Crypto Firm Bakkt Reportedly Runs Low on Cash
According to Bakkt, all hope is not lost though. The firm has put forward a new plan that it believes will set it right back on the path to success.
According to Bakkt, all hope is not lost though. The firm has put forward a new plan that it believes will set it right back on the path to success.
Prices of oil in the US hit a 10-month high as oil shortages are expected until the end of the year following Russia and Saudi output cuts.
Crypto exchange Coinbase has agreed to sell geo-tracking data to Immigrations and Customs Enforcement (ICE).
Black Knight’s Chairman and CEO said the company shares the same vision and commitment with ICE.
Amid heavy sanctions put by the US, the stock markets are weighing possible options and regulatory information to stop trading of Russia-based businesses.
tZERO is fully regulated with the Securities and Exchange Commission (SEC) and acts as a broker-dealer in the digital asset space.
Bakkt recently said it wanted to expand the usage and recognition of digital assets – including central bank digital currencies and NFTs.
Users of the Bakkt crypto debit card can spend their Bitcoin at several online and offline merchant locations where Google Pay and Apple Pay are accepted. This is a step closer to bring crypto for daily spending.
The decision by ICE to offload its stake was strategic and came at a time when Coinbase reported Q1 revenue of $1.8 billion amid the ongoing crypto market boom.
With almost 3 times the revenue predicted by market analyst DA Davidson, Coinbase is likely heading for a bumper listing next week. Da Davidson pegs COIN stock price to $400+ per share.