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Crypto Tidbits: LedgerX Bitcoin Futures, Federal Reserve Rate Cut Bullish, Square Booms

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Another week, another of Crypto Tidbits. Over the past seven days, Bitcoin actually managed to regain some of its bullish steam. As of the time of writing this, the cryptocurrency is trading at $10,500, just $200 of the weekly high established on Friday.While BTC is still around 30% short from its year-to-date high of $14,000, there have been many analysts pointing out that this recovery has triggered a number of technical signals that indicate further Bitcoin price appreciation.This week was also great for industry news. There were setbacks, like the debacle LedgerX found itself in. But the past seven days have been days of growth for most in the cryptocurrency ecosystem.Even on the coverage side, Bitcoin’s prospects were bullish. Former Trump advisor Steve Bannon claimed that cryptocurrencies have a bright future; a U.S. Senator opined that he believes that digital assets and related technologies are inevitable, echoing the thoughts put forth by Congressman Patrick McHenry.Related Reading; Crypto Tidbits: Bakkt’s Bitcoin Futures, Monex & Libra, Andrew Yang PAC Accepts BTCBitcoin & Crypto TidbitsKraken Acquires Institutional-Centric Crypto Firm in Major Transaction: Announced on Wednesday, top Bitcoin exchange Kraken has made a large acquisition, picking up Interchange. Interchange is an accounting and reporting service for institutions with operations in the cryptocurrency market, meaning that this purchase is one of Kraken’s latest attempts to make a splash in the institutional side of the industry. This transaction will allow for the San Francisco-headquartered platform’s institutional clients to better manage their portfolios, by offering accounting, reconciliation, and reporting products. This is Kraken’s latest acquisition in a matter of months. Earlier this year, the firm picked up Europe-centric cryptocurrency futures platform Crypto Facilities for a “nine-figure” sum. Later, it brought on Cryptofinance.ai, a data analytics firm.

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