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.
-
Economy2 months ago
Here’s Everything You Need to Know About Oman’s State General Budget for 2025
-
Alamaliktistaad Magazines2 months ago
Al-iktisaad, December 24
-
Automotive2 weeks ago
[REVIEW] A Legend Reinvented: The Nissan Patrol Y63 Blends Heritage with Modern Mastery
-
Banking & Finance2 months ago
His Majesty the Sultan Appoints Ahmed Al Musalmi as Governor of the Central Bank of Oman
-
OER Magazines3 weeks ago
OER, January 2025
-
Alamaliktistaad Magazines4 weeks ago
Al-iktisaad, January 2025
-
Banking & Finance4 weeks ago
Ishraq Waqf Investment Fund Announces Extension of IPO Subscription Deadline
-
Banking & Finance1 month ago
Bank Muscat’s 2024 Net Profit Grows To RO225.58Mn
You must be logged in to post a comment Login