Bitcoin 

Bitcoin’s Recent Surge Due its Maturation as an Asset

New data suggests that bitcoin’s (BTC) growth is explained by its maturation as an asset based on conversations surrounding the leading cryptocurrency, Bloomberg reported on May 15. Bloomberg cited a report from web intelligence platform Indexica, that developed an index based on natural language processing of textual documents in an effort to explain bitcoin’s recent surge. The research reportedly revealed three major drivers of the coin’s growth, including conversations surrounding bitcoin, fewer concerns about fraud and a shift in the sentiment of how people talk about bitcoin from the past…

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Bitcoin 

Bitcoin Won’t Become Trillion-Dollar Asset Without More Bubbles

The CEO of instant cryptocurrency exchange platform ShapeShift told Bloomberg TV on May 15 that bubbles are an essential part of the industry’s growth. Speaking in an interview, Erik Voorhees argued that the volatility seen in bitcoin (BTC) and altcoin markets over the years is a necessary phenomenon for a nascent asset. “There have to be bubbles in crypto because crypto is taking over the world, and it’s not just going to advance 5% per month without end,” he told the network. He then added: “If it did that, people…

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Blockchain 

Digital Asset Finance Firm BitGo Announces Off-Chain Clearance and Settlement Service

Digital asset finance firm BitGo announced the launch of its off-chain clearance and settlement service in a press release published on May 14. Per the announcement, the service will be available to clients of qualified custodian BitGo Trust Company, and assets are not moved from custody while reportedly allowing fast, compliant and secure settlement. The company explains that — since the funds never leave the custodian’s wallet — this method eliminates counterparty risk: “Until now, in a digital asset trade, one party needed to assume all of the risk and…

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Bitcoin 

Ampleforth Publishes Updated White Paper for Non-Correlated, Price-Stable Digital Asset

Ampleforth — the developer of a new synthetic commodity designed to diversify risk — has released an updated white paper for its digital asset protocol. The paper was shared with Cointelegraph in an email on May 13. Citing prior researchers, the white paper’s co-authors define a synthetic commodity as “money that has absolute scarcity but lacks non-monetary use value” — whose possibility was heralded by the innovation of blockchain technology back in 2008. According to the press release, the design for the Ample token — expected to be traded under…

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Bitcoin 

US SEC Issues Fresh Investor Alert Against Fraudulent Digital Asset Trading Sites

The United States Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have jointly issued an alert warning investors against fraudulent websites purporting to operate advisory and trading businesses. The alert, issued by the SEC’s Office of Investor Education and Advocacy and the CFTC’s Office of Customer Education and Outreach, was published on April 24. The warning states that staff from both agencies have recently observed crypto-related investment scams where bad actors are touting “digital asset or ‘cryptocurrency’ advisory and trading businesses,” in some cases claiming they…

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Blockchain 

Blockchain Firm Digital Asset Integrates Smart Contract Language With Hyperledger

Blockchain software firm Digital Asset will integrate their smart contract language DAML with Hyperledger Sawtooth, a modular platform for distributed ledgers. Digital Asset announced the development in a blog post on April 16. In the post, Digital Asset revealed that it has begun working with Hyperledger members, Blockchain Technology Partners (BTP), in order to integrate the Digital Asset Modeling Language (DAML) runtime with Hyperledger Sawtooth, which is a modular platform for building, deploying, and running distributed ledgers like blockchains. The company explained that a number of the Hyperledger Sawtooth characteristics…

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Blockchain 

Digital Asset Partners With Cloud Software Giant VMware

Digital Asset, the firm that created the DAML smart contract programming language, has partnered with major cloud computing company VMware, according to an announcement on April 11. According to the press release, Digital Asset will integrate its Digital Asset Modelling Language (DAML) on VMware’s blockchain platform. The development will purportedly “allow for broader reach and support as a combined offering.” Senior Director of Blockchain at VMware Michael DiPetrillo said: “DAML has been proven to be one of the few smart contract languages capable of modeling truly complex workflows at scale.”…

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Blockchain 

Blockchain Firm Digital Asset and ISDA Eye Smart Contract Use in Derivatives Trading

Distributed ledger technology (DLT) provider Digital Asset is collaborating with the International Swaps and Derivatives Association (ISDA) to develop a new tool that can support the use of smart contracts for derivatives trading. The news was revealed in an ISDA press release on April 9. The two parties’ collaboration focuses on creating interoperable technical solutions that advance standardization. According to the press release, this will allow for greater automation of derivatives trade management via the use of Digital Asset’s proprietary smart contract modelling language. Specifically, they will work together to…

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Blockchain 

BitGo Provides Custody and Wallets to Digital Asset Trading Platform LGO Markets

Blockchain security firm and wallet service BitGo has provided a newly launched digital asset trading platform, LGO Markets, with its custody and multi-signature wallets, according to a press release published Tuesday, April 9. LGO Markets, which is focused on institutional investors, will offer BitGo services for hedge funds, family offices and asset managers that are working with BitGo. Moreover, the clients of LGO Markets will be able to store their digital assets in BitGo Trust Company, regulated by the Division of Banking in the United States state of South Dakota.…

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Blockchain 

Blockchain Software Firm Digital Asset Open Sources its DAML Language

Blockchain software firm Digital Asset has open sourced its Digital Asset Modeling Language (DAML), the company announced on Twitter on April 4. Introduced in April 2016, DAML is an expressive language designed for financial institutions to model and execute agreements through distributed ledger technology (DLT). According to Digital Asset’s blog, DAML is similar to a smart contract language in many ways, but it is optimized for usage in a private execution environment rather than in an open execution environment. Staring now, the source code for the DAML language is freely…

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