Bitcoin price breaks new record: $4600

Bitcoin cryptocurrency price breaks new record reaching $4600 mark
29 August 2017   3224

It goes without saying that Bitcoin cryptocurrency is now trading at its highest level ever. Thus, some experts predict that it would even reach $20,000 within three years. 

Despite the fact that now the price is not that high, it is still quite impressive. Thus, on Tuesday, August 29th, the Bitcoin price skyrocketed confidently breaking the mark of $4,600 on a number of the cryptocurrency exchanges.

Bitcoin price chart Bitcoin price chart

At the time of writing, the Bitcoin rate on Bitstamp reached $4,649, and up to $4,643 on Bitfinex.

It's also worth mentioning, that there has been a significant price surge recently for plenty other cryptocurrencies, such as EthereumRipple’s XRP and Monero.

Bakkt to Release Consumer App This Year

The app can be used for a wide range of tasks, e.g., crypto and securities trading, virtual goods purchase, etc
23 January 2020   90

Institutional Investor Platform Bakkt will release an app for retail investors this year, with which users can pay with cryptocurrency.

According to the president of Bakkt Adam White at the World Economic Forum in Davos, the application can be used for a wide range of tasks. In addition to trading cryptocurrencies, it will support various virtual “goods” like points of loyalty programs.

In addition, in the future it is possible to add securities trading, as well as the creation of a portal for shops and merchants. That is, the application will be more like a traditional fintech product like PayPal than a solution from a cryptocurrency exchange.

Although the Bakkt platform was originally created for institutional investors, the new director of Mike Blandina is very serious about entering the retail market. Earlier, he said that the application for retail investors should be released in the first half of 2020.

I do not think we are there yet. What gives me optimism is that we are seeing a lot of developer interest. I am confident that someone is going to find something.

 

Adam White

President of Bakkt

 White added that the cryptocurrency market is still underdeveloped.