Intercontinental Exchange (ICE), the Atlanta-based firm that owns the New York Stock Exchange, announced Friday that it plans to launch a digital assets platform and a bitcoin futures product. Called Bakkt, the platform will leverage Microsoft’s cloud to build “an…
Tag: Capital Markets
Rejection Aside, Calls for a Bitcoin ETF Are Only Escalating
Karma is real. Just as the crypto community was – not so secretly – displaying its joy over Facebook’s historic stock loss, bitcoin’s price took a surprising drop below $8,000. A reaction to the news that bitcoin exchange-traded fund (ETF), one proposed…
Report: World’s Biggest Asset Manager BlackRock Exploring Bitcoin
Global investment management company BlackRock is reportedly mulling a move into bitcoin. According to a Financial News London report on Monday, the New York-based asset manager has now set up a working group to look into ways it can “take advantage” of cryptocurrencies and…
JD.com’s Finance Arm to Issue Asset-Backed Securities on a Blockchain
JD Finance, a subsidiary of Chinese e-commerce giant JD.com, announced on Wednesday that it is planning to issue asset-backed securities (ABSs) on a blockchain. According to a report from the Securities Times, an outlet of the China Securities Regulatory Commission, JD Finance…
Sberbank Buys Commercial Bonds Issued Over Blockchain Platform
Russian bank Sberbank CIB and telecoms firm MTS have conducted what they say is the country’s first commercial bond transaction made using blockchain. MTS announced Tuesday that it had placed commercial bonds of 750 million rubles ($12.11 million), with the…
Ethereum Futures Go Live on UK Trading Platform
Digital asset trading service Crypto Facilities is launching ethereum futures contracts. Announced Friday, the U.K. startup claims the news marks the first time futures for ether – the cryptocurrency that powers the ethereum blockchain – will be traded on a regulated platform.…
ICE CEO Won’t ‘Rule Out’ Crypto Futures Launch
The Intercontinental Exchange (ICE) won’t “rule out” cryptocurrency-based futures contracts. ICE chief executive Jeffrey Sprecher discussed the issue in an interview with Bloomberg TV Monday, saying it is “early days” for the asset class, but that he could not ignore…
Report: 9 Cryptocurrency Hedge Funds Have Closed in 2018
At least nine cryptocurrency-focused hedge funds were shuttered in the first three months of 2018, Bloomberg reported Monday. The closures include the Crowd Crypto Fund and Alpha Protocol, the news service reported. While Crowd Crypto Fund shut down all of…
TD Bank Considers Public Blockchain for Asset Tracking
One of Canada’s largest banks may be considering the use of a public blockchain to digitally track assets. In a patent application published Thursday, TD Bank outlined how it could use a public distributed ledger to help point-of-sale computers track…