Can the world of payments and financial services embrace crypto and move on-chain? Maybe partly, and maybe one day. Ultimately, it all boils down to usability, regulation, and of course, investment into the space. Crypto regulation, for its part, is awaiting a potential shot in...
Institutional investors are going to play a bigger role in the cryptocurrency trading market, Bakkt said Wednesday (May 15) when announcing its latest quarterly results. Bakkt, which provides custody, trading and onramp capabilities for the crypto economy, said in a presentation released Wednesday that this increase in the mainstream adoption of...
Bakkt is cutting staff after warning earlier this year about the future of the company. The cryptocurrency platform said in an April 29 securities filing that it is laying off 28 workers, or 13% of its non-call center staff. “The reduction in force is a component...
Bakkt Holdings has appointed a board member, Andy Main, as president and CEO, effective March 26. Main will succeed Gavin Michael, who is stepping down from those roles to pursue other interests, the provider of custody, trading and onramp capabilities for the crypto economy said in a Monday...
April 17, 2023
Crypto, whether by accident or by design, is facing a banking crisis in the U.S. That’s why it is increasingly important for industry leaders to drive education around crypto’s utility across key use-cases and act like a “grown up,” Gavin Michael, CEO at publicly listed crypto company Bakkt, tells PYMNTS CEO Karen Webster. In the wake of Silicon Valley Bank’s (SVB) collapse, […]
May 31, 2022
The crypto market may be taking a beating as of late, but Bakkt CEO Gavin Michael isn’t too concerned. “I we think we’re past that inflection point of whether a...
October 25, 2021
Unused gift cards sit idly in a drawer. The 333 rewards points a consumer accrued with a niche retailer will likely stay unredeemed because it’s a retailer that consumer shops infrequently — and...
August 23, 2021
It seems that pretty much anything can be turned into a digital asset these days — that is, if it hasn’t been converted already. According to Gavin Michael, CEO of...
June 09, 2024
Digital asset marketplace Bakkt is reportedly considering putting itself up for sale. That’s according to a Friday (June 7) report from Bloomberg News, citing sources familiar with the matter. Those sources said Bakkt — which has a market value of around $300 million as of Friday — had been working with a financial adviser to […]
May 15, 2024
Institutional investors are going to play a bigger role in the cryptocurrency trading market, Bakkt said Wednesday (May 15) when announcing its latest quarterly results. Bakkt, which provides custody, trading and onramp capabilities for...
May 06, 2024
Bakkt is cutting staff after warning earlier this year about the future of the company. The cryptocurrency platform said in an April 29 securities filing that it is laying off 28...
March 18, 2024
Bakkt Holdings has appointed a board member, Andy Main, as president and CEO, effective March 26. Main will succeed Gavin Michael, who is stepping down from those roles to pursue other interests, the...
