Core Scientific Resumes Nasdaq Trading After Bankruptcy Exit
Core Scientific, a leading Bitcoin mining firm, has successfully exited Chapter 11 bankruptcy, reducing debt by $400 million and strengthening its balance sheet. The company is set to resume Nasdaq trading on January 24, 2024, with a renewed vision and growth plan. The company’s restructuring plan, approved by the U.S. Bankruptcy Court, strategically converted substantial debt […]
Nasdaq Will Repurpose Tech from Curtailed Crypto Foray
Nasdaq Inc. is planning to repurpose the technology it developed for a curtailed foray into cryptocurrency. In July, Nasdaq postponed debuting its bitcoin custodian business in the United States, although it is still working on tokenized asset technology. In an interview with Bloomberg Television, Nasdaq co-president Tal Cohen disclosed intentions to launch this technology as […]
Hashdex Applies to SEC for Mixed Ether ETF
Nasdaq’s asset manager, Hashdex, has applied to the Securities and Exchange Commission (SEC) for approval to list a mixed Ethereum Exchange-Traded Fund (ETF) combining spot ether holdings and futures contracts. The Hashdex Nasdaq Ethereum ETF investment fund is the first filing of futures Ethereum under the ’33 Act and is managed and supervised by Toroso […]
Nasdaq gets SEC Approval for AI trading Orders
Artificial intelligence-driven order classification has the potential to further enhance the efficiency of stock trading. The United States Securities and Exchange Commission (SEC) has approved Nasdaq’s request to launch the first AI-driven order type on September 8. This innovative system, dubbed the “dynamic midpoint extended life order” (M-ELO), develops upon the existing M-ELO automated order […]
Nasdaq Pauses Plans to Launch Crypto Custody Services
CEO Adena Friedman said that Nasdaq is pausing its plans to release a crypto custody business on the company’s earnings call. According to CEO Adena Friedman , the debut has been postponed due to regulatory concerns in the United States. Friedman said, “We have decided to halt our launch of the U.S. digital assets custodian […]