Here are some of your quick bites from the fast-paced world of crypto and blockchain.
Amazon & Blockchain
One of the world’s well renowned technological giants Amazon is offering two different services based on the revolutionary blockchain technology. Amazon Web Services is really looking into the prospect of utilizing this technology for some real-world application.
The two services that are offered by Amazon include Amazon Quantum Ledger Database, which is essentially an immutable ledger product with a centralized framework, and a decentralized trustless platform which goes by the name of Amazon Managed Blockchain.
The two services that are going to be provided by Amazon are already gaining a lot of interest from heavy industrial spearheads like Philips, DTCC, GE Aviation, Change Healthcare and some more.
Blockchain truly opens up a new world of possibilities. It was about time a company as big as Amazon started utilizing it for good.
Crypto Conversion & Coinbase
Coinbase is one of the biggest names in the cryptocurrency arena. The digital currency exchange is now providing another service to its retail customers, crypto-to-crypto trading.
A new feature that goes by the name of Coinbase Convert will now enable the users to trade bitcoin pairs. This feature of crypto-to-crypto trading is not efficiently available to a wider retail audience currently. Professional trading services use such pairs to get the advantage of the price fluctuations but retailers are more likely to use them for purposes oriented around utility.
This service can prove to be extremely useful if one wants to convert his BTC to some other token in order to interact with a dApp. This service seems to be pretty useful as it is one of the growing needs of the crypto world right now.
Nomics Raises Funds
Nomics, a startup focused on analyzing the data relating to crypto trading, recently secured $3 million dollars of funding in a Series A round. The funding round was led by Arthur Ventures and saw participation from other parties as well, such as Coinbase Ventures.
The project is aiming at indexing 95% of all the data linked to the trading of various crypto assets. The funding will be used by the company to staff up its team who can help it achieve its goal.
Talking to a news source, the co-founder and CEO of the project Clay Collins suggested that the project will be collecting the raw trading data, orderbook data, and all the on-chain data, which will then be made available to the investors and hedge funds through the company’s API.
SEE ALSO: IPO Troubles: Crypto & Blockchain Recap -18th December 2018
