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Bakkt launches regulated BTC options

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Your daily newsletter for 10 December, 2019

β€œWho 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 πŸ»


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. πŸ‘€

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! πŸ˜† 

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 πŸ‘

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." πŸ“

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 πŸ‘‹

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 β€œplaced 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 πŸ“°

  • 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. πŸ’Ή

  • 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. πŸ‡±πŸ‡Ή

  • 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. πŸ‡¨πŸ‡³

Blockchain term of the day πŸ€“ - Shilling


The act of enthusiastically promoting.

Crypto calendar  πŸ“…

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. β€“ Damn straight it is. Hope you’ve got some in yo bag! πŸ’°

It's just not my thing. β€“ Nooooo, why not! πŸ˜’

i am looking forward to it.. it will improve the present chain & hopefully bring more adoption. β€“ It’s gonna encourage more enterprise solutions too. πŸ˜

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

It will be absolutely fantastic if I can stake my coins. β€“ Estimated 2-6% returns. Just make sure you have minimally 32 ETH! πŸ˜‹

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

If it is an improvement, it will help all crypto. β€“ No doubt.

Fword centralized crypto. β€“ Lol ETH is like the least decentralized out of all the protocol coins out there. πŸ§

How can you not be excited about the #2 crypto upgrades? β€“ Istanbul just completed. One step at a time πŸ₯‚

ETH gotta scale. β€“ A lot riding on them. All eyes on them. πŸ‘€

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

I could be a catalyst for growth to the whole market. β€“ Possibly! Looks promising from what Vitalik has been shilling. πŸ™πŸ»

itΒ΄s been a long time coming β€“ Which begs the question: When 2.0?

Safer, faster, more efficient β€“ And more privacy! πŸ‘

I don't own any β€“ Time to get some (:

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

See you again tomorrow!

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