Bakkt
Bakkt CEO on Global Expansion Plans, Crypto Regulation Outlook
Crypto trading firm Bakkt reported second-quarter earnings results yesterday, posting a quarterly loss of $0.19 per share on revenue of nearly $348 million. Bakkt CEO Gavin Michael shares insights into Bakkt's business operations and expansion opportunities. Plus, Michael's take on global crypto regulation and the impact of the Ripple v. SEC case.
What Can You Do With a Blockchain Token That Is Classified as a Security?
Bakkt's Marc D’Annunzio said applying securities law to crypto would not "drastically impact" a token's use. But it could change who has access to these open source networks.
Bakkt Mass Delists Tokens Including Aave, Avalanche, Compound, Filecoin, MakerDAO and Uniswap
Intercontinental Exchange-owned Bakkt discontinued its consumer-facing app in February as it shifts away from retail
Bakkt to Suspend Consumer App After Two Years, Shifts Focus to B2B Tech Services
Digital asset platform Bakkt's announcement comes amid increased scrutiny from regulators over retail-based platforms in the interest of consumer protection. "The Hash" panel discusses the outlook for Bakkt as part of a larger shift away from retail towards institutional adoption.
Digital Asset Platform Bakkt to Discontinue Consumer App After Two Years
Users will be able to manage their assets over the web after March 16.
Digital Asset Platform Bakkt Agrees to Buy Apex Crypto for Up to $200M
The firm will pay $55 million in cash upon deal close, and $145 million in stock and seller notes upon achieving certain financial targets.
Crypto Exchange Coinbase Assigned Sell-Equivalent Stock Rating by Wells Fargo on Competition Risk
Wells Fargo rated Coinbase as underweight and said it will face headwinds in its path to sustaining profitability.
Former Coinbase VP Adam White Joins Blackstone as Crypto Investment Adviser
White begins at Blackstone in a part-time role working across the firm’s investment teams and with its portfolio companies.
Digital Asset Platform Bakkt's Q2 Loss Narrows to $27.6M; Year Revenue Forecast Range Cut
The company now sees 2022 revenue of $57 million to $62 million, down from $60 million to $80 million.
Bakkt Adds 2 Female Board Members to Bolster Diversity
The crypto industry is dominated by men; according to a LinkedIn analysis from 2018 to 2021, 70% of new crypto hires were men.
