Highlighting what went right, and what went wrong, in this week’s crypto news analysis.
The biggest late-breaking news last week was that NYSE parent company Intercontinental Exchange will be releasing a new exchange for bitcoin futures called Bkkt, with support from major retailers such as Starbucks. Though it’s worth pointing out, Starbucks was quick to reiterate they have no plans to start accepting BTC as a form of payment any time soon. Despite the scale of this news, the market did not take long to resume a downward trend, which continued for the balance of the week.
Other big stories this week centred around investment into new products and projects, as well as some big scams that have been revealed.
For the team at Copper, we have been hard at work fine-tuning the beta releases of Copper Unlimited, our secure offline custody application, and the Copper Platform for buying/selling. The feedback we’ve been getting from clients is very positive and we look forward to releasing some big news next week.
Aimed at institutional investors, it will provide
one-day physical delivery of BTC contracts
Microsoft and Starbucks are said to be lead investors in the platform
$500mn investment into Texas site for a new bitmain mining facility is expected to create 400 local jobs
A recent valuation of Bitmain at $12bn fuels speculation that an IPO is on the horizon
Over 15,000 bots were discovered on Twitter, many spoofing legitimate accounts
They were spreading fake crypto giveaways in a complex network that remains an ongoing problem
Goldman says Bitcoin is
discovered in Thailand
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