Connect with us


Blockchain Platform Initially Developed in Japan Reaches Development Milestone



Hyperledger Iroha V1.0 has been certified as a production-ready Hyperledger platform, offers simple implementation, advanced permission model, privacy and user protection features

​Soramitsu Co., Ltd., a FinTech company developing blockchain and related solutions with the open source community, announces a new development milestone.

Hyperledger Iroha — an open source DLT platform that is a part of Hyperledger Greenhouse — was initially developed by Soramitsu Co., Ltd. (Co-CEOs: Ryu Okada and Makoto Takemiya, Headquarters: Shibuya-ku, Tokyo, hereinafter “Soramitsu”), which is a key contributor to Hyperledger Iroha’s development, end-user applications and community.

Now, Hyperledger, a global open source collaborative hosted by the Linux Foundation, has released a production-ready version V1.0 of the Hyperledger Iroha blockchain framework!

To achieve the 1.0 release, Hyperledger Iroha passed various tests, such as security, stability and durability audits, as part of the open development and open governance requirements of Hyperledger, a collaborative with more than 270 members that was created to advance cross-industry blockchain technologies. As a result, the blockchain platform originally developed in Japan, Hyperledger Iroha, is now the fourth active Hyperledger project to reach 1.0, following Hyperledger Fabric, Hyperledger Sawtooth, and Hyperledger Indy.

Hyperledger Iroha is designed to allow developers to implement applications using blockchain in a simple way, yet powerful features such as digital asset management, multiple signature accounts and a role-based permission model provide the tools to realize complex, real-world use cases. Hyperledger Iroha is being used by financial institutions such as the Moscow Stock Exchange Group’s National Settlement Depository, the Slovenian CSD, KDD, and the National Bank of Cambodia to build real-world, production applications. Additionally, a multitude of proof-of-concept applications have been developed for many institutions, including major banks in Japan and Indonesia, Sompo Holdings, Aioi Nissay Dowa Insurance, and Rakuten Securities, among others.

Hyperledger Iroha is already gaining traction, as Alexander Yakovlev from Moscow Exchange Group’s National Settlement Depository, states: “We looked for a solution that fits our requirements and is 100% open-sourced and oriented for the specific needs of our task. Features, such as Iroha’s account management and supportive community, in addition to Soramitsu’s KYC application, were key factors in our decision to use Hyperledger Iroha for D3 Ledger. Iroha’s existing adoption in several countries, and the practical use case with the Cambodian central bank, were additional benefits.”

Soramitsu is using Hyperledger Iroha to build innovative, new products, such as its Sora Identity KYC and user verification application, to help financial institutions with regulatory compliance, its Sora Pay application for global-interbank payments, and the Sora decentralized autonomous economy, based around the XOR token.

Soramitsu is confident that, with the release of the production version of Hyperledger Iroha V1.0, it can be a leader in blockchain commercialization, both in Japan and worldwide. With the aim of being an open-source software global leader, Soramitsu will continue to collaborate with other Hyperledger consortium members around the world to further the development of Hyperledger Iroha.

[About Blockchain Technology]

Blockchain (distributed ledger technology) forms the basis of distributed applications and can be used to safely execute generation, transmission, and reception of digital currencies and assets on a network, without relying on a central authority. By using blockchains, it is possible to build systems that are robust against cyberattacks, censorship, and falsification of data.

In particular, the Hyperledger Iroha blockchain is characterized by its modular, command-driven architecture, that allows developers to create complex business logic, without writing custom code to execute on the blockchain. This can be useful in creating mobile and web applications for digital asset management, as well as performing applications that require a decentralized digital identity.

[About Soramitsu] 

Soramitsu Co., Ltd. (co-CEOs: Ryu Okada and Makoto Takemiya, Headquarters: Shibuya-ku, Tokyo; established in February 2016) initially developed the Hyperledger Iroha blockchain, which was adopted by the Hyperledger Project in October 2016. Soramitsu is a FinTech company developing blockchain and related solutions with the open source community, as well as enterprise applications for financial institutions. Soramitsu aims to develop a safe and convenient way to manage digital identity and digital assets using blockchain technology. Soramitsu is also working on the development of Sora (XOR), which is a utility token at the heart of the Sora decentralized autonomous economic system. Soramitsu Co., Ltd.

[Related websites]

Soramitsu Corporation:

Soramitsu’s Iroha portal:

Sora (XOR):

D3 Ledger:

Hyperledger Iroha site:

Hyperledger Iroha github:

[Contact us]

Makoto Takemiya

Soramitsu Co., Ltd.

Jingumae Tower Building 13F, 1-5-8 Jingumae, Shibuya-ku, Tokyo, JAPAN 150-0001

TEL: +81-(0)50-5235-1972

Source: Soramitsu Co., Ltd.

Like what you read? Give us one like or share it to your friends
original post…

Bitcoin News

Square CEO Jack Dorsey Says Bitcoin’s Lightning Is Coming to Cash App



A bitcoin scaling answer known as the lightning community would possibly quickly come to Square’s Cash App for cell bills.

Twitter and Square CEO Jack Dorsey, an investor within the bitcoin-oriented startup Lightning Labs, just lately introduced all through an interview with podcaster Stephan Livera that there are plans to combine the scaling generation with Square’s cell app.

“It’s not an ‘if,’ it’s more of a ‘when,’ and how do we make sure that we’re getting the speed that we need and the efficiency,” Dorsey told Livera, including:

“We don’t think it stops at buying and selling [bitcoin]. We do want to help make happen the currency aspect.”

A spokesman for Square didn’t reply to a request for remark.

Stepping again, in 2018 Cash App reportedly had 7 million per month energetic customers. On February 5, Dorsey joined a recreation known as the Lightning Torch the place every player provides just a little bitcoin to a fee, then passes it onto any individual on Twitter that they believe. That Twitter dialog used to be how Livera invited Dorsey to look as a visitor on his podcast. Now 175 people have participated in passing the virtual torch.

“The torch really went viral after Jack took it,” Lightning Labs CEO Elizabeth Stark advised CoinDesk by the use of textual content message, including:

“What I think was so powerful about the torch was that it showed how quickly Lightning enables you to send money, across the internet, anywhere around the world. We’re doing to money what the internet did to information.”

With regards to lightning options coming to Cash App, Stark looked as if it would verify Dorsey’s statements. “The podcast speaks for itself,” she advised CoinDesk.

Meanwhile, an impartial lightning fan named Sergio Abril has created the micropayments browser extension Lightning Tippin, which Stark in brief discussed at the podcast. Since it introduced in December, Abril advised CoinDesk that Tippin has garnered 3,111 customers with hundreds of invoices, facilitating kind of $7,466 value of bitcoin transactions.

“I’m excited to see more examples of people earning money with lightning as well,” Stark advised CoinDesk, referencing each Tippin and the lightning-powered freelance jobs web page LND Work.

Abril advised CoinDesk he would like it if Cash App built-in or interacted along with his fee mission and others adore it. However, Abril mentioned simplest time will inform how the cell app components into broader community experiments.

Speaking to how Dorsey’s Cash App performs into the rising lightning economic system, Abril added:

“They have the power to bring lightning to the masses and turn it mainstream, there is no doubt about it.”

Jack Dorsey symbol by the use of CoinDesk archives

Like what you learn? Give us one like or percentage it on your pals
original post…

Continue Reading

Bitcoin News

Crypto Upstart Reality Shares Files Semi Bitcoin ETF To The SEC



Reality Shares’ Product To Have 15% BTC At Maximum 

That’s proper people, but every other contender has entered the Bitcoin exchange-traded fund (ETF) fray. This time its Reality Shares, a blockchain-centric funding products and services supplier founded in California this is headed by way of leader government Eric Ervin.

According to The Block, who broke the scoop on the subject material, the proposal, which relates to NYSE Arca, just lately filed to the U.S. Securities and Exchange Commission (SEC) isn’t like its brethren. In reality, it isn’t actually a full-Bitcoin fund, as a most of 15% of the fund’s property might be allotted to BTC, during the CBOE and CME futures to be actual, if the product is going are living.

Reality Shares is making plans for the remainder property to be allotted to sovereign debt tools denominated in fiat currencies just like the British Pound, Japanese Yen, Swiss Francs, along side cash marketplace mutual finances. Ervin defined his reasoning for this determination, which might give not unusual Joes and Jill good enough publicity to the flagship cryptocurrency, by way of declaring:

The SEC doesn’t wish to approve a complete blown crypto ETF however this boundaries publicity to 15%.

While this transfer is welcome, particularly bearing in mind the loss of U.S.-regulated, easily-accessible crypto-related funding choices, some could also be disconcerted by way of the truth that Reality Shares would possibly come to a decision to stave clear of allocating their finances to bodily BTC. This is because of the truth that CBOE’s and CME’s Bitcoin choices are recently cash-settled, thus making the California funding upstart’s attainable Bitcoin allocation paper, no longer bodily.

Bitcoin ETF Hype Continues 

The submitting of Reality Shares’ proposed car comes amid a persevered hype surrounding Bitcoin ETFs and merchandise of an identical caliber.

Interestingly, the aforementioned proposal is the second one semi-Bitcoin ETF to be filed in a month’s time.

Per MarketWatch, Wilshire Phoenix, a New York-headquartered funding control workforce, submitted an S-1 submitting with the SEC closing month. The submitting purportedly relates to a crypto-backed product, curiously named the United States Bitcoin and Treasury Investment Trust. Unlike advised cars from VanEck and its companions, Wilshire’s believe will dangle positions in no longer most effective BTC however momentary U.S. Treasury expenses and American greenbacks too.

The SEC-filed file accentuated the truth that the believe isn’t supposed to at once emulate a capital allocation against Bitcoin. Instead, Wilshire sees the tool as some way for potential traders to achieve minimum, however enough publicity to the main cryptocurrency. The American funding company added that the car’s divergent nature would lower volatility, whilst additionally minimizing the shortcomings of buying, securing, and promoting Bitcoin.

While all that is neatly and just right, strides were made within the full-Bitcoin fund scene too. As reported by way of Ethereum World News previously, San Francisco-based Bitwise Asset Management published an ETF that may observe its in-house Bitcoin Total Return Index, which purportedly “captures the full value of an investment in BTC.”

The CBOE, VanEck, and SolidX additionally resubmitted its joint proposal to the SEC after months of tumult.

And the proposals’ potentialities have begun to appear up, particularly as Hester Peirce, a commissioner on the monetary regulator, has expressed kindness and leniency against the cryptosphere. But will she be capable to persuade her fellow commissioners?

Title Image Courtesy of Bruno Van Der Kraan Via Unsplash

Like what you learn? Give us one like or percentage it in your buddies
original post…

Continue Reading

Bitcoin News

Could Tesla CEO Elon Musk be Next in Line for Bitcoin’s Lightning Torch?




From Twitter founder Jack Dorsey to crypto billionaires, the Lightning Network torch remains to be a factor on social media. It maximum not too long ago discovered its method into the palms of Binance CEO Changpeng Zhao. Zhao, like many within the Bitcoin group, want to see Tesla CEO Elon Musk clutch the torch subsequent.

Twitter Wants Elon Musk to Join Bitcoin’s Lightning Experiment

Litecoin writer Charlie Lee sought after it for himself, on the recommendation of Lightning Labs co-founder Elizabeth Stark.

He took the chance to indicate that many of us don’t appear to “want” the torch. is regularly creating as a website online and probably a motion. Every time we seek advice from it, the illusion has modified, and the checklist of people that’ve won the torch has grown longer. It now sports activities a meme gallery.

The contemporary Bitcoin price building up moved the worth of the torch (3.21 million satoshis) to about $116.

Will This Bitcoin Torch Be ‘Stolen’ More Often As It Grows in Value?

Binance’s Zhao clearly sees the worth of the Twitter recreation. Demonstrating the microtransactional probabilities of Lightning Network, the scaling answer for Bitcoin has so much to turn out after two forks of Bitcoin have viably created techniques the place the worth of a transaction is way decrease.

Other notable torch-bearers within the week-long experiment come with @Excellion or Samson Mow, the outspoken Blockstream Chief Strategy Officer. Mow as soon as spoke so fervently in prefer of Bitcoin Core that Gavin Andresen labeled both him and Gregory Maxwell “toxic trolls.”

In addition to Samson Mow, @aantonop or Andreas Antonopoulos prior to now took the torch and handed it to pseudonymous Peter Parker.

Interestingly, a couple of transactions within the checklist are marked as “steal,” “dup,” or “return.” Presumably, anyone who receives the torch and assists in keeping it has “stolen” it. If it’s despatched to anyone who has already won it, that’s a “dup” or replica. A “return” is what we may be expecting extra because the experiment grows in price and those who merely don’t have any pastime flip the transaction round.

For his phase, Elon Musk has no longer addressed the handfuls of frantic Lightning Network supporters tagging him on Twitter. As prior to now reported, Musk is deeply thinking about paintings at SpaceX at this time. The corporate is operating laborious to show issues round after large layoffs have been caused by way of a few of its extra “insane” analysis tasks.

Elon Musk Image from Shutterstock



Like what you learn? Give us one like or percentage it for your pals
original post…

Continue Reading

Bitcoin News

$370 Billion Asset Manger Janus Says US Stock Market is Careening Toward Recession




According to George Maris, the co-head of equities of Americas at Janus Henderson, an asset supervisor with $370 billion in AUM, a recession within the U.S. obviously stays a near-term chance, which might totally opposite the bullish development of the U.S. inventory marketplace.

“It’s [a U.S. recession] clear a near-term risk. If we can’t get trade negotiation results favorably, we’ve got weakening investment to look forward to. I mean there’s going to be a problem,” Maris said on Bloomberg Markets.

The Janus Henderson govt defined geopolitical dangers, home politics, and quite a lot of uncertainties surrounding the U.S. inventory marketplace because the core problems that can result in a full-blown recession within the close to long run.

Very Little Appetite to Get Things Done within the U.S., Stock Market Momentum in Decline?

Over the closing seven days, primary indexes within the U.S. inventory marketplace within the likes of the Dow Jones and the Nasdaq Composite have retraced following a powerful few weeks in January.

While some analysts have stated that the recent momentum of the Dow and its friends has satisfied retail buyers to spend money on the U.S. marketplace, elementary problems stay unchanged.

dow jones industrial average

The Dow has recovered, however the U.S. inventory marketplace continues to grapple with elementary issues that might stifle futures beneficial properties.

Primarily because of the home politics within the U.S. and the focus established on strengthening the southern border, Maris stated that the urge for food to transport ahead from each buyers and corporations has declined.

Maris famous:

“Given the political issues in the United States, there seems to be very little appetite to anything done, so it will be hard to get fiscal expansions, whether it is infrastructure-based or otherwise; tax cuts, etc. to happen is going to be unlikely.”

Considering the state of U.S. politics and the loss of vital growth within the U.S.-China trade talks, the Janus Henderson govt emphasised that dangers of recession will inevitably raise.

“So with that kind of uncertainty happening over the economy, you know recession risks are going to elevate,” he added.

The govt echoed the sentiment of Nobel Laureate Paul Krugman, who stated that the U.S. marketplace is in a worse position than it used to be 10 years in the past all through the Great Recession.

In the closing ten years, Maris defined that the ammunition or the choices of the central financial institution to stop a recession have declined, which will increase the likelihood of a recession within the upcoming years.

The Dow, S&P 500, and Nasdaq are recently ready at the end result of the U.S.-China business talks with low volatility and a reasonably top stage of steadiness.

If the U.S. will get a complete business deal completed by means of March 1, lots of the dangers concerned out there might be eradicated.

However, Maris warned that during a conceivable state of affairs through which a business deal isn’t completed, there exists an opportunity of a steep downturn out there.

He defined:

“If you get trade resolved, then you can start to see those risks diminish. I think what Paul Krugman was talking about was, in fact, there is less central bank ammunition to fight off any sort of recession or financial crisis that we had in 2008 and I think he is right with respect to that.”

Even If a Recession Occurs, It Won’t Be Anything Like the 2008 Financial Crisis

If a recession happens within the subsequent 12 months or two, Maris mentioned that it’s going to no longer mirror the disastrous affect the former 2008 monetary disaster had at the U.S. financial system.

The basics within the native financial system stay robust with employment rates and family balances sheets at document ranges.

“The actual fundamental elements of the economy are good,” the chief stated, including that even supposing a recession happens, the impact it would have at the U.S. marketplace is proscribed.

Featured Image from Shutterstock



Like what you learn? Give us one like or proportion it for your buddies
original post…

Continue Reading

Bitcoin News

TD Ameritrade Says US Stock Market Stability is Luring Investors, But Here’s Why the Dow Might Not Bounce Back




Throughout the previous two weeks, analysts have most often attributed the restoration of Dow Jones to technical elements, expressing skepticism towards the sustainability of the U.S. inventory marketplace rally.

This week, Shawn Cruz, a dealer technique supervisor at $30 billion brokerage large TD Ameritrade, stated that the sentiment within the U.S. inventory marketplace has progressed, particularly amongst fundamental-based traders.

“[Indicators of economic stability are] giving the more fundamental-based investors faith coming back into the market, which is then driving what technical traders are seeing on their screen,” Cruz stated, speaking to The Wall Street Journal.

Can the Dow Jones Rally?

Since December 24, the Dow Jones has initiated one of the spectacular turnarounds in recent times, improving from 21,782.2 issues to 25,411.52 issues inside lower than two months.

dow jones

The Dow has assembled a large restoration since its late-December lows, however it would now not proceed thru to a brand new all-time top.

The Dow Jones used to be prone to coming into a undergo marketplace in mid-December after the Nasdaq Composite recorded a 20 % drop from its all-time top and formally bought a undergo marketplace standing.

The fast expansion of the Dow Jones previously two months has led traders to query the standards of the motion of the U.S. inventory marketplace.

Apart from technical elements, maximum foremost elements reminiscent of geopolitical risks and weak earnings reports from primary conglomerates within the U.S. stay because the core problems for traders.

On February 4, CCN reported that Raymond Jones fastened source of revenue capital markets head Kevin Giddis stated the U.S. marketplace lacks stimulus to develop within the upcoming months.

“There is obviously a separation between where the equity market sees the world and where the bond market sees the world. We don’t know what’ll cause the next recession, but at the same time, you flip it to the other side and you don’t see much that’ll stimulate economic growth.”

In the ultimate seven days, the Dow Jones has retraced from 25,411.52 issues to 25,045.96. Currently, the Dow is prone to falling beneath the 25,000 stage.

To maintain the certain development of the U.S. inventory marketplace in contemporary weeks, Direxion Investments managing director Paul Brigandi stated that it is vital for the marketplace to take care of its momentum.

[embedded content] [embedded content]

Many traders are buying and selling according to sentiment and are allocating capital into the inventory marketplace once more as primary indexes started to get better.

“Momentum is a key component right now. A lot of people are jumping in to get on board,” he stated.

Investors Have to Consider Short-Term Stock Market Risks

Some analysts foresee a continual rally for the Dow Jones. But, others together with Morgan Stanley senior portfolio supervisor Andrew Slimmon worry for the vulnerable company income launched previously 30 days.

Apart from the oil business, which outperformed the expectancies of Wall Street following a decline in the cost of oil, maximum primary industries have struggled.

The monetary sector has carried out particularly poorly within the fourth quarter with maximum banks reducing again on their projected revenues.

Slimmon said:

“I’m worried. As much as companies look like they made fourth-quarter numbers, the 2019 estimates are dropping, and it strengthens my concern.”

With vulnerable company income, no important construction within the U.S.-China industry talks, and the declining euro-zone financial system, the U.S. marketplace is also prone to experiencing a non permanent development reversal.

As emphasised via TD Ameritrade strategist Shawn Cruz and Direcixion investments govt Paul Brigandi, momentum is an important for the U.S. inventory marketplace.

If the Dow Jones fails to maintain balance above the 25,000 stage, a chance of an extra decline may just accentuate and tremendously modify the present sentiment available in the market which stays certain to this date.

In the non permanent, massive volatility within the U.S. marketplace is anticipated, however analysts stay unsure whether or not that might imply a rally to dance again from this week’s losses or an extra drop to December ranges.

Featured Image from Shutterstock



Like what you learn? Give us one like or percentage it for your pals
original post…

Continue Reading

Recent Posts

Copyright © 2019 The Crypto Report