Bitcoin Platinum: Scam created by a Korean student

The anticipated Bitcoin hard fork Bitcoin Platinum turned out to be a Scam created by a South Korean teenager in order to manipulate Bitcoin prices
11 December 2017   3430

Bitcoin Platinum under the codename BTCPLT was planned to be a fork of the Bitcoin blockchain that should have occurred at block height 498,533 on December 12 of 2017. 

JoongAng, a South Korean daily newspaper published in Seoul and the most popular South Korean mainstream media resource, reported that Bitcoin Platinum case was investigated and it turned out to be a scam developed by a teenager from South Korea.

At the moment of press, these are main market parameters of Bitcoin:

  • Average price: $16 620.20 
  • Marketcap: $278 124 088 820
  • 24h volume: $13 156 000 000

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   236

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.