カテゴリー: Bakkt

Two US Public Pension Funds Back New $40 Million Crypto VC

Two American Public Sector Pension Funds Back $40 Million Crypto VCTwo American public sector pension funds have reportedly backed a new cryptocurrency industry venture capital fund with a large tranche of a combined $40 million investment. The deal is being hailed as a show of confidence in the field from some of the most conservative types of investment managers. Also Read: In the Daily: New […]

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In the Daily: New FSB Chair Fears Crypto, Wikileaks Goes After CSW, Bakkt Update

In the Daily: New FSB Chair Fears Crypto, Wikileaks Goes After CSW, Bakkt UpdateIn this edition of The Daily we cover recent remarks from the new Chair of the Financial Stability Board (FSB), a spat between Wikileaks and Craig S. Wright (CSW), and the latest update about the upcoming institutional crypto platform Bakkt. Also Read: In the Daily: BCH Charity Anniversary, Lighting Wholesaler Takes Crypto, Atomicpay Vanity URLs […]

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The Daily: Bakkt Shares BTC Futures Details, Kucoin Adds Grin Trading Pairs

The Daily: Kucoin Adds Pairs With Grin, Bakkt Shares Details About BTC FuturesIn the first weekend edition of The Daily, crypto exchange Kucoin lists Mimblewimble coin Grin, giving it several trading pairs, and Bakkt releases product details about its upcoming futures contracts. Also, a Chinese investor sues a famous Israeli crypto entrepreneur for alleged fraud, while Malta issues a warning about a get-rich-quick “Bitcoin Revolution” scam. Also […]

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Demystifying Bitcoin Futures Trading

Bitcoin is still a young and inefficient market, as evidenced by its many peculiarities. For example, contracts for bitcoin futures on the Chicago Board Options Exchange (CBOE) have been trading in backwardation, which means contracts with a later expiration are trading consecutively lower. This is not a bearish indicator for prices, however, analysts explain. Also […]

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The Daily: Bittrex Opens OTC Desk, Bakkt Acquires Futures Team

The Daily: Bittrex Opens OTC Desk, Bakkt Acquires Futures FirmIn today’s edition of The Daily, we cover a number of stories that show how the cryptocurrency ecosystem is evolving to become more inviting to institutional investors. Bittrex exchange opens an OTC trading desk, Bakkt “acquihires” a futures compliance team, and Swiss investment bank Vontobel launches a custody solution. Also Read: Bitwise Asset Management Files […]

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Bakkt Completes First Round of Funding With $182.5 Million

Bakkt Completes First Round of Funding With $182.5 MillionIntercontinental Exchange’s upcoming cryptocurrency trading platform, Bakkt, has raised $182.5 million from a dozen investors. The funds will help develop an institutional-grade regulated crypto exchange, clearing and warehousing services for physical delivery and storage. The company now expects to provide an updated timeline on launching bitcoin daily futures contracts in early 2019. Also Read: Israeli […]

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Grant Thornton Attests USDC Is Backed by Fiat, Huobi Sets Up Communist Party Branch

Grant Thornton Attests USDC is Backed by Fiat, Huobi Establishes Communist Party BranchIn exchange news, we look at a major accounting firm’s attestation that all USDC tokens issued by Circle are fully backed by fiat dollars. We also focus on a Huobi Group subsidiary that has set up a Chinese Communist Party branch, as well as Bakkt, which has listed the reasons behind its move into bitcoin. […]

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Grant Thornton Attests USDC Is Backed by Fiat, Huobi Sets Up Communist Party Branch

Grant Thornton Attests USDC is Backed by Fiat, Huobi Establishes Communist Party BranchIn exchange news, we look at a major accounting firm’s attestation that all USDC tokens issued by Circle are fully backed by fiat dollars. We also focus on a Huobi Group subsidiary that has set up a Chinese Communist Party branch, as well as Bakkt, which has listed the reasons behind its move into bitcoin. […]

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The Daily: BTC Spot Index Launches, Futures Platform Delayed

The Daily: BTC Spot Index Launches, Futures Platform DelayedIn today’s edition of The Daily, we cover a number of developments in the institutional segment, including a new BTC spot index, a delay in the launch of a futures platform and an investment by Binance in an over-the-counter (OTC) trading desk in San Francisco. We also cover an investigation into Tether and, on a […]

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Bakkt Bitcoin Futures to Start Trading in December

Bakkt Bitcoin Futures to Start Trading in DecemberIntercontinental Exchange has announced that its Bakkt Bitcoin Daily Futures Contract will start trading on Dec. 12. Each trade “will result in physically delivered bitcoin” and will trade in U.S. dollar terms, the firm explained, adding that one contract will be listed for trading each exchange business day. Also read: Yahoo! Japan Confirms Entrance Into the Crypto […]

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