Bakkt to Launch Bitcoin Futures on December 12

Bakkt to Launch Bitcoin Futures on December 12

In an official notice ICE, the parent company of the New York Stock Exchange, says that daily bitcoin futures contracts will be available for trading on December 12 on the ICE-operated Bakkt platform announced earlier this year

In an August’s post CEO of Bakkt Kelly Loeffler mentioned that the bitcoin futures will be physically settled and backed by actual bitcoins, which according to her promotes market integrity. ICE is currently cooperating with the Commodity Futures Trading Commission to work out regulatory aspects.

On Bakkt

Intercontinental Exchange (ICE) operates 12 regulated exchanges including the New York Stock Exchange, the world’s largest stock exchange. This August ICE announced a plan to launch the first large-scale ecosystem for digital assets called Bakkt, or the Bakkt Digital Asset Warehouse. The startup was developed by ICE in cooperation with large companies like Starbucks and Microsoft. Many crypto-enthusiasts hope that Bakkt will serve as a pipeline that will allow the inflow of institutional capital into cryptocurrencies, which is believed to be the make-or-break factor for the industry.

A few weeks following the announcement, Kelly Loeffler, the CEO of Bakkt, published a Medium post in which she shared some of the details about of the platform. The three core principles of Bakkt are:

  1. A consistent regulatory construct;
  2. Transparent, efficient price discovery;
  3. An institutional quality pre- and post-trade infrastructure.

Bakkt’s Bitcoin Futures

The CEO emphasizes that Bakkt’s bitcoin futures contracts will be fully pre-funded and physically delivered (an actual bitcoin transaction must take place to settle the contract) and will not be traded on margin, use leverage or in any way create a paper claim on a real bitcoin token, which promotes the overall market integrity and supports the community’s general sentiment, ‘Not your keys, not your bitcoins’.

P. S.

This month Loeffler made another post in which she announced that Adam White will be joining the Bakkt team as the Chief Operating Officer. Adam White is a former employee of Coinbase, the largest digital currency exchange in the U.S.

Bitcoin

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Today Blockchain Brad speaks with Anthony “Pomp” Pompliano. We initiate a deep dive into Bitcoin, discussing SoV, MoE, Gold, Belief, the Tech value prop and much more! Pomp is an American entrepreneur, investor & bitcoin evangelist. He is also a co-founder and Managing Partner at Full Tilt Capital, an early-stage venture capital fund and Morgan Creek Digital Assets. He is also a well know bitcoin maximalist and vocal speaker promoting/educating about bitcoin's long term value. Morgan Creek Digital Assets is a multi-strategy investment firm focused on providing access to blockchain technology and digital assets for institutional clients and wealthy family offices. The firm was founded by Mark Yusko, Jason Williams and Anthony Pompliano. MCBC is backed by Morgan Creek Capital Management, a multi-billion dollar asset manager based in the United States. Pomp writes a daily email newsletter on the blockchain and crypto markets. Pomp also worked for both Facebook and Snapchat as a Growth Lead/Product Manager. ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● Links: Website: https://anthonypompliano.wordpress.com/ Twitter: @APompliano LinkedIn: https://www.linkedin.com/in/anthonypompliano/detail/contact-info/ ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● ►Join The BCB Tele https://t.me/BlockchainBradCommunity ► Follow on twitter: https://twitter.com/Brad_Laurie ► Join BlockVera on twitter: @BlockVera ► Check out BlockVera on youtube: https://www.youtube.com/watch?v=Af4pD... ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● Timestamps: 1:15 What does Bitcoin mean to your Freedom 2:20 Store of Value Clarification 3:04 The power of belief leads to MoE 3:30 Pomp's land analogy (for SoV) 5:01 Asymmetric non-correlated asset/inverted correlation 8:22 Non-correlation.. more discussion 9:17 'no perfect science' 9:56 BTC will stay non-correlated in the future 10:53 Tech: fundamental technological assets: Big B & Little B 11:20 Bitcoin as settlement network 11:40 Pomp's allusion and reference to gold 13:17 Bitcoin is efficient, says Pomp 14:04 Pomp's hodl thinking and view on currency. 14:47 Bitcoin = Freedom, says Pomp 15:50 Bitcoin's core properties and value prop. 17:11 What is the ACTUAL BTC asset? 17:50 Difference between Gold and BTC 18:25 Pomp's investment thesis 19:00 Gold, more on this topic 20:40 95% agreement on macro issues Peter Schiff and Pomp 21:08 Biggest diff. between Gold & BTC 22:30 The Physicality argument 24:17 Verification is the asset, NOT trust. 25:37 Utility discussion 26:25 What IS the asset being stored? 27:10 Socioeconomic principle: value is driven by belief. 28:06 Money is a belief system, says Pomp 29:18 Fiat versus BTC 30:30 History. The power of history related to money. 31:00 the virtual era 32:30 The power of Asset digitisation 34:55 Bitcoin, a currency now? 35:00 MoE & SoV says Pomp 40:20 Wash Trading 41:04 Money Laundering in USD 41:48 Today most HODL rather than spend. 44:11 Currencies of today versus tomorrow 44:38 BTC allows you to protest again centralised monetary policy 45:10 Fiat loses value historically 45:00 Enterprise, Government. 46:45 Pomp believes everyone will use digital assets 47:00 Monetary policy's of the future: best will win says Pomp. 48:10 Pomp's position on Altcoins. 48:40 Is Pomp s bitcoin maximalist? 49:00 Pomp is not bullish on utility tokens-as investments 50:00 Utility token, too risky says Pomp 50:40 Pomp invests in equity, bonds & debt 52:00 Pomp says "Narratives don't matter" 53:40 "Bitcoin's value is not a narrative" 54:04 Bitcoin is data-driven. Narratives don't matter 55:00 is the core design of BTC at risk? We don't trust, we verify. 56:44 Network effect is not part of the narrative 57:30 Network effect is a structural thing, says Pomp 58:15 Why do so many shill BTC in the media? 59:04 Connection problems, my apologies.. we plan for part 2, then close. ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● INVESTMENT DISCLOSURE: I have not invested in Pomp's Fund. This is not Financial Advice. #DYOR always. ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● PAYMENT/DONATION DISCLOSURE: This interview with Anthony was 100% free in every way, not tokens, no under the table deals. I believe that reasonable and fair sponsored or paid content is not a problem if disclosed openly to the community. This is not Financial Advice. ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● GENERAL DISCLAIMER: The information provided is not to be considered as a recommendation to buy or invest in certain assets or currencies and is provided solely as an educational and information resource to help traders make their own decisions. Past performance is no guarantee of future success. BlockchainBrad shall not be liable to the participant for any damages, claims, expenses or losses of any kind (whether direct or indirect) suffered by the participant arising from or in connection with the information obtained this website or directly from the website owner. #pompliano #APomp #APompliano #BlockchainBrad #BradLaurie
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