The impact of Bakkt’s Bitcoin futures remains to be determined. Despite the overall interest not being optimal, the company will expand its presence to Singapore. Many people still believe Bitcoin futures trading will be beneficial to the cryptocurrency industry. Bakkt Bitcoin Futures Come to Singapore Others see it as another way for the naysayers to drive the value per BTC down when they feel like it. Bakkt is one of …
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Many people wonder why the cryptocurrency boom of 2017 came to such an abrupt halt. The obvious reason would be because speculators came to their senses and cashed out. It now seems the Trump administration may be to blame for this unfortunate series of events. The futures products, which were designed to take cryptocurrency mainstream, may be the downfall of the industry.  The Collapse of 2017 and 2018 It was …
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Over the past few weeks, the mainstream media has tried to justify the extreme volatility of the cryptocurrency market, and specifically the price movements of bitcoin, by connecting them to news. This week, several media outlets reported that the price of bitcoin had fallen from $9,000 to $8,000 due to the ban imposed by Twitter on cryptocurrency-related advertisements. In a report, CNBC stated that the price of bitcoin had declined by 40 percent …
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