With the Tether news and Bakkt launch delay, it seems indicitative that the sell-off that started on Nov 18th appears to be inside trading.

So, basically business as usual.

I still don't buy that we lost 1k (20%) in total asset value because of a shitcoin hash-war. The more bcash suffers, the more likely that miners are going to abandon the shit show clown car and hop over to bitcoin to preserve ROI.

It seems much more readily apparent that the bigger fundamental news of Bakkt + DOJ Investigation into tethers is what caused this market spook.

Thoughts?

submitted by /u/Cryptolution
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Bitcoin – The Currency of the Internet

Bakkt Will Begin Trading Bitcoin Daily Futures Contracts Dec. 12

Bakkt Will Begin Trading Bitcoin Daily Futures Contracts Dec. 12

Bakkt has announced the date it will turn on the lights and begin utilizing the ICE exchange family of networks to trade Bitcoin futures contracts. The date is set as December 12, 2018.

Bakkt is considered by many (including its well-heeled investors: Fortress Investment Group, Eagle Seven, Galaxy Digital, Horizons Ventures, Alan Howard, Pantera Capital, Protocol Ventures, and Susquehanna International Group, LLP) as the flagship institutional organization pressing into the digital asset space.

Tier 1 global investment banks are either in current discussions with Bakkt to use their familiar exchange architecture or are watching the launch very, very closely.

A short reminder of what Bakkt is on the cusp of executing:

Bakkt is designed to enable consumers and institutions to seamlessly buy, sell, store and….

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submitted by /u/fraer8558
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Bitcoin – The Currency of the Internet