The parent company of the New York Stock Exchange is getting into cryptocurrencies. Lynn Martin, President and COO of ICE Data Services joined us on set to explain why they decided to launch a new service for hedge funds and professional traders.
The intercontinental exchange is introducing a new data feed along with blockchain tech startup, Blockstream, called the Cryptocurrency Data Feed. The new digital offering will provide traders with real-time trading data for more than 15 cryptocurrency exchanges and can be used by high-frequency traders and quantitative hedge funds. Martin said providing transparency to markets was a key factor influencing the group's decision.
ICE isn't the only exchange looking at cryptocurrency data. Data players such as Bloomberg and Thomson Reuters both broadcast prices of major digital currencies on their terminals. Martin said her service is different because, with the Blockstream partnership, they'll have data for over 80% of the transaction market.
Microsoft has announced that it's hired Sam Altman and another co-founder of ChatGPT maker OpenAI after they unexpectedly departed the company days earlier in a corporate shakeup that shocked the artificial intelligence world.
Many factors lie behind the disconnect, but economists increasingly point to one in particular: The lingering financial and psychological effects of the worst bout of inflation in four decades.
Advertisers are fleeing social media platform X over concerns about their ads showing up next to pro-Nazi content, hate speech on the site in general or billionaire owner Elon Musk’s own posts endorsing an antisemitic conspiracy theory.
Big Business This Week is a guided tour through the biggest market stories of the week, from winning stocks to brutal dips to the facts and forecasts generating buzz on Wall Street.
The board of ChatGPT-maker Open AI said Friday it has pushed out its co-founder and CEO Sam Altman after a review found he was “not consistently candid in his communications” with the board.
