The president of the New York Stock Exchange, Lynn Martin, declared during the Consesus 2024 event held by the specialized media “CoinDesk”, that to offer cryptocurrencies they must wait for there to be clear rules and regulations on the matter.

According to Martin, “crypto assets would represent an opportunity to take into account,” but clarity in regulations is required from the government.

There are various obstacles around digital currencies that prevent the migration of traditional companies as well as the adoption of existing blockchain platforms to adapt to the current trend.

This was stated at the event’s round table by Tom Farley, CEO of the Bullish cryptocurrency exchange, stating that “the lack of regulation is also hindering innovation.”

He indicated that regulators will most likely force “traditional finance companies (TradFi) to develop private blockchains instead of using existing blockchains for their operations.”

Farley highlighted that the success of spot Bitcoin exchange-traded funds (ETFs) is a clear sign that there is demand for regulated crypto products.

There is a long way to go, however Donald Trump’s change in attitude towards Bitcoin could represent a boost to the increase in its adoption and pave the way in regulatory matters.

M.Pino

Source: bancaynegocios

(Reference image source: David Vives in Unsplash)

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La entrada New York Stock Exchange awaits clear regulations to offer cryptocurrencies apareció primero en Bitfinance.

The Exodus cryptocurrency wallet goes public today on the New York Stock Exchange (NYSE). The platform indicated that its shares will also be tokenized on the Algorand blockchain.

The wallet’s debut on the exchange was announced Monday in a statement from Exodus Movement, the company that develops the eponymous self-custody cryptocurrency wallet.

Commenting on this important step, JP Richardson, co-founder and CEO of Exodus, stated: “Joining NYSE American marks an important milestone in our journey. Trading on the NYSE American will allow Exodus to create greater long-term value for our shareholders by increasing our presence within the investment community and, in turn, increasing liquidity.”

The company will also issue shares in the form of digital tokens on the Algorand (ALGO) blockchain, making the company the first to take this leap.

In this regard, Richardson has shown his enthusiasm, stressing that “this process will benefit investors by making it faster and easier to trade shares.”

M.Pino

Source: diariobitcoin

(Reference image source: Mariia Shalabaieva in Unsplash)

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La entrada Exodus crypto wallet enters the New York Stock Exchange apareció primero en Bitfinance.

Argentine companies listed on the New York Stock Exchange experienced an impressive increase in their values during the first hours of trading on Wall Street, with increases that in many cases exceeded the double-digit threshold.

Standing out for its extraordinary rise and volume, YPF recorded a 36% increase in the first 40 minutes after opening; Another company in the sector, Transportadora Gas del Sur, also saw a solid increase of 22%, while Pampa Energía had a more moderate increase of 7%.

In the banking and financial sector, Grupo Financiero Galicia led the increases with an impressive 23%; Banco Macro was not far behind, with an increase of 19%; Cresud experienced a 21% increase; BBVA Argentina, a solid 16%; and Grupo Supervielle, a respectable 12%.

The Loma Negra cement company also added to the gains with an increase of 12%; steelmaker Tenari achieved a modest increase of 1.8%, while Telecom Argentina saw an increase of 4%.

With banking and exchange operations inactive in Argentina, attention is focused on the behavior of the so-called “Bitcoin dollar”, one of the numerous alternative quotes in the South American country, which has experienced a strong rebound since Milei’s victory last Sunday , exceeding the mark of 1,000 pesos per unit.

K. Tovar

Source: Bancaynegocios

(Referential image source: X,@Gonurel)

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La entrada Argentine companies soar on the New York Stock Exchange apareció primero en Bitfinance.

The Chinese e-commerce giant Alibaba assured that it “will strive” to maintain the trading of its titles on the New York Stock Exchange (NYSE), after the United States Securities Market Commission (SEC) has threatened to exclude it from quote for 2024.

The Chinese company confirmed that last week it was singled out by the SEC, along with other Chinese companies, after the US regulator determined that Alibaba Group had failed to facilitate inspection of its accounting for the fiscal year ending March 31.

In this situation, if the accounts of a US-listed company cannot be audited for a period of three consecutive years, the SEC is obliged to prohibit the securities of said company from being traded on any of the US markets, including the New York Stock Exchange or in the US “over-the-counter” markets.

Alibaba, which recently announced its intention to become a primary dual-listed issuer on the New York and Hong Kong stock exchanges, stressed that it will comply with applicable laws and regulations and “endeavour to maintain its listing status on both the NYSE and the the Hong Kong Stock Exchange.

K. Tovar

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Source: Diariosigloxxi

La entrada Alibaba will seek to remain on the New York Stock Exchange apareció primero en Bitfinance.

Polestar manufacturer of premium electric cars, of Swedish origin, will debut this Friday on the New York Stock Exchange, considered the world’s stock market, through a partnership with “Gores Guggenheim, a Special Purpose Acquisition Company (SPAC), in one of the most common modalities in recent times to enter the stock market.

The companies estimate to get some 850 million pains in its launch and to date have managed to book “at least a maximum of 25 percent in the preliminary round.”

Thomas Ingenlath, CEO of Polestar, indicated that the automotive company will be listed on the Nasdaq, which is a benchmark market for technology shares and a true “milestone” for the company. “We are excited about the future of Polestar and will continue to build world-class electric cars, expanding into more markets around the world.”

Separately, Alec Gores, Chairman of the Gores Guggenheim Investment Fund, which currently manages some $800 million in assets, added: “We are proud of the momentum Polestar has generated in recent months.”

The brand of the Asian giant

In 2017, the Swedish automobile leader Volvo founded an automotive brand, which was established as a new independent manufacturer, with expansion in the luxury car segment and is part of the Chinese group Geely, one of the great global market dominators.

The car models manufactured by Polestar are made in two of Geely’s factories, the Asian giant, although the company plans to build a plant in the United States.

By 2023, the Polestar company, in its expansion strategy, plans, in addition to building the factory in the United States, to venture into 30 different world markets and although it currently only has two car models; the Polestar 1 and 2. It plans to launch three new models in the next two years.

M. Rodríguez

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Source: finanzas.com

La entrada Polestar debuts on the New York Stock Exchange apareció primero en Bitfinance.

The popular platform for buying and selling cryptocurrencies, Coinbase, has announced its IPO on the New York Stock Exchange this coming April 14th, informing that it will be listed on the Nasdaq technology index.

The decision was made at a key point for the main cryptocurrency, bitcoin, which is at its highest point, although with strong volatility, since the beginning of the month.

According to statements by the company, the platform will be launched on the market by direct listing, an alternative method before the Public Offering of Sale (IPO) where Coinbase does not expect to attract new economic income.

According to data collected by the Bloomberg news agency, Coinbase’s average share price between January and March 15 was $ 343.58, which would give the company a public market valuation of about $ 67.6 billion, which is equivalent to 57,500 million euros, based on the total number of shares outstanding up to that date.

Like other quotes, a reference price is expected to be revealed a day before Coinbase’s launch to the Stock Exchange, which will serve as a guide for investors.

K.Villarroel

Source: Hispanopost

La entrada Coinbase to go public on April 14th apareció primero en Bitfinance.