Day: February 9, 2019

Bakkt Is ICE’s Bitcoin (BTC) ‘Moonshot’ Bet, And That’s Ok

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Bakkt Is ICE’s Bitcoin Moonshot Bet Since Bakkt was announced late last summer, the Bitcoin-centric project has faded to the back of the minds of most Main Street investors. Yet, in a recent Q4 earnings call, Jeff Sprecher, the chief executive of the Intercontinental Exchange, remarked on the crypto upstart, bringing the topic back into relevance in some semblance. According to a transcript of the call that was obtained by Seeking Alpha, firms executives made a minimum of 13 mentions of Bakkt in the shareholder-centric conference/presentation. What was most notable…

Bakkt Is ICE’s Bitcoin (BTC) ‘Moonshot’ Bet, And That’s Ok

boss

Bakkt Is ICE’s Bitcoin Moonshot Bet Since Bakkt was announced late last summer, the Bitcoin-centric project has faded to the back of the minds of most Main Street investors. Yet, in a recent Q4 earnings call, Jeff Sprecher, the chief executive of the Intercontinental Exchange, remarked on the crypto upstart, bringing the topic back into relevance in some semblance. According to a transcript of the call that was obtained by Seeking Alpha, firms executives made a minimum of 13 mentions of Bakkt in the shareholder-centric conference/presentation. What was most notable…

Bakkt Will Launch Later This Year

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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 company spent over $1 billion on strategic initiatives, including on the launch of the digital asset platform. ICE operates 23 leading global exchanges, along with the New York Stock Exchange. The company’s CFO, Scott Hill,…

Cryptos See Mild Movements After Market Surge, Bitcoin Holds Above $3,600

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Saturday, Feb. 9 — as Coin360 data shows, major cryptocurrencies are facing a mix of mild gains and losses, following a major market surge since yesterday. Bitcoin (BTC) is holding steady above the $3,600 price point. Market visualization from Coin360 BTC gained over $200 in value on Friday, Feb. 8, reaching a multi-week high of $3,691 throughout the day. The top currency continued to trade sideways today, before stabilizing to press time around $3,660. Bitcoin 7-day price chart. Source: CoinMarketCap BTC daily transaction volume is steadily growing, according to transactionfee.info…

Cryptocurrency Payments for Electricity Bills: Looking Ahead

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Cryptocurrency Payments for Electricity Bills: Looking Ahead February 9, 2019 by William Peaster This week, the energy arm of ConsenSys spinoff Grid+ angled toward cryptocurrency payments for electricity in two of Texas’s largest electric delivery service areas. Zooming out, the modest step forward forebodes a future where second-layer blockchain scaling solutions and smart contracts may drive real-time payment settlements in energy markets and beyond.  Also read: Cryptoeconomy: It’s Alive! But Is a Wider Bear Market Just Beginning? We love hearing from our readers. Sound off on our Twitter or Facebook pagesCheck out our insights & interviews…

BlockTower Exec: Bitcoin Unlikely To Get Ousted By Fast, Feature-Rich Crypto Assets

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Ari Paul, the managing partner of crypto asset investment group BlockTower, recently took to Twitter to make an intriguing claim: Bitcoin (BTC), the asset, is bigger than its own underlying blockchain. You heard that right. The industry insider, formerly of the University of Chicago’s portfolio and Susquehanna International, explained his reasoning behind this claim, and the implications it could have on the broader crypto ecosystem. Related Reading | No One Needs An ETF & Bakkt, BTC Already Is Money: Crypto Investor BTC > The Bitcoin Blockchain In a recent thread on…

Bitcoin (BTC) May Have Surged, But Keep An Eye On $3,000

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Crypto Trades Flat After Friday Pump One day ago, crypto investors en-masse awoke to a surprising sight. Bitcoin (BTC) was trading above $3,700, posting an 8% daily performance, while altcoins, especially Litecoin (LTC) found themselves up by dozens of percentage. This move, catalyzed by an influx of buy-side pressure, pushed the cumulative value of all cryptocurrencies beyond $124 billion — from the $110 billion it was averaging in the days prior. Yet, since the unexplained influx, markets have quieted down. Bitcoin market dominance moved a tad higher to 53.0% from…

Cryptocurrency is ‘Honestly Useless’: Harvard Cryptographer

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Cryptocurrency is useless to anyone other than nefarious groups or individuals trying to move money without being noticed by the government. This is apparently the cutting-edge opinion of Harvard University cryptographer and technology researcher Bruce Schneier. Citing a series of regularly discredited and debunked talking points, Schneier believes that the aims of Bitcoin according to its original whitepaper have been defeated by the reality of its deployment, which means that in addition to being operationally difficult and risky, it also fails to deliver on its basic premise, which essentially renders…

Cryptocurrency is ‘Honestly Useless’: Harvard Cryptographer

boss

Cryptocurrency is useless to anyone other than nefarious groups or individuals trying to move money without being noticed by the government. This is apparently the cutting-edge opinion of Harvard University cryptographer and technology researcher Bruce Schneier. Citing a series of regularly discredited and debunked talking points, Schneier believes that the aims of Bitcoin according to its original whitepaper have been defeated by the reality of its deployment, which means that in addition to being operationally difficult and risky, it also fails to deliver on its basic premise, which essentially renders…

Crypto Tidbits: Jack Dorsey Loves Bitcoin, Abra Bridges Gap Between Stocks & Crypto

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For once in a blue moon, the Bitcoin (BTC) market saw notable price action over the past week. On Friday, the aggregate value of all crypto assets saw a 9% hike, as Litecoin (LTC) posted a jaw-dropping 34% gain to precede a collective market rally. BTC moved above $3,700, catalyzing optimists’ quips that further recovery is inbound. This aside, the fundamental side of this budding space posted just as strong of a performance, as notable strides were made by crypto startups. ErisX, a crypto trading platform backed by TD Ameritrade,…