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Will Bakkt’s Futures Contracts Test Have A Positive Impact On The Cryptocurrency Market?

The Intercontinental Exchange (ICE) is working on its Bakkt platform that will be offering Bitcoin futures contracts for companies and large investors in the market. Now, the company is testing its product and they would be releasing their official infrastructure in the near future. What many users and individuals are wondering is whether the current […]
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DON'T Underestimate Bakkt Bitcoin Futures! BTC and Cryptocurrency to Avoid Sanctions? - Crypto News

DON'T FORGET how important BAKKT is for Bitcoin and crypto in general! This is one of the topics in Billy's video. Russia and China are also experimenting with crypto to avoid sanctions. Finally, Billy will follow up on the Wells Fargo news and Bitcoin 2020 that we covered earlier. ----------------------------------------------------------------------------------- Visit our website: https://altcoinbuzz.io Connect with us on Social Media: Twitter: https://twitter.com/Altcoinbuzzio Facebook: https://www.facebook.com/altcoinbuzzio/ Telegram: https://t.me/joinchat/DLi8Ug8negQrbwYO-oqNRA ---------------------------------------------------------------------------------- Looking for the best cryptocurrency wallets? Check these out: BitLox: https://bit.ly/2rWQnHa CoolWallet S: https://bit.ly/2Liy5bv Trezor: https://bit.ly/2IXrZic Ledger Nano S: https://bit.ly/2IyE3al KeepKey: https://bit.ly/2x5TlhM Read about them here: https://bit.ly/2rTdthZ --------------------------------------------------------------------------------- References: #DonaldTrump Just Made #Bitcoin A 2020 Election Issue https://www.google.com/amp/s/www.forbes.com/sites/billybambrough/2019/07/13/donald-trump-just-made-bitcoin-a-2020-election-issue/amp/ Study Exposes How Russia, Iran, & China Are Weaponizing Crypto https://www.ccn.com/news/russia-china-iran-weaponize-crypto/2019/07/13/?amp Wells Fargo is Not a Fan of Cryptocurrencies and Bans #Crypto Purchases https://www.altcoinbuzz.io/crypto-news/regulations/wells-fargo-is-not-a-fan-of-cryptocurrencies-and-bans-crypto-purchases/ Crypto Twitter https://twitter.com/APompliano/status/1150398512670171136?s=19 https://twitter.com/Ask_WellsFargo/status/1149728891059261441?s=19 https://twitter.com/DollarVigilante/status/1150266004410380288?s=20 Reminder of how important Bakkt is https://www.coindesk.com/bakkt-reveals-bitcoin-futures-contract-details-ahead-of-july-test-date -------------------------------------------------------------------------------- DISCLAIMER The information discussed on the Altcoin Buzz YouTube, Altcoin Buzz Ladies YouTube, Altcoin Buzz Podcast or other social media channels including but not limited to Twitter, Telegram chats, Instagram, facebook, website etc is not financial advice. This information is for educational, informational and entertainment purposes only. Any information and advice or investment strategies are thoughts and opinions only, relevant to accepted levels of risk tolerance of the writer, reviewer or narrator and their risk tolerance maybe different than yours. We are not responsible for your losses. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence and consult the financial advisor before acting on any information provided. Copyright Altcoin Buzz Pte Ltd. All rights reserved.
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Bakkt’s Futures Testing Will not Impact the Bitcoin Price

Bitcoin futures contracts have made somewhat of an impact on the world’s leading cryptocurrency’s price. That in itself is always interesting to keep an eye on, although it seems the mainstream couldn’t care much less about these trading vehicles. Bakkt is scheduled to “launch’ its own Bitcoin futures in the coming weeks, albeit it is important to acknowledge what is going exactly.  A Beta Launch Happens on July 22 Contrary to what some people may assume, Bakkt will not roll out its actual Bitcoin futures to the masses in just over a week from today. Instead, the company will begin testing this product and the underlying infrastructure to see how things will evolve. This phase is referred to as “user acceptance testing”, which means not everyone will be able to access this testing environment. It is a “glorified” beta test of the products, and should be treated as such.  Price Impact Will be Minimal Although the beta testing of this Bitcoin futures trading vehicle could spark a massive BTC bull run, it seems incredibly unlikely that will be the case. The general consensus among traders and enthusiasts is how the beta launch – as well as the full launch, whenever it happens – is already factored into the current Bitcoin price. That is something to keep in mind at all times, primarily because the value of BTC has fluctuated quite a bit in recent weeks. Rest assured it has nothing to do with Bakkt or its upcoming user acceptance testing.  When Will the Actual Launch Happen? There is a lot of conflicting information in that regard, albeit it is safe to say no one knows for sure at this time. More specifically, Bakkt initially expected to launch its Bitcoin futures in late 2018, yet that deadline was pushed back significantly. After all, this is why the user acceptance testing phase will only begin in July of 2019, which seemingly indicates the actual product launch is still weeks, if not months, away.  Even if the futures products launches in full, it remains to be seen who will be able to access these vehicles in the years to come. As regulators are closing down on any company providing exposure to cryptocurrencies, digital currencies, and tokenized assets, it will be interesting to see how Bakkt handles this particular aspect. By the time its futures launch in full, the US may have become an unsuitable area for Bitcoin products in general. based on how regulators are treating cryptocurrency right now, such a development seems more and more plausible every day.  Can Bitcoin Futures Products Succeed? Based on all of the Bitcoin futures products being released in the past two years, it seems very few people actively care about these products at this stage. While that negative attitude wasn’t entirely surprising during the crypto winter of 2018 and early 2019, it seems very little has changed ever since BTC surpassed $10,000 again in Q2 of 2019.  As such, one has to wonder what the response to Bakkt’s products will be. As the company will also support the ICE Futures US launch of margined futures for Bitcoin, there is a chance things could get a lot more interesting once everything has gone live accordingly. At the same time, one also has to keep in mind these products might not make any meaningful impact either. An interesting future lies ahead either way, albeit it might not necessarily benefit Bakkt in the long run.  Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency or digital currency. Image(s): Shutterstock.com The post Bakkt’s Futures Testing Will not Impact the Bitcoin Price appeared first on NullTX.
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Bakkt Testing Bitcoin Futures Traded at ICE Futures U.S.! What is BAKKT?

Bakkt Futures test is launching on july 22nd. Mattie will walk you through what bakkt is, how it might affect bitcoin and other cryptocurrencies, and more things you need to know about the launch! ----------------------------------------------------------------------------------- Visit our website: https://altcoinbuzz.io Connect with us on Social Media: Twitter: https://twitter.com/Altcoinbuzzio Facebook: https://www.facebook.com/altcoinbuzzio/ Telegram: https://t.me/joinchat/DLi8Ug8negQrbwYO-oqNRA ---------------------------------------------------------------------------------- Looking for the best cryptocurrency wallets? Check these out: BitLox: https://bit.ly/2rWQnHa CoolWallet S: https://bit.ly/2Liy5bv Trezor: https://bit.ly/2IXrZic Ledger Nano S: https://bit.ly/2IyE3al KeepKey: https://bit.ly/2x5TlhM Read about them here: https://bit.ly/2rTdthZ --------------------------------------------------------------------------------- References: Green light for physically-backed #Bitcoin derivatives https://bravenewcoin.com/insights/green-light-for-physically-backed-bitcoin-derivatives What Is #Bakkt ? https://www.cryptocompare.com/exchanges/guides/what-is-bakkt/ Will Bitcoin Make a Good Investment? Bitcoin Futures to Launch for Institutions in July https://beth.technology/bitcoin-investment/ Putting Bakkt’s Bitcoin Futures to the Test https://medium.com/bakkt-blog/putting-bakks-bitcoin-futures-to-the-test-47e381b7dda1 BAKKTs Older Blogs Custody at our Core https://medium.com/bakkt-blog/custody-at-our-core-15f6b26d16d6 Bitcoin Futures & Custody: Bakkt’s differentiated approach https://medium.com/bakkt-blog/bitcoin-futures-custody-bakkts-differentiated-approach-59b88d6984b5 Good reference to 'What is Bakkt? segment Bakkt to the Moon? What Bakkt Really Means for #Cryptocurrency https://coiniq.com/bakkt-to-the-moon/ -------------------------------------------------------------------------------- DISCLAIMER The information discussed on the Altcoin Buzz YouTube, Altcoin Buzz Ladies YouTube, Altcoin Buzz Podcast or other social media channels including but not limited to Twitter, Telegram chats, Instagram, facebook, website etc is not financial advice. This information is for educational, informational and entertainment purposes only. Any information and advice or investment strategies are thoughts and opinions only, relevant to accepted levels of risk tolerance of the writer, reviewer or narrator and their risk tolerance maybe different than yours. We are not responsible for your losses. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence and consult the financial advisor before acting on any information provided. Copyright Altcoin Buzz Pte Ltd. All rights reserved.
Altcoin Buzz

Beat Bakkt: LedgerX to Launch Physically-Backed Bitcoin (BTC) Futures

LedgerX Can Launch Bitcoin Futures Just a few weeks back, Bakkt revealed that it would be launching its Bitcoin (BTC) futures product for user testing in late-July. But, it seems that another cryptocurrency exchange has beat the New York Stock Exchange-backed initiative to the punch, so to speak. Announced Tuesday morning, LedgerX, a crypto asset derivatives platform headquartered in the Big Apple, has received clearance from the U.S. Commodity Futures Trading Commission (CFTC). This regulatory green light will allow the company to list physically-settled BTC futures, which are far different than the paper contracts offered by the CME. Great news: 24/7 bitcoin derivatives trading will soon be available for US residents. Minimum account size of $10K or 1 BTC. https://t.co/5OnAnEsCvA— Alex Krüger (@krugermacro) June 25, 2019 You see, unlike cash-settled futures, those holding ‘physical’ (as physical as a Bitcoin can be anyway) contracts are entitled to receive the underlying commodity when the contract matures, compared to just receiving a cash credit. Many analysts have claimed that this new form of Bitcoin-related asset, whether launched through Bakkt or what have you, will allow for better price discovery, presumably on the upside, especially considering the importance of the futures market today in cryptocurrency. As JP Morgan analysts recently explained in a note, if you disregard all the exchanges deemed “fake” by analytics companies, you’re left with an interesting picture about the Bitcoin market: cash-settled futures make up nearly half the volume. The thing is, none of the capital flowing into this future actually find their way onto the spot BTC market, reducing buy-side or sell-side pressure. Now back to LedgerX. According to CoinDesk, chief operating officer Juthica Chou has claimed that her company has no exact timeline, but she noted that LedgerX is looking to be the incumbent in this market. Chou adds that LedgerX intends to “serve customers of all sizes”, hinting that there may be a much-needed retail component to this upcoming product, something that Bakkt is seemingly not focusing on yet. Bakkt Hard at Work Despite the fact that Bakkt was kind of beat to the punch, the company is still hard at work. According to a recent report from trade publication The Block, Bakkt has just signed a former Google contractor, Chris Peterson, onto its team. The former UX consultant, according to a “person familiar with the situation”, is likely working on a digital asset wallet, dubbed “Bakkt Pay”. The Block’s sources say that following the release of the long-awaited financial vehicle, the crypto platform may launch the mobile application. Not many details were given about this product, but the outlet points out that Bakkt’s recently-updated website mentions digital payments.  This news comes months after The Block broke the news that contrary to skepticism, Bakkt is actually working closely with Starbucks, one of the world’s largest restaurant chains. Per their source, the coffee giant has managed to secure a substantial stake in Bakkt in return for “commitment to allow Bitcoin payments in store in 2019”. Photo by Rohit Tandon on Unsplash The post Beat Bakkt: LedgerX to Launch Physically-Backed Bitcoin (BTC) Futures appeared first on Ethereum World News.
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Bakkt news by Finrazor

DIGEST

Zcash unveiled an already fixed vulnerability, US presidential candidate McAfee the debtor, QuadrigaCX seeking protection and justice, Kraken's new partnership, evidence of BTC decentralization improvements, rumors as for Bakkt, a bunch of news from Ripple and Telegram TON updates

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DIGEST

GBV launches a $100M blockchain fund, Siemens invests $681M, Dapper Labs acquires $15M, Bitfury secures $80M, investors are defrauded of 6,9M HKD, FLiK is used to steal $5M, $300M to build crypto city, Grayscale releases its Q3 investment report, Morgan Stanley publishes its BTC report, crypto investor owes government $400K in taxes, Bitcoin Exchange Guide shows BTC traders mistakes, where institutional investors can invest in crypto

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HIGHLIGHT

Bakkt CEO: Physical Delivery, No Margin Trading

Earlier this month, the Intercontinental Exchange — the operator of 23 global leading exchanges including the New York Stock Exchange — announced Bakkt, a regulated ecosystem for digital assets. Kelly Loeffler, CEO of Bakkt, shares details about the upcoming platform.

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UK Finance Chief Ready to Engage with ‘Potentially Transformative’ Libra

The UK is studying the properties of Libra in-depth to prevent the digital currency from damaging the economy. This is what Philip Hammond, Chancellor of the Exchequer of the United Kingdom, said in a recent interview with CNBC’s Squawk Box. Hammond explained that regulators must fully understand how Libra works to counter the risks associated […] The post UK Finance Chief Ready to Engage with ‘Potentially Transformative’ Libra appeared first on CCN Markets
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Tether (USDT) Accidentally Creates $5 Billion in Crypto

Stable coins, which are backed by fiat currency, have become an integral part of the crypto ecosystem over the past couple of years, and in that regard, Tether (USDT) is possibly the most well known. However, the very fact that it is backed by fiat makes it possible for it to be prone to certain errors, and that is exactly what happened yesterday when the team behind USDT made a mistake that had an effect on the wider crypto market for some time. Administrative Error In an astonishing development, the members at Tether transferred $5 billion ... ﾿ Read The Full Article On CryptoCurrencyNews.com Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges. All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.
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ZILLIQA Price Prediction Today: Daily (ZIL) Value Forecast – July 15

• The short-term and medium-term outlook is in a downtrend. • Selling opportunities at the broken demand area may be considered. ZIL/USD Medium-term Trend: Bearish Supply zone: $0.02500, $0.02600, $0.027000 Demand zone: $0.01000, $0.00500, $0.00300 ZILUSD is in a downtrend in the medium-term. The bears' strong pressure broke the lower demand area of the rant […]
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Royal Mint In UK Enters Crypto Realm Offering Custodial Services for Temtum (TEM) Cryptocurrency

The Royal Mint in the UK, a 1,100 financial institution tasked with minting coins for the United Kingdom announced their plans to become a cryptocurrency custodian in the coming days. This becomes the first time the financial institution is entering into the cryptocurrency world following previous unsuccessful attempts. The Royal Mint released an official press […]
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