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Adam Todd, Digitex Futures CEO: “I Really Want to Take BitMEX Down”

Adam Todd, CEO at the upcoming zero-commission cryptocurrency futures trading platform Digitex, admits that he admires BitMEX and that he “really” wants to take them down. Moreover, he also says that the cryptocurrency market has bottomed and has been well oversold. Digitex: Commission-Free Crypto Futures Exchange Speaking to EAK Digital at Paris Blockchain Week, Adam Todd, CEO of much anticipated commission-free cryptocurrency futures exchange, shared valuable insights on the project, as well as his vision on the market and competition. Most importantly, Todd clarified how Digitex makes it possible for traders to engage in the futures market without having to worry about high commissions. He outlined that this is because of the platform’s native token, DGTX, which must be owned by anyone who wants to trade on the platform. Traders will see their profits and losses all denominated in DGTX and in order to be able to maintain the platform, the team behind it will mint a certain amount of new tokens according to a transparent schedule and only after DGTX token holders have voted on it. More interestingly, however, was Todd’s view on existing competition in the field, as well as his thoughts on the current cryptocurrency market condition. BitMEX: “A Money-Printing Machine” One of the more interesting questions of the interview was whether there is an existing project that Todd looks up to. Perhaps somewhat unsurprisingly, he said that he “admires” BitMEX because they are “such a money-printing machine.” He also said that he “really” wants to take them down. Todd also said that he feels there is so much interest and so much need for “something like Digitex” to come along as an alternative to BitMEX because the latter is just a “milking machine” the time of which is up. Cryptocurrency Bear Market is Over On another note, Todd also discussed the current condition of the cryptocurrency market. He was quick to make the remark, however, that he always says that the bear market is over. This time, however, he feels that the market has been “well oversold’ and that we are only going to go up from here. He also outlined that he was very confused of the massive decrease in the value of cryptocurrencies and that he didn’t understand how it went down so much. The Digitex zero-fee cryptocurrency futures platform is scheduled to launch on April 30th, 2019 and it already has more than 1.5 million people lined up in its waiting list. The post Adam Todd, Digitex Futures CEO: “I Really Want to Take BitMEX Down” appeared first on CryptoPotato.
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BitMEX Research Informs Bitcoin SV Is Not Reliable For Payments Due to Security Issues

Bitcoin SV (BSV) seems to be affected by block reorganization attacks. The digital currency backed by Craig Wright has some issues with is security. According to BitMEX Research, on April 18, their Bitcoin Cash SV node experienced 2 block re-organizations. They were first affected by a 3 block re-organization followed by a 6 block re-organization. […]
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Bitcoin SV [BSV] block reorganisation: Network not reliable for payments, says BitMEX Research

Bitcoin SV [BSV] was in the limelight because of its touted large blocks, especially the 128MB blocks, highlighted by its spearheads. Just weeks after the feat, the coin’s blockchain was subjected to multiple block reorganizations as pointed out by a series of April 19 tweets by BitMEX Research. The tweets indicated that on April 18, the exchange’s BSV node saw dual block reorganizations. BitMEX stated: “First a 3 block re-organisation, followed by a 6 block re-organisation.” Source: Twitter BitMEX cited block 578639 as the location of the split, where the two competing chains were noticed. The tweet further stated that the exchange’s note kept track with the chain on the left until block 578642, following which it moved to the right. In the next hour, there was another jump to the left. The research, however, contends that all the Transactions IDs [TXIDs] from the aforementioned fork migrated to the main chain, hence, double spending can be ruled out. In light of this reorganization, BitMEX stated that the inference drawn can be that the BSV network cannot be relied on for payments, the block size touted to be too large to handle, and the network latency was too high. With the BSV network incapable of handling a block of such a size, as the research indicates, their touted goals seem far-fetched. The cryptocurrency’s camp has maintained that their intention was to raise the default block cap to 512MB, with the same to be raised to 1-2GB in the future. Jimmy Nguyen, one of the leads of the BSV project has even suggested blocks with no specified limits, with the same configured by the miners. Block size apart, Bitcoin SV has been going through a tumultuous period off-late. The coin has been subject to a number of delisting announcements from top exchanges following the legal challenge mounted by its founders, which some have compared to “bullying”. The post Bitcoin SV [BSV] block reorganisation: Network not reliable for payments, says BitMEX Research appeared first on AMBCrypto.
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Bitmex is not FIFO?

​ I had put a limit order on queue for short eth at 172.65 (exiting from a previous long position) -> There were 20.000 contracts sitting there Price starts to go up, but stops at 172.65 at this point the mkt maker add ~100.000 contracts shorting limit at 172.65 Some market takers buy ~80.000 contracts. My order still sits there. If it was First In First Out, i supposed to be out already. There are more limit shorts coming in, so order book is again at~200.000 contracts, but people still buying on market.... i see more 20k, 30k, 40k taker entries, but my order is still there..... the rollover at this point is more than 300.000 contract, and I supposed to exit first am waiting for more than 5minutes only after 10mins struggling to get out at this critical (pivot reversal level) the index goes in my favor and i'm able to exit but only as the price climbs to one tick above...172.70. ​ Ps, of course, my complaint was promptly deleted from /bitmex My theory is that ordinary people like us, use a Queue totally different from the bitmex market maker desk and as we would basically be competing with them, unless the index is moving on your direction, you cannot be a true fifo mkt maker.
/r/BitcoinMarkets

BitMEX Partners With Trading Technologies to Provide High Performance Bitcoin Derivatives Trading Tools

BitMEX, the cryptocurrency derivatives trading platform behemoth has announced a partnership deal with Trading Technologies Inc. (TT). In a blog post published by BitMEX on April 17, 2019, the company said the partnership would create a mutually beneficial and strategic collaboration between both firms. Partnership to Give More Access to Cryptocurrency According to the announcement,Read MoreRead More. The post by Osato Avan-Nomayo appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News\
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Group-IB, a Moscow-based cybersecurity firm, has developed a ranking system to grade cryptocurrency exchanges by the level of safety they offer clients. It ranks Kraken as the safest exchange. Then there go Bittrex and Coinbase Pro. Binance, Bitfinex, Bithumb, Bitmex, Localbitcoins, Myetherwallet and Poloniex are on the list of safe exchanges as well. OKEx, Huobi Pro, and Coincheck are among the least safe exchanges

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Bitfinex goes insolvent around the time of the April bubble, coincidence? No.

This is Willybot all over again. CryptoTrading claims 850mil is "seized" by officials. Bitfinex/Tether co obtain a 900mil line of credit with a 6.5% interest rate. Markets see unprecedented buying action, with Bitfinex as the leading exchange, leading to the 20k USD bubble. You can't tell me that the timing of this is all coincidence. This is the exact same thing that happened with MtGox and it's market manipulation effort to pay back its losses. On March 29, after further discussions, the representatives disclosed in a letter to the AG that the credit line had been closed and “during November 2018, Tether transferred $625 million held in its account at Deltec to Bitfinex’s account at Deltec. Ergo, Tether is not currently backed by a reserve (unless they have access to another credit line we aren't aware of, seems unlikely though). In other words a portion of this market is currently propped up by money that does not exist. So people can stop saying that this news "shouldn't impact Bitcoin", because it clearly should and will.
/r/BitcoinMarkets

XRP/USD and Stellar Lumens [XLM/USD] Price Analysis: Bear reigns as prices stagnate

The cryptocurrency market saw a roller-coaster ride over the past couple of months, and that was reflected in the prices and market caps of top cryptocurrencies. XRP, the third largest cryptocurrency, was stuck in the bear trap with no room for any bullish movement, while Stellar Lumens [XLM], which performed well at the start of the bull run, shared a similar fate to that of XRP. XRP 1 day Source: TradingView The one-day chart for XRP showed a downtrend that pulled the price from $0.517 to $0.371, while the long term support held at $0.291. The Bollinger bands moved parallelly due to the continuous sideways movement of the market. The Chaikin Money Flow indicator was below the zero line, as the capital leaving the market was much more than the capital coming into the market. The Awesome Oscillator recorded low amplitudes due to the lack of market momentum in the XRP ecosystem. XLM 1 day Source: TradingView XLM’s one day graph saw a drop in price from $0,278 to $0.138, while the long term support was at $0.074. The Parabolic SAR was above the price candles which signified that the cryptocurrency was going through a bearish atmosphere. The Relative Strength Index was closer to the oversold zone, a sign of the selling pressure being more than the buying pressure. The MACD indicator underwent a bearish crossover that caused the signal line and the MACD line to converge below. The MACD histogram was a mix of bearish and bullish signals. Conclusion The above-mentioned indicators clearly indicated that the cryptocurrency market was still in a bearish trudge and that there was no bull run in sight. This was evidenced by the significant drop in market momentum. The post XRP/USD and Stellar Lumens [XLM/USD] Price Analysis: Bear reigns as prices stagnate appeared first on AMBCrypto.
AMBCrypto

Bitfinex Allegedly Covers $850 Million Loss With Tether Funds

Bitfinex Allegedly Covers $850 Million Loss With Tether Funds The New York Attorney General’s office has alleged that crypto exchange Bitfinex lost $850 million and subsequently used funds from affiliated stablecoin operator Tether to secretly cover the shortfall, according to an announcement published on April 25. Attorney General Letitia James revealed that her office obtained […] Cet article Bitfinex Allegedly Covers $850 Million Loss With Tether Funds est apparu en premier sur Bitcoin Central.
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