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Bakkt Futures, McAfee, and Bitfinex Rules

06/14/2019
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  • Bakkt_bitcoin_futures
News list

The launch date of Bakkt bitcoin futures was announced; McAfee launched a platform for cryptocurrency. Bitfinex and Bittrex exchanges are tightening control over investors.

Bakkt Bitcoin Futures Testing Will Begin on July 22

Test sale of bitcoin futures will be launched on Bakkt platform on June 22. This day, the first buyers will be able to purchase a tool that is presented on ICE Futures U.S. market and served by ICE Clear US. The first reports on this contract’s launch were received in summer 2018. However, real trading will start nowadays due to previous difficulties with regulations compliance.

The contract details is still unknown. However, it was reported earlier that a day after futures buying, the corresponding number of bitcoins would be transferred to the client's cryptocurrency wallet. Adam White, Bakkt CEO, noted that the course instability is the main obstacle to the development of Bitcoin financial contracts. However, the platform did everything possible to cope with the negative consequences of this factor.

Bakkt Bitcoin Futures Testing Will Begin on July 22

McAfee Cryptocurrency Trading Platform

John McAfee, Computer Security Expert, launched a platform for cryptocurrencies trading. Moreover, clients' funds are not stored here; access to eight cryptocurrency exchanges is used to support operations on new Magic platform. That is, the user connects API of other platforms to his account, which allows him to make purchases.

Spot and protected trading will be available on McAfee Magic. Moreover, it is possible both in manual and automatic mode. In 2018, John McAfee was recognized as the most influential figure in the American cryptocurrency industry. Earlier this month, he announced that he would soon launch his own cryptocurrency, which was already named McAfee Freedom Coin.

McAfee Cryptocurrency Trading Platform

Bitfinex and Bittrex Tighten Verification Procedure

Two cryptocurrency platforms immediately announced new customer verification rules. Even those who have been working for Bitfinex and Bittrex for a long time have received the requirement to provide a scan of personal document and a photo with a document in hand. In addition, Bitfinex asked for an explanation of its goals and actions in trading.

The users will have to answer a few more personal questions at the platforms. For example, they will be required to disclose the level and source of their income. Otherwise, the exchange may block the account. These events are taking place against the background of the upcoming publication of FATF recommendations on the control over cryptocurrency turnover. On the day before, Bloomberg Publication conducted experts’ survey and found out that these innovations can deal a heavy blow to the industry.

Bitfinex and Bittrex Tighten Verification Procedure

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