Bitcoin 

Bitcoin is Getting Bakkt | ICE Forms Company to Bring Bitcoin Mainstream

Announced this morning is some pretty major news that Bitcoin bulls have been waiting for: Intercontinental Exchange (ICE)—the trading giant that owns the New York Stock Exchange—has a goal of breaking Bitcoin into mainstream currency and it plans to do this by forming a new company called Bakkt.  Bakkt is soon to be launched by Wall Street’s major player, but it also joins forces with some of America’s biggest companies, including Microsoft and Starbucks.  What’s Going On? This morning ICE announced that its new company is expected to launch in…

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Cryptocurrency 

Blockchain Payment Company Veem Backed by Goldman Sachs

The blockchain payment company Veem just announced it has closed a $25 million funding round. The company closed its Series B funding round back in 2017. Veem states that Goldman Sachs and Google Ventures led the new funding round. Veem The latest round raised by the blockchain payment company Veem included a slew of new and existing investors. Silicon Valley Bank, Extol Capital, Trend Forward Capital, GV (formerly Google Ventures), Pantera Capital, and Kleiner Perkins contributed to the expansion of the company. Currently, small business owners have to deal with slow…

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Cryptocurrency 

Bitmain IPO | Filed and Pending; So What’s Next for the Mining Company?

Bitcoin mining firm Bitmain has just submitted its initial public offering (IPO) with the Stock Exchange in Hong Kong (HKEX). Bitmain is based in Beijing, China. So what’s going on with the Bitmain IPO? Bitmain IPO Bitmain’s long-awaited IPO is still in its draft form and pending further listing hearings from the HKEX. The announcement of Bitmain’s public offering isn’t without controversy though. Bitmain has been weighing an $18 billion IPO, one of the largest in history. Bitmain is one of the world’s most valuable cryptocurrency companies. Back in July, the…

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Bitcoin 

Goldman Sachs CFO States Company ISN’T Ditching Bitcoin Trading Desk

If you’ve been monitoring the cryptocurrency market on a daily or weekly basis, you probably noticed that the market took a big nosedive this week. This is mostly due to the rumor going around mainstream media about Goldman Sachs (NYSE:GS) putting a stop to its Bitcoin exchange desk—a rumor that the Goldman Sachs CFO put a stop to. The story originated from Business Insider. There are other speculations as to why the market dropped, but the overall consensus comes down to panic selling because the giant investment bank pulled its crypto…

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