blockchainreporter
  • News
    • Altcoins
    • Bitcoin
    • Blockchain
    • Ethereum
    • Adoption
    • NFT
    • DeFi
    • Metaverse
  • Education
  • Glossary
  • Advertise
No Result
View All Result
Buy Crypto
blockchainreporter
  • News
    • Altcoins
    • Bitcoin
    • Blockchain
    • Ethereum
    • Adoption
    • NFT
    • DeFi
    • Metaverse
  • Education
  • Glossary
  • Advertise
No Result
View All Result
blockchainreporter
Buy Crypto
No Result
View All Result
  • bitcoinBitcoin(BTC)$29,508.00-0.74%
  • ethereumEthereum(ETH)$1,836.68-6.33%
  • binancecoinBNB(BNB)$310.19-5.08%
  • rippleXRP(XRP)$0.393776-2.97%
  • cardanoCardano(ADA)$0.484710-5.79%
  • SolanaSolana(SOL)$44.40-8.58%
  • dogecoinDogecoin(DOGE)$0.078876-5.63%
  • AvalancheAvalanche(AVAX)$24.36-11.49%

Blockstream beaten to the Punch on Liquid, Rival takes the Name and the .com

Max Clark by Max Clark
September 10, 2018
in blockchain news
0
Blockstream beaten to the Punch on Liquid, Rival takes the Name and the .com
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Blockstream’s in development high speed cross exchange trading platform Liquid hit a little snag this weekend when Tokyo based fintech company Quoine launched a similar product with the same name. Quoine also snagged liquid.com some time ago, virtually guaranteeing Blockstream will have to rebrand their own service.

About Blockstream

Blockstream, one of the true giants of the cryptocurrency world, and a main sponsor of Bitcoin Core, has long been working on ‘Liquid’; “Rapid, confidential, and secure bitcoin transfers to give traders the liquidity they are looking for”.

Through Liquid, Blockstream will offer the service of allowing traders to move between exchanges at high speeds, without waiting for the actual Bitcoin blockchain to confirm any new blocks.

Instead, users’ balance will be kept track of using a side chain. Future plans include support for multiple other currencies, but initially only BTC support will be available. Liquid is currently in early access.

Enter Quoine

Unfortunately for Blockstream, the Japanese fintech company and cryptocurrency exchange Quoine this weekend launched their latest service, a ‘one stop trading portal’ that allows users to take advantage of arbitrage opportunities, with automatic cross-exchange trades on the way.

The name of this new service – Liquid. And to go with their new service, Quoine long ago went ahead and registered liquid.com. The identical name for such a similar service can be seen as a snub against Blockstream, and would have been a challenge for the name and concept on its own, but by securing the .com address Quoine ensures that anyone looking around for the Blockstream project will stumble upon the already further-along rival project.

Any name recognition or advertisement by Blockstream will therefore help their rival as well, leaving Blockstream in a position where, most likely, they are going to have to change the name of their project, and forfeit much of the buzz they have created so far.

Nor did Quoine emerge out of thin air with this product. The Tokyo based fintech company is one of the first players to be approved by Japanese regulatory authorities as a legitimate cryptocurrency exchange, with its books open to the authorities and guaranteed compliance with financial best practices.

At the time of writing, the ‘Liquid’ exchange had a respectable $90 million daily volume – much less than Binance, but also quite a lot better than most, and enough to mark Quoine out as one of the more serious contenders in crypto trading platforms. All in all, this cannot have been a good weekend for Blockstream.

Tags: BlockstreamBTCCryptocurrencyLiquidQuoine
ShareTweet
Max Clark

Max Clark

Recommended For You

Terra Community Votes to Revive LUNA Cryptocurrency

by Eric Maina
May 26, 2022
0
LUNA

According to the data posted by Terra Station, 65% of the community, around 200 million votes, voted to go on with LUNA revival plan

Read more

Splinterlands (P2E) Says Its Validator Node Licenses Ready To Go For Sale

by Umair Younas
May 25, 2022
0
Splinterlands

Splinterlands, the most popular and top-rated game on the blockchain network, will sell Validator Node licenses on May 25, 2022

Read more

DeFi Protocol HAPI Partners With Chainalysis

by Eric Maina
May 25, 2022
0
Chainalysis HAPI

DeFi protocol HAPI partners Chainalysis. Companies are going to work on multiple fronts as HAPI seeks to evolve from being just a DeFi protocol

Read more

A Fruitful Collaboration On The Cards Between Parity and Klaytn Regarding Metaverse

by Umair Younas
May 25, 2022
0
Klaytn Metaverse

A modular public blockchain Klaytn made the announcement that it will work together with a blockchain company known as Parity

Read more

The Top 5 Crypto Derivatives Exchanges You Can’t Overlook In 2022

by Max Clark
May 24, 2022
0
Crypto

There are so many options to choose from, especially for multi-feature crypto derivatives exchanges, that most users often find it overwhelming

Read more
Next Post
TRON (TRX) Hire Former SEC Supervisory Attorney as their Compliance Officer

U.S. SEC Halts Exchange Traded Ether and Bitcoin Investment Tools

PARTNERS LIST

PRESS RELEASE

PARSIQ

PARSIQ Network Announce Strategic Partnership With GUMBALL 3000 Expansion Into Web3

by Max Clark
May 24, 2022
0

PARSIQ Network will support Gumball 3000's Web3 ambitions with blockchain data infrastructure and partner on the upcoming Supercar rally

IQ Protocol NFT

IQ Protocol Announces Strategic Partnership To Power GUMBALL 3000 NFT Ecosystem

by Max Clark
May 23, 2022
0

IQ Protocol is a long-term partner for Gumball 3000 NFT ventures and will be heavily involved in the North American...

Locus Chain Blockchain

Blockchain Veteran David Atkinson Joins ‘Locus Chain’ Project As An Advisor

by Josh Fernandez
May 16, 2022
0

The team behind the development of the next-generation blockchain, announced that David Atkinson has joined Locus Chain as an advisor

Guarda Wallet Adds Avalanche (AVAX) Support

Guarda Wallet Adds Avalanche (AVAX) Support

by Max Clark
April 15, 2022
0

The Avalanche coin is used in Guarda to create and manage wallets, as well as transmit and receive AVAX in...

BlockchainReporter is a trusted name in the cryptocurrency and blockchain technology news space, keeping its readers abreast of the latest and most significant trends in the industry.

Here at BlockchainReporter, our team of global writers is dedicated to providing price analysis on leading cryptocurrencies and covering the latest developments pertaining to bitcoin news, altcoins news, blockchain news, NFT news and cryptocurrency adoption news from around the world.

News

  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • Adoption
  • NFT
  • DeFi
  • Metaverse

Info

  • Education
  • Glossary
  • Market

Company

  • About Us
  • Terms & Conditions
  • Editorial Policy
  • Advertise
  • Sitemap
  • Contact

@2022 – Blockchainreporter.net. All Right Reserved. A Division of Strait Limited.

 
No Result
View All Result
  • News
    • Altcoins
    • Bitcoin
    • Blockchain
    • Ethereum
    • Adoption
    • NFT
    • DeFi
    • Metaverse
  • Education
  • Glossary
  • Advertise

@2022 - Blockchainreporter.net. All Right Reserved. A Division of Strait Limited.

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
Cookie SettingsAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT