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Bakkt launches regulated BTC options

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Your daily newsletter for 10 December, 2019

“Who overcomes by force, hath overcome but half his foe.”

- John Milton

In today's newsletter, we will be covering:

  • Nayuta claiming its Android Lightning wallet is the first with a built-in Bitcoin full node
  • Bakkt launching 1st regulated BTC options as CEO enters US Senate 
  • Ledger X founders no longer running the company

Daily Market Summary - Bearish 🐻


Total Market Cap: ~$199.7 billion (~1.6%)                  BTC Price: ~$7,370 (~1.5%)

24-Hour Volume: ~$60.4 billion (~15.3%)                   BTC Dominance: ~66.8% (~0.15%)

Notable movers: Chainlink (LINK) (~9.7%)

BTC is currently trading at ~$7,370, down ~1.5% over yesterdayOn the daily chart, BTC is still trading below its 21-, 50- and 100-day EMA support lines, and failed to break through its 100-day EMA line yesterday. RSI is at ~40.5, indicative of moderate bearish momentum. 

BTC is still trading within its lower highs and lower lows trading pattern/ channel/ zone it has been trading within since late June this year. 👀

Total Market Capitalizations

Poll of the Day

How much do you agree with this statement: "I am so bored by the recent crypto market's low volatility."
Why or why not? Share with me in the polls! 😆 

First ☝️

Japan-based startup Nayuta has released the new Nayuta Android app, and claims it to be the first lightning network wallet with a built-in Bitcoin (BTC) "full node". ⚡

This new app enables users to tap into the new payment system either by using the baked-in BTC "full node" for additional security or by switching to a less secure "SPV" version (Neutrino) that takes up less space on the phone.

Nayuta says that it is the first developer to add a full node to its wallet, resulting in the sovereignty-preserving technology being easier to use.

Nayuta's mobile app developer, Christian Moss, explained that using a full node "is the only way to really know if you received Bitcoin."

Bakkt's 2 new launches 👏

The Intercontinental Exchange (ICE)'s digital asset platform, Bakkt, has launched the 1st regulated Bitcoin (BTC) options and cash-settled futures in the U.S., dubbed "Bakkt BTC (USD) Monthly Options" and Bakkt BTC (USD) Cash-Settled Futures. 

The news was announced in a blog post by Bakkt COO Adam White, which mentioned that Bakkt is using its physically-settled Bakkt BTC (USD) Monthly Futures as a "benchmark contract that provides the foundation for us [them] to develop complementary products based on the needs of our customers." 📝

The cash-settled futures product is a new contract that will first be made available on an approved exchange in Singapore, ICE Futures Singapore. This news follows Bakkt CEO Kelly Loeffler's recent appointment to a U.S. Senate seat. 

Ciao 👋

According to a recent press release, LedgerX's CEO and COO Paul and Juthica Chou, both founders of Ledger X, are no longer running the company and have been “placed on administrative leave”.
According to Juthica, they faced much difficulty because there is "nobody else on the board that knows computer science, bitcoin and derivatives – which makes these conflicts and disagreements often difficult.  Earlier this year, LedgerX failed in a bid to launch physically-settled bitcoin futures. Larry E. Thompson is now the interim CEO and lead director of Ledger Holdings.

Other news 📰

  • Malta-based exchange OKEx is adding cryptocurrency options to its current offerings of futures and spot trading on 12 Dec. Live trading will commence 27 Dec. 💹

  • The Lithuanian central bank, the Bank of Lithuania, announced that it will release a digital, blockchain-based collector coin dedicated to the Act of Independence of Lithuania in the spring 2020. 🇱🇹

  • China is finally planning to carry out the 1st real-world test of its central bank digital currency (CBDC), set to be before the end of 2019 in the city of Shenzhen. 🇨🇳

Blockchain term of the day 🤓 - Shilling


The act of enthusiastically promoting.

Crypto calendar  📅

TBA         - Justin Sun's lunch with Warren Buffett

What you said

"How much do you agree with this statement: "I am looking forward to ETH 2.0.""

The average vote was 7.1. 40% of y'all voted a '10'! 

"Why or why not?"


Usability is increased. Demand for ETH 2.0 is there. – Damn straight it is. Hope you’ve got some in yo bag! 💰

It's just not my thing. – Nooooo, why not! 😢

i am looking forward to it.. it will improve the present chain & hopefully bring more adoption. – It’s gonna encourage more enterprise solutions too. 😁

Still need to sell my bags bought at ATG - ):

It will be absolutely fantastic if I can stake my coins. – Estimated 2-6% returns. Just make sure you have minimally 32 ETH! 😋

I hope that I can stake my ethereum with ETH 2.0 – Remember that you’ll need 32 ETH to get a node!

If it is an improvement, it will help all crypto. – No doubt.

Fword centralized crypto. – Lol ETH is like the least decentralized out of all the protocol coins out there. 🧐

How can you not be excited about the #2 crypto upgrades? – Istanbul just completed. One step at a time 🥂

ETH gotta scale. – A lot riding on them. All eyes on them. 👀

There has been uncertainty for a long time - When is there ever certainty, in any industry? 😄

I could be a catalyst for growth to the whole market. – Possibly! Looks promising from what Vitalik has been shilling. 🙏🏻

it´s been a long time coming – Which begs the question: When 2.0?

Safer, faster, more efficient – And more privacy! 👍

I don't own any – Time to get some (:

Thank you all for reading! Catch you back here again tomorrow for your daily dose of crypto news! 💙

See you again tomorrow!

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