A blast from Bitcoin’s past is making a comeback, reaching a new all-time highs trading volume after abysmal launch turnout sent the cryptocurrency’s price tumbling last year. What’s going on with Bakkt that suddenly has its Bitcoin Futures trading desk soaring in trading activity? Bakkt The Truck Up: Remembering The Reason For Crypto’s 2019 Collapse…
Although the crypto industry has been closely watching to see when the highly anticipated physically settled Bitcoin (BTC) futures platform Bakkt officially launches, they have now been beaten by their competitor – LedgerX – who officially launched today. The platform is open to all US-based investors with a government issued ID and is not limited…
The only U.S. Bitcoin investment trust, GBTC, has dropped to its lowest levels of the year — down 10% last week alone. Bitcoin’s current price certainly has an effect, but these levels are more-so a response to a combination of other factors: high fees associated with the fund, investor attraction from GBTC competitors, and regulatory…
Jackson Palmer, the founder of the cryptocurrency Dogecoin, has discussed what he calls the “re-centralization” of the cryptocurrency markets, and notably criticized the direction the industry is heading. Growing Shift Away from Decentralization in Cryptocurrency Industry In a recent opinion piece published in Diar, Palmer begins his Op-Ed, titled “The Institutionalization of Cryptocurrency is a…
Oh, the timing… Amid a crypto bear market sell-off, which sparked Bitcoin’s foray under $4,500, one of this industry’s most-awaited, to-be-launched platforms have claimed that it will be formally delaying its launch. This announcement, frankly, couldn’t have come at a worse time. ICE-endorsed Bakkt “Target” January Release For Crypto Futures Since the announcement of Bakkt…
At the end of 2018 Bakkt announced the closure of its first round of financial funding as a huge success. It has just expanded on that success with the announcement of its first official acquisition, an independent futures commission merchant. Bakkt Buying Assets for Platform Launch On New Year’s Eve, New York Stock Exchange owner…
As Bitcoin ranges in the $6,000-7,000 range and regains its market dominance, many altcoins are being pushed to their year-to-date lows which is resulting in an overwhelmingly bearish market sentiment. Due to the negative market sentiment, mainstream media outlets have been quick to liken the 2018 crypto crash to the dot-com bubble burst in 2000.…
In short, no. Bakkt’s bitcoin futures launch yesterday was underwhelming but it has not had any impact on crypto markets which are doing exactly what they have done for the past couple of years. Another Slide For Crypto Assets Another day another dump. There is nothing out of the ordinary with today’s market action which…
In a recent development, the digital asset firm Bakkt delisted 25 tokens used in decentralized finance transactions from its trading platform, Apex Crypto. Bakkt acquired the platform in 2022 with 36 tokens, now 11 after the overhaul exercise. According to the firm, its reasons for delisting the tokens was to follow “up-to-date regulatory guidance.” 25…
After a dismal start, interest in Bakkt’s physically-settled Bitcoin futures is finally improving. The Intercontinental Exchange-backed venture has just recorded three consecutive days above $10 million in trading. The figures still lag far behind the 24-hour Bitcoin trading volume reported at other large trading venues. Compared to the volumes reported at Bakkt’s debut in September,…