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Paul Tudor Jones milliárdos bitcoinjait a Coinbase kezeli

A 44 milliárd dolláros kockázati tőkealap titokban összeállt az iparág legnagyobb szereplőivel: kiderült a Coinbase és a Bakkt segíti a kripto letétkezelésben. Tavaly májusban Paul Tudor Jones, milliárdos befektető nyilvánosan jelentette be, hogy a vagyona 1-2%-át bitcoinba fekteti. A szektorban mindezidáig nem volt világos, hogy pontosan hogyan is fektetett bitcoinba a milliárdos. Azaz közvetlenül bitcoint vásárolt, vagy derivatív termékeken keresztül vett fel kitettséget a kriptopénzzel szemben. Annyi viszont biztos, hogy a tavaly még “csak” 38 milliárd dollárt kezelő Tudor Investment Corporation mára már majdnem 45 milliárd dollárra duzzadt. A tegnap megjelent felügyeleti dokumentumok szerint azonban most már tudni lehet, kivel…

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Starbucks Customers Can Now Pay With Bitcoin via Bakkt’s Digital Wallet App

Starbucks customers can now pay for items with bitcoin by leveraging the Bakkt digital wallet application. Bakkt’s CEO, Gavin Michael explained that 500,000 users participated in testing before the launch, as the company says it looks forward to expanding crypto assets to everyone. You Can Now Pay for Goods at Starbucks With Bitcoin You can now pay with bitcoin by leveraging the Bakkt wallet at the popular chain of coffeehouses called Starbucks. With over 30,000 locations worldwide, Starbucks is the world’s largest coffeehouse chain and pulls in around $26.50 billion in revenue yearly. According to Bakkt executives, 500,000 customers participated…

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Bakkt Has Launched its Bitcoin App and Announced Starbucks Partnership

Bakkt, the Bitcoin futures platform launched and operated by the Intercontinental Exchange (ICE), has released its long-anticipated application. Dubbed Bakkt App, it would enable customers to interact with BTC and other crypto assets directly through the platform. Additionally, the company has partnered with several notable firms, including Best Buy and Starbucks. Bakkt App Arrives Launched in 2018, Bakkt enables institutional and accredited investors to receive BTC exposure through its regulated platform. The company has touted the release of an application for years, and earlier this week, it announced that the product has finally arrived. According to the statement, the application…

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Bakkt introduces payments app as establishments contend for crypto assets

Bakkt believes its new crypto payments app can unlock quite $1 trillion value of digital assets for commerce. Major monetary establishments square measure increasing their cryptocurrency services, with Bakkt launching its digital plus payments application for the final public. Bakkt was launched by worldwide Exchange in 2018, with the firm providing Bitcoin futures contracts to licensed investors completely. The Bakkt App is that firm’s initial retail-facing crypto initiative. Bakkt’s app was trialed by five hundred,000 users invited to participate in its Early Access Program in late 2020. The firm is additionally conducting a $1 million giveaway to encourage folks to…

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Physically settled Bitcoin Futures for the win?

Physically settled BTC Futures on Bakkt are 322% higher relative to the July 2020 level. The average daily volume is $36 M.  Source: Skew Open interest increased 197% over the past two months and the growth of physically settled BTC Futures is proportional to the same. Physically settled BTC futures on Bakkt were the first offering of Bakkt, launched in September 2019. On-chain analysts believe that physically settled contracts have a higher impact on Bitcoin’s price on spot exchanges.   When physically settled BTC contracts hit a high in mid-August 2020 and during the last week, the price on spot exchanges…

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Turbulent Crypto Markets Expected – 87K Worth of Bitcoin Options Set to Expire on Friday

Markets are expected to be volatile this week, as a great number of bitcoin and ethereum options are set to expire this Friday. Data shows more than 87,000 bitcoin options will expire and 77% of the action is held on the Deribit exchange. U.S. stocks dropped hard on Monday, as the Dow Jones Industrial Average dropped more than 700 points during the stock market’s afternoon trading sessions. Meanwhile, bitcoin (BTC) took a hit on spot markets dropping over 4% in value. A number of other cryptocurrencies like ethereum (ETH -8%) lost even bigger percentages on Monday. However, crypto analysts are…

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Brace for it – Bitcoin Futures may be nearing a tipping point

What’s the tipping point for Bitcoin Futures on top derivatives exchanges like the CME, an exchange that has recorded a daily trading volume of over $300M and Open Interest of over $400M, consistently, for the past 3 months.  Source: Skew Well, a small shift in Open Interest or trading volume can have a cascading effect on Bitcoin Futures’ performance in the next 180 days. Such a shift will be influenced by several factors, and it begins at the tipping point. Three factors, to be more specific.  In the current phase of Bitcoin’s market cycle, these factors are more relevant for…

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New Bitcoin bull run? Whales and institutions accumulating, data shows

Data shows whales are not selling large amounts of Bitcoin at the current BTC price and institutions are accumulating BTC. As the price of Bitcoin (BTC) breaks past $11,100 on Sep. 19, whale activities and Bakkt’s all-time high volume suggests strengthening momentum. The 4-hour price chart of Bitcoin. Source: TradingView.com According to CryptoQuant’s Ki Young Ju, fewer whales have been sending BTC to exchanges. Historically, the data indicates less selling pressure from high-net-worth Bitcoin holders. Simultaneously, the daily volume of Bakkt’s institution-focused Bitcoin futures market achieved a record high. Operated by ICE, the parent company of the New York Stock…

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Bakkt To The Futures: Last Year’s Hottest Bitcoin Platform Breaks All-Time

A blast from Bitcoin’s past is making a comeback, reaching a new all-time highs trading volume after abysmal launch turnout sent the cryptocurrency’s price tumbling last year. What’s going on with Bakkt that suddenly has its Bitcoin Futures trading desk soaring in trading activity? Bakkt The Truck Up: Remembering The Reason For Crypto’s 2019 Collapse Last year, Bitcoin’s safe haven narrative first took shape, as the cryptocurrency began to rally alongside gold as tensions mounted between the US and China. Little did investors know, those buying up those safe haven assets then were actually preparing for a pandemic and hyperinflation…

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Why has Bakkt’s cash-settled Bitcoin Futures’ volume doubled?

Bakkt’s cash-settled Bitcoin futures were launched in December 2019 on popular demand. Physically settled Bitcoin futures exposed traders to the risk of holding the asset and didn’t exactly fly among derivatives traders.  Despite the initial roadblocks, cash-settled Bitcoin futures have doubled in volume in the past six months. What’s interesting is that it has maintained a consistent trading volume. Source: Skew This chart is more consistent than cash-settled futures volume on CME or aggregate across top derivatives exchanges, based on data from skew. Source: Skew The aggregate daily volumes on top exchanges and CME show significant drops. Among top reasons,…

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Daily Volume Record Increased By 36% On Bakkt Bitcoin Futures

Bakkt stands as a regulated crypto custodian and trading platform, owned by the Intercontinental Exchange, or IC. Today, Bakkt gave out a report regarding its physically-settled Bitcoin (BTC) futures contracts and the daily trading volumes thereof. Going 36% Higher From Last Daily Volume Record On the 16th of September, 2020, Bakkt revealed that in a single day, the platform managed to trade over $200 million in BTC contracts. This blasts past the previous record high, doing so by a factor of 36% Skew, a crypto market data aggregator, made it clear that this record figure stands at approximately double that…

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Bakkt Broke Its Own Record For Bitcoin Futures Trading

Bakkt broke its own record for bitcoin futures trading as it traded close to the $200 million marks a few days ago. However, Bakkt is still falling behind CME in BTC futures trading volume as we are reading further in the latest bitcoin news. Bakkt broke its own record as a crypto derivatives company run by the Intercontinental Exchange when 15,955 futures got traded on the platform accounting for $172 million in volume. Bakkt’s previous record was set at 11,706 Bitcoin futures so today’s high is set at 36% improvement. Bitcoin futures are agreements to sell or to purchase Bitcoin…

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Bakkt Bitcoin futures smashes daily volume record by 36%

Despite the milestone, Bakkt’s future volumes pale in comparison to those of top crypto exchanges Binance and Huobi. Bakkt, a regulated platform for crypto asset custody and trading owned by Intercontinental Exchange, has reported record daily trading volumes for its physically-settled Bitcoin (BTC) futures contracts. On September 16, Bakkt announced that more than $200 million worth of BTC contracts had been traded over a single day — breaking its previous record by 36%. According to crypto market data aggregator Skew, the record figure is roughly double the average daily volumes posted throughout September so far. Bakkt daily Bitcoin futures volume:…

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Bakkt’s Bitcoin Futures – Is something holding it back?

Institutional investors and their interest in Bitcoin Futures are driving growth on derivatives exchanges like the CME and Bakkt. In fact, just recently, Bakkt Bitcoin Futures volume hit a new high of $167M, while the CME clocked in a volume upwards of $930M on the same day, the 25th of August.   Source: Skew Source: Skew Though Bakkt lags behind when compared to the CME, Bakkt’s President Adam White believes that it will eventually gain even more traction. However, this narrative of institutional interest in Bitcoin is a highly debated one. Most analysts and experts hold the opinion that institutional interest…

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Bitcoin Futures: Spot prices not dictated by volume alone

Over the course of 2020, institutional investors have been keen on investing in Bitcoin Futures on regulated markets. A popular choice among institutions has been the derivatives giant Chicago Mercantile Exchange (CME). The popularity of the same can be highlighted by the fact that Bitcoin Options volume on CME rose by 1000% in May 2020 alone. In fact, analysts had been speculating whether bullish positions built by short-term institutional investors were responsible for this. Corresponding to such interest, Bitcoin’s price crossed $9000 several times in May 2020. So, do Bitcoin Futures markets influence Bitcoin’s price on spot exchanges? Source: Skew…

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Big Win for Bitcoin and Crypto as SEC Amends Definition of Accredited Investors

The SEC announces amendment to the Securities Law w.r.t. to the definition of “accredited and institutional investor.” The U.S. Governmental agency is looking to recognize the knowledge and expertise of individuals to freely participate in the financial markets. The new definition seeks to provide favourable treatment for “qualified and knowledgable” individuals in addition to the lower limit on turnover. Up until now, the limit for accredited investors was a net worth of $1 million (excluding personal residence) or an income of at least $200,000 in the last two years. The amendment allows for greater inclusion of crypto in the 401(k)…

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Bitcoin [BTC] Futures Open Interest Reaches All-Time High Above $5 Billion

Bitcoin [BTC] futures Open Interest (OI) across leading derivatives platforms topped its ATH in February to a new high above $5 billion. Okex Exchange is leading the futures market with an OI of $1.11 billion followed by BitMEX at 0.97 billion. The spikes on institutional platforms like CME and Bakkt are particularly grabbing the attention of the market. On 17th August 2020, the OI on CME at $948 million (an All-Time High) was nearly three times the OI during the high in February. Bitcoin Open Interest (OI) Across Derivatives Markets (Source: Skew) Along with Bitcoin, the futures OI for Ethereum…

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BTC Futures Trading on Bakkt Surges

It looks like Bakkt is experiencing a sudden surge in business. Bakkt Is Pulling a Few Unexpected Punches Recently, it was reported that the institutional crypto trading platform owned and governed by the Intercontinental Exchange (ICO) was doing rather poorly as of late, having traded zero bitcoin options since mid-June. Now, more than 30 days later, that still hasn’t changed. However, the platform has witnessed a surge in bitcoin futures trading. Just last Monday alone, Coin Market Cap reported a total of $114 million in BTC futures traded on Bakkt, posting the highest number for the platform in a single…

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