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Wolfram Mathematica to add MultiChain integration

Bringing blockchains to the world of science and engineering Today we’re delighted to jointly announce a collaboration with Wolfram Research, the industry-leading company behind the Mathematica platform and the Wolfram|Alpha answer engine. Over the coming year, MultiChain will be integrated into the Wolfram Language and across Wolfram’s line of products. For example, Mathematica users will… Read more »

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Bringing blockchains to the world of science and engineering

Today we’re delighted to jointly announce a collaboration with Wolfram Research, the industry-leading company behind the Mathematica platform and the Wolfram|Alpha answer engine. Over the coming year, MultiChain will be integrated into the Wolfram Language and across Wolfram’s line of products. For example, Mathematica users will be able to store and retrieve data in a zero-configuration private blockchain deployed in the Wolfram Cloud, in their own blockchain running on local MultiChain nodes, or in a chain which combines nodes from both.

We’re particularly pleased with this collaboration because it demonstrates our long-running view that, as a technology, blockchains are in no way specific to the finance sector. The perceived association between banks and blockchains is an accident of history, stemming from the fact that most public blockchains, like bitcoin, happen to enable a new type of money. By contrast, private or permissioned blockchains are a shared database technology, allowing a set of participants or organizations to safely collaborate on a database that crosses boundaries of trust.

Of course, banks work extensively with general-purpose databases such as Oracle or SQL Server, and the same will apply for blockchains as well. For example, MultiChain is already being used for dozens of projects in the finance sector. But it’s important to be clear: Blockchains embody a particular set of trade-offs compared to centralized databases, which make them suitable for some use cases and unsuitable for others. Quite rightly, many “distributed ledger” startups focused on specific problems in capital markets are not using blockchains at all.

As for MultiChain, we hope this will be the first of many collaborations enabling software platforms to offer a decentralized data layer to their users. We’re already working with several other companies to explore the possibility in depth. The underlying problem is this: How can multiple organizations ensure they agree on a developing set of facts, without giving control over those facts to a single party? Blockchains combine peer-to-peer networking, public key cryptography, consensus algorithms and a new transaction model, to provide a practical solution.

The full text of the joint press release is included below.


Wolfram to Integrate with MultiChain Blockchain Platform

March 8, 2017 – Wolfram Research and Coin Sciences Ltd today announced a collaboration in which Coin Sciences’ market-leading MultiChain blockchain platform will be made accessible from the Wolfram Language and across the Wolfram family of products, including the award-winning Mathematica. This will enable Wolfram Language users to write applications that make use of blockchain functionality.

“A blockchain is a decentralized ledger that has append-only memory,” said Christian Pasquel, Wolfram’s Development Team Lead. “This is a very simple concept, but it is a powerful building block that will enable a new class of computational applications—we expect everyone who uses the Wolfram Language will benefit from this simple yet powerful functionality.”

Initially, Wolfram will offer users direct access to a zero-configuration private blockchain, accessible in the Wolfram Cloud. Users will be able to create their own blockchain(s)—combining local nodes with those in the Wolfram Cloud, have it store and retrieve data and also expose information about that blockchain to other parties over the web.

“We’re delighted that Wolfram Research has chosen to integrate MultiChain functionality into their flagship product,” said Dr. Gideon Greenspan, founder and CEO of Coin Sciences Ltd. “We have always viewed blockchains as a general-purpose technology for creating peer-to-peer shared databases, so this integration with the Wolfram Language is a perfect fit. Despite the focus which blockchains have received in the finance sector, they are equally useful for decentralized data aggregation and collaboration in many other fields, such as science, engineering, economics and government.”

The integration with MultiChain is slated for release with a Wolfram Language version update later this year.

About Wolfram Research, Inc.

Wolfram is a powerhouse in technical innovation and has been defining the computational future for three decades. As the creator of Mathematica, Wolfram|Alpha and the Wolfram Language, Wolfram is the leader in developing technology and tools that inject sophisticated computation and knowledge into everything. Learn more at http://www.wolfram.com.

About Coin Sciences Ltd

Coin Sciences Ltd develops the popular MultiChain (http://www.multichain.com) blockchain platform. MultiChain includes features such as permissions management, native assets, data streams and simple configuration and deployment. It has been used successfully for blockchain projects in many of the world’s largest banks, consulting firms, financial technology and IT companies.

 

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Source: https://www.multichain.com/blog/2017/03/wolfram-mathematica-multichain-integration/

Blockchain

U.S. Treasury Targets Stablecoins in Latest Regulatory Risk Assessment

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As regulatory pressure mounts in the U.S., policymakers are putting stablecoins at the top of their agendas.

Citing “people familiar with the matter,” Bloomberg has reported that officials are crafting a policy framework set to be released in the coming weeks. Their primary concern is ensuring that investors can reliably move money in and out of tokens, it added.

The anonymous insiders are worried that a “fire-sale run on crypto assets could threaten financial stability and that certain stablecoins could scale up dangerously fast.”

Strengthening Regulatory Efforts

The Financial Stability Oversight Council is also preparing a formal review into whether stablecoins pose an economic threat.

The officials are focusing on how stablecoin transactions are processed and settled and whether market conditions have an impact, it added. Tomicah Tillemann, global head of policy at a crypto fund run by venture capital giant Andreessen Horowitz, commented:


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“It is significant and very consequential that we are witnessing early steps to create a regulatory framework around digital assets. That’s a big deal.”

The report, when released, will go to the President’s Working Group on Financial Markets. The body includes key agency heads such as Treasury Secretary Janet Yellen, Federal Reserve Chair Jerome Powell, and Securities and Exchange Commissioner Chair Gary Gensler.

In late July, Yellen called for urgency in regulating stablecoins after stating that they are not adequately supervised. Gary Gensler echoed the sentiment in early August, stating that regulators must act to protect investors from fraud.

Also, in late July, Acting Comptroller of the Currency, Michael Hsu, said regulators are looking into Tether’s commercial papers to see whether each USDT token was really backed by the equivalent of one U.S. dollar.

Tether has repeatedly issued assurances that its reserves are fully backed but has yet to produce a full independent audit.

Stablecoin Ecosystem Update

Tether remains the market leader with a current supply of 69.4 billion, according to the Tether Transparency report. This is close to the all-time high for USDT, which tapped 70 billion earlier this week.

Of that total, 36 billion or 51.8% is based on the Tron network, with 33.8 billion or 48.7% running on Ethereum. USDT supply has grown by 232% since the beginning of the year.

Rival stablecoin, USDC, from Circle currently has 29.3 billion in circulation after gaining 651% in terms of supply growth so far in 2021.

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Source: https://cryptopotato.com/u-s-treasury-targets-stablecoins-in-latest-regulatory-risk-assessment/

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Cardano, Chainlink, MATIC Price Analysis: 19 September

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Most altcoins in the market have been consolidating or recording losses over the last 24 hours. Cardano fell by 3% and inched closer to the support line of $2.20. Chainlink also depreciated by 5% and was trading closer to its three-week low price. Lastly, MATIC was seen moving closer to its one-week low price of $1.29 after registering a loss of 5% over the past day.

Cardano (ADA)

Cardano, Chainlink and MATIC Price Analysis: 19 September

ADA/USD, TradingView

Cardano lost 3% of its valuation over the last 24 hours. The altcoin was priced at $2.33. Over the last few days, ADA has been consolidating. The nearest support line for the coin stood at $2.20 and then at $1.72. 

On the four-hour 20-SMA the alt’s price was seen below it, indicating that the momentum belonged to the sellers. The Relative Strength Index was below the 50-mark. The Chaikin Money Flow also was seen below the half-line as capital inflows were low.

MACD witnessed a bearish crossover and flashed red bars on its histogram. If ADA moved on the upside, the first resistance mark stood at $2.49, toppling which it could retest $2.79. The other price ceiling stood at the multi-month high of $3.04. 

Chainlink (LINK)

Cardano, Chainlink and MATIC Price Analysis: 19 September

LINK/USD, TradingView

Chainlink was priced at $27.80 after it recorded a loss of 5% over the last 24 hours. LINK’s nearest price floor was at $27.78. Falling below which the coin could trade near its three-week low of $24.45. 

Parameters pointed towards negative price action. On the four-hour chart, LINK’s price was below the 20-SMA. This reading suggested price momentum was inclined towards the sellers. The Relative Strength Index was below the half-line.

Awesome Oscillator flashed red signal bars. MACD also displayed red bars on its histogram. On the flipside, once buying pressure revives, the altcoin could attempt to retest the $32.37 resistance mark and then revisit $35.83. 

Polygon (MATIC)

Cardano, Chainlink and MATIC Price Analysis: 19 September

MATIC/USD, TradingView

MATIC depreciated by 5% and was trading at $1.39. The altcoin’s immediate support line was at $1.29 which also is the one-week low price level. The other price floor was at its over a month-long low price point of $1.07. 

Bollinger Bands converged, indicating that price volatility would remain low over the upcoming trading sessions. MACD was bearish with red bars on its histogram. The Relative Strength Index was also seen below the half-line. 

MATIC’s movement on the upside could mean that the coin would meet with its first resistance at $1.42 and then at $1.54. Toppling over these levels, the coin could revisit its multi-month high of $1.76.

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Source: https://ambcrypto.com/cardano-chainlink-matic-price-analysis-19-september

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The Crypto Mining Fight in China Is Not Over

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It looks like China is still not done clamping down on the crypto mining space. Another region known as the Hebei province has agreed to comply with Beijing’s ruling that all crypto mining should be omitted from China’s workforce. The province is now claiming that the practice is illegal and must end within its borders no later than September 30.

China Is Still Kicking Miners Out

China shocked the world not too long ago when it decided that all crypto mining should cease. The idea was that energy used for crypto mining purposes was hazardous to the planet, and that it was setting humans on the wrong path. Thus, regulators stated that it was time to bring things to an official end.

What was most surprising about the ruling is that the country, at the time, was home to nearly 75 percent of the world’s total crypto mining operations. Thus, it stood to lose a lot of money and tax revenue by initiating the clampdown. In addition, the country is home to two of the world’s biggest developers and distributors of bitcoin mining equipment in Bitmain and Canaan Creative.

Nevertheless, China has moved forward in its decision. Many mining operators were forced to shut down their businesses and move elsewhere, and quite a few have popped up in countries such as Kazakhstan and in states like Texas and Florida. Both these regions in America have stated they are open to crypto mining projects given that they can potentially lead to healthier local and state economies, and they will create jobs for interested workers.

The Hebei province issued the following statement:

Cryptocurrency mining consumes an enormous amount of energy, which is against China’s ‘carbon neutral’ goal.

The arguments against crypto mining have become rather prominent in recent months. One of the most notable stemmed from Elon Musk, the South African entrepreneur behind billion-dollar companies such as SpaceX and Tesla. He stated early in the year that he was willing to permit bitcoin payments for electric vehicles. A few weeks later, however, he rescinded this decision, claiming that miners were not utilizing their energy correctly, and he could not condone bitcoin unless carbon emissions were brought down.

Too Much Bad Energy in the Air!

Another argument came from Kevin O’Leary of “Shark Tank” fame. The billionaire investor claimed that he would no longer be purchasing any BTC mined in China given that the country was not known to utilize green energy for mining purposes. China later took this issue to heart, it seems.

Starting in October of this year, bitcoin and crypto mining in China will be completely illegal. Regulators in the nation have stated that they will keep a close eye on the mining space and will work to punish all those who disobey the rules.

Tags: china, Crypto Mining, Hebei province
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Source: https://www.livebitcoinnews.com/the-crypto-mining-clampdown-in-china-is-not-over/>

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