Skip to main content

BAKKT TO THE SENATE: CEO KELLY LOEFFLER TO OCCUPY US SENATE SEAT



The CEO of Bakkt, Kelly Loeffler, is reportedly going to take the seat in the U.S. Senate for the state of Georgia. Governor Brian Kemp is set to choose the businesswoman rather than President Trump’s choice – U.S. Rep. Doug Collins.

Bakkt CEO In U.S. Senate



Governor Brian Kemp appears to be clear with his choice for the U.S. Senate seat after months of anticipation and discussions. The state of Georgia will reportedly have the CEO of Bakkt, Kelly Loeffler, taking the hot seat. While this might sound like a surprising pick to some, Gov. Kemp is attempting to expand the Georgia GOP’s appeal to women with Loeffler. It should be officially announced at a press conference early next week, and this will make Bakkt’s CEO the second woman in the history of the state to serve in the U.S. senate.
U.S. Rep. Doug Collins seemed to be the more sensible choice due to his experience. He has served as congressman four terms already. Moreover, Collins is one of the most vocal defenders of President Donald Trump in Washington, which also made him Trump’s favorite. By choosing Loeffler, Gov. Kemp appears to be defying the Republican leaders, as well as the President.
Even though Trump is purportedly upset, Loeffler might actually be supporting the established vision for a “great” America, as she wrote in her Senate application to Kemp:


It’s worth noting that the seat will be vacated at the end of the year by Johnny Isakson, due to health issues.

Bakkt Recent Performance

Loeffler is mostly known to the cryptocurrency community with her role as the CEO of Bakkt Bitcoin Futures platform. It’s interesting to take a quick look at how Bakkt has been performing lately, as well.
It initially started slowly with minimal volume; however, since then, the interest has continuously been increasing. As Tech Tic Technologies reported this week, the platform noted over 2700 ($20.3 million) contracts traded on November 23rd. According to the Bakkt Volume Bot, the number doubled to $42.5 million on the 27th, breaking the all-time high record again.
With the upcoming announcement that Bakkt’s CEO will have a place in the U.S. Senate, it will be intriguing to follow how the Bitcoin Futures platform will perform in the future, as well.


Comments

Post a Comment

Popular posts from this blog

Legendary Rock Star Gene Simmons Buys Cardano (ADA) Worth $300,000

Famous rock star Gene Simmons continues his cryptocurrency adventure, this time investing $300,000 in Cardano (ADA). Gene Simmons, the legendary KISS bassist, has made another dip into cryptocurrencies. The famous musician has expressed his belief in Cardano, presuming 2021 would be “the most productive year” for the altcoin. Believing in the Future of Cardano Rock star Gene Klein, aka Gene Simmons, has appeared in online social media with yet another pro-cryptocurrency commentary. This time KISS’s legendary bass guitarist has expressed his opinion on Cardano and its native digital coin ADA. In his  recent publication  on Twitter, Simmons explained one of his fundamental personal reasons for  investing  and holding the altcoin. The musician pointed out that he believes in Cardano because of Hoskinson (Charles) – Cardano’s creator and co-founder of Ethereum. In his tweet, the musician expressed his trust in the altcoin hopping on Hoskinson’s envision that 2021 would b...
Post a Comment
Read more

Bitcoin Hash Rate Hits All-Time High: Here’s How It Works And How It Affects The Price

Bitcoin intelligence, data, and analytics firm Glassnode found the Bitcoin hash rate hit a new all-time high over the weekend, ten days before the Bitcoin halving event. In other words, miners are putting more computational power into maintaining the Bitcoin network. Because miners must venture electricity and capital intensive computer processors to mine Bitcoin, the increase in hash rate is a bullish sign. It means miners are after the Bitcoin rewards they get from maintaining the network. And they’re venturing the resources to go after those rewards. Is The Bitcoin Hash Rate Correlated With The Price? In general, the Bitcoin price and the hash rate are not correlated. The price is what buyers and sellers agree to pay for one Bitcoin, and there are many factors – external and internal – affecting the price. However, there is a relation between the two. While the price goes up, it’s more profitable to mine, which likely to cause more miners to turn on their mining equ...
Post a Comment
Read more

CHINA 2016 BITCOIN BOOM COMEBACK? YUAN HITS 11-YEAR LOW AGAINST THE DOLLAR

Bitcoin’s price has marked a spectacular increase of around 10 percent over the past couple of days in a move that was nothing if not sudden. Comparing Bitcoin’s situation now to that of 2016, analysts and industry experts think that the instability of China’s yuan relative to the dollar could soon shift the country’s position with regard to crypto. China’s Bitcoin Fever in 2016-2017 Many are comparing Bitcoin’s parabolic price movement of 2019 to that of 2016 and 2017, when the cryptocurrency reached its all-time high price of around $20,000. Now that Bitcoin is up more than 270 percent since the beginning of 2019, it seems only reasonable to make the comparison. However, many industry experts and analysts, including Alex Saunders, CEO and Founder of Blockchain Education, tweeted that one of the key differences between then and now was China’s position. Notably, back before China issued a blanket ban on all crypto trading and exchange operations, the country wa...
Post a Comment
Read more