Hello all!
It’s been a crazy week in Atlanta. Luckily, Hurricane Dorian has not affected too much around here. Well wishes to all affected, especially the Bahamas. Please visit Binance Hurricane Relief fund to contribute to the recovery efforts.
Now for Crypto news!
I’ve come across some interesting news regarding Atlanta’s blockchain industry.
Bakkt, an Atlanta based fully-regulated crypto currency exchange and custody has reaffirmed that it is on track to launch September 23rd.
Bakkt’s platform, brainchild of the owners of the New York Stock Exchange and the Intercontinental Exchange (ICE), seeks to make investing in Bitcoin more accessible to institutional investors. Bakkt has already launched Bitcoin deposit and withdrawal support for their clients. Which makes a timely launch of physically-settled Bitcoin futures on September 23 all the more likely.
What makes Bakkt more interesting is the fact that its futures are settled with delivery of Bitcoin, not cash. This means that buyers will receive actual Bitcoin at the end of a contract rather than the fiat-equivalent value. If popular, this may have an impact on price.
Check out the full article here. And feel free to comment below!
-ABC