Bakkt, once hailed as Bitcoin’s potential saviour, is now grappling with a financial crisis that raises doubts about its future. Launched in 2018 with backing from the Intercontinental Exchange (ICE), the owner of the New York Stock Exchange (NYSE), the crypto platform revealed a precarious financial situation in a filling for an amendment to its quarterly report with the United States Securities and Exchange Commission. Despite initial aspirations to facilitate Bitcoin transactions for Starbucks customers, ...