Blockstream has announced Crypto Garage a joint venture with Digital Garage and Tokyo Tanshi to serve the Japanese Bitcoinmarket The partnership willsoonlaunch theLiquid sidechain basedSETTLENET suite the first application of which will be a yenpegged stablecoin

Bitcoin price is showing a few signs of weakness against the US Dollar However BTC bulls are likely to protect dips near the 4940 and 4900 support levels in the near term

The highly anticipated launch of Bakkts physicallybacked bitcoin futures has been disappointing to say the least posting only 58M of BTC trading volume in the first week Many people in the community saw Bakkt as the catalyst to get institutional investors to enter the market But so far it doesnt seem like institutions are interested