Intercontinental Exchange Launches Exchange-Rate Quotes

New service is called the Cryptocurrency Data Feed and will collect information from more than 15 crypto exchanges
19 January 2018   933

One of the largest financial companies of the world Intercontinental Exchange (ICE) announced a partnership with bitcoin startup Blockstream, which will result in the launch of quotations of leading cryptocurrency for professional traders. The Wall Street Journal reported it.

The new service is called the Cryptocurrency Data Feed and will collect information from more than 15 crypto exchanges, transferring it through a high-speed ICE data network in the same digital format used for electronic exchange trading. The information on the quotations of the cryptocurrency will then be integrated into the systems used by large banks, traders and asset managers.

The launch of the Cryptocurrency Data Feed is scheduled for March 2018, and according to the publication, the new tool will help attract the financial "heavyweights" to the risky but rapidly developing world of cryptocurrency.

In particular, it will include information about orders on the stock exchanges showing the level of interest in purchases and sales of cryptocurrency at a certain point in time. These data, respectively, can signal possible market movements. Quotations will be broadcast in real time, which will also create additional opportunities for arbitrage strategies.

As noted on the Blockstream website, at the moment, the following exchanges agreed to provide data:

  • Bitbank,
  • Bitfinex,
  • Bitmex,
  • Bitso,
  • Bitstamp,
  • BtcBox,
  • CEX,
  • Coinfloor,
  • Coincheck,
  • ItBit,
  • Gopax,
  • OKEx,
  • SurBTC (Buda),
  • The Rock Trading ,
  • Unocoin,
  • Vaultoro,
  • Zaif.

In the meantime, ICE Data Services president Lynn Martin said that crypto-currency quotes are launched in response to high demand from clients who are striving to better understand crypto-currencies and lack data. At the same time, she refused to name the companies that will become the most active users of the new service.

VeriBlock to Report on Mainnet Launch

VeriBlock believes their technology allows networks of other cryptocurrencies to use the bitcoin blockchain to counter the “51% attacks”
21 March 2019   79

Using the bitcoin blockchain to ensure the safety of altcoins, the VeriBlock project announced the launch of the main network. This is reported in a press release.

According to the developers, the VeriBlock technology allows networks of other cryptocurrencies to use the bitcoin blockchain to counter the “51% attacks”. The project is confident that this approach not only ensures the security of less popular networks, but also allows their developers to focus on innovation and functionality.

According to analysts of The Block, 25–45% of bitcoin transactions fall on VeriBlock. The VeriBlock network uses a consensus algorithm called Proof-of-Proof (PoP). The project seeks to ensure the safety of other blockchains by loading a snapshot of the altcoin registry into the BTC blockchain, using the OP_RETURN function and other methods to embed network state data.

The project’s website states that PoP allows altcoin networks to use the most protected Bitcoin blockchain with its Proof-of-Work algorithm.