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Bakkt Announces First Earnings

Bakkt, the digital assets platform supported by the New York Stock Exchange (NYSE), acquired certain assets in the futures trading broker Rosenthal Collins Group (RCG). On Monday, January 14 announced.

Bakkt CEO Kelly Loeffler

He said the company's latest move is part of its plans to become one of the first integrated and institutional stock-market and surveillance solutions.

Loeffler; this acquisition also meant that the company was slowing down its operations while awaiting approval by the United States Commodity Futures Trade Commission (CFTC) to start trade in the crypto markets. Loeffler said:

Tır Our mission is to provide significant investment in technology to create an innovative platform. This is the most reliable for digital assets fintech ecosystem requires financial market expertise to deliver. sun

Bakkt's First Earnings

According to Loeffler's statement; The acquisition of assets at RCG will expand Bakkt's risk management and treasury operations with systems and expertise. It will also contribute to legal requirements such as money laundering (AML) and will know customer (KYC) policies.

RCG, founded in 1923, is an independent futures broker in December 2018, explaining that it sold its customer accounts to the leading commodity agent, Marex Spectron.

The final procurement announcement was made after the targeted date of the Bakkt launch, which was set on 24 January. However, it is claimed that the CFTC will not start on the target date due to a 30-day feedback period rule available to the general public on the proposal.

The CFTC does not operate as usual, as the US government is currently entering a record-breaking shutdown that began on December 22, 2018. This contributes to potential delay. It was first announced in August 2018 by the Intercontinental Exchange (ICE), which operates 23 leading global stock exchanges, including NYSE. On December 31st, ICE announced that the launch of the Bitcoin (USD) Daily Futures Contract timeline will be updated in 2019, in accordance with the CFTC's process and timeline.

Source: Cointelegraph

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Industry News

SEC Accuses 5 Insiders of BitConnect for Illegal Promotion

SEC, Yasadışı Tanıtım’dan BitConnect İçerisinden 5 Kişiyi Suçladı

About the five people at BitConnect SECIt said it “violated Federal Securities laws.”

The SEC's complaint is that “persons who support the BitConnect Program are sold without registering the Securities with the Commission and registering as a broker-dealer with the Commission as required by law.” BitConnect's lending program is said to encourage people to invest in potential investors, including Trevon Brown, Craig Grant, Ryan Maasen, and Michael Noble, by creating promotional-style videos and posting them on YouTube. It is also claimed that some YouTube channels that make promotions are paid on a commission basis in return for their promotional efforts.

Shortly after his release, Trevon Brown (better known as Trevon James) posted a tweet saying he didn't deny the charges and said the community would "rally" around him.

Real crypto OG's will rally around me.

The real ones that know the truth, and what happened from day 1.

Talk to you guys soon.⏳#FreeTrevon

— Trevon James, Founder of our.glass Crypto (@BitcoinTre) May 28, 2021

Lara Shalov Mehraban, Deputy Regional Director of the SEC's New York Regional Office,

“We will try to hold accountable those who make illegal profits by taking advantage of the public's interest in digital assets”

said.

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Bitcoin News

Who Has The Most Bitcoin (BTC) Savings?

Bitcoin Analizi, Bitcoin 5.700 Doları Geçti!

According to the research result, the Winklevoss twins own 150,000 BTC, but there are names that own more Bitcoin than them…

Blockchain Center, which investigates who owns the largest amount of Bitcoin (BTC); From Winklevoss twins to scammers, from hackers to "zombie coins", he laid out all the data.

On the other hand, the most famous hacking case of the cryptocurrency world, Mt. Gox incident allegedly owned 166,000 BTC.

It is claimed that 30,000 BTC seized from the Silk Road scandal is in the hands of Tim Draper.

Plus Token scammers were said to have 200,000 BTC.

On the other hand, “Zombie coins” are surprisingly plentiful. These tokens we are talking about consist of 1.5 million BTC, which will never be used and will not be spent by anyone forever.

Grayscale's Bitcoin Trust is known as the largest institutional Bitcoin investment vehicle and currently holds over 400,000 BTC of liquidity. Lightning Network only holds 1,000 BTC, while Ethereum (ETH) has another 80,000 BTC locked.

Another 2.5 million Bitcoins are expected to enter circulation over time. Time will tell which other names will be included in this list.

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Blockchain News

National Fisheries Institute and IBM's Blockchain Tracking System Food Trust

Ulusal Balıkçılık Enstitüsü ve IBM’in Blockchain Takibi Sistemi Food Trust

The United States seafood trade association, the National Fisheries Institute (NFI), is working with Food Trust, IBM's blockchain supply chain solution, to monitor FoodOnline's reports on June 11 seafood and food-related news.

In the report, they mentioned the new system for monitoring the type of seafood jointly carried out by multiple companies. In addition, NFI members representing harvesters, importers, cold storage, food service restaurants and retail sales were also included in the program.

IBM's Blockchain Tracking System Food TrustSIRF President's Statement

The project is funded by the Seafood Industry Research Fund (SIRF), whose chairman Sean O'Scannlain said in a statement on developments:

“The tracking system is nothing new to the seafood industry, but we'll test how blockchain is a new concept, with IBM's Food Tracking system, helping seafood businesses earn revenue and reduce costs to customers from harvest to distribution.”

The system also states who can access and how long companies can control data, and who will retain control after the chain is loaded. Raj Rao, IBM Food Trust general manager Food Food Trust can change any sector, especially when we have large ecosystems, businesses and organizations ” He said.

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Source: Cointelegraph