Commentary

Erik Hoel
Traders Magazine Online News

Will The Bitcoin Bubble Pop Or Will It Envelop Us All?

Guest contributor Erik Hoel asks the question whether the worst is over for bitcoin holders, or still yet to come, what is yet to come? And why.

Traders Poll

In your opinion, what is the biggest hurdle facing the blockchain?

Cost of implementation

17%

Too many systems available

23%

Not applicable to my business

3%

Uncomfortable with the technology

33%

Nobody else is using it

23%

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January 1, 2002

Rough Quarter For Nasdaq

By Gregory Bresiger

Nasdaq, facing the same problems as the rest of the securities industry, had a difficult third quarter in 2001. Net income was $7.9 million compared to $22 million for the same period of last year. That translates into seven cents a share versus 18 cents a share in the year 2000 for the Washington-based group.

Revenues dropped by 2.5 percent to $197.7 million and expenses rose by 18 percent, compared to the same period of last year.

However, Nasdaq executives, noting the organization is making the transition to a for-profit exchange group and the problems caused by the war, said the results were expected.

"This has been a year in which we have continued to invest in and build our major strategic initiatives, while managing the business through continued soft market conditions," said Richard Ketchum, president of Nasdaq. Ketchum said that he expected the "soft market conditions" to continue in the fourth quarter.