Microsoft to Reveal Azure Revenue in Major Reporting Shake-Up 
OpenAI Launches GPT-6 Astra With Advanced AI Agent Capabilities 
South Korea Unveils Record $597 Billion 2027 Budget to Boost AI and Chips 
South Korea, US Discuss Chip Investments Amid Tariff Plans 
Anthropic Nears $15 Billion Credit Deal Ahead of IPO 
OpenAI Rejects Apple Trade Secret Theft Claims 
US Tech Giants’ AI Bond Boom Raises Euro Zone Borrowing Risks 
Chinese AI Stocks Rally After OpenAI Launches GPT-6 Astra 
Nvidia Pauses AI Cloud Financing Deals Amid Antitrust Concerns 
Thomson Reuters C-Track Cyberattack Hits Courts Across U.S. and Canada 
Pinterest Stock Falls as CFO Julia Brau Donnelly Resigns 
Nvidia Eyes $2.5 Billion Investment in Thinking Machines Lab 
SpaceX Turbine Push Unlikely to Threaten Howmet, Bernstein Says 
Lenovo Shares Fall After Dropbox Security Breach Exposes ID Vulnerability 
Apple’s Phil Schiller Steps Back as Leadership Shake-Up Accelerates 
Japan, US Target AI and Chips in $550 Billion Investment Push 
Add as a preferred source on Google
The cryptocurrency market is slowly creeping into the mainstream industry as large companies are reportedly trying to enter this new field. This could mean a lot to Bitcoin and other digital assets as these companies will further expose the crypto market to average investors.
This new development involves the creation of another platform – dubbed Bakkt – that would allow for the conversion of cryptocurrencies like Bitcoin to U.S. dollars. The partnership will have the New York Stock Exchange (NYSE) operator Intercontinental Exchange (ICE) work with corporate giants like Starbucks, BCG, and Microsoft, Forbes reported.
However, following ICE’s announcement, multiple trustworthy publications – including Bloomberg and CNBC – rolled out false reports saying that the partnership means Starbucks will be accepting Bitcoin as payment. After this misunderstanding exploded, Starbucks announced that they are not going to accept Bitcoin as a form of payment and clarified that the partnership will be focusing on the conversion of crypto to fiat.
“At the current time, we are announcing the launch of trading and conversion of Bitcoin,” Starbucks said. “However, we will continue to talk with customers and regulators as the space evolves.” The press release also went into detail about this new venture and what exactly it is.
“As an initial component of the Bakkt offering, Intercontinental Exchange’s U.S.-based futures exchange and clearinghouse plan to launch a 1-day physically delivered Bitcoin contract along with physical warehousing in November 2018, subject to CFTC review and approval,” Starbucks explained.
ICE said in May that they’re planning to have physically delivered BTC futures contracts and this announcement is a confirmation of the exchange’s past statement. While Bitcoin has yet to turn the tables against the bears, this new development will certainly play a vital role in reversing the market trend. Bitcoin is currently trading at $7,011, down from its recent high of $8,500 seen in the last couple of weeks.
