Thomson Reuters is launching a cryptocurrency real-time rates data feed. The new service is expected to provide “reliable, real-time information” for six digital coins across major crypto exchanges. The stated goal is to encourage efficiency and transparency for cryptocurrency investors within the global market place.
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Six Cryptocurrencies Will Be Tracked
The new Cryptocurrency Real Time Rates are already accessible through a customized API interface on Thomson Reuters platform. The application is providing trading data from various crypto exchanges including and . More trading platforms will be added in the future, according to a Reuters report.
The announcement comes after a recent Thomson Reuters found that cryptocurrency trading by financial firms is likely increase this year. About 20% of 400 finance companies participating in the study are considering entering trading crypto assets within 12 months. That means that one in every five of the undisclosed businesses plans to establish direct contact with cryptocurrencies in 2018.
Pricing data for the real-time rates will cover six cryptocurrencies, not mentioned in the report. The launch of the service could be interpreted as an indication that Reuters is considering embracing the digital asset class on its own trading platforms. In December, the mass media and information giant (BCH) to Eikon. BCH became only the third cryptocurrency to list on the platform after bitcoin core (BTC) and ethereum.
The latest release comes after an announcement from CME Group which is launching a daily price benchmark for Ethereum, as reported by Finance Magnates. The service will be provided in partnership with the cryptocurrency trading platform Crypto Facilities.
Earlier this year, Thomson Reuters Corp. announced the launch of a new version of the Marketpsych Indices sentiment data feed, which includes analysis of bitcoin market sentiment. The service is provided in cooperation with Marketpsych Data LLC, as in March. 400 news and social media sites, including many specific to cryptocurrencies, have been added to the feed. Each one of them is scanned and scored in real time to ascertain market-moving sentiments and themes.
Immense Growth Highlights Strong Momentum
According to Michael Go, head of FX Market Development for Asia Pacific at Thomson Reuters, the immense growth in the cryptocurrency market in the last decade highlights the strong momentum around the new technology and the tradable asset class. “Thomson Reuters Cryptocurrency Real Time Rates enhances our rate offering and helps create a transparent and efficient global marketplace, vital to the future stability of cryptocurrency trading to support the investor,” he commented.
“As the world’s largest cryptocurrency exchange, Bitflyer has made efforts to facilitate the development of cryptocurrency markets,” said Yuzo Kano, CEO and co-founder of the trading platform. He noted that Bitflyer is the first company to obtain license to trade cryptocurrencies in Japan, the US and Europe. “We are delighted to be able to provide valuable data to customers worldwide through Thomson Reuters,” Kano added.
President and representative director of Bitpoint, Genki Oda, also expressed satisfaction with the partnership on the real-time rates. “We are pleased to cooperate with Thomson Reuters in the further enhancement of its services and hope that our data will become a benchmark for the cryptocurrency industry as a global cryptocurrency trading exchange,” Oda said.
Do you think the introduction of services like the real-time crypto rates helps the adoption of cryptocurrencies? Share your opinions in the comments section below.
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Firmo, with early adopter Bancor, unveils its blockchain agnostic platform for cryptocurrency derivatives, to provide a secure infrastructure for anyone looking to write a smart financial contract
GIBRALTAR – May 2018 — , the company bringing financial contracts to the blockchain, is creating a new generation of financial crypto infrastructure with the launch of its contract engine and simple domain-specific language protocol. The simplicity of the Firmo language opens the door for people aside from coders to create safe and secure financial contracts on the blockchain.
Firmo, acting as an interface, provides all major blockchain platforms, exchanges, and liquidity networks such as early-adopter Bancor, the ability to construct automated derivatives that are enforceable without the need for trusted third parties. This opportunity is something that has not yet existed on the blockchain.
In traditional markets, the Over The Counter (OTC) Derivatives size has an estimated value of $542 trillion (as of end of June 2017), with the current blockchain landscape lacking the secure infrastructure to support these derivatives. Now imagine a marketplace where financial contracts are secure and enforceable without the need for a middleman, and are accessible to anyone. By enabling the crypto economy to add an additional layer of financial instruments, Firmo allows for a clear, non-standardized derivative for:
Security: Firmo’s Protocol, FirmoLang, is written in Haskell and formally verified with the Coq proof assistant, yielding the highest possible security standards.
Simplicity: Firmo developed ‘firmo languages,’ that can come naturally to anyone, not just professionals, looking to create a smart financial contract.
Straightforward Blockchain Agnostic: Firmo’s language is easy-to-translate and can be written on various blockchains.
The trade of crypto-assets is primarily transaction based and does not offer investors any opportunity to engage in long term deals. Firmo is closing this gap by providing an infrastructure that makes this possible while enabling the secure clearing and settlement of long short and long term financial arrangements.
“We created the Firmo Network to address the outdated multi-trillion dollar derivatives market by offering a solution for safe and secure financial contracts on any blockchain platform, for any blockchain user,” says Founder and CEO of Firmo, Dr. Omri Ross. “Our formally verified external language, FirmoLang, is compatible with any blockchain, and uses formal verification to make sure that fewer mistakes are made once financial assets are included. Building Domain Specific Languages is an issue that has been addressed by top players in the industry, and we are proud to contribute to that infrastructure.”
About:
Firmo was founded in 2017 by Omri Ross, assistant professor in Blockchain Technology at University of Copenhagen, and a PhD in financial mathematics from the University of Cambridge, with the intention of building the future infrastructure of crypto economy. Firmo’s domain specific language FirmoLang translates smart derivative contracts to any of the major blockchain platforms with an unmatched degree of safety and security, targeting both exchanges and financial platforms that are working with their customers to enable future types of products for them.
Leadership:
Omri Ross, Founder and CEO
The FERN protocol will tackle the scalability problem head on, and increase the security, integrity, and distributed control of blockchain networks
London – May, 2018 – , the leading blockchain applications development company, is announcing the launch of , its open protocol that’s confronting the greatest challenge facing blockchain technology today, scalability. The FERN protocol facilitates the provision and growth of private blockchain network, which are required to increase the number of participants that mutually contribute to the security, and integrity of any blockchain network.
Open public blockchains are relatively successful in supporting cryptocurrency networks, crypto token issuance, and offering smart contracts for business logic execution. However, they suffer scalability issues due to their full replication of activity across networked nodes. Furthermore, to overcome this and other issues, companies build, and run blockchain applications on private networks with a limited, small number of nodes, and centralized service integration. These blockchain private networks do not inherit the incentive schemes of the public blockchain networks, resulting in siloed networks that operate without the level of trust and security seen on the public blockchains.
With FERN, Applied Blockchain is creating a distributed protocol and marketplace where private networks will be able to access the independent nodes and oracle services they need to decentralize control and increase trust and security. Private networks deployed on the most popular platforms, including Ethereum and Hyperledger, will now be able to select proven, trusted, reliable, independent providers from the FERN marketplace, and connect and transact using the FERN smart contract protocol.
Additionally, the FERN marketplace will supply access to verified providers offering top tier distributed services, allowing networks to reduce centralized security dependencies, and vulnerabilities. This will be done through independent providers, and will offer multiple services to multiple applications, including additional nodes, key recovery, transparency, data storage and more.
In order to align incentives for private chains, Applied Blockchain is utilizing inter ledger technology, which enables token and data transfers between private networks, distributed services providers, and the public network.
“After building over 20 real world blockchain application solutions, including for some of the world’s biggest companies, we noticed that private network distribution, growth and trust are major issues,” says Adi Ben-Ari, CEO of Applied Blockchain. “We decided to build the FERN protocol for blockchain to reach its full potential, eliminating issues with scalability and private networks that should be addressed today.”
Applied Blockchain was listed by Gartner as a Global Top 20 Blockchain Development and Consulting Firm in 2017 and 2018.
About
About Applied Blockchain:
Applied Blockchain is a blockchain applications development company, focusing on distributed ledger technology and smart contracts. Applied Blockchain has an expert team of in-house blockchain developers that have been building solutions for three years. The team has built blockchain applications that are now live in production environments, being used by real customers.
The company founders each come with 20+ years experience of enterprise IT architecture, big data, AI, integration and solution delivery in telecoms and banking. Using this experience, Applied Blockchain builds solutions that incorporate platform independent components such as privacy, security and integration, independently audited by third parties, and ready for use by enterprise and start-ups that operate in regulated markets.
