Featured
Nasdaq Wants Crypto Market to Stamp Out Fraud — With Its Help

The cryptocurrency industry is plagued by scandal. Stock exchange operator Nasdaq Inc. says it can solve the problem.
In a paper released Thursday, the company said it has spent decades developing tools to police securities, currencies and other markets, and can use them to stamp out manipulation and other scams besieging digital coins.
“Regulators, brokers and exchanges have surveillance teams that monitor activity constantly and advanced technologies to help capture and analyze abusive behaviors including pump-and-dump schemes, insider trading, wash trading as well as spoofing and layering,” according to the paper.
Authorities worry that virtual currencies are susceptible to frauds that take advantage quick price swings and a lack of government regulation. In May, Bloomberg reported that the Justice Department had opened a criminal probe into possible manipulation of Bitcoin trading.
Nasdaq licenses its market-surveillance technology to exchanges, including at least one crypto market: Gemini, which was founded by the Winklevoss twins. Nasdaq first started to get approached about these services from crypto companies just over two years ago, but it wasn’t until late last year when Bitcoin was surging that demand jumped.
“We’re now getting approached every week or two,” Tony Sio, Nasdaq’s head of exchange and regulator surveillance, said in an interview. “We won’t work with all of these firms though since a lot of them are quite early stage or not reputable yet,” he added.
-
News2 months ago
OpenAI Strengthens ChatGPT’s Mental Health Safeguards Ahead of GPT-5 Launch
-
OER Magazines1 month ago
Dossier – ToP 25 Personalities 2025
-
Dossier1 month ago
Arabic Dossier – ToP 25 Personalities 2025
-
Banking & Finance2 months ago
Strong Performance and Strategic Approach: ahlibank announces Its Financial Results for the First Half of 2025
-
Alamaliktistaad Magazines1 month ago
Al-iktisaad, August 25
-
News1 month ago
xAI Open-Sources Grok 2.5, Signaling Accelerated AI Push
-
Economy2 months ago
Najla Zuhair Al Jamali Appointed President of bp Oman
-
News2 months ago
Ooredoo Wins Silver Stevie® Award for Diversity and Inclusion Excellence
You must be logged in to post a comment Login