Bloomberg Terminal now supports ETH, LTC and XRP

Let's try tp figure out, what stands behind adding of three altcoins to a proffesional traders service
15 December 2017   2418

Bloomberg Terminal, computer software system provided by the financial data vendor Bloomberg L.P. for professionals, now supports Litecoin, Ethereum and Ripple.

Bloomberg Terminals provides comfy access to Bloomberg Proffessional, through which users can monitor and analyze in real time the movement of the financial market, as well as being the place of trading on the electronic trading platform. It is also worth noting that it has monthly subscription model, starting from $2000 roughly. 

Traders at Bloomberg Terminal
Traders at Bloomberg Terminal

A representative of Bloomberg declined to comment on this event in a conversation with Fortune, but a source familiar with the situation claims that the new feature was added specifically for traders trading in foreign currency markets. He also said that data on the movements of the rates for his terminal Bloomberg draws from the Bitstamp exchange.

One of the reasons of this news can be the growth of overall cryptocurrency market cap especially Ripple (+210%, 7d), Ethereum (+47%, 7d) and Litecoin (+154%, 7d). 

AION to Unveil Future Plans

Foundation sold half the BTC and ETH, and it did it very well - at the beginning of this year
06 December 2018   174

The Aion Foundation, which is responsible for the development of the protocol of the same name and collected $ 23 million in Bitcoin and Ethereum on ICO in October last year, published a report in which it shared information about its financial operations. The report was prepared with the support of Deloitte, however, it cannot formally be considered an audit.

According to the Aion Foundation CEO Matthew Spoke, the foundation sold half the BTC and ETH, and it did it very well - at the beginning of this year. Having spent $ 10 million on launching its blockchain platform and opening offices in Canada, China and Barbados, the fund had assets of $ 14 million as of October 31 of this year, $ 5.8 million of which was placed in Fiat.

We’ve liquidated a decent amount of our bitcoin and eth that we raised as proceeds to make sure that we are stable in this type of period. As we continue to spend in our operations we’ll end up liquidating more bitcoin and eth over the course of the next few months.

Matt Spoke

CEO, Aion Foundation

The Aion protocol has already attracted active users, including the video game start-up ClanPlay, but Spoke claims that his company will continue to rely on hard currency.

The foundation has roughly 18 months of runway, Spock estimates, while developing his system to a level at which it can compete with centralized counterparts, such as Amazon Web Services, will take about five years. Aion expects to launch its first Java-based virtual  machine, thanks to which developers can use decentralized tools, by the second quarter of next year.

Spoke suggests that at this time his company will have to attract additional funding from cryptocurrency funds and accredited investors in exchange for their own tokens. His goal is to prevent the reduction of the team, which currently includes 61 people, and the operation of the Ethereum model of ConsenSys, a company sponsoring projects in its own ecosystem.

In the future, Aion intends to publish such reports on a quarterly basis and transfer data to the Messari network in order to increase the confidence of its tokens holders.