Bitcoin Based Stablecoin to be Launched

As stated, WBTC Token is designed to provide greater liquidity in the Ethereum ecosystem
31 January 2019   701

A new ERC-20 standard token called Wrapped Bitcoin (WBTC) has been launched on the Ethereum blockchain. This is a stablecoin, which is claimed to be fully endowed with bitcoin.

The launch of the project was attended by such companies as Kyber Network, Republic Protocol and BitGo. In total, WBTC has 26 partners and 15 decentralized autonomous organizations (DAO).

The WBTC Token is designed to provide greater liquidity in the Ethereum ecosystem, including decentralized exchanges and financial applications. It is expected that it will have many different applications - payments, flexible smart contacts.

WBTC uses atomic swap technology to conduct cryptocurrency transactions.  Full lists of certified merchants and decentralized financial applications that supported the project include: Dolomite, Dharma, Idex, Radar Relay, Blockfolio, SwitcheoNetwork, BZX, Ethfinex, dY / dX, imToken, CoinGecko, AirSwap, Compound, DDEX, Hydro, Gnosis, Pose, CoinGecko, AirSwap, Compound, DDEX, Hydro, Gnosis, Pose, CoinGecko, AirSwap, Compound, DDEX, Hydro, Gnosis, Pose, CoinGecko, AirSwap, Compound, DDEX, Hydro, Gnosis, PineGecko , Loopring Protocol, MakerDAO, OmiseGO, Prycto, Ren, Set Protocol, The Ocean, Kyber Network and BitGo.

Bakkt to Unveil Bitcoin Futures Test Date

Along with date announcement, COO Bakkt believes the platform will attract institutional investors and set new standards for the cryptocurrency market
14 June 2019   249

The Bakkt cryptocurrency platform has named the exact start date for testing Bitcoin futures. The first users will be allowed to test the tool on July 22.

According to Bakkt's Operations Director, Adam White, the platform will attract institutional investors and set new standards for the cryptocurrency market.

White pointed out that the wider distribution of cryptocurrencies, in particular, is hampered by unreliable pricing mechanisms and the likelihood of instantly falling rates.

Along with these problem-solving solutions that are new to digital asset markets, Bakkt also brings all the other features that institutions would expect in a versatile and broadly accessible market, including: block trades; a fee holiday through the end of the year to encourage trading; market maker incentive programs to encourage liquid markets; and integrations with ISVs and regulated brokerage platforms.
 

Adam White

COO, Bakkt

At Bakkt, two futures contracts will be presented - with daily and monthly settlements. Risk management and the securing mechanism for these contracts will meet the standards of the traditional derivatives market.