Nasdaq Inc. which is the owner-operators of the second largest stock market in the world which is the NASDAQ stock market, has been seen calling for cryptocurrency data – specifically from the cryptocurrency tracker site CryptoCompare and its platform.
As a press release shared on Tuesday by CryptoCompare notes, the site had already partnered with Nasdaq Inc. which operates numerous other large platforms including the Stockholm Stock Exchange, the Helsinki Stock Exchange, and the Copenhagen’s Stock Exchange. The latest cryptocurrency news show that CryptoCompare will work alongside Nasdaq to create a new product for valuing cryptocurrencies.
Named the Nasdaq/CryptoCompare Aggregate Crypto Reference Prices tracker, this product will come to Quandl, which is a platorm owned by Nasdaq Inc. and designed by its creators to be a “premier source for financial, economic and alternative datasets.”
Billed as a way to help institutions delve deeper into the crypto economy, many best cryptocurrency news sites described Quandl as a step forward towards mainstream adoption for the top cryptocurrencies.
“The Nasdaq/CryptoCompare Aggregate Crypto Reference Prices will enhance institutional capabilities in the cryptocurrency markets across trading strategy, quantitative research, risk modelling, NAV calculations and back-testing. Based on CryptoCompare’s aggregate index datasets, the product will provide minute-by-minute pricing data for the most liquid cryptocurrency markets,” the official release noted.
As the coming altcoin news show, CryptoCompare and its accurate information have attracted Nasdaq Inc. to give its customers the most comprehensive assortment of the crypto-economic information possible.
In fact, Nasdaq’s website’s CEO Charles Hayter confirmed this and said:
“Reliable data is the bedrock of transparent, liquid markets and by bringing our high quality, granular dataset to a global institutional client base, via the Quandl platform, we will give traders and investors a competitive edge.”
Meanwhile, CryptoCompare is reportedly in a lot of news this week. On Monday, it announced that it partnered with the popular crypto derivatives platform BitMEX. This collaboration will see the tracker site delivering the exchange’s cryptocurrency futures data to the Refinitiv Eikon market products suite.
The CEO of BitMEX, Arthur Hayes, said that the company is pleased to deliver a new wealth of data on cryptocurrency futures for institutional investors that can contribute to their overall confidence throughout their decision-making process.”
Binance Removes US Resident Ban: Launching In “A Month Or Two”
“3. Prohibition of use By accessing and using the Services, you represent and warrant that you are not on any trade or economic sanctions lists, such as the UN Security Council Sanctions list, designated as a “Specially Designated National” by OFAC (Office of Foreign Assets Control of the U.S. Treasury Department) or placed on the U.S. Commerce Department’s “Denied Persons List”. Binance maintains the right to select its markets and jurisdictions to operate and may restrict or deny the Services in certain countries at its discretion.”When comparing the wording to the one uploaded in June, it is clear that Binance removes US resident ban. The previous text read that "Binance is unable to provide services to any U.S. person," - which is why the difference is obvious.
China’s Digital Fiat Currency Is Not A Real Cryptocurrency
“Since last year, the staff at the Digital Currency Research Lab have been working 996 to develop the system. We can say the CBDC is now ready to launch at one’s call," was his speech, later shared by many best cryptocurrency news sites.The CBDC with this aims to replace MO, meaning cash in circulation through a two-tier system. The central bank will issue the digital yuan only to commercial banks, who will further issue it to the public. Meanwhile the PBoC and its Digital Currency Research Lab are the ones standing behind China's digital fiat currency - along with more than 50 patent applications which are all either invented or co-invented by Yao Qian. One patent application reads:
“The emergence of digital currency is an inevitable trend. So far, privately issued digital currency bears the features of anonymity and volatility. Central banks must take their impacts on the payments, monetary systems and financial stability seriously. As such, it’s inevitable for central banks to push for digitized fiat currencies to optimize their circulation.”However, physical cash is still arguably the only form of fiat money inside China that can remain anonymous. We can see that China's digital fiat currency is not close to cryptocurrency - and the only third-party methods which are compared to bank wire can be offered by companies like Alibaba or WeChat - both requiring real-name verification authenticated by users' IDs as well as additional banking information.
“Existing M0 (banknotes and coins) are subject to counterfeit and money laundering risks. … The [CBDC] system should follow the existing rules about anti-money laundering and anti-terrorism financing imposed on cash, and should report to the PBoC on large amounts and suspicious transactions,” Mu emphasized in a speech.
Market With Mixed Signals As Ether And Bitcoin Record Minor Gains
XRP Will Defy The Altcoin Apocalypse: Ripple Chart Analysis
"Although many of the technicals like RSI, and position relative to moving averages looks like XRP is severely oversold and could bounce, traders should be cautious because the token has been falling out of favor with many crypto market participants, and there are many competing projects with similar characteristics and arguably a much better value proposition that have come to market."
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