Bitcoinexchangeguide.com: Crypto Analysis Company Mainbloq Launches New Algorithm To Automate Trading Activities


FinanceMagnets.com: Mainbloq Launches Algorithm Suite for Crypto Trading

The suite has 8 algorithms to offer.

News ( CryptoCurrency 

The crypto analysis company has launched a suite of cryptocurrency trading algorithm to automate the trading process.

MainBloq has kept the suite versatile considering the wide spectrum of the crypto trading market. The company’s algorithm can be used within its proprietary order management system. It has also launched API support, which will enable the algorithm to be integrated into any third party OMS or EMS, detailed the April 4th announcement >> READ MORE


LGO Markets, the New Industry Standard for a Safe, Secure & Transparent Digital Asset Exchange

LGO Group CEO Hugo Renaudin

LGO Group announced Monday the launch of LGO Markets, a digital asset trading platform dedicated to institutional clients. Trading on LGO will start on March 11th, 2019.

Institutional investors have been waiting for a reliable and suitable infrastructure to enter the cryptocurrency market. With this in mind, LGO Markets has been specifically designed to remove the main hurdles faced by institutions: risk and lack of transparency.

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The company is committed to providing a highly secure and trustworthy environment for its clients. Data and volume manipulation are prevented through the use of blockchain technology. Trading on LGO Markets also means no counterparty risk as clients hold their funds (non-custodial). LGO Markets aims to be fully compliant with regulations and is currently applying for a BitLicense and a FINRA broker-dealer license.

LGO Markets’ platform will initially offer a physically settled Bitcoin to USD spot market. Hugo Renaudin, CEO of LGO Markets added: “This could be considered as the simplest financial product, yet it does not exist in the cryptocurrency market. By bridging the processes of traditional financial exchanges and the benefits of blockchain transparency, LGO is built to be the reference venue for institutional digital asset trading .”

As for now, more than ten institutional clients have already joined the platform. They are mainly OTC trading desks, hedge funds, crypto businesses, and market makers.

The company is aspiring to bring innovative solutions to the financial markets, where all representations of value can be exchanged seamlessly, transparently and with less risk thanks to the blockchain technology. Frédéric Montagnon, Co-Founder and Executive Chairman of LGO Markets, added: “This launch is only our first step towards achieving our long term mission. We see an opportunity to accompany the whole financial industry to transition to blockchain and distributed ledger technology. By rolling out our offer on the Bitcoin market, we position ourselves to become the leading exchange for blockchain-based assets - whether cryptocurrencies or tokenized traditional financial contracts .”


Samsung Galaxy S10 includes storage for digital currency private keys

Samsung’s latest flagship phone will include a dedicated secure storage function designed for cryptocurrency private keys.

CoinDesk - Samsung Confirms Galaxy S10 Will Include Private Crypto Key Storage
CryptoNews - The Mystery of Samsung's Galaxy S10 Private Key Storage Remains
Forbes - Samsung Confirms Galaxy Fold And S10 Security Surprises

The news that Samsung added a private key storage to its new Galaxy S10 smartphone shook the crypto world, as many have taken it as a sign of endorsement from the South Korean tech giant. However, as details are scarce, many are wondering what “hardware storage” the company announced and why it wasn’t mentioned during keynote presentations.

 New Samsung Galaxy S10 Includes Baked-In Storage for Private Keys
New Samsung Galaxy S10 Includes Baked-In Storage for Private Keys

Samsung announced in February that their newest phone, the Galaxy S10, will include secure storage for its users’ cryptocurrency private keys.

The company made a press release detailing the phone’s many features, notably including Samsung’s proprietary defense platform, Samsung Knox, which will feature secure private key storage that it claims is specifically “for blockchain-enabled mobile services.”

Baked-in support for cryptocurrencies in smartphone platforms is not completely unique to the space, although this initiative by Samsung represents a major step for the technology’s integration into mainstream products. As it stands, there are currently two smartphones that support crypto assets: HTC’s Exodus 1 and Sirin Labs’ Finney.

These two phones have seen much more limited adoption than any product Samsung could release for several reasons....


BlockEstate real estate security token: STO Analysis

BlockEstate is planning to launch its very own security token offering (STO). According to the official whitepaper, the idea behind the project is pretty simple:

Proceeds from the STO will form a fund that can then be used to purchase promising real estate in U.S. (North and South Carolina) with profits from the leasing or resale of the real estate being used to buy out and eventually burn the native token, a.k.a. BEAT. This method will increase the cost of the tokens over time. The remaining profit goes to the acquisition of new real estate and the cycle continues.

The investment will be of two types: long-term and stable assets which are expected to get a 6-9% per annum and high-yielding but risky assets with an expected yield of 15-30% per annum.

The investment scheme is further described in the whitepaper. In particular:

Token

Thanks to its partnership with Polymath, which is responsible for the release of the BEAT security token, the underlying asset will be built according to the ST-20 standard on the Ethereum blockchain. The total number of tokens offered for sale is 100 million but the team has the right to issue an additional 10% for its members in the case of a full collection of caps and an increase in the fund’s estimate of at least 25%. This tokens will serve as a form of performance fee with the BlockEstate team. Team tokens are locked for five years.

In terms of the distribution of proceeds from the STO, the main part (93-99%) in the first year will go to direct investment in long-term real estate projects as described in the scheme above; 0.5% per quarter for operating expenses; and 1-7% of the fund’s value will be held in dollars as a reserve.

Profit Sharing...


‘Bull Cross’ Points to Positive Bitcoin Market Shift

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  • Bitcoin’s three-day chart is showing a bullish crossover of the 5- and 10-day exponential moving averages for the first time since July. The crossover looks decisive as both EMAs are now trending north, validating the bearish-to-bullish trend change signaled by the high-volume triangle breakout seen on the 3-day chart.
  • The cryptocurrency could test December highs above $4,200 in the near term.
  • A minor pullback to $3,800 may be seen in the next 24 hours, as signs of bullish exhaustion have emerged on the hourly and 4-hour charts.
  • The bullish case would weaken if BTC finds acceptance below $3,614 (the low of the previous three-day candle), but that currently looks unlikely.

A much-followed bitcoin (BTC) price indicator has turned bullish for the first time in seven months, indicating a trend change in the market.

On the three-day chart, the 5-candle exponential moving average (EMA) has crossed the 10-candle EMA from below – the first decisive bullish crossover since July 17, 2018.

Back then, BTC was trading above $7,300 and the crossover was followed by a rally to highs above $8,400 on July 24.

Moving average crossovers help identify shifts in momentum. A bearish-to-bullish trend change is confirmed when a short-term moving average crosses through a long-term average from below.

Many would argue that EMA crossovers are lagging indicators. While that is true, crossovers between the short duration averages help traders distinguish between bullish and bearish scenarios. The long-term MA crossovers like the “golden cross” (bullish crossover of the...


Bitcoin (BTC) transaction average & median fees

Transaction fees make the bitcoin blockchain go round. The miners are compensated for their efforts, not only through inflationary block rewards but also through fees charged to users for adding their transaction to blocks. While fees on average make up about 4% of the total miner revenue per day, with the lion’s share coming from block rewards, sometimes economic shocks cause those fees to rise.

The average fee per transaction is approximately $1.63 with the median being $0.88 over the past five years. The fees are the prices charged for a transaction to get into the limited space of a 1 MB block that occurs every 10 minutes. This results in about 1,800 transactions (~556 average transaction size in bytes) that are able to fit into a block. If the standard 144 blocks are mined per day, we observe a ceiling of about 260,000 transactions per day. Thus there is always a backlog of unconfirmed transactions that reside in the mempool awaiting miners to select them for inclusion in the blockchain.

According to Blockchain.Info, there are about 3.4 million bytes awaiting inclusion in the mempool. Miners will usually include the transaction with the highest fees and work their way down as capacity dwindles to the lower fee transactions. Imagine you are commuting to work and...


Coinbase users can now withdraw Bitcoin SV balances to external wallets

Coinbase Finally Makes Bitcoin SV Funds Available for Withdrawal

If you’re a Coinbase user, you may have seen some new tokens on your account. The Bitcoin Cash chain split into two different chains back in November. It means that if you held Bitcoin Cash on November 15, you became the lucky owner of Bitcoin SV and Bitcoin ABC. And Coinbase just started handing out Bitcoin SV to its users if you’re involved in the split.

The split happened because Bitcoin Cash developers couldn’t agree on an upgrade. Some developers backed an upgrade to the code called Bitcoin ABC while others defended a more conservative update dubbed Bitcoin Satoshi Vision (Bitcoin SV).

Coinbase Users Can Now Withdraw BSV to External Wallets

Major American cryptocurrency exchange Coinbase now allows its users to withdraw Bitcoin SV (BSV) balances to external wallets, according to an announcement published on Feb. 14.

BSV appeared following a hard fork in the Bitcoin Cash (BCH) blockchain in November of last year. The for resulted in two new coins; Bitcoin SV and Bitcoin ABC. The camp for Bitcoin SV (Satoshi’s Vision) was lead by Australian computer scientist Craig Wright, who has previously declared himself to be Bitcoin creator Satoshi Nakamoto.

After the hard fork, Coinbase users holding BCH received an equal amount of BSV, however the exchange has, until now, not provided an option for...


JPMorgan to Launch JPM Coin Digital Currency

JP Morgan is rolling out the first US bank-backed cryptocurrency to speed up payments.

In a move commentators may see as unlikely, the multinational lender will use its newly developed asset, dubbed “JPM Coin,” to increase settlement efficiency, initially within three of its operations.

Speaking to CNBC, Umar Farooq, who leads JPM’s blockchain focus, appeared buoyant on blockchain technology’s perspectives at the bank.

“So anything that currently exists in the world, as that moves onto the blockchain, this would be the payment leg for that transaction,” he told the network:

“The applications are frankly quite endless; anything where you have a distributed ledger which involves corporations or institutions can use this.”

JPM Coin will initially focus on international settlements by major corporations, helping speed up transactions that currently take a day or longer using extant options such as SWIFT.

JPMorgan Chase & Co. has officially become the first U.S. bank to launch its own digital token representing a fiat currency. Per a press release and interview issued on Valentine's Day, the bank has announced the creation of JPM Coin, a blockchain-based technology which will facilitate the transfer of payments between institutional clients. The coin has important differences from preexisting cryptocurrencies like bitcoin, primarily because it is redeemable at a 1:1 ratio for fiat currency held by JPMorgan.

JPM Coin is essentially a tool to help with the instantaneous transferring of payments between some of JPMorgan's clients. In order for an exchange of money between client parties to take place over a blockchain ledger, a digital currency must be used to facilitate the transaction. JPM Coin is the tool which helps to complete that process in a more efficient manner than traditional settlements.

JPM Coin itself is not money in the traditional sense. Rather, it is a digital token which represents U.S. dollars which are held by JPMorgan Chase. It maintains a value equal to one USD. Assuming that JPMorgan Chase deems the initial launch of JPM Coin to be successful, the bank has indicated its plans to use JPM Coin for additional currencies as well in the future.

The process by which clients will utilize JPM Coin is relatively straightforward. First, a client deposits a sum in a particular account and receives corresponding JPM Coins. Next, these coins can be used to facilitate transactions across a blockchain network and...


Mainbloq launches Streaming Smart Order Router for trading cryptocurrency

We are thrilled to officially release our first "TradeBloq" module which is the first of its kind, and a critical part of the infrastructure needed for the digital asset markets to scale efficiently.

- Mainbloq offers best execution to sophisticated digital asset traders through their xSOR Smart Order Router which has direct, streaming connections to exchanges for the fastest and best execution.

- Their Smart Order Router is live and currently trading cryptocurrency for their clients.

- Each client receives a dedicated Smart Order Router to execute from.

- The Smart Order Router can be used stand-alone or can be integrated into other trading platforms via API.

Mainbloq launched their Streaming Smart Order Router for trading digital assets. The Router has direct market access via streaming connections to exchanges enabling the fastest execution. It executes cross-exchange trades for the best price with the click of one button.

"We've heard a lot of the other platforms talk about their plans to build a Smart Order Router," said CEO Peter Bordes, "but we are live today and know we have the best, most sophisticated technology. Our system is built by a team of Wall Street trading veterans looking to bring the sophistication of the street to digital assets."

"Not all smart order routers are created equal," said CIO Marc Deveaux, "The purpose of a Smart Order Router is best execution, so if you're using a third party servers and APIs you're already behind. We create direct, streaming connections to exchanges to snipe as quickly as possible. Our process for normalizing data is unparalleled."

Mainbloq's Smart Order Router currently has connections to over 100 exchanges and can trade over 30,000 currency pairs.

"This is just the beginning," said Peter Bordes. "We're building a best-in-class cloud-based modular platform joining data, tools, research, and insights for digital assets. It's time that crypto got more sophisticated."

About Mainbloq
Mainbloq is a data, research, and technology company focusing on blockchain and digital assets. Their streaming Smart Order Router gives clients access to cross-exchange pools of liquidity with direct, streaming connections to exchanges for the fastest and best execution. Mainbloq offers a cloud-based modular platform, and suite of trading algorithms, the ability for clients to integrate their own algorithms, and consulting services to help client's execute on their trading strategies. Mainbloq is building the best-in-class platform for researching and trading digital assets. For more information visit www.mainbloq.io.

Contact
Ryan Kuiken 
Ryan@mainbloq.io 
VP, Sales and Business Development