High-Frequency Trading Is Newest Battleground in Crypto Exchange Race

High-Frequency Trading Is Newest Battleground in Crypto Exchange Race

 

                               

The Takeaway

  • High-frequency trading (HFT), a longtime and controversial practice in traditional markets, is becoming commonplace in crypto, too.
  • Placing trading servers physically close to exchanges’ matching engines can win an edge on speed. This helps HFT firms make large profits in the legacy markets.
  • Crypto exchanges such as ErisX, Huobi and Gemini are trying to attract large algorithmic traders with colocation offers.
  • Demand for the service is high, but its benefits are a matter of debate, due to the structure of the crypto market.

A handful of cryptocurrency exchanges are rolling out the red carpet for high-frequency traders. Huobi, based in Singapore, and ErisX, in Chicago, have separately begun offering colocation, in which a client’s server is placed in the same facility or cloud as the exchange’s, officials at each exchange told CoinDesk. This allows those investors to execute trades up to a hundred times faster, giving them an edge over the rest of the market. These exchanges join Gemini, which was one of the first crypto firms to offer colocation at a popular data center in the New York area, and is about to expand the option to include a second site in Chicago. Notably, none of these exchanges charges for the service, seeing it as a way to differentiate themselves. “It’s our competitive advantage,” said Andrey Grachev, head of Huobi Russia, the exchange’s Moscow client office.

To be sure, such accommodations remain rare in crypto, which historically was dominated by individual traders and only recently began to draw interest from institutional investors such as hedge funds and family offices. But the exchanges’ moves are a sign that high-frequency trading (HFT), a longtime and controversial practice in traditional financial markets, is slowly entering the crypto sphere. And though “bots” have been present in crypto since the days of Mt. Gox, colocation takes algorithmic trading to a different level. Eric Wall, former crypto and blockchain lead at Cinnober, a financial technology company acquired by Nasdaq,

told CoinDesk:

“It’s big business, everyone I’ve been speaking to that runs an exchange mentioned being approached by Wall Street types with these kinds of requests.”

Most crypto exchanges are not ready to satisfy this demand, Wall said. These are “very new concepts to many retail-focused exchanges with no experience of the traditional world, it seems.”

800K trades a day

In the six months since Huobi opened its Russia office, around 50 clients have taken advantage of its colocation service by locating their servers in the same cloud and using the same domain name service (DNS) as the exchange, according to Grachev. The option allows these clients to make trades 70 to 100 times faster than other users, he said. “One of our clients makes about 800,000 trades a day, and there are more and more such clients.” Unlike many crypto exchanges that use cloud-based servers, ErisX has a hardware matching engine, located in the Equinix data center in Secaucus, New Jersey, said Matthew Trudeau, the exchange’s chief strategy officer.

The same facility houses the matching engines of a range of major traditional exchanges, brokers and trading firms, Trudeau told CoinDesk, so traders that colocated servers in the data center can connect to ErisX’s matching engine there. (The firm launched spot trading in several cryptocurrencies in April and recently obtained regulatory approval for futures.) Gemini, founded in 2014 by Cameron and Tyler Winklevoss, also houses its primary trading platform at Equinix and offers colocation there. The exchange plans to offer another colocation option soon in Equinix’s Chicago data center, where multiple stock exchanges — and their HFT customers — keep their hardware, according to Gemini’s website.

In a statement, Gemini’s managing director of operations Jeanine Hightower-Sellitto said the exchange “offers a variety of connectivity options to suit our customers’ needs. Each option is available to all of our customers free of charge.” Coinbase, the leading U.S. crypto exchange, almost entered the fray, but this year closed down its Chicago division that had been working on services for high-frequency traders, including colocation. At the time, the exchange cited its prioritization of other institutional services. The company declined to comment for this article. (Gemini, which just opened a Chicago office, hired some of Coinbase’s former employees there.)

Controversial practice

All of this invites the question of whether HFT, given its history on Wall Street, could exacerbate problems in the opaque and volatile crypto markets. As depicted in Michael Lewis’s book Flash Boys, algorithmic stock traders placed their servers in the physical vicinity of exchanges’ to execute trades faster than other investors and make profits on arbitrage between markets in fractions of a second. The issue with HFT, as explained by Lewis, is that in a market where some players can perform trades hundreds of times faster than ordinary users, they get an unfair advantage and leave ordinary, non-algorithmic traders with inferior price options.

Another problem with HFT, according to a 2011 report by the International Organization of Securities Commissions (IOSCO), is that it can dramatically increase volatility in markets. In particular, it contributed to the so-called Flash Crash on May 6, 2010, when the prices of many U.S. securities fell and recovered dramatically in minutes, exposing ordinary traders to a higher risk which they couldn’t manage as quickly as HFTs. High-speed trading has led to other technical glitches that cost companies hundreds of millions of dollars, the Federal Reserve Bank of Chicago wrote in 2012, noting that “some high-speed trading firms have equity ownership stakes in certain exchanges.”

Maturing market

However, ErisX’s Trudeau (who, it should be noted, was one of the early employees of stock exchange IEX, the heroes of Flash Boys) argued that high-frequency arbitrage and automated trading, in general, can benefit markets. They are helping to narrow the price spread between different exchanges over time and make markets more efficient – including the crypto market,

Trudeau said, explaining:

“This phenomenon has occurred in other asset classes as trading has become more electronic and more automated. Market makers and arbitrageurs are able to trade more efficiently, which improves price formation, price discovery and liquidity. Arbitrage opportunities may become fewer and more fleeting, which is a sign of a more efficient and maturing market.”

It’s important, however, to check if the exchanges and high-frequency traders strike deals with preferential terms which are not disclosed to the market, he noted. As for ErisX, it “offers transparent, standardized pricing and connectivity options for our customers. All customs are offered the same terms of access and fees,” Trudeau said. For its part, Huobi tries to make sure all users “compete on a level playing field,” said the exchange’s head of global sales and institutional business, Lester Li.

Li told CoinDesk:

“Our users know that we monitor for any abusive trading activity. We also continually remind users that there will always be risks when you trade, that is why we strongly recommend users to trade within their means and be mindful of the risks involved.”

Protecting retail

Still, other exchanges contacted by CoinDesk made a point of saying they don’t do anything special for algo traders. A smaller exchange tailored for institutional clients, LGO Markets, which launched earlier this year, took the opposite approach, deliberately slowing the trading process for everyone, according to CEO Hugo Renaudin.

Before getting matched, the orders are gathered into batches and the hash of every batch gets recorded in the bitcoin blockchain — each batch takes around 500 milliseconds to form, so this serves as a “speed bump” for trades, Renaudin said. As a result, “every trader has the same feedback on the activity of the platform.” Taking a similar stance, Kraken’s vice president of engineering, Steve Hunt, told CoinDesk the exchange doesn’t do anything differently for HFT customers.

“We want all customers regardless of size or scale to have equal access to our marketplace,” Hunt said. Binance, the world’s largest crypto exchange, is not considering offering colocation, account manager Anatoly Kondyakov told attendees of a recent “elite investor” meetup in Moscow. He gave two reasons. First, “we’re trying to protect retail customers,” Kondyakov said, answering a question from the audience. Second, colocation means an official presence in a particular jurisdiction, he said, which Binance is not willing to do at the moment. (Binance is known for its deft regulatory arbitrage.)

Too soon?

Still, others said the crypto market hasn’t caught up with the traditional financial world to the point where offering colocation services to HFT firms would make much sense. “Currently, the crypto market structure is still developing. HFT, in the context of equity and FX markets, does not really exist,” said Wilfred Daye, head of financial markets at San Francisco-based exchange OKCoin. Traders coming into crypto from the traditional markets do ask for colocation, he said, but “the ask is one-off, not a popular ask in crypto,” so OKCoin doesn’t offer this service.

David Weisberger, ?o-founder and CEO of market data platform Coinroutes, has another reason to be skeptical about HFT in crypto: this market is so much more dispersed and volatile that what works with stocks just won’t with bitcoin. The concept of HFT front-running is irrelevant in crypto, Weisberger said, where the prices vary between different exchanges much more than in

traditional markets:

“In futures or equities, with relatively large minimum quote variations, the bid offer spread is often stable with a lot of bids and offers at the same price. In that circumstance the fastest gets to be at the front of the queue whenever the price changes. Those orders at the front of the queue are profitable, while the ones at the back are not. In crypto, the tick size (price variation) is so small, it is easy to be ‘first’ by paying a slightly higher amount, so no need for incredible speed.”

Plus, crypto exchanges are so scattered around the world that there is no point in “being colocated to one exchange and still having to wait seconds for Binance to update,” Weisberger added. The reason there is demand for colocation at crypto exchanges, he concluded, is simply

human nature:

“People always fight the last war. People do what they are used to.”

Article Produced By
Anna Baydakova

Anna writes about blockchain projects and regulation with a special focus on Eastern Europe and Russia. She joined CoinDesk after years of writing for various Russian media, including the leading political outlet Novaya Gazeta. Anna owns a fraction of ETH.

https://www.coindesk.com/high-frequency-trading-is-new-battleground-in-crypto-exchange-race

LIQUIDATED Cryptopia Exchange Review 2019 Mini Guide

[LIQUIDATED] Cryptopia Exchange Review | 2019 Mini Guide

                                   

What is Cryptopia?

Designed to fill a gap the market needs, Cryptopia is a somewhat different cryptocurrency exchange. It allows users to buy and sell their assets, but, unlike various other exchanges where transactions are taken care of by the exchange itself, Crypto proposes a new model where users can trade among them directly.

How it works?

Not only that, but this all-in-one exchange/trading site also allows anyone to buy, sell, and trade almost any object, product, or service using cryptocurrency, including gift cards. Traders are provided with the option of buying altcoins at whatever prices are being offered by other traders on the platforms, and also sell them at any price just as easily. An important aspect that must be noted is the fact that currencies can be transferred between users free of charge. This transfer passes through Cryptopia and not along the blockchain. Users are also provided with the option of setting up auctions, where cryptocurrencies can be transferred for real items and services.

Exchange Features

Cryptopia is the successful platform it is today mostly thanks to its unique proposition it brings to the market, but also thanks to its large range of features designed to cater to all users’ needs and wants. One of the most interesting (and potentially innovative) features of Cryptopia is the platform’s
Marketplace. It’s the place where users can buy, sell, and trade anything for cryptocurrencies. The Arbitrage is a unique information section where you can see the prices of coins listed on other exchanges. This feature is very useful for newbie users who want to make sure that their
decisions are as informed as possible.

Coininfo is yet another useful feature that provides instant, up-to-date information regarding more than 500 coins supported by the platform. Users can view information such as ratings, connection numbers, wallet status, listing status, and block height.

Paytopia is a service (or product) offered directly by Cryptopia, and it includes a wide array of promotional tools to help users create compelling listings. A surprising feature of the platform is the Lottery. With it, you can participate and win daily and monthly prizes. Lastly, we have
Mineshaft which is Cryptopia’s mining platform. It’s designed to work with multiple cryptocurrencies, and it supports the very best and most popular miners on the market. Best of all, it supports GPU and CPU mining as well.

Exchange Fees

Generally, there are two kinds of fees associated with Cryptopia: exchange fees, and withdrawal fees. The first type of fees depends on which particular currency is being transferred, while the second only applies when withdrawing NZD from an account. When withdrawing cryptos from a
Cryptopia to your wallet, users will have to play a transaction fee as well. Still, overall, the fees are relatively low.

Is Cryptopia Safe & Secure?

Cryptopia is regarded as being a generally secure platform by most within the cryptosphere. Cryptopia does not distribute any personal information it collects from its users. The platform makes use of an HTTPS security certificate, as well as two-factor authentication. At the end of the day, the best proof that Cryptopia is a legit, safe, and secure platform is represented by a large number of users it has.

Conclusion

In a market over-saturated of cryptocurrency exchanges, it’s impressive that Cryptopia manages to set itself apart by coming up with a different proposition. This peer-to-peer, all-in-one exchange supports over 500 cryptocurrencies and allows users to send and receive cryptos from other users without any transfer fees. It also offers a wide range of products and services. On the flipside, without proper research, not all users can get good value out of its offers. Furthermore, more seasoned traders and investors will find the platform to be lacking advanced trading features.

Article Produced By
Stingaciu Erick
Stingaciu Erick

https://theccpress.com/cryptopia-exchange-review-2019-mini-guide/

Recognizing Blockchain’s Potential Some Politicians Now Calling For Crypto Bans

Recognizing Blockchain’s Potential, Some Politicians Now Calling For Crypto Bans

                          

For many years leaders around the world dismissed cryptocurrency as lacking

any true value or legitimate use. This attitude was due largely to a failure to understand, or respect, its revolutionary nature. Now that mass adoption is underway, crypto cannot be ignored, and voices are now emerging calling for it to be banned. Although misguided, this hostility clearly reflects the realization that blockchain technology will inevitably lead to a radical restructure of the global economic framework. In May, U.S. Congressman Brad Sherman (D-CA) called for an outright ban of cryptocurrencies in the United States. This is the second time Sherman has made such a proposition. Last July he called for a law making mining and trading illegal.

What is notable about Sherman’s anti-crypto stance is his premise that blockchain assets threaten to undermine the global hegemony of the U.S. Dollar by creating borderless, supranational money that cannot be tracked or regulated. In other words, Sherman dislikes crypto because he has come to recognize its true potential. Gone are the arguments that cryptocurrency is a scam, or a ponzi scheme. Now it is being taken seriously as a legitimate alternative to the fiats issued by central banks. It is worth noting that Sherman’s primary campaign donors include UBS and Royal Business Bank as well as credit card processor Allied Wallet.

Russian parliamentarian Nikolai Arafiev is another politician seeking to ban cryptocurrency largely due to its disruptive potential. A senior member of the Duma, Arafiev has stated that crypto has the potential to destroy Russia, largely because it enables assets to be moved outside of the country, and without any state oversight. Specifically, Arafiev has stated:

If cryptocurrency worked, we would be completely ruined today because all financial flows would be taken out of Russia. And Russia would end. Because cryptocurrencies were created to ensure that the state does not control the flow of capital.” These comments compliment those of Elina Sidorenko, a Duma official investigating crypto regulations, who earlier this year stated that Russia would not implement the digital currency for at least thirty years.

The harsh sentiments expressed by Sherman and Arafiev can also be found by leaders in other economically influential nations. Indian lawmakers, for example, are presently considering criminalizing crypto adoption with ten years in prison. At issue is, of course, the power held by states over how capital is created and used. The centralization of state-backed fiats in the 19th century, and the abandonment of the gold standard in the 1970s gave governments unprecedented authority to create wealth that has no backing by tangible assets.

The fact that global leaders are loathe to yield such significant power is not surprising. It is now clear that, for many, opposition to blockchain assets is rooted in the fact that they now understand just how powerful the technology is. Nevertheless, each passing day yields more evidence that fiat currencies will one day be replaced with this new form of wealth. Thus, rather than seek to criminalize it, these individuals would be better served respecting what it has to offer.

Article Produced By
Trevor Smith

https://www.crypto-news.net/recognizing-blockchains-potential-some-politicians-now-calling-for-crypto-bans/

Nasdaq Partners with CryptoCompare to Offer Institutions Access to Market-leading Cryptocurrency Data

Nasdaq Partners with CryptoCompare to Offer Institutions Access to Market-leading Cryptocurrency Data

                                

CryptoCompare has announced today the launch of a cryptocurrency pricing product,

the Nasdaq/CryptoCompare Aggregate Crypto Reference Prices, which will be available on the Quandl platform. LONDON, 11th June 2019 – CryptoCompare, the leading provider of cryptocurrency data and indices, and Nasdaq, a leading global provider of trading, clearing, exchange technology, listing, information and public company services, today announced a strategic partnership to launch a cryptocurrency pricing product, the Nasdaq/CryptoCompare Aggregate Crypto Reference Prices. The product will be made available on Quandl, a Nasdaq owned leading-edge data platform and the premier source for financial, economic and alternative datasets.

The new product will enable institutional investors to monitor the nascent digital asset class and assess investment opportunities using a trusted data source. The Nasdaq/CryptoCompare Aggregate Crypto Reference Prices will enhance institutional capabilities in the cryptocurrency markets across trading strategy, quantitative research, risk modelling, NAV calculations, and back-testing. Based on CryptoCompare’s aggregate index datasets, the product will provide minute-by-minute pricing data for the most liquid cryptocurrency markets.

Charles Hayter, Co-Founder and CEO of CryptoCompare, said:

“We are delighted to partner with Nasdaq on a joint Aggregate Crypto Reference Prices product. Reliable data is the bedrock of transparent, liquid markets and by bringing our high quality, granular dataset to a global institutional client base, via the Quandl platform, we will give traders and investors a competitive edge.”

CryptoCompare’s datasets – spanning cryptocurrency trade, order book, historical, social and blockchain data – are the most granular in the industry and include historical data since 2013. The company also offers a family of cryptocurrency indices, white-labelled indices, and bespoke data products. By aggregating and analysing tick data from more than 150 globally recognised exchanges, and regularly reviewing these to ensure data integrity, CryptoCompare provides a unique, reliable and comprehensive overview of the cryptocurrency markets.

About CryptoCompare

CryptoCompare is the leading provider of cryptocurrency data and indices. Institutional and retail investors rely on the company for real-time, high quality data spanning 5,800+ coins and 270,000+ currency pairs globally. By aggregating and analysing tick data from globally recognised exchanges and seamlessly integrating multiple datasets, CryptoCompare provides a comprehensive, granular overview of the cryptocurrency market across trade, order book, historical, social and blockchain data. CryptoCompare is at the forefront of industry efforts to provide definitive datasets that can be relied on to make investment decisions. The company adheres to rigorous standards to safeguard data integrity and promote confidence in the market.

About Quandl

Quandl is the largest provider of alternative data for financial professionals. The company sources, evaluates, and productizes undiscovered data assets, transforming them into quantified, actionable intelligence for select institutional clients. With a customer base that includes the world’s top hedge funds, asset managers and investment banks, Quandl delivers financial, economic and alternative data to over 400,000 analysts worldwide. Quandl was founded in 2012 by Tammer Kamel and Abraham Thomas in part because of their frustrations with the limited data and primitive delivery systems that were available to them. Headquartered in Toronto, Quandl is owned by Nasdaq (Nasdaq: NDAQ), a leading global provider of trading, clearing, exchange technology, listing, information, and public company services.

Article Produced By
BitcoinerX

BitcoinerX is not responsible for the views expressed in this article. Readers are advised to perform their own due diligence before purchasing or investing in any product or service and agree that they carry full responsibility for their decisions. This article is not to be considered investment advice.

https://bitcoinerx.com/press-releases/nasdaq-partners-with-cryptocompare-to-offer-institutions-access-to-market-leading-cryptocurrency-data/

How Can Blockchain And Crypto Improve Online Branding?

How Can Blockchain And Crypto Improve Online Branding?

                                

Default Profile Page. How Will It Benefit

Let’s start with a Members’ public profile page. It is a multi-dimensional Communication Hub, Social Networks Hub, Back Links Hub, Resume, Images Hub, Video Hub, Accolades display, Your Groups, Your Blog lists, Tell a Friend and Friends Rank. This is an excellent way to brand yourself and your product or service.

Markethive Tracking Feature

Every aspect of Markethive tracks your incoming tracking and reports. This tracking is built into your Profile page, personal blogs, and your capture pages, also WP plugins, giving a virtual full data on all your assets. From the daily activity report, Geographic map of connections, Device type, Bounce rate, referrers, Keywords, and Social Networks traffic.

Monetizing Markethive

Apart from the Markethive and generic Capture Pages available as a free member, the Profile Page is also your portal to invite others to join and with just 3 referrals the system’s Universal Income activates. That means you are paid to use the platform within Markethive by way of a micropayment faucet system of Markethive Coin (MHV) already on its first of many Coin Exchanges including their own. Starting out at just a penny on its first exchange back in March of 2019, the coin is now valued at $0.17. As it is a Consumer Coin the velocity is poised to increase as Markethive enters full launch.

The Infinity Airdrop Matching Bonus of 500 MHV Coins on new signups is not available to free members, however, anyone who joins as a free member will be associated with the individual that invited them as “pending associates”, which means if you upgrade to Entrepreneur within the first 30 days, you will receive the allocated coins 100% or 500 matching coin bonus (MHV) for each of the people you invited. If you remain a free member, after the first 30 days, it will reduce by 50%, which is 250 MHV. It will continue to reduce by 50% for every consecutive month thereafter until your matching bonus is 10% or 50 MHV for the people you invite to join Markethive which will then be credited to you upon upgrading.

Our collaborative community is encouraged to “Tip” the newcomers (instead of Like – the thumbs up) upon joining Markethive, as a token of appreciation and welcome message. You see, if you tip someone for any reason, Markethive pays you for tipping them, so you’re never out of pocket. As a free member Tipping is automatically activated at the time of registering.

Resume Builder

Your Markethive profile page will also have an optional resume link. The resume builder is a multi-part system that builds your resume in sequence delivering in both HTML as well as PDF. Access to both files via your profile page is optional, that being private invite, friends or public.

A News Feed Like No Other

Coupled with the Profile Hub, the News Feed being nearly identical to other well-known feeds is easy to use. But unlike the others, we have replaced Likes with Tips, tips that allow you the option to give your friends a small token or coin of appreciation. Your News Feed is 100% responsive to any device; therefore your device web browser is all that is needed. Saving your phone disk space and assuring you greater security and privacy. Notably, Search algorithms. You determine and orchestrate your algorithms. Not Markethive. You decide who and what you see on your newsfeed. There is no limit to the size of your friends’ database. Your newsfeed is completely searchable as well with both your news feed preferences and search criteria covering literally hundreds of variables and options

Get Paid To Learn The System

Markethive is truly dedicated to your education, success, and sovereignty. This is why we have made the Inbound Marketing Platform free (Compared to Marketo that costs as much as $25k per month). We pay you up to 500 coins just for joining (called an Airdrop and often years later these coins become very valuable), pay you micropayments just for using the system after you have qualified by signing up 3 new subscribers (similar to faucet systems that pay out micro amounts of Bitcoin), and we also pay you for taking our tutorials. No qualifications required, just a Markethive Wallet and each lesson you complete you receive an accolade on your profile and coin in your wallet. How cool is that?

Summary

Markethive has built a system to empower the Entrepreneur, with amazing valuable Inbound Marketing systems integrated within a social network with multiple commerce platforms. All of this on a Blockchain foundation, which above all the other benefits, allows Markethive to pay its members, (regardless if free or upgraded Entrepreneurs) to engage. We are focused on providing a Universal type of income for aspiring entrepreneurs. We believe sharing our resources with you as you build your business and seek to reach your goals, benefits all of us. We welcome all to our collaborative world of the Entrepreneur, the Markethive, built for you, by you and with you.

Article Produced By
Deb Markethive


Market Manager and Senior Writer at Markethive

Deb is the Market Manager for Markethive, a global Market Network, and Writer for the Crypto/Blockchain Industry. Also a strong advocate for technology, progress, and freedom of speech.  She embraces "Change" with a passion and her purpose in life is to help people understand, accept and move forward with enthusiasm to achieve their goals.

https://cryptorials.io/how-can-blockchain-and-crypto-improve-online-branding/

John McAfee Announces a Magical Competition For Crypto Traders

John McAfee Announces a Magical Competition For Crypto Traders

John McAfee, an eccentric crypto fan announced a unique competition for crypto traders and enthusiasts.

The competition is named World Trade Competition and will be held in three stages – weekly competition, quarterfinals, and Word Trade Finals. The competition is organized by collaboration between World Trade Cup and McAfee Magic. According to a recent tweet participants can earn about $100,000 worth Ethereum in prizes. 

This competition will provide an opportunity for traders to showcasing their trading skills, and the most successful ones shall win the competition. And the interesting part is that the best trader in the competition will get a chance to win McAfee, along with his team. Recently,  McAfee launched a cryptocurrency trading platform, named “McAfee magic”. The website is a new, revolutionary, cryptocurrency trading platform allowing users to “trade cryptocurrencies on multiple exchanges within a single dashboard, automatically and manually.”

How to participate in the competition?

Register & Sign Up

Initially you need to register and create an account. Once registration is done, sign up for weekly tournaments on McAfeeMagic.com. However, all tournaments are FREE to enter and you can participate every week until you win becoming a Pro Trader.

Compete to Win Prizes

Participants can compete in a FREE weekly crypto trading competition hosted on the Practice Mode feature of McAfee Magic. All traders compete for 5 days and start with equal funds. Weekly winners can step forward to Quarter Finals where they can have a chance to win the Annual World Trade Cup.

Pro Trader Position 

Only tournament winners are awarded Pro Trading Shadow positions on McAfee Magic. Winning the World Trade Cup Tournament will show the world you are the best crypto trader!

The prize distribution is as follows:

Crypto traders, here’s your chance to show the world you are pro in trading! Enter for free and Win amazing prizes with Magical Opportunities!

Article Produced By
Nidhi Kolhapur

Nidhi is a passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.

https://coinpedia.org/news/mcafee-magic-world-trade-cup-competition-for-traders/

Cryptocurrency Casino and Sportsbook Playbetr Adds 400 New Games and More Free Spins in Huge Website Update

Cryptocurrency Casino and Sportsbook Playbetr Adds 400 New Games and More Free Spins in Huge Website Update

                                

Bitcoin Press Release:
Leading cryptocurrency sportsbook and casino, Playbetr.com, announces site update, with new games, bonuses and betting options.

17th June 2019, Malta   Premier licensed cryptocurrency casino and sportsbook Playbetr has announced that it has updated its main site, adding 400 new casino games, as well as live match tracker options for sports and esports titles. Playbetr has also added 4 new exciting casino deposit bonuses, reload bonuses and up to 10 FREE spins. Playbetr was developed by a highly experienced group of casino and sportsbook industry veterans aided by cryptocurrency experts to deliver a 100% cryptocurrency casino and sportsbook gaming platform. At Playbetr, accounts are held in the PBR coin (USD). This means that players never have to worry about volatility on the cryptocurrency market while enjoying their games.

Supported Currencies

Playbetr currently offers fourteen different cryptocurrencies for deposit and withdrawal and is consistently adding more.  Currently supported cryptocurrencies include bitcoin (BTC), litecoin (LTC), ethereum (ETH), ripple (XRP), monero (XMR), DASH, ethereum classic (ETC), bitcoin cash (BCH), binance coin (BNB), PAX, DAI, USDC, and PBR. Playbetr is a 100% cryptocurrency casino and sportsbook, therefore, users can deposit, play, and withdraw their earnings in minutes.

Casino and Sportsbook System

The Playbetr casino and sportsbook user interface have been developed to deliver an exciting, safe and rewarding experience.  The casino features over 1,000 different games including slots, blackjack, roulette, baccarat, pai gow, video poker and much more.  Additionally, the casino has a live casino with over 100 blackjack, baccarat, roulette, and other live game options. The Playbetr sportsbook is a leader in the industry, serving over 25,000 monthly in-game and pre-match markets, making it a strong competitor to mainstream casinos and sportsbooks. Additionally, the Playbetr sports live and in play offering has the most options and markets of any cryptocurrency sportsbook and allows for more time into a game to place a wager.

Rewards

Playbetr is offering all new users 4 casino deposit bonuses, and 10 free spins. 1 deposit bonus for each of the first four deposits and 1 free spin on each of the first 10 deposits.  From there based on deposit frequency players can get more bonuses and free spins. Additionally, Playbetr has an engaging rewards program for all players which includes loss-back for net losses, bet-back for every bet made and status points that will increase both bet-back and loss-back percentages based on the user’s play frequency. The Playbetr rewards program is at the top of the industry and as players continue to play they will climb up the ladder in one of the preeminent VIP programs in the online gaming industry.

Affiliate Program

Playbetr provides one of the highest commission percentages of any gaming company in the industry. Playbetr also takes pride in assisting their affiliates and will develop custom banners and converting campaigns to help affiliates maximize the revenue they are able to earn. Additionally, when new players are referred to Playbetr the affiliate and the player can be certain that each player will be treated like a VIP and the affiliate will earn ongoing commissions for that player. Playbetr has one of the most lucrative affiliate programs. Playbetr Offers 24/7 customer support through live chat and email. Playbetr is unavailable to residents of the U.K, U.S.A,  Australia and any other country where gambling is illegal.

Playbetr is the source of this content. Playbetr’s services are not available to citizens of the United Kingdom, United States, Australia and any other country where gambling for cryptocurrency is illegal. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile.

About Bitcoin PR Buzz:

As the world’s first cryptocurrency and Bitcoin PR service and newswire, Bitcoin PR Buzz has helped over 800 satisfied clients to reach their goals during its 7 years of service. To get your project featured on some of the world’s top Crypto and mainstream news sites, visit Bitcoin PR Buzz today.

Article Produced By
Bitcoin Blast,
Bitcoin Press Release

https://bitcoinprbuzz.com/playbetr-adds-400-new-games-more-free-spins/

Binance in Discussions with Facebook Over Libra Coin

Binance in Discussions with Facebook Over Libra Coin

                                

According to CoinTelegraph, one of the world’s largest crypto exchanges,

Binance, is in “official” talks with Facebook regarding the latter’s new Libra coin. The exchange’s strategy officer, Gin Chao, told BlockTV yesterday that the company is “very excited” about the Libra project. What we know so far, according to Chao, is that the talks “have largely focused on dealing with infrastructure.”

Binance and Libra Coin

While the pair’s discussions are in the early stages, it seems Binance is not holding back its desire to work with Libra “as much as [it] can.”“I think the potential that libra can have, not just on mass adoption but what it means to payments and forcing regulators’ hands to catch up a bit, is all good news.” In a separate interview, the strategist gave more details on the likelihood of Facebook’s Libra listing on Binance: “It wouldn’t just be in [Facebook’s] interest to list their coin on our exchange. It would also be in their interest to list on other exchanges as well and that’s probably going to happen. So if they decide to go on a public chain, and they get the sort of adoption that they could get, we would probably want to list them.” And further, he said that Binance would be enthusiastic about becoming a validator node on the Libra network.

Facebook’s Libra Coin

Facebook announced its new cryptocurrency called Libra last week. Rumors about its existence were rife for over a year, however. According to the Whitepaper, the objective of the coin is simple; users can send money via the internet all over the world faster and with lower fees than standard banking. It also aims to incorporate the 1.7 billion people around the world who don’t have a bank account or a line of credit.

Libra differs in several ways to traditional cryptocurrencies. One of the most interesting facts of Facebook’s currency is that it is more “stable” than regular cryptos. Facebook sought to create a coin that could facilitate every-day online consumer transactions and has done this by “backing all its issued digital currency by a reserve.”

>> Koinex Exchange Shuts Down Trading Services in India

According to Digitaltrends: “Founding Members are required to pool money into the reserve, with the prospect of a return on their investment via dividends from low-yield investment of the reserve’s assets.” With Libra coin only announced, it’s official launch is not expected until sometime in the first half of 2020.

Article Produced By
Maria Ohle

Maria Ohle is a content creator spanning multiple subjects. She cites cannabis, business, and culture as her forte’s. Maria holds a degree in Drama and English and has a Diploma in digital multimedia. After two years of writing and working in Vancouver, Canada, she has returned home to Ireland to further her career. She is a dab hand at design as well as art and considers music to be man’s greatest invention.

https://cryptocurrencynews.com/binance-facebook-discuss-libra-coin/

Dr Craig S Wright appears in US federal court testifies he is Satoshi Nakamoto

Dr. Craig S. Wright appears in US federal court, testifies he is Satoshi Nakamoto

Dr. Craig S. Wright, the chief scientist for nChain and the man better known as Satoshi Nakamoto,

was in U.S. federal court in West Palm Beach, Florida, where he’s involved in a lawsuit stemming from the time he worked with Dave Kleiman on what would ultimately become Bitcoin. The lawsuit was filed by Ira Kleiman on behalf of the estate of Dave Kleiman. As Friday’s activities began, the morning deposition was closed to the public, but the court opened its doors in the afternoon for an evidentiary hearing about a discovery dispute about Ira Kleiman’s request that Wright provide a list of “public addresses” for Bitcoin that Wright held as of December 31, 2013.

Wright was more than willing to take the stand in an effort to answer many questions that have stuck with the entire Bitcoin ecosystem over the years. There really was no confusion in the industry on Wright being Satoshi; however, those protesting that he’s not, including groups involved in scams of some sort, were only doing so to confuse mainstream media, governments and the industry as a whole. It was a historic day for Bitcoin. On Friday, Wright asserted, under oath, that he was Satoshi Nakamoto. This didn’t receive any objection from Kleiman’s attorneys, nor were there any objections when Wright acknowledged that he wrote the Bitcoin whitepaper. In fact, in his later cross-examination of Wright, Kleiman’s attorney referred to Wright as inventor of Bitcoin.

In a very emotional part of the testimony, Wright explained that he kept his Satoshi Nakamoto identity under wraps for several reasons, not the least of which was how Bitcoin quickly became used for darknet marketplaces such as Silk Road and Hydra, which enabled selling of addictive hard drugs, child pornography, and other serious illegal activities. This, he asserted, made him ashamed of what he had created, as it wasn’t the reason for which Bitcoin had been intended (it was intended to create an honest money system). He was distraught over this and felt his work had failed, and this also led him to stop being a pastor and attending church. Wright added that he was willing to accept the chance he could never access the Bitcoin he had mined from 2009 to 2010 because spending them would have verified his identity as Satoshi, and also because (at the time) he wanted to disassociate himself from Bitcoin. He went so far as to say that he wanted to destroy the drive that would have allowed him to access the Bitcoin he mined (for his company) between January 2009 and August 2010, but it was Dave Kleiman who convinced him not to do so.

On the stand, Wright continued that the original Bitcoin did not use the concept of public addresses as people perceive them today; instead, it relied on public-private pairs, with the private keys needed to spend the coins. Today, people incorrectly perceive a public address similar to a bank account number, where coin holders accumulate Bitcoin and then spend from that address. The original Bitcoin system created by Wright was never meant to incorporate a system of reusable public addresses where people can see how much Bitcoin is accumulating in a single public address that is re-used; instead, a new key pair (and thus a new address) was intended to be created for every transaction in order to provide users a new privacy model. Wright testified that this is explained in the Bitcoin white paper (section 10, Privacy). 

After Wright withdrew from the Bitcoin project, the public address on the Bitcoin ledger became incorrectly misunderstood and then misused by developers in what would become known as the Bitcoin Core (BTC) project. Thus, at the time Wright was mining Bitcoin for his company in 2009 and 2010 and under Wright’s original Bitcoin design, there was no need to keep the public addresses as people understand them now; instead, at the time, the seed or private keys were all that would be needed or stored.

Wright was requested to provide the public Bitcoin addresses that reportedly hold a significant amount of assets—possibly reaching into the billions of dollars. He testified in court that he’s more than willing to turn over the information if he could, but that the information necessary to generate the list of public addresses is locked in an encrypted file, with multiple keys protecting different layers of the file. At earliest, the first layers of the encrypted file cannot be opened until at least January 2020. Wright explained that the encrypted file contains the relevant seed and his proprietary algorithm that can generate the private keys for Bitcoin mined by his company in 2009 and 2010, which would allow him to generate the associated public keys and public addresses that most crypto fans are used to seeing today.

If he’s able to gain access to the private keys and, subsequently, the Bitcoin controlled by such private keys, Wright does not himself want it. The beneficiaries of the trust are his family members (wife and children). He said under oath that he and his wife have agreed to donate the vast majority of the money to charity, including to a program to provide education to the poorest 1 billion people in the world, as part of his efforts to remedy the wrongs committed by darknet marketplaces that misused the Bitcoin system he invented.

Kleiman’s lawyer cross-examined Wright at length, focusing on supposed inconsistencies in documents related to the legal trusts formed by Wright to protect assets. Wright explained a number of times that his company servers had been hacked or compromised by former staff who sought to force his Australian companies into liquidation.

Wright concluded his testimony yesterday, but there is still a lot left to cover in the case. The evidentiary hearing on the discovery issue is expected to resume again, but not until August. This is only to decide a limited issue in the case (whether Wright can or cannot provide the list of public addresses requested by Kleiman). The full issues in the case will not be decided until other proceedings, and ultimately trial in March 2020.

Article Produced By
Erik Gibbs

https://coingeek.com/dr-craig-s-wright-appears-in-us-federal-court-testifies-he-is-satoshi-nakamoto/

IOTA Price Prediction June 2019 Bullish Trends And Experts Take

IOTA Price Prediction June 2019 — Bullish Trends And Experts Take
                                 

Basil has three years of freelance experience writing on disruptive technologies.

He focuses on breaking news and education pieces; helping to spread the gospel of Blockchain. He hopes to have his own blockchain company one day; helping the world through its innovative ledger technology. https://twitter.com/basil_kimathi.[updated June 28, 2019] IOTA was developed by a German team and created to support the Internet of Things (IoT) revolution, using an innovative blockchain system called “tangle”. It was created to enhance communications, transactions, and payments between machines (i.e. M2M interaction).

Considering the speed with which artificial intelligence is gaining global adoption, IOTA is and was ahead of its time when it was conceived. Part of IOTA’s unique features is that it is one of the few altcoins that cannot be mined, has no blocks, and has no chains. It comes with infinite scalability and very fast transaction times, which give it an advantage over the Bitcoin blockchain, for instance. Still, IOTA has been held to the same whims as the rest of the cryptomarkets; a big swing up in 2017 and early 2018 and then a big fall down for the last four months. The team continues to add partners and use cases which make IOTA a popular headline on our site and others. And there are a lot of bullish technologists that see IOTA’s tech as superior to many others on the market.

Still, for IOTA’s price to truly recover from its 2018 highs—where it started around $3.61 and now trades for just over $.30—more time is needed. The partnerships need to coalesce, and the chain itself needs to showcase its ease and speed through millions of transactions. With IOTA still tied to Bitcoin, and partnerships in their nascent stage, IOTA’s price is not likely to have an upswing on its own in 2019. Beyond this year, it could make the kind of changes to the world of logistics and IoT processes that it purports to be able to do. But that’s looking down the road. In 2019 with IOTA set to launch its first working product we can expect to see the price of MIOTA gain substantially as more partnerships are formed and the technology is adopted by more organizations.

Experts’ Opinion On Why IOTA Will Rise

In 2017, almost all digital currencies, including IOTA, experienced significant gains in a short period. For instance, IOTA provided a 12500% return on investment in less than six months. However, the question now on everyone’s mind is what the future holds for IOTA price. Let’s look at what experts are saying regarding the coin’s future price to help answer this question. There are some industry experts whose opinions can have a significant impact on the price of cryptocurrencies. One of these industry experts is John McAfee, who has given several views on many cryptocurrencies. Through a tweet, MacAfee stated that IOTA would experience growth, but this will be slow, about 10% increase every year. Although this may seem like a meager digit, it still shows that the coin’s price will continue to rise. 

Tim Falk, an expert writer for Finder.com, stated that the Internet of Things had shown potential for huge growth in the future. For instance, Google acquired Nest, a smart-phone automation company for $3.2 billion in 2014. This acquisition shows that Google expects the IoT industry to boom soon, and since IOTA is based on this technology, it may experience increased adoption, leading to an increase in the coin’s price. Additionally, the social crypto platform smartereum.com predicts that MIOTA is set to hit $5 shortly. According to this source, the prediction is based on factors such as the strength of the developer team, technical prospects, and continuous development. As such, the coin’s price will continue to rise. Other factors driving the price of IOTA include;

Digital CarPass Is Set To Launch In Q1 2019

The first working product of the collaboration between IOTA and Volkswagen is set to be released by June of this year for public use. Digital CarPass is a practical application of the IOTA technology for vehicle telematics data. The new product will allow a vehicle to tell its story like where it went and how it was treated. Also, it will offer tamper-proof mileage history and protect against odometer fraud in the case of second-hand vehicles. Simply put, the Digital CarPass will act as a report-sheet for cars on the distributed ledger to ensure data recorded like mileage is accurate.

According to Benjamin Sinram who is the head of the blockchain at Volkswagen, the car manufacturer is exploring distributed ledger technology and cryptocurrencies in unison with teams like IOTA and Energy Web Foundation. He added that the vision of Volkswagen is to focus on autonomous cars that will carry out transactions on behalf of their owners using cryptocurrency wallets. “We want to enable our autonomous cars to (provide) services for you and pay autonomously for these services with their own money.” According to Sinram the product will be launching before the end of Q1 and given that this is huge for the car industry we can expect a lot of positive buzz surrounding IOTA, and it should reflect on its price.

IOTA Prepares for the Bull Market

During bearish periods, crypto experts advise projects to build the necessary infrastructure to really make their product applicable. And this is what IOTA and its team are doing. At the moment, the IOTA community is working hard in order to have different products launched. To start, Trinity Wallet is being used and touted by IOTA enthusiasts. The Trinity Wallet works to establish a go-to and secure wallet for holding coins; an easy on-ramp for future holders to get into IOTA investing. This is a wallet addition to the already established method of storing IOTA on the Ledger wallet, which you can find more information about here.

The second important project that is being developed is a new digital ID. The world is moving into digitizing everything, including personal information. IOTA’s team is working in an important digital ID solution that will use its “tangle” technology. Although there is no official timeline for this project, developers are implementing Verifiable Claims Protocols to improve their services.

The ID project that is being developed is just one of the several projects that IOTA has signed with different car manufacturers. There are several other projects in the works involving IOTA. For example, some countries such as Sweden and Netherlands are working with IOTA to improve different administrative processes. The Swedish Central Bank (Riksbank), for instance, wants to launch the digital version of the Swedish Krona. The e-Krona will be based on IOTA and might be launched in 2019.

Additionally, two companies in the Netherlands, ICTU and XURUX, are investing in a project to verify legal documents within the ‘IOTA Blockchain.’ Projects like this boost IOTA’s standing as one of the more “practical” and “applicable” crypto assets. Its technology has shown potential benefits for these different sectors, and the bear market isn’t stopping IOTA from creating value.

ENGIE Lab

In another recent move worth mentioning, ENGIE Lab Crigen has partnered with IOTA Foundation. The two companies will work on a blockchain based smart energy ecosystem. In the partnership, ENGIE will use its computer and artificial science to enhance IOTA tangle. According to an official blog post, the team will learn from each other through experimentations.

The IOTA blogpost further revealed that the two firms had signed an agreement to establish a cooperation deal between them. They will initiate smart energy systems made of two fundamental tools. The first, to manage server-based blockchain infrastructure and creation of cloud base systems. The other, focus on improving smart contracts. Per the announcement, the company is primarily targeting the Asian market and intends to roll out the services before next year. ENGIE will further extend its services to southern Europe before May 2019. While making the announcement, Yves Le Gelard, ENGIEs vice president, expressed his delight by saying that:

“We are excited to be part of this program, which will make it possible for many actors to access the blockchain technology. It is a perfect example to show how ENGIE is digitally transforming the society,” In the announcement post, Phillippe Calvez, a Lab Research Manager, commented that: “Most proofs-of-concept and activities have already been initiated in the lab and thus we look forward to collaborate with larger international projects. The partnership will enlighten more people on the benefits of using innovative DLT technologies.”

Technical Analysis on IOTA Price

The analyst says the Internet of things is the future of the next few years and IOTA is the leader in this sphere. EXCAVO believes in this project, which is moving in the triangle with huge potential, and it’s still in the zone of accumulation. The analyst advices that investors should buy in deep and sell in high.

Technical analysis:
. Miota/Bitcoin is in a range-bound, and the beginning of uptrend is expected. The price is below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 36. . While the RSI downtrend and the price downtrend in the daily chart are not broken, the bearish wave in price would continue.

ForecastCity suggests:
There is a possibility of temporary retracement to suggested support zone (0.00004600 to 0.00004025). If so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.00004600)
Ending of entry zone (0.00004025)

Entry signal:
Signal to enter the market occurs when the price comes to “Buy zone” then forms one of the reversal patterns, whether “Bullish Engulfing”, “Hammer” or “Valley” in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. Here is a prediction based on trend lines established over the last 2 years along with a pitched fib channel.  The analyst believes with Bitcoin facing a potential breakout, I plan on exiting MOST of my holdings here. Depending on the market volatility and BTC’s price movement, I will hold off on re-entering until establishing, something the analyst would suggest doing in the case of most altcoins during BTC’s move.

Article Produced By
Basil Kimathi

Basil has three years of freelance experience writing on disruptive technologies. He focuses on breaking news and education pieces; helping to spread the gospel of Blockchain. He hopes to have his own blockchain company one day; helping the world through its innovative ledger technology.

https://usethebitcoin.com/iota-price-prediction/