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Ponvang Bulus

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I am a cryptocurrency enthusiast, investor and writer. I am particularly interested in trending issues in the crypto space both technical and financial and love to write about same. Contact: Pongvang.bulus [at] zycrypto.com
Bitcoin Halving 2020 - Should You Invest?

Analysts Say Bitcoin Could be Breaking Upwards to $10,000 in Coming...

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Facebook makes the much anticipated dive into Crypto, a stablecoin backed by WhatsApp is currently in the works

Facebook to roll out its ‘GlobalCoin’ Cryptocurrency In Early 2020. Will...

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SEC Draws Battle Line Against ICO Scams in it's Yearly Annual Report

Scam Watch: Bitconnect 2.0 Is Launching In July 2019

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New Bitcoin Whales Movement Could cause even more Volatility than Usual

Large Bitstamp Transaction under Investigation as BitMex Reports $250 Million Liquidation

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XRP Flying High, Pulls Away From Ethereum (ETH) As It Eyes $0.35

XRP Emerges Biggest Gainer, Skyrockets Over 26% To Break Into $0.4

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XRP To Hit $300 In 9 Months If 2019 Goes The 2017 Way

New York Residents can now Access XRP Services on Coinbase.com

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Mike Novogratz Thinks Bitcoin Will Be Worth More Than $20k By 2021

Great Industry News Push Bitcoin Towards $8,000

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Bakkt says its Mission is to “bring digital assets into the mainstream” Bakkt, the cryptocurrency ecosystem created by Intercontinental Exchange (ICE) is primarily meant to facilitate mainstream adoption, according an update on the Bakkt Twitter page. This according to the update will be achieved by enabling transaction efficiency between consumers and merchants. The cryptocurrency platform launch which was scheduled for January 24 has been postponed due to legal and regulatory reasons. Prior to the recent postponement, the launch had been postponed twice last year, the last schedule being for December 12 2018. Majorly, the delay of the launch is due to the US Government shutdown which failed. Since the launch must be approved by the Commodity Futures Trading Commission (CFTC), it cannot go on until the government systems are back in shape. The launch has been postponed to April 2019 although no precise date has been given. A chinese billionaire by the name of Li had invested in the project in anticipation of the launch, completing the projects first funding round. By the end of 2018, Bakkt had raised up to $180 million. Apart from Li, Bakkt also vrough in institutional investors such as Boston Consulting Group, Microsoft’s venture capital arm M12 and Naspers’ fintech firm. Confirming this, Bakkt CEO Kelly Leoffler said: “Clearing firms and customers have continued to join us as we work toward CFTC approval. We made great progress in December, and we’ll continue to onboard customers as we await the ‘green light’.” The incessant postponements are of concern not just to the cryptocurrency industry but also to ICE as Bakkt was supposed to launch as a new territory for ICE at a time when a formidable competitor, the new exchange MEMX is coming into the futures market, largely to overturn ICE. For the cryptocurrency industry, Bakkt is supposed to encourage mainstream adoption which is expected to drive institutional investors to the industry. With the postponement however, the industry will have to wait until the government gives its approval. The cryptocurrency market had started improving just few days ago but with the recent postponement, there is another dip that just started today. Among the top ten cryptocurrencies, only EOS is in green at the time of writing this article. Bakkt launch will certainly promote the cryptocurrency industry as it also intends to “build the first integrated, institutional grade exchange-traded markets and custody solution for physical delivery of digital assets”, as tweeted earlier today. Will the delay worsen the market condition before it is finally done?

Bakkt Update: Futures and Custody User Acceptance Testing to Come up...

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A Possible Future Of The Binance Coin (BNB) in the Next 9 Months

Update On Binance Security Breach: Deposits and Withdrawals to Resume Soon

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With Or Without A Bitcoin ETF, The Crypto Industry Will Grow - Says Binance CEO CZ

U.S. SEC Receives New Bitcoin, Ethereum ETF Application, Will This Be...

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Crypto Market Watch: Ethereum (ETH) Maintains Bullish Ground Ahead Of The Constantinople Hard Fork

Peter Brandt: Bitcoin has Hit a Clear Bottom and Will Repeat...

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Here’s How Blockchain Will Soon Let You Track The Origin Of Your Gold and Silver

Britain’s Prince Charles Says Blockchain is A “Very Interesting Development”

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Bitcoin Developers Propose Temporary Reduction of Block Size to 300 Kilobyte 1 Megabyte

Major Crypto Fund Passes Death Sentence On Altcoins If Bitcoin Price...

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Crypto Market Crash forces Bitmain to shutdown its Israeli Development Center

This Nobel Prize Winning Economist Wants An End To Cryptocurrencies

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© ZyCrypto 2018
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