Blockchains and Bagels Daily Market Roundup – 05.17.2018
Blockchains and Bagels: the morning market update to get you ready for the day ahead. Today, ConsenSys partners with Amazon to launch blockchain solution on AWS while DTCC announces blockchain platform for tracking trade information.
ConsenSys to partner with Amazon on blockchain services in the cloud
The two companies are working on a new startup called Kaleido to bring blockchain to AWS customers. The firm will offer an off-the-shelf blockchain solution to reduce the barriers to entry for new users.
France’s Minister of the Economy & Finance expresses support for digital currencies
Bruno Le Maire, the French Minister of the Economy & Finance, has reversed his views on digital assets expressing “total and determined support.” He admits he was less than enthusiastic a year ago, but is now advocating for France to become a hub of crypto innovation.
DTCC exploring a distributed ledger to update trade information warehouse
Robert Palatnick, Chief Technology Architect at DTCC, has confirmed the company will launch a distributed ledger platform to track trade information. Completion of the codebase is expected for the end of this quarter, data migration and testing is slated for the last quarter of 2018.
Study highlights Bitcoin’s growing energy consumption worldwide
A recent article estimates that Bitcoin’s worldwide network is currently consuming at least 2.55 gigawatts of electricity with the potential to reach 7.67 gigawatts. The figures presented are estimates from current miner numbers and mining equipment production figures. Economic models suggest that electricity consumption could reach the total energy usage of Austria.
Around the network
- Bitcoin’s true believers are still waiting on a conference-fueled rally
- Citing lack of regulation, Microsoft bans crypto ads
- Coinbase goes after Wall Street with new tools for investors
Through the headlines
- Tough negotiations as US-China trade talks kick off, but there’s scope for compromise
- Oil hits $80 a barrel on concerns about Iran supply
- Senate passes measure repealing changes to net neutrality rules
- U.K risks crashing out of EU without deal, Irish Premier says
- Italy’s populists drop debt write-off in plan for government
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