CoinGeek to Invest $300K in Electron Cash Projects

CoinGeek.com has announced funding of up to $300,000 per year for Bitcoin Cash open source projects to be developed by the Electron Cash team
31 January 2018   578

CoinGeek, a cryptocurrency news site with a focus on the new Bitcoin Cash technology, has announced funding of up to USD $300,000 per year for Bitcoin Cash open source projects. The projects will be developed by the team of Electron Cash, which is an electronic wallet tailored for the BCH chain, and supported by nChain, the blockchain research & development specialist.

This new Electron Cash initiative comes hot on the heels of CoinGeek.com’s funding of another open source project, Terab. CoinGeek.com announced on Monday that it is funding of up to 3.6 million Euro to support Terab, an open source initiative that will solve a key technical issue to enable the Bitcoin Cash chain to massively scale to terabyte size blocks and 7 million transactions per second.

As it is reported on the CoinGeek website, the Electron Cash team and nChain will mutually agree on what software projects will be done under this initiative, including the development of:

  • Blinded threshold signatures in the Electron Cash wallet
  • A new ‘native’ version of the Electron Cash Android wallet
  • An iOS version of the Electron Cash wallet

This three-party initiative with Electron Cash, CoinGeek.com and nChain exemplifies the teamwork that is needed, with groups around the world, for Bitcoin Cash to succeed. We’re especially excited to work with the Electron Cash team to help realize implementations of some of our patent-pending inventions – such as blinded threshold signatures.
 

Jimmy Nguyen

nChain Group, CEO

At the moment of press, these are main market parameters of Bitcoin Cash:

Average price: $1 478,92
Marketcap: $25 055 529 883
24h volume: $852 233 000

Real Time Rates for 6 Cryptos launched by Thomson Reuters

Thomson Reuters is running a cryptocurrency real-time rates: the new service is expected to provide “reliable, real-time information” for 6 crypto coins
15 May 2018   179

The stated goal is to provide efficiency and clarity for investors within the world trading field. The new Cryptocurrency Real Time Rates are already available over a customized API interface on Thomson Reuters Eikon platform. The app is displaying a trading data from different crypto exchanges including Bitflyer and Bitpoint. Reuters affirms that more trading platforms would be added in the future. 

The announcement comes after a recent Thomson Reuters survey stated that crypto trading by financial firms is likely grow this year. Over 20% of 400 finance firms taking part in the study are deciding about the entering trading crypto assets within 1  year. That means that one in every five of the undisclosed businesses plans to set direct contact with cryptocurrencies in 2018.

Pricing data for the real-time rates will be stated for six cryptocurrencies, which were not mentioned in the report. The start of the service could reveal that Reuters is thinking about the entering the digital asset class on ‎its own market platforms. In December of 2017, the mass media added bitcoin cash (BCH) to Eikon. BCH became only the third cryptocurrency to list on the platform after bitcoin core (BTC) and ethereum. ‎

The latest release follows the announcement from CME Group which is running a daily price benchmark for ‎Ethereum, according to Financial Magnets. The service will be given in partnership with the platform Crypto Facilities.‎ Earlier this year, Thomson Reuters Corp. declared about the launch of a new version of the Marketpsych Indices sentiment data feed, which uses analysis of bitcoin market sentiment.