ALTCOIN, BITCOIN, BLOCKCHAIN

CoinMarketCap Cryptocurrency Data to Launch on Bloomberg, Nasdaq

Cryptocurrency market provider CoinMarketCap has announced they will be launching a new financial data feed for Nasdaq Global Index Data Service (GIDS), Bloomberg Terminal, Thomson Reuters Eikon (Refinitiv) and Germany’s Börse Stuttgart.

// STAY UP TO DATE – FOLLOW BLOCKCHAIN DAILY ON TWITTER: @BLCKCHAINDAILY

“These indices will promote greater accessibility to cryptocurrency data in an easier-to-digest format,” said CoinMarketCap CEO Brandon Chez.

The new indices will provide the “most comprehensive” cryptocurrency data, covering 200 of the top cryptocurrencies.

The CMC Crypto 200 Index (CMC200), which incorporates bitcoin (BTC), will cover more than 90 percent of the entire cryptocurrency market, CoinMarketCap stated.

The second index, CMC Crypto 200 ex BTC Index (CMC200EX), will provide market data without the weight of BTC.

Germany-based financial indices firm Solactive will compute and manage both indicies.

Solactive’s head of sales, Fabian Colin, stated the CoinMarketCap data also gives Solactive the opportunity to develop custom indicies for clients.

“We are looking forward to developing more crypto indices in the future, which will optimistically result in investable indices and might lead to further products,” Colin stated.

CoinMarketCap has also added a letter grade to crypto assets, courtesy of blockchain startup Flipside.

The Fundamental Crypto Asset Score (FCAS), developed by Flipside, assesses an array of variables, including active developer activity and a broad set of transaction data.

// CLICK HERE FOR MORE BLOCKCHAIN NEWS

BITCOIN, BLOCKCHAIN, ETHEREUM

Nasdaq to Bring Bitcoin, Ethereum Indices on Feb. 25

Nasdaq has announced they have partnered with blockchain data and research company Brave New Coin and plan to add indices for bitcoin and ethereum later this month.

The Bitcoin Liquid Index (BLX) and the Ethereum Liquid Index (ELX) “are each designed to provide a real-time spot or reference rate for the price of 1 BTC and 1 ETH respectively, quoted in USD, and based on the most liquid ends of their markets,” Nasdaq explains.

// STAY UP TO DATE – FOLLOW BLOCKCHAIN DAILY ON TWITTER: @BLCKCHAINDAILY

“Both indices are calculated using a methodology that has been independently audited against key IOSCO principles.”

The BLX is one of the most widely-referenced BTC indices among crypto traders and has been calculated back to 2010.

Likewise, the ELX has been calculated back to 2014.

Last month, Nasdaq, Citigroup Inc., and several others led a $20 million funding round of blockchain start-up, Symbiont.

The New York-based company, Symbiont.io, applies blockchain technology to capital markets, and has developed its own blockchain, called Assembly, allowing financial institutions to utilize to share and verify data.

In November, Nasdaq announced a partnership with VanEck to “bring a regulated crypto 2.0 futures-type contract” sometime this year. However, no further specifics have been disclosed on the potential contract since then.

Stay tuned to BlockchainDaily.News for further developments regarding Nasdaq’s blockchain plans.

// CLICK HERE FOR MORE BLOCKCHAIN NEWS

BLOCKCHAIN

Nasdaq CEO: Cryptocurrency is ‘A Tremendous Demonstration of Genius, Creativity’

Nasdaq President and CEO, Adena Friedman.


Nasdaq President and CEO, Adena Friedman, has stated cryptocurrency “deserves an opportunity to find a sustainable future in our economy,” in a recent LinkedIn post.

// STAY UP TO DATE – FOLLOW BLOCKCHAIN DAILY ON TWITTER: @BLCKCHAINDAILY

Friedman characterized “the invention itself [as] a tremendous demonstration of genius and creativity.”

In her opinion, cryptocurrency is at a crossroad of two outcomes.

“1) Either the innovation finds practical utility followed by years of steady and sustainable commercial progress and integration into the economic fabric (e.g., the Internet); or

2) The invention fails to achieve broad adoption and its commercial applications as medium of exchange are limited (e.g., the Segway).”

Friedman argues that in order for cryptocurrency adoption to evolve, “governance and regulatory clarity” is needed.

To help with this cause, Nasdaq has developed its own technology to assist exchange start-ups to establish best practices.

The company’s “SMARTS” Market Surveillance Technology has been implemented to several exchanges, including the Winklevoss twins’ Gemini exchange, allowing the company to inspect suspicious trading, potentially counteracting market manipulation.

On Jan. 7, Estonia-based cryptocurrency exchange Dx.exchange (DX) launched a revolutionary new product, tokenizing the stock market on the blockchain, utilizing Nasdaq’s Financial Information Exchange (FIX),

In December, institutional cryptocurrency marketplace for spot and futures, ErisX, raised $27.5 million from Nasdaq Ventures and Fidelity Investments.

// CLICK HERE FOR MORE BLOCKCHAIN NEWS

BITCOIN, BLOCKCHAIN

Nasdaq Continues Bitcoin Futures Despite Recent Losses, Sources Say

Nasdaq Inc. is continuing its plans to list bitcoin (BTC) futures, wagering on the sustained interest of the technology despite recent losses, and plans to launch their product in Q1 of 2019, according to two people familiar with the matter.

// STAY UP TO DATE – FOLLOW BLOCKCHAIN DAILY ON TWITTER: @BLCKCHAINDAILY

The company has been working to gratify the worries of the Commodity Futures Trading Commission (CFTC) before launching the contracts, said the people.

In December of last year, CME Group Inc. and CBOE Global Markets Inc. brought their BTC futures contracts to market after creating a self-certification process.

Since the launch of the CME and CBOE products, the CFTC announced they would be enhancing the review process for cryptocurrency derivatives.

Nasdaq originally stated the BTC futures contracts would be available by mid-2018, shortly after CBOE and CME Group set their unveiling date.

The new launch date will now likely occur after the launch of Intercontinental Exchange’s Bakkt physical BTC futures product, which will be released on Jan. 24.

However, Nasdaq’s interest in still releasing their BTC futures product may insinuate the recent price drop does not concern Wall Street.

// CLICK HERE FOR MORE BLOCKCHAIN NEWS

BITCOIN, BLOCKCHAIN

First Blockchain ETFs Launched on Nasdaq, NYSE

Reality Shares, an innovative asset management firm, exchange-traded funds (ETFs) issuer and index provider, launched an ETF to invest in leading global companies creating and implementing blockchain solutions.

MAKE SURE TO FOLLOW US ON TWITTER: @BLCKCHAINDAILY

“We wanted to do a blockchain technology-related ETF, so not another bitcoin fund but something that takes advantage of the underlying ecosystem. So we developed a methodology in-house which measures seven quantitative factors and we run those factors on a universe of publicly traded [data],” said Reality Shares analyst, Kian Salehizadeh.

The Reality Shares Nasdaq NexGen Economy ETF (Nasdaq: BLCN) will hold between 50 to 100 constituents at any given time.

“The blockchain ecosystem potentially presents one of the most profound, long-term investment opportunities many of us have or will ever see in our lifetime,” said Eric Ervin, CEO of Reality Shares.

“Furthermore, blockchain is still in its infancy, and we are confident it will have far-reaching, disruptive effects in nearly every industry. In order to fully harness the potential of this exciting sector, we teamed up with other well-known groups – Nasdaq and the experienced members of our advisory board – to vet and qualify blockchain companies and identify trends and initiatives in our pursuit to become the leaders in blockchain investing.”

Rebalancing semiannually, it tracks the Reality Shares Nasdaq Blockchain Economy Index, which is comprised of companies committing material resources to developing, researching, supporting, innovating or utilizing blockchain technology for their proprietary use or for use by others.

In order to qualify for inclusion in the underlying index and BLCN, companies must receive a high Blockchain Score™ based on the following characteristics: role in blockchain ecosystem, blockchain product stage, blockchain economic impact, Blockchain Institute membership, research and development expenditure, company filings and innovation.

CLICK HERE FOR MORE BLOCKCHAIN NEWS

Donate BTC: 13xyfdE1ERCu6ZaZ6Ejj7x6B7au8GJXont (Click for QR)
LTC: LeVDY175o9B5PZJzPihAAFqCVcFHRaiVsB (Click for QR)
ETH: 0x3930890DC36E40e17c280aF5A80cEAC30732cFB9 (Click for QR)