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President and CEO of Nasdaq.

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Nasdaq CEO Adena Friedman: Crypto Could Still Be ‘Global Currency of Future

Speaking at a Yahoo Finance event on automated markets at the World Economic Forum (WEF) in Davos, Adena Friedman, the President, and CEO of Nasdaq, called the invention of crypto "a tremendous demonstration of genius and creativity." According to Adena Friedman, crypto has evolved through what she terms a “classic invention lifecycle” — from its early path forged by pioneers in cryptography and economics, to a period of hype, the proliferation of new market entrants, and now, most recently, “a dose of reality.” The Nasdaq CEO's comments about cryptocurrencies came as part of an article titled "New chapters in innovation and disruption will be written in 2019" that she posted on her Linkedin account. The CEO argued that for crypto to evolve into a practical, useable invention with a stable value it requires “governance and regulatory clarity.” She also suggested that both of these are, at their core, “antithetical to the original intent [of] a decentralized, ungovernable global currency.” Remarking on the need for a transparent and fair crypto exchange market in particular, Friedman noted that Nasdaq has provided its in-house technology to help start-up exchanges forge best practices.

Nasdaq CEO Adena Friedman is Bullish on Cryptocurrencies

The chief executive officer of Nasdaq, Adena Friedman, discussed cryptocurrency and blockchain, among a number of subjects, in an interview with CNN. In the interview, Mrs. Friedman expressed bullish optimism for the future of cryptocurrency. Also Read: Xapo Estimated to be Housing 6.25% of Total BTC Supply Nasdaq CEO Bullish on Cryptocurrency In the interview with CNN, Mrs. Friedman offered optimism regarding the future of cryptocurrencies, stating “Do I think digital currency plays a role in the economy of the future, I think the answer is probably yes.” Mrs. Friedman added, “How it evolves and which of the cryptocurrencies may or may not be the one that ultimately gets embraced, I think that really the jury is still out on that.” “But I do think the idea of a more globalized payments mechanism that’s more efficient than what we have today, that allows money to transfer cross country, and […] support[s] the internet economy,” said Mrs. Friedman. “It feels like it’s the right next step in the space of currency” “It’s Virtual Cash, That’s the Great Thing About […] Cryptocurrencies” – Nasdaq CEO, Adena Friedman Mrs. Friedman described bitcoin and cryptocurrencies as being highly amenable to contemporary settlement processes at all levels of society, stating “We pay all of our service providers through this electronic means of transferring cash, and we are fine with it. The whole world is changing around payments and it’s going to be fascinating to see where it goes.” Despite her optimism, Mrs. Friedman emphasized regulatory uncertainty as comprising “the major issue” surrounding cryptocurrencies, stating “Are the governments going to start to embrace it, or are they still going to have it sit outside the realm of their oversight. That’s the real question.” Positive Outlook for Blockchain Regarding blockchain, Mrs. Friedman emphasized the opportunities for efficiency in the arenas of post-trade and settlement. “If we can make the system more efficient by shortening settlement cycles, it takes a lot of risk out of system, and therefore it makes it so that the banks don’t have to be as capital intensive,” said Mrs. Friedman, adding that blockchain “creates a lot of incentive for everyone in the entire network to find a way to put this technology in place.” Despite the opportunity for efficiency savings, Mrs. Friedman expects the mainstream markets to resist disruptive technological innovation, stating “in the established markets, there is a lot of embedded, older technology, that you really would have to rip out in order to be able to put this in […] Our view is that the first uses of the blockchain will be in less regulated markets, less efficient markets, more bespoke markets, test it out, show that it works, demonstrate the efficiency in the nasdaq private market, or the fund industry, […] or in […] smart-contracts. Show that it works, and then start to bring it up into the more regulated markets” “I think the technology is a fascinating and very sound technology, its just a matter of making sure that the community is all embracing it together,” Mrs. Friedman concluded. “Nasdaq Would Consider Becoming a Crypto Exchange Over Time” In a recent interview with CNBC, Mrs. Friedman stated that Nasdaq is open to the prospect of offering cryptocurrency exchange services in the future. “I believe that digital currencies will continue to persist it’s just a matter of how long it will take for that space to mature,” Mrs. Friedman said. “Once you look at it and say, ‘do we want to provide a regulated market for this?’ Certainly, Nasdaq would consider it.” Do you agree with Adena’s Friedman’s outlook for cryptocurrency? Share your thoughts in the comments section below! Images courtesy of Shutterstock, Wikipedia Need to calculate your bitcoin holdings? Check our tools section. The post Nasdaq CEO Adena Friedman is Bullish on Cryptocurrencies appeared first on Bitcoin News.
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Quotes, Week 23 ’18

Bobby Lee, Brad Garlinghouse, Robert Sluymer, Brian Stutland and Adena Friedman speaking on cryptocurrency and blockchain issues.

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Quotes, Week 18 ’18

Adena Friedman, Warren Buffett, Chris Giancarlo and Lisa Su speaking on cryptocurrency and blockchain issues

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OKEx’s Token Will See 17x Growth in Price, Blockchain Investment Firm Forecasts

The recent popularity Initial Exchange Offerings (IEO) have been experiencing over the last few months has brought what it appears to be like a new bull run. An incredible example of success is the OKB token issued by OKEx, one of the largest cryptocurrency exchanges by trading volume in the world, which has impressed the market beyond expectations having experienced an increase in the price of 163% since launched. Shinobi Capital, a leading blockchain advisory firm and also an investor in early-stage start-ups, has released its latest evaluation report estimating that the OKB price will grow further to US$30.75, 17 times the current price, by the end of 2020. According to Jason Hill, the founding partner of Shinobi Capital:  Exchanges tokens will be the powerhouse of the development of the digital asset market and even blockchain technology. Following a series of IEOs powered by exchange tokens in H1 2019, the market is marching to the next round of bull run. OKB, as a market leader of exchange tokens, is also welcoming its own uptrend. Backed by a number of use cases and a large user base of OKEx, OKB has demonstrated a huge potential of growth. The established blockchain and cryptocurrency advisory firm is well-known for its extensive experience in start-up investment. In their evaluation report of OKB, Shinobi Capital lays out the two most important factors that will affect OKB’s future trading volume, the development of the OKChain mainnet and the overall the crypto market condition. Furthermore, the report also establishes a comparative evaluation model with other major platform tokens, including Binance Coin (BNB), EOS, and TRON (TRX). This comparative evaluation studies different aspects of each token such as trading volume, price patterns, and usage demand. The latest OKB buy-back & burn program is also taken into account to evaluate the token’s future price trend. It is expected that by the end of 2020, the price of OKB will reach USD30.75 and its market capitalization will be about USD7.068 billion. There is a significant growth lag in OKB at this stage, and the potential of price growth needs to be further released. In the next round of market recovery and boom, OKB is likely to become one of the fastest-growing assets in the market. Disclosure: This is a sponsored press release The post OKEx’s Token Will See 17x Growth in Price, Blockchain Investment Firm Forecasts appeared first on NullTX.

Ethereum Classic presents roadmap to improve DApp development and overall infrastructure

Experts of the cryptospace are making use of DApp services to simplify the entire blockchain process. Along these lines, Ethereum Classic’s [ETC] core development team has put forth an initiative to revamp its existing ecosystem. Moving forward with an aspiration for refinement, ETC’s team is developing fresh features over blockchain technology, a development that will […] The post Ethereum Classic presents roadmap to improve DApp development and overall infrastructure appeared first on AMBCrypto.

David Marcus Grilled During Facebook's Senate Hearing

During the first of two congressional hearings regarding Facebook's Libra cryptocurrency, project lead David Marcus went as far as to say he'd be willing to take his salary in Libra after intense grilling from Senator Sherrod Brown.
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David Marcus Questioned Over Libra by Congress

Facebook is finally facing its reckoning as David Marcus, head of the company’s blockchain division and the leader of Libra, the venture’s new cryptocurrency, was grilled by Senate members who refuse to believe in Facebook’s allegedly noble financial plans. Libra: A Congressional Issue? Many people have a hard time believing in Facebook’s morality following the Cambridge Analytica scandal. Discovered in 2018, Facebook had allegedly been selling users’ private data for years to third parties for advertising purposes. Following Mark Zuckerberg’s Senate hearing last year, trust in Facebook has fallen to an all-time low. In many ways, this new “congressional step” for the social media conglomerate should serve as a huge learning experience. When you’re a company of Facebook’s size and you do anything to compromise the safety or privacy of your customers, you can bet it’s going to take a long time to earn their trust back. Facebook is learning this lesson in spades right now, as several Senators taking part in the hearing commented about the lack of trust they feel towards the company and its executive team. Sherrod Brown, a Democrat from the state of Ohio, commented:  Facebook has demonstrated through scandal after scandal that it doesn’t deserve our trust. We’d be crazy to give them a chance to let them experiment with people’s bank accounts. Senator Martha McSally, a Republican from Arizona, stated that Facebook is simply trying to shift gears and get people to focus on something else entirely, in this case cryptocurrency. Rather than seriously attempt to fix its reputation, it’s working to divert people’s attention with an entirely new product. She says: I don’t trust you guys. Instead of cleaning up your house, you are launching into a new business model. In addition, Facebook is also being criticized for its complete lack of coordination with policymakers. Throughout the early development of Libra, Facebook’s executive team failed to make any contacts with regulators or legal authorities to potentially understand how the cryptocurrency could better satisfy present financial laws and terms.  Trust Takes a Long Time to Build At least David Marcus isn’t lying to himself. He acknowledged during the hearing that it would likely take a while before the company can earn people’s trust well enough that they would provide their banking details. He states:  I want to make it clear that we are only at the beginning of the journey. We expect the review of Libra to be one of the most extensive ever. Facebook will not offer the Libra currency until we have addressed the concerns and receive appropriate approvals… We will not control Libra and will be one of over 100 participants that will govern over the currency. We will have to gain people’s trust if we want people to use our network over the hundreds of competing companies. The post David Marcus Questioned Over Libra by Congress appeared first on Live Bitcoin News.
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Waves CEO Has Sold His Stake At Vostok, A Waves Blockchain Affiliated Project

Alexander Ivanov, the founder, and CEO of Waves has recently decided to fully sell his stake of Vostok, blockchain spin-off of the Waves platform. According to a recent press release, now only the GHP Group, which bought all the stakes, will be the owner of the project. The CEO also affirmed on the press release that […]
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