World’s 23rd Richest Man Invests in Cryptocurrency Exchange Bakkt’s First Funding Round

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Bakkt, a digital asset platform created by the Intercontinental Exchange, has completed its first funding round, securing an investment from Li Ka-shing, a renowned Hong Kong billionaire and one of the wealthiest men on the planet. Li Ka-Shing Leads Investment Round For Bakkt Bakkt, a cryptocurrency platform backed by the Intercontinental Exchange (ICE) had completed…

Bitcoin Futures Exchange Bakkt Raises $182.5 Million from BCG, Microsoft, Pantera Capital, and Others

Bitcoin Futures Exchange Bakkt Raises $182.5 Million from BCG, Microsoft, Pantera Capital, and Others

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Bitcoin enthusiasts are off to a promising start for 2019 as Bakkt announces the completion of a $182.5 million funding round from a host of influential venture capital funds. ‘Bakkt’ by the Biggest Bakkt was launched by the Intercontinental Exchange (ICE), the parent firm of the New York Stock Exchange, along with several other influential…

Nasdaq Reportedly Looking into Bitcoin Futures Despite Plunging Prices

Nasdaq Reportedly Looking into Bitcoin Futures Despite Plunging Prices

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The world’s second largest stock exchange, Nasdaq, is reportedly planning to introduce a Bitcoin futures market within the first quarter of 2019. The Bitcoin market has plunged by more than 80 percent across the spot markets, data from CryptoSlate has shown, but it hasn’t deterred the world second largest stock exchange from eyeing the lucrative…

Grant Thornton Attests USDC Is Backed by Fiat, Huobi Sets Up Communist Party Branch

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In exchange news, we look at a major accounting firm’s attestation that all USDC tokens issued by Circle are fully backed by fiat dollars. We also focus on a Huobi Group subsidiary that has set up a Chinese Communist Party branch, as well as Bakkt, which has listed the reasons behind its move into bitcoin.…

Google to Partially Lift Cryptocurrency Ad Ban Starting In October

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On Sept. 25, Google announced it would be updating its financial products and services policy to allow advertisements from regulated cryptocurrency exchanges from the United States and Japan starting in October. Bakkt announces physical BTC futures against USD, GBP, and EUR. Google will reverse its crypto ad ban in Oct. Financial giants and crypto startups…