LGO Markets, the New Industry Standard for a Safe, Secure & Transparent Digital Asset Exchange
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 .”
MainBloq to present with FRST at Chicago Ethereum Meetup today
Join FRST + MainBloq 6pm tonight at WeWorks in Chicago. MeetUp info HERE
Blockchain technology is complex, dynamic, and ever-evolving, which is why we’re thrilled to be presenting at the Chicago Ethereum Meetup about blockchain analytics alongside our partner FRST enterprise-grade trading tools for digital assets.
The FRST team members Karl Muth, Patrick Gorrell and Jonas Frost will be presenting about the personification of wallets and how their platform allows research into the history, trading strategies, holdings, and relationships of wallets and have that data can be applied to public blockchain transactions. We think FRST’s data is impressive and we’re excited to be presenting with them.
I will be presenting the first ever public look at our Smart Order Router — a piece of technology that we believe will revolutionize the trading of digital assets. We allow traders to access deeper pools of liquidity faster than anyone else through our direct, streaming connections to dozens of exchanges. I’ll also be talking about our development of trading algorithms—TWAP, VWAP, IWAP, Iceberg, et cetera.
At Mainbloq we’re all about making cryptocurrency trading smarter. These are just some of our first steps. Going to be in Chicago? Come to the Ethereum Meetup and say hello! See details below.
‘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...
Blockchain Slashed Forex Trading Costs by 25% says HSBC Exec
An HSBC executive has said that the bank’s blockchain-based system has helped it cut the costs of settling foreign exchange trades.
Speaking to Reuters, Mark Williamson, chief operating officer of FX cash trading and risk management, who oversees the blockchain project, said that its HSBC FX Everywhere platform saved it 25 percent as compared with traditional methods.
Last month, the bank announced it had settled more than $250 billion in transactions using its HSBC FX Everywhere platform.
It said then that it had settled 3 million foreign exchange transactions and made a further 150,000 payments over the digital ledger system, which it has been using...
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
Crypto-Fracking: Why advanced smart order routing is the next frontier for crypto
The power of smart order routing infrastructure on the cryptocurrency markets is exponential... and necessary.
Hydraulic Fracturing, also known as fracking, is a process where a pressurized liquid is injected into rocks forming tiny fractures to allow petroleum and natural gas to flow freely in order to extract it. There is debate over its impact on the environment, but there is no doubt it has revolutionized global energy. Fracking has created the ability to extract oil and gas where it was not possible before—it has literally created more liquidity in energy. Smart Order Routing can do the same for digital assets.
Traders looking to buy and sell cryptocurrencies at the best price need to traverse dozens of exchanges and chip away their position with no guarantee that they’re getting the best price at the moment they execute their trades. There is a better way.
At Mainbloq we’ve integrated a Streaming Smart Order Router into our TradeBloq execution management system that solves these problems. With the press of one button trades are executed across multiple exchanges to ensure the best price. Our SOR has direct, streaming connections to all of the major exchanges ensuring trades are executed faster than anyone else. Smart order routing reduces slippage since all trades executed near simultaneously, the market making bots don't have time to widen the spreads when they spot a large trade.
Before fracking, oil and natural gas could only be extracted from large, easily accessible wells. Fracking recalibrated the economics of extracting energy from smaller, less accessible sources. The same applied to digital assets—it wasn’t feasible for sophisticated traders to efficiently make large trades—that changes today. Our Smart Order Router gives traders the ability to press one button and extract slices of liquidity across dozens of exchanges and currency pairs, at the best price.
Smart Order Routing is just one small piece of what we’re creating at MainBloq. We’re building a best-in-class cloud-based modular platform joining data, tools, research, and insights for digital assets. It’s time that cryptocurrency got more sophisticated.
Ready to trade smarter on the MainBloq +Schedule a Demo
Ethereum Price Analysis: ETH/USD: Here come the bears "Daily Gravestone Doji Candlestick"
- The Ethereum price is at risk of giving back the large gains from December 2018 – January 2019.
- Saturday’s daily candlestick closure produced a bearish gravestone doji.
The Ethereum price has continued to be a victim of narrowing trading, however signs are starting to show of the bears readying to regain full control. ETH/USD has been stuck within consolidation mode since 11th January, which has very much been observed across the crypto market. Over the last six sessions however, the range has tightened up even further. This type of behavior signals that an explosive breakout is near. Odds appear to be stacked in favor of the market bears for the next move.
At the close of Saturday’s close, a bearish gravestone doji was produced. Going by the textbook, this typically suggests another drop is imminent. Another deep drop wouldn’t be too surprising, given the hard fall earlier in the month. A fast period of aggressive market selling is usually followed by some range-movement, which its way of having a cooling off period. The pickup in downside momentum, after such a development, this time with greater intensity, is something that could very well be seen.
Ethereum developers have postpone Constantinople hard fork, crypto price impacted
The core developers of Ethereum have called for a delay to the activation of Constantinople, just hours before the long-awaited hard fork was scheduled to go live on the third-largest cryptocurrency’s network.
Ethereum Hard Fork Delayed
In a statement, the Ethereum Core Developers and Ethereum Security Community said that they decided to postpone the hard fork after security researchers identified a potential vulnerability in one of the software upgrades.
“Security researchers like ChainSecurity and TrailOfBits ran (and are still running) analysis across the entire blockchain. They did not find any cases of this vulnerability in the wild. However, there is still a non-zero risk that some contracts could be affected,” the statement read.
Because the risk is non-zero and the amount of time required to determine the risk with confidence is longer the amount of time available before the planned Constantinople upgrade, a decision was reached to postpone the fork out of an abundance of caution.
According to the statement, that potential vulnerability stemmed from EIP-1283, which introduces a cheaper gas cost for SSTORE operations. Researchers believe that it’s possible that had EIP-1283 been activated, certain smart contracts that are already running on Ethereum could have become vulnerable to reentrancy attacks.
ChainSecurity has published a more thorough explanation...
Bitcoin Bounces But Bears Still in Control: $BTC Price Analysis
Bitcoin price just pulled off a nice 10% bounce with the next level of resistance at $3,700. Let’s take a look at what can happen next?
Bitcoin Price: Market Overview
Bitcoin price $3645.85 +0.59% dropped to a new yearly low at $3,210 and the overall market cap now rests at $110.6 Billion. Clearly, bears are still running the show for BTC and the SEC’s final postponement of a Bitcoin exchange-traded fund decision didn’t seem to help.
Crypto-fanatics will now need to wait until January 24th for the launch of Bakkt and February 26th for a final approval or denial of a Bitcoin ETF from the SEC. If the cryptocurrency markets’ trend reversal is dependent upon either of these events then we’ve got a long way to drop waiting on the unpredictable outcomes of each of these events.
4-HR Chart
Bitcoin $3645.85 +0.59% broke below the $3,550 and $3,400 supports and the cryptocurrency will likely mean that $3,700 will post a stiff resistance to overcome. However, at press time, BTC price has managed to break above the $3,600 mark and now looks poised to test $3,700.
The bounce from $3,210 to $3,615 was...
Transitioning from bitcoin depression to disbelief to opportunity
Based on market cycle psychology, depression is the state where people have lost all hope in the market. They believe that the downtrend is a bottomless pit and the market will never again reach its former glory. This discourages everyday investors from entering the market when in fact, this is the point of maximum financial opportunity. Time and time again, markets bottom out when ordinary people have abandoned them.
This is exactly what we’re seeing in Bitcoin (BTC/USD). The hype that surrounded the cryptocurrency almost a year ago is completely gone. The interest over time, when looking at google trends, is at its lowest in 12 months. More importantly, many people believe that it can go significantly lower.
Current market sentiment maybe depressive but the charts show that the end is almost near. In this article, we show how Bitcoin may be transitioning from depression to disbelief.
A Comparison of Market Cycle Psychology Chart and Bitcoin Chart
Disbelief is the state where the market shows signs of life but participants ignore them. They do so because they think that the downtrend is not yet over and the rally is just another pump and dump scheme to slaughter newbies.
We believe Bitcoin is getting ready to make you a non-believer. To understand why we have this point of view, allow us to first show you the market cycle psychology chart.
Disbelief comes after a boring and depressed market. If you’ve been following Bitcoin’s price action since September, you’d know that the past few months have been the longest. Volatility has been almost non-existent. There were times when Bitcoin traded within a $10 range. At that point, we knew that Bitcoin was in a state of depression.
If you’re skeptical, the next chart should help alleviate your concerns.
Bitcoin daily chart over market cycle psychology chart
We overlayed the Bitcoin daily chart on top of the market cycle psychology chart and we have an almost perfect representation of market sentiment over the last twelve months.
Currently, the market is so depressed that...