The move from Bakkt further complements the decision of Coinbase and other exchanges including Binance US, OKCoin which had removed XRP coin from their platforms.
Bakkt projects an all-round growth with a 75% surge in revenue by 2025. This means the value will be around $515 billion with a cash-flow positive expected to take effect in 2023.
This past year has been a huge test for financial platforms.
As the asset retested its all-time high, Ethereum traders and investors are eagerly awaiting the launch of CME’s Eth futures scheduled in four weeks.
In a SPAC merger with Victory Park Capital, Bakkt plans to go public on the New York Stock Exchange (NYSE) at an estimated valuation of $2.1 billion. Bakkt parent ICE has pledged a $50 million initial investment.
While the proliferation of crypto mining firms is gradually taking the center stage, the duo of Riot Blockchain and Marathon Patent Group currently dominates the sphere and are backed up by investors’ money.
This Monday, January 11, will be remembered by the many. Bitcoin dropped nearly 20% as the US Dollar gained amid rising US Bond yields.
The pilot program by the central bank through the Agricultural Bank of China is in line with the country’s effort to develop a competent digital yuan.
As a result of the Nexon confirmation, Bithumb will remain a sole entity.
Polkadot has selected Koto design for a revamp of its platform. The project implementation will happen in three different phases – immersion, development, and delivery.
Although Bitcoin is currently used as a hedge unit in most portfolios, Palihapitiya thinks it will transit to something much more important in the near future.
The dip in Bitcoin price today is arguably one of the coin’s worst performances in the past few weeks and emotions amongst investors in the market following this dip are high.
With nearly 70% of the total ADA supply being staked, Cardano takes the lead over Polkadot to become the largest decentralized PoS blockchain network. Also, Cardano’s ADA is now the seventh-largest cryptocurrency by market cap.
Shortly after Larimer’s resignation became public, EOS dropped by 18%. At press time, EOS is trading at $2.74 which shows a 30% drop.
The US Congress now has the democrats in the majority and this may get the Biden administration a free ride to getting the new stimulus bill to be approved.