Cryptocurrencies Mixed as Intercontinental Exchange Develops Crypto Ecosystem
Aug 03, 2018
Start Your Free Trial Today
Movers By 24 Hour Price Change %
Movers By 24 Hour Volume
- Intercontinental Exchange (ICE), operator of the New York Stock Exchange (NYSE) and 22 others, will develop a Microsoft cloud-based digital asset ecosystem. ICE is creating a new company for this, called Bakkt, which will work closely with companies including Starbucks and BCG. The ecosystem is planned to be a one-stop-shop for all consumers, from retail to institutional, to buy, hold, sell, and spend cryptocurrencies on a communal network. ICE will also launch physically-delivered BTC futures contracts.
- The SEC is cracking down on cryptocurrency-related crimes. The Department of Justice (DOJ) sentenced Thomas Mario Costanzo, also known as Morpheus Titania, to 41 months in prison for money laundering with Bitcoin (BTC). Costanzo took over $164,000 from undercover agents for drugs, and converted it to BTC in an attempt to cover his tracks. The DOJ also seized ~81BTC worth around $600,000.
- Coinbase Commerce, Coinbase’s non-custodial merchant payment service, has launched a product integrating with e-commerce company WooCommerce. WooCommercie is currently used by between 21% and 28% of all web stores, and affiliated stores will now accept cryptocurrency payments from Coinbase Commerce users.
- A Dutch news outlet has reported that the Dutch Central Bank (DCB) does not believe cryptocurrencies to be “real money”, but also will not be banning them any time soon like other countries. Petra Hielkema, divisional director of the DCB claims that it is too volatile to be considered money. He also stated that the bank has been working with blockchain technology for the past three years, and has already developed four projects to integrate it with their payments systems.