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Fidelity Digital Finally Gets Its NY Trading License

Boston-based mutual fund behemoth Fidelity, that has incorporated more than $2.8 trillion in assets, has finally won its license from the New York State Department of Financial Services, the company confirmed on Tuesday.Actually it’s the subsidiary of this giant, called Fidelity Digital that has been opting for the license since July this year. The license will enable it to work with New York companies by offering them custody services and cryptocurrency trading.The company said in the blog...

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Mit CME oder Bakkt in die Zukunft?

Verhilft Bakkt Bitcoin zur Massenadaption? Vor einer Weile kündigte Bakkt an, Bitcoin-Futures für US-Dollar anzubieten. So wollten sie mit der CME Group konkurrieren. Bakkt ging mit dem Projekt am 23. September online und der Bitcoin-Kurs brach prompt zusammen. Dabei handelte es sich um einen der schlimmsten Tage für Bitcoin in diesem Jahr: Am ersten Tag wurden nur 71 Verträge...

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Bakkt Plans to Widen Its Services with Consumer App

Bakkt, the physically-backed Bitcoin Futures contracts company recently confirmed that they are testing their consumer app for retail crypto traders. Allegedly dubbed Bakkt Pay, the app, they said they plan to increase the width of their area of services to a higher level. That includes focusing on putting the retail traders besides institution investors who are already the users of the Bakkt services in its futures trading.BREAKING!Bakkt testing consumer app in preparation for imminent lauch...

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Week in Review: Bitcoin Is Unexpectedly Bearish

At press time, bitcoin is trading for just over $8,400.Bitcoin: Bearish All Over Again?This figure marks a drop of roughly $700 over the past few days. The currency is incurring some very strange behavior as of late, though there doesn’t seem to be much of an explanation regarding why this behavior is happening.Let’s start off with the basics. To do this, we must go back to the end of October, when bitcoin was really trapped in a rut following the disappointing opening of Bakkt and the Mark...

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The Faces Behind The Rising Bitcoin Futures & Derivatives Market

The Bitcoin futures market has exploded like no one could have expected over the recent years, and it continues to grow. This summer, BitMEX hit a new record for BTC futures trading at over $16 billion.CME recently petitioned the CFTC to double its BTC futures trading capacity in the face of soaring interest. Binance had recently entered the space, and Bakkt has launched with its physically delivered BTC futures product (albeit somewhat tepidly).In the light of so much action among the margin...

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Bybit CEO: Leaking Clients Data Is A Huge Deal, Especially In Crypto (Exclusive Interview)

The cryptocurrency market has been rather interesting to monitor over the past few months, in the eyes of the typical crypto trader. There’s been a lot of action around the price of Bitcoin, crypto regulations, security, and even institutional interest.Amid all this, Cryptopotato had the chance to do an exclusive interview with Ben Zhou, the CEO of Bybit exchange. Recently hitting the 4 billion USD mark in daily traded volume, the exchange is quickly catching up to speed. It has managed to...

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Fundstrat ‘s Tom Lee Sets $25k Price Target for Bitcoin Comparing It to FAANG Stocks

On 15 November, during an interview for CNBC journalists, Tom Lee gives price prediction to set some fire. Cryptocurrency will show its potential as a “network value asset”, according to Tom. He said Bitcoin is similar to FAANG stocks that represent the top companies of the U.S. economy: Facebook, Apple, Amazon, Netflix, and Google. By referring to the shares of the companies above, Tom inkles that cryptocurrencies are gaining their value from supportive crowds:“Cryptocurrencies are network...

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Marsh Secures $150 Million in Crypto Insurance for Ledger’s Vault Users

A global leader in securing crypto assets and one of the most popular hardware wallets Ledger has decided to lure investors to custody their digital assets using its wallet. To achieve this goal, Ledger has partnered with a famous insurance broker Marsh that will help in securing insurance.Marsh has already arranged a $150 million insurance policy from Lloyd’s through Arch, its London-based syndicate. This sum will be used to custody various types of cryptocurrencies for users of the Ledger...

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Bakkt Will Offer Cash-Settled Bitcoin Futures to Singapore Before 2020

ICE Clear Singapore will be offering a new type of Bitcoin futures. Those are cash-settled ones, thus will also be available via ICE Futures. Venture funds from across Earth show their intent to work together with ICE‘s Bakkt too. Bakkt COO Adam White says that the new product is under discussion with the Monetary Authority of Singapore (MАS).When Bakkt first appeared on the horizon in 2018, it took almost a year to build their first product: physically-settled monthly Bitcoin futures. Their...

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Bitcoin Loses Key Support At $9,000 Following a Volatile Week: Weekly Crypto Market Update

We saw a busy week with events and attempts to influence the price. Bitcoin lost a key support level of $9,000 in a sudden move downwards which took its price to where it currently trades at around $8,700. However, the volatility continues and traders who’ve taken up leveraged positions might be in trouble as it’s quite difficult to keep up with the market.The month begins with a little enthusiasm and a quick correction which reminds us that the end of the year is approaching and there’s not...

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