Tag: Parent

NYSE Parent Company Reveals Launch Date for Bitcoin Futures on Bakkt Platform

boss

The parent company of the New York Stock Exchange (NYSE), Intercontinental Exchange (ICE), has announced the launch date for Bitcoin (BTC) futures on its platform Bakkt, according to a document released Oct. 22. Bakkt is a platform for trading, storing, and spending digital assets that was established earlier this year by global exchange operator ICE. Per the document, ICE will list Bakkt Bitcoin (USD) Daily Futures Contracts for trading on Dec. 12, 2018. The product will be physically-settled and cleared by ICE Clear U.S., Inc. The notice further explains: “Each…

Coinbase Implements “Child Pays for Parent” Protocol to Mitigate Bitcoin Fees

boss

In a Medium post published October 2, 2018, Coinbase explained why their engineering team is taking another look at the established Child Pays for Parent technique to make sending and receiving bitcoin a more consistent experience. Bitcoin Fees Are a Double-Edged Sword While Bitcoin transaction fees are significantly lower than most traditional methods of cross-border payments, the price added to sending bitcoin is as volatile as the price of the cryptocurrency itself. On occasions, fees can be as low as one Satoshi per kb during times of extremely low network…

Coinbase Set to Speed Up Bitcoin Payments Introducing ‘Child Pays for Parent’ System

boss

Soon after launching three new products, digital platform Coinbase has come up with another update. The company is rolling out Child Pays for Parent (CPFP), a technique created with the aim to improve the reliability of Bitcoin transactions for customers. Blockchain transaction fees can be notoriously volatile. Learn how our engineering team is using a technique called Child Pays for Parent to improve the reliability of #Bitcoin transactions for our customers. #CPFP https://t.co/oRzxeqx9RM — Coinbase (@coinbase) October 3, 2018 Transactions in Bitcoin differ from that of a credit or debit card where fees…

NYSE Parent ICE’s New Futures Contract Will Deliver Real Bitcoin

boss

Intercontinental Exchange (ICE), the Atlanta-based firm that owns the New York Stock Exchange, announced Friday that it plans to launch a digital assets platform and a bitcoin futures product. Called Bakkt, the platform will leverage Microsoft’s cloud to build “an open and regulated, global ecosystem for digital assets,” according to a press release. Effectively, it will allow consumers and institutions to trade, store and spend digital assets over a worldwide network. Notably, ICE also plans to offer a one-day “physical” bitcoin futures contract – meaning bitcoin is actually delivered on a…