🗞 Daily Crypto News, October, 25th 💰

Bakkt to Launch Options on Its Bitcoin Futures Dec. 9 ;
3 Ways Staking Will Upend the Economics of Ethereum ;
Galaxy Digital to Launch 2 New Bitcoin Funds in November ;
Lebanon Banks' Shutdown Is ‘Most Potent Case’ for Crypto: Nassim Taleb ;
Bitcoin Transferred a Giant $11 Trillion Since 2009, New Data Reveals ;
🗞 Daily Crypto News, October, 25th 💰
STEEM Trading Update

Welcome to the Daily Crypto News: A complete Press Review, Coin Calendar and Trading Analysis. Enjoy!

🗞 Bakkt to Launch Options on Its Bitcoin Futures Dec. 9

The Intercontinental Exchange (ICE) is launching bitcoin options contracts through its subsidiary Bakkt.

Bakkt announced Thursday that it would “launch the first regulated options contract for bitcoin futures,” adding a new product to its current slate of physically-settled bitcoin futures contracts. CEO Kelly Loeffler said in a Medium post that the contracts were built in response to customer feedback, and that ICE Futures US self-certified the contract through the U.S. Commodity Futures Trading Commission (CFTC).

“We’re committed to bringing trust and utility to digital assets and the options contract is an example of the many products we’re developing for regulated markets,” she wrote. “The Bakkt Bitcoin Options contract will be based on the benchmark Bakkt Monthly Bitcoin Futures contract and represents another important step in developing this asset class for institutional investors, their customers and investors.”

🗞3 Ways Staking Will Upend the Economics of Ethereum

The Takeaway

New analysis of the economic model behind ethereum 2.0 suggests validators can expect to earn 4.6–10.3 percent in annualized rewards at the start.

The hardware cost for running ethereum 2.0 validator software may increase as a result of a new design proposal by founder Vitalik Buterin.

Even so, the economic model of ethereum 2.0 maintains inflation rates below 1 percent and a dynamically adjusting rewards scale for validators.

🗞 Galaxy Digital to Launch 2 New Bitcoin Funds in November

Galaxy Digital Asset Management, a division of the merchant bank Galaxy Digital, is launching two bitcoin funds in November, according to a source with direct knowledge of the matter.

Headed by billionaire ex-hedge fund manager Michael Novogratz, Galaxy is offering the funds to give accredited investors low-fee, institutionally managed bitcoin exposure and will make a seed investment into both funds. Novogratz hinted that the funds were in the works on CNBC.

The Galaxy Bitcoin Fund will require a $25,000 minimum investment with optional quarterly redemptions. The Galaxy Institutional Bitcoin Fund will allow weekly withdrawals and require minimums higher than $25,000. Both funds will offer professional oversight of bitcoin storage, tax documentation, and client service support.

🗞 Lebanon Banks' Shutdown Is ‘Most Potent Case’ for Crypto: Nassim Taleb

Bitcoin (BTC) proponents are encouraging Lebanese citizens to swap fiat for crypto after it emerged the country’s banks would stay closed.

Banks to open “once normalcy restored”

In an ongoing Twitter debate which began on Oct. 24, commentators vented anger on behalf of Lebanon’s population, which has been without banking services for more than a week.

Following civil unrest, banks everywhere closed their doors. Six working days later, a senior banking executive said the status quo would continue until conditions improved.

“Once normalcy is restored, we are very confident that we can resume servicing our customers in full capacity,” Salim Sfeir, head of local lender Bank of Beirut, told Reuters on Thursday.

🗞 Bitcoin Transferred a Giant $11 Trillion Since 2009, New Data Reveals

Bitcoin (BTC) has transferred $11 trillion in wealth since its blockchain first went live in 2009, according to the fresh calculations.

Bitcoin “going strong” at $9.6 billion per day

Uploaded to social media by analyst PlanB on Oct. 24, the latest buoyant statistics for Bitcoin show the largest cryptocurrency is still beating out fiat competitors.

At present, the network is processing around $9.6 billion every day. At that rate, Bitcoin passes PayPal’s annual transaction volume — $578 billion for 2018 — in just two months.

🗞 Daily Crypto News, October, 25th 💰

Vexanium (VEX)

On Friday, 25 October 2019, Vexanium will blast a BP showcase to all of Vexanium channel and social media.

3DCoin (3DC)

3DCoin / ProjectDistricts AMA on Telegram from 9 PM - 11 PM (UTC +4).

Cardano (ADA)

"For our Dominican Republic #CardanoCommunity - The first #Cardano Meetup will be held on October 25th..."

Crypto.com Coin (CRO)

"Live AMA with our CEO @Kris_HK on @cryptocom's Twitter next Friday, 25 October, 11AM HKT."

Zilliqa (ZIL)

"The Moonlet Wallet team will be joining our 5th Dev Call this Friday at 11am EST on Discord. We'll discuss their vision of becoming..."

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