Market Analysis Report

Segwit2x to Release New Code Today

Bloq co-founder, Jeff Garzik, has confirmed to Coindesk that new code is set to be released today following two weeks of Alpha testing. The release is supposed to address issues and comments raised in the initial version. Segwit2x is no stranger to controversy, as with most proffered solutions in the scaling debate, with accusations of not sticking to the protocols intended purpose by some, and others championing it a s a practical compromise. 

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LG Corda Blockchain 

LG have introduced a financial blockchain based on corda - the distributed ledger software built by R3. The permissioned blockchain will allow individual ratified companies the chance to trade between each other and share specific sets of information in what hopes to be a more efficient form of commerce. 

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ICO China Rumblings

Two Chinese exchanges have started to distance themselves from involvement in ICO's in China as worries of a PBoC backlash appear. Yunbi and BTC38 have both issued statements that look to reiterate their compliance with financial regulation. Unofficial public fundraising in China can lead to death sentences for both investors and fund raisers. 

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US Navy Blockchain 3-D Printers

The US Department of the Navy has revealed that it is using blockchain in conjunction with 3-D printing to securely share data in addition to helping secure the thread of design and production. The Naval Innovation Council Lieutenant Commander Jon McCarter wrote:

The ability to secure and securely share data throughout the manufacturing process (from design, prototyping, testing, production, and ultimately disposal) is critical to Additive Manufacturing and will form the foundation for future advanced manufacturing initiatives.

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