News of the day: Bakt refused leverage, crypto payments in Africa.

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The Intercontinental Exchange Bakkt trading platform, which abandoned the idea of margin trading in cryptocurrency, as well as the American politician who bought a pair of cryptocurrencies.

                                                                       Bakkt will not offer a shoulder

 

Bakkt, a newly established subsidiary of the new York stock exchange-Intercontinental Exchange, has decided that it will not offer margin trading in cryptocurrency to its customers.

The company refused to provide credit leverage "in the name of ensuring effective price action." Kelly Leffler, CEO of Bakkt, said:

A critical element for price discovery is physical delivery. In particular, with our solution, buying and selling bitcoin is fully secured or pre-funded. Thus, bitcoin will not be sold on margin, use leverage or serve to create a "paper application" for a real asset. This maintains the integrity of the market and distinguishes our efforts from existing futures and crypto exchanges that allow the use of margin, leverage and cash settlement.

                                                                            Congressman crypto-investor
             

Tulsi Gabbard, a Congressman from the us Democratic party, is a politician who has apparently made investments in cryptocurrencies.

Ms. Gabbard bought ether (ETH) and litecoin (LTC) in December 2017, according to her latest financial disclosure report to the House of representatives. Disclosure does not indicate the current status of the policy, but the initial investment was at least somewhere between $ 2,000 and $ 30,000.

                                                        WeСhat is blocking accounts related to cryptocurrency

                                         

Chinese Internet users complain that a number of popular accounts that are associated with cryptocurrencies, some of which are very well known in the local community, is no longer available in the popular social network WeСhat.

These include: Jinse Finance, Shenlian Finance, Bishijie, Dprating, Huobi News, Token Club and Wujie Blockchain. While official statements from WeСhat did not follow the Chinese Internet censors don't understand the reason for the blocking of accounts.

                                                                An Israeli startup is expanding in Africa

                               

Virtual Crypto Technologies Ltd, an Israeli developer of cryptocurrency payment systems, has announced the signing of an exclusive distribution agreement with Virtual Crypto SA Ltd to start selling its products in the South African region.

Distributor agrees to purchase both hardware and software solutions from the developer in exchange for royalties and support fees. Territories, implied in this transaction are South Africa, Tanzania, Zambia, Zimbabwe, Angola, Botswana, Congo, Lesotho, Madagascar, Malawi, Mauritius, Mozambique, Namibia, Seychelles and Swaziland.

CEO Alon Dayan commented on the deal:

Cryptocurrency is becoming increasingly popular in the South African region, which is a strong emerging market. Cryptocurrency provides investors and businesses with the opportunity to diversify their investment portfolio. In addition, solutions from Virtual Crypto offer businesses and consumers a secure alternative to real-time payments and broad cryptocurrency availability.

Link to information resource - https://altstake.io/news/novosti-dnya-bakkt-otkazalsya-ot-kreditnogo-plecha-kripto-plateghi-v-afrike