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BiKi.com Featured in Forbes Top 10 Blockchain Companies in 2019

8th July, Singapore, Singapore – BiKi.com, while still a relatively new cryptocurrency exchange, managed to emerge tops on the Forbes Top 10 listing of blockchain companies to watch in 2019. The highly sought-after listing included 10 blockchain companies from all over the world that have made significant contributions to blockchain becoming more accessible, prominent and mainstream. Founded in June 2018, BiKi.com began operations in Aug 2018, headquartered in Singapore. Co-founder of Huobi and CEO/founder of established media group Jinse Finance, Du Jun invested USD 5 million in personal funds and served as joint CEO of the infant exchange. The global digital currency trading platform has a strong technical and operations team, committed to creating the safest, most stable and efficient platform for users around the world. Presently, it supports languages ​​such as Chinese, English and Vietnamese, with more in the pipeline, and has served more than 1 million global users in nearly 100 countries and regions. In under a year, BiKi.com has become one of the fastest growing exchanges in the world. With 1.5 million registered users, 100,000 daily active users and a daily trading volume of 70 million USDT, it has been steadily climbing up the rungs of the global crypto exchange ladder on popular sites like Coingecko, Feixiaohao, Mytoken, Aicoin and will soon join Coinmarketcap. It currently has more than 200 active WeChat communities out of a total of nearly 500 and a buoyant telegraph group. We look at the main factors contributing to BiKi’s rapid growth. Incremental Marketing Using incremental marketing, BiKi.com has managed to amass many registered users in numerous third- to fifth- tier Chinese cities while simultaneously ushering in new market users from the Chinese and global internet. The exchange’s ‘transformative way of scaling communities’ has successfully accelerated growth in its user acquisition division. BiKi also helps its projects to increase its market users unlike other exchanges such as Huobi, Binance or OKEx. Community Partner Program BiKi’s attractive Community Partner Program has also been instrumental in boosting the influx of traffic to the platform. By simply holding at least 30,000 worth of BiKi locked-in for 1 year, users are eligible to become Community Partners who earn 10% interest like a time deposit and get 60% cashback on trading fees as well as bonus rewards and token airdrops. Professional Services BiKi has professional market-making strategies and a full range of service tools for users through a bull or bear market while providing media exposure support and assistance for partner projects. Cost-Effective Platform Compared to the current top exchanges that charge high listing fees, BiKi.com offers very affordable fees and value-added service fees, effectively buffering the effects of a bear market. BiKi Platform Coin BiKi’s platform coin creates a system of deflationary economics based on its principle of “mining, repurchasing and burning”. The initial token issuance of 1 billion will continuously be repurchased and burned till it decreases to 100 million. So far 100% of its platform fees have been used to repurchase and burn the platform currency, with 274 million already burned in the past 6 months. Next, the platform also has plans to launch the BiKi transaction pair, whereby projects will then raise funds in BiKi instead of ETH, again bringing value to the BiKi coin. With its business locks, institutional node locks and user financial locks, BiKi coin circulation is drastically reduced, thereby increasing the value of the BiKi coin. From its starting price of $0.01384188 in mid April this year to its current price of 0.134539, BiKicoin has charted an impressive upward trajectory, representing an almost 10-fold increase in less than 3 months, a clear indication of investor demand and recognition of the coin’s value. Committed to bringing digital assets to the mainstream market, it is not surprising that Forbes has ranked BiKi.com amongst its Top 10 Blockchain Companies to Watch in 2019. With BiKi’s continued focus on incremental marketing and global market expansion, together with improvements in services, community programs and also on its platform, BiKi appears poised to continue its ascent to the top flight of crypto exchanges. About BiKi.com Headquartered in Singapore, BiKi.com is a global cryptocurrency exchange that provides a digital assets platform for trading more than 100 cryptocurrencies and 127 trading pairs. Since beginning operations in Aug 2018, BiKi.com is considered one of the fastest-growing cryptocurrency exchanges in the world with an accumulated 1.5 million registered users and 100,000 daily active users, ranking within the top 30 exchanges globally. The post BiKi.com Featured in Forbes Top 10 Blockchain Companies in 2019 appeared first on Bitcoin Garden.
Bitcoin Garden

AlCoin Invests in Global Health Care Provider Sevamob

AICoin, a Singapore-based blockchain firm has invested in Sevamob, a leading platform in AI healthcare technologies. AICoin, a tokenized group that uses profits from its crypto trading operations to invest in early-stage AI startups, has invested in Sevamob Ventures USA Inc. AICoin invested the highest amount in Sevamob’s $2 million funding round, through Tessier-Ashpool PTE Ltd. The investment will allow AICoin to acquire a seat at Sevamob. Other participants in the funding round include Sorenson Impact Foundation, Impact Assets, and US-based HNIs. Sevamob is part of Duke University’s Innovation in Healthcare program. The firm is one of the latest projects that use artificial intelligence and telemedicine in asset light clinics to deliver superior healthcare solutions to underserved people at nearly half the cost. Sevamob makes money by charging clients for service delivery and software licensing fees. At current, Sevamob runs 163 sustainable full and part-time units in India, Southern Africa, and Georgia USA. Over 83 firms currently pay for their software and services. The Sevamob Model He Sevamob B2B model includes customers like schools, employers, NGOs, corporate CSR, hospitals/clinics, pharma, and local government. Sevamob enables its customers like Fullerton and Indian Oil, to care to employees, communities or other beneficiaries. Some of Sevamob’s offerings include consultancy, point-of-care diagnostics, treatment and referrals for general health issues, vision, dental and more. Sevamob provides its services to both those in urban and rural areas at meager costs due to its cutting-edge technology and live dashboards or tracking health issues. Gavin Smith, founder of AICoin and the CEO of the Panxora Group stated that: “Sevamob is a good first investment for us because the majority of their units are already sustainable with improved cost efficiency and scalability built into their DNA. Their model is to set a benchmark for quality care using a medical team, then they use technology to both increases the effectiveness and cost efficiency of service delivery.” Since its launch four years ago, Sevamob founder and CEO, Shelly Saxena has been working hard to fine-tune their delivery model so that they can offer a vast array of quality services. Also commenting on the initiative, AICoin founder Marcie Terman noted that: “The Sevamob investment marks the start of AICoin taking equity stakes in young companies which will focus on investment quality over quantity. As a group, AICoin and its founders are anomalous in the token space. The founders, as well as subscribers, got involved in AICoin, not because they wanted to get rich quick.” Website: https://www.aicoin.io/ Telegram: https://t.me/joinchat/ Twitter: https://twitter.com/aicoinico Email: press@aicoin.io The post AlCoin Invests in Global Health Care Provider Sevamob appeared first on ZyCrypto.
ZyCrypto

AICoin Makes First Start-up Investment in Global Health Care Provider Sevamob

May, 2019, Singapore –  AICoin, a tokenised group that uses profits from cryptocurrency trading to take equity stakes in early-stage AI companies, has just completed its first investment in Sevamob Ventures USA Inc. AICoin, through Tessier-Ashpool PTE Ltd. is the lead investor in this $2,000,000 funding round and will acquire a board seat at Sevamob. Other participants in the round include Sorenson Impact Foundation, Impact Assets, and US-based HNIs. About Sevamob Sevamob, a provider of artificial intelligence-enabled healthcare platform to organizations, and part of Duke University’s Innovations in Healthcare program, is one of the new breed of companies that uses technologies like artificial intelligence and telemedicine in asset light popup clinics to deliver superior primary healthcare to underserved populations at up to 50% lower cost. Sevamob makes revenue by charging for service delivery and software licensing. Sevamob is currently running 163 full and part-time units in India, Southern Africa, and Georgia USA. The majority of these units are sustainable. More than 86 organizations are paying for their software and services. Sevamob’s Model In Sevamob’s B2B model, its customers include schools, employers, NGOs, corporate CSR, hospitals/clinics, pharma, and local govt. These customers like Fullerton and Indian Oil, partner with Sevamob to provide care to employees, communities or other beneficiaries. Care includes consultation, point-of-care diagnostics, treatment and referrals for issues ranging from general health, vision, dental and nutrition to cardio-metabolic, infectious disease and ENT. Sevamob’s strength is convenient onsite service, coverage in urban as well as rural, lower cost due to its technology and live dashboards to track health outcomes. Gavin Smith, founder of AICoin and the CEO of The Panxora Group stated; “Sevamob is a good first investment for us because the majority of their units are already sustainable with improved cost efficiency and scalability built into their DNA. Their model is to set a benchmark for quality care using a medical team, then they use technology to both increase the effectiveness and cost efficiency of service delivery.” As a matter of fact, Sevamob founder and CEO Shelly Saxena has spent the 4+ years since Sevamob’s inception fine-tuning their delivery model so they can supply high-quality services across a broad range of community needs. Shelley has faced the considerable hurdles of providing medical services head on and it is this kind of direction coupled with innovation that increases the business’s probability of success. AICoin founder Marcie Terman said; “The Sevamob investment marks the start of AICoin taking equity stakes in young companies which will focus on “investment quality over quantity. As a group, AICoin and its founders are anomalous in the token space. The founders, as well as subscribers, got involved in AICoin, not because they wanted to ‘get rich quick. They got involved to be part of an experiment where we paired AI tech to make money with the ‘Wisdom of the Crowd’ to give members a voice in directing how that money is invested. It’s not like an angel syndicate where a venture capitalist with his pre-existing prejudices become part of how investments are selected. But where the group benefits from the diversity of its perspective, knowledge and unique experience.” In this way, we will identify opportunities that the VC industry will habitually overlook. To learn more visit the website – https://www.aicoin.io/ Chat with AICoin on Telegram – https://t.me/joinchat/ Connect on Twitter – https://twitter.com/aicoinico Subscribe on YouTube – https://www.youtube.com/channel/UC226_O-ZpKEVzXebLrEBteg Media Contact Contact Name: Amna Yousaf Contact Email: press@aicoin.io Telephone: +44 1483 872052 AICoin is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest Disclosure: This is a sponsored press release The post AICoin Makes First Start-up Investment in Global Health Care Provider Sevamob appeared first on NullTX.
NullTX

Binance Coin(BNB) Is Approaching All-Time High As Market Cheers Binance’s Positive News

Binance Coin(BNB), the native cryptocurrency issued by the crypto exchange giant Binance, rallied over 10 percent, hitting a new three-month high on April 18 in the wake of a slew of positive news. The latest event is the crypto exchange on Thursday launched the mainnet of its new custom blockchain, Binance Chain, which features a permissionless decentralized exchange (DEX) and supports 3 billion worth of BNB that currently runs on Ethereum. Binance said in a blog post that it will initiate the swap of existing ERC-20 based BNB to Binance Chain-based BNB, called BEP2 BNB, and Binance Chain Explorer and Web Wallet will be open to the public on April 23, though the timeline is subject to change. Binance CEO Changpeng Zhao— better known as CZ in the crypto world— has successfully completed the first transaction on Binance Chain after a new genesis block was created on the proprietary blockchain. In the wake of the announcement, BNB surged more than 10% to a three-month high of $22.08, outperforming other Top 10 cryptocurrencies by market cap, according to Coinmarketcap. It is trading at $21.93 at the press time. Another crypto data tracker AICOIN shows BNB sees $ 4.51 million in net inflow over a 24-hour period. Binance is surrounded by other positive news. The world’s leading crypto exchange is also making steady progress toward its fiat-to-crypto services as it is set to launch a fiat-to-crypto platform next week in Singapore. Binance’s CFO Zhou Wei told Coindesk in a recent interview that the exchange plans to launch the Singapore simple buy/sell on-ramp next week , which allows users in the country to buy and sell bitcoin with Singapore dollars. Binance has offered fiat-based trading services in Australia, Jersey, and Uganda to date. BNB has posted massive year-to-date gains that were unrivaled by any other major cryptocurrencies and is now approaching its all-time-highs of $24.46. The jaw-dropping surge in BNB value is largely driven by initial exchange offerings(IEOs) frenzy on Binance’s token sale platform, Binance Launchpad, which uses BNB to power new crypto projects’ token sales. As the Matic token sale, the fourth IEO on Launchpad which will begin on April 24, is approaching, BNB may maintain the upwards momentum before the token sale.
8BTC

Against Fake Volume Allegation: OKEx Distributes $5M Trading Commissions to Users Weekly

Recently, there appeared an allegation regarding the trading volume of OKEx, a world-leading digital asset exchange. However, the allegation itself is invalid due to the difficulty in collecting accurate trading volume data, as a person or even as media outlets let alone exchanges like OKEx with futures trading and API transaction. What’s more is an important fact that needs to be mentioned. It has been reported that OKEx has launched a program named Happy Friday, a bonus distribution campaign that will give away 50% of its trading fee to OKB [the OKEx platform token] holders weekly. The program has distributed approximately $5 million last week. If OKEx has wash traded grossly to reach the volume that is currently displayed on CoinMarketCap, while the weekly bonus has remained at $5 million, the exchange will need to pay most of the bonus to users with its own money. Why then would OKEx create fake volume? That does not make sense to us at all. The Happy Friday campaign mentioned above is a program launched by OKEx to distribute 50% of the weekly transaction fee as BTC bonus every Friday to users holding OKB. The amount is based on the percentage of OKB the user holds. Since its launch, the Happy Friday campaign became popular among OKEx users worldwide and the mega bonus pool had at one time reached up to 2,000 BTC. OKEx, as one of the top crypto exchanges by volume, in its 24H trading volume reached $872 million on CoinMarketCap [14th, September] and $5.07 billion on AICoin [14th September], two of the most popular websites about crypto information in China. The former lists only token-trading while AICoin records the total volume including futures trading. Source: CoinMarketCap Taking the data on CoinMarketCap as the basic volume, and 0.02% [the lowest rate] as standard [which is hardly possible], the daily trading fee is $174,550, while the weekly bonus pool amount would be $610,925 [of only token-trading], which will all be distributed to OKB holders. Source: AICoin The data shown is based on the lowest rate of trading fee enjoyed by the highest-level member, and the trading volume excludes futures trading, which is the majority revenue source of OKEx. According to AICoin, the total trading volume in the past 24H is $5.07 billion, so the 24H futures trading volume would be $4,197,248,301. Assuming the trading fee rate is still 0.02%, then the daily trading fee is $839,450, and the amount of weekly bonus pool would be $2,938,075, which would all distributed to OKB holders as well. According to the data calculated above, users can get over 1,200 BTC each week from the OKEx Happy Friday campaign. At the same time, eligibility is easy to maintain as you just need to hold no less than 100 OKB to enjoy a mega bonus. As to OKB, it is a global utility token issued by OK Blockchain Foundation to connect prospective digital asset projects to OKEx users as well as professional investors, creating an OKEx ecosystem that helps to advance the development of blockchain technology and the digital asset industry. Different from tokens of other platforms, OKB has a great roadmap including but not limited to the application of programs such as Happy Friday, Global Partner, Prime Investor, OK Partner Exchange etc., as well as the world’s first index product OK06ETT. The total available supply of OKB is 1 billion, some of which will be locked up with those programs, meanwhile, the value of OKB will be added as well. 60% of the circulation amount will be given to OKEx users for community building through marketing campaigns, which enables OKB holders to enjoy various privileges and increasing the profit for the long term. *The current price of OKB is $1.23, which is near its historic low point and therefore worth the investment. For more information, click here. The post Against Fake Volume Allegation: OKEx Distributes $5M Trading Commissions to Users Weekly appeared first on AMBCrypto.
AMBCrypto

Against Fake Volume Allegation: OKEx Distributes $5M Trading Commissions to Users Weekly

However, the allegation itself is invalid for the difficulty to collect the accurate data of trading volume as a person or even media outlets, let alone exchanges like OKEx with futures trading and API transaction. What’s more, there is an important fact need to be mentioned. It is reported that OKEx has launched a program named Happy Friday, a bonus distribution campaign that to give away 50% of its trading fee to OKB (OKEx platform token) holders weekly. The program has distributed approximately $5 million last week. If OKEx has washed trade grossly to reach the volume which currently listed on CMC, meantime the weekly bonus remained $5 million; the exchange will need to pay most of the bonus to users with its own money, then why would OKEx make fake volume? That does not make any sense. The Happy Friday campaign mentioned above is a program launched by OKEx to distribute 50% of weekly transaction fee as BTC bonus every Friday to users holding OKB. The amount is based on the percentage of OKB the user holds. Since launched, the Happy Friday campaign became popular among OK users worldwide, and the mega bonus pool has once reached up to 2,000 BTC. OKEX, as one of the top crypto exchanges by volume, 24H trading volume reached $872 million on CoinMarketCap (14th, Sep.), and $5.07 billion on AICoin (14th, Sep.), the most popular website about crypto information in China. The former lists only token-trading while AICoin records the total volume including futures trading. Taking the data on CoinMarketCap as basic volume and 0.02%, the lowest rate as standard (which is hardly possible), therefore, the daily trading fee is $174,550, while the amount of weekly bonus pool would be $610,925 (of only token-trading), which will all be distributed to OKB holders. The data showed is based on the lowest rate of trading fee enjoyed by the highest-level member, and the trading volume exclude futures trading, which is the majority revenue source of OKEx. According to AICoin, the total trading volume in the past 24H is $5.07 billion, so the 24H futures trading volume would be $4,197,248,301. Assuming the trading fee rate is still 0.02%, then the daily trading fee is $839,450, and the amount of weekly bonus pool would be $2,938,075, which would all distributed to OKB holders as well. According to the data calculated above, users can get over 1,200 BTC each week from the OKEx Happy Friday campaign. At the same time, the eligibility is even easy to meet that you just need to hold no less than 100 OKB to enjoy mega bonus. As to OKB, it is a global utility token issued by OK Blockchain Foundation to connect prospective digital asset projects to OKEx users as well as professional investors, creating an OKEx ecosystem that helps to advance the development of blockchain technology and the digital asset industry. Different from tokens from other platforms, OKB has a great roadmap including but not limited to the application of programs such as Happy Friday, Global Partner, Prime Investor, OK Partner Exchange etc., as well as the world’s first index product OK06ETT. The total available supply of OKB is 1 billion, some of which will be locked up with those programs meanwhile the value of OKB will be added. 60% of the circulation amount will be given to OKEx users for community building through marketing campaigns, which enables OKB holders to enjoy various privileges and the increasing profit for long term. The post Against Fake Volume Allegation: OKEx Distributes $5M Trading Commissions to Users Weekly appeared first on CoinSpeaker.
Coinspeaker

Against Fake Volume Allegation: OKEx Distributes $5M Trading Commissions to Users Weekly

Recently, there appears allegation upon the trading volume of OKEx, a world-leading digital asset exchange. However, the allegation itself is invalid for the difficulty to collect the accurate data of trading volume as a person or even media outlets, let alone exchanges like OKEx with futures trading and API transaction. Disclosure: This is a Sponsored Article What’s more, there is an important fact need to be mentioned. It is reported that OKEx has launched a program named Happy Friday, a bonus distribution campaign that to give away 50% of its trading fee to OKB (OKEx platform token) holders weekly. The program has distributed approximately $5 million last week. If OKEx has washed trade grossly to reach the volume which currently listed on CMC, meantime the weekly bonus remained $5 million; the exchange will need to pay most of the bonus to users with its own money, then why would OKEx make fake volume? That does not make any sense. The Happy Friday campaign mentioned above is a program launched by OKEx to distribute 50% of weekly transaction fee as BTC bonus every Friday to users holding OKB. The amount is based on the percentage of OKB the user holds. Since launched, the Happy Friday campaign became popular among OK users worldwide, and the mega bonus pool has once reached up to 2,000 BTC. OKEX, as one of the top crypto exchanges by volume, 24H trading volume reached $872 million on CoinMarketCap (14th, Sep.), and $5.07 billion on AICoin (14th, Sep.), the most popular website about crypto information in China. The former lists only token-trading while AICoin records the total volume including futures trading. Taking the data on CoinMarketCap as basic volume and 0.02%, the lowest rate as standard (which is hardly possible), therefore, the daily trading fee is $174,550, while the amount of weekly bonus pool would be $610,925 (of only token-trading), which will all be distributed to OKB holders. The data showed is based on the lowest rate of trading fee enjoyed by the highest-level member, and the trading volume exclude futures trading, which is the majority revenue source of OKEx. According to AICoin, the total trading volume in the past 24H is $5.07 billion, so the 24H futures trading volume would be $4,197,248,301. Assuming the trading fee rate is still 0.02%, then the daily trading fee is $839,450, and the amount of weekly bonus pool would be $2,938,075, which would all distributed to OKB holders as well. According to the data calculated above, users can get over 1,200 BTC each week from the OKEx Happy Friday campaign. At the same time, the eligibility is even easy to meet that you just need to hold no less than 100 OKB to enjoy mega bonus. As to OKB, it is a global utility token issued by OK Blockchain Foundation to connect prospective digital asset projects to OKEx users as well as professional investors, creating an OKEx ecosystem that helps to advance the development of blockchain technology and the digital asset industry. Different from tokens from other platforms, OKB has a great roadmap including but not limited to the application of programs such as Happy Friday, Global Partner, Prime Investor, OK Partner Exchange etc., as well as the world’s first index product OK06ETT. The total available supply of OKB is 1 billion, some of which will be locked up with those programs meanwhile the value of OKB will be added. 60% of the circulation amount will be given to OKEx users for community building through marketing campaigns, which enables OKB holders to enjoy various privileges and the increasing profit for long term. *The current price of OKB is $1.23, which is near the historic low point and worth to invest. The post Against Fake Volume Allegation: OKEx Distributes $5M Trading Commissions to Users Weekly appeared first on NullTX.
NullTX
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Bakkt Official Launch Date, Ethereum Upgrade, Coinbase Bank & Is Everyone Ready?

Support Me On Patreon! https://www.patreon.com/TheModernInvestor ---------------------------------------------------------------------------- Protect And Store Your Crypto With A Ledger Nano: https://www.ledger.com?r=8af3ed38d3b7 ----------------------------------------------------------------------------- Want To Send Me A Tip? Bitcoin Donations Address: 1BYhrLpntMYW97sd8K6fquTcr5MYwPAe2y Ripple (XRP) Donation Address: rsoKR5VHJx84oMTYbS7tWg7g5aFebYirVi Ethereum / KIN / OmiseGo Donation Address: 0x0e5f5CEFaA9A0713AB6D8F79E6679E22d86C21f6 ----------------------------------------------------------------------------- Open An Account With Binance! https://www.binance.com/?ref=22170588 ------------------------------------------------------------------------------ Buy Bitcoin And Ethereum With Fiat On Binance! https://www.binance.je/?ref=35009618 -------------------------------------------------------------------------------- Follow Me On Facebook ! https://www.facebook.com/TheModernInvestor https://www.youtube.com/channel/UC-5HLi3buMzdxjdTdic3Aig Follow Me On Twitter: https://twitter.com/ModernInvest ---------------------------------------------------------------------------------- Very Special Thanks To My Patreon Supporters: Professor Wally From Gunbot University Forex Lens Inc Auspicious Agile & Blockchain Yet Another Nick Bitsource AML Solutions Chris Charles Roman Geber David Chosrova Stuart Niven Larry Gooch Tyler Winklevoss NBKrypto Steven Harper Ulf Fatman Josefsson Mohammad Tabbaa Brian Vaci Jeffrey Pete Mozar Cryptocurrency Logic Jonathan Robert Kraus Josh Gorcyca K9 Ytrup Crypto Jedi Truls Lee 3000 O. Tom Chhuong Kaneko Tomonori Sir Thomas11_11 Mike McCarty Crypto And Beer Shipmate ZEN Lunacy VV Nicola Kenny Mr. Smith Joey The Happy Farmer Damien Walker ---------------------------------------------------------------------------------- Photo Credit To: https://s.yimg.com/uu/api/res/1.2/w1SLnQC3Xbz2p6F9u0JhVw--~B/aD0xMDAwO3c9MTkxMDtzbT0xO2FwcGlkPXl0YWNoeW9u/http://media.zenfs.com/en-US/homerun/cnbc.com/a26078ac0fe32a76bc5a2b8addf19e1f
The Modern Investor

CME Futures CRUSHED Bitcoin... Will Bakkt do the Opposite?

👇🏻Support the channel by using my affiliate links👇🏻 ✘ Exchanges I'm using: ► Coinbase FIAT https://www.coinbase.com/join/59398125002bcc03276297d6 ► Binance FIAT https://www.binance.je/?ref=35002320 ► Binance Altcoins https://www.binance.com/?ref=16553332 ► Bitmex Futures https://www.bitmex.com/register/s0r1z5 ► Bybit Futures https://www.bybit.com/app/register?ref=RPyME ► Deribit Futures & Options https://www.deribit.com/reg-2331.1757 ✘ My Chart Tool: ► TradingView https://tradingview.go2cloud.org/aff_c?offer_id=2&aff_id=12339 ✘ My Hardware Wallets: ► Ledger https://www.ledgerwallet.com/r/f7c4 ► Trezor https://shop.trezor.io/product/trezor-one-white?offer_id=14&aff_id=1164 ✘ Keep your Private Keys safe: ► https://cryptosteel.com/product/cryptosteel/?csr=517 ✘ Support the Channel via BTC Lightning Network: ► https://tippin.me/@sunnydecree ✘ BTC: ► 12vg29zgveAqm31yiUrL9kM2ANmYMFaA93 ✘ Follow me: ► https://twitter.com/sunnydecree ► https://discord.gg/Psrt8Yn ► https://www.youtube.com/sunnydecreede #Bitcoin #BTC #Crypto
sunny decree

Here’s Why Bakkt Launch Is a Blessing For Bitcoin Holders

Yesterday’s big announcement that regulatory approval has been granted to Bakkt could be the best news bitcoin investors have had this year. It opens the door to the institutional investors and is a huge step forward for crypto industry legitimization in the US. Bakkt To Launch Next Month After months of procrastination, the new cryptocurrency trading platform launched by the Intercontinental Exchange (ICE) has finally been given the green light. The news that the Commodity Futures Trading Commission (CFTC), and the New York State Department of Financial Services, has granted regulatory approval broke late yesterday as reported by Bitcoinist. The concept of physically delivered bitcoin futures will require investors to either produce actual BTC or take delivery in them from their respective exchanges and platforms. Crypto trader at TexasWest Capital, Scott Melker, who also goes by the twitter handle ‘Wolf of All Streets’ stated the news was ‘arguably the most bullish event for institutional investors in the history of bitcoin’. The @Bakkt news is arguably the most bullish event for institutional investors in the history of bitcoin. PHYSICALLY delivered futures (require the holder to either produce actual bitcoin or take delivery from the exchange) backed by the New York Stock Exchange. We are maturing. — The Wolf Of All Streets (@scottmelker) August 16, 2019 Being backed by the New York Stock Exchange has granted bitcoin a level of legitimization never seen before. Investors will get the opportunity to trade in daily and monthly physical bitcoin futures contracts which is likely to lead to greater mainstream adoption. Bakkt is also planning to onboard a number of commercial retailers such as Starbucks which will provide an easier way for people to make purchases using bitcoin and other crypto assets. General Counsel for Compound Finance, Jake Chervinsky, was equally bullish on the Bakkt news stating that: “It offers a way for large, risk-averse institutions to buy and custody bitcoin through an end-to-end regulated system approved by the CFTC and NYDFS, and backed by the sterling reputation of ICE. Compliance lawyers rejoice!” The former litigator also noted that there is still a long way to go since there is still the SEC to contend with. When questioned on the possibility of big investors trying to short bitcoin he added; “Short sellers betting against a commodity probably don’t want to hold the underlying, so shorting via physically-delivered futures is more for entities that are net long (like miners) and want to hedge.” Fintech Business Analyst going by the twitter handle ‘Mr. Gordon’ was equally bullish on Bakkt; “This must be what it feels like to win the lottery!  The confirmation of the launch of #Bakkt changes EVERYTHING… Those of us who have been investing in crytpo for the last couple of years now have some very serious decisions to make…” This must be what it feels like to win the lottery! The confirmation of the launch of #Bakkt changes EVERYTHING.. Those of us who have been investing in crytpo for the last couple of years now have some very serious decisions to make….. Like which colour to get pic.twitter.com/Klo5GwOWY7 — Mr Gordon (@MrGordon_UK) August 16, 2019 Picking a Lambo color is probably a little presumptuous at the moment. Bitcoin price did not even react to the announcement as markets remain choppy this morning. BTC is still consolidating in the mid-$10k range after two dips into four-figure territory late in the week but the long term prospects have just brightened significantly. Will Bakkt send Bitcoin price to a new all-time high later this year? Add your thoughts below. Images via Bitcoinist Image Library, Twitter: @scottmelker, @MrGordon_UK The post Here’s Why Bakkt Launch Is a Blessing For Bitcoin Holders appeared first on Bitcoinist.com.
Bitcoinist

Bakkt launch bears good news for Bitcoin’s price and regulation

One of the biggest news last year was the announcement made by the New York Stock Exchange’s parent company, Intercontinental Exchange. In August 2018, The firm announced that it would be venturing into the cryptocurrency space with the launch of a new company – Bakkt. This turned out to be an extremely bullish news in […] The post Bakkt launch bears good news for Bitcoin’s price and regulation appeared first on AMBCrypto.
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Bakkt’s Gets Nod for Physically Delivered Bitcoin Futures Approved from CFTC

The Commodities Futures Trading Commission (CFTC) has greenlighted the physically delivered Bitcoin futures product by Bakkt. Company CEO confirmed the news and said that the derivatives product would debut on September 23. Bakkt will be the first to debut physical BTC futures Kelly Loeffler, CEO of Bakkt recently announced that the startup had won approval from the US CFTC to start offering physically settled Bitcoin futures contracts. Bakkt is backed Intercontinental Exchange, and Loeffler is married to Jeff Sprecher, the CEO of ICE. With this approval, Bakkt will become the first company to launch the physical BTC futures. The products will debut on the market on September 23, and all contracts will be cleared by ICE Clear US, the same service that clears trades for NYSE. Loeffler gave a lengthy statement on the product suggest that Bakkt’s product received CFTC approval after a self-certification process. They have also started user acceptance testing. The Bitcoins backing the futures contracts will be under the custody of Bakkt Warehouse. Bakkt Trust Company, a qualified custodian, has also received approval from the New York State Department of Finance Services. She said, “This offers customers unprecedented regulatory clarity and security alongside a regulated, globally accessible exchange in a market underserved by institutional-grade infrastructure.” Bakkt wins the race The ICE-backed startup is not the only company eyeing the lucrative physically-settled Bitcoin futures sector. Numerous other companies like LedgerX are planning to bring the same opportunity to the market. LedgerX could have become the first company to launch these products as it received approval for offering futures, options and swaps settled in Bitcoin by the CFTC. However, the regulator says that the company lacks adequate approvals for launching the physical futures product. Meanwhile, Bakkt has decided to offer two types of futures contracts- daily and monthly. The collection of variation margin and initial margin collateral will be done by ICE Clear US. Product testing began last month to ensure that there are no hiccups when it eventually launches for the buyers. The qualified custodian of Bakkt will help in addressing concerns of the regulator related to manipulation and theft. Note that the company acquired Digital Asset Custody Company (DACC) earlier this year to win the New York regulator’s approval to become a qualified custodian. The company has also decided to pay $35 million for hedging against risks. Loeffler says that doing so will help bring safety for market participants and bring more integrity to this sector. The post Bakkt’s Gets Nod for Physically Delivered Bitcoin Futures Approved from CFTC appeared first on FXTimes.com - Daily Cryptocurrency and FX News.
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