{"id":126233,"date":"2018-04-27T06:30:07","date_gmt":"2018-04-27T10:30:07","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=126233"},"modified":"2021-08-17T23:44:07","modified_gmt":"2021-08-18T03:44:07","slug":"gemini-exchange-announces-security-partnership-with-nasdaq-to-protect-against-price-manipulation","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/gemini-exchange-announces-security-partnership-with-nasdaq-to-protect-against-price-manipulation","title":{"rendered":"Gemini Exchange Announces Security Partnership with NASDAQ to Protect Against Price Manipulation"},"content":{"rendered":"

A major criticism of the cryptocurrency market is its infamous volatility; allegedly due to \u2018whales\u2019 and computerized trading bots. Taking a strong step in this regard is <\/b>Gemini Exchange<\/b><\/a>, which announced a security partnership with <\/b>NASDAQ<\/b><\/a>, the world\u2019s second-largest stock exchange, to protect against the fraudulent market behavior<\/b><\/p>\n

Announced publicly<\/a> on April 25, Nasdaq would provide Gemini with a surveillance software called SMARTS<\/a>. The financial terms of this deal are still confidential.<\/p>\n

Cameron Winklevoss, one of the founders of Gemini, is a staunch supporter of creating a marketplace which is firmly rooted in strict rules and regulations.<\/p>\n

SMARTS is part of Nasdaq\u2019s market-technology business, in which the New York-based exchange group sells software to other exchange operators. The surveillance technology is used by equities and derivatives exchanges around the world, including Intercontinental Exchange Inc., Hong Kong Exchanges and Clearing Ltd. and the Nigerian Stock Exchange.<\/p>\n

\"\"<\/p>\n

(File Photo of NASDAQ SMARTS. Image Courtesy \u2013 Korea BizWire)<\/i><\/p>\n

On detecting unusual trading patterns, the technology that monitors real-time activity raises an alert. Once alerted, human supervisors evaluate if the activity is worthy of an investigation or not.<\/p>\n

SMARTS will play an essential role at Gemini. It will be in charge of monitoring the trading of two of the largest cryptocurrencies; bitcoin and ethereum.<\/p>\n

Price Volatility Leading to Increasing Regulatory Interest<\/h2>\n

In the wake of cryptocurrencies turning into a popular investment option, the number of controversies and frauds have increased. However, government officials are taking steps in this regard, and working towards providing a strict regulatory framework which ensures investors funds are not misused or exposed to frauds.<\/p>\n

To understand the crypto-exchange business better, New York\u2019s Attorney General Eric Schneiderman, sent a letter<\/a> to 13 firms operating in the sector and demanded the firms to explain their working, their business model and steps taken by them to fight manipulation.<\/p>\n

NASDAQ Says it Will \u201cConsider\u201d Becoming a Crypto Exchange<\/h2>\n

On April 25 the CEO of NASDAQ, Adena Friedman, voiced her support of cryptocurrencies during an interview<\/a> with CNBC<\/em>.<\/p>\n

According to Friedman:<\/p>\n

\u201cI believe that digital currencies will continue to persist\u2026it\u2019s just a matter of how long it will take for that space to mature. Once you look at it and say, \u2018do we want to provide a regulated market for this?\u2019 Certainly, Nasdaq would consider it.\u201d<\/b><\/p><\/blockquote>\n

With the rising institutional interest in cryptocurrency \u2013 presumably for making profits rather than exploring the technology \u2013 \u00a0banks, hedge funds, financial houses are acknowledging bitcoin\u2019s rise as a \u201c new market trend.\u201d The involvement of governments and famous stock exchanges \u2013 such as NASDAQ \u2013 lends more credence to that notion.<\/p>\n

Friedman echoed with SEC\u2019s classification of cryptocurrencies as \u201csecurities,\u201dsaying:<\/p>\n

\u201cICOs need to be regulated. The SEC is right that those are securities and need to be regulated as such.\u201d<\/b><\/p><\/blockquote>\n

The SMARTS partnership with Gemini Exchange further proves that Friedman means serious business, instead of baseless promises.<\/p>\n

NASDAQ is gradually, but certainly, increasing their exposure to the digital asset class. On April 10, BTCManager<\/i> reported<\/a> the stock exchange\u2019s partnership with San Diego based ETF firm, Reality Shares, to launch two blockchain-related funds.<\/p>\n

The post Gemini Exchange Announces Security Partnership with NASDAQ to Protect Against Price Manipulation<\/a> appeared first on BTCMANAGER<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

A major criticism of the cryptocurrency market is its infamous volatility; allegedly due to \u2018whales\u2019 and computerized trading bots. Taking a strong step in this […]<\/a><\/div>","protected":false},"author":1064,"featured_media":37195,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[1],"tags":[],"acf":[],"yoast_head":"\nGemini Exchange Announces Security Partnership with NASDAQ to Protect Against Price Manipulation - InsideBitcoins.com<\/title>\n<meta name=\"description\" content=\"Gemini Exchange has announced a strategic security partnership with NASDAQ to protect against fraudulent market behavior.\" \/>\n<meta name=\"robots\" content=\"max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/126233\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gemini Exchange Announces Security Partnership with NASDAQ to Protect Against Price Manipulation\" \/>\n<meta property=\"og:description\" content=\"Gemini Exchange has announced a strategic security partnership with NASDAQ to protect against fraudulent market behavior.\" \/>\n<meta property=\"og:site_name\" content=\"InsideBitcoins.com\" \/>\n<meta property=\"article:published_time\" content=\"2018-04-27T10:30:07+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-08-18T03:44:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2017\/03\/bitcoin-1813505_1280_featuredv2.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"600\" \/>\n\t<meta property=\"og:image:height\" content=\"310\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Shaurya Malwa\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shaurya Malwa\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/126233#article\",\"isPartOf\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/126233\"},\"author\":{\"name\":\"Shaurya Malwa\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/person\/1f7149b7ce74f29325ce35850d1a5de6\"},\"headline\":\"Gemini Exchange Announces Security Partnership with NASDAQ to Protect Against Price Manipulation\",\"datePublished\":\"2018-04-27T10:30:07+00:00\",\"dateModified\":\"2021-08-18T03:44:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/126233\"},\"wordCount\":543,\"publisher\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"},\"articleSection\":[\"More Crypto News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2018\",\"copyrightHolder\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/126233#primaryimage\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/126233\",\"url\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/126233\",\"name\":\"Gemini Exchange Announces Security Partnership with NASDAQ to Protect Against Price Manipulation - InsideBitcoins.com\",\"isPartOf\":{\"@id\":\"https:\/\/insidebitcoins.com\/#website\"},\"datePublished\":\"2018-04-27T10:30:07+00:00\",\"dateModified\":\"2021-08-18T03:44:07+00:00\",\"description\":\"Gemini Exchange has announced a strategic security partnership with NASDAQ to protect against fraudulent market behavior.\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/126233\"]}],\"primaryImageOfPage\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/126233#primaryimage\"},\"image\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/126233#primaryimage\"}},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/insidebitcoins.com\/#website\",\"url\":\"https:\/\/insidebitcoins.com\/\",\"name\":\"InsideBitcoins.com\",\"description\":\"Search & Compare Brokers within Crypto, Forex & Stocks\",\"publisher\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/insidebitcoins.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/insidebitcoins.com\/#organization\",\"name\":\"InsideBitcoins\",\"url\":\"https:\/\/insidebitcoins.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/07\/insidebitcoins.svg\",\"contentUrl\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/07\/insidebitcoins.svg\",\"width\":195,\"height\":32,\"caption\":\"InsideBitcoins\"},\"image\":{\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/person\/1f7149b7ce74f29325ce35850d1a5de6\",\"name\":\"Shaurya Malwa\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/a971340c109192a97d2b8026b41847ff?s=96&d=mm&r=pg\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/a971340c109192a97d2b8026b41847ff?s=96&d=mm&r=pg\",\"caption\":\"Shaurya Malwa\"},\"url\":\"https:\/\/insidebitcoins.com\/news\/author\/shaurya-malwa\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Gemini Exchange Announces Security Partnership with NASDAQ to Protect Against Price Manipulation - InsideBitcoins.com","description":"Gemini Exchange has announced a strategic security partnership with NASDAQ to protect against fraudulent market behavior.","robots":{"max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/126233","og_locale":"en_US","og_type":"article","og_title":"Gemini Exchange Announces Security Partnership with NASDAQ to Protect Against Price Manipulation","og_description":"Gemini Exchange has announced a strategic security partnership with NASDAQ to protect against fraudulent market behavior.","og_site_name":"InsideBitcoins.com","article_published_time":"2018-04-27T10:30:07+00:00","article_modified_time":"2021-08-18T03:44:07+00:00","og_image":[{"width":600,"height":310,"url":"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2017\/03\/bitcoin-1813505_1280_featuredv2.jpg","type":"image\/jpeg"}],"author":"Shaurya Malwa","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Shaurya Malwa","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/126233#article","isPartOf":{"@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/126233"},"author":{"name":"Shaurya Malwa","@id":"https:\/\/insidebitcoins.com\/#\/schema\/person\/1f7149b7ce74f29325ce35850d1a5de6"},"headline":"Gemini Exchange Announces Security Partnership with NASDAQ to Protect Against Price Manipulation","datePublished":"2018-04-27T10:30:07+00:00","dateModified":"2021-08-18T03:44:07+00:00","mainEntityOfPage":{"@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/126233"},"wordCount":543,"publisher":{"@id":"https:\/\/insidebitcoins.com\/#organization"},"articleSection":["More Crypto News"],"inLanguage":"en-US","copyrightYear":"2018","copyrightHolder":{"@id":"https:\/\/insidebitcoins.com\/#organization"},"image":{"@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/126233#primaryimage"}},{"@type":"WebPage","@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/126233","url":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/126233","name":"Gemini Exchange Announces Security Partnership with NASDAQ to Protect Against Price Manipulation - InsideBitcoins.com","isPartOf":{"@id":"https:\/\/insidebitcoins.com\/#website"},"datePublished":"2018-04-27T10:30:07+00:00","dateModified":"2021-08-18T03:44:07+00:00","description":"Gemini Exchange has announced a strategic security partnership with NASDAQ to protect against fraudulent market behavior.","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/126233"]}],"primaryImageOfPage":{"@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/126233#primaryimage"},"image":{"@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/126233#primaryimage"}},{"@type":"WebSite","@id":"https:\/\/insidebitcoins.com\/#website","url":"https:\/\/insidebitcoins.com\/","name":"InsideBitcoins.com","description":"Search & Compare Brokers within Crypto, Forex & Stocks","publisher":{"@id":"https:\/\/insidebitcoins.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/insidebitcoins.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/insidebitcoins.com\/#organization","name":"InsideBitcoins","url":"https:\/\/insidebitcoins.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/insidebitcoins.com\/#\/schema\/logo\/image\/","url":"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/07\/insidebitcoins.svg","contentUrl":"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/07\/insidebitcoins.svg","width":195,"height":32,"caption":"InsideBitcoins"},"image":{"@id":"https:\/\/insidebitcoins.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/insidebitcoins.com\/#\/schema\/person\/1f7149b7ce74f29325ce35850d1a5de6","name":"Shaurya Malwa","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/insidebitcoins.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/a971340c109192a97d2b8026b41847ff?s=96&d=mm&r=pg","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a971340c109192a97d2b8026b41847ff?s=96&d=mm&r=pg","caption":"Shaurya Malwa"},"url":"https:\/\/insidebitcoins.com\/news\/author\/shaurya-malwa"}]}},"modified_by":"lone","_links":{"self":[{"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/126233"}],"collection":[{"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/users\/1064"}],"replies":[{"embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/comments?post=126233"}],"version-history":[{"count":0,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/126233\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/media\/37195"}],"wp:attachment":[{"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/media?parent=126233"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/categories?post=126233"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/tags?post=126233"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}