Barclays Can Open Crypto Trading Desk

Bank is gauging how interested clients of the bank would be in a crypto-specific trading desk
17 April 2018   374

Barclays, the second-largest bank in the U.K. by assets, is weighing the launch of a cryptocurrency trading desk. This is reported by Coindesk.

A source familiar with the situation told that the bank assesses how much its customers might be interested in such a proposal. 

At present, the bank does not have definite plans for trading crypto-currencies, the source said, adding that the majority, if not all banks are considering such a possibility.

The source added that Barclays is also evaluating the reasons for providing access to trading cryptocurrencies to all its customers, including institutional investors.

Barclays has no plans at this time to build a cryptocurrency trading desk. We constantly monitor developments in the digital currency space and will continue to have a dialog with our clients on their needs and intentions in this market going forward.
 

Andrew Smith

Spokesman, Barclays

Other banks have also previously addressed this issue, the most notable of which is probably Goldman Sachs. Rumors that Goldman could provide its clients with the opportunity to trade cryptocurrencies appeared in December, but a week later the bank's CEO Lloyd Blankfein dispelled them, although he did not rule out that in the future his company might reconsider its position.

Ethereum Scaling Solution Raiden to Launch Last Testnet

As noted by the developers, after implementing the new solution, the Ethereum network will be able to provide more than a million transactions per second
20 July 2018   137

On Thursday, July 19, at the Dappcon developer conference in Berlin, the last test network of Raiden for the Ethereum blockchain was launched, CoinDesk reports.

The release includes a minimal implementation of the scaling solution, which will allow the transfer of Ethereum tokens outside of the main blockchain. This is the last test phase before the introduction of technology into the core network of Ethereum.

It's the first step towards going to the mainnet. We really want people to really test this so we have a user interface, we have an API and we've created an open Github for everything they could find, so if we go hopefully bug-free on the mainnet.
 

Lefteris Karapetsas

Core Developer, Raiden

According to him, the new release represents an early implementation for the core network and contains a new rewritten code of smart contracts and payment channels that can be restored in case of unintended closure.

Also, Karapetsas urged developers to join the test network to help detect possible bugs, adding that a bounty program will be launched to encourage this activity.

The release date for the main network has not yet been assigned, but the developers intend to follow this earlier promise and launch Raiden this summer.

Karapetsas also promised to publish regular updates and code optimizations after the full release, adding that Raiden will complement other Ethereum scaling solutions that are currently being developed.

Raiden is essentially the payment channel network for ethereum, it's supposed to help us scale token transfers. The long term goal would be to have people use Raiden from a mobile device and be able to make off-chain token transfers just from their phone. That would be the long term vision, it would probably work in combination with various scaling solutions, sharding, plasma, a sort of hybrid.
 

Lefteris Karapetsas

Core Developer, Raiden

Raiden is developing from the 2015 and is written mostly on Python. The project is much like the Lightning Network. As noted by the developers, after implementing the new solution, the Ethereum network will be able to provide more than a million transactions per second.