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Can’t Happen With Bitcoin: Bakkt Receives Delisting Warning From NYSE

Crypto custody and trading platform Bakkt has received a warning from the New York Stock Exchange (NYSE) regarding its non-compliance with the stock exchange’s listing rules. According to the NYSE, the platform has not been able to maintain its closing share price above $1 for the past 30 days, hence facing delisting risk. Bakkt Plans to Resolve the Issue On Wednesday, Bakkt informed the NYSE of its intention to address the stock price discrepancy and comply with the required...

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Bakkt Receives US SEC’s Greenlight to Raise $150M in Capital, BKKT Shares Up Over 7%

CoinspeakerBakkt Receives US SEC’s Greenlight to Raise $150M in Capital, BKKT Shares Up Over 7% Bakkt announced that the US SEC approved its universal shelf registration in Form S-3 to raise up to $150 million in several offerings over the next three years. Bakkt Receives US SEC’s Greenlight to Raise $150M in Capital, BKKT Shares Up Over 7%

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Bakkt Partners With David Marcus’ Lightspark to Bring UMA to the Lightning Network

Bakkt, the New York-based digital assets platform, has joined LightSpark as one of the first partners in a bid to offer Universal Money Address (UMA) for KYC-verified transactions on top of the Lightning Network for B2B clients. LightSpark is headed by CEO David Marcus, who was previously in charge of Meta’s ambitious Diem project that never went live. Marcus’s new company has launched a service to make fast transactions leveraging Bitcoin on scaling solution, the Lightning...

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Bakkt Renews Focus on Crypto Custody Solutions as Client Interest Surges

Digital asset platform Bakkt Holdings is refocusing on its cryptocurrency custody solutions due to recent market events and increased client interest. In a Q2 earnings report, Bakkt touted its “compliant and trusted” custody platform, citing the current need for multi-custodian access and self-custodial functionality due to clients’ difficulty in storing digital assets safely. Bakkt Renews Focus on Crypto Custody Bakkt Custody was a core part of the firm’s business before its...

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Vegas Planet Hollywood Theater to Be Named After Crypto Platform Bakkt

The concert venue at Planet Hollywood in Las Vegas, Nevada has long been known as the Zappos Theater. The name, of course, stems from the famous online shoe company in which you can purchase any pair of shoes via the internet and have it delivered to your doorstep. Planet Hollywood and Bakkt Are Now Working Together Now, it appears the Planet Hollywood theater is going to have a new name, one that centers around a popular digital currency platform. The theater will be...

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Bakkt Q2 Revenue Jumped By 60% YoY: Report

Digital asset platform, Bakkt Holdings, which is majority-owned by Intercontinental Exchange (ICE), generated quarterly net revenue of $13.6 million, an increase of 60% year over year (YoY). Despite the bearishness in the market, Bakkt managed to trim its net loss to $27.6 million in the second quarter of the year, as per its latest financial report. This is an almost 13% upswing compared to the $31.9 million loss that it had registered during the same period last year. Due...

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BlockchainCom Negotiates IPO Terms With Banks to Go Public in 2022: Report

Another cryptocurrency company with aspirations to become a publicly-traded firm on Wall Street – BlockchainCom – has confirmed its initial plans that it aims to do so by the end of 2022. Ever since Coinbase set up the trend in April last year, the number of crypto-related organizations indicating plans to go public has soared. Bakkt, eToro, Core Scientific, PrimeBlock, and even Circle are some of the examples. BlockchainCom’s Chief Financial Officer – Macrina Kgil –...

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