Crypto News, August 20 2018: Flat Day

Highlights: A Bitconnect arrest, more details about Bakkt Bitcoin contracts, and check us out later today on Reddit!

Bitconnect India Head Arrested

Source: Financial Express

Divyesh Darji, the alleged head of Bitconnect India has been arrested at the Delhi airport after traveling from Dubai.Darji was supposedly involved in the promotion of the coin and the collection of tens of millions of Indian rupees from investors before the company exit scammed in January 2018.

Develop on the Litecoin Blockchain

Source: Litecoin

Developers can now build dapps on the Litecoin blockchain. APIs are provided for both testnet and mainnet. The documentation for the REST APIs are as yet incomplete, but you can view the basics at the source linked above.

Bakkt Details Their Offering

Source: Medium

Bakkt, a previously announced upcoming “physical Bitcoin futures contract and warehouse,” put out a blog post today clarifying and detailing their offering. The takeaway point from the post is the clarification that buying and selling Bitcoin using Bakkt is physically delivered, as opposed to cash-settled, which is speculation on the price of BTC. As a physically-delivered product, Bakkt Bitcoin contracts will not be traded on margin and will not use leverage.

Reddit Events Start This Week (Spoiler Alert: We’re Featured!)

Source: Reddit

The r/cryptocurrency subreddit is hosting their first series of events this week, starring certain selected content creators - including, that’s right, Nick of Hardly Difficult! Catch him tonight discussing smart contract development in the r/cryptocurrency Discord. Links and times can be found at the source linked above.

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Written content adapted/edited by @thepinkfreudian.