Cryptocurrency Blog

  • Bakkt To Delay Launch Of Highly Anticipated Bitcoin Futures Trading

    Bakkt’s CEO Kelly Loeffler explained that the volume of interest in the company and the work required to get all the pieces in place are contributing to the delay of the highly anticipated bitcoin futures trading platform.

    Basically the normal huff and puff of a product launch have caught up with Bakkt, and the projected date is now Jan 24th 2019.

    Stay Tuned For Further Updates

    The company is striving towards the building of an institutional grade cryptocurrency warehouse and they believe they’re making the 1st major step in building confidence in this new asset class, which is what many in the community are hoping.

    We’re all in this for mass adoption, and the betterment of worldwide economic processing. Bakkt has previously announced it was working with BCG, Microsoft, and Starbucks and are providing assistance in both customer experience and risk management for the new product.

Almost $1 Billion Stolen So Far This Year Via Cryptocurrency Hacks

It’s no surprise that the cryptocurrency industry is growing, and so is the total amount hackers are going home with. The total amount roughly $927 million has been moved from legit hands to less legit hands and many of these hacks were preventable. Just one of the altcoin hacks made up more than half of that total amount stolen this year, at a cool crisp $530 million, from the Japanese exchange coincheck.

The Roll Out Of Consistent Regulations

With the lack of cryptocurrency regulations across the board, the ability to launder and pass through exploits gave much of the chances needed to acquire the almost $1 Billion stolen.

Zaif a Japanese cryptocurrency exchange, is announcing a plan to compensate victims of a major hack last month, a result of new management of the exchange.

The future will not be safer for users of altcoins, but on a united front, will become more difficult to operate exploits within.

TD Ameritrade backs new cryptocurrency exchange ErisX

The retail brokerage firm TD Ameritrade, announced it would be investing in a brand new cryptocurrency exchange named ErisX.

The exchange will allow investors to trade:

  • Bitcoin
  • Bitcoin Cash
  • Ethereum
  • Litecoin
  • Bitcoin Futures

The CFTC Hurdle and the road to Bitcoin futures trading

The Exchange is built by derivative market provider Eris Exchange and is also backed by DRW Holdings and Virtu Financial. It’s also further noted that the bitcoin futures contracts traded by the exchange, will be physically delivered not cash settled.

ErisX is currently in the process of applying a self-certification of it’s bitcoin futures contracts with the U.S. Commodity Futures Trading Commission ( CFTC ) and will clear it’s derivative products through a parent firm’s clearinghouse if and when it’s approved.

Should the CFTC approve ErisX, they will begin cash trading sometime from March – June of 2019 and will begin trading derivatives in the second half of the year.