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Bakkt platform will start testing bitcoin futures in June 2019



Bakkt's crypto platform CEO Kelly Loffler this Monday shared new information regarding the prospects of the company, organized by the owner of the New York Stock Exchange Intercontinental Exchange (ICE).

According to Löffler, her company “worked closely” with the Commodity Futures Trading Commission of the USA (CFTC) and intends to start testing Bitcoin futures contracts this summer.

"We will work with clients over the coming weeks to prepare for connecting users to testing futures and asset storage solutions, which starts in June, " she wrote.

We intend to use this testing to ensure that customers have enough time to connect and test the trading and storage models of the assets that we have developed to meet their needs. ”

Also today, ICE has published on its website two documents for the CFTC, which describe the principles of listing and certification of bitcoin futures.

Löffler explained in comments that Bakkt would list two Bitcoin (BTC) futures contracts: with daily and monthly settlements.

"As follows from the application sent today by ICE Futures US to the CFTC, bitcoin futures will be listed on a federal-regulated futures exchange in the coming months ," she added.

In addition, Bakkt will allocate $ 35 million from its own funds to cover the transactions that will pass through its clearing house:

“Thus, we ourselves take a risk in pursuing the interests of the integrity of the market and the protection of its participants.”

Bakkt will use “proven tools to identify abusive or sabotage trade practices, including laundering trading. This means that pricing for settlement will be based on the prices of our physical asset delivery contracts and will not rely on unregulated spot markets. ”

Additional information regarding the upcoming testing of bitcoin futures Loffler promised to disclose in future publications.

At the end of April, Bakkt's operations director, Edam White, confirmed that the company expects to obtain a license from a qualified asset custodian in New York.

As CoinDesk explains, the CFTC now has 10 days to evaluate Bakkt's futures contracts and mark objections, if any, before the company can officially launch its products.

Publication date 14.05.2019
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OKEx is going to launch futures on Tron on May 20,



OKEx Crypto Exchange announced the launch of futures contracts for Tron (TRX). A new financial product will appear on the trading platform already on May 20 at 10:00 Moscow time.

Justin Sun, CEO of the Tron Foundation, said that with the launch of the OKEx futures platform on the TRX, the number of transactions with a digital coin will reach 15 million per day. Note that on the eve of the network appeared information that the daily number of users of the platform of decentralized applications from Tron reached 100 thousand, exceeding the achievements of Ethereum and EOS.

The Tron project token currently occupies the 11th position in the cryptocurrency rating in terms of market capitalization. Recently, TRX was listed on the P2PB2B crypto exchange, and the number of smart contracts in the Tron-blockchain reached almost a thousand.

OKEx futures will be settled on a weekly, fortnightly, and quarterly basis. The maximum allowable shoulder size for this derivative is 20x. The new tool will combine data for the TRX / BTC pair, taking into account the performance of three crypto-exchanges – Binance, Huobi, OKEx.

TRX futures

By the way, this week the team Tron left Lucien Chen, technical director of the project. He explained his departure to the fact that TRX is no longer decentralized, now Chen is going to develop his own project, the Volume Network (VOL), which will strive to achieve the goals that were moved to the Tron Foundation.

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The Central Bank of Great Britain for the first time recognized the huge potential of Bitcoin



For the first time, a representative of the Central Bank of Great Britain commented positively on cryptocurrency and Bitcoin , in particular.

For a long time, the British financial regulator spoke extremely negatively about Bitcoin and doubted its reliability as a form of capital preservation.

For example, at the end of April, the Deputy Head of the Office for Markets and Financial Affairs of the Central Bank of the Kingdom, Dave Ramsden, reaffirmed the negative attitude of the regulator to the cryptosphere.

However, this week, the chief economist of the British Central Bank Andrew Haldane, during his speech to the students for the first time, acknowledged not only reliability, but also the gigantic prospects of Bitcoin. In his opinion, the largest cryptocurrency will be able to completely replace cash in the next 20-30 years.

Haldane said that he was following the development of the cryptocurrency industry and was aware of the existence of thousands of coins. Nevertheless, despite the fact that for the first time one of the influential employees of the British Central Bank noted the growing value of Bitcoin, the position of the regulator’s management is unlikely to change anytime soon, analysts say.

But it is quite possible that, following the chief economist, many other senior officials of the Central Bank will reconsider their position, and this will create conditions for the British Bitcoin regulator to be fully recognized as a reliable payment instrument.

Publication date 19/05/2019
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OKEx Exchange will launch TRON

OKEx cryptocurrency exchange announced the launch of TRON (TRX) cryptocurrency futures. TRON (TRX) futures trading will be available from 08:00 May 20, 2019 (CET, UTC + 1). Details as follows: https: // – OKEx (@OKEx) 17 May 2019 p. The new financial instrument will be available for trading on Monday, May 20. The following are the specifications of the TRON futures: […]



cryptocurrency futures

OKEx cryptocurrency exchange announced the launch of TRON (TRX) cryptocurrency futures.

The new financial instrument will be available for trading on Monday, May 20. The following are the TRON futures specifications:

Derivatives calculations will be made on a weekly, fortnightly and quarterly basis. The maximum possible shoulder size of this futures is 20x. The instrument will be based on data on the TRX / BTC currency pair from OKEx, Huobi and Binance exchanges.

OKEx also reported that more than 557 million OKB tokens were purchased and burned this week. Since the start of the program (May 4, 2019), more than 1 million native tokens of the exchange have been destroyed.

Recall the other day TRON support announced Opera browser.

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