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Bitcoin Is Very Much Alive, Says One Analyst

Earlier today, Forbes put out an article asking the question, “Is Bitcoin Dead?” The writer suggests that the currency is not necessarily deceased; just experiencing a nasty pullback of sorts, and that what could really sink it is if it doesn’t find a “killer app” that keeps it alive and in use.Bitcoin: It’s Still Chugging AlongIt’s funny how the minute something doesn’t seem to be doing well, people begin to question whether it had any prowess in the first place, and bitcoin is no exception....

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Bakkt Bitcoin Futures Volume Soars Almost 800% in One Day

In an incredible and slightly confounding turn of events, Bakkt’s bitcoin Futures volume has soared as much as 796% to a new all-time high (ATH). This is a far cry from previous volumes and a bullish sign of revival for Bakkt following its lackluster beginnings. Launching some two weeks ago, Bakkt day one performance showcased a tepid day-one volume of just 72 BTC. Given the hype and anticipation around the launch, this left a lot to be desired. Since then, the daily volume has fluctuated...

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Bitcoin Jumps Past $8,500, Marking Huge Gains

At press time, bitcoin – the world’s number one cryptocurrency – is trading for over $8,500. This marks a massive rise from yesterday, when the currency was trading for just under $8,200, and a $300+ spike is being welcomed by enthusiasts everywhere.Bitcoin Jump Is the First in Some TimeRoughly two weeks ago, bitcoin and its altcoin cousins suffered from what was arguably one of the worst bloodbaths in some time. The negativity doesn’t stem from how much bitcoin lost necessarily, but rather...

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Bitcoin Price Goes Below $8,000 as the Cryptospace Experiences a Squeeze

In what seems to be a return to bearish tendencies, Bitcoin price has dipped below $8,000 overnight, fortunately, major altcoins haven’t followed suit this time. At the time of writing, BTC was down 0.83% to $7,967.00.The altcoins, on the other hand, have fared differently with each altcoin seeming to find its ground. Ethereum (ETH) is down 0.51% to $174.16, XRP is up 5.44% to $0.27, EOS is up 1.27%, Tether down 0.71% to $1 while Litecoin is down by 0.97% to $55.68. Several factors may be...

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Galaxy Digital and XBTO Making First Block Trade of Bakkt Bitcoin Futures

Cryptocurrency investment fund Galaxy Digital and over-the-counter (OTC) trading firm XBTO announced they have managed to organize the first block trade ever of Bakkt’s Bitcoin futures contract.In the announcement, Bakkt’s parent company, Intercontinental Exchange (ICE), said the deal is done but hasn’t disclosed any further details (as price or size). Trabue Bland, President of ICE Futures U.S said that since it launched last week, the Bakkt Bitcoin Futures has achieved several milestones,...

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First Week Performance of Bakkt’s Bitcoin Futures Remains Disappointing

Last week, the Intercontinental Exchange (ICE) launched its regulated Bitcoin Futures contracts. While there was a lot of buzz before the launch, Bakkt failed to make an impact on the market.The Bakkt futures contracts saw very lukewarm response from investors. With one week since its launch, the Bakkt futures contracts have just $5 million in total trading. Bakkt’s Bitcoin futures contracts come in two options – daily and monthly settlement. The daily contracts settlements have received an...

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Bakkt’s Launch Caused Bitcoin Price Loss, Says JPMorgan Analysts

After quite a long period of incubation and regulatory pursuits, the Intercontinental Exchange (ICE), eventually launched its Bakkt’s Bitcoin futures contracts last week. The platform had always been heralded as the main ingredient that will serve as the proper Bitcoin catalyst but has failed so far. In fact, a day after Bakkt officially launched, Bitcoin shed almost 20% of its weight and dropped to $8,000 price level for the first time in months.Now Bloomberg reports that analyst from...

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#717 BTC ECHO startet Security Token Offering (STO) & Binance US floppt

Hey Krypto Fans, willkommen zur Bitcoin-Informant Show Nr. 717. Heute geht’s um folgende Themen: BTC-ECHO startet Security Token Offering (STO) & Binance US floppt – Nur Bakkt läuft schlechter. 1.) BTC-ECHO startet Security Token Offering (STO)https://www.btc-echo.de/btc-echo-startet-security-token-offering-sto/ 2.) Binance US floppt – Nur Bakkt läuft schlechterhttps://bitcoin-kurier.de/binance-us-floppt-nur-bakkt-laeuft-schlechter/ 4.) Bitcoin Informant bei iTunes...

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Ripple’s Marcus Treacher: Libra Is a “Closed System”

Facebook’s Libra is getting some criticism from an unlikely source: Ripple’s Marcus Treacher.Treacher: Libra’s Got to Open Up a BitTreacher is the company’s senior vice president of customer success. According to an interview he did with CNBC his primary complain is that Libra will be a “closed system” or a “walled garden” as he calls it.This basically means that Libra will be largely controlled by a team of executives. The power will not be in the hands of the people who use it, but in those...

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The Bitcoin Price: A Week in Review

At press time, the number one cryptocurrency by market cap – bitcoin – has fallen below the $8,000 mark yet again and is currently trading at approximately $7,950.Bitcoin: It’s Ugliest Week in a Long TimeThe currency has had a rather ugly week, falling by more than 22 percent in just a matter of days. The trouble started last Wednesday when the currency dropped from the mid-$9,000 range to about $8,100 in just a matter of minutes. From there, the currency struggled to pick itself back up,...

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