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Bitmain announces selling date of next-gen Antminer S17 series

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Bitcoin Scam

Bitmain, the world’s top 10 and China’s second largest fabless chipmaker, is putting their new energy efficient miners that mine cryptocurrencies based on the SHA256 algorithm, such as Bitcoin (BTC) and Bitcoin Cash (BCH), up for sale globally on 9 April 2019.

The key features of the Antminer S17 include: improved energy efficiency; higher hashrate and size compatibility with the previous S15 series.

The new miners in the 17 series include: Antminer S17 Pro, Antminer S17, and Antminer T17.

Ahead of the new model release, Yangxin, Product Manager of Bitmain’s latest Antminer series, reveals what went into the production of the new and improved 2nd generation 7nm ASIC BM1397 mining chips.

“The new miner offers a steep improvement in the hashrate in terms of space and power consumption,” said Yangxin.

The new chip equipped in the 17 series offers a 28.6 percent improvement in power efficiency in comparison with Bitmain’s previous 7nm chip, the BM1391.

Yangxin has specialized in the field of IC (Integrated Circuit) design for over a decade and currently manages miner production delivery, which includes system design and mass production. Here’s what he had to share on the following:

On the highlight features of the new Antminer S17, Yangxin said: 

“There are two key indicators to look for when measuring the quality of a mining machine: efficiency and the hashrate: 

The stand out features of the S17 are reflected in the following: 

  1. Improved performance compared to the previous generation chip. Improved energy efficiency has a big part to play in this.
  2. Higher hashrate in a single miner. This increases the hashrate density per unit space and saves deployment costs for mining farms.”

On the improvement of the 15 series and the 17 series Yangxin said:

“Electricity bills are very high for Bitcoin mining right now so the improved energy efficiency means a significant drop in costs and, thus, increase in profits. Secondly, the new miner offers a steep improvement in the hashrate in terms of space and power consumption. This will be especially meaningful for mining farms when you consider the investment needed with set up.

On what’s next and whether there is an incentive to develop higher hashrateminers beyond 7nm chips Yangxin said: 

“From a technical point of view, there is no end to the development of technology. However, in the short run, the driving force behind the development of next-gen miners beyond 7nm chips is slowing down due to physical limitations.

With the nm size shrinking quantum effects, among other new challenges, come into play. It is promising that TSMC (Taiwan Semiconductor Manufacturing Company) is already in the process of building 5nm chips. We will continue to follow the development of this technology but it is still early days.  

It takes several iterations to create new miners based on the next generation semiconductor process. The solutions to the challenges of nanometer scale mass production require more investment and further research and development.

Considering the rapid pace of development in this area in the past few years, the industry would soon have to find what the next generation would be. For the near future, 7nm would remain the most preferred in terms of performance and economics.”

The new Antminer 17 series will go up for sale on Bitmain’s official website on 9 April 2019.

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Technologies

Two Israelis Arrested for Phishing Fraud, Bitfinex Hack

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Bitfinex

Cyber crimes were always a part of the cryptocurrency space, with crypto exchanges being a lucrative target for hackers. And as the malicious attacks vary, the creativity of the attackers grows.

Two brothers from Jerusalem, Israel, were arrested by the cyber unit of the Israeli Police a few days ago for stealing cryptocurrency through a phishing scheme. According to a publication from today (Sunday) on the Israeli news outlet Ynet, the two managed to net $100 million. However, after reaching out to an Israeli Police spokesperson, Finance Magnates learnt that the sum is lower, and evolves around “tens of millions of dollars”.

Eli Gigi and his younger brother Assaf Gigi are suspected for a long and systematic theft of Bitcoin (and apparently other currencies as well) by accessing traders’ wallets, Israeli crime news portal Posta reports. The brothers allegedly set up fake crypto sites, mimicking prominent crypto exchanges and wallets, and lured traders to use them.

They did this by publishing links to those sites on Telegram groups and other trading oriented forums. After the traders clicked on the links and submitted their private keys, the information was collected by the brothers, who used it to transfer the crypto coins to their own wallets.

While this is considered to be their main practice, the police take into account that the brothers might have also used other schemes to net the money.

Another suspicion that was raised by the investigators was the brothers’ alleged connection to a 2016 hack of several accounts that traded on Bitfinex. However, the police spokesman refused to elaborate on that matter.

According to the Israeli Police, the victims are mostly EU and US citizens, and therefore the case is currently being investigated by “police cyber units in several countries”. However, at this moment there is no information on accomplices from other countries. The police are currently saying that the main goal of this multi-national cooperation is to retrieve the missing funds.

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While there’s still interest in cryptocurrencies, just one-in-ten understand how they work

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Secure Token

The Kaspersky’s report, ‘Uncharted territory: why consumers are still wary about adopting cryptocurrency’, reveals that whilst 29% of people have some knowledge of cryptocurrencies and there is a demand among many to use the technology, just one-in-ten (10%) fully comprehend how they work.

The rate in which cryptocurrencies are being adopted by global consumers is slowing down, despite celebrities like Johnny Depp and YouTube influencers such PewDiePie embracing the technology. Many consumers still lack a proper understanding of how cryptocurrencies work and this is continuing to halt mainstream adoption. To date, four-in-five people (81%) have never purchased cryptocurrency, highlighting just how far away we are from it being accepted as a common form of payment or investment.

Kaspersky’s survey found that there is a desire amongst many consumers to use cryptocurrency, but a knowledge gap is getting in the way of taking the plunge. In addition, many people who thought they knew with what they are dealing with, later decided against using cryptocurrency. Nearly a fifth (18%) stopped because it became too technically complicated.

This lack of understanding could be leading to mistrust in cryptocurrencies’ ability to keep consumers’ money safe. For instance, nearly a third (31%) of respondents stated that they believe cryptocurrencies are quite volatile and they need to be stabile before they are prepared to use them. There is also a common perception amongst consumers that cryptocurrency will not be around forever. A third (35%) believe cryptocurrencies are a fad that is not worth bothering about.

While widespread interest in cryptocurrencies may have already peaked, there is still a demand to use the technology. Almost every sixth (14%) of those surveyed said that while they are not using cryptocurrency at the moment, they would like to do so in the future. Yet there is still doubt amongst consumers – often led by a fear that there is a real risk to their finances. Fraudsters can use cryptocurrencies to their advantage, with around one-in-five (19%) of those surveyed saying they have experienced hacking attacks on exchanges. Criminals also create fake e-wallets to attract people to unwisely invest their money, and 15% of consumers have been victims of cryptocurrency fraud.

Following several years of cybersecurity research into crypto start-ups, Kaspersky recommends crypto businesses adopt best security practices for smart contract developers, use proven frameworks for smart contracts (such as https://openzeppelin.org/) and conduct a third-party assessment of the smart contract to ensure any potential vulnerabilities are not missed.

“It is clear that mainstream adoption and growth of cryptocurrency is being held back due to the vulnerable nature of the technology. While there is a high appetite to use it, giving your hard-earned cash to something you don’t fully understand, or trust, is a hurdle. With the safety of investments being of paramount importance to consumers, it is vital that they take their own steps to safeguard it. Like with any cyberthreat, there is no substitute for vigilance – if something looks too good to be true, then it probably is. If you want to trade crypto-assets on any exchange, pay attention to the safety of your account’s credentials. If your goal is long-term investment or use crypto-currencies for payments, then store it in safe environments and use multiple wallets, or distribute between both software and hardware. We also encourage crypto businesses to organize themselves effectively to show they are able to protect their customers’ investments,” Vitaly Mzokov, Head of Commercialization at Kaspersky comments.

To help improve stability and foster trust in cryptocurrencies, Kaspersky partners such as Merkeleon have developed legitimate marketplace platforms, online auction platforms, cryptocurrency exchanges and crypto payment systems.

“Cryptocurrency certainly has its benefits but, as we can see, many consumers are still unaware of what they are due to concerns over security and how the technology works. It is an exciting industry to be involved in but it is one that is built upon trust. It is, therefore, imperative that cryptocurrency businesses do all they can to protect their networks and ensure their customers’ finances are safe and secure,” explains Alexey Sidorowich, Head of Sales and Business Development at Merkeleon.

For further information on how we provide transparent and powerful protection for crypto-trading platforms and token offering projects, please click here. To learn more about protection for consumers, please visit our website.

To find out more about how consumers feel towards cryptocurrencies, visit https://www.kaspersky.com/blog/cryptocurrency-report-2019/

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Fast-Growing BiKi.com Secures Investments from Genesis and FBG Capital

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Biki

12th June, Singapore, Singapore – Fast-growing cryptocurrency exchange BiKi.com has recently attracted yet another slew of investments, this time from influential blockchain investment institutions Genesis Capital and FBG Capital.

biki

Crypto fund Genesis Capital’s purported mission of discovering and supporting early-stage projects with the most potential is particularly apt in the case of BiKi.com. In under a year, the infant exchange has managed to accumulate more than 1.2 million registered users and more than 100K daily active users, not to mention its impressive climb to top 15 rankings on the rungs of the global crypto exchange ladder. Genesis’ current investment portfolio includes esteemed projects the likes of Tron, Quarkchain, Egretia and Arcblock, to name a few. In total, Genesis has invested 2 million in BiKi.com, the first million on 27th May followed by another million on 29th May.

Previously backed by Silicon Valley VC Sequoia, digital asset management firm FBG Capital, whose past investment projects have increased 10 to 100 times, has also set its sights on BiKi. FBG has long gained industry respect for discovering and investing in projects such as 0x, Zilliqa, OmiseGO, IOST and Aelf, years before they became successful. FBG’s strategic investment in BiKi will see multi-level co-operation between the two parties which includes FBG providing professional and market resources that will aid BiKi in increasing its market share and implementing trading platform improvements. The enthusiasm of FBG CEO Zhou Shouji, who has been featured on the cover of Forbes, has certainly improved branding for the young exchange, with his friendly recommendations of BiKi skyrocketing the value of its token by 300% in one week.

“We are extremely honored that FBG has such great faith in Biki,” said Ethan Ng, CEO of BiKi.com SEA. “FBG has continually shown amazing foresight in their investments and this partnership is a clear signal that FBG believes BiKi is going places; especially now, with their support, we will no doubt achieve even better project quality, services and branding.”

Not Just Another Exchange

Notably, BiKi.com’s strategy of listing not only the top 100 most popular tokens but also  emerging high quality projects on the exchange has stood it in good stead. With the tendency of investors to flock to trending projects, using users to attract other users is a core competitive advantage for exchanges.

Its focus on conversion marketing during a bear market in late 2018 and early 2019 using unconventional user-growth tactics has also proven to be effective. By converting a non-crypto audience into new exchange users through Chinese e-commerce platforms, BiKi was able to generate daily real transaction volumes of 20 to 100 million USDT, with its net profit in May reaching RMB 10 million, approximately USD 1.5 million.

Targeting foreign market expansion within a competitive timeline, building community partners worldwide as well as providing substantial support for listed projects also sets BiKi apart from its peers.

With corporate giants like Facebook, Goldman Sachs, JP Morgan coming out with digital currencies, coupled with mainstream media’s constant coverage, cryptocurrencies have finally gained mass acceptance. Should market conditions continue to improve, a high influx of new investors entering the market can be expected, with exchanges being the greatest benefactors of this new wave of users.

As Huobi co-founder and BiKi.com’s largest investor Jun Du has gushed, “This year’s ‘miracle’ should belong to BiKi.”  With quality digital assets and strong consumer demand going hand-in-hand, BiKi will likely emerge a dark horse when the bull market breaks out again.

bikis

About BiKi.com

Headquartered in Singapore, BiKi.com is a global cryptocurrency exchange that provides a digital assets platform for trading more than 100 cryptocurrencies and 127 trading pairs. Since beginning operations in Aug 2018, BiKi.com is considered one of the fastest-growing cryptocurrency exchanges in the world with an accumulated 1.2 million registered users and 100,000 daily active users, ranking within the top 15 exchanges globally.

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Business

Why Cloud Mining when investing in Bitcoin?

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Miningzoo.com a perfect cloud mining solution just for you! With the trading war causing all the anxiety leading to stock price plummeting and bitcoin price skyrocketing, large institutions start to pour their funds into bitcoin investment gradually to diversify their investment portfolio.

Even if you do not long Bitcoin or consider it digitized gold, like Tim Draper and other investment gurus do, you might want to buy some bitcoin for diversification, an investment strategy taught in Yale’s Financial Markets class by Nobel laureate, Robert Schiller.

You can always buy bitcoin with cash, but if you hate to withstand its rollercoaster price but want to produce bitcoin yourself, what are the options?

First, you need to buy miners, which are costly. Second, you need to be able to operate the miners. This requires a lot of time, energy and of course know-how in technical set-up and assembling. How and where to set those miners up? And on top of these, various risks like technical failures and electricity blackout.

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MiningZoo’s cloud mining is an optimal alternative choice if you find the previous two ways too much trouble.

The advantages of cloud mining compared to buy and run mining machine yourself are obvious: it is noise-free, and saves you from personal maintenance and transportation troubles. The most important thing is that cloud mining revenue is more stable than investing and buying your own miners’ mining revenue. Of course, Cloud mining depends on which mining platform you choose. Choose a cloud mining platform with good reputation like MiningZoo. Then you can rest to collect bitcoin income every day! Leave all these to the professional staff with MiningZoo!

This is a quality cloud mining platform designed for your. The contract price for the same amount of mining power is the most value for money if you compare across all different cloud mining platforms.

Price Comparison Table:

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With MiningZoo, the daily cost per T mining power is as low as $0.076, and the electricity bill is as low as $0.0769 per day. Your annualized income will be over 200% if bitcoin price and bitcoins generation maintain the current status.

Once you place an order you can start mining right away. MiningZoo guarantees 100% uptime and cover system downtimes by using the most efficient and secure miners. You never suffer the loss of mining time due to system downtimes. MiningZoo is heavily investing in the best available hardware to stay at the edge of technology. For you, it is the easiest way of mining: no need to assemble rigs or to have hot, loud miners in your home.

MiningZoo, your premium bitcoin investment choice!

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Technologies

Fake Cryptocurrency Trading Site Pushes Crypto Stealing Malware

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DTCC

Malware distributors have setup a site that impersonates the legitimate Cryptohopper cryptocurrency trading platform in order to distribute malware payloads such as information-stealing Trojans, miners, and clipboard hijackers.

Cryptohopper is a trading platform where users can build models that will be used for automated trading of cryptocurrency on various markets.

In a new campaign discovered by malware researcher Fumik0_, attackers have created a replica of the Cryptohopper trading platform site that when visited will automatically download a Setup.exe executable as shown below.

This Setup.exe executable uses the CryptoHopper logo as its icon to make it seem like a legitimate offering from the trading platform, but is actually the Vidar information-stealing Trojan.

When executed, this Vidar variant will download required libraries and then install two Qulab trojans; one that acts as a miner and the other that acts as a clipper, or clipboard hijacker.

Due to the nature of the impersonated site, the potential for stolen credentials and 2 factor authentication information is particularly concerning.

As Cryptohopper is a cryptocurrency trading platform, if one of their users mistakenly goes to this fake site and installs the Trojan, their Cryptohopper credentials could be stolen and used to steal cryptocurrency stored on the platform.

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Technologies

Honeyminer is now Available on MacOS

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Honeyminer

Since the earliest days of Honeyminer, our mission has been to harness the computing power of every single connected device in the world – to enable everyone in the world to join the digital money revolution (and earn the most they possibly can).

When we look to the horizon, the future of technology is a world where computers do even more with us. We can see this already taking shape everywhere from robotics, leaps and bounds in artificial intelligence, and software that is slowly automating nearly everything we do.

Honeyminer now available on Apple computers

Now, in addition to the thousands of different hardware devices on PC we support, we are announcing general availability to mine with Honeyminer within the Apple Macintosh ecosystem.

Our MacOS software lets everyone mine easily, with the efficiency of the best professional mining software. We’re proud to include:

  • A seamless, one-click mining application
  • Balance view in satoshis or USD
  • Estimates of daily and monthly potential earnings
  • A full activity log with current mining statistics, currencies, and hardware utilized
  • Fully-integrated dashboard that works across all your hardware
  • Mobile dashboard view on our web app
  • Mining with CPU, GPU, or both simultaneously
  • Mining while your computer is idle
  • Withdrawals
  • Experience points, level up bonus,  and referral rewards
  • Dozens of the most profitable cryptocurrencies and algorithms to mine – automatically paid out in Bitcoin
  • And more

At Honeyminer, we love our Apple computers – and we’ve heard from hundreds of our community members that are excited to use the equipment they already own to mine. We are committed to providing the very best software and mining experience available in the world. (And if you think there’s things we should add or do better – please let us know on Twitter or in our Telegram community.) This is why we built Honeyminer for Mac.

Honeyminer runs in the background – mining with both your CPU and GPU. If you are running an older Mac model, you may see a pop up that recommends a specific settings for your machine. We do this is to ensure you have the best experience possible with Honeyminer!

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Technologies

Microsoft Outlook Email Breach Targeted Cryptocurrency Users

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Microsoft Store

Earlier this month, Motherboard revealed that contents of Microsoft’s email services were compromised. Multiple victims now say that hackers stole their cryptocurrency. Earlier this month, Motherboard broke the news that hackers were not only able to access Outlook users’ email metadata as previously reported, but also email content. The breach centered around a hacker getting hold of a Microsoft customer support worker’s login credentials; from there, the hacker could dive into the content of any non-corporate Outlook, Hotmail, or MSN account, Motherboard found.

Now, multiple victims have come forward to flag what they believe may be one of the motivating reasons behind the breach: emptying peoples’ cryptocurrency accounts.

“The hackers also had access to my inbox allowing them to password reset my Kraken.com account and withdrawal [sic] my Bitcoin,” Jevon Ritmeester, a Microsoft user that the company alerted to the data breach, told Motherboard in an email, referring to popular cryptocurrency exchange Kraken.

For verification purposes, Ritmeester provided Motherboard with the breach notification emails he received from Microsoft, as well as a screenshot showing what he said was an email forwarding rule the hackers set up: anytime an email mentioned the term “Kraken,” his account would automatically forward it to a Gmail address presumably controlled by the hackers.

Do you know anything else about this breach? You can contact Joseph Cox securely on Signal on +44 20 8133 5190, Wickr on josephcox, OTR chat on [email protected], or email [email protected]

That would include emails such as password reset and Bitcoin withdrawal requests. Indeed, Ritmeester only found someone had requested both of those after checking the trash of his email account, he wrote in a recent post on the tech forum Tweakers. In the post, he added that he lost just over 1 bitcoin, or around $5,000 at the current exchange rate.

It appears Ritmeester isn’t the only person who hackers stole cryptocurrency from due to the Microsoft breach.

“My account was hacked as a direct result of this,” Reddit user shinratechlabs wrote earlier this month, adding that they lost “25,000 in crypto,” although it’s not clear what currency they may be referring to, fiat or otherwise.

“Same exact for me only a lot less funds stolen, sucks,” another Reddit user, mickey_ficke, chimed in. Neither Reddit user responded to a request for comment.

“I feel Microsoft is trying to cover up and is not taking this seriously.”

In his post on Tweakers, Ritmeester said he didn’t have two-factor authentication enabled on Kraken, which may have kept the hackers out of this cryptocurrency account. If he had it enabled, the hackers may have had to take control of this phone number as well in order to intercept the two-factor authentication tokens, for instance.

A Microsoft spokesperson told Motherboard in an email on Monday that, “Customers who believe they have been impacted beyond what was outlined in the company’s notification should contact the Microsoft support team for assistance.”

Originally, when TechCrunch and other outlets reported the Outlook data breach, Microsoft said it only impacted email metadata and customer information, such as subject lines and the names of other email addresses users communicated with. After Motherboard presented Microsoft with evidence that email content had also been impacted, Microsoft revised its statement, despite already being fully aware that content was exposed; the company had issued breach notification emails to victims saying as much.

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Innovative Cryptocurrency Mixing Technology Offers Total Anonymity

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As the global take-up of cryptocurrencies increases, so does the regulatory and public scrutiny of digital transactions. The blockchain has long provided pseudo-anonymity for users from across the wide spectrum of industry sectors, but with that has come the growing demand for advanced security and identity protection.  

That is until now.

Introducing BitMix.Biz – the Secure Bitcoin Mixer

With growing numbers of global cryptocurrency holders expecting enhanced transaction security as standard; the need for a service that provides user anonymity has never been greater.

The mission of our service is to deliver unrivaled privacy to our growing number of users.

The way in which Bitcoin (BTC) or any other cryptocurrency transactions function is that public but entirely secure, but the non-anonymous log is created and chained together in a blockchain registry.

However, whilst these traceable records provide a trail from one chain to the next – by temporarily blending your inter-wallet funds with those of others the trail is disrupted.

It is a simple but highly effective way to deliver complete blockchain anonymity.  

The Secure Alternative to Crypto Transactions

By creating an order, the platform mixes a received amount of coins to disrupt the record back to the source. Whatever the source of funds, our digital solution provides the isolation need to ensure the user’s transactional security.

Completely anonymous service requests only the minimum of information to get set up and as an additional measure, all transaction logs, as well as any personal information, is deleted in less than 72 hours.

The Simple & Verifiable Coin Mixing Platform

To get setup is simple – all you need do is complete a short form and the account is created.

BitMix accepts BTC, Litecoin and will shortly be adding ETH to the currencies available. Once you have registered, select and send the amount that you wish to blend to the BitMix address and the coins will then be sent directly back as cleared coins after mixing, It’s a simple, fast and secure process!

In the interests of transparency, a fully verifiable Letter of Guarantee is also provided.

Lowest Commissions with Complete Privacy

With some of the lowest commissions in the industry, coupled with cutting edge technology means that no-one can access the user’s transaction history, the process could not be simpler.

In most cases (may take up to 24 hours) the transaction is instant and works like any other cryptocurrency service – BitMix just provide that additional level of privacy!

Leading Technology – The Future of Bitcoin Mixers

The system allows you to instantly clear your funds and provides unparalleled discretion. The technology is brand new but tested, proven and with thousands of happy users the Mix technology is continuing to prove a hit with the customers.

As an additional level of security, the system has a built in a feature that offers complete transaction randomization – simply select ‘auto-randomization’ to disrupt chain-analysis attacks by selecting two or more output blockchain addresses to deliver funds.

As the platform continues to grow so does our network, with attractive commissions you can also become part of the BitMix partnership network.

Join the thousands of users blending their coins today!

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Huobi DM To Launch Bitcoin Cash Contracts

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Huobi Group

Users will soon have even more flexibility and choices on Huobi Derivative Market (Huobi DM). Bitcoin Cash (BCH) service will go live tomorrow on the crypto asset contract platform and two more coins are scheduled to be launched before the end of May.

Inclusion on Huobi DM means traders will be able to take both long and short positions on BCH, allowing for arbitrage, speculation, and hedging. Since 2017, Bitcoin Cash’s value has fluctuated between $75.08 and $4,355.62.

In addition to BCH, Huobi DM offers weekly, bi-weekly, and quarterly cryptocurrency contracts for Bitcoin (BTC), Ethereum (ETH), EOS (EOS), Litecoin (LTC), and, as of last month, Ripple (XRP). Since its launch in late 2018, Huobi DM has grown rapidly, recently exceeding USD$92 billion in cumulative trading volume.

Features of Huobi DM:

  • Competitive fee structure for BCH: 0.02% to open or close for makers and 0.03% to open or close for takers.
  • Superior risk management: including Price Limit, Order Limit, and Position Limit.
  • Superior risk control: with the sophisticated price limit mechanism, no claw back has occurred since its launch.
  • Real-time risk supervision: Huobi constantly monitor contract prices, index prices, abnormal transactions, and positions.
  • Newly raised open position limits for all crypto contracts to up to twice their previous level and order limits to more than double their previous level.
  • User protections: To cover the societal losses attributed to unfilled liquidated orders/settle incidents in contract trading, Huobi also has a dedicated Risk Management Insurance Fund for each trading pair.
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Huobi DM Launches Ripple Contracts

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Ripple

The crypto asset contract service has launched Ripple (XRP) and revamped its user experience to include trigger orders and a streamlined user onboarding process.

“We’re always looking to serve our users – and the broader crypto community – better, so this was a natural decision,” said Ross Zhang, Head of Marketing for Huobi Group. “Adding XRP to our growing list of coin types on Huobi DM and improving our user experience are just further steps in our goal of building Huobi DM into the premier platform of its kind.”

Inclusion on Huobi DM means traders will now be able take both long and short positions on XRP, allowing for arbitrage, speculation, and hedging. Since 2014, the value of XRP has fluctuated between $0.002802 and $3.84, making Huobi DM a potentially powerful tool in managing risk and uncertainty.

In addition to XRP, Huobi DM currently offers weekly, bi-weekly, and quarterly cryptocurrency contracts for Bitcoin (BTC), Ethereum (ETH), and EOS (EOS), and Litecoin (LTC).

The Huobi DM team has also enabled trigger order functionality for the platform. Starting today, users can now utilize this type of pre-set orders to set take profits and stop losses. While trigger order functionality is currently limited to web applications, the Huobi DM team expects to enable it for mobile orders soon. Huobi DM has also streamlined its user onboarding process, eliminating the need for uploaded photos and instituting a handwritten signature requirement instead.

Features of Huobi DM:

  • Competitive fee structure for XRP: 0.02% to open or close for makers and 0.03% to open or close for takers.
  • Superior risk management: including Price Limit, Order Limit, and Position Limit.
  • Superior risk control: with sophisticated price limit mechanism, no claw back has occurred since its launch.
  • Real-time risk supervision: constantly monitor contract prices, index prices, abnormal transactions, and positions.
  • Newly raised open position limits for all crypto contracts to up to twice their previous level and order limits to more than double their previous level.
  • User protections: In addition to a 20,000 BTC Huobi Security Fund to protect users against catastrophic security failures, Huobi also has a dedicated Risk Management Insurance Fund for each trading pair.

Disclaimers: Digital assets are innovative trading products, and prices fluctuate greatly. Please rationally judge your trading ability and make decisions prudently. Please note that users must clear the requisite KYC checks and assessments prior to commencing usage of Huobi DM. Huobi DM is not available to users from the United States of AmericaSingaporeIsraelIraqHong Kong (China), CubaIranNorth KoreaSudanMalaysiaSyria, Samoa Eastern, Puerto RicoGuamBangladeshEcuador, and Kyrgyzstan.

For more information on Huobi DM, please visit www.hbdm.com

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