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Another Wall Street Trader Moves to a Cryptocurrency Exchange, Talents Migrate

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Wall Street is losing a lot of talented individuals in rather quick succession. Steve Hunt is the latest individual to join this growing list. He is the former CTO of Jump Trading and has been acquired by Kraken, the popular cryptocurrency exchange. It is not the first time talent is poached from Wall Street, nor will it be the last.

Jump Trading CTO Jumps Ship

Trading firms are rather common in Wall Street. While these companies pay a lot of attention to new payment technologies, cryptocurrency is still not making too many inroads. Or so it would appear, as a lot of executives active on Wall Street are looking into this nascent market. Over the past eighteen months, several people have left the financial world in search of success in the Bitcoin world.

Steve Hunt is the latest individual to do exactly that. He is best known for his stint at Jump Trading. This secretive trading firm has been active in the Bitcoin trading industry for quite some time now. As such, it seems a bit odd Hunt would decide to leave this growing company in search of a completely different venture. Jump Trading uses high-speed trading strategies. Steve Hunt oversaw the technical side of this company, as he was their chief technology officer.

Big was people’s surprise when Hunt left Jump Trading back in November of 2017. The departure was rather unexpected, but it seems a bigger plan was set in motion behind the scenes. Popular cryptocurrency exchange Kraken has been looking to hire additional staff since that same period. One of the open positions is a vice president of engineering. That role has now been filled by none other than Steve Hunt himself.

A Smart Move by the Kraken Exchange

This hiring spree by Kraken was direly needed. The company received a lot of negative attention because of its partially degraded performance. The company has undergone a major transformation ever since. Its trading engine, frontend, and backend are all running a lot smoother. To ensure this system remains operation, Steven Hunt will be tasked with keeping an eye on things. Company CEO Jesse Powell commented on Kraken’s plans in 2017 as follows:

“Where a Wall Street vet may not have the most relevant experience (i.e., cryptocurrency gateways), they could certainly help us with trading system technologies. In addition to developers, which we were always actively hiring, we are looking to bring on a VP of engineering, regulatory affairs counsel, trader, compliance manager, product manager, recruiter, and treasurer, just to name a few.”

It is not the first time a cryptocurrency firm attracts talent from Wall Street. Coinbase, Circle, and other companies are all going through the same motions these days. This seems to confirm all of these exchanges will pay more attention to high-speed trading in the near future. It is a positive development for this booming industry a swell. Bitcoin is slowly maturing, and the service providers are evolving alongside it.

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Bitcoin

Bitcoin is Not Real

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Bitcoin

Bitcoin is not real, and any purchase amounts to speculation, says ECB’s ex-chief as he pours cold water on cryptocurrency. The European Central Bank’s former president Jean-Claude Trichet said he is doubtful that cryptocurrencies can ever become the future of money, becoming the latest monetary authority to pour cold water on the simmering technology that seeks to disrupt and disintermediate global central banks from their control of currencies.

“I am strongly against bitcoin, and I think we are a little complacent,” Trichet said during a panel discussion at Caixin’s 10th annual conference on Sunday in Beijing. “The [crypto]currency itself is not real, with the characteristics that a currency must have.”

Buying a cryptocurrency is “in many respects pure speculation,” said Trichet, who led the ECB from 2003 to 2011, after a decade as governor of the Bank of France. “Even if [the cryptocurrency] is supposed to be based on underlying assets, I am observing a lot of speculation. It is not healthy.”

Trichet’s comment echoes the concern shared by global central banks about the threat posed by cryptocurrencies, for their decentralisation of traditional currencies, disruption of the global financial system and hindrance to monetary authorities in controlling the value of money. The ECB’s board member Benoit Soeure went as far in September as warning that cryptocurrencies could “challenge the supremacy of the US dollar,” in a report on CNBC.

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BitMEX platform now in Trade-mate.io

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BitMEX

Nowadays, the monitoring of all the statistics regarding exchange accounts and the management of all the potential forces that can lead to alterations, crucial data for all the traders, has become more accessible thanks to a well-known platform, called Trade-mate.io.

This platform constitutes the project of a very experienced team with significant contributions in the field of automated systems. In this platform, the traders can carry out exchanges either automatically or manually, and they can use Binance and Poloniex crypto exchanges as well. Other than that, the users can also benefit from the BitMEX trading platform via Trade-made.io, making their life easier.

Trading on BitMEX

BitMEX is a trading platform that provides to his users the ability to participate in the financial market worldwide by using the so-called bitcoins. This platform is the first one where investors are provided with crypto derivatives that give the possibility to execute transactions with a higher profit margin, with leverage up to X100.

Although, because of the emerging technical issues during the implementation of BitMEX via API have prevented many large exchange platforms of adopting it, that didn’t dissuade the Trade-mate.io of integrated it, widening its users’ potentials even more.

Minimizing the risk of loss

Even though the X100 leverage scenario is very attractive to all the traders, the risk of loss must not be overlooked. Even the most experienced traders are not fully protected from such a great risk ratio, as the price of the triggered order is too close to the elimination zone, which can lead to an X100 loss. On the grounds of that, Trade-mate.io has set an X20 limit at the trading leverage to protect its investors from a great loss of their deposits.

Cross-margin

Cross-leverage hides big risks, as it uses all the available funds in an account’s balance to cover an open position. If the price is moving in the right direction, the leverage will be reduced as well as the collateral due to the accumulated profit. Albeit, in the case, that the leverage will escalate, as a consequence, there will be a total loss of the initial funds. In other words, when the position is opened and the order is liquidated, the entire balance will be reset.

Because of its highly risky nature, the cross-leverage is not recommended for risk-averse investors. It may be advisable for risk-neutral users, as it offers the ability to calculate again the size of the leverage, which will vary within acceptable values.

Because of its high-risk nature, the Trade-mate.io does not support cross-leverage.

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Why use Trade-mate.io platform

One of the most important features of the Trade-mate.io platform is the fact that an order is placed with a take profit and stop loss simultaneously and, they can be altered either automatically or manually, providing to the investor with the opportunity to make Smart Trade functions.

A Smart Trading process consists of two types of orders, the limit order, and the market order. In the first case, an order is placed at the price of interest and when it riches the specified level, the order is activated. In this case, the order is pending. In the case of the market order, the purchase or the sale of an instant market asset is made at that moment.

Trailing mode

The trailing mode is a Smart Trade’s function that rearranges the orders based on the specified parameters, allowing the trader to minimize the risk and to increase his profits. Trailing mode consists of three orders:

1. Trailing take profit

In this case, the order parameters change the value of floating take profit and the default setting is 1%. As the price attains the level of the determined take profit, the take profit is being automatically moved to the set value until the price is no longer changing.

2. Trailing stop loss

The difference with taking profit is that, in this case, instead of taking profit, the taking loss is the one that is moved as the price increases and it remains stable when the price is decreased.

3. Trailing ladder

Here, as soon as an order is opened, the take profit and stop loss are triggered concurrently. In more detail, when the price approaches the first level of taking profit, the stop loss is moved to the break-even point. This will continue until the price crosses the stop loss line and the sell is activated.

It should be emphasized that this mode is not included in the BitMEX platform or any other crypto exchange.

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Edit a task

In the trade-mate.io platform, the traders are also able to edit the current task without canceling it, unlike with other crypto exchange users where the users are obliged to cancel the old task in order to create a new one.

In the Trade-mate platform, the task can be edited before the order is been activated. The traders are able to cancel the task, to change it in case they want to sell cryptocurrency when the price has reached desirable levels or to average it. By this can be benefit traders dealing with leverage, as once they have created an order, they are able to edit it in the meantime, making the whole process more simple.

Last but not least, in this platform, the traders possess the ability to change even the control panel and to make it comfortable for them to use it. They can move the elements in the control panel and adjust them at the most convenient for them positions by just dragging them around the screen.

Copy on BitMEX

BitMEX gives the opportunity to its traders to copy trades from other trades, the so-called auto trading. In addition, traders who execute successful trading on the crypto market, they receive incomes from the subscribers. That’s why Trate-mate.io selects only the traders with the highest ratings in order to guide others. Again, for the safety of its users, the leverage for auto trading will be no more than X5. In this way, liquidating balances are prevented.

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Lone Bitcoin Whale Likely Fueled 2017 Price Surge, Study Says

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Binance

A Texas academic created a stir last year by alleging that Bitcoin’s astronomical surge in 2017 was probably triggered by manipulation. He’s now doubling down with a striking new claim: a single market whale was likely behind the misconduct, seemingly with the power to move prices at will.

One entity on the cryptocurrency exchange Bitfinex appears capable of sending the price of Bitcoin higher when it falls below certain thresholds, according to University of Texas Professor John Griffin and Ohio State University’s Amin Shams. Griffin and Shams, who have updated a paper they first published in 2018, say the transactions rely on Tether, a widely used digital token that is meant to hold its value at $1.

“Our results suggest instead of thousands of investors moving the price of Bitcoin, it’s just one large one,” Griffin said in an interview. “Years from now, people will be surprised to learn investors handed over billions to people they didn’t know and who faced little oversight.”

Tether rejected the claims, with General Counsel Stuart Hoegner arguing in a statement that the paper is “foundationally flawed” because it is based on an insufficient data set. The research was probably published to back a “parasitic lawsuit,” the general counsel added.

Bitfinex and Tether aren’t new to controversy. The exchange is owned and operated by the same executives who control Tether, and multiple traders have questioned a key assertion about the coins — that each one is backed by one U.S. dollar. The tangled web has attracted scrutiny from the U.S. Justice Department and New York’s attorney general, who accused Bitfinex in an April lawsuit of trying to hide the loss of hundreds of millions in customer funds.

Griffin and Shams’s hypothesis that Bitcoin was manipulated is based partly on the theory that new Tethers are created without the dollars to back them and then used to buy Bitcoin, leading to rising prices. The authors examined Tether and Bitcoin transactions from March 1, 2017 to March 31, 2018, concluding that Bitcoin purchases on Bitfinex increased whenever Bitcoin’s value fell by certain increments. Griffin and Shams didn’t name the entity on Bitfinex that they think was responsible. They shared their updated research with Bloomberg News.

“This pattern is only present in periods following printing of Tether, driven by a single large account holder, and not observed by other exchanges,” they wrote in their new peer-reviewed paper, set to be published in a forthcoming Journal of Finance. “Simulations show that these patterns are highly unlikely to be due to chance. This one large player or entity either exhibited clairvoyant market timing or exerted an extremely large price impact on Bitcoin that is not observed in aggregate flows from other smaller traders.”

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A-share blockchain stocks rally on hopes of investment explosion

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Bitcoin Drop

Stocks of many Chinese blockchain technology-related A-share firms rose to the daily limit of 10 percent immediately after stock markets opened on Monday, amid expectations that more capital would be funneled into the sector following official endorsement.

Feitian Technologies Co, a Beijing-based supplier of smart-card-based security solutions and products, saw its stocks rise 10 percent to 14.85 yuan ($2.10). Previously, the company said it had released equipment for the safe storage of blockchain-based digital currency.

Shunya International Martech Beijing Co, a Beijing-based integrated communications firm, also saw its price rise 10 percent to 18.92 yuan.

In September, Shunya announced that one of its joint stock companies specialized in the application of blockchain technology in the real economy, including supply chain finance, smart ports and blockchain-based food traceability management.

Bitcoin’s price had reached $9,728.93 as of press time, up roughly 22 percent from Friday, data from Coindesk showed.

Chinese President Xi Jinping urged increased efforts to speed up development in this sector, underscoring the important role of blockchain technology in the new round of technological innovation and industrial transformation.

Following the news, Shenzhen Xunlei Networking Technologies Co soared 107.76 percent to $4.82, its highest daily rise since its listing on Nasdaq in 2014.

In October 2017, Xunlei announced it was transitioning from an online services provider into a blockchain company, and released a blockchain-based product named OneThing Cloud.

Other companies, including Beijing Certificate Authority Co, IT solutions provider Yusys Technologies Co and cryptography technology-based information security equipment provider Westone Information Industry Inc, soared to the daily limit on Monday.

The Chinese president’s endorsement of the technology is expected to enhance market appeal for blockchain shares and boost investment, said Yang Delong, chief economist at Shenzhen-based First Seafront Fund Management Co.

“But the application of the technology still has a long way to ago. We need to follow whether or not these public companies really implement the national policy and invest in research and applications,” Yang told the Global Times.

On October 24, Zhongguancun Science Park announced financial support for the research and development of 2,920 small technology companies, including dozens of blockchain-related firms such as innovative blockchain platform Beijing-based ASCH, one-stop blockchain technology service firm Chinaup and Oracle Chain. Details about the subsidies have not yet been made available.

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Bitcoin Suisse Makes Strategic Investment in CoinRoutes

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Bitcoin Suisse, the oldest and largest crypto-financial services company in Switzerland announces the purchase of a sizeable minority stake ($3 million) in CoinRoutes Inc., a leading US/Swiss-based trade automation and trade intelligence provider. Bitcoin Suisse has used the CoinRoutes software for over one year and fully integrated it into its own brokerage and trading platform.

As a crypto brokerage firm, the efficient handling of client orders is key and requires sophisticated trading systems which involve smart routing of orders and fast trade execution. For a full year, Bitcoin Suisse has tested the Smart Order Routing and patent-pending Consolidated Best Bid & Offer (CBBO) technology of CoinRoutes, integrating it into its platform and using it to deliver premium brokerage and trading services to its international crypto asset client base. Now Bitcoin Suisse has invested directly in CoinRoutes, acquiring a $3 million share of the company’s US entity.

Niklas Nikolajsen, the Chairman of the Bitcoin Suisse Group said: “CoinRoutes provides important infrastructure for our operations and we have been absolutely satisfied with their technology for the past year. We are glad to have acquired both a firm partner and a large shareholder position in the company and we look forward to working closely together with Coinroutes in the years to come and to help the company realize its full potential.”

As part of the investment, Nikolajsen will join the Board of Directors of both CoinRoutes’s US and Swiss entities.

David Weisberger the CEO of CoinRoutes Inc. added: “Bitcoin Suisse is an ideal partner and shareholder of CoinRoutes, being one of the world’s largest crypto brokers and crypto financial service providers. We welcome our new partner as we continue our quest together to bring Best Execution to crypto investors around the world.”

The crypto asset market continues to see volatility even as prices have settled over the past several months after a rapid rise from the beginning of the year. These and other trends continue to offer investors significant trading opportunities. The usage of CoinRoutes smart routing technology allows Bitcoin Suisse to execute trades at best prices across all major crypto asset exchanges, with whom Bitcoin Suisse maintains close relationships as part of its prime brokerage services.

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Who Owns Bitcoin? Private Law Facing the Blockchain

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Bitcoin Drop

The widespread use of virtual currencies and other crypto assets may lead to problems that have been well-known for centuries in private law.  The media reveal on an almost daily basis numerous cases of transfers that are the result of either fraud or coercion. Less reported, but equally possible is that the transferor commits a mistake or lacks legal capacity when making the transfer. Besides problems with faulty transfers inside the blockchain (which may be called ‘endogenous problems’), there may also be a need to change the blockchain because of events that take place outside of it (to be called ‘exogenous problems’). Examples include the opening of insolvency proceedings or a succession into the estate of the holder of crypto assets.

The Distributed Ledger Technology (DLT) is incapable of dealing with both types of problems: Neither does it provide a mechanism to reverse faulty transfers, nor does it allow for a transfer of title outside the blockchain. DLT was designed to avoid the risk of double spending, yet it does not solve other problems that are standard in private law.

One could of course simply try to impose the ordinary rules of private law on the blockchain, such as those on fraudulent transfer or on the effects on insolvency. Two characteristics of the DLT make this enterprise very tricky. The first is the irreversibility of the blockchain. Once a transaction is recorded, it becomes virtually impossible to correct or delete it from the ledger. How can private law fulfil its corrective function under these circumstances? The second problem is caused by the a-national nature of the DLT. Before one can apply any rule of private law, one needs to clarify the governing law. Private international law is centred on the idea that the legal system with the closest connection applies. Yet given that the DLT is not connected to any particular state, how can such a connection be identified?

I have dealt with these questions in a recent paper forthcoming in the Minnesota Journal of Law, Science & Technology. The gist is as follows: The irreversibility problem can be resolved by the obligation to make a transfer. For instance, a person who has received a certain amount of Bitcoin by error could be obliged to send back the same amount. A transfer obligation may also be the remedy of choice to effectuate the rights of an insolvency administrator or the heir of an estate.

As for the applicable law, the UK Financial Markets Law Committee has made a number of proposals for factors connecting the DLT to a legal system. They range from the choice of the governing law (dubbed ‘elective situs’) to the place of the relevant operating authority (‘PROPA’) to that of the primary residence of the coder. These factors work best for permissioned networks with a governing authority and a number of identified nodes. They do not, however, provide an answer for permissionless networks where the coder is unknown, such as Bitcoin. In the latter case, there seems to be no other solution than to renounce the identification of one particular governing law. Instead, different national laws should be applied that correct blockchain records where necessary. For instance, the law of torts is the appropriate instrument to rectify the consequences of a coerced transfer, and the law of restitution could be used to ordain the retransfer of crypto assets sent by mistake. These laws can be easily identified using the classic connecting factors, such as the place of the tort or the place of enrichment, because they point to facts outside of the blockchain.

In sum, the validity of a blockchain transfer should not be assessed using the ordinary concepts of property law. Instead, the ledger should only be corrected where necessary by a transfer obligation under an applicable national law. This solution seems, in my view, attractive because it (1) stays clear of an overly assertive role of the law that would make the DLT inefficient and ultimately unviable, (2) corrects its results only to the extent necessary, using the forms and procedures of the DLT and (3) dispenses with the need for identifying one national law governing the blockchain by distributing the applicable rules among the various affected legal systems.

The proposal developed in my paper does not entirely exclude any role of property law concepts for the blockchain. Yet it reserves their application to those cases where an applicable law can be clearly identified—eg by a choice of law embodied in the code of the ledger. Moreover, it leaves the precise rules and consequences to the applicable law. In this way, it is open to conceptions of private law for the DLT that may be developed on the national level.

Matthias Lehmann is Professor of Law at the University of Bonn.

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KoreConX Launches KoreNodes in 23 Countries

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COSS

KoreConX is excited to announce the launch of KoreNodes in twenty-three countries and five major regions around the world. Our KoreNodes are for trusted and regulated stakeholders to validate and record digital securities transactions on the KoreChain, a permissioned blockchain built on Hyperledger Fabric.

The Infrastructure of Trust in the global private capital markets has the following essential components: entities regulated in one or more jurisdictions, compliance with securities regulation and company law in multiple jurisdictions, and an enterprise-class technology to facilitate compliant capital markets activity. Examples of regulated entities include broker-dealers, secondary market operators, lawyers, auditors, transfer agents, due diligence providers, KYC/AML providers, share registries, corporate registries, custodians, regulators, etc. The KoreChain, a permissioned, enterprise-grade blockchain, ensures business validation and consensus of transactions among these participants, recording the final transactions in an immutable, decentralized, and fail-safe distributed ledger.

“The way to really improve private capital markets is to connect-together the existing regulated entities that service this market, no matter their size or location, and streamline and standardize processes in much the same way that broker-dealers have connected into stock exchanges, ATSs, clearing organizations and other entities,” said David Weild, “Father” of the Jobs Act, former Vice Chairman of NASDAQ, and Founder of Weild & Co. “We need regulated professionals to work together in a system to create a broader ecosystem that they trust, in order to simplify execution, compliance, and distribution while reducing direct and indirect costs.”

Michael Nall, CM&AA, CGMA, CPA, Founder of the Alliance of Merger & Acquisition Advisors, said, “Small to medium private companies worldwide, to grow or transfer an ownership interest, need cost-effective and timely access to capital and supporting professionals that they can trust. Moreover, these private companies are best served by the personalized attention and focus from specialists who are best positioned to collaborate with similar professionals in other jurisdictions. The tokenization of securities on a permissioned blockchain in an Infrastructure of Trust is the catalyst that will revolutionize this fragmented ecosystem.”

KoreNodes are a mechanism for regulated entities to participate in the KoreChain. Only entities that are regulated in at least one jurisdiction are allowed to operate KoreNodes. Moreover, each KoreNode owner endorses only those transactions for which the operator is responsible and has regulatory accountability. All transactions are required to be fully compliant with securities regulation and company law in various jurisdictions, and KoreNodes help ensure there is strong governance over securities transactions.

“As trusted business counsel, our clients look to us to protect them and help them navigate through the labyrinthine securities regulations and corporate law. Conducting business with other parties who belong to the Infrastructure of Trust and use immutable digital securities on the KoreNodes enhances confidence for everyone,” said Anessa Allen Santos, Managing Attorney, Intellilaw.

The KoreChain does not circumvent regulations or disintermediate any of the regulated entities in the private capital markets. The KoreChain and KoreNodes are an implementation and expression of the vision and values behind the Infrastructure of Trust for the private capital markets worldwide.

“Investors need reliable and credible information about opportunities in the private capital markets,” said Sara Hanks, CEO of CrowdCheck. “Corporate due diligence reports that are powerful and easy to understand are one of the most important weapons against fraud that we offer. When the supporting information and other participating entities are also connected through KoreNodes in the Infrastructure of Trust, the investors are protected even more and in multiple ways. We are eager to tap into this community of trust that ultimately benefits not only investors but all the other participants.”

“Everyone has revolutionary ideas for disrupting capital markets. But disruption should not cause loss of confidence or open the door to fraud,” said Rick Klink, Managing Director, Finplex. “The Infrastructure of Trust where only regulated entities can participate is a welcome revolution where governance mechanisms exist for the protection of investors and ensure full compliance while excluding no one.”

“We will be rolling out our KoreNodes to the over 375 KorePartners we have worldwide. This is only the starting point for us,” said Jason Futko, Co-Founder of KoreConX, Global Ecosystem. “We are inviting the world capital markets participants to join this ecosystem, and we are not going to exclude anyone who meets the standards, no matter their size or jurisdiction. It is time to really make a change.”

A KoreNode is the fundamental way to participate in the Infrastructure of Trust. Each KoreNode consists of the physical infrastructure that runs the blockchain code, the chaincode (smart contracts), and the governance mechanisms.

Kevin Saunders, Partner, Non Correlated Capital, said, “This Infrastructure of Trust is exactly the solution our industry needs. This is going to transform how I can help my clients access capital worldwide and work with other broker-dealers, law firms, secondary markets, and investors. This is a Game Changer for my business.”

KoreNodes are hosted in global hosting facilities from leading Cloud providers such as IBM, Amazon, Google, Microsoft, and Digital Ocean. These industrial-strength Cloud environments provide highly secure, highly available, fault tolerant environments, with automated recovery and backup.

“An effort of this magnitude can only start with careful attention to the needs of the private capital markets ecosystem,” said Dr. Kiran Garimella, Chief Scientist and CTO, KoreConX. “This was possible due to the feedback and encouragement from our KorePartners, leading academics, and scientists. The business architecture drove all our technology decisions. This is very exciting for us and our KorePartners as we are poised to rapidly implement numerous other processes to fully achieve the vision of the Infrastructure of Trust.”

Each KoreNode maintains a copy of the distributed ledger of securities transactions. Access to data is available only to regulated entities and only to those transactions in which they are involved, either as parties or for governance. KoreNodes implement strict privacy rules.

“KoreConX has a knowledgeable and dedicated team and we are excited at the progress they are making,” said Bobby Brantly, Merj Exchange. “MERJ and KoreConX share the same mission, to narrow the gap between public and private capital markets. We look forward to integrating with the impressive network of companies, investors and service providers that they have built upon their application layer.”

“Including regulated entities and law firms in the Infrastructure of Trust through KoreNodes is a key part of strengthening the trust needed in private capital markets. More trusted, fluid, private capital markets can help companies achieve their goals faster,” said Michael Bacina, Partner, Piper Alderman Blockchain and Fintech Group.

KorePartners who are also regulated entities become KoreNode operators to enjoy numerous benefits. They are a key part of the Infrastructure of Trust, where they get to influence the creation of new digital financial instruments and new functionality of the KoreChain. They will be able to integrate their internal systems to facilitate fluidity in the markets and have access to special insight reports as and when available.

According to George O’Krepkie, CEO, AX Trading, “The emergence of blockchain has rejuvenated the private capital markets to the point where we are going to see a true transformation. What many did not realize is that we needed an infrastructure that would bring everyone together, so we can have a seamless ecosystem to bring companies to secondary markets and to provide liquidity to investors.”

Finally, KoreNodes get first priority in connecting with issuers as well as enjoy special mention on all KoreConX websites. The KoreNodes will function as a mutually supportive and collaborative ecosystem, empowering individual participants without disintermediating them.

CEO of Libra Project, Hans Fraikin, said, “As entrepreneurs, we face many challenges. We need to trust capital market applications and our service providers. We became KoreConX clients and adopted the entire suite of features and their digital securities protocol because we knew that what they were accomplishing was to bring the world closer to companies like us. We are the benefactors of this Infrastructure of Trust.”

“I spent nearly a decade with a Canadian Securities Regulator, and in all my years then and even now, I have not seen any participant voluntarily giving regulators access to information in real-time, unless it is to meet a regulator’s mandate,” said Jonathan Heyman, Director of Compliance at KoreConX and formerly with the Ontario Stock Exchange. “This move with KoreNodes is groundbreaking and is the reverse of what regulators around the world are accustomed to. In this new digital era, it’s necessary, and our strategy is to invite everyone to our Infrastructure of Trust, including the Securities Regulators.”

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Most Profitable Option of ВTC Gambling

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If you decide to make money on sports betting or on playing bitcoin poker, the website of the reliable company will easily provide you with the suitable opportunities.

The process of earning crypto currency is now greatly simplified thanks to the special feature of the presented bookmaker office, ВTC gambling 1xBit.com. Such type of entertainment allows the users to spend some quality time and earn digital assets at the same time and same place!

The reliable office offers its customers to take advantage of all the benefits available to them. If you decide to start your way in gambling here, you will certainly appreciate the following features:

 

  • Bonus offers. All new customers of the bookmaker can get a nice bonus during registration, which can be used right away.
  • Simplicity. Registration on the site takes only a couple of minutes, and the navigation here is very clear even for those who came here for the first time.
  • Wide opportunities. The company’s customers are able to not only try their hand at BTC gambling on 1xBit.com, but also bet on sports to increase their digital assets.

In any case, the cooperation with the reliable bookmaker office will bring users positive emotions, opportunity to put their knowledge into practice and use cryptocurrency without any additional costs.

Try your hand at bitcoin poker

Gambling can be a source of stable income for you even in the long run. We should also mention bitcoin poker https://www.1xbit.com, presented on the website of the trusted bookmaker. This version of the game will help you to not only convert your knowledge into profit, but also get cryptocurrency at no additional cost.

If we talk about sports betting, then the proven platform offers a wide selection of sports. According to user reviews, the most popular of them are:

  1. Football
  2. Basketball
  3. Tennis
  4. Hockey
  5. Volleyball
  6. Boxing
  7. Cybersports

In football, the sports season has already begun in most European national championships. The English Premier League is the most popular and strongest of them. Currently, the leader of the standings in Liverpool, which has not a single defeat. The previous year, the Reds became vice champions, losing the coveted title to Manchester City. The team of Josep Guardiola, who became the champion of the 2018/2019 season, now ranks second, but everything can change over the long tournament distance.

After all, the most important thing is that the customers are able to choose the most profitable options for them based on their own preferences.

 

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CME Group to Launch Bitcoin Options in Q1 2020

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Bitcoin Charts

CME Group, the world’s leading and most diverse derivatives marketplace, today announced it will launch options on its Bitcoin futures contracts in Q1 2020, pending regulatory review.

“Based on increasing client demand and robust growth in our Bitcoin futures markets, we believe the launch of options will provide our clients with additional flexibility to trade and hedge their bitcoin price risk,” said Tim McCourt, CME Group Global Head of Equity Index and Alternative Investment Products. “These new products are designed to help institutions and professional traders to manage spot market bitcoin exposure, as well as hedge Bitcoin futures positions in a regulated exchange environment.”

Since their launch in December 2017, market users have rapidly adopted CME Bitcoin futures for their hedging and trading needs. There have been 20 successful futures expiration settlements and more than 3,300 individual accounts have traded the product since inception. Year to date, nearly 7,000 CME Bitcoin futures contracts (equivalent to about 35,000 bitcoin) have traded on average each day. At the same time, institutional interest continues to build with the number of large open interest holders reaching a record 56 in July.

CME Group is the only derivatives marketplace where customers can hedge or trade benchmark options on futures across every investable asset class, with average daily volume of 4.3 million in 2019 to date. By launching Bitcoin options, the company is providing clients with additional tools for precision hedging and trading.

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Why You Should Mix Your Bitcoin

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Cryptocurrency hackings are at all-time highs in 2019, meaning proper security of your bitcoin is of the utmost importance. Bitcoin thieves are smarter than ever, using means to identify accounts belonging to you that are for the most part unknown and unconsidered by the average cryptocurrency user. Because the blockchain is a permanent ledger of all transactions, it may be easier than you think for a thief to locate the source of your bitcoin funds and trace them back to a wallet which they may then attempt to hack. It is also easy for parties who are the recipient of your bitcoin address to track and study the movement of your bitcoin, revealing your spending habits. This is why it is important to make use of a bitcoin mixing service such as SmartMixer in order to throw unwanted attention off the trail of your bitcoin or other cryptocurrency funds.

What is a Bitcoin Mixer?

A bitcoin mixer (or bitcoin mixing service) such as SmartMixer is a service that anonymizes a person’s bitcoin by mixing it with other bitcoin and depositing it into a new, unrelated address. Bitcoin is sent to the mixer address, combined with coins from several other sources, shuffled around, and redistributed in different amounts to different addresses. This helps to disguise the source of the bitcoin, making it hard to trace back to its origins.

How Does SmartMixer Work?

SmartMixer offers a few different options to go about mixing, depending on the level of security of which the user is interested. The first, most basic option is known as the “Standard Pool” option. In this option, a user’s coins are mixed with coins from other users who have selected the same method. The second option is “Smart Pool.” This option combines coins from different Smart Pool users along with private coins from SmartMixer’s own reserves, as well as coins from their investors. The most secure option is known as “Stealth Pool.” This option mixes user coins with coins only from SmartMixer’s reserves and their investors, excluding coins from other users.

How Do I Get Started?

First, it should be noted that no account is needed to use SmartMixer. Simply visit the website and select the type of coin you wish to mix (SmartMixer currently supports BTC, ETH, LTC and BCH) to begin. Next, you will be asked to enter in one (or several) receiving addresses at which you want your mixed coins to be deposited. There are a couple of different customizations from which to choose if more than one deposit addresses are being used, including setting the length of time between each deposit and the percentage of total coins sent to be deposited at each address. You will also choose the percentage fee which you wish to pay, with different fee ranges corresponding with different mixing strength options. After you have finished customizing your mixing setup, click “Continue” to be presented with the address to which you will deposit your coins to be mixed. After your coins have been received, the mixing process will begin.

For an additional layer of privacy, users can access the SmartMixer website through the tor browser in order to remove any trace of their IP address or location from the process. Users can also take advantage of SmartMixer’s referral program and earn commission by sending others to SmartMixer.

Simply put, using a bitcoin mixer is a standard security practice that should be employed by anybody who is serious about maintaining the privacy of their cryptocurrency funds and usage. SmartMixer is making this process safer and simpler than ever before, meaning that cryptocurrency users, both new and experienced, can enjoy enhanced levels of privacy and protection without the worry of losing their coins.

For more information and to begin mixing your coins now, visit the SmartMixer website at https://www.smartmixer.io.

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