• Loeffler made $3.5 million at Bakkt
    Politics

    Sen. Kelly Loeffler made $3.5 million at Bakkt

    Financial disclosure forms show she’s divested millions in stock after insider trading allegations. But it doesn’t seem to be helping the Georgia Republican in the November special election to keep her appointed seat, which she’s losing badly

    Thanks to Senate financial disclosure forms filed on May 1, we know a great deal about the cryptocurrency options and futures platform leader’s wealth, including the fact that she and her husband have been selling off investments at a furious pace.

  • Bakkt CEO Mike Blandina steps down
    People

    Bakkt CEO Mike Blandina steps down

    Bakkt’s recently appointed CEO has left the ICE exchange’s bitcoin futures and options platform. ICE VP of M&A David Clifton will replace him on an interim basis

    Bakkt CEO Mike Blandina has stepped down as leader of the cryptocurrency futures and options platform after only four months, according to a statement by owner Intercontinental Exchange, better known as ICE. He will be replaced on an interim basis by ICE vice president of M&A and integration David Clifton.

  • Sen. Loeffler sells low
    Commentary,  Politics

    After insider trading fight, Sen. Loeffler sells low

    Former Bakkt CEO and current Georgia Senator Kelly Loeffler blames ‘baseless attacks from political adversaries and the media’ for divesting stock holdings in a down market

    Georgia Sen. Kelly Loeffler announced on April 8 that she and her husband were selling all of their stock holdings following weeks accusations of using her position for insider trading.

  • Bakkt and cup of coffee
    Technology

    Bakkt raises $300m as Starbucks trial launches

    The cryptocurrency futures and options exchange recently bought loyalty program provider Bridge2 Solutions, and has plans for a wide-ranging consumer payments app

    Despite economic uncertainty brought on by the coronavirus, crypto firm Bakkt has managed to secure $300 million in capital through Series B funding. Funds from this latest financing round are going to be put toward completing the acquisition of loyalty program provider Bridge2 Solutions.