News Stocks 

Meet the first woman to run the New York Stock Exchange

“Turns out the history-making woman has had quite an exciting journey since starting at the stock exchange more than two decades ago” writes Nicole Gallucci for mashable.com. Cunningham is about to take on one of the top roles in Wall Street, but the 34-year-old got her start at the stock exchange as an intern. The news comes a year after Adena Friedman became the first woman leader at the Nasdaq, which means two of the largest stock exchanges in the world will soon be led by women. Source: mashable.com Share This:

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Crypto Markets News 

A federal prosecutor appointed by George W. Bush has been hired by crypto exchange Kraken …

“Kraken made headlines recently for refusing to participate with the New York Attorney General’s April inquiry into cryptocurrency exchanges” writes Frank Chaparro for businessinsider.com. The San Francisco-based firm has hired Mary Beth Buchanan, a former federal prosecutor appointed by President George W. Bush, as its general counsel.The AG’s office asked 13 cryptocurrency exchanges, including Kraken, to share information regarding market manipulation and investor protections.Outside of the AG’s inquiry, a number of legal question hang over cryptocurrency exchanges, incuding how they should be regulated. Source: businessinsider.com Share This:

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Crypto News 

Coinbase is getting ready to expand its cryptocurrency offering after a new acquisition

“Cryptocurrency exchange Coinbase is looking to circumvent regulatory hurdles and add new coins to its portfolio with the acquisition of Paradex, a service which allows users to trade cryptocurrencies without relying on a trusted third party” writes Stan Schroeder for mashable.com. But make no mistake, Paradex will effectively allow Coinbase users to trade in hundreds of new cryptocurrencies, which is a huge step for the company.This is an important move for Coinbase, which is the top U.S. cryptocurrency exchange with more than 20 million customer accounts and $20 billion in…

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Crypto News Platforms 

Coinbase acquires decentralized cryptocurrency trading platform Paradex

“NEW YORK, May 23 (Reuters) – Cryptocurrency exchange Coinbase has acquired Paradex, a platform that enables users to trade virtual coins directly with each other, the San Francisco-based company said on Wednesday” writes Anna Irrera for reuters.com. Coinbase will “eventually” offer access to Paradex services to its U.S. customers after it implements “changes for compliance purposes,” it said.The exchange offers trading in four of the largest coins: bitcoin, ether, litecoin and bitcoin cash.Coinbase plans to make some enhancements to the technology and launch Paradex’s services to customers outside of the…

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Crypto News Platforms 

Coinbase is shutting down GDAX to launch new ‘Pro’ cryptocurrency exchange

“Popular cryptocurrency exchange desk Coinbase has announced plans to shutter its digital asset platform GDAX to launch the brand new Coinbase Pro which will cater specifically to crypto-traders” writes May Utc for thenextweb.com. Aside from the new exchange platform, the San Francisco-based company also revealed it will be launching its own Coinbase Wallet in the near future.For the record, GDAX currently stands as the eighth biggest cryptocurrency exchange desk with a trading volume of a little over $280 million, according to CoinMarketCap stats.While both platforms will remain active for the…

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News 

NYSE appoints Stacey Cunningham as its first female president

“Cunningham became NYSE’s chief operating officer in June 2015 and managed the company’s cash equities markets, relationship management, product management, and NYSE governance services” writes Peter Foley for cnbc.com. The new investment vehicle would be the first of its kind to be raised by an activist hedge fund such as Third Point. Source: cnbc.com Share This:

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Crypto Markets News 

A UK trading platform is launching a crypto exchange pitched at banks and hedge funds

“LMAX Exchange was launched in 2010 as a multilateral trading venue for foreign exchange and has transacted over $10 trillion of fiat currency since launch” writes Oscar Williams-grut for businessinsider.com. We believe our new exchange will support the transformation of the crypto market from the fringes to the mainstream.Crypto hedge funds have also been springing up, with an estimated 167 launched in 2017 according to research firm Autonomous Next.Crypto hedge funds have largely relied on “over the counter” market makers to purchase cryptocurrencies rather than transparent and centralized exchanges.Banks and…

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