Details about the new offering are still not disclosed but CNBC suggests that the service will be first available in the US. According to Mastercard estimations, 2.8 billion Mastercards are in use and the payments network’s clients have relationships with over 20,000 financial institutions around the globe. Bakkt CEO Gavin Michael, commented: We’re lowering the…
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ICE Chairman and CEO Jeffrey Sprecher moved quickly via an internal all-hands meeting to name an interim CEO, a man chosen from the ranks of the organization and one who had worked on the firm’s 2013 acquisition of NYSE Euronext. David Clifton, vice president of M&A and integration at ICE, will replace Blandina at the…
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Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for November 11, 2019. The text below is an excerpt and does not contain the full analysis. Hi Everyone, The eleventh day of the eleventh month has indeed evolved into the biggest commercial consumer extravaganza in…
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Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for November 8, 2019. The text below is an excerpt and does not contain the full analysis. Hi Everyone, Earlier this week, the tech pioneer Microsoft, under the leadership of Satya Nadela, announced the astonishing results…
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The Bakkt crypto exchange has been up and running for well over a month now, and although its opening was more subdued that most Bitcoin enthusiasts would have liked, it is beginning to pick up steam with its institutional clients. Jeffrey Sprecher, the CEO for the Intercontinental Exchange (ICE), the owner and operator of the…
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Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for October 24, 2019. The text below is an excerpt and does not contain the full analysis. Hi Everyone, Of the many takeaways from Zuckerberg's appearance on Capitol Hill yesterday, the one thing that stood out…
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With all the hoopla surrounding the stumbling Bakkt futures exchange, we tend to forget that the Chicago Mercantile Exchange (CME) has already established itself as a “go to” place for Bitcoin futures contracts. The CME is also a wily competitor, having knocked out the Chicago Board of Exchange (CBoE) from the arena last March. The…
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Bitcoin enthusiasts, investors, and observers have still not gotten over how severely Bitcoin fell from grace, after the Bakkt crypto futures exchange opened for business. The blame-game has continued for weeks. The S&P 500 Index also took a tumble at the same time, as trade talks worsened and recession fears ramped up, but none of…
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Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for October 10, 2019. The text below is an excerpt and does not contain the full analysis. Hi Everyone, Perhaps one of the oddest harbingers in our current global economy is the staggering amount of negative-yielding…
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Bitcoin revisited the upper $7,000s this weekend, continuing its ranging behavior, but always with a gradual downward slope, as if tempting bears or bulls to grab on. The excitement from a few weeks back is quickly becoming a distant memory, but so is $10,000, its last ranging median for weeks on end. Advocates, however, are…
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