Hyperledger, a collaborative project focused on advancing cross-industry blockchain technologies, has announced the creation of Grid, a framework aimed at enhancing the development and delivery of distributed ledger technology (DLT) powered solutions for the supply chain ecosystem, according to a press release on January 22, 2019. Hyperledger Grid Framework Goes Live While distributed ledger technology has proven over time that it has much to offer to the global financial industry, the supply chain is another critical area of the economy where the burgeoning technology is fast gaining traction. With Grid, Hyperledger has now offered shared, open, and reusable tools to make life easier for developers creating relevant blockchain solutions The team says Hyperledger Grid seeks to assemble
On January 22, 2018, Coinbase, the American cryptocurrency exchange, announced the launch of new trading and custody services for Coinbase Prime and Coinbase Pro which will allow high-volume investors in Asia and Europe to trade virtual currencies, make cross-border payments, and store digital assets in its cold storage. Coinbase Leading the Crypto Revolution On its blog, Coinbase revealed the launch of new features and services for its suite of products such as Coinbase Pro, Coinbase Prime, and Coinbase Custody which can be used by high-volume investors in Asian and European regions. According to the exchange, as from January 22, 2019, Coinbase Prime customers in either continent can use its professional trading platforms to deposit, withdraw, and trade USD for virtual currencies. At the ...
On January 21, 2019, the Polish Financial Supervision Authority (KNF) has granted two bitcoin-linked firms, Coinquista and BitClude, licenses. Two Polish Crypto Exchanges Get Lucky Per sources close to the matter Coinquista and BitClude, two Polish firms offering clients cryptoassets exchange services, a functional wallet, and more, have been granted a license by the state’s financial watchdog, the KNF. As stated in the KNF circular, the new license makes it legal for both firms to offer its Polish customers a vast array of payment-related products and services including cash deposits and withdrawals, as well as other banking transactions like funds transfer and direct debits among other operations. Although the license failed to state explicitly whether the firms are allowed to render c
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
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
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...
According to a press release published on January 19, 2019, WISeKey International Holding Ltd. has entered into an agreement with Blockchain Research Institute (BRI) to establish interconnected “Blockchain Centers of Excellence” around the world. Geneva Annual Blockchain Congress Per the newly inked agreement, WISeKey International will launch two new blockchain research centers in Buenos Aires, Argentina, and Geneva, Switzerland. It’s worth highlighting that WISeKey International is already in the process of establishing blockchain centers in countries like India, Rwanda, and Mauritius. The press release states that the purpose of the partnership is to foster rapid development of the respective local blockchain ecosystems. This could be achieved by ideating and testing blockchain-based
In a survey of institutional investors by the Global Blockchain Business Council (GBBC), 63 percent of respondents believe that senior business executives have a poor understanding of blockchain technology. Cointelegraph acquired a copy of the study on Jan. 22.In December and January the market research company PollRight interviewed 71 institutional investors, including private equity, hedge funds and pension funds on behalf of GBBC — a trading association for the blockchain ecosystem.While most respondents believe that senior business executives do not understand blockchain, 30 percent consider their knowledge of the emerging technology as “average.” The remaining 7 percent described senior executive understanding of blockchain as “good.”Moreover, 76 percent of respondents claimed they do
Autonomous Next published a report on January 21, 2019, which states that the blockchain industry saw $24 billion in funding in 2018, most of which came from unverified self-reported crowdfunding ventures. Unverified Figures Autonomous Next ’s report stated that in December 2018, there was an almost even split between the funds raised through traditional venture capital and those raised through ICOs. The reported figures for the month of December are $490 million raised through ICOs and $310 million raised through venture capital funding. (Source: Next Anonymous) However, it is noted that the figures for ICOs cannot be verified as they are self-reported. It is believed that some of the figures reported for December were actually raised earlier in the year and, as a result, the word of