ICE Officially Confirms Dec. 9 Launch of Cash-Settled Bitcoin Futures

The Intercontinental Exchange (ICE)’s Bakkt platform has officially confirmed its forthcoming launch of a cash-settled Bitcoin (BTC) futures contract. In a news release published Nov. 22, ICE — the operator of 23 leading global exchanges, including the New York Stock Exchange — revealed that the contract will be listed on ICE Futures Singapore as of Dec. 9. Rule changes open to review until Nov. 29 During the Invest: NYC conference earlier this month, Bakkt COO Adam White had been the first to publicly reveal Bakkt had its sights on a…

Google’s Latest Stadia Policy Won’t Help Platform’s Miserable Launch

Google Stadia reveals latest policy. Discounted games bought via Stadia Pro won’t be accessible once the subscription expires. Platform’s launch goes from bad to worse. Update: Another day, another new chapter in the ongoing Google Stadia dumpster fire. Google has revealed that players who purchase discounted games while subscribed to Stadia Pro will no longer have access to them when the $10 a month subscription expires. No Access To Discounted Games Once Stadia Pro Expires Source: Twitter The news surfaced in a tweet authored in Italian on the official Stadia…

China Digital Currency Launch ‘Definitely’ in 6-12 Months — Investor

China will “definitely” deploy its new digital currency within the next six months to a year, a local blockchain investor has said. Speaking to CNBC on Nov. 20, Edith Cheung, partner at blockchain-focused venture capital fund Proof of Capital, appeared convinced about the digital currency’s imminent arrival. Cheung: rollout could come in May 2020 “I think definitely within the next six to twelve months,” she told the network about a launch time frame.  China has revealed it has been developing the virtual yuan for several years, but senior government officials…

Tassat and Blockfills Launch Trade at Settlement Product for Bitcoin

New York-based fintech provider Tassat is partnering with digital asset market maker Blockfills to launch an institutional Trade at Settlement (TAS) product for spot Bitcoin (XBT/USD). According to a Nov. 18 report by Hedgeweek, Blockfills — which specializes in digital asset electronic market making, trading and prime brokerage — will join forces with Tassat, formerly known as trueDigital to launch the product by mid-December. New products for crypto traders to hedge risk TAS is a specific type of electronic order book that enables buyers and sellers to trade at —…

Libra Testnet Surpasses 50,000 Transactions Since September Launch

The Libra testnet has logged over 51,000 transactions since it was reset in September, with 34 projects having been developed on the network according to an update released by The Libra Association last week. In a blog post titled “Five months and growing strong: the Libra project,” the project’s lead developer, Michael Engle, said, “It’s been just five months since we announced the Libra project on June 18, 2019, and nearly a month since the Association charter was signed by its members in Geneva. We’ve been working diligently to build the…

ConsenSys Strategy Chief Steps Down to Launch Venture Fund

ConsenSys chief strategy officer Sam Cassatt is stepping down to launch a new venture fund, Aligned Capital, with the backing of ConsenSys founder Joe Lubin. ConsenSys said Cassatt will stay on with the ethereum venture studio in an advisory capacity. Speaking Friday at San Francisco’s TransTech Conference, Cassatt said his fund is seeking to raise $50 million for its first round. Aligned will focus on emerging technologies including artificial intelligence, healthcare, cryptocurrency and blockchain, according to a statement from Cassatt. In a blog post published Friday, Cassatt said the fund…

Bitfinex Looks to Launch Options Trading As Soon As Q1 2020

According to an executive, cryptocurrency exchange Bitfinex is planning to launch options and a gold-backed stablecoin, among a host of new products. New range of products In a Nov. 12 appearance on the Scoop, Paolo Ardoino, CTO of Bitfinex and Tether, told the Block that Bitfinex is considering launching options trading, while also taking a closer look at prospects for a gold-backed stablecoin, dubbed Tether Gold. Although Ardoino didn’t reveal any additional details about Tether Gold, he did reveal that the company is currently eyeing a Q1 2020 launch of…