Bakkt Scorned as Cash-Settled Bitcoin Futures Launch in Singapore

It appears that the digital currency community has very much fallen out of love with the Bakkt platform. Prior to its launch, the ICE-backed Bitcoin futures platform was heralded as one of the most positive development for digital currency. However, less than three months later, as the platform is busy launching more Bitcoin derivatives, people have started calling Bakkt out as a potential tool for Bitcoin price suppression. The realisation that almost all the futures contracts traded at the exchange are not settled in real Bitcoin seems to have turned…

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China’s Central Bank to Lead Real-World Pilot of Digital Yuan: Report

China is at last planning to conduct the first real-world test of its central bank digital currency (CBDC), fresh reports claim.  According to local news outlet Caijing on Dec. 9, the initial pilot for the CBDC is set for the city of Shenzhen before the end of 2019, and may possibly include the city of Suzhou.  Banks in a digital currency “horse race”  Under the auspices of China’s central bank, the People’s Bank of China (PBoC), four major banks and major economic participants such as China Telecom will test digital…

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