HTMLCoin swap process comes to an end

On March 27 HTMLCoin finalizes the swap procedure of old HTML5Coin into HTMLCoin at a rate 3:1 and thus the migration to a new blockchain will be officially completed
21 March 2018   554

In full accordance with the swap schedule, March 27 marks the end of the swap procedure of the old HTML5Coin token into new HTMLCoin token. This final stage of the swap that lasted roughly 14 days is considered to be late stage and thus the rate is 3 (old) : 1 (new).

A special web form was prepared so that the users could fill it out and perform the swat themselves (therefore it was called 'Self-swap service'). The users can use this form for both the HTML5Coin wallet addresses and YoBIT exchange withdrawal code called 'Yobit code'. The HTMLCoin team warns that sometimes the YoBIT exchange withdrawal function may not work and recommends repeating the procedure later or contact HTMLCoin support for help with the withdrawal.

The actual swap are going to be handled on Saturday, March 31. The official end date of the swap procedure is set on March 28. This swap is due to the migration of HTMLCoin to a new blockchain with new features for freelancers and segregated minorities (e-learning programs, job hunting and connections, freelance mobile app). These rich features all aim to empower freelancers and vulnerable communities to new bold opportunities, learn new skills and apply them immediately. Freelancers-Business platform is set to connect companies and freelancers to help adopt these innovative concept.

As of the moment of publication, the HTMLCoin market indicators are as follows:

Average price: $0.000541

Market cap: $35,579,234

Volume (24h): $70,079

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   53

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.