabling banks to conduct proof of concept trials and services. It is hoped that this will boost the....
Overstock has confirmed that Nasdaq is not using its tØ blockchain platform to clear trades. Rumours suggesting that Nasdaq - which unveiled its own blockchain-based platform last week - was using the online retailer's blockchain platform to settle trades first surfaced on Reddit earlier today. However, a representative from Overstock told CoinDesk: "That thread is completely mistaken. NASDAQ is doing something similar to, but not using our platform." First announced in May, Nasdaq Linq will facilitate the transfers and sale of stock in private companies. The product is currently being....