What Should We Expect From an Exchange Tailor-Made for Wall Street Investors?

Last week, the CEO of the Intercontinental Exchange (ICE) said that the firm’s digital asset platform, Bakkt, is expected to launch later in 2019. It is time to look deeper into the project, and see what it can bring to the crypto industry. What is Bakkt exactly? Bakkt (pronounced “backed,” referring to “asset-backed securities”) is […]

Two US Public Pension Funds Back New $40 Million Crypto VC

Two American public sector pension funds have reportedly backed a new cryptocurrency industry venture capital fund with a large tranche of a combined $40 million investment. The deal is being hailed as a show of confidence in the field from some of the most conservative types of investment managers. Also Read: In the Daily: New […]

In the Daily: New FSB Chair Fears Crypto, Wikileaks Goes After CSW, Bakkt Update

In this edition of The Daily we cover recent remarks from the new Chair of the Financial Stability Board (FSB), a spat between Wikileaks and Craig S. Wright (CSW), and the latest update about the upcoming institutional crypto platform Bakkt. Also Read: In the Daily: BCH Charity Anniversary, Lighting Wholesaler Takes Crypto, Atomicpay Vanity URLs […]

NYSE Parent ICE Anticipates Over $20 Million Spend on Bakkt This Year

Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, estimates it will spend more than $20 million this year in building Bakkt, its bitcoin futures trading and custody platform. In an earnings call for Q4, 2018, on Feb. 7, Scott Hill, ICE’s chief financial officer, said the firm’s investment in Bakkt will […]

Intercontinental Exchange (ICE) Chief Confident About Future for Bakkt and Crypto 

The ongoing regulatory delays and hurdles imposed by the US government have not dampened the enthusiasm for crypto related products such as the highly anticipated Bakkt launch. Bakkt Will be a ‘Moonshot Bet’ The Intercontinental Exchange (ICE) has recently announced its fourth quarter earnings which have beat some Wall Street predictions. Chief executive Jeffrey Sprecher […]

Bakkt Will Launch Later This Year

The CEO of the Intercontinental Exchange (ICE) expects the firm’s digital asset platform Bakkt to launch later in 2019. The comment was made by ICE CEO Jeff Sprecher during an earnings call Thursday, Feb. 7. The call was dedicated to ICE’s financial results for Q4 and the full year of 2018. Sprecher explained that the […]

NYSE Operator’s Crypto Platform Bakkt Finalizes Its First Acquisition

Bakkt, the much-anticipated digital assets platform operated by the Intercontinental Exchange (ICE), has closed its first acquisition, a tweet from the company revealed Feb. 8. The move marks the finalization of an acquisition of assets in futures commission merchant Rosenthal Collins Group (RCG). “With today’s closing of our transaction with Rosenthal Collins Group, we welcome […]

Bakkt is Our ‘Moonshot’ Bitcoin Bet

Bitcoin trading platform Bakkt is a “moonshot bet” for Intercontinental Exchange, the parent company of the New York Stock Exchange. That’s the assessment of NYSE chairman Jeff Sprecher, who’s also the CEO of ICE. While its launch has been delayed several times, Sprecher is optimistic that Bakkt will be worth the investment that ICE is making […]

Fake Website Mimicking Bakkt Platform Fails to Scam Crypto Community

A new Bitcoin (BTC) scam website representing digital assets platform Bakkt has appeared on the internet, with its domain “bakktplatform.io” registered on Jan. 31. The fake Bakkt website claims that the launch of the platform will take place on March 12, also offering investors a chance to participate in another funding round, accepting “investments” in […]

Someone Is Impersonating Bitcoin Futures Platfom Bakkt to Raise Money

Someone is poorly impersonating the highly anticipated bitcoin futures trading platform Bakkt in an apparent attempt to bilk people out of their bitcoin. On Wednesday night, the CoinDesk news team received an email (subject line: “Bakkt News!”) claiming that the platform was set to launch on March 12. The email, sent from a gmail address and […]