ING and R3 announced on January 22, 2019, that they have entered into a five-year deal that gives ING rights to the use of R3’s Corda platform across their business operations. Corda Goes Global According to a January 22, 2019 statement, ING, a Dutch Bank, and R3 have entered into a partnership that will see ING haunch access to R3’s blockchain platform. The agreement is to last for a five-year period and during this time, ING will have unlimited licenses to R3’s Corda Enterprise platform. The platform will be deployed for ING business operations around the globe, particularly its Dapps. According to R3, many of its Dapps already in production are designed for a variety of business functions such as trade finance, identity, insurance, and capital markets, which means ING will have a wide
On January 22, 2019, it was announced that the Millennium Exchange matching engine used by the London Stock Exchange would be deployed for the first time on a cryptocurrency exchange, namely AAX, an upcoming Hong Kong-based exchange. Matching the New World A January 22, 2019 press release announced that AAX, a soon-to-be-launched digital asset exchange, will be making use of the Millennium Exchange matching engine which is the matching engine used by the London Stock Exchange (LSE). Source: Wikimedia Commons The new Hong Kong-based exchange is a product of the ATOM Group and will be the first-ever cryptocurrency exchange to make use of the technology. Previously, the technology has been used by HKEX, the Johannesburg Stock Exchange and the Singapore Exchange. Ann Neidenbach, CIO, LSEG
There are many cryptocurrency traders, investors, and enthusiasts that might have grown tired of Bitcoin price predictions, given the fact that the markets are so volatile. For example, Tom Lee of Fundstrat Advisors, who has frequently appeared on popular media platforms such as Bloomberg and CNBC, gave various incorrect predictions about the price of Bitcoin before ultimately abandoning the prediction game. However, one individual is making a big prediction, even though there isn’t a specific price associated with it. That individual is Brian Armstrong, the CEO of Coinbase, one of the most recognized companies in the cryptocurrency sector which is valued at around $8 billion. Specifically, he believes that major strides will be made with regards to regulation. Where did all these people
B2C2, a leading cryptocurrency over-the-counter (OTC) liquidity provider for digital assets exchanges and financial institutions, has announced its streaming pricing feature aimed at enabling OTC traders to carry out “point-and-click” trading execution, according to a Business Wire press release on January 21, 2019. OTC Traders’ Orders Executed in Real Time In its bid to eliminate all forms of delays in OTC order execution, B2C2 has launched a new secure web interface to enable its OTC cryptoassets traders to execute trades in real-time on a two-way market. As stated in its press release, the innovative feature makes it easier for OTC cryptocurrency traders to monitor live price movements of blockchain-based virtual currencies and execute orders with the click of a button. For the uninit
U.S.-listed Blockchain Industries has signed a binding letter of intent to merge with Singapore-based holding company BTHMB, a move that would mark the first reverse merger in the country, according to the press release on January 22, 2019. Reverse Merger Bithumb, one of the world’s largest cryptocurrency exchanges by trading volume, could very soon become the world’s first publicly traded exchange. Bithumb‘s parent company, Singapore-based holding firm BTHMB, has announced its intention to list in the U.S. by merging with a company that is already publicly listed in the country. Blockchain Industries, a holding company, announced it had signed a binding letter of intent with BTHMB, which is being renamed Blockchain Exchange Alliance. Presently, Blockchain Industries trades publicly on U.
Despite being less than seven months old, Block.one’s EOSIO blockchain protocol is already a favorite among enterprises and developers as there are currently more than 250 projects being built on the network, the company announced in a blog post on January 21, 2019. Developers Flock to EOS Following Latest Update The EOSIO blockchain protocol published by Block.one is on its way to breaking all kinds of records when it comes to blockchain adoption and it’s not even a year old. With over 260 different projects being built on the network, it’s safe to say that the platform has become a favorite among developers. According to Blocktivity, EOSIO is the most used blockchain in the world, as its platform offers developers the opportunity to build services that have real-world utility. Many enter
On January 22, 2019, Livio Weng Xiaoqi, the chief executive of Huobi Global, insisted that the company is still profitable despite the bear run and event layoffs, as new projects are launched. Beating the Bear Run Within the last year, there have been significant changes in the global cryptocurrency market and not all of them good. Last year, crypto firms saw rapid expansion and record profits and this year, many have filed for bankruptcy and closed shop. Despite the current situation, Beijing-based Huobi Group has managed to stay afloat. Last year, they gave a 300 bitcoin bonus (worth over $3 million at the time ) to a senior executive and this year, they have been forced to lay off some of their workforce. Regardless of this, Livio Weng Xiaoqi, chief executive of Huobi Global, insists...
Beam, a newly launched privacy oriented cryptocurrency, experienced a bug that caused a sudden, but brief stoppage in its blockchain, the company announced in a Tweet on January 21, 2019. Technical Difficulties Cause a Halt in Beam’s Blockchain (Source: Steemit) One of two recently released implementations of the Mimblewimble privacy protocol, the Beam Mimblewimble blockchain, experienced technical difficulties that caused it to stop functioning. According to Beam Privacy, the chain’s developer team has already the problem has already been fixed and issued a clutch patch. Official release with issue fix. https://t.co/qlEvIUw2xv — @Beamprivacy (@beamprivacy) January 21, 2019 The bug was first reported by the company on January 21, 2019, only ten minutes after the chain went down. The bloc
CoinZest, a South Korean cryptocurrency exchange has been left with no choice but to roll back all transactions on its servers after it mistakenly airdropped bitcoin and altcoins amounting to $5.3 million to its clients, instead of the intended We Game tokens (WGT), according to local news source, CoindeskKorea on January 19, 2019. CoinZest Systems Go Haywire Per sources close to the matter, CoinZest, a South Korean cryptocurrency trading venue has experienced a massive system mishap while trying to perform an airdrop. Reportedly, the crypto exchange was trying to conduct a promotional event that involves airdropping 400 WGT tokens to a select group of customers. However, the operation didn’t pan out smoothly as a bug in its system triggered a transfer of massive sums of bitcoin (BTC), et
The Bank for International Settlements has suggested that the Bitcoin Network discontinue using Proof-of-Work (PoW) because it is expensive and once block rewards from mining bitcoin decrease, the network will slow down, this according to a BIS report published January 21, 2019. There has always been speculation about the future of Bitcoin, with most of it revolving around its future price and levels of adoption. Though this latest probe into bitcoin comes in the form of a report from the Bank for International Settlements (BIS); the report in question hypothesizes that the future of bitcoin could be in jeopardy if it doesn’t move away from its cornerstone PoW consensus mechanism. PoW: An Unsustainable Model? The report, written by BIS chief economist Raphael Auer, explains that the reaso