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Bakkt

Crypto payment solutions are gaining traction worldwide

For many years, crypto enthusiasts and financial experts alike have been advocating that Bitcoin and other cryptocurrencies will only reach mainstream appeal when people are able to use them in daily life. Now, with more and more online and brick-and-mortar-stores accepting Bitcoin, it seems that this scenario is closer to coming true. Cryptocurrency awareness is higher than ever before, and not just among tech-savvy traders. Regular individuals are beginning to delve into the crypto sphere...

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Bakkt to Provide Bitcoin Custody but Its Product Raises Questions

Bakkt launched its institutional custody services. The Bakkt Warehouse launched with a robust insurance policy and a range of clients. Bakkt’s daily trading volume is picking up. Bakkt, a bitcoin futures exchange backed by the Intercontinental Exchange (ICE), announced that it is launching custodial services for institutional enterprises. This is not the first organization to provide bitcoin custody, but the firm believes that it would set the stage for the mass adoption of the technology....

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Stroustrup: I Don’t Like That C++ Has Given Way to BTC Mining

It’s awful when something you’ve created is being used in a bad way, and C++ software language creator Bjarne Stroustrup is feeling this firsthand, but how accurate are his thoughts?Stroustrup: Not a Big Bitcoin FanStroustrup is the builder of C++, which is a programming system that’s used to power all kinds of new software platforms – including bitcoin mining. In a recent interview, the tech genius explained that while he’s very proud of his creation on an individual level, he has no control...

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Bakkt Bitcoin Custody Warehouse Gets Ultra Secured and Available Worldwide

The venture hopes that with top guards surrounding the warehouse, security cameras, and iron doors, it will make the vault unbreakable. Bakkt is already setting the all-time highs with cryptocurrency trading. That’s why it will facilitate pentesters and third-party auditors to avoid hacks and other dangers at all costs.In the past, clients were able to trade Bitcoin futures. But only that. After receiving approval from the NYDFS, Bakkt sets everything to change. Now, accredited investors from...

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Trichet: BTC Will Hold No Power in the Future

Bitcoin isn’t for everyone, but Jean-Claude Trichet – the European Central Bank’s former president – appears to have a serious aversion towards the cryptocurrency.Trichet: BTC Is Not a CurrencyAt a recent summit, Trichet took a nasty stab at bitcoin, saying that it wasn’t even a currency and that crypto would not amount to much in the future. He said:I am strongly against bitcoin, and I think we are a little complacent. The [crypto]currency itself is not real, with the characteristics that a...

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Bakkt’s Institutional Bitcoin Custody Now Fully Licensed By The NYDFS

Bakkt, the Bitcoin futures trading platform of the Intercontinental Exchange (ICE), has received authorization from the New York Department of Financial Services (NYDFS) to provide bitcoin custody to all institutions. This further increases the authority of the platform in its path to providing institutions with a well-established and regulated Bitcoin futures trading platform.Bakkt’s Warehouse Licensed By The NYDFSAccording to an official announcement, Bakkt has received authorization from...

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Bakkt Rekord: 10 Millionen Tagesvolumen

Verhilft Bakkt Bitcoin zur Massenadaption? Erst kam der Hype, dann wollte sie keiner: die Bitcoin-Futures-Kontrakte von Bakkt. Doch nach jeder Ebbe kommt die Trading-Flut und so hat auch Bakkt ein neues Rekordhoch erreicht und das mit einem Tagesvolumen von 10 Millionen US-Dollar. Bakkt im Schlepptau des Bitcoin-Kurses Seit der Einführung bis zum 23. Oktober konnte Bakkt nur...

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Bitcoin Unexpectedly Drops to $8,000 Range

At press time, bitcoin has taken something of a nosedive and is now trading for a measly $8,800.Bitcoin Drops AgainWhile the price isn’t nearly as bad as it could have been, the currency has fallen below the $9,000 line, which is where it’s been for nearly two weeks. Things ultimately took a nasty turn for bitcoin and cryptocurrencies in general in late September when Bakkt – the institutional crypto trading platform owned by the Intercontinental Exchange (ICE) – debuted to rather lackluster...

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Is Bitcoin’s Current Weight Loss Related to Bakkt’s Volume Weight Gain?

Yesterday, Bakkt set a new record high just as the Bitcoin price fell as it’s wont to do. While the two events are relatively normal individually, it’s somewhat interesting that they happened around the same time, with the new Bakkt record coming in just as Bitcoin fell. What are traders thinking?Last year, the Intercontinental Exchange (ICE) announced its plans to float the Bakkt platform, the first-ever platform that would settle Bitcoin futures contracts physically. The anticipation began...

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Bakkt Posts Second Largest Trading Volume; Bullish for Bitcoin

Bakkt’s monthly futures volume surged to $10 million, the second-largest on record. The steady growth of Bakkt’s monthly futures volume may reflect the growing interest of institutional investors. In addition, the rise in volume is giving analysts more reason to be bullish on bitcoin. Bakkt’s monthly futures volume on Tuesday skyrocketed to 1,061 contracts. That number is 112 contracts short of ICE-operated platform’s all-time high of 1,183 contracts. The sudden volume surge came to the...

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