A new quantitative analysis model launched in China

Once a new model of Beijing-based cryptocurrency exchange Huobi has been recently released, it immediately caught the attention of exchange analytics who are analysing its efficiency at the global market.
23 June 2017   1067

A Going by notable views at the moment,Huobi,  the First “Big Three” Chinese Exchange, has  successfully rolled out a new quantitative analysis model that may be a breakthrough  after a long-lasting freeze in China's bitcoin exchange world due to its visible at the first sight advantages such as different blockchain-based currencies and a bunch of variables.

Named SMARTChain, this promising data model is designed with support from academics of Tsinghua University. It’s eventually based on five variables for the analysis:

Blockchain

Distributed database that is used to maintain a continuously growing list of records, called blocks

  • a blockchain relevance for real-life applications;
  • its public and media attention; its trading volume;
  • its credibility and risk for inflation;
  • its technological design.

The Huobi Blockchain Research Center assumes that this high-potential model assigns scores to each blockchain in order to generate a final top-10 ranking.

The points of the world's largest cryptocurrencies  Bitcoin, Ethereum and Litecoin would respectively reach up to  88.07, 70.67 and 69.62. As for Ripple and Ethereum Classic, they could turn out to be the  fourth and fifth.

According to the tool's creators, the scores draw an approximate representation how much potential these cryptocurrencies have as a long-term investment.Interestingly, these three top tokens could also be traded along with Litecoin and Bitcoin.

Although the SMARTChain has just been launched, it is not yet certain whether this model is a robust, on-premise solution.

Facebook to Launch GlobalCoin in 2020, BCC Says

Facebook consults with representatives of the US Treasury Department and Bank of England  about regulating the initiative named Libra
24 May 2019   43

Operator of the world's largest social network Facebook Inc. will launch a new payment network based on its own cryptocurrency in the “dozen countries” in the first quarter of 2020, the BBC reports.

The publication claims that Facebook consults with representatives of the US Treasury Department and Bank of England Governor Mark Carney about regulating the initiative, code-named Libra.

At the same time, the Financial Times reported that Facebook is already in talks about listing GlobalCoin on the American exchanges Gemini and Coinbase. 

Sources of the publication said that Facebook is discussing with the trading firms Jump and DRW the prospects of market-making and liquidity.

Previously, the media claimed that the company is also in talks to support the initiative with Western Union, Visa and Mastercard.

Testing the network is supposedly scheduled for the third quarter of this year.

On May 2, Facebook registered Libra Networks in Geneva, Switzerland. Its profile involves the development of infrastructure and software, in particular, related to investment activities, payment transactions, financing, identity management, data analysis, Big Data, blockchain and other technologies.