blank
Bitcoin Cryptocurrency News

Kelly Loeffler Steps Down As Former PayPal Exec Becomes Bakkt’s New CEO

Bakkt, the Bitcoin Futures trading platform of the Intercontinental Exchange (ICE), has recently appointed a new CEO as Kelly Loeffler stepped down. The former CPO of the company, Mike Blandina, will take her role, and, at the same time, the former COO, Adam White, will serve as President. New CEO and President of Bakkt Bakkt Read more…

blank
Bitcoin Cryptocurrency News

Bitcoin Options: ICE Announces Completion of First Block Trade

The Intercontinental Exchange has just announced its first block trade of the newly offered Bakkt bitcoin monthly options contracts submitted to ICE Futures US. First Block Bitcoin Options Trade According to the announcement the Bakkt Bitcoin Options settle into the underlying BTC monthly futures contract two days prior to expiry. Galaxy Digital Trading and XBTO Read more…

blank
Bitcoin Cryptocurrency News

Bakkt Futures Traders Avoid Physical Bitcoin Delivery

The hope that Bakkt futures traders would seek out physical delivery settlement to become Bitcoin (BTC) holders may be unfounded. So far, futures traders prefer to roll over their contracts before expiration. Bakkt Traders Roll Over and Refuse BTC Delivery The Bakkt platform physical settlement BTC product arrived with the hopes of turning institutional and Read more…

blank
Bitcoin Cryptocurrency News

Wall Street Still Doesn’t Get What Bitcoin Might be Used For

Despite being one of the most discussed topics in the last few years, Wall Street still can’t figure out the utility of Bitcoin. Bitcoin Needs Greater Utility, Bakkt CEO Says Adam White, CEO of Bitcoin futures exchange operator Bakkt, said that “there needs to be greater utility” for Bitcoin. Nevertheless, it didn’t stop Bakkt, a Read more…

blank
Bitcoin Cryptocurrency News

Institutional Interest On The Rise As Bakkt’s Bitcoin Futures Volume Increases Continuously

Bitcoin’s been on a downtrend lately. The price dropped from around $8,700 to its current level of $6,700, losing more than 20% in a few days. However, despite the overly negative sentiment lurking amid the cryptocurrency community, good news might stem from the fact that institutional interest seems to be on the rise. Bakkt, the Read more…

blank
Bitcoin Cryptocurrency News

Bakkt Bitcoin Futures Record: 2728 Contracts Traded Amid BTC Crash

The Bakkt Bitcoin (BTC) futures set a daily trading record, just as the leading coin crashed from $8,000 to under $7,000 within a 24-hour period. Bakkt Activity Shot Up on Day of Rapid Losses for BTC Activity shot up on the Bakkt exchange, from the usual daily interest above 1,400 traded contracts. Open interest exceeded Read more…

blank
Cryptocurrency News Ethereum

ETH Transaction Fees on Ethereum Soar to $30

The Ethereum (ETH) network still experiences random days of congestion. This led to transactions requiring significantly high fees, as much as $30. High Competition for Some Blocks Led to Exorbitant Fees Transaction fees for sending ETH rose to as high as $30, on separate anomalous blocks, users reported. The spike in fees was random and Read more…

blank
Bitcoin Cryptocurrency News

Bakkt Bitcoin Custody Now Available to all Institutional Clients

Bakkt joins the field of institutional-grade bitcoin custody service providers after obtaining approval from regulators in New York. Meanwhile, the Bitcoin futures product launched by the Intercontinental Exchange (ICE) subsidiary continues to set new records. Bakkt Warehouse Obtains NYDFS Green Light Bakkt COO Adam White announced the news via a blog post published on Monday Read more…