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Bakkt Holdings Set to Go Public on New York Stock Exchange

Crypto asset custodial and trading platform Bakkt will be listed for trading on the New York Stock Exchange under the ticker BKKT from Oct 18, 2021. The company is owned by International Exchange Incorporated, which owns the NYSE. Sponsored Sponsored Bakkt Holdings has a current valuation in excess of $2 billion. Coinbase, a competitor to Bakkt, was also listed on the NASDAQ in its own IPO in April of this year.  The company first announced in January that it was making plans to go public, and is now ready to

Analysts Fear an Ethereum Drop to $300 As Price Becomes “Heavy”

Ethereum has begun to drop over the past 24 hours as the asset was once again rejected at $400. $400 is a psychological and technical resistance for the leading cryptocurrency, which is still up 50% in the past two weeks. Analysts believe that the recent price weakness could be a precursor to a stronger retracement in the days ahead. One commentator is predicting a drop to $300. This purportedly lines up with important technical levels on Ethereum’s medium-term chart. Investors in ETH should watch Bitcoin and other markets for some

InstaDapp Guide: Bridge to All DeFi Platforms

One of the drawbacks of decentralized finance (DeFi) protocols today is that you need different platforms to perform specific functions instead of having them all in one place. And that’s the problem that Instadapp is trying to solve. Instadapp is a DeFi platform that provides users and developers with a single point of integration to access all the DeFi protocols. As we are in the early days of the decentralized web, Instadapp aims to be a window into multiple DeFi services — tools that make transactions of crypto assets easier.

Why This DeFi Exchange is a One Way Ticket for Ethereum’s ERC-20 Tokens?

advertisement Uniswap is a decentralized exchange with a unique mechanism for trading ERC-20 tokens on its platform. Apparently, its the perfect platform for pumping tokens. CryptoGainz, prominent crypto trader tweeted, Advertisement there’s no orderbook to scare buyers or induce selling, only a bullish narrative and sell side liquidity crisisUniswap evaluates the price of a token based on the balance of Ethereum and of the token. On a successful trade or exchange, the value is added in accordance with the Ethereum swapped for the token. Hence, there are no order books

Binance Research Finds Bitcoin Correlated to Stocks — But Not For Long

In a new report Binance Research found a ‘moderate’ positive correlation between Bitcoin and US equities during the first quarter of 2020 — but neither was correlated to gold.Bitcoin was down 10% over the quarter but still outperformed the S&P 500 which experienced a 19% drop. According to the report, the correlation was fairly high at 0.57, as shown through similar patterns in daily business day returns.Gold and long-term treasuries showed no relationship to other markets as they rose by 8% and 23% respectively.The good news for hodlers is that