Tag Archives: Futures

‘Moonshot’ Bakkt Inches Closer to Launch with July Bitcoin Futures Testing

One of the major catalysts expected for the bitcoin price in 2019 is closer to becoming a reality. Bakkt, a bitcoin futures exchange owned by NYSE parent company ICE, will begin testing bitcoin futures trading next month. The regulated exchange made the announcement via a Medium blog post, and you could almost feel the crypto community breathing a collective sigh of relief. Continue reading ‘Moonshot’ Bakkt Inches Closer to Launch with July Bitcoin Futures Testing

Dow Futures & Bitcoin Look Shaky as US Celebrates Market Holiday

The US stock market is closed today in observance of Martin Luther King Jr. Day, but Dow futures pointed south after China’s growth fell to a nearly three-decade low. The cryptocurrency market, which never takes a breather, also remained bearish following Sunday’s pullback, leaving the bitcoin price uncomfortably close to the $3,500 mark. Continue reading Dow Futures & Bitcoin Look Shaky as US Celebrates Market Holiday

Bakkt’s Futures Contract Is Set to Be Launched

Bakkt‘s Bitcoin (USD) Daily Futures Contract, the physically-settled daily futures contract, is quite close to getting the green light from the authorities, according to reports on the Wall Street Journal (WSJ). The exchange has been working with the Commodity Futures Trading Commission (CFTC) to ensure its business plan is compliant with the agency’s regulatory framework. A couple of areas that stood out are the exemptions for the exchange to keep customer’s bitcoins, cybersecurity issues that could crop up and the financial liability, in the event of a hack. Once the CFTC decides to approve the project, the public has 30 days to weigh in with comments. Continue reading Bakkt’s Futures Contract Is Set to Be Launched