ETH Loans Fell From 42% to 4%: 'No One Is Short Any More'

Genesis Global Trading, one of the largest OTC cryptocurrency dealers, has loaned $553 million to institutional borrowers since March. They said that some of the largest loans were made in Ethereum (ETH) to hedge funds which are typically using the borrowed assets for short positions

At the end of Q1 ETH loans made up of 42% of outstanding balances, but theu fell to 4% as of the end of Q3 following an 80% decline in ETH prices.

Ethereum

ETH
Price
137.02 USD -0.62%
0.03422000 BTC 0.00%
Volume, 24h
1,049,148,504 USD
-5.71%
Marketcap
14,470,191,018 USD
10%
Emission

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Ethereum [ETH] core dev clarifies acceptance of ProgPow in future hard forks

Programmatic Proof-of-Work [ProgPow] has been one of the most talked-about updates in the Ethereum community. Its implementation proposal saw the support of a majority of the Ethereum community, with some expecting it to go live in the Istanbul hard fork and others claiming that it would have its own small hard fork. In a Reddit post on the Ethereum subreddit, Hudson Jameson, one of the core devs of Ethereum Foundation, spoke about the future of ProgPow, whether it would go live in a hard fork, and most importantly if it would go live or not. He said: “Back when we were deciding the issuance reduction at the end of 2018, ProgPoW was brought up a lot. Some considered it a ‘bargaining chip’ for miners to accept the issuance reduction. Some miners believe that it was agreed upon that we would put ProgPoW in a hard fork in exchange for an issuance reduction.” This was followed by Hudson stating that during the end of 2018, the core devs decided to “investigate ProgPow to the fullest extent” and that there were “no promises” made in terms of its implementation. Further, he stated that even on January 4, 2019, at the core devs meeting, the decision to tentatively go ahead with ProgPow was made after he asked for consensus amongst team members on whether they had any opposition with it. However, no one responded to the question. Hudson said: “It’s sort of like accepting a proposal by silence. To be clear, there were some core devs who were in favor of ProgPoW and had been for a long time so there was no need to reiterate their support at that moment. We were only looking for dissenting opinions and otherwise we would go forward with it.” Source: Reddit This was followed by Hudson stating that the Ethereum Cat Herders were working on finding the “appropriate auditor and rising funds” for ProgPow audit, adding that the complete details pertaining to this would be released next week. He added, “In summary, a decision was made to move forward with ProgPoW, but no timeline was given as to when it would be activated in a hard fork. It may be activated in its own fork or with Istanbul. If an issue is found by the ProgPoW audit, we may not go forward with implementing and activating ProgPoW.” Source: Reddit The post Ethereum [ETH] core dev clarifies acceptance of ProgPow in future hard forks appeared first on AMBCrypto.
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Amuse to Giveaway Tickets for The Fact Music Award (TMA) Featuring the Biggest Names in Korean Music

Amuse is offering fans the opportunity of a lifetime to watch a  The Fact Music Awards that features, among other acts, K-pop phenomenon BTS. The award ceremony will be held on April 24, 2019, at the Incheon Namdong Sports Complex. The two and a half hours extravaganza will have an impressive and star-studded line up of top bands from the country, like Red Velvet, GFRIEND, MAMAMOO, MOMOLAND, Chung-ha, MONSTA X, I-DLE, THE BOYZ, Stray Kids, TWICE, iKON and others. The highlight of the evening will be the boy band, BTS, one of the biggest musical stories from Asia. BTS are no strangers to music lovers in Asia and around the world as they have given multiple hits and have performed before sell-out crowds in Asia, North America, South America, and Europe. Amuse is giving a chance to get free the award ceremony tickets and it’s really easy to get them. Find out more on how below. Tickets can be obtained by participating in the Amuse IEO, or Initial Exchange Offer. Amuse is creating a platform that will bring high-quality arts and culture to people through on-demand viewing. And it is to fund this venture, that they are hosting their IEO. The campaign will run simultaneously on Amuse’s own platform as well as on several crypto exchanges. Remember that tickets are limited and this is a rare opportunity to enjoy BTS, among other bands, live and exclusive. So you will need to hurry up to bag those tickets and book a date with the biggest names in K-pop. Tickets for the award ceremony will be given away from March 25th till April 15th. During this period, special registration on the platform will be opened. Here users will be able to buy AMS tokens and get a standard or VIP ticket for free. For the purchase of tokens worth 50 ETH, you will get a standard ticket and if you buy tokens worth 200 ETH, you will get a VIP ticket as a gift. The process is pretty simple. On the dashboard, the user will need to fill in a few quick details. After sending ETH to a given wallet address, a payment confirmation will be sent. Tokens will be deposited in the wallet. The detailed instructions and free ticket distribution are provided on special Amuse platform “We are extremely pleased and excited about this Fact Music Awards. Not only does it give us a chance to create a buzz around the path-breaking platform we are creating with Amuse, but also gives us an opportunity to present BTS in front of a massive home crowd before the band leaves on a whirlwind tour of America and Europe,” said Ms. Mun Song Hui, CEO of Amuse. “I am looking forward to fans taking this opportunity to see their idols live and also support us in our endeavor.” About BTS   BTS, short for Bangtan Sonyeondan (or Bulletproof Boy Scouts), is a seven-member South Korean boy band that debuted in 2013. They are the first Korean band to enter the prestigious US Billboard – a single inside the Top 100 and to debut an album at No.1. BTS will be the main attraction at The Fact Music Awards. After the opening Red Carpet, the main event will start at 7 pm sharp.     About Amuse Amuse is creating a unique content creation and distribution platform powered by the blockchain. The main service areas of Amuse platform will be – Creation studio Creator management Funding based on blockchain Payment through cryptocurrency Cultivation and promotion of arts and culture. The objective of Amuse is to become the No.1 platform for the arts and culture business where producers will simply focus on creating high-quality artistic content. The marketing and distribution of this content will be done by Amuse through a variety of network opportunities. Amuse will be an ecosystem that will dramatically improve the K-pop culture and help create future stars. Amuse integrates the cultural arts platform using blockchain. Apart from the ability to perform all transactions on the Amuse platform through AMS, token holders will get preferential treatment on the ecosystem. This includes ease of booking tickets during Amuse-sponsored concerts and other exciting events, giveaways, gifts and rewards for consuming Amuse-created content and much more. Users can download VOD content using AMS tokens. Advertisers will be able to integrate their ads into the ecosystem by paying AMS. To know more about Amuse, visit Amuse website. The latest updates Amuse posts in Twitter. Amuse has multilanguage Telegram support in English, Japanese and Chinese. Disclosure: This is a Sponsored Press Release The post Amuse to Giveaway Tickets for The Fact Music Award (TMA) Featuring the Biggest Names in Korean Music appeared first on NullTX.
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