Bakkt Lost $2 Billion. Here's Its Latest Plan To Survive

Wall Street’s crypto infrastructure darling, Bakkt, has struggled to lock onto a viable product offering, and recently warned stockholders that it might not survive. Another pivot is underway.By Nina Bambysheva, Forbes StaffWhen Bakkt launched in 2018, the markets were ecstatic. “Intercontinental Exchange (ICE), the owner of the New York Stock Exchange, is now in the bitcoin business,” read the MIT Technology Review. Fortune predicted Bakkt would bring bitcoin to your 401(k). The promise was that ownership ...