$PAC to release desktop Electrum wallet

$PAC is in active development of the desktop Electrum wallet and is set to release it on April 1
24 March 2018   599

$PAC reported that the development of the Electrum wallet is coming along nicely and expects the release according to the initial schedule outlined in the whitepaper - April 1. The desktop wallet currently is a working prototype and the efforts of the team are focused on various elements of user interface to make it as user friendly as possible. As for the next step for the wallet, it would be the transfer to AWS to make it scalable.

The wallet doesn't download the blockchain using a remote server instead; it can be recovered from a secret seed; the same wallet can be used on different computers with auto-synchronization; and seed or private keys are not sent to the server - verification is performed using SPV. Another interesting feature that is characteristic to $PAC Network on general is a proposal system: proposals allow the $PAC community to vote on community projects if they deem the project is beneficial to the community.

At the moment of the publication the market indicators of PACcoin are as follows:

Average price: $0.007793
Volume (24h): $182,439

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.