Market Analysis Report (15 May 2018)

Ripple Launches Venture Capital Fund ‘Xpring’

Ripple has announced a new project called “Xpring” to provide financial backing to companies that develop products and services for Ripple (XRP). With this new project Ripple plans to invest and provide grants to companies that make use of their cryptocurrency and the XRP ledger. Ripple’s team stated:

As a major contributor to the XRP Ledger codebase and large holder of XRP, we often hear from entrepreneurs and developers that they’d like support in one form or another to help them with their XRP-related projects. As one of the few blockchain companies with traction for a non-speculative use case, we feel we’re uniquely positioned to support entrepreneurs in a meaningful way.”

Read more here

CME Group Paves Way for Ethereum Futures with New Pricing Index

Yesterday, the Chicago Mercantile Exchange (CME Group) announced that it has partnered with the UK startup Crypto Facilities to create an Ether Reference Rate and Ether Real-Time Index. According to an official CME group announcement, the new feature will provide a standardized reference rate and spot price index. The CME Group’s Managing Director, Tim McCourt said:

The Ether Reference Rate and Real-Time Index are designed to meet the evolving needs of this marketplace. Providing price transparency and a credible price reference source is a key development for users of Ethereum.”

Read more here

Deloitte Veterans Are Launching a Tokenized Blockchain

Yesterday, former members of Deloitte’s blockchain team have announced that they are joining the startup Citizens Reserve to produce a tokenized blockchain protocol for the supply chain system. In accordance with former Delloite’s global blockchain leader, Eric Piscini, the protocol will be built on top of existing blockchains like Quorum and Ethereum to create a technology that can match orders and track provenance on a supply chain that operates on a consortium model.

Read more here

CryptoCompare – MJAC: London Blockchain Summit

CryptoCompare has teamed up with ADVFN and MJAC Disruptive Investment Conferences to create one of the biggest blockchain events to take place in the UK.

With over fifty leading companies exhibiting at the show, the one-day event will feature presentations and panels from major forces in the industry such as Ripple, Coinbase, Citi, BlockEx, Coinfloor and VanEck and will be followed by an after-show networking event.

Our users get an exclusive 40% discount by using the CRYPTOCOMPARE promo code at the checkout.

Read more here

Leave a Reply