With Facebook and Netflix Involved, Are We Heading Into a New Era of Crypto Space?

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With Facebook and Netflix Involved, Are We Heading Into a New Era of Crypto Space?
With institutions now firmly in on the game, crypto is entering a new era. This is great news for retail investors, as many of funds, derivatives, and other financial instruments are also open to individuals now.
With Facebook and Netflix Involved, Are We Heading Into a New Era of Crypto Space?

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Source: CoinSpeaker

Fidelity International Exploring Blockchain by Cryptocurrency Testing

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Fidelity International Exploring Blockchain by Cryptocurrency Testing
Both the European and Asia branches of Fidelity International are exploring the perception of customers towards cryptocurrencies via a newly launched trading simulator specifically designed for digital assets.
Fidelity International Exploring Blockchain by Cryptocurrency Testing

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Source: CoinSpeaker

ErisX goes all hands on deck to launch a Bitcoin Futures market

ErisX’s CSO, Matt Trudeau, detailed the company’s four important plans for the future, which includes launching a spot market, to secure a Bit License, DCO, and to launch a futures market. ErisX currently has a DCM contract, which is a Derivative Contract Market that allows ErisX to run a CFTC-regulated futures exchange. However, ErisX aims […]
The post ErisX goes all hands on deck to launch a Bitcoin Futures market appeared first on AMBCrypto.
Source: AMB Crypto

CFTC Lets LedgerX Settle Futures in Actual Bitcoin

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CFTC Lets LedgerX Settle Futures in Actual Bitcoin
The Commodity Futures Trading Commission (CFTC) cleared Bitcoin derivatives provider LedgerX to offer physically settled BTC futures contracts to institutional and retail customers.
CFTC Lets LedgerX Settle Futures in Actual Bitcoin

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Source: CoinSpeaker

Belated ICE-backed Bakkt Bitcoin Futures Beta-Testing Launches in Less than a Month

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Belated ICE-backed Bakkt Bitcoin Futures Beta-Testing Launches in Less than a Month
As ICE Futures Exchange opens its Bitcoin Futures interest, CME concurrently soars in what appears to be a four day all-time high in a row.
Belated ICE-backed Bakkt Bitcoin Futures Beta-Testing Launches in Less than a Month

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Source: CoinSpeaker

Bitcoin Price Surges Above $11,300 Looking for More Upside Ahead

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Bitcoin Price Surges Above $11,300 Looking for More Upside Ahead
Bitcoin breaches another important milestone extending its gains above $11,300 levels. With this, Bitcoin has rallied over 20% in just last one week.
Bitcoin Price Surges Above $11,300 Looking for More Upside Ahead

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Source: CoinSpeaker

Coinbase CFO on speculative trading, Facebook’s Libra runs into trademark trouble and more

Crypto News – 22 June – Bitcoin surges past $10K, Facebook’s Libra runs into trademark trouble and more Don’t forget to follow us for our daily videos#facebooklibra #bitcoin#CryptoNews #bitcoins#Coinbase #cryptocurrency #CryptoTwitter pic.twitter.com/v2oFTRepnD — AMBCrypto (@CryptoAmb) June 22, 2019 Crypto News – 22 June Bitcoin now being embraced by the masses? As charted out by cryptocurrency analyst […]
The post Coinbase CFO on speculative trading, Facebook’s Libra runs into trademark trouble and more appeared first on AMBCrypto.
Source: AMB Crypto

Bakkt Brings on ex. Google Consultant as it Builds Its Mobile App Bakkt Pay

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Bakkt Brings on ex. Google Consultant as it Builds Its Mobile App Bakkt Pay
Bakkt hired a former Google consultant to help broaden its brand and assist with the roll-out of a new app. Bakkt Pay could be released in the next couple of months and will presumably enable instantly converting from cryptocurrencies to fiat.
Bakkt Brings on ex. Google Consultant as it Builds Its Mobile App Bakkt Pay

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Source: CoinSpeaker

Bitcoin Price Could Hit $62K This October, Says Analyst

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Bitcoin Price Could Hit $62K This October, Says Analyst
Here’s how the analysts are predicting higher targets for Bitcoin price based on the strengthening technical charts, growing fundamentals, and higher institutional participation.
Bitcoin Price Could Hit $62K This October, Says Analyst

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Source: CoinSpeaker

Bitcoin Exceeds Predicted Hash Rate Value as Bull Market Rages

The number one cryptocurrency by market capitalization Bitcoin has outperformed the expectations of several members of the crypto community as well as expert analysts and traders. However, the asset seems to have more surprises to dish out as it recently exceeded its predicted hash rate value for this time according to $100 trillionUSD.
Bitcoin hash rate
Hash rate is a measure of a miner’s ability to solve the complex mathematical problem which leads to the minting of new cryptocurrencies through a process called mining. The higher the hash rate, the higher the efficiency of the system and the easier it is for miners to get block rewards. This means that a higher hash rate is healthier for the network than a lower one.
Bitcoin hash rate model from $100 trillion USD
As a result of the current massive bull market, Bitcoin hash rate modeled by $100 trillion USD (shown above) which shows that Bitcoin would reach $10,000 by 2020 at the then rate of growth has been exceeded. In the Current market, Bitcoin is already well over $8,000 at the time of writing this article. This has beaten the expectations of several experts who expected recovery for Bitcoin after the 2018 bear market but did not know it would be so fast.
The rage continues
Bitcoin was just over $7,000 in the early hours of today. However, when it started rising, it took only a few hours for it to get past $8,000. Several factors have been associated with the price surge such as major news like Bakkt user acceptance testing in July, Gemini partnership with Flexa to bring crypto payments to major retailers as well as Microsoft’s announcement of distributed identity tool. The question the cryptocurrency community is asking now is, will the market surge continue this way? If it does then a lot more surprises may be awaiting industry experts and the entire community as the growth is completely unprecedented.
The post Bitcoin Exceeds Predicted Hash Rate Value as Bull Market Rages appeared first on Coingape.
Source: CoinGape

XRP surges by 5.7% in an hour after BTC pumps and Bakkt announces Bitcoin Futures launch date

The crypto-ecosystem regained its momentum following Bitcoin’s [BTC] stellar performance in bringing the market back form the dead. After weeks of sideways movement, XRP has finally come to the bull party, recording a growth of almost 6% over an hour.
XRP’s first gains in this cycle were registered on 10 May, when it traded at $0.29 after BTC breached the $7000 mark. BTC’s market confidence later helped the 3rd largest crypto to take its value up to $0.32, an increase of 10.34% in 3 days.
Coming as a surprise to XRP investors and the entire cryptoverse, the altcoin further recorded a surge of almost 6% within an hour, increasing the coin’s market cap from $13.6 billion to $16.1 billion, at press time.
While some industry experts believe XRP’s comeback to be an immediate effect of a BTC friendly market, others  speculate it to be an effect of Bakkt’s announcement to launch Bitcoin [BTC] futures.
Source: TradingView
Along with XRP, numerous other altcoins such as Ethereum [ETH] and Stellar Lumens [XLM], also rode the bullish wave as several coins maintained a steady trajectory towards value recovery. With BTC briefly breaching the $8000 mark, before falling again, crypto-enthusiasts are expecting many more price surges in the near future.
The post XRP surges by 5.7% in an hour after BTC pumps and Bakkt announces Bitcoin Futures launch date appeared first on AMBCrypto.
Source: AMB Crypto

Bitcoin [BTC] smashes $8000 on the back of Bakkt’s Bitcoin Futures contract launch in July

Bitcoin [BTC], the largest cryptocurrency by market cap, has been on a roller coaster that has been riding the high-wave. The coin that is making significant recovery from its 2018 lows has smashed through another important benchmark by trading above $8000 on top exchanges.
According to CoinMarketCap, at press time, the largest cryptocurrency was trading at an aggregated price of $7955 with a market cap of $140.795 billion. The trading volume of the cryptocurrency was noted to be $28 billion and has witnessed a rise of over 12 percentage in the past 24-hour. On Coinbase and Gemini, the value of the currency was over $8100, while on Bitfinex it was recorded at $8000.
Source: Trading View
The coin made this break-through right after two major developments: one from Microsoft and the other from Bakkt. On the one hand, the CEO of Bakkt, Kelly Loefller announced that the Bitcoin futures contract is anticipated to launch in July this year on Federal regulated exchanges. On the other hand, Microsoft announced the launch of a decentralized project, Ion, on Bitcoin blockchain.
More so, Bakkt would be launching two Bitcoin futures, daily settled Bitcoin futures, and monthly Bitcoin futures. Bakkt’s announcement read,
“Today, we’re pleased to update you on the launch of bitcoin futures contracts developed by Bakkt in collaboration with ICE Futures U.S. and ICE Clear U.S […] User acceptance testing for bitcoin futures custody and trading planned for July”
@JonJimbo2, a Twitterati said,
“I said Back in December that when bull market is confirm, Bakkt will miraculously obtain the regulatory approval that they claimed was holding up the December launch. Coincidence????”
@TheLostBigBoss, another Twitterati said,
“So insiders front ran Bakkt news the last week or so, which is the reason we’ve had this insane pump. Makes sense, now retail people will FOMO and buy the bags the insiders are selling at the top.”
The post Bitcoin [BTC] smashes $8000 on the back of Bakkt’s Bitcoin Futures contract launch in July appeared first on AMBCrypto.
Source: AMB Crypto

Bakkt ‘Bitcoin Futures and Custody’ Platform Launch Confirmed For the Year 2019

Bakkt Platform launch has finally been confirmed for 2019 as the firm seems to have finally been able to convince the regulatory watch-dog, CFTC (Commodity Futures Trading Commission) and NYDFS (New York Department of Financial Services) for its approval. The online platform will offer a daily settlement bitcoin futures contract, and a monthly settlement bitcoin futures contract similar to one offered by CME.
Bakkt will be launched in collaboration with two other ICE (Inter-Continental Exchange) subsidiaries: ICE Futures US and ICE clear US. ICE is also the parent company of the NYSE (New York Stock Exchange). ICE Futures US will handle the Futures contact while, ICE clear US will manage the margin trading on the platform.
Also Read: Bitcoin-based Bakkt Platform Moves to Acquire Bitlicense in New York: Bloomberg Report
The announcement made by Kelly Loeffler, the CEO of Bakkt emphasized on the conviction of the team and ICE in providing this service. She said in a blog post,
Bakkt will contribute $35 million into the clearinghouse risk waterfall. This puts our own “skin in the game” and aligns our interests for market integrity and safety with market participants.
The platform will also offer custody arrangements like Fidelity and Gemini. The custody wing is approved by the CFTC regulators. Safekeeping of the cryptocurrencies will be supported by insurance, cybersecurity, and comprehensive compliance, including an anti-money-laundering program and blockchain analytics
Also Read: Intercontinental Exchange (ICE) Released a List of its Favorite Cryptocurrencies; Same ‘Tokens’ To Be Included in Bakkt As Well?
Moreover, since Bakkt is not yet registered as a Trust Company, the Bitcoin Futures contract by placing Bitcoins in margin or custody will be awaiting a green signal for regulatory bodies. The test phase of the platform will be launched sometime in July this year. The public launch of the platform is also expected to be rolled out “in the coming months.”
Do you think the Bakkt new fuel new energy into the cryptocurrency markets or we’ll have to wait for the launch? Please share your views with us. 
The post Bakkt ‘Bitcoin Futures and Custody’ Platform Launch Confirmed For the Year 2019 appeared first on Coingape.
Source: CoinGape

ICE’s Crypto Startup Bakkt Acquires Digital Asset Custodian, Join Hands With BNY Mellon

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ICE’s Crypto Startup Bakkt Acquires Digital Asset Custodian, Join Hands With BNY Mellon
Bakkt latest acquisition of DACC is viewed as an attempt to push forward its regulatory approval of a crypto custodian. Bakkt has also collaborated with banking firm BNY Mellon to securely distribute private keys.
ICE’s Crypto Startup Bakkt Acquires Digital Asset Custodian, Join Hands With BNY Mellon

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Source: CoinSpeaker

TD Ameritrade Follows Footsteps of Fidelity, NYSE and Enters Crypto, Boosting Sentiment

An online trading platform that boasts more than 11 million retail clients has been rumoured to be moving into the crypto industry. TDAmeritrade is believed to be working with Chicago-based crypto exchange ErisX to facilitate offering digital asset buying and selling on its platform.
The news is just the latest example of an established platform opening up to the crypto asset industry. Previous examples such as those by Fidelity and Bakkt highlight that demand for digital currency-related services is clearly increasing, despite bearish sentiment continuing to abound.
Is TDAmeritrade Bringing 11 Million Investors to Crypto?
According to a report in crypto news resource, The Block, TDAmeritrade is moving into the digital asset industry. The publication cites an anonymous source “familiar with the situation” as linking the online trading platform with ErisX, a cryptocurrency trading venue based in Chicago.
The story goes that TDAmeritrade is involved with testing how to link up different traditional asset exchanges with the ErisX platform. If true, this could mean that a whopping 11 million retail investors will soon have the opportunity to take on direct exposure to crypto on a platform that they are already highly familiar with.
A spokesperson from ErisX declined to give the names of specific partners involved in the testing. However, they did confirm that there was indeed the aforementioned integration testing, which involved creating a “production environment with a limited number of participants to optimise the process in advance of our public launch.”

SCOOP ! ErisX is testing its new crypto exchange, and TDAmeritrade is one firm looking to link up with the markethttps://t.co/9M9Pl6DVcJ
— Frank Chaparro (@fintechfrank) April 24, 2019

Lending additional credence to the rumours is the fact that TDAmeritrade has been busy creating a cryptocurrency-focused team. An internal message from the firm, also reported by The Block, stated that Sunayna Tuteja would take up a position as the Head of Digital Assets at the traditional asset online trading venue.
Is the Market Finally Catching Up to the News?
If you look at the total market capitalisation for all crypto assets since December 2017, you’d be forgiven for thinking that some terrible event happened that completely crushed all optimism for the financial revolution started by Bitcoin ten years ago.
However, there has been no such black swan event. In fact, in terms of development, there has been plenty. Perhaps most telling that the demand for crypto is in the ascent rather than descent is the fact that some of the largest money managers and most established investment institutions are developing their own products and services to support the industry.
The largest of these is the Intercontinental Exchange, who are currently waiting on regulatory approval for the much-anticipated Bakkt platform, along with Fidelty, the multi-trillion-dollar investment giant that recently launched its own custody platform.
Evidently, there continues to be vast demand for such services from established and trusted names in the world of investments. The likes of the ICE and Fidelity are not going to put their reputation on the line for some flash-in-a-pan fad. Additionally, the fact that TDAmeritrade and the others that cannot yet be named are reportedly working with ErisX to offer their own crypto trading services only serves to highlight this further. Perhaps the recent price increases so far in 2019 finally represent this enduring interest in the of Bitcoin and other crypto assets.
 
Related Reading: Do the Recent Trading Volume Highs Mark an End to the Bitcoin Bear Market?
Featured Image from Shutterstock.
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Source: New feedNewsBTC.com