Bakkt has finally been given the green light to launch after the New York State Department of Financial Services (NYDFS) finally approved the platform’s custodial solution. Custody and physically delivered Bitcoin futures will launch on September 23.

According to an official blog post today, the NYDFS approved Bakkt’s custodial solution, Bakkt Warehouse, and is now certified to custody digital assets.

If 2019 was a tough year for investors, it was harder for cryptocurrency developers. A new report has highlighted significant changes in the type of developers working in cryptocurrency projects, as well as the sort of projects many are moving too.

By indexing code and tracing original authors, crypto investment firm Electric Capital created an image of the current developer community, as well as highlight key trends.

• Tezos has a bearish short-term bias, with the XTZ / USD pair erasing all its monthly gains
• The four-hour time frame shows that the bearish head and shoulders pattern has now reached its full downside projection
• The daily time frame shows that the XTZ / USD pair has found strong technical support from its 200-day moving average

Tezos has a bearish short-term outlook, with the XTZ / USD pair moving below key support and eroding all its monthly trading gains.

• Ripple’s token has a bearish short-term trading bias, with the XRP / USD pair trading at its weakest level since December 2017
• The bearish head and shoulders pattern on the four-hour time frame has now reached its full downside projection
• The daily time frame shows that a bearish breakout has occurred below a large wedge pattern

Ripple’s token has a bearish short-term trading outlook, with the XRP / USD pair tumbling to its weakest level since December 2017.

• 0x has a bearish short-term trading bias, with the cryptocurrency trading at its weakest level since November 2017
• The four-hour time frame shows that a large falling wedge pattern has formed
• The daily time frame shows that the ZRX / USD pair has undergone a major decline after breaking from a horizontal price channel

0x has a bearish short-term outlook, with the cryptocurrency declining towards its all-time trading low.

Move over, John McAfee, there’s a new crypto candidate for President. Andrew Yang may not have a lifelong love affair with guns and drugs, or the same appetite for risky wagers. But he’s rapidly gained attention in the Democratic Primary race, and unlike McAfee, he’s not fleeing the IRS in a boat. That’s got to count for a few votes.

 Zcoin (XZC) is pushing for more merchant adoption in its homeland. With the latest integration with the Satang App, customers in Thailand can now spend Zcoin through a mobile QR payment system at five million merchants throughout the country.

Ripple’s funding initiative Xpring has granted a billion XRP tokens – roughly $250M at current prices – to Coil, a new sharing and monetization platform that rewards content creators with micropayments.

This week started with high hopes for a bull run. The New Zealand tax office legalized cryptocurrency salaries, and Goldman Sachs analysts advised clients to buy Bitcoin (BTC) at a relative ‘dip’ of $11,000.

Those hopes have been dashed by a significant market downturn.  More than $30bn has been wiped from the market since Tuesday afternoon, and Bitcoin plummeted by nearly $1,500. Large-cap altcoins lost around 10% of their value.

Warren Davidson and Meltem Demirors may have brought shitcoins to the attention of the United States Congress, but crypto insiders have long used the term to describe projects that are heavy on hype – and light on substance.