Wall Street Still Doesn’t Get What Bitcoin Might be Used For

Despite being one of the most discussed topics in the last few years, Wall Street still can’t figure out the utility of Bitcoin. Bitcoin Needs Greater Utility, Bakkt CEO Says Adam White, CEO of Bitcoin futures exchange operator Bakkt, said that “there needs to be greater utility” for Bitcoin. Nevertheless, it didn’t stop Bakkt, a subsidiary of NYSE parent Intercontinental Exchange (ICE), to promote crypto adoption on Wall Street, even though it launched the crypto futures platform after several delays. Speaking at a conference in New York, White said: “There’s…

Bakkt Boss is the Choice for Vacant Georgia Senate Seat

Endorsed by Gov. Brian Kemp, Kelly Loeffler, CEO of the Bakkt bitcoin futures exchange, will be offered a seat in the Georgia Senate next week. Bakkt Boss Takes Hot, Disputed Spot in Senate Loeffler will displace the previously offered candidate, U.S. Rep. Doug Collins, defying the expectations for appointing the long-serving congressman. Her appointment has the aim of building up a female presence in the Georgia branch of the GOP, hopefully building up the party’s appeal to women, reported AJC. But this also brings in one of the most prominent…

Bakkt To The Senate: CEO Kelly Loeffler To Occupy US Senate Seat

The CEO of Bakkt, Kelly Loeffler, is reportedly going to take the seat in the U.S. Senate for the state of Georgia. Governor Brian Kemp is set to choose the businesswoman rather than President Trump’s choice – U.S. Rep. Doug Collins. Bakkt CEO In U.S. Senate Governor Brian Kemp appears to be clear with his choice for the U.S. Senate seat after months of anticipation and discussions. The state of Georgia will reportedly have the CEO of Bakkt, Kelly Loeffler, taking the hot seat. While this might sound like a…

Before The Money: Bitcoin Early Adopters Reveal What Brought Them In So Early

Bitcoin has been around for more than a decade now. However, it’s safe to say that it gained mass attention at the end of 2017, following its unparalleled price increase to $20,000. In any case, the cryptocurrency has its fair share of proponents and early adopters – people who have been involved with it far before the events of 2017. Bitcoin brings forward quite a lot of benefits, especially when compared to traditional fiat currencies, and it’s nothing short of intriguing to find out what is it that got the…

November Ending in Red As Bitcoin Is Down $1500: Crypto Weekly Market Update

It has been an exciting week for Bitcoin. Volatility is back as the price went on a rollercoaster throughout the past seven days. The cryptocurrency started the week trading at around $7,150, dropped to a low of about $6,600 only to recover get up to $7,800. However, throughout the volatile month of November, Bitcoin lost upwards of $1,500 of its value. At the same time, despite Bitcoin’s violent price action, its dominance index remained flat around 66%. This means that altcoins managed to stand their ground and didn’t lose their…

Crypto Price Analysis & Overview November 29: Bitcoin, Ethereum, Ripple, Tron, and Matic

Bitcoin This week, Bitcoin saw a small correction from the previously seen bearish trend in November. The cryptocurrency managed to rise by a total of 7.67% to reach the current trading level of $7,768.  Bitcoin has a long way to recover, and for this market to be considered bullish again, we would need to see the coin break above the November highs at $9,600. If Bitcoin was to drop back beneath $7,000, we could then consider the market as bearish. Bitcoin now faces initial resistance at $7,915. Above this, resistance…

CME Group Bitcoin Futures Contract Expire Today, BTC Price Pushes Ahead

The monthly Bitcoin Futures Contracts of CME Group are set to expire today, as it’s the last trading Friday of the month. With the recent volatility, the volume of BTC futures contracts has also been on the rise at CME, as it hits the highest number in the last month. Meanwhile, Bitcoin has been on the rise in the past 24 hours just before the contracts are about to expire. CME Group Bitcoin Futures To Expire Today According to the contract specifications, the cash-settled Bitcoin Futures on CME are about…

Ethereum Express Launching New Projects For Over 48,000 Users

Featured  The Ethereum Express project is set to launch two pilot projects for a user base exceeding 48,000. Proof-of-Authority will be used in the Ethereum Express blockchain as the main algorithm and will serve to drastically increase the efficiency of internal processes for both pilot projects. Vlad Miller, CEO of Ethereum Express, together with the team The community-driven Ethereum Express is undertaking the launch of two pilot projects after the successful completion of tests showing 1,000 transactions per block and network capacity of over 200 transactions per second (TPS), outstripping…

Bitcoin Price Analysis: BTC’s Consolidation To End-Up In a Huge Weekend Move?  

It took just a few hours after we posted our previous Bitcoin price analysis, and Bitcoin broke out nicely the $7400 resistance, which is the neckline of the inverse head and shoulders pattern. Since then, Bitcoin quickly made a move to our next mentioned resistance level of $7700 and quickly got rejected. Over the past 40 hours, Bitcoin is trading under the tight range of $7400 to $7700. From the bullish side, after such a massive move ($6800 to $7700), a correction or consolidation was expected. So far, the correction…

Chinese Exchange IDAX Freezes Withdrawals, Confirms CEO’s Dissappearance

After days of uncertainty and rumors among the community, the Chinese exchange IDAX Global confirmed that the CEO has disappeared. As a result, withdrawal processes are still not functioning after initially being stopped earlier this week. IDAX Global CEO Disappears IDAX Global cryptocurrency exchange was the subject of a fair share of negative news over the last several months. After reportedly leaving the U.S. and Canada due to strict regulations, the company had to stop serving users in its home country as well. An announcement from a few days ago…