Bakkt names Andy Main CEO amid financial turnaround efforts
Bakkt, a prominent cryptocurrency trading platform, has appointed Andy Main as its new President and CEO, effective March 26. This move comes as the current CEO, Gavin Michael, steps down to pursue new opportunities. Despite his departure, Michael will remain connected with Bakkt, serving as an advisor until March 2025 to ensure a smooth transition […]
NYSE warns Bakkt of potential delisting over low share price
The New York Stock Exchange (NYSE) has informed Bakkt, a cryptocurrency custody and trading platform, of a potential delisting due to its share price falling below the required minimum. According to a press release from Bakkt, the NYSE highlighted that the company’s average closing price of its Class A Common Stock was below $1.00 over […]
New York Stock Exchange (NYSE) proposes listing for 7RCC’s environmentally-conscious Bitcoin ETF
Crypto firm 7RCC has taken significant strides toward introducing an environmentally-conscious spot Bitcoin ETF in the United States. The New York Stock Exchange (NYSE) has notified the Securities and Exchange Commission (SEC) of its proposal to list and trade shares of the 7RCC spot Bitcoin and Carbon Credit Futures ETF. NYSE advances 7RCC’s eco Bitcoin […]
Bakkt finally debuts on stock exchange, slumps 6% after listing
TL;DR Breakdown Bakkt finally debut on NYSE. Fims stock plunges 6 percent first day. Concerns raised over enthusiasm of crypto firm days before NYSE launch. After report that top American crypto firm, Bakkt would become a public firm, the crypto platform finally got listed on the New York Stock Exchange (NYSE). However, it ended its […]
Gemini welcomes latest New York BitLicense alterations
The newly updated New York BitLicense regulations have garnered a mixed response from the crypto community. But Gemini isn’t the one to shy away from crypto regulations. With its headquarters in New York, Gemini has chosen to fully comply with the new guidelines and looks set to increase its credentials as a law-abiding crypto exchange. […]
Covid-19 – NYSE shuts down trading floor
The confirmation of two cases of coronavirus (Covid-19) among their people, NYSE shuts down its human trading floor. The exchange operator of NYSE is yet to disclose when the trading floor will be reopened following the shutdown. The closure may lead to problems As the NYSE platform remains closed, there may be complications on the […]
