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Crypto Tidbits: Bakkt’s Bitcoin Market Explodes, Huawei CEO Skeptical of Blockchain, FBI Wary of Cryptocurrency



Another week, another round of Crypto Tidbits. Again, Bitcoin (BTC) saw a relatively meek week in terms of price action, or lack thereof; the leading cryptocurrency fell by 5% over the course of the week, but still seems to be stuck in a tight range as a trend fails to be established.Despite this, the industry continued to chug forward. Bakkt’s Bitcoin volumes have shot through the roof as institutional interest picks up, Huawei’s CEO expressed skepticism towards blockchain technologies, and the FBI revealed that it is wary of the threats posed by cryptocurrencies.Related Reading: Crypto Tidbits: Bitcoin Stuck In $9,000s, Starbucks Cryptocurrency Payments, Canada’s BTC FundBitcoin & Crypto TidbitsBakkt’s Bitcoin Volumes Explode to $15 Million: Bakkt Volume Bot, a Twitter account dedicated to publishing data about the exchange’s derivatives market, has reported that Bakkt has seen 1,741 BTC worth of contracts traded on Friday. This is equivalent to around $15.5 million, and importantly marks Bakkt’s largest trading day thus far. This statistic was later corroborated by the exchange itself, who excitedly tweeted near the end of Friday’s trading session:

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