Bakkt Launches New Products, CEO Joins Senate

Earlier this week, institutional Bitcoin (BTC) futures platform Bakkt launched two new financial products: the first United States-regulated BTC options and cash-settled futures. The announcement came just three months after the project went live with its physically delivered futures, following a series of delays. Meanwhile, the platform’s CEO, Kelly Loeffler, is reportedly going to replace Georgia Senator Johnny Isakson in the U.S. Senate by the end of the year. So what do these new developments mean for Bakkt and the crypto market in general?  What is Bakkt?  Bakkt (pronounced “backed,”…

Hybrid AI Firm Cindicator Launches Crypto Fund Based on Hybrid Intelligence

Hybrid intelligence firm Cindicator is launching Cindicator Capital, a crypto hedge fund based on hybrid intelligence and quantitative research. In a press release on Dec. 11, the company said that this new crypto fund provides access to investment strategies based on hybrid intelligence data as well as quantitative research, which includes data from forecasts and decentralized analysts. Cindicator co-founder and CEO Mike Brusov said: “The Cindicator ecosystem is entering the next level of its development, preparing to start the onboarding of external capital from a fund of funds, family offices,…

German Bank Launches Digital Assets Unit to Offer Custody Products

“We believe that all tradable assets will be tokenized in the future,” said Alexis Hamel, managing director of solaris Digital Assets. “solarisBank had proven that the Banking-as-a-Service model works, and with a full German banking license solarisBank is ideally positioned to use the same model for solaris Digital Assets to provide custody-as-a-service.” Author: Nathan DiCamillo Source link

World’s 2nd-Largest Bank CCB Launches Blockchain Refactoring: Report

China Construction Bank (CCB), the world’s second-biggest bank by operated assets, has officially launched its blockchain-based refactoring platform. Targeting commercial factoring business, CCB aims to bolster operations and reduce major risks in its refactoring business while providing shared data access by multiple participants, Chinese news outlet Sina Tech reports Dec. 6. As reported, factoring firms represent third parties that buy businesses’ invoices at a discount in order to help those businesses raise funds. CCB’s blockchain trading platform reached $50 billion in cumulative volume in October The news comes after CCB…

Bitpay Launches Support For Three USD Stablecoins — But Not Tether

Controversial cryptocurrency payment processor BitPay has announced it is adding three stablecoins to its list of supported tokens.  In a press release on Dec. 10, BitPay confirmed businesses could now accept payment in USD Coin (USDC), Gemini Dollar (GUSD) and Paxos Standard Token (PAX). All are pegged to the U.S. dollar.  BitPay steers clear of USDT  The rollout brings the total number of available cryptocurrencies to six, alongside Bitcoin (BTC), Bitcoin Cash (BCH) and Ether (ETH). Notably absent from BitPay’s choice is Tether (USDT), the stablecoin with by far the…

Bakkt Launches 1st Regulated BTC Options as CEO Enters US Senate

The Intercontinental Exchange (ICE)’s digital asset platform Bakkt has launched the first regulated Bitcoin (BTC) options and cash-settled futures in the United States. According to an announcement on Dec. 9, Bakkt is now using its physically settled Bitcoin contracts as a benchmark to build complementary products. Bakkt’s monthly futures contract will be a benchmark for other new products The news was announced in a blog post by Bakkt COO Adam White. The post reads: “By starting with the physically delivered Bakkt Bitcoin (USD) Monthly Futures, we have a benchmark contract…

Echo Launches Bitcoin Sidechain, a Weighted Approach to More Functionality

In late November 2019, the Bitcoin-based DApp network Echo announced the launch of a Bitcoin sidechain on its blockchain testnet. It framed the release as a critical step in its mission to establish decentralized financial applications that leverage BTC as a native asset for lending, trading and more.  “The launch of the Bitcoin sidechain on Echo testnet is the first step towards building the most trust-minimized sidechain for Bitcoin in existence,” Alexei Dulub, founder and CEO of PixelPlex, the blockchain development firm behind Echo, told Bitcoin Magazine. “Getting BTC into…

MasterCard Launches ‘Fintech Express’ in Asia Pacific

Nov.10 — Ari Sarker, co-president for Asia-Pacific at MasterCard, discusses the launch of their “Fintech Express” platform in Asia-Pacific, how the platform works, their business strategy, blockchain technology, their pullback from Libra and his outlook for the company. He speaks on “Bloomberg Markets: Asia” from the sidelines of the Singapore FinTech Festival in Singapore. UCIALMKvObZNtJ6AmdCLP7Lg Source link