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Bakkt
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.
Galaxy’s Novogratz and Bakkt’s Michael Differ on Bitcoin’s Case as Digital Gold
Each spoke separately Wednesday during the Barclays Crypto and Blockchain Summit.
Bakkt Expects to Post Losses in 2022 as Investment Ramps Up
The digital asset platform said it plans to spend $150 million to $170 million this year in future growth initiatives, including expanding its crypto offerings.
Bakkt President Adam White Announces His Departure
The founding executive is leaving the Wall Street bitcoin firm. Where to next is unclear.
Bakkt Shares Fall After Crypto Firm Posts Third-Quarter Loss
The digital asset exchange said it had a loss in the third quarter, though revenue rose from last year’s third quarter.