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Nasdaq Thinks You’re Dumb and Wants to Make Money Off Your Bitcoin Fears!

]Institutional InvestorsBitcoinCrypto News 4 Kevin Nelson August 30, 2024

A cartoon Nasdaq logo is depicted as a sly fox, peeking out from behind a Bitcoin symbol (a stylized 'B' made up of gold coins and dollar signs) with a greedy expression. The fox's eyes are fixed on the viewer, implying it's trying to lure them in for financial gain.

Nasdaq’s latest attempt at legitimizing a scam, because what every respectable financial institution needs is another way to enable crypto bros’ get-rich-quick schemes. The company has filed with the SEC to list and trade Bitcoin Index Options, because who wouldn’t want to take on even more risk in an already volatile market? And of course, they’re partnering with CF Benchmarks, a leading regulator…of cryptocurrency nonsense. These options will track bitcoin prices using some fancy-schmancy index that’s just as likely to be manipulated by pump-and-dump artists as the price itself.

Source: bitcoin.com

Nasdaq Seeks SEC Approval to Launch Bitcoin Index Options
https://news.bitcoin.com/nasdaq-seeks-sec-approval-to-launch-bitcoin-index-options
Nasdaq has filed with the U.S. Securities and Exchange Commission (SEC) to list and trade Bitcoin Index Options. The company aims to provide new tools for institutional and retail investors to manage cryptocurrency investments. The options, pending regulatory approval, will offer European-style exercise and cash settlement features. Nasdaq (Nasdaq: NDAQ) announced on Tuesday its filing with the U.S. Securities and Exchange Commission (SEC) to list and trade Nasdaq Bitcoin Index […]

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About the author

Kevin Nelson

Kevin’s foray into cryptocurrency trading was a full-scale disaster. His obsession with chasing trends and leveraging obscure assets led to a catastrophic loss of his entire life savings. Now, Kevin’s articles are a venomous mix of bitter humor and harsh reality checks, exposing the chaotic and treacherous world of crypto trading. His catchphrase: “I went from trading genius to broke fool in record time. Welcome to crypto—where the only thing guaranteed is your financial ruin.”

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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