Bakkt, the Bitcoin Futures trading platform for institutions, had caused a lot of positive noise before its actual launch in mid-2019.The platform is backed by ICE, and since its launch, there is a constant growth in its daily reported traded volume. It had crossed the benchmark of 6,000 delivered Bakkt Bitcoin Futures. Those are contracts traded at ICE Futures US.Earlier today, during a closed Bakkt event in Tel Aviv attended by CryptoPotato, President Adam White discussed the current state...
Read More »Deutsche Bank Sees How The Internet Compares To Blockchain Technology
An interesting graphic compiled by Deutsche Bank compares the early-stage evolution of the Internet and blockchain technology. It shows that the two have relatively similar difficult beginnings, but ultimately the former receives more mass adoption than the latter.Internet Vs. Blockchain Adoption RatesNowadays, it’s hard to imagine living a normal life without constant access to the world wide web. The Internet was one of the most disruptive and ingenious creations of the 20th...
Read More »Report: More Cryptocurrency Exchanges Hacked In 2019 But Less Money Stolen
The popular blockchain analytics company, ChainAnalysis, recently posted a review of how 2019 related to previous years in terms of cryptocurrency exchange hacks. The data reveals an increased number of attacks, but less stolen money compared to 2018.More Cryptocurrency Hacks In 2019The report informs that hackers attempted the most amount of attacks against cryptocurrency exchanges last year. Eleven such efforts were made in 2019, while for comparison, there were only six in 2018. As per...
Read More »Ticking Bomb 2020: Growing Number of Banks Are Introducing Negative Interest Rates
Negative rates are becoming exceedingly popular among central and local banks around the world, and the trend extends in Germany with the start of 2020. Amid this, Bitcoin’s pre-programmed inflation rate raises the question if it could serve as a full-on alternative.Simply put, having negative rates means that instead of receiving interest income on cash deposits, the banking institutions charge a fee for storing the money. The general idea is to incentivize banks to lend more funds freely,...
Read More »Chinese New Year’s Coming Up: Price History Reveals Bitcoin Bulls Should Be Worried
The cryptocurrency market, being a relatively young and small one, is frequently affected by external forces. Sometimes, one of those factors could sound a bit strange on the surface, but it could deliver a severe impact. It’s the Chinese New Year.The Holiday is taking place during the next weekend, between January 25th (Saturday) and 27th (Monday), a quick look at the Bitcoin’s longer-term price chart can reveal this occasion had a tremendous Bearish effect on the price of Bitcoin over the...
Read More »Will 2020 Become The Year of Privacy Crypto Coins? So Far It Is
While most people consider every cryptocurrency transaction anonymous, that’s not the case. Bitcoin, for example, has all transactions recorded on a public ledger, which can be easily accessed. In theory and practice, it’s entirely possible to associate a Bitcoin address with an individual, especially if he has ever used a cryptocurrency exchange, which requires identity verification.However, the apparent need for a fully anonymous payment option ultimately led to the creation of such, called...
Read More »36% Of Small U.S. Businesses Accept Cryptocurrency Payments, According To A Survey
The crypto community views cryptocurrencies in numerous ways. From trading opportunities to store of value, and occasionally for their real purpose of being used as a payment method.Today, the main topic will be a rather conspicuous one that has been discussed many times, but it needs more awareness – adoption. Furthermore, let’s examine an HSB survey conducted by Zodgy Analytics in the U.S. that shows interesting data regarding small and mid-sized businesses that accept cryptocurrency...
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