Blockchain.info Acquires ClarkMoody’s RTBTC and its Bitcoin Trading Platform on Bloomberg TV

Many were tuning in to watch Bloomberg TV for the first time in their lives after Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term.info CEO yesterday tweeted

This is going to be an exciting week. Some big news dropping tomorrow @marketmakers @bloomberg @blockchain #bitcoin — Nic Cary (@niccary) March 3, 2014

Followed by this message from Bloomberg TV host Erik Schatzker today

We'll be talking to @blockchain CEO @niccary at 1100 ET. He promises news on #Bitcoin. Watch @BloombergTV. — Erik Schatzker (@ErikSchatzker) March 4, 2014

On the show Nic Cary announced that Blockchain has acquired RTBTC and its Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term, in an ‘all bitcoin’ purchase. While many may not know RTBTC, the platform is a product from the makers of the popular ClarkMoody bitcoin charts. Until the arrival of rivals such as BitcoinWisdom, ClarkMoody’s bitcoin chart was ‘the destination’ for viewing pricing, and also appeared as the chart of choice in Reuters video interview with MtGox CEO Mark Karpeles in their Tokyo office last year (on a side note, many thought it was strange that Karpeles was using 3rd party charts and wasn’t relying on company technology).

With the purchase, Blockchain is renaming the trading platform ZeroBlock, the name of the mobile bitcoin app the firm purchased last year. Going beyond charts, ZeroBlock is a front end bitcoin trading platform where users can connect to exchange APIs of their choice to view current price data, market depth, as well as place trades. ZeroBlock is also being marketed to exchanges as a front-end interface that can be offered to its clients. ZeroBlock is similar to BTX Trader which also provides users the ability to trade at multiple exchanges using its interface. However, unlike that product was was launched last year and is available for free, ZeroBlock is offered on a monthly $20 subscription. However, we would imagine that Blockchain may partner with exchanges to make the platform available for free in exchange for opening accounts and trading with them.

With the recent upheaval at MtGox, Blockchain has been rumored to be a possible acquirer of the troubled exchange. While not the news some had expected, today's deal does prove there were valid reasons to believe Blockchain was in the M&A game.