Bitcoin Price Could Hit $15,000 This Year

Christopher Matta, Goldman Sachs

According to my estimates, the recent tx spam on the ETH network cost up to ~$15m USD

Vitalik Buterin

Calastone Will Switch Entire System to Blockchain

The global funds transaction network, has announced today it will shift its entire system to blockchain in May, a move that could slash costs for the sector by billions of dollars a year, Reuters reports.
Calastone’s network connects more than 1,300 financial service orga-nisations across 34 global markets processing over £80 billion of trades and 7 million messages each month, making it the largest global fund transaction network. Calastone has transformed the funds sector, enabling frictionless trading by making it possible for all trading entities and counterparties to connect, interact, process and settle transactions digitally.
As Reuters notes, the incumbent system requires three separate messages to be sent digitally between enterprises whenever they buy into a fund: the first to place an order, the second as a receipt, and the third to confirm the price. “The more you can automate, the more you de-risk, you more you streamline, the more you speed up,” Andrew Tomlinson, chief marketing officer at Calastone, told Reuters.
According to a Financial Times report on Sunday, Calastone, which provides services to over 1,700 firms including JP Morgan Asset Man-agement, estimates the plan could help the industry save up to £3.4 billion (or $4.3 billion) in fund distribution costs, excluding the U.S. market.

It is noteworthy that at the beginning of 2016, Calastone became one of the founding members of the Hyperledger project.