Bakkt to introduce cashsettled BTC futures
CoinMarketCap Daily
Newsletter Efficient “Nothing is a waste of time if you use the experience
wisely.” – Auguste Rodin And we have concluded our first ever conference, 'The
Capital'! If you missed the live stream, do check out the replay here!
Or, check out this recap of what went down here! #TheCapital
Today in
history (1841), James Braid saw a demonstration of animal magnetism for the
first time, and it progressed to his study of the subject he eventually termed
hypnotism. In today's newsletter, we will be covering Evercoin taking
aim at Trezor and Ledger with new cryptocurrency hardware
wallet, Bakkt in discussions to have cash-settled Bitcoin
futures in Singapore and BitGo now processing 20% of all
Bitcoin transactions. Please do not forget to answer the polls
down below too! It's a great way to interact with you and hear what you have to
say.
Happy reading! 
Over the last 24 hours, total market capitalization
pretty much stayed at the same level as it was yesterday, at ~$241
billion, with most coins either seeing gains or losses in the ~1-5% range.
24-hour volume registered ~$62 billion. BTC is currently trading
at ~$8,800, pretty much trading at the same levels as yesterday. On the
daily chart, BTC broke below its 100-day EMA support line, and RSI is at ~47. On
the weekly chart, BTC broke below its 21-EMA support line. BTC continues to be
trading within its lower highs and lower lows trading pattern it
has been trading within since late June this year.
How much do you agree with
this statement: "CoinMarketCap should continue hosting
crypto conferences." Why or why not? Share with me in the polls!
CoinMarketCap released a new liquidity metric to combat inflated volume
reporting by crypto exchanges. Secretive CMC founder Brandon Chez and
proof-of-stake inventor Sunny King discussed the consensus algorithm wearing
masks and capes (plus with distorted voices). A delicious Italian-themed lunch
was served with the overwhelming smell of truffles wafting from the risotto —
the industry must be doing pretty well! TechCrunch and XRP Capital
founder Mike Arrington called the crypto industry “sick” (not in the good
sense). Finance app Circle’s founder and CEO, Jeremy Allaire, said that what
many call the 2017 ICO “bubble” was actually “really interesting” because “we
got a glimpse of what internet-based capital markets could look like.” He
also said other important things in an exclusive interview with The Capital
backstage. Evercoin announced the launch of Evercoin 2 on 13 Nov at the New
York Consensus Summit, and claims that the new hardware wallet is the
market's safest known that offers users with an "end-to-end encrypted
ownership solution for cryptocurrency storage". It is powered by security key
YubiKey 5ci, the same tech that offers robust hardware-backed
validation for iPhones and other devices, and has a hardware wallet
smaller than a house key that is also the first to use YubiKey 5ci for iPhone
and USB-C on Android devices.
It sets itself apart from other
hardware wallets like Trezor due to the YubiKey's 360-degree internet
protection, with security hardware that is completely controlled by users. This
means that users can access all financial services from a service like Coinbase,
and still get to choose to store their private keys safely in a hardware device.
Bakkt's COO Adam White recently revealed the International Exchange (ICE)
subsidiary's plans to grow its existing physically-settled offerings to
include cash-settled futures before end-2019. The new
cash-settled monthly futures are expected to be offered via the
company's Singapore-based clearinghouse, ICE Clear Singapore, and
enable trading on ICE Futures Singapore.
The product will be
based on data provided by Bakkt's physically-settled BTC futures product,
and futures traders who sign up for the company globally can
access it, just like how global traders can currently trade the current
futures offered by ICE Clear U.S.. The company's new product
allows it to join the likes of CME Group, which is the only company that
currently offers cash-settled BTC futures in the U.S.. Cryptocurrency
custodian and offerer of hot and cold storage wallets BitGo announced that it
currently processes over 20% of Bitcoin (BTC)'s transactions on 12 Nov. A
significant portion of BTC's on-chain transactions pass through its services,
which has raised concerns as to whether those assets would be at risk should
BitGo fall.
However, BitGo CEO Mike Beishe assured that there was "nothing
to fear" because the company "removes single points of failure" in its multi-
signature key system and ensures customers that "they are always in control of
their own assets no matter the circumstances". A digital code generated by key
encryption that is attached to an electronically transmitted document to verify
its contents and the sender’s identity. On 12 Nov, China’s Digital Currency
Research Institute mentioned that the country's proposed new stablecoin project
should achieve a balance between safeguarding privacy and regulatory
enforcement.
The Chicago Mercantile Exchange (CME) Group has declared the
launch date of options on Bitcoin (BTC) futures to be 13 January, 2020.
Exchange Huobi Group's regulator-facing public blockchain, Huobi Chain, has gone
open source and is now publicly available to all GitHub developers.
TBA -
Justin Sun's lunch with Warren Buffett "How much do you agree with this
statement: "I'm really digging the CoinMarketCap 'The Capital' conference.""
The average vote was 7. 40.9% of y'all voted a '10'. Don't procrastinate!
Unsubscribe - Unsubscribe Preferences
CoinMarketCap Daily
Newsletter Efficient “Nothing is a waste of time if you use the experience
wisely.” – Auguste Rodin And we have concluded our first ever conference, 'The
Capital'! If you missed the live stream, do check out the replay here!
Or, check out this recap of what went down here! #TheCapital
Today inhistory (1841), James Braid saw a demonstration of animal magnetism for the
first time, and it progressed to his study of the subject he eventually termed
hypnotism. In today's newsletter, we will be covering Evercoin taking
aim at Trezor and Ledger with new cryptocurrency hardware
wallet, Bakkt in discussions to have cash-settled Bitcoin
futures in Singapore and BitGo now processing 20% of all
Bitcoin transactions. Please do not forget to answer the polls
down below too! It's a great way to interact with you and hear what you have to
say.
Happy reading! Over the last 24 hours, total market capitalizationpretty much stayed at the same level as it was yesterday, at ~$241
billion, with most coins either seeing gains or losses in the ~1-5% range.
24-hour volume registered ~$62 billion. BTC is currently trading
at ~$8,800, pretty much trading at the same levels as yesterday. On the
daily chart, BTC broke below its 100-day EMA support line, and RSI is at ~47. On
the weekly chart, BTC broke below its 21-EMA support line. BTC continues to be
trading within its lower highs and lower lows trading pattern it
has been trading within since late June this year.
How much do you agree withthis statement: "CoinMarketCap should continue hosting
crypto conferences." Why or why not? Share with me in the polls!
CoinMarketCap released a new liquidity metric to combat inflated volume
reporting by crypto exchanges. Secretive CMC founder Brandon Chez and
proof-of-stake inventor Sunny King discussed the consensus algorithm wearing
masks and capes (plus with distorted voices). A delicious Italian-themed lunch
was served with the overwhelming smell of truffles wafting from the risotto —
the industry must be doing pretty well! TechCrunch and XRP Capital
founder Mike Arrington called the crypto industry “sick” (not in the good
sense). Finance app Circle’s founder and CEO, Jeremy Allaire, said that what
many call the 2017 ICO “bubble” was actually “really interesting” because “we
got a glimpse of what internet-based capital markets could look like.” He
also said other important things in an exclusive interview with The Capital
backstage. Evercoin announced the launch of Evercoin 2 on 13 Nov at the New
York Consensus Summit, and claims that the new hardware wallet is the
market's safest known that offers users with an "end-to-end encrypted
ownership solution for cryptocurrency storage". It is powered by security key
YubiKey 5ci, the same tech that offers robust hardware-backed
validation for iPhones and other devices, and has a hardware wallet
smaller than a house key that is also the first to use YubiKey 5ci for iPhone
and USB-C on Android devices.
It sets itself apart from otherhardware wallets like Trezor due to the YubiKey's 360-degree internet
protection, with security hardware that is completely controlled by users. This
means that users can access all financial services from a service like Coinbase,
and still get to choose to store their private keys safely in a hardware device.
Bakkt's COO Adam White recently revealed the International Exchange (ICE)
subsidiary's plans to grow its existing physically-settled offerings to
include cash-settled futures before end-2019. The new
cash-settled monthly futures are expected to be offered via the
company's Singapore-based clearinghouse, ICE Clear Singapore, and
enable trading on ICE Futures Singapore.
The product will bebased on data provided by Bakkt's physically-settled BTC futures product,
and futures traders who sign up for the company globally can
access it, just like how global traders can currently trade the current
futures offered by ICE Clear U.S.. The company's new product
allows it to join the likes of CME Group, which is the only company that
currently offers cash-settled BTC futures in the U.S.. Cryptocurrency
custodian and offerer of hot and cold storage wallets BitGo announced that it
currently processes over 20% of Bitcoin (BTC)'s transactions on 12 Nov. A
significant portion of BTC's on-chain transactions pass through its services,
which has raised concerns as to whether those assets would be at risk should
BitGo fall.
However, BitGo CEO Mike Beishe assured that there was "nothingto fear" because the company "removes single points of failure" in its multi-
signature key system and ensures customers that "they are always in control of
their own assets no matter the circumstances". A digital code generated by key
encryption that is attached to an electronically transmitted document to verify
its contents and the sender’s identity. On 12 Nov, China’s Digital Currency
Research Institute mentioned that the country's proposed new stablecoin project
should achieve a balance between safeguarding privacy and regulatory
enforcement.
The Chicago Mercantile Exchange (CME) Group has declared thelaunch date of options on Bitcoin (BTC) futures to be 13 January, 2020.
Exchange Huobi Group's regulator-facing public blockchain, Huobi Chain, has gone
open source and is now publicly available to all GitHub developers.
TBA -Justin Sun's lunch with Warren Buffett "How much do you agree with this
statement: "I'm really digging the CoinMarketCap 'The Capital' conference.""
The average vote was 7. 40.9% of y'all voted a '10'. Don't procrastinate!
Unsubscribe - Unsubscribe Preferences
