At the Money 20/20 conference, experts debated about the future of blockchain technology, and whether it can replace current payment systems
Almost a year to the day after the CBOE and CME launched their own bitcoin futures products, the Intercontinental Exchange’s Bakkt platform is heralding the launch of its own futures on December 12, though the platform is still pending approval from the Commodity Futures Trade Commission.Originally slated for November, Bakkt was announced in August 2018 as “a scalable on-ramp for institutional, merchant and consumer participation in digital assets.” The platform is advertised as an all-encompassing, “open platform” for “digital assets across global markets and commerce,” and was, in part, pitched as a solution for day-to-day crypto payments for merchants.It also comes with a promise of daily futures contracts. The Bakkt Daily Bitcoin Futures Contract will allow investors to trade “a physically settled daily futures contract for bitcoin,” according to the announcement. This means that, unlike their CBOE and CME counterparts, which settle in cash, these contracts will settle in actual bitcoin.The announcement continues to state that “[one] daily contract will be listed for trading each Exchange Business Day.” Each bitcoin will be held by Bakkt LLC in what the exchange calls its “Digital Asset Warehouse,” and each contract will be settled by ICE Clear US, a subsidiary of the Intercontinental Exchange.Full details and specifications for the contracts can be found here. This article originally appeared on Bitcoin Magazine.
Crypto entrepreneur Vinny Lingham says governments will push back against Bitcoin, but with time overall crypto markets will see growth
The establishment crypto trading service will go live in late 2018. According to a notice posted by Intercontinental Exchange (ICE), the organisation behind the New York Stock Exchange, its heavily trailered Bakkt cryptocurrency futures and custody service will being trading officially on December 12th. The service will open its doors by offering Daily Futures Contracts […]The post Bakkt sets launch date, rumours swirl that CFTC approval imminent appeared first on CryptoNewsReview.
A New Jersey-based Italian restaurant is allowing customers to pay using popular cryptocurrencies – Bitcoin and Litecoin. The establishment situated in Pompton Lakes say the move could help make the business more popular among the younger generation who are most likely to embrace virtual currency payment options. Attracting a Younger Clientele With Bitcoin Monica’s Restaurant in New Jersey is the latest eatery to accept virtual currency as a payment option. According to local media outlet,Read MoreThe post Bitcoin and Litecoin Now Accepted at This New Jersey Italian Restaurant appeared first on Bitcoinist.com.
The U.S. Securities and Exchange Commission (SEC) has suspended trading of a company who, it has emerged, has made untrue claims about its cryptocurrency usage. American Retail Group, Inc. had falsely stated that it was working with a digital asset custodian provider that had received the regulators’ blessing and that its ICO had also been...The post SEC Suspends Trading of Company Making Fake Claims Relating to Cryptos appeared first on NewsBTC.
With cryptocurrencies yet to break out of their protracted range-bound cycle, the speculation on how these markets will mature continues to build, particularly with regards to institutional investor participation.
Ethereum token BAT continued its dramatic week-long ascent on Monday, bolstered by positive fundamentals related to its role in Brave’s web browser ecosystem and speculation that the cryptocurrency will soon be listed on Coinbase. BAT (short for Basic Attention Token) increased 14 percent against the dollar on Monday, briefly eclipsing $0.30 before settling down toThe post Ethereum Token BAT Continues Breakneck Rally, up 56% This Week appeared first on CCN
The Securities and Markets Stakeholder Group (SMSG) has released a new report suggesting that the European Securities and Markets Authority (ESMA) recommend to the European Commission that it regulate the cryptocurrency space with existing legislation rather than instilling new rules and laws.The report specifies that most crypto assets are covered by the Unfair Commercial Practices Directive, which regulates unfair business practices in the European Union and requires corresponding laws to be passed that incorporate it into each member state’s legal system. However, cryptocurrencies are covered only in the sense that an entity issuing a crypto asset is labeled as a business, while the person purchasing it is a consumer. The report asks several questions about different classes (payment tokens, utility tokens and asset tokens) of digital monies to determine whether they can or should fall under present statutes. For example, does the asset in question give the owner an entitlement against the issuer? Is it transferable? Is it scarce, and how is the scarcity controlled? In terms of payment tokens like bitcoin, the report mentions that they are not presently covered by the Markets in Financial Instruments Directive (MiFID II), which is the EU legislation that regulates firms providing services to clients linked to financial instruments like stock shares and bonds. These tokens are also not covered under t...
The prevalence of crypto ATMs shows that interest and acceptance are definitely increasing. DigitalMint is hoping to grow this with their cash-only crypto purchasing services. After Bitcoin’s major price run last year, cryptocurrencies gained a lot of interest in the world. More and more people wanted to buy virtual currencies but were unsure how to do...The post DigitalMint to Launch More Crypto ATMs in United States as Acceptance Increases appeared first on Live Bitcoin News.