McAfee changes the "Coin of a day"

John McAfee's daily column met criticism from cryptocurrency community
27 December 2017   2421

Last week John McAfee in his Twitter opened the column "Coin of the Day", in which every day recommended a new crypto currency. The community met McAfee's initiative with criticism, because immediately after the placement of the tweet a large number of traders started buying up the "promoted" crypto currency, selling it in a few minutes or hours. Thus, their actions did not differ from the notorious scheme of market manipulation "pump-and-dump".

McAfee reacted to these reports and decided to change the rubric a little.

Critics argue that the recommendations of McAfee attract exclusively speculators and prevent long-term investors from assessing the potential of the crypto currency they promote.

John McAfee is known as the creator of the world's first commercial antivirus. After leaving the company  in 1994 the entrepreneur tried himself in various fields, including the development of mobile applications, alternative medicine and the crypto-currency market.

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   67

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.