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Bakkt Bitcoin Futures to Start Trading in December

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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

Ethereum Price Watch: Bitcoin Drops by 5% Overnight, Drags Ether Below the $200 Mark Along With It

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In a drastic turn of events, Ethereum, the world’s second largest cryptocurrency by total market capitalization, has seen a drop of more than 11% in its relative value during the past 24-hours. As is clear from the chart below, Ether’s downward slide started yesterday afternoon when within a couple of hours the currency stooped from … Read more

Bitcoin ETFs Rejected Again: SEC Denies 9 Hopefuls in 3 Decisions

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The United States Securities and Exchange Commission (SEC) has issued three published decisions, covering nine different Bitcoin ETFs. Applications put forward by Direxion, Pro Shares, and Granite Shares were rejected along largely the same lines of argument. Also read: Meet Bitmain Founder Jihan Wu: A Most Important Man in Crypto Bitcoin ETFs Denied in Three Published … Read more

Blockchain Could Transform Commodities Trading, but Major Challenges Exist: BCG Report

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Blockchain technology could be a godsend for the commodities trading industry. Transparency between market participants, real-time tracking of goods, and the possibility of proactive regulation are among the benefits that make the blockchain a perfect fit for the industry. However, according to a report compiled by the Boston Consulting Group, it’s not so straightforward. In … Read more