Bakkt Bitcoin Futures Could See Green Light in Just 10 Days

Bakkt could soon proceed with its Bitcoin futures product if the CFTC does not raise any objections within 10 days. We’ll Be Bakkt…Soonish Bakkt could be cleared to proceed in just 10 short days pending Commodity Futures Trading Commission (CFTC) approval. Or rather, pending lack of CFTC disapproval. In other words, you probably won’t be trading Bakkt futures in 11 days…

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5 Plausible Reasons Bitcoin Price Exploded Over the Weekend

The buying frenzy may have cooled off a bit, yet Bitcoin is still keeping its head above the $7,000 mark. What caused Bitcoin price to skyrocket this time around? Digging a little deeper, it appears it was not retail-driven. Why Bitcoin Price Went Ballistic Oftentimes when we see a Bitcoin buying frenzy, it’s fuelled by FOMO. That’s always a consideration when…

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NYSE Owner Seeking Bitcoin Custody ‘NY Trust’ License

Bakkt is taking what it hopes will be another significant step toward obtaining regulatory approval as its parent company – Intercontinental Exchange (ICE), acquires Bitcoin custody platform. ICE also plans to register the company as a licensed trust in New York State. ICE Acquires Bitcoin Custody Platform Bakkt announced the news in a Medium post by company Chief Operating Officer (COO)…

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Bitcoin Price Posts 5 Weeks Of Consecutive Gains

The Bitcoin price has completed its fifth week of gains to give investors a modest crypto spring, but concerns about a fresh bear market remain. Bitcoin Price on a (Slow) 5-Week Winning Streak That was the summary given by online traders this weekend as Bitcoin completed over a month of weekly advances. As last week closed, BTC/USD just scraped a higher…

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Bakkt Competitor Coinflex Sees Investments From Polychain and Digital Currency Group

Digital Currency Group and Polychain Capital have become the latest high-profile investors in the physically-delivered crypto futures exchange Coinflex.  Coinflex Gaining Steam Coinflex presents itself as the world’s first physically-delivered cryptocurrency futures exchange. According to a press release, the platform has managed to attract two more high-profile investors in the face of Barry Silbert’s Digital Currency Group and Polychain Capital. They…

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Bitcoin for Starbucks Coffee Poses Significant Tax Filing Issues

Using Bitcoin to pay for coffee at Starbucks might come with some difficult implications as far tax filings are concerned.  Increased Bitcoin Tax Filing Palaver As reported by Bitcoinist, part of the Bakkt launch will see the adoption of Bitcoin payment for coffee at Starbucks. Reports indicate that Starbucks had received a significant stake in Bakkt in exchange for allowing people…

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Starbucks Will Support Bakkt After ‘Disproportionately High’ Equity Deal

Bakkt, the New York Stock Exchange’s (NYSE) forthcoming cryptocurrency trading platform, will — in fact — feature Starbucks payments for users. ‘Coffee-For-Bakkt?’ This is according to an anonymous source familiar with a deal between Bakkt and its early-stage partner, which will see the latter accept the service in payment for its in-store products. The source was speaking to cryptocurrency news publication…

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Novogratz: Institutional Money Coming in the Next 6-12 Months

Former Wall Street hedge fund manager and popular Bitcoin proponent Mike Novogratz thinks that institutional money will start coming into the cryptocurrency market in the next 6 to 12 months as custody solutions are rolled out.  They Won’t “Rush In on Day One” Speaking on Bloomberg Daybreak: Middle East, the CEO at Galaxy Digital laid out his current position on Bitcoin and the…

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Bitcoin Will ‘Unequivocally’ Survive, Says NYSE Chairman

Jeff Sprecher, Chairman of the New York Stock Exchange, stated his belief in the future existence of bitcoin and cryptocurrencies. Answering the question, ‘Will digital assets survive?’ he said, “The unequivocal answer is ‘Yes’.” In Need of Reassurance Following yesterday’s news that Allianz’s Chief Economic Adviser is vouching for the longevity of bitcoin, NYSE Chairman, Sprecher, has stepped in to back…

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Ethereum Futures? Bakkt Hints It’s Open To Altcoins

Intercontinental Exchange’s delayed cryptocurrency “regulated ecosystem” Bakkt is already mulling the future addition of altcoins, the company hinted November 23. Bakkt: We’ll ‘Consider’ Non-Bitcoin Contracts In a tweet, executives said they would take into account “customer feedback” as a major motivating force when deciding which cryptocurrencies to support in addition to Bitcoin. Bakkt had eyed December 12 as a launch date…

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