Nasdaq To Add Crypto Data To Its Analytics Tools

Bill Dague, Nasdaq’s Head of Alternative Data, has said that New York-based stock market Nasdaq is exploring adding crypto datasets to its market analytic tool.

He explained that given an abundance of interest, we are exploring cryptocurrency related datasets, however this initiative does not mean that the company will start offering crypto-related products anytime soon.

Crypto datasets would potentially be integrated into Nasdaq’s data analytics hub which already in includes global news exposure, investment risk management tool and Social Media Sentiment dataset.

Nasdaq is slowly feeling their way into cryptocurrency space, earlier this year Nasdaq CEO said that they are willing to consider supporting crypto trading in future if the market becomes of mature and regulated.

Upcoming Documentary Wants To Change ‘Cryptocurrency As Money’ Debate

Refugium Foundation, a non-for-profit foundation created to promote knowledge about decentralized technologies have created a film title “Decent-How Blockchain Can Change The World” hopes to move the discussion away how crypto has become synonymous to easy money.

It plans to showcase why blockchain technology was developed in the first case and it plans to highlight the technology’s real-life use cases that offer solution to real word problems.

Marek Osiecimk, Founder and CEO of Refugium and Director of “Decent” said that they want to present real-world problems besetting ordinary people today and how various blockchain projects are meeting the needs of these people.

The film will feature the most important thinkers and developers in the space seeing past through the ICO hype and bring blockchain’s full potential to life through the documentary.

The film is set to premiere in the late spring of 2019 in Berlin.

ICOs Are Covered By Securities Laws According To U.S. Judge Ruling

In a landmark court ruling that may as well set a precedent to all ICO-related court hearings, a U.S. District Judge in Brooklyn Judge Raymond Dearie of the U.S. District Court Eastern District of New York ruled that U.S. securities laws cover ICO token sales.

The court ruling came in a case against Maksim Zaslavkiy, a fraudulent ICO promoter who is charged of defrauding investors of more than 300,000 USD from a scam ICO called REcoin.

His lawyers have pled for dismissal on the basis that the ICOs in question were currencies and not securities placing them outside the jurisdiction of the SEC Act.

However, the Judge sees otherwise and ruled that an ICO is indeed a security and has become the first judge to deliver a ruling that places ICOs firmly within the jurisdiction of securities regulators.

This is no means a final word on the matter as the final decision rest with a jury and that Zaslavkiy’s lawyers can in fact still present the argument contesting the jurisdiction of securities laws to the jury.

Malta Stock Exchange Launching Token Platform Together With Binance

The digital asset arm of Malta Stock Exchange(MSE), MSX PLC and Binance have signed a Memorandum of Understanding (MoU) to launch a digital exchange for trading security tokens.

The new security platform will leverage the MSE’s track record and extensive experience in regulatory compliance and client due diligence in collaboration with Binance’s international network.

Changpeng Zhao, CEO of Binance, expresses excited in being part of the builders of the blockchain ecosystem in Malta, which is seen by many as a global hub for blockchain-based companies for its active and transparent crypto regulations.

This follows the launched of MSX PLC last July as an investment vehicle that seeks partnership with leading crypto exchanges to create joint ventures in the country.

One of the first to get into the program was OKex with a MoU to launch an institutional grade security-tokens trading platform dubbed OKMSX.

Kimchi Premium May Reappear In Bitcoin Market

The Bank of Korea (BoK) has warned that significant price difference between South Korean exchange and international exchange may reappear soon, if regulations and crypto-trading frameworks are not soon introduced.

The situation wherein there is significant of domestic digital prices compared to those outside is called Kimchi Premium which cause up to 40% difference on prices.

This created ample opportunities for arbitrage trading and spot profits at the expense of crypto-craze investors and millennials looking for alternative investment options.

BoK officials believes that this could led to significant losses in local forex market as well as a possible entry of illegally obtained funds into Korean crypto exchanges.

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