Bakkt Progress report: Board of Directors unveiled

Posted 01 April, 2019

ICE's trading platform Bakkt released a report about its progress towards the launch of the project. The company unveiled that list of the Board of Directors as part of the business infrastructure development.

In the blog post "Progress Report" released lately, the company representative unveiled the names of the people which will join the Board. Specifically, the chairman will be Tom Noonan (a cyber expert and founder of numerous cybersecurity companies), Jeff Sprecher (the Founder, Chairman and CEO of ICE and Chairman of the NYSE), Akshay Naheta (Managing Partner at Softbank) and Sean Collins (Managing Partner at Goldfinch Partners).

CEO of Bakkt Kelly Loeffler commented that they are closely cooperating with the US Commodity Futures Trading Commission targeting greenlight for the launch of physically delivered bitcoin futures. However, there is no information regarding the date when the new platform may go live, with only statements about good progress achieved on this matter.

"Security, infrastructure and regulatory clarity are cornerstones for building trust, and ultimately to help this technology serve people around the world," highlighted Kelly Loeffler.

Along with the Board of Directors, it was also noted in the post that Bakkt is working on its own custody solution that will be designed to bring new standards of digital asset security to the market. The company is expected to provide more details about this project in the near term.

As it was reported earlier, Bakkt successfully closed the Series A funding with investments reaching $182 million in early January. 

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01 April, 2019 15:30

← Bithumb faces new hack: about 3 million EOS lost

One of the leading Korean exchange – Bithumb – reportedly suspended deposit/withdrawal services over the past weekend. The reason behind this move was abnormal crypto withdrawals detected by the monitoring system at the platform.  All funds at the platform (Bithumb's and members') were transferred to a cold wallet once the exchange detected the hack. More details about the restart of the services at the platform are said to be revealed separately.

Bithumb faces new hack: about 3 million EOS lost

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01 April, 2019 12:29

Oil starts first week of April with higher prices →

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