OKEx Launches Perpetual Swap Perfecting Its Derivatives Product Suites

OKEx Launches Perpetual Swap, Perfecting Its Derivatives Product Suites

              

OKEx, a Malta-based world-leading digital asset exchange

SEOUL, South Korea, Dec. 3, 2018 /PRNewswire/ — OKEx, a Malta-based world-leading digital asset exchange, today announced to launch a brand-new derivative product, Perpetual Swap, taking a big step forward to completing its crypto-based financial product suites. With the new addition, users of OKEx can now perform perpetual swap, futures contract, and spot trading with margin and leverage at one stop. Perpetual swap trading will be officially available at OKEx on December 11, 2018 at 01:00 (GMT+9).

Perpetual Swap is a peer-to-peer, virtual derivative developed by OKEx to enable traders to speculate the direction of the price of digital assets such as Bitcoin. It has a mechanism very similar to futures contracts, but with no expiry, and settlement occurs daily. Each swap contract has a notional value of USD100-equivalent BTC. Users can go long a position to profit from the increase of a digital asset’s price, or short a position to profit from the decline of a digital asset’s price, with a leverage of up to 100x.

OKEx’s Perpetual Swap has the following features comparing to futures contract:

  • No expiry – positions can be held indefinitely;
  • Trade closely to the underlying reference index — unlike futures contract that normally be traded at a different price to spot market
  • Leverage level – 1-100x are available
  • Track the price of the spot market via funding mechanism

In addition, users can enjoy the advantages including:

  • Mark Price mechanism helps to avoid unnecessary liquidation
  • Lower transaction fees than other similar products in the market
  • Fast settlement – swaps are settled daily, profits can be withdrawn daily;
  • Partial liquidation system – minimizing the market impact during forced liquidation
  • Tiered margin system enables traders to adjust their leverage level according to their risk appetite and market condition

Lennix Lai, Financial Market Director of OKEx, said, “This marked a key milestone for OKEx. The launch of perpetual swap demonstrated our continuous commitment to build a complete financial ecosystem on blockchain and crypto. With the new offering, investors and traders can select the products which best fit their trading and hedging strategies. However, we would like to remind our users that due to its highly leveraged nature, implementing risk control strategies are equally crucial in trading.”

About OKEx
OKEx is a world-leading digital asset exchange, offering digital assets trading services such as token trading, futures trading, and index tracker to global traders with blockchain technology. Currently, the exchange offers over 400 token and futures trading pairs enabling users to optimize their strategies. The platform provides a safe, reliable, and stable environment for digital asset trading, serving millions of customers from over 100 countries.

Article Produced By
Bob Keith

https://cryptodisrupt.com/okex-launches-perpetual-swap-perfecting-its-derivatives-product-suites/

Canadian Securities Regulator Looking Into’ QuadrigaCX Cryptocurrency Exchange

Canadian Securities Regulator ‘Looking Into’ QuadrigaCX Cryptocurrency Exchange

              

The Ontario Securities Commission (OSC) has initiated

a probe into Canada’s major cryptocurrency exchange QuadrigaCX, Reuters reported on Feb. 8. The Ontario Securities Commission reportedly told Reuters that “given the potential harm to Ontario investors, we are looking into this matter and have already been in contact with the monitor.” OSC spokeswoman Kristen Rose reportedly declined to specify whether this means the Commission was formally investigating the exchange.

The news comes in the wake of the British Columbia Securities Commission’s claim that it does not regulate QuadrigaCX since the company has reportedly not shown signs of trading of securities or derivatives, or operating as an exchange in general. The aforementioned harm purportedly refers to the exchange’s missing funds in the amount of CA$190 million dollars ($145 million) in digital assets discovered after the death of QuadrigaCX’s founder Gerald Cotten in December.

Quadriga has not been able to access its cold wallets where it kept most of the assets, because Cotten was purportedly solely responsible for the wallets and corresponding keys. Cold wallets are storage systems for digital assets which are not connected to the Internet, which prevents users from being hacked. The exchange purportedly only has CA$375,000 ($286,000) in cash, while it owes CA$260 million ($198,435,000) to its users.

The crypto community has been sceptical about the circumstances surrounding Cotten's death, especially after news broke that his will, naming his wife Jennifer Robertson as the sole beneficiary of his estate, was released 12 days before his death. Robertson reportedly stated in an affidavit that “I do not know the password or recovery key. Despite repeated and diligent searches, I have not been able to find them written down anywhere.” Last year, the Canadian Imperial Bank of Commerce (CIBC) froze five accounts belonging to Quadriga’s payment processor, Costodian Inc., and its owner, Jose Reyes, totalling to $21.6 million. The bank purportedly froze the accounts due to an inability to identify the funds’ owners.

Article Produced By
Ana Alexandre

Total change in her career took Anastasia into the world of analytics and business information as a researcher and translator in 2010. Some time later she got into FinTech, a dynamically developing segment at the intersection of the financial services and technology. Ana joined Cointelegraph in September 2017.

https://cointelegraph.com/news/seoul-city-govt-appoints-members-to-blockchain-governance-team

 

Medical RampD Alliance Expands Blockchain Project to Include Data Sharing

Medical R&D Alliance Expands Blockchain Project to Include Data Sharing

               

The Pistoia Alliance has expanded its blockchain project

to include data sharing, data identity, and data integrity, according to a press release published on Feb 8. The Pistoia Alliance is a not-for-profit organization established in 2007, with representatives from well-known pharmaceutical industry companies which include Pfizer, Novartiz, and GSK. The Pistoia Alliance was formed to help integrate new technology to assist in the companies’ respective research and development (R&D) fields.

The newest project will focus on the use of blockchain to validate sources in identifying data, to ensure data integrity, and to improve sharing between the organizations. Prior to its foray into blockchain-based data management, Pistoia concentrated on educating the medical industry on the emerging technology. According to Pistoia, a recent survey found that access to skilled personnel and understanding of the technology are the primary barriers to blockchain’s adoption. That same survey reportedly stated that one-fifth of respondents do not think blockchain adds value beyond a standard database.

“Much of the industry is still at the ‘discussion’ stage of blockchain, we want to move beyond this and take action that actively supports members and leads to tangible outcomes that will benefit R&D, accelerate innovation and support the discovery of new treatments,” according to the president of the Pistoia Alliance, Steve Arlington. Distributed ledger technology (DLT) has been implemented across the healthcare industry to make medical data more shareable and more secure. In November 2018, Myongji Hospital, located in the city of Goyang, South Korea, signed a Memorandum of Understanding (MoU) with Korean IT company BICube.

Per the terms of the MoU, the  two parties would use DLT to create a healthcare information exchange system and “build a hybrid cloud [platform] that combines a public cloud and a private cloud.” That same month, the Austrian government offered financial support for a U.K. cancer research company, Lancor Scientific, that uses blockchain technology to detect the disease. Lancor Scientific has purportedly developed a device to detect multiple cancer types and records the screening results with smart contracts on a blockchain.

Article Produced By
Miranda Karanfili

Miranda is a journalist based out of New York City. She is a dedicated writer, passionate about storyelling and making voices heard through her writing. She has joined Cointelegraph as a News Editor.

https://cointelegraph.com/news/canadian-securities-regulator-looking-into-quadrigacx-cryptocurrency-exchange

The next integration evolution blockchain

The next integration evolution — blockchain

                

Here is one way to look at distributed ledger technologies (DLT)
and blockchain in the context of integration evolution. Over the years, businesses and their systems are getting more integrated, forming industry-specific trustless networks, and blockchain technology is in the foundation of this evolutionary step.

Enterprise integration

Large organizations have a large number of applications running in separate silos that need to share data and functionality in order to operate in a unified and consistent way. The process of linking such applications within a single organization, to enable sharing of data and business processes, is called enterprise application integration (EAI).

Similarly, organizations also need to share data and functionality in a controlled way among themselves. They need to integrate and automate the key business processes that extend outside the walls of the organizations. The latter is an extension of EAI and achieved by exchanging structured messages using agreed upon message standards referred to as business-to-business (B2B) integration. Fundamentally, both terms refer to the process of integrating data and functionality that spans across multiple systems and sometimes parties. The systems and business processes in these organizations are evolving, and so is the technology enabling B2B unification.

Evolution of integration

There isn’t a year when certain integration technologies became mainstream; they gradually evolved and built on top of each other. Rather than focusing on the specific technology and year, let’s try to observe the progression that happened over the decades and see why blockchain is the next technology iteration.

Evolution of integration technologies

Next we will explore briefly the main technological advances in each evolutionary step listed in the table above.

Data integration

This is one of the oldest mechanisms for information access across different systems with the following two primary examples:

  • Common database approach is used for system integration within organizations.
  • File sharing method is used for within and cross-organization data exchange. With universal protocols such as FTP, file sharing allows exchange of application data running across machines and operating systems.

But both approaches are non-real-time, batch-based integrations with limitations around scalability and reliability.

Functionality integration

While data integration provided non-real-time data exchange, the methods described here allow real-time data and importantly functionality exchange:

  • Remote procedure call provides significant improvements over low-level socket-based integration by hiding networking and data marshaling complexity. But it is an early generation, language-dependent, point-to-point, client-server architecture.
  • Object request broker architecture (with CORBA, DCOM, RMI implementations) introduces the broker component, which allows multiple applications in different languages to reuse the same infrastructure and talk to each other in a peer-to-peer fashion. In addition, the CORBA model has the notion of naming, security, concurrency, transactionality, registry and language-independent interface definition.
  • Messaging introduces temporal decoupling between applications and ensures guaranteed asynchronous message delivery.

So far we have seen many technology improvements, but they are primarily focused on system integration rather than application integration aspects. From batch to real-time data exchange, from point-to-point to peer-to-peer, from synchronous to asynchronous, these methods do not care or control what is the type of data they exchange, nor force or validate it. Still, this early generation integration infrastructure enabled B2B integrations by exchanging EDI-formatted data for example, but without any understanding of the data, nor the business process, it is part of. With CORBA, we have early attempts of interface definitions, and services that are useful for application integration.

Service-oriented architecture

The main aspects of SOA that are relevant for our purpose are Web Services standards. XML providing language-independent format for exchange of data, SOAP providing common message format and WSDL providing an independent format for describing service interfaces, form the foundation of web services. These standards, combined with ESB and BPM implementations, made integrations focus on the business integration semantics, whereas the prior technologies were enabling system integration primarily.

Web services allowed systems not to exchange data blindly, but to have machine readable contracts and interface definitions. Such contracts would allow a system to understand and validate the data (up to a degree) before interacting with the other system. I also include microservices architectural style here, as in its core, it builds and improves over SOA and ESBs. The primary evolution during this phase is around distributed system decomposition and transition from WS to REST-based interaction. In summary, this is the phase where, on top of common protocols, distributed systems also got common standards and contracts definitions.

Blockchain-based integration

While exchanging data over common protocols and standards helps, the service contracts do not provide insight about the business processes hidden behind the contracts and running on remote systems. A request might be valid according to the contract, but invalid depending on the business processes’ current state. That is even more problematic when integration is not between two parties, as in the client-server model, but among multiple equally involved parties in a peer-to-peer model.

Sometimes multiple parties are part of the same business process, which is owned by no one party but all parties. A prerequisite for a proper functioning of such a multi-party interaction is transparency of the common business process and its current state. All that makes the blockchain technology very attractive for implementing distributed business processes among multiple parties.

This model extends the use of shared protocols and service contracts with shared business processes and contained state. With blockchain, all participating entities share the same business process in the form of smart contracts. But in order to validate the requests, process and come to the same conclusion, the business processes need also the same state, and that is achieved through the distributed ledger. Sharing all the past states of a smart contract is not a goal by itself, but a prerequisite of the shared business process runtime.

Looked at from this angle, blockchain can be viewed as the next step in the integration evolution. As we will see below, blockchain networks act as a kind of distributed ESB and BPM machinery that are not contained within a single business entity, but spanning multiple organizations.

Integration technology moving into the space between systems

First the protocols (such as FTP), then the API contracts (WSDL, SOAP) and now the business processes themselves (smart contracts) and their data are moving outside of the organizations, into the common shared space, and become part of the integration infrastructure. In some respect, this trend is analogous to how cross-cutting responsibilities of microservices are moving from within services into the supporting platforms.

With blockchain, common data models and now business processes are moving out of the organizations into the shared business networks. Something to note is that this move is not universally applicable and it is not likely to become a mainstream integration mechanism. Such a move is only possible when all participants in the network have the same understanding of data models and business processes; hence, it is applicable only in certain industries where the processes can be standardized, such as finance, supply chain, health care, etc.

Generations of integrations

Having done some chronological technology progression follow-up, let’s have a more broad look at the B2B integration evolution and its main stages.

First generation: system integration protocols

This is the generation of integration technology before CORBA and SOA, enabling mainly data exchange over common protocols but without an understanding of the data, contracts and business processes:

  • Integration model: client-server, where the server component is controlled by one party only; examples are databases, file servers, message brokers, etc.
  • Explicit, shared infrastructure: low-level system protocols and APIs such as FTP.
  • Implicit, not shared infrastructure: application contracts, data formats, business processes not part of the common integration infrastructure.

Second generation: application integration contracts

This generation of integration technology uses the system protocols from previous years and allows applications to share their APIs in the form of universal contracts. This is the next level of integration, where both applications understand the data, its structure, possible error conditions, but not the business process and current state behind it in the other systems:

  • Integration model: client-server model with APIs described by contracts.
  • Explicit, shared infrastructure: protocols, application contracts, and API definitions.
  • Implicit, not shared infrastructure: business processes and remote state are still private.

 

Third generation: distributed business processes

The blockchain-based generation, which still has to prove itself as a viable enterprise architecture, goes a step further. It uses peer-to-peer protocols, and shares business processes with state across multiple systems that are controlled by parties not trusting each other. While previous integration generations required shared understanding of protocol or APIs, this relies on common understanding of the full business process and its current state. Only then it makes sense and pays off to form a cross-organization distributed business process network:

  • Integration model: multi-party, peer-to-peer integration, by forming business networks with distributed business processes.
  • Explicit, shared infrastructure: business process and its required state.
  • Implicit, not shared infrastructure: other non-process related state.

There are many blockchain-based projects that are taking different approaches for solving the business integration challenges. In no particular, order here are some of the most popular and interesting permissioned open-source blockchain projects targeting the B2B integration space:

  • Hyperledger Fabric is one of the most popular and advanced blockchain frameworks, initially developed by IBM, and now part of Linux Foundation.
  • Hyperledger Sawtooth is another Linux Foundation distributed project developed initially by Intel. It is popular for its modularity and full component replaceability.
  • Quorum is an enterprise-focused distribution of Ethereum.
  • Corda is another project that builds on top of existing JVM-based middleware technologies and enables organizations to transact with contracts and exchange value.

There are already many business networks built with the above projects, enabling network member organizations to integrate and interact with each other using this new integration model.  In addition to these full-stack blockchain projects that provide network nodes, there also are hybrid approaches. For example, Unibright is a project that aims to connect internal business processes defined in familiar standards such as BPMN with existing blockchain networks by automatically generating smart contracts. The smart contracts can be generated for public or private blockchains, which can act as another integration pillar among organizations. Recently, there are many blockchain experiments in many fields of life. While public blockchains generate all the hype by promising to change the world, private and permissioned blockchains are promising less, but are advancing steadily.

Conclusion

Enterprise integration has multiple nuances. Integration challenges within an organization, where all systems are controlled by one entity and participants have some degree of trust to each other, are mostly addressed by modern ESBs, BPMs and microservices architectures. But when it comes to multi-party B2B integration, there are additional challenges. These systems are controlled by multiple organizations, have no visibility of the business processes and do not trust each other. In these scenarios, we see organizations experimenting with a new breed of blockchain-based technology that relies not only on sharing of the protocols and contracts but sharing of the end-to-end business processes and state.

And this trend is aligned with the general direction integration has been evolving over the years: from sharing the very minimum protocols, to sharing and exposing more and more in the form of contracts, APIs and now business processes. This shared integration infrastructure enables new transparent integration models where the previously private business processes are now jointly owned, agreed, built, maintained and standardized using the open-source collaboration model. This can motivate organizations to share business processes and form networks to benefit further from joint innovation, standardization and deeper integration in general.

Article Produced By
Bilgin Ibryam
Contributor

Bilgin Ibryam is a principal architect at Red Hat, committer and member of Apache Software Foundation. He is an open-source evangelist, blogger, occasional speaker and the author of Kubernetes Patterns and Camel Design Patterns.

https://techcrunch.com/2019/02/05/blockchain-as-integration-evolution/

SEC To Monitor Blockchain Transaction Seeking Suppliers to Extract Data

SEC To Monitor Blockchain Transaction, Seeking Suppliers to Extract Data

               us sec

An official announcement rolled out on Jan 31, 2019,
unveils that the SEC or Securities and Exchange Commission is analyzing blockchain transaction.

SEC to closely Analyze blockchain Services

According to the official report, the agency is looking for a supplier or vendor that would help them determine and monitor risk on grounds of digital assets. The opportunity is open for those that can extract blockchain data and parses them to make it reviewable. The opportunity page of

SEC reads that;

The U.S. Securities and Exchange Commission (SEC) is issuing these sources sought notice as a means of conducting market research to determine the availability and technical capability of large and small businesses to provide blockchain data to support the SEC’s efforts to monitor risk, improve compliance, and inform Commission policy with respect to digital assets.

The suppliers/vendors would further expected to enable SEC to access the data from the most widely used blockchain ledger. Besides data, SEC also demands to look at the process being used to extract the data and convert in reviewable format. This is to assure that the data transformation doesn’t lead to any kind of loss. Moreover, the requirement for the data provision mentioned by SEC website includes;

  • Provide data extracts on a recurring basis for the most widely used blockchain ledgers ,based on transaction volume.
  • Cleanse and normalize data to enable review and exploration. Provide capability to derive insights from the available data, including attribution data (i.e. to whom a particular address belongs).
  • Provide a means to demonstrate the data provided is accurate and complete

Article Produced By

Tabassum

Tabassum is a full-time content writer at Coingape. Her passion lies in writing and delivering apt information to users. Currently, she does not hold any form of cryptocurrencies.

https://coingape.com/sec-blockchain-transaction-seeking-supploers/

XRP Price Jumps 11 After IMF Praises Ripple Says Banks Will Be Cannibalized’

XRP Price Jumps 11% After IMF Praises Ripple, Says Banks Will Be ‘Cannibalized

             

The price of XRP has popped 11%
at time of publishing, according to the crypto price tracker Coin360
.

The price jump follows news that Ripple rival Swift will link to R3’s Corda Settler, which uses a distributed ledger to settle transactions between traditional assets and cryptocurrencies such as XRP. It also comes after a new endorsement of Ripple’s endeavors from International Monetary Fund (IMF) director Christine Lagarde. At the Paris Fintech Festival, Lagarde warned banks that they need to act and adapt to new technologies to better serve their customers.

“I think in the banking system at large in many, many countries, the difference will not be between those who are disrupted and those who survive. The difference will be between those who are cannibalized because they’re not seeing it coming, and they’re not embracing it, and those who self-induce that cannibalization.

And I’m using cannibalization on purpose because it’s a bit of a striking, horrible word. But it’s really what it means. You’re going to disrupt your business model. You’re going to change it. You’re going to reduce your costs. You’re going to expedite your transactions, and you’re going to inspire confidence because you will build out on the basis of an existing backbone, which is your bank and the confidence, relationship you’ve established with your customers.

So that’s where I see changes happening now. If you think of Circle, and Ripple and all those – that’s where they are active and helpful.” This is not the first time Lagarde has made the case for blockchain technology and digital currencies. In November, Largarde said that “cryptocurrencies such as Bitcoin, Ethereum, and Ripple are vying for a spot in the cashless world, constantly reinventing themselves in the hope of offering more stable value, and quicker, cheaper settlement.”

Article Produced By
The Daily Hodl

https://dailyhodl.com/2019/01/30/xrp-price-jumps-11-after-imf-praises-ripple-says-banks-will-be-cannibalized/

Ethereum Hackathon ETHDenver Partners With UNICEF on Blockchain Bounty System

Ethereum Hackathon ETHDenver Partners With UNICEF on Blockchain Bounty System

  

Upcoming Ethereum (ETH) hardware hackathon ETHDenver is partnering with UNICEF

on a blockchain bounty token system, according to a press release shared with Cointelegraph Jan. 31. The token aims to incentivize developers to create projects which promote social good, the press release notes.

ETHDenver — set to take place February 15-17 in Denver, Colorado — has partnered with UNICEF Ventures, UNICEF France and ETH startup Bounties Network on the prototype for what it calls a “positive action token,” the firm stated in the press release. While the token is yet to have a name — indeed, its creators are appealing to ETHDenver attendees to contribute to finding one — it forms part of an incentivization program dubbed “The Impact Track.” As ETHDenver Diversity and Impact Steward Nick Rodrigues has outlined, the program encourages developers to think systematically about the positive social impact of a given piece of

technical innovation:

“For example, if someone had a project where they happened to develop a way to shard more efficiently which therefore required less energy consumption, they would be meeting a sustainable development goal.”

As a non-monetary, value-driven community coin, the token cannot be redeemed for fiat currency, as the organizers report. Instead, users can use their tokens to get early access to future UNICEF and Impact Track events, mentorship sessions, incubator-style support, and similar offerings. ETHDenver has also pitched the token as “digital public acknowledgement of positive actions.”

In a separate blog post published Jan. 30, ETHDenver and blockchain startup MakerDAO (MKR) — creator of the Ethereum-collateralized stablecoin Dai (DAI) — have also announced the creation of an ETHDenver pop-up token economy based on an ephemeral “localcoin.” Hackathon attendees will reportedly each be issued with a unique “xDai” wallet, which runs on their phone’s default web browser and is pre-loaded with the localcoin, dubbed “buffiDai.” The coin is pegged to the Dai and redeemable for food, drinks and activities at the event, the blog post reports.

As previously reported, the positive action token represents just one of UNICEF’s many forays into the blockchain space. Last month, the UNICEF Innovation Fund announced it would be investing $100,000 in six early stage and open-source blockchain companies working toward humanitarian goals. In February of last year, the organization appealed to PC gamers to use their computers to mine ETH and donate their earnings to a charity campaign for Syrian children.

Article Produced By
Marie Huillet

Marie Huillet is an independent filmmaker, with a background in journalism and publishing. Nomadic by nature, she’s lived in five different countries this decade. She’s fascinated by Blockchain technologies’ potential to reshape all aspects of our lives.

https://cointelegraph.com/news/ethereum-hackathon-ethdenver-partners-with-unicef-on-blockchain-bounty-system

 

UAE-Saudi Arabian Digital Currency ‘Aber’ to be Restricted to Select Banks at Start

UAE-Saudi Arabian Digital Currency 'Aber' to be Restricted to Select Banks at Start

  

The United Arab Emirates’ (UAE) central bank (UAECB)

and the Saudi Arabian Monetary Authority (SAMA) have announced that the interbank digital currency they are co-developing will be called “Aber.” The news was reported by the national Saudi Press Agency on Jan. 29.

A joint statement from the banks has reportedly outlined that the use of Aber will be limited to financial settlements using distributed ledger technologies (DLT) “on a probational basis and [for] exclusive use by a limited number of banks in the two countries.” While news of the two countries’ plans for a digital currency for cross-border interbank settlement has previously been reported, this appears to be the first official indication of the currency’s name and initial circulation scope.

The banks clarified that the currency’s issuance falls within a proof-of-concept framework, aimed at:

“[…] studying the dimensions of modern technologies and their feasibility through practical application and the determination of their impact on the improvement and the reduction of remittances costs and the assessment of technical risks and how to deal with them.”

The statement did not determine an official launch date for the currency’s pilot issuance, but outlined that it would initially be focused on technical aspects. The announcement also reported that if “no technical obstacles are encountered, economic and legal requirements for future uses will be considered.”‏

The two countries said bilateral issuance is important as they consider that while national central systems for remittances and domestic transactions have proved their solidity to date, some aspects of international remittances require further development. The Aber project aims to ascertain whether a digital currency could be supportive of this development, the

statement adding:

“The project will also enable considering the possibility of using the system as an additional reserve system for [a] domestic central payments settlement system in case of their disruption for any reason.”

Issuance of Aber reportedly forms part of a seven-point bilateral cooperation plan between UAE and the Kingdom of Saudi Arabia, negotiated in a meeting of the Executive Committee of the Saudi-Emirati Co-ordination Council Jan. 17. As reported, the UAE is looking to join the list of leading destinations for blockchain firms in 2019 by establishing a new pro-crypto legal framework. In Saudi Arabia, customs authorities have recently concluded a pilot scheme linking their cross-border trade platform “FASAH” with IBM and Maersk’s “TradeLens” blockchain infrastructure.

Article Produced By
Marie Huillet

Marie Huillet is an independent filmmaker, with a background in journalism and publishing. Nomadic by nature, she’s lived in five different countries this decade. She’s fascinated by Blockchain technologies’ potential to reshape all aspects of our lives.

https://cointelegraph.com/news/iran-central-bank-will-consider-expert-input-before-enacting-crypto-regulations

NYSE Operator Partners With Blockstream to Launch Crypto Tracking Tool for Investors

NYSE Operator Partners With Blockstream to Launch Crypto Tracking Tool for Investors

  

The Intercontinental Exchange (ICE) has partnered

with major global blockchain firm Blockstream to launch its Cryptocurrency Data Feed product, as ICE Data Services tweeted on Jan. 24. Founded in 2000 in the United States, the Intercontinental Exchange is a global company that owns exchanges for financial commodity markets and operates 23 global exchanges, including the New York Stock Exchange (NYSE).

According to the announcement, ICE’s new crypto data service enables real-time and historical data for more than 60 cryptocurrencies from major trading markets and exchanges worldwide. Blockstream has introduced the product under the name “Crypto Feed V3” on its Twitter, claiming that the updated service now includes more than 30 venues across over 400 crypto and fiat trading pairs. The new partnership intends to provide global investors with a comprehensive tool to monitor data for the most actively and widely traded cryptocurrencies, the company wrote.

The Cryptocurrency Data Feed includes a number of crypto market monitoring services such as price discovery, historic data and full-depth market by price and by venue insight, as well as round-the-clock market overview including a calculated accumulated volume, the volume of weighted average price (VWAP) and others. In addition, the new service is backed by ICE’s Secure Financial Transaction Infrastructure (SFTI) tool, which claims to eliminate downtime for investors and enable immediate notifications in case of an emergency. ICE had previously announced its plans to launch Bakkt, regulated, global ecosystem for digital assets, in August 2018.

As reported on Dec. 31, 2018, ICE released an update to the launch timeline for Bakkt — which had previously been a targeted Jan. 24 launch date — in accordance with consultation with the Commodity Futures Trading Commission (CFTC). Recently, Bakkt has announced that they are hiring for a number of key positions at the company, mostly looking for developers at director and senior levels. Previously in mid-January, Bakkt had also acquired certain assets in futures commission merchant Rosenthal Collins Group.

Article Produced By
Helen Partz

Helen is passionate about learning languages, cultures and the Internet. She has years of experience working at international online advertising projects. Growing interested in Bitcoin and cryptocurrencies in late 2017, she joined Cointelegraph as a writer.

https://cointelegraph.com/news/bitcoin-skeptic-ex-starbucks-ceo-howard-schultz-considers-2020-presidential-run

Unconfirmed: Novogratz’s Galaxy Digital to Raise 250 Million to Offer Crypto Loans

Unconfirmed: Novogratz’s Galaxy Digital to Raise $250 Million to Offer Crypto Loans

  

Mike Novogratz’s crypto merchant bank Galaxy Digital

is reportedly raising at least $250 million to offer loans to crypto-related firms, according to an unconfirmed report published by American news site Business Insider on Jan. 23. Citing two unnamed people familiar with the matter, the news outlet claims that Galaxy Digital is purportedly planning to close the first fundraising round for its crypto credit fund in March. A Galaxy representative has reportedly declined to comment on the issue to Business Insider.

According to the article, Galaxy’s lenders will be able to get their loans by using crypto assets, real estate and crypto mining hardware as deposits. Two anonymous individuals also noted that Galaxy decided to launch its own fund after seeing an increased demand for crypto lending services from firms amidst the bear market in 2018. Founded by former Goldman Sachs partner Michael Novogratz, Galaxy Digital is already lending to crypto businesses using its own balance sheet, according to Business Insider.

The crypto merchant bank also led a $52 million fundraising round through its investment arm Galaxy Digital Ventures in order to fund the crypto-lending firm BlockFi in July 2018. Amid the aftermath of the crypto market collapse in 2018, many crypto and blockchain companies have faced financial trouble: for example, at least 340 such companies were dissolved or liquidated in 2018 in the United Kingdom, and China-based crypto mining giant Bitmain reportedly closed its Israeli center in December.

However, crypto-lending business have continued to grow. Launched in 2018, BlockFi’s crypto lending product has seen its revenues grown tenfold since June, as recently revealed by BlockFi  CEO Zac Prince. According to Business Insider, another crypto loans company, Salt Lending, issued $54 million in loans by the end of 2018, and is planning to expand its team by 25 percent this year. Recently, Novogratz — who is both Galaxy’s founder and CEO — has increased his shares of the company by up to 79.3 percent of ordinary shares assuming their conversion, which reportedly amounts to 221.2 million ordinary shares.

Article Produced By
Helen Partz

Helen is passionate about learning languages, cultures and the Internet. She has years of experience working at international online advertising projects. Growing interested in Bitcoin and cryptocurrencies in late 2017, she joined Cointelegraph as a writer.

https://cointelegraph.com/news/ceo-of-blockchain-media-company-poet-leaves-for-washington-post