Barclays is holding another hackathon to tackle the financial services industry’s perennial problem of systems that don’t talk to each other. Once again, blockchain will take center stage.
The second annual DerivHack 2019 will take place October 16-17 in Barclays’ Rise accelerator spaces in London and New York, sites of last year’s 48-hour coding marathon, and in the megabank’s Singapore office this time as well. The event is outgrowing its name, as equities and bonds will be added to the mix of financial instruments involved.
Native support for bitcoin cash is coming to HTC’s blockchain phone.
Today, HTC announced its partnership with Bitcoin.com to add bitcoin cash support for its Exodus 1 blockchain phone. The new function will come with Bitcoin.com’s preinstalled wallet and be rolled into the Exodus 1 software update. Bitcoin.com will also sell the Exodus 1 and all future versions.
On Thursday the fintech startup Fluidity will announce plans for the first ethereum-powered mortgages in California and New York, CoinDesk has learned.
Fluidity execs say the offering is slated for this summer, once all the licensing paperwork is finalized.
“We’ll tokenize the house, which will effectively take the collateral that is the equity of the house,” said Fluidity chief architect Todd Lippiatt. “You’re pledging the house and you get an advanced rate back in terms of dollars.”
- ETH price found support near the $164-165 area and bounced back against the US Dollar.
- The price broke the $168 and $169 resistance levels, and is currently gathering momentum.
- There is a breakout pattern forming with resistance at $172 on the hourly chart of ETH/USD (data feed via Kraken).
- The pair is likely to break the $172 resistance and climb towards the $176 and $180 resistance levels.
Ethereum price is gaining bullish momentum versus the US Dollar, following bitcoin price rise. ETH is now placed above $169 and it looks set for more gains towards the $180 level.
Read more https://www.newsbtc.com/2019/05/09/ethereum-eth-price-gaining-momentum-bitcoin-fresh-high/
At first glance, this week’s move by the investment bank Societe Generale to issue a security token-like bond in which it was both the issuer and the sole investor might seem like a pointless act. Not so much a peer-to-peer transaction; just a peer transaction.
But one element of the announcement suggests this was actually an important step in financial institutions’ sometimes fractious relationship with cryptocurrencies and blockchain technology. You see, Societe Generale’s $112 million bond issue used smart contracts built not a private, permissioned blockchain but on the public, permissionless ethereum blockchain.
Read more https://www.coindesk.com/societe-generales-work-with-public-ethereum-is-a-big-deal
French financial services giant Societe Generale Group has issued about $112 million worth of bonds in the form of a security token on the public ethereum blockchain.
Announced today, a subsidiary called Societe Generale SFH used the OFH token (obligations de financement de l’habitat, or home financing obligations) to represent 100 million euros of covered bonds, a type of security that is backed by specific assets but remains on the issuer’s balance sheet.
Read more https://www.coindesk.com/french-lender-societe-generale-issues-112-million-bond-on-ethereum
- ETH price traded to a new 2019 high near $188 and recently corrected lower against the US Dollar.
- The price corrected below the $180 level and tested the key $174-175 support area.
- There is a major bullish trend line in place with support at $174 on the hourly chart of ETH/USD (data feed via Kraken).
- The pair remains supported on dips and it is likely to test the $188 or even $190 level in the near term.
Read more https://www.newsbtc.com/2019/04/09/ethereum-eth-price-hesitates-but-further-gains-seem-likely/
Offchain Labs, a startup co-founded by a former Obama administration official, has raised a $3.7 million in seed funding.
The round was led by Pantera Capital and included participants such as Compound VC. Offchain Labs co-founder Ed Felten, a computer science professor at Princeton University and former deputy U.S. chief technology officer in the Obama White House, told CoinDesk his software-as-a-service (SaaS) startup will focus on “scaling smart contracts” for enterprise use cases.
Read more https://www.coindesk.com/former-obama-tech-officer-raises-3-7-million-for-blockchain-saas-startup
Non-cooperative game theory, the original and most widely used branch of game theory, assumes the absence of an external authority to enforce rules. Fundamentally, I claim that the Ethereum ledger constitutes an incorruptible, omnipresent, external overseer that no matter the game isalwaysavailable to enforce agreements among players. This implies that Ethereum, in theory, could turn any non-cooperative game into a cooperative (also called coalitional) game.
Read more https://medium.com/@virgilgr/ethereum-is-game-changing-technology-literally-d67e01a01cf8