Komodo to Develop Atomic Swaps with New Partnerships

Komodo has announced its partnership with Populous platform and ValueNet Capital, a venture capital fund based in Beijing
27 March 2018   521

Komodo is a platform which is expanding into the blockchain network powered by Atomic Swap Technology. We should remind our readers that atomic swap is a feature in cryptocurrencies, that allows for the exchange of one cryptocurrency for another without the need for a trusted third party.

We have already shared some news regarding the implementation of atomic swap technology, for instance it was successfully used with Komodo and Bitcoin Cash in December 2017. And on March 26, 2018 the team at Populous have announced its partnership with Komodo decentralised platform. 

populous and komodo cooperationPopulous and Komodo Cooperation

As Ben Fairbank, the General Manager at Komodo stated, the platform believes that partnership with Populous will enhance their offerings with the introduction of Atomic swaps. This should be a nice example of the flexibility of the technology to work across platforms. The atomic swaps technology will enable participants to contribute in Populous’ gold liquidity pool.

What is more, on March 27, 2018 Komodo Platform has announced a strategic partnership agreement with ValueNet Capital, a venture capital fund based in Beijing. The cooperation will reportedly focus on decentralized initial coin offerings.

Valuenet capital and komodoKomodo and ValueNet Capital Cooperation

As it was stated on the official website of Komodo platform, the partnership agreement between Komodo Platform and ValueNet Capital is live from March 23, 2018 and is effective until both parties decide to terminate the agreement.

While ValueNet will provide risk assessment and strategic consulting, Komodo Platform will apply its technical expertise to ensure all dICOs are launched securely and successfully.
 

Komodo Platform Announcement

Moreover, on our website you can read about the Supernet migration from NXT over to Komodo Assets Chain.

Barclays to Freeze Crypto Trading Project

This is reported by two anonymous sources to Financial News London
15 October 2018   100

One of the largest UK bank Barclays has suspended work on its own crypto-trading project, Financial News reports citing two sources familiar with the situation.

Earlier this year, the bank gathered a high profile team to explore opportunities for cryptocurrency trading as part of its own business. However, according to one source, the initiative was “frozen”.

The former head of Barclays for energy trading, Chris Tyrer, who headed the “digital assets project,” left the bank in September after management decided to freeze the initiative.

Together with Tyrer, the macro-strategy in the field of foreign exchange and emerging markets was Marvin Barth, Senior Technical Specialist Lee Brain, and Consultant Matthew Jobb Duval.

Their task was to determine whether cryptocurrencies are an asset class with far-reaching prospects, whether Barclays customers are interested in them and what type of IT infrastructure will be needed to work with them, the source said.