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'Moonshot' Bakkt Inches Closer to Launch with July Bitcoin Futures Testing

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bakkt

By CCN Markets: One of the major catalysts expected for the bitcoin price in 2019 is closer to becoming a reality. Bakkt, a bitcoin futures exchange owned by NYSE parent company ICE, will begin testing bitcoin futures trading next month. The regulated exchange made the announcement via a Medium blog post, and you could almost feel the crypto community breathing a collective sigh of relief. Bakkt...

NYSE Owner: Bakkt is Our 'Moonshot' Bitcoin Bet

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bitcoin dow jones industrial average

Bitcoin trading platform Bakkt is a "moonshot bet" for Intercontinental Exchange, the parent company of the New York Stock Exchange. That's the assessment of NYSE chairman Jeffrey Sprecher, who's also the CEO of ICE. While its launch has been delayed several times, Sprecher is optimistic that Bakkt will be worth the investment that ICE is making to nurture it. Sprecher made the remarks during a...

Breaking: Bakkt Raises $182 Million, What it Means for the State of Bitcoin Industry

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bakkt launch, bitcoin price

Bakkt, a cryptocurrency exchange and liquidity provider created by the New York Stock Exchange’s parent company ICE has raised $182.5 million from a group of high profile investors and venture capital firms. On December 31, on New Year’s Eve, Bakkt CEO Kelly Loeffler announced that Boston Consulting Group, CMT Digital, Eagle Seven, Galaxy Digital, Goldfinch Partners, Alan Howard, Horizons...

How Bakkt Could Affect the Bitcoin Price Unlike Existing Futures Markets

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Bakkt, bitcoin futures

Bakkt, a Bitcoin futures market operated by ICE, the parent company of the New York Stock Exchange (NYSE), is close to receiving a green light from the U.S. government. As CCN reported on December 21, Bakkt has been working with the Commodities and Futures Trading Commission (CFTC) to have its business plan approved, which revolves around the physical delivery of Bitcoin to its investors. What...

Pending Approval: Bakkt's Futures Contract Is Set to Be Launched

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Bakkt, bitcoin futures

Bakkt's Bitcoin (USD) Daily Futures Contract, the physically-settled daily futures contract, is quite close to getting the green light from the authorities, according to reports on the Wall Street Journal (WSJ). The exchange has been working with the Commodity Futures Trading Commission (CFTC) to ensure its business plan is compliant with the agency's regulatory framework. A couple of areas that...

What Crypto Winter? Nasdaq to Launch Bitcoin Futures Market: Report

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Nasdaq cryptocurrency

The world’s second largest stock exchange Nasdaq is planning to introduce a Bitcoin futures market within the first quarter of 2019. Sources told Bloomberg that Nasdaq has been cooperating with the Commodities and Futures Trading Commission (CFTC) to receive regulatory approval to operate as a compliant cryptocurrency futures market operator. The report read: “Nasdaq has been working to satisfy...

Big Milestone: Bitcoin on Track to Transfer More Value Than Mastercard Daily

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With a daily transaction volume of over $8 billion, Bitcoin (BTC) is on track to overtake Mastercard, the second largest credit card network in the world, in volume. On October 30, Mastercard released its financial results of the third quarter of 2018. Year-to-date, the credit card company has processed around $4.4 trillion. On a daily basis, Mastercard has settled nearly $12 billion per day...

Not All Gloomy: 79% Drop of Bitcoin is Smallest Major Correction to Date

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Bitcoin mining

Bitcoin (BTC) has experienced five major corrections to date, and the recent bear market of 2018 is the smallest major correction to date. As seen in a table shared by a renowned trader and technical analyst Peter Brandt, BTC experienced a drop of 79.7 percent in the past eleven months as its price declined from $19,500 to $4,035. On November 21, Bitcoin experienced a steep decline from $4,500 to...

Newsflash: NYSE Owner Delays Bakkt Bitcoin Futures Launch to 2019

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bitcoin etf, blockchain ETF

It looks like the crypto markets may not get a December boost from Wall Street after all. Intercontinental Exchange (ICE), the owner of the New York Stock Exchange (NYSE), on Tuesday announced that it would delay the launch of its much-anticipated bitcoin futures product until at least Jan. 24, 2019. That product, the Bakkt Bitcoin (USD) Daily Futures Contract, had been scheduled to go live on...

NYSE Owner's Bitcoin Futures Market Will Open in Mid-December

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bitcoin futures

Intercontinental Exchange (ICE), the owner of the New York Stock Exchange (NYSE), will list its highly-anticipated bitcoin futures contract in less than two months, on December 12. Known as a physically-settled daily futures contract, the contracts will be backed by actual bitcoins held in ICE's Digital Asset Warehouse. According to a press release, each futures contract will be validated through...

UK Banking Giant Barclays' Cryptocurrency Project ‘Put on Ice’: Report

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barclays cryptocurrency

Major investment bank Barclays has reportedly put its cryptocurrency trading project “on ice” amid a prolonged bear market that has dampened interest in the asset class among many investors. According to a Financial News report, the London-based financial institution shelved the project in September, leading to the departure of Chris Tyrer, the bank’s former head of energy trading who had been in...

‘Rehypothecation’: More about the Wall Street Practice that Could Ruin Bitcoin

bitcoin price collapse

Note: This is part 4 in a multi-part article series exploring rehypothecation and commingling in bitcoin and other cryptocurrency markets. Part 1 and part 2 are interviews with Caitlin Long and parts 3 and 4 ask the question, "How did we get to a place that where laws look like this?" The Problem with Clearing Beyond costs to the issuers themselves, this system has resulted in a huge rise in...

'Rehypothecation': Inside the Wall Street Practice that Could Ruin Bitcoin

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bitcoin fork crash

Note: This is part 3 in a multi-part article series exploring rehypothecation and commingling in bitcoin and other cryptocurrency markets. Part 1 and part 2 are interviews with Caitlin Long and parts 3 and 4 ask the question, "How did we get to a place that where laws look like this?" In order to understand why Wall Street veteran and cryptocurrency advocate Caitlin Long thinks that...

Interview: Caitlin Long on Cryptocurrency Regulation and Why Wyoming is the Next 'Crypto Valley'

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interview caitlin long

Note: This is part 2 in a multi-part interview series with Caitlin Long, a 22-year Wall Street veteran who formerly led Morgan Stanley's Pension Solutions Group. Long, an ardent blockchain advocate, has been critical of Wall Street's corrupt banking practices, which she fears institutions will integrate into their cryptocurrency products and services. Read part 1 here. Part 2 of CCN's Interview...

The U.S. Government Has Spent Millions Trying to Track Cryptocurrency Users

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cryptocurrency tracking

If you've ever wondered whether Uncle Sam is spying on your cryptocurrency transactions, a new report reveals that, if you reside or do business in the United States, the answer is probably yes. U.S. Govt. Goes All in on Tracking Cryptocurrency Usage Citing public records, research firm Diar reports that U.S. government agencies have collectively spent $5.7 million hiring contractors who perform...

NYSE Owner’s Bitcoin Market May Have 'Hidden Leverage,' Wall Street Vet Warns

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bitcoin dow jones industrial average

When Intercontinental Exchange (ICE), the owner of the New York Stock Exchange (NYSE), announced that it was launching a bitcoin market, the move was met with enthusiasm by many within the cryptocurrency industry as a vindication of the legitimacy of the asset class. However, others, including some Wall Street veterans, warned that the “financialization” of bitcoin could introduce elements of the...

Interview: Wall Street Vet Warns of ICE Bringing Bad Banking Practices to Crypto

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dow jones government shutdown

Caitlin Long is a Wall Street professional with 22 years of experience including running Morgan Stanley's pension solutions business. Recently, Long wrote an article about the financialization of cryptocurrency by Wall Street entities, describing the new initiative by ICE (owner of the New York Stock Exchange) to launch a new Bitcoin market called Bakkt as a "double-edged sword." Long spoke with...

Bitcoin Could be ‘First Worldwide Currency’: NYSE Owner

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NYSE Bitcoin ETF silvergate

The chief executive of the company that owns and operates the world’s largest stock exchange believes that bitcoin has the potential to be the world’s “first worldwide currency,” and he’s throwing his firm’s weight behind an ambitious plan to make that a reality. As CCN reported, Intercontinental Exchange (ICE) -- owner of the New York Stock Exchange (NYSE) -- is forming a new company, dubbed...

Breaking: World's Biggest Stock Exchange Operator is Launching a Bitcoin Market

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NYSE Silvergate IPO

Intercontinental Exchange (ICE), the owner of the New York Stock Exchange (NYSE), has announced that will list a physically-settled bitcoin futures contracts and form a new company whose mission is to make bitcoin a mainstream financial asset. ICE to Launch Physically-Settled Bitcoin Futures ICE made the groundbreaking announcement on Friday, revealing that the new platform -- Bakkt -- has been...

People Trust Satoshi Nakamoto More than US Federal Reserve: NYSE Owner

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NYSE Satoshi Nakamoto

International Exchange Inc. (ICE), the owner and operator of the New York Stock Exchange (NYSE) is keeping an eye on the nascent cryptocurrency trading markets. Speaking with Bloomberg, Jeffrey Sprecher, ICE’s chief executive, said that it is imprudent to discount cryptocurrencies and that he won’t rule out the possibility of launching cryptocurrency future contracts on one of the exchange...

NYSE Owner Will Launch Cryptocurrency Data Feed for Institutional Clients

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The owner of the New York Stock Exchange (NYSE) has announced that it will launch a Cryptocurrency Data Feed to provide institutional clients with real-time market information from cryptocurrency exchanges located throughout the world. NYSE Owner to Launch Cryptocurrency Data Feed for Institutional Clients Intercontinental Exchange (ICE) -- best known as the operator of the NYSE -- made the...

NYSE Owner: We Aren't Rushing Toward Bitcoin, Yet

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NYSE Satoshi Nakamoto

The owner of the world’s largest stock exchange does not believe it is wise to race to be the first U.S. exchange to list bitcoin futures contracts. Over the past several months, exchange operators have been rushing to bring the first regulated bitcoin futures contracts to market. Chicago-based CME Group appeared to have the early edge, and last week it announced it had received approval from the...

Federal Government Subpoenas Reddit for DarknetMarket User Info

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Following the Evolution exit scam, a Department of Homeland Security Immigration and Customs Enforcement (DHS/ICE) agent has sent an administrative subpoena to Reddit demanding information on five regular users of /r/darknetmarkets. The users whose information is being sequestered are: EVOSMITH NSWGREAT Z-L GWERN DEEPTHROAT_ Gwern Branwen Part of the Investigation One of these users, Gwern, is...