Japan is in the 'epicenter': waiting for crypto donations and a new mining farm

Japan is in the 'epicenter': waiting for crypto donations and a new mining farm

Augur launches its mainnet, a huge energy company will start mining in Southern Japan, Binance and Verge donate to Japan, solarisBank launches Blockchain Factory and South Korea eases the rules on crypto

A call to unite all communities as a global #crypto family. Let’s come forward to support @japan. Verge Currency will donate all funds to @binance’s effort to support this disaster.

Verge team

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Binance looking to roll-out margin-trading service as regulators voice disapproval

Binance, the second largest cryptocurrency exchange by adjusted volume is preparing to launch a margin trading system that will make trading volatile digital assets riskier than it already is, reported TheBlock. Retail customers are a mainstay with the exchange and to further increase their customer count, Binance will allow them to trade on the margin, state sources close to the exchange. This feature will allow investors to trade on borrowed funds and the coin held will be placed as collateral for the issuer, which spikes the risk of the transaction even more. The report does say that there is no margin trading currently on offer and that no confirmation of a future approval was provided by Binance. However, there were rumors circulating that in order to use the margin feature, users would need to hold the exchange’s native token, Binance Coin [BNB]. Binance’s Application Programming Interface [API] showed a margin trading feature, which was discovered by a programmer on Reddit earlier this week. Given this revelation, cryptocurrency proponents believed that an imminent update would include a margin trading feature. The programmer stated: “This change has not been reflected on the documentation. Further analysis of the response revealed that all 482 trading pairs have spot trading enabled and margin trading disabled; which makes sense. However, this API update implies that Binance is considering the implementation of margin trading features.” Changpeng Zhao, the CEO of Binance, eased the concerns of the community, stating on March 22 that the exchange has not yet scheduled the inclusion of margin trading on their platform and that this was part of a “future proof” for their API. He stated: “We future proof our API framework as part of our system upgrades. No dates.” Regulators across the world have consistently warned their investors of chiding margin trading as it greatly increases the risk of investing. Furthermore, a volatile underlying asset like digital currencies inflates the risk even more. A note by the Securities and Exchange Commission [SEC] on the topic stated: “The downside to using margin is that if the stock price decreases, substantial losses can mount quickly.” Cryptocurrency exchanges have been ramping up margin trading options for their investors, given its popularity. Notable exchanges like Kraken, Bitfinex, and BitMEX already have this form of arbitrage on offer. Needless to say, regulatory oversight will increase once an exchange of the size of Binance introduces margin trading. The post Binance looking to roll-out margin-trading service as regulators voice disapproval appeared first on AMBCrypto.
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Binance, HitBTC, etc., Market Maker Pitch: How To Get Rich Online

Cheap VPShttp://techvoices.clubpress ‘all’ after about 15sCase in PointImagine this hourly graph without the steep drops from paying fees on the green (buy) lines:As a follow-up to this:https://hackernoon.com/making-markets-moving-crypto-free-and-open-source-binance-9bcea607e57bhttps://github.com/DunnCreativeSS/binanceMarketMakerhttps://github.com/DunnCreativeSS/hitBTCMarketMakerTL;DR join us here https://t.me/themarketmakerbotElevator PitchMarket making on Deribit and BitMex failed because it counted on the market to remain more or less stagnant on the 0.25$ step. We’re now looking at automating two market making strategies for smaller volume, higher spread pairs.Market Maker TraderWe buy just above the highest bid and sell just below the lowest ask. We repeat this process, using a fraction of account balance in base pairs, until we see the net profits as price fluctuations cancel each other out in the approaching infinity sense — while we soak up profits from the spread itself in the ‘relative orders’ strategy.Conversationally, and not coded yet, is the ‘staggered order’ strategy, where you pick a maximum and minimum price for that pair and then stagger orders up and down the order book to buy and sell along set intervals.Resources: Would need servers close to different exchanges.Scalability: More coins; more scalePros: I’ve had 0.57 bitcoin volume on my deposit of $18 worth of coins on the ‘relative’ strategy in the last 24 hours, while sustaining about -0.5% growth. There are other exchanges (some with margin) where we can reproduce the bot, like bitfinex/ethfinex who have a market maker rebate paid monthly in their proprietary coin, or liquid who has a market maker rebate on pairs that were previously on qryptosAdd’l pros: on Binance I can effect a 20% or 40% income on fees via my referral link, on HitBTC the affiliate program is on pause but I may eventually be able to effect 75% — although the potential gains from HitBTC affiliate are less as there will eventually be a 0% or rebate on the maker feesCons: To prove profitable on Binance or HitBTC, you’d need to eliminate the fees or effect a market maker rebate. On Binance this involves volume as well as holding BNB — while still paying some fees, while on HitBTC that only involves building volume first — effecting 0% maker fees then 0.01% rebate. https://hitbtc.com/fee-tier https://www.binance.com/en/fee/schedule On HitBTC there’s also a market making program https://hitbtc.com/mm.To Prove for ViabilityConsistent over all types of markets, but identify when it does betterIn the long run, price volatility helps the ‘staggered’ strategy more than it does the ‘relative’ strategyLess volatility but still having volume, there will be gains from the ‘relative’ strategyThe potential loss is 1. Fees 2. Grabbing a coin that immediately dies, inclusive.If you’re to eliminate fees or effect a fee rebate, this risk goes downIf you automate many pairs you lessen the negative effect of grabbing a coin that diesConversationally, a stop loss can be created to further lessen this riskSunk costs of developmentNone — need to code the ‘staggered’ strategy, which I can doScalability given current market liquidity and volumeOn exchanges like Binance or HitBTC, with many coin pairs that have significant volume, we can scale indefinitelyThe bot currently checks the average volume per base asset, then the spread of a given pair, and enters only into those markets that meet the minimum and maximum volumes and target spread, as well as a minimum order quantity and maximum order quantity (to avoid sh#tcoins)In base: market pair: volume in base, that looks like this:{ BTC: { XDNBTC: 69.3393775486, VETBTC: 42.606415325 }, TUSD: { NXTUSD: 67247.7248096, TNTUSD: 53891.073732 }, MUSD: { QTUMUSD: 2545776.043225 }, NUSD: { XDNUSD: 280614.7629689 }, DUSD: { MAIDUSD: 54019.8292817 }, ETH: { ICXETH: 589.145211656, NXTETH: 266.992269315, REPETH: 616.456689351, ONTETH: 5359.788369161, NTKETH: 197.416308344, KBCETH: 355.311810444, ROXETH: 311.845628547 }, BUSD: { DGBUSD: 2445.14526651 }, GUSD: { BTGUSD: 141765.29622322 }, UUSD: { QNTUUSD: 29.4731369 }, PUSD: { ETPUSD: 68.5015549, ZAPUSD: 40.1461164 }, YUSD: { DAYUSD: 338.8757426, BERRYUSD: 248.9052084 }, QUSD: { STQUSD: 6039.7474451 }, IUSD: { WIKIUSD: 10575.2656811 }, FUSD: { ELFUSD: 14.04120135 }, URS: { ETHEURS: 2486.24206583, LTCEURS: 1485.789705, XMREURS: 2807.0239136 }, ‘0USD’: { POA20USD: 20.1087685 }, EOS: { LSKEOS: 39.06901764 }, RWB: { BTCKRWB: 44.82036 } }Forward TestsThis strategy was first coded about 48 hours ago on Binance. It lost about 0.5% in one day, and had 0.46 BTC in volume.https://medium.com/media/b998ee17f9822e2470a3fcd3a21577e1/hrefThe second iteration was on HitBTC, and as of about 10–12 hours ago has 0.12 BTC in volume (across many smaller orders, instead of the test version on Binance risking everything on one pair).https://medium.com/media/2a92a3ba02b0430036a88d80ce856f22/hrefIt’s lost about 0.23% in that time:https://medium.com/media/fcaee3f63ecb646cb972d2c362465b0c/hrefMy calculations, based on losing 0.5% a day on average with entry level fees and based on HitBTC’s 0% maker fee after 1500BTC in 30-day volume, indicate that after a certain amount of time while trading a certain balance we can effect 0% fees, and therein effect profits:https://medium.com/media/0db9bcb29e02b6038f6f53317921da66/hrefThis is not including the chance we can get market maker benefits or the 0.01% rebate after 6000 BTC volume.https://medium.com/media/003fad58768ac02ee74d9c3b11481d5c/hrefhttps://medium.com/media/730d56d181ba690652f2fc2fc7f5afe6/hrefConclusionWith enough volume anything is possible. Come join us! https://t.me/themarketmakerbotBinance, HitBTC, etc., Market Maker Pitch: How To Get Rich Online was originally published in Hacker Noon on Medium, where people are continuing the conversation by highlighting and responding to this story.
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