The Truth About Bakkt, Plus Bitcoin, Ripple and XRP, Tron, Stellar, Ethereum, Litecoin: Crypto News Alert

 

Bakkt and Bitcoin

In a new interview with CNBC’s Crypto Trader, billionaire Bitcoin bull Tim Draper says he expects the launch of Bakkt to boost the price of Bitcoin.

Formed by Intercontinental Exchange, the parent company of the New York Stock Exchange, Bakkt is set to launch its daily futures contract for Bitcoin on December 12th, pending regulatory approval.

The overall goal of Bakkt is to create a fully regulated operation that will “enable consumers and institutions to buy, sell, store and spend digital assets on a seamless global network” and will include warehousing along with merchant and consumer applications.

But how does Bakkt really work, and does it stay true to the original vision of Bitcoin’s anonymous creator? Early this month, YouTube channel Ready Set Crypto published a comprehensive video analyzing how Bakkt really operates behind the scenes.

Ethereum

The latest ConsenSys-sponsored Week in Ethereum blog post is out.

This week’s edition covers new protocol updates, developer interview, and news on a number of Ethereum-based platforms including Golem, Mysterium and Status.

Ripple and XRP

A new member of RippleNet has emerged.

According to the Czech media outlet Lupa.cz, the fintech startup Amore Finance just joined Ripple’s network of financial institutions and payment providers. Amore Finance is “focused on providing banking services and, through its participation in RippleNet, wants its clients to offer fast and cheap international payments.”

Meanwhile, the India-based peer-to-peer crypto exchange Coindcx says it has added XRP to its list of more than 40 cryptocurrencies.

Announcement: ⚡ $XRP/INR and $ETH/INR now live for trade! 😍 https://t.co/gmJ9z2oo3y#inrorderbook #keeptrading #cryptotrade #cryptocurrency

— CoinDCX: Crypto Exchange (@coindcx) October 23, 2018

Stellar

Adam Ludwin, the co-founder of Stellar’s new initiative called Interstellar, is sharing his vision of how all kinds of assets can be tokenized. Ludwin spoke at the recent Money20/20 conference in Las Vegas.

Interstellar’s primary focus is helping companies build infrastructure on top of the Stellar network.

Tron

TronWatch Market just released a demo of its upcoming decentralized exchange (DEX) that will allow users to trade from any TRON token (TRX10, TRX20) to TRX.

You can check out the demo here.

Litecoin

The Litecoin Foundation has released a new recap of its first annual Litecoin Summit in San Francisco.

Organizers say they’re already planning for next year’s event.

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