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Bitcoin Surges Following News of Further Stimulus Chat

At the time of writing, the price of bitcoin has shot up by more than $300. It’s often been reported that September is a naturally bearish month for bitcoin and several other assets, but that it will usually fail to have any lasting effect on the price of the currency. It will not carry anything into the fourth quarter, and thus far, things are playing out as normal.Bitcoin Is Up Even More TodayThere is more good news in that it looks like bitcoin is becoming far more mature and much more...

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BTC Futures Trading on Bakkt Surges

It looks like Bakkt is experiencing a sudden surge in business.Bakkt Is Pulling a Few Unexpected PunchesRecently, it was reported that the institutional crypto trading platform owned and governed by the Intercontinental Exchange (ICO) was doing rather poorly as of late, having traded zero bitcoin options since mid-June. Now, more than 30 days later, that still hasn’t changed.However, the platform has witnessed a surge in bitcoin futures trading. Just last Monday alone, Coin Market Cap...

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Inconsistencies in the Bitcoin Space Are Widespread

There are several conflicting reports in the crypto world as of late. Despite the idea that bitcoin is surging like mad and is on the verge of once again striking the $11,000 range, it looks like things are very up and down otherwise for both miners and institutions.The Bitcoin Market Is Straddled with Ups and DownsRecently, Live Bitcoin News reported that Bit Farms, a cryptocurrency mining firm, is straddled with heavy debt and is struggling to repay the $20 million+ it owes by the time 2021...

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Bakkt: Rekordvolumen

Verhilft Bakkt Bitcoin zur Massenadaption? Gestern war das Handelsvolumen auf Bakkts Bitcoin-Futures-Handelsplattform so hoch wie nie. Nicht weniger als 8’619 Verträge wurde abgeschlossen. Bakkt ist die auf Kryptowährungen ausgerichtete Tochtergesellschaft der Intercontinental Exchange. Da jeder abgeschlossene Vertrag mindestens eine Bitcoin enthält, wurden gestern rund 97,5...

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Bitcoin Futures Hit New Highs as BTC Price Taps 11-Month Peak

The Intercontinental Exchange (ICE) backed Bakkt has just reported its largest single-day volumes for physically settled monthly Bitcoin futures contracts. On Monday, the figure hit a new record, trouncing the previous one. “Our Bakkt Bitcoin Futures reached a new record high of 11,509 contracts traded today – an increase of 85% from our last record-setting day,” – Bakkt tweeted. Physically-settled contracts are paid out in BTC as opposed to cash-settled ones that get delivered in USD....

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Bakkt Hasn’t Experienced Any BTC Options Trading Since Mid-June

Is it safe to say that Bakkt has been a total failure?Bakkt Really Hasn’t Amounted to MuchIt has been roughly one year since the institutional crypto trading platform came about, and one honestly wonders what it’s contributed to the space, especially when examining the latest trading figures the platform has been experiencing. For more than a month, bitcoin options have not been traded via the platform, and since June 15 of this year, the numbers for Bakkt have been stuck at a big fat zero.To...

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$1 Billion Bitcoin Options Expire On Friday: Upcoming Showtime For BTC Price?

The notional value of Bitcoin options contracts set to expire tomorrow has reached a new record by exceeding $1 billion. With such a massive amount, the question remains how and if it will impact the price of the primary cryptocurrency.BTC Option Contracts To The MoonAs CryptoPotato reported shortly after the mid-March panic sell-offs, Bitcoin options trading volume was declining, especially on regulated exchanges. However, the tide has turned since then, according to the cryptocurrency...

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Bakkt Partners With Galaxy Digital To Offer Bitcoin Trading And Custody For Institutions

Bakkt, the Bitcoin derivatives trading and custody platform owned by the Intercontinental Exchange (ICE), has partnered with the investment management company Galaxy Digital to launch a joint trading and custody venture for digital assets.The official announcement unveiled earlier today informs that Galaxy Digital Trading, an affiliate of Galaxy Digital, will provide the market access and trading capabilities for the new collaboration. The Bakkt Warehouse, on the other hand, will serve as the...

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Bakkt wächst weiter: 70 neue Kunden

Seit Montag, dem 22. Juli 2019 bietet Bakkt seine Dienstleistungen für die ersten Kunden an. Im vergangenen Jahr ging die Bitcoin-Future-Plattform von Bakkt an den Start. Die ersten Tage waren eher enttäuschend, dennoch ist die Zahl der Kunden inzwischen deutlich gestiegen. Einem aktuellen Blogpost zufolge betreut Bakkt nun mehr als 70 institutionelle Anleger. Für normale...

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Bakkt Expands Loyalty Program, Increases Insurance Coverage, and Onboards 70 New Clients

Bakkt, the Bitcoin futures contract platform of the Intercontinental Exchange (ICE), has partnered with an insurance broker to increase its coverage by an additional $500m. The company also announced the onboarding of 70 new institutional clients and the expansion of its loyalty program.Bakkt Increased Its Insurance CoverageEarlier today, Bakkt’s President Adam White shared a blog post regarding the latest developments coming from the firm. Firstly, Bakkt has partnered with Marsh – one of the...

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