New address format for Bitcoin Cash released

BitcoinABC releases new software with new CashAddr address format
16 January 2018   664

Today BitcoinABC released a new version of their software with implementation of CashAddr format. What is it and how does it work?

First of all, no it's not a fork, neither soft, nor hard, and not a new protocol. And no, there will be no change in users' public or private keys. So, with that out of the way, let's look at what did change.

If you have ever seen Bitcoin or Bitcoin Cash address, you now hw it looks like – just a sequence of numbers and letters. The new address format is just a different encoding variety, to lessen the confusion between BTC an BCH. The new Bitcoin Cash address will look like that

bitcoincash:qpm2qsznhks23z7629mms6s4cwef74vcwvy22gdx6a

Notice the bitcoincash prefix. That's the whole point. While it's always there, but previously may have been omitted or missing entirely, now it's an integral part of the address. While you can still use the old address format in your transactions, the developers strongly encourage users to utilize the new format, even providing the links tools for converting “legacy” to a new CashAddr style addresses, like https://cashaddr.bitcoincash.org/

Please remember to use only trusted tools, so there will be less chance to get a scam address instead of the target one.

And upgrade your wallet, most of the services will implement the changes quite fast, but it can be prudent to alert the devs about a new format, so the transition will be smoother and faster.

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   177

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.