Coinnest and Waltonchain to develop blockchain technologies

Chinese platform Waltonchain announced a strategic investment in Coinnest aiming to boost the development of blockchain industry
10 January 2018   849

Coinnest, a growing cryptocurrency exchange based in Korea, has announced its partnership with Waltonchain platform, which is aimimg to establish and gradually incorporate retail, logistics and product manufacturing, and to achieve the full coverage of business ecosystem.

Waltonchain announced that it has reached an agreement on cooperation with Coinnest and will make a strategic investment in Coinnest. The aim of the cooperation is to develop blockchain-related technologies and promote the development of blockchain industry as well as Waltonchain business in Korea.

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

  • Average Price: $18,68
  • Market Cap: $465 182 619 
  • 24h Volume: $59 382 300

Bakkt to be Launched in December

It is also reported that Goldman Sachs does not plan to create custodial cryptocurrency solutions based on the Bakkt infrastructure
19 October 2018   95

The expected launch of the Bakkt will take place on December 12 of this year. It is reported by The Block, citing informed sources.

Also, the material states that the investment bank Goldman Sachs does not plan to create custodial cryptocurrency solutions based on the Bakkt infrastructure. At the same time, the bank is considering the possibility of trading futures on a new platform.

In a recent Fortune interview with Bakkt, Kelly Lofler said that the cryptocurrency market is on the verge of a revolution comparable in size to the one that occurred on the energy market in the early 2000s.

Greater institutional participation in the digital asset markets requires secure and regulated custody solutions. We are impressed by BitGo’s product, unique services, and the management team. We view our investment in BitGo as an exciting opportunity to contribute to the evolution of this critical market infrastructure.
 

Rana Yared

Managing director, Goldman Sachs’ Principal Strategic Investments group

Bakkt is a cryptocurrency unit of the Intercontinental Exchange (ICE), which is the operator of the New York Stock Exchange. Giants such as Microsoft and Starbucks are taking part in creating of the new project, which is positioned as an “ecosystem for digital assets”.

The new platform will offer deliverable bitcoin futures to the market (unlike the settlement contracts for CBOE and CME, these are based on the underlying asset). The platform will support multiple fiat currencies.