The Prime Minister of South Korea thinks Bitcoin is harmful for kids

Korean Prime Minister recently talked against cryptocurrencies saying they lead young people to get into criminal schemes and financial pyramids
28 November 2017   1259

Teenagers’ interest on Bitcoin and other digital currencies was discussed at country’s meeting cabinet.

Prime Minister Lee Nak-yon said students deals with cryptomarkets to get easy money, than it turns out they get involved in fraudulent crimes.

He says that if things continue, some pathological phenomena could appear. He also added that South Korea cryptocurrency exchange volumes transcend the small-cap Kosdaq index, which market price has already achieved 275 trillion won or $252 billion.

Bakkt to Unveil Bitcoin Futures Test Date

Along with date announcement, COO Bakkt believes the platform will attract institutional investors and set new standards for the cryptocurrency market
14 June 2019   199

The Bakkt cryptocurrency platform has named the exact start date for testing Bitcoin futures. The first users will be allowed to test the tool on July 22.

According to Bakkt's Operations Director, Adam White, the platform will attract institutional investors and set new standards for the cryptocurrency market.

White pointed out that the wider distribution of cryptocurrencies, in particular, is hampered by unreliable pricing mechanisms and the likelihood of instantly falling rates.

Along with these problem-solving solutions that are new to digital asset markets, Bakkt also brings all the other features that institutions would expect in a versatile and broadly accessible market, including: block trades; a fee holiday through the end of the year to encourage trading; market maker incentive programs to encourage liquid markets; and integrations with ISVs and regulated brokerage platforms.

Adam White

COO, Bakkt

At Bakkt, two futures contracts will be presented - with daily and monthly settlements. Risk management and the securing mechanism for these contracts will meet the standards of the traditional derivatives market.