Bakkt Completes First Round of Funding With $182.5 Million

Intercontinental 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 … Read more

Markets Slide as Speculators Prepare for December

It seemed like an eternity, but November has finally concluded, thus ending the worse month in the past seven years for Bitcoin. After November woes typically comes an exciting December. Last year, after dipping to local lows in November of US$6,000, Bitcoin saw an explosive rally to its all-time high of $20,000 the following month. … Read more

Could Affirmation from Bakkt, NASDAQ Signal Bottom for Bitcoin?

The recent delay of Bakkt and Bitcoin Cash fork drama have both worked to amplify the effects of an already brutal bear market over the course of the past weeks. As Bitcoin spiraled below US$4,000, more and more investors, traders, and miners have been forced out of their positions. Is the bottom in, or is … Read more

Bakkt Bitcoin Futures to Start Trading in December

Intercontinental 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 … Read more

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