Caitlin Lengthy, who’s engaged on a ebook about Wall Avenue and crypto property and is the cofounder of the Wyoming Blockchain Coalition, discusses the importance of the creation of Bakkt, a brand new federally regulated marketplace for Bitcoin, by ICE, Microsoft, Starbucks and funding companies Fortress Funding Group, Eagle Seven, and Susquehanna Worldwide Group. She explains why she thinks the value of bitcoin did not leap after the information, what this transfer may imply for institutional gamers stepping into crypto and why it may result in systemic dangers. We additionally talk about some remarks by ICE founder, chairman and CEO Jeffrey Sprecher about how the enterprise would carry “transparency and belief” to crypto.
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Episode hyperlinks:
Caitlin’s articles on the announcement: https://www.forbes.com/websites/caitlinlong/2018/08/03/ice-creating-new-cryptocurrency-market-a-double-edged-sword/#50803d791015
Tweet from SEC commissioner Hester Peirce concerning touch upon crypto funds: https://twitter.com/HesterPeirce/standing/1027273379819204608
Bakkt press launch: https://www.businesswire.com/information/dwelling/20180803005236/en/Intercontinental-Change-Pronounces-Bakkt-World-Platform-Ecosystem
Fortune article on Bakkt: http://fortune.com/longform/nyse-owner-bitcoin-exchange-startup/
