Wall Street mainstays setting up digital assets exchange with on-chain settle...
Some of the biggest names in finance are joining together to create the EDXM exchange, citing a pent-up demand for crypto assets and the need for compliance and security. Major financial firms have teamed up to create EDX Markets (EDXM), a new exchange that will trade digital assets through trusted intermediaries. The exchange will provide services to institutional and retail investors. The new exchange will be backed by Charles Schwab, Citadel Securities, Fidelity Digital Assets, Paradigm, Sequoia Capital and Virtu Financial, according to an announcement released on Tuesday. Jamil....
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Overstock.com, Inc., the e-commerce retailer, became the first company to solicit qualified institutional buyers in a digital corporate bond that will trade using the bitcoin block chain. This development is part of Overstock's larger cryptofinance initiative known as Medici. "The cryptorevolution has arrived on Wall Street," said Overstock.com CEO Patrick M. Byrne. "We're making it official by offering the world's first 'cryptosecurity.'". Byrne defined a cryptosecurity as a security that trades on a cryptographically-protected distributed ledger. Cryptosecurity buyers will be able to....
Bitcoin on Wall street has been the subject of many headlines in 2015 thus far. As bitcoin makes headway in the financial world, the signs are clear, Wall Street is quickly moving in on bitcoin. The Wall Street Journal reports: Amid a slew of deals involving prominent finance and tech companies lie signs that the U.S. business establishment is exploring innovative new enterprise uses for digital currencies. They are making early, tentative bets that the so-called blockchain-ledger technology behind bitcoin might one day transform how banks, businesses and even smart appliances circulate....
The FTX crypto exchange’s new index is called the Wall Street Bets Index. Following numerous headlines about the meteoric price rise of several assets, including GameStop (GME), AMC Entertainment (AMC) stocks, and Dogecoin (DOGE), crypto exchange FTX has listed an index following the assets. FTX named the index after Wall Street Bets — the Reddit group thought to be associated with pumping the prices of those assets. “We're happy to announce that we have launched trading for a basket of Wall Street Bets markets,” FTX said in a public statement on Thursday. The index trades as a futures....
Wall Street has been embracing the latest wave of Silicon Valley financial tech at a fast rate. Over the past several months, many Wall Street Financial companies have embraced the new wave fintech enterprises with remarkable speed. The blockchain an online ledger that tracks the movement of digital currency, but it can also be used to manage, register and secure anything else that has value. Wall Street companies seem to have seen the true potential of the blockchain technology and many are now rushing to invest and develop new applications with this new technology. Jamie Dimon, JP Morgan....
Writing for the Wall Street Journal is a great achievement, and having a book published by a major publishing company is even better. Now, authors and major publishing houses are stepping up to a digitally time-stamped etching of published works within the Bitcoin block chain, to stand the test of time. What better way to usher in "The Age of CryptoCurrency" than to record proof of a tome about digital currency within Bitcoin's block chain? Writers and Publishers Entering The Age of CryptoCurrency. The title of the new book is The Age of Cryptocurrency: How Bitcoin and Digital Money Are....