The top news in the last 24 hours are shown below:
Intercontinental Exchange Will Launch Bakkt Later in 2019
Jeff Sprecher, the CEO of Intercontinental Exchange (ICE) announced that they would launch Bakkt later 2019. The company has now created Bakkt. A platform designed to enable consumers and institutions to buy, sell, store and spend digital assets seamlessly. They formed it with the purpose of bringing trust, efficiency and commerce to digital assets. It seeks to develop open technology to connect the existing market and merchant infrastructure to the blockchain.
Heavy Borrowers and the Near-Failed States Likely to Drive Hyperbitcoinization
A CIA World Factbook entry listing nations’ current account balances shows that big economies and near-failed states share something in common – massive debt. This liability is making them strong cases for hyperbitcoinization, which could be exacerbated by an anticipated global economic slowdown.
Brazilian Crypto Exchange Wins Legal Battle Over Closed Bank Account
A court in Rio de Janeiro has ruled in favour of Brazilian crypto exchange Mercado Bitcoin in a case over the closure of one of its checking accounts. The judicial instance turned down an appeal filed by Banco Sicoob against a decision by the district court in Barra da Tijuca which granted the exchange the right to keep its account open.
Union Bank of the Philippines Launching Cryptocurrency ATM
One of the largest banks in the Philippines is reportedly launching a two-way cryptocurrency ATM that complies with Bangko Sentral ng Pilipinas’ specifications. In the Philippines, the central bank regulates cryptocurrencies “when used for delivery of financial services, particularly, for payments and remittances.”