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Bakkt Will Launch Futures Platform in the US on September 23
The Bitcoin futures trading platform Bakkt, will launch its awaited platform for trading crypto on September 23 in the United States. This comes as Bakkt confirms that the company has received the required regulatory approval to move forward. Bakkt will launch in the United States on September 23 This news came in an official blog post from Bakkt. Bakkt, which is operated by the New York Stock Exchange-owned Intercontinental Exchange,…
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People’s Bank of China Reveal National Digital Currency “Is Ready”
The People’s Bank of China, China’s central bank, recently made a claim that it has now got a “ready” digital currency. This comes as the People’s Bank of China has been working on a blockchain solution for multiple years. China’s central bank reveals that its digital currency is “ready” Specifically, the Deputy Director of the People’s Bank of China, Mu Changchun, commented on this new digital currency. His comments came…
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Bank of America Files Patent for Ripple Referencing Settlement System
Bank of America, the American multinational investment bank and financial services firm, is reportedly looking into crypto. Specifically, it appears that Bank of America has filed for a patent which directly references the Ripple ledger. Bank of America explores Distributed Ledger Technology This news comes from a relatively fresh filing on Google Patents. The patent goes in-depth on a distributed ledger technology (DLT) system, which would supposedly work as an…
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Crypto Market Falls As Federal Reserve Chairman Says Libra ”Cannot Go Forward”
The Chairman of the Federal Reserve, Jerome Powell, recently spoke before the US House Financial Services Committee. In his talk, Powell put an emphasis on that Facebook’s Libra crypto must handle regulatory concerns. Powell noted that unless there is “broad satisfaction” with the way Facebook does this, he does not think Libra can go forward. Libra “cannot go forward” without broad satisfaction These comments have had a substantial effect on…