Connect with us

Blockchain

Bitcoin futures market notes the lowest trade volume in 2020

Avatar

Published

on

Bitcoin was down by 3 percent YTD. The cryptocurrency has so far failed to recuperate from the yearly highs as it continued trading below $9,500. The effects of the recent fall were not only limited to the retail side of the industry. Even on the derivatives side, it witnessed a slump. On the 11th of June, Bitcoin dropped from $9,934 to $9,293. Two days later, Bitcoin futures market noted the lowest trade volume in 2020.

According to the latest Skew chart, BTC Futures volume on the 13th of June was less than $4 billion. Despite the recent price action, Bitcoin has been stable for the last couple of weeks as no sudden price swings took place in the month of May. The lack of volatility in the underlying crypto’s price action could have induced the downturn in BTC Futures volume.

Moreover, it was also observed that the halt in the trade volume was found in the non-regulated derivative platforms such as Binance, BitMEX, OKEx, and Huobi. BitMEX, for instance, recorded liquidation of a total of over $75 million positions on that day which caused its open interest to take a plunge. Notably, these platforms use BTC Futures more like a daily trading tool rather than a hedge.

With respect to regulated industry giants such as CME, where traders use BTC Futures as a hedge, open interest, as well as volume, remained relatively stable as opposed to their unregulated counterparts.

In addition, options market has also witnessed some crucial developments. The market, which mostly consists of some of the most knowledgable industry traders, also deviated on two fronts. Firstly, trading on a daily scale appeared to have stagnated as low volatility persisted in the market. Secondly, many BTC options traders have contracts expiring by 26 June 2020 with over 100,500 BTC Options contracts expiring.

With Bitcoin’s price attempting to cross $9,500, the low BTC Futures volume and the expiration of the options contracts could steer  Bitcoin’s value in either way.

Your feedback is important to us!

Source: https://eng.ambcrypto.com/bitcoin-futures-market-notes-the-lowest-trade-volume-in-2020

Blockchain

TRAMS DEX Propels Global Adoption of DeFi with Automated Market Maker (AMM) protocol

Avatar

Published

on

 

TRAMS DEX Propels Global Adoption of Defi with Automated Market Maker (AMM) protocol, as Industry Leader VIP Guests, Global Participants, and Management Team concludes Webinar Session Marking a Successful First-Phase Launch.

 

VIP Speakers Unanimously Acknowledge Perfect Market Timing of TRAMS DEX in Decentralized Finance Industry, High Industry Growth Factors, Following 2 Hour-Long Launch Session.

The TRAMS DEX founder and senior management team today concluded a high-impact webinar session as an official launch of its Automated Liquidity Provider protocol, the first of three phases for TRAMS’ Decentralized Finance Business. Industry leader VIP guests and participating members pledge support for open finance and Defi for creating more access to financial products at much lower costs to anyone on demand.

The launch took place in District Singapore, Republic Plaza 9 Raffles Place with a Zoom Webinar hosting a global Defi community and TRAMS DEX protocol members/users community. The discerning VIP panels and participants from ranging continents stencil the much-needed change in the financial sector especially in traditional banking plagued with corruption and scandals where only a small closed and selected groups are the main beneficiaries.

The webinar introduces the protocol with its open finance principles and guides participants into the operations with these key points: TRAMS DEX is one of three key operations from the TRAMS ecosystem with the main operating principle of Decentralized Finance (Defi). TRAMS DEX is an Automated Liquidity Provider that enables better and faster user interactions with digital assets. With the innovation of the Automated Market Maker (AMM) solution, traders can easily exchange digital assets at any time with guaranteed market supplies from the liquidity pool without giving up the custody of their digital assets. As a decentralized exchange, TRAMS DEX is able to create open access opportunities for participation without discrimination and any controlling institution barrier.

At TRAMS.io, anyone with an Internet connection and a Web 3.0 wallet can gain access to liquidity where otherwise would be ineligible through traditional finance or banking. TRAMS DEX operates a Decentralized Exchange that offers three (3) impactful functions with a minimal user interface designed for clear navigation.

The first function, global liquidity access or buyable, sellable, or tradable market access. Users of the protocol can easily gain access to “constant” liquidity with a simple crypto assets swap function at a minimal cost of 0.3% transaction fee. Direct wallet connections are automated as well with a few simple clicks. All transactions are secured with blockchain encryptions and conducted on-chain with transaction data records automatically recorded for open access viewing on Ether can in real-time.

The second function, make money from idle assets. TRAMS DEX creates a money-making model for liquidity providers (LPs) on the platform. By supplying idle crypto assets to any pools listed on the protocol, the LP earns a profit share generated from the swapping fees on TRAMS DEX. The liquidity provider profit sharing is proportional to contribution. Profits are calculated at least once every twenty-four hours (24 hrs). True to open finance principles and Defi, participating LPs can withdraw their contribution at any time without any fee or penalty.

Thirdly, earn a high passive income. The TRAMS DEX incentive model lets participants earn high passive income in the form of yields, calculated in APY% (annual percentage yield), simply by staking (or depositing) its native token (TRAMS) on the platform. This encourages participants to remain active on the platform and better maintains constant liquidity reserve. This translates to double benefits for participating LPs, more profits are added on-top of the profit-sharing earning from staking LP tokens on TRAMS DEX.

TRAMS DEX is accessible constantly 24/7 to anyone globally. All associated costs of operations are kept very low and precise by utilizing automated smart contracts and AMM trading algorithms for trade executions and operations. Compared to traditional financial institutions and banks, TRAMS DEX provides better, cheaper, more accurate services.

Bryan Feinberg of Plato Data Intelligence, the Founder/CEO of Etheralabs, commented from New York City via Zoom video call with the support of blockchain as the fundamental architecture of TRAMS DEX and Defi space which offers high data security and transaction transparency for users. As a member of the Blockchain Venture Advisory, he believes Decentralized Finance such as TRAMS DEX has a high adoption rate and direct use case for blockchain applications.

Mamadou Toure, Forbes 10 Most Influential person in Africa and President/CEO of Ubuntu Capital Group, tributes TRAMS DEX for providing access channel to liquidity where traditional banking and capital access are limited to non-existent. He further acknowledged the opportunities TRAMS DEX would create for users world-wide to easily finance business initiatives.

Victor Kong, CEO of VK Capital Digital Funds Pte Ltd endorses William Tien, TRAMS DEX’ Founder/CEO, for his vision and ambition in creating a Decentralized Ecosystem starting with TRAMS DEX following by TRAMS Finance and TRAMS Assets, for phase 2 & 3, respectively, as an alternative to private equity funds for real estates and infrastructure projects with a portfolio size of 1-10 million USD. TRAMS DEX removes the high barrier to entry by drastically reducing mandatory due diligence costs of raising capital, which remains the same as a 50 million USD project. He also credits the intention of listing the ecosystem, TRAMS DEX included, on the London Stock Exchange via reverse IPO within 3-6 months.

 

 

Continue Reading

Blockchain

Self-Sovereign Decentralized Digital Identity

Avatar

Published

on

Time & Date: Wednesday, Nov 4th, 2020
8:30 AM Eastern Standard Time

Speakers: Marco Aniballi (BlockBlox)
Luke Stokes (FIO, EosDAC)
Alex Puig (Caelum Labs)
Gordon Einstein (CryptoLaw Partners)
Sander de Bruijn (Crypto Entrepreneur)

Zoom Info: https://zoom.us/j/89200977541

 

Continue Reading

Blockchain

Kucoin and Revain Announce Partnership

Avatar

Published

on

Before deciding to buy or apply for any service, consumers are primarily interested in doing their homework via the ability review via 3rd Party Objectivity based on what other people are thinking.

This is especially true for the blockchain universe. The success of Bitсoin and Ethereum has given rise to thousands of young projects that are as complex as they are innovative.

In order not to get lost in multiple offers of wallets, exchanges, and cryptocurrencies, Internet users are starting to look for reviews to guide their decision-making process.

The revain.org project began to use blockchain to keep all reviews unchanged. This gives trust to the community and allows users to learn with the ability to interact with both projects that interest them and the communities they represent.

Trust can play an extremely important role for serious companies. The KuCoin and Revain projects have started cooperation for the common benefit of both communities. The Revain Widget implemented on the main page of one of the leading exchanges allows visitors to read and write reviews directly on the platform.

Companies that have already achieved success should understand that the review widget increases a conversion rate and provides additional traffic.

And there are other pluses as well

For example, why would you buy products on a mystery shopping service if you can simply read a ready-made review on the Revain website?

And it will be fair, fast and, most importantly, it’s free.

It’s not a surprise when blockchain technologies are used in the crypto community. But the Revain Project doesn’t intend to stop there and has serious plans to expand the topic on which the writers will write reviews.

It’s important for people that the review includes pros and cons.

This could stem from concerns about fake reviews, and an underlying assumption that balanced reviews feel more authentic than reviews that are overly or exclusively positive.

Consumers want retailers to have better technology, offer more services, and establish better personal connections. Consumers think about what good shopping experience looks like in the first place. Therefore, when people read or write a review, they pay attention not only to the facts but also to the feelings that appeared after the purchase from the company to which the review was then written.

When there are feelings, it is important to preserve a zone of trust and comfort

The usual advertising channels carry information about the product and the brand. But they do not contain the emotions of other buyers. The buyer chooses where he will share his buying experience.

And it is especially important that the credibility of the review that is written on the seller’s website does not reach heaven. It is very important to have an independent platform, the need for which has been ripening for a long time in the Internet community.

Therefore, reviews are written on the Revainplatform. You can display these reviews on your website using a simple widget. Thus, customers will see the independence of the review and at the same time, they can read it without leaving your site.

Of course, there were sites for reviews, they exist now and will continue to appear. But a project like Revain meets the expectations of ordinary people and businesses as much as possible. After all, reviews cannot be deleted or falsified because of blockchain. The hash of each review is kept for centuries.

Because of this, some reviews may seem funny as their authors decided to add some new facts or correct mistakes later. I recommend visiting and reading such reviews. A very interesting experience.

 

Source: Rinat Arslanov has been the Co-Founder and CEO of Revain since its inception. He describes his passion for Revain as a life project for him. He is currently doing his Ph.D. at Plekhanov Russian University of Economics and is expected to complete his doctorate in 2022.

Continue Reading
Blockchain15 hours ago

TRAMS DEX Propels Global Adoption of DeFi with Automated Market Maker (AMM) protocol

AI15 hours ago

AI Contact Tracer Awarded at UNLV

Press Releases15 hours ago

Bixin Ventures Announces $100M Proprietary Capital Fund to Support Global Blockchain Ecosystem

Press Releases15 hours ago

SHANGHAI, Oct 26, 2020 – (ACN Newswire)

Start Ups16 hours ago

CB Insights: Trends, Insights & Startups from The Fintech 250

Press Releases16 hours ago

Valarhash Launches New Service Series for its Mining Hosting Operations

zephyrnet16 hours ago

Trends, Insights & Startups from The Fintech 250

Cannabis21 hours ago

Current Research on Effect Specific Uses of Cannabis

Covid1922 hours ago

How Telemedicine Can Help Keep Your Health on Track

Start Ups23 hours ago

Website Packages – Good or Evil?

Blockchain23 hours ago

Self-Sovereign Decentralized Digital Identity

Cyber Security1 day ago

Best Moon Lamp Reviews and Buying Guide

Cyber Security1 day ago

Guilford Technical Community College Continues to Investigate a Ransomware Cyberattack

Cyber Security1 day ago

IOTW: Will There Be An Incident Of Impact On Tuesday’s Election?

AI2 days ago

Spookier Or Safer: How AI Autonomous Cars Alter Halloween Trick-Or-Treat Activities 

AI2 days ago

Busy Week for Google: Search Enhancements, Followed by an Antitrust Suit  

AI2 days ago

Federal Government Investments in AI Beginning to Pay Off

Blockchain News2 days ago

Mastercard and GrainChain Bring Blockchain Provenance to Commodity Supply Chain in Americas

AR/VR2 days ago

Win a Copy of Affected: The Manor for Oculus Quest

AR/VR2 days ago

The Steam Halloween Sale has Begun With Themed Activities and Updates

AR/VR2 days ago

Warhammer Age of Sigmar: Tempestfall Announced for PC VR & Oculus Quest, Arrives 2021

Crowdfunding2 days ago

I Dare You to Ignore This Trend

Blockchain News2 days ago

Bitcoin Price Flashes $750M Warning Sign As 60,000 BTC Options Set To Expire

AR/VR2 days ago

Star Wars: Tales from the Galaxy’s Edge to Include VR Short ‘Temple of Darkness’

Blockchain News2 days ago

Bitcoin Suffers Mild Drop but Analyst Who Predicted Decoupling Expects BTC Price to See Bullish Uptrend

Blockchain News2 days ago

AMD Purchases Xilinx in All-Stock Transaction to Develop Mining Devices

Cyber Security2 days ago

Newly Launched Cybersecurity Company Stairwell

AI2 days ago

How 5G Will Impact Customer Experience?

AR/VR2 days ago

You can now Request the PlayStation VR Camera Adaptor for PS5

Blockchain News2 days ago

HSBC and Wave Facilitate Blockchain-Powered Trade Between New Zealand and China

Blockchain News2 days ago

Aave Makes History as Core Developers Transfer Governance to Token Holders

Blockchain News2 days ago

Caitlin Long’s Avanti Becomes the Second Crypto Bank in the US, Open for Commercial Clients in Early 2021

Blockchain News2 days ago

KPMG Partners with Coin Metrics to Boost Institutional Crypto Adoption

Blockchain News2 days ago

US SEC Executive Who said Ethereum is Not a Security to Leave the Agency

Blockchain News2 days ago

MicroStrategy Plans to Purchase Additional Bitcoin Reserves With Excess Cash

Covid192 days ago

How followers on Instagram can help to navigate your brand during a pandemic

Cyber Security2 days ago

StackRox Announced the Release of KubeLinter to Identify Misconfigurations in Kubernetes

Cyber Security2 days ago

How Was 2020 Cyber Security Awareness Month?

Ecommerce2 days ago

Masks and More Outlet Donates Face Masks For Children In Local…

Ecommerce2 days ago

Clicks Overtake Bricks: PrizeLogic & SmartCommerce Bring Shoppable…

Trending