Why Nasdaq’s interest in cryptocurrencies doesn’t mean anything — yet
Nasdaq is open to the idea of becoming a cryptocurrency exchange in the future. Adena Friedman, the CEO of the New York-based stock exchange, expressed the idea in an interview with CNBC on Wednesday, where she shared her views on the cryptocurrency market and speculated on its future. Friedman said that the space is currently highly unregulated and very immature, but if this were to change in the future, Nasdaq will consider participating in the space actively. There are several concerns with that statement that cryptocurrency enthusiasts should be aware of. The biggest benefit of mainstream giants jumping into the cryptocurrency industry… This story continues at The Next Web
BEIJING (Oct 19): China’s economic growth cooled to its weakest pace since the global financial crisis in the third quarter, raising pressure on Beijing to step up policy support as a years-long campaign to tackle debt risks and the trade war with the United States began to bite.
Chinese authorities are trying to navigate through numerous challenges, as the trade war fears have sparked a blistering selloff in domestic stock markets and a steep decline in the value of the yuan versus the dollar, heightening worries about the growth outlook.