- No products in the cart.
BEST SELLING PRODUCTS
Apifiny, a cross-exchange crypto-asset trading network, today announced the launch of its new Smart Order Routing (SOR), an advanced feature that allows institutional traders to automate and route orders across Apifiny’s 25+ connected exchanges for best price execution.
The SOR feature addresses critical crypto market fragmentation by enhancing the capabilities of multi-exchange trading through a single API and account.
Institutional traders are accustomed to using smart routing systems, and SOR is designed to automate and break down large orders and seeks to identify the best prices throughout networked exchanges to minimize any slippage in price.
Apifiny’s goal is to drive institutional adoption with technologies and tools that address problems within the crypto industry, specifically market fragmentation. In the past year, it has been reported that the crypto markets are so fragmented that even if the five largest exchanges were to merge, the new entity would still only command around 40% of the overall trading volume.
“In order to address liquidity fragmentation, smart order routing was the logical next step in the evolution of Apifiny’s platform. SOR has proven to be a key tool in stock trading and allows for hedging against fragmentation by analyzing the market and executing orders towards a unified price. While there are still several major platform advancements to come this year, SOR is a huge step forward for institutional traders and we are excited to offer it through Apifiny.”
– Haohan Xu, CEO of Apifiny
Connecting with over 25 of the top crypto exchanges by trading volume, the Apifiny network increases stability and reduces disruption in the marketplace by providing immediate access to the optimal market-clearing prices and liquidity for trading cryptocurrencies.
BitMEX Spot, the new trading platform to buy and sell crypto launched by one of the world’s largest crypto exchanges, BitMEX, has made a strong entrance in the first days since going live, hitting over $10 million in 24-hour trading volume following the launch.
The new spot exchange offers seven cryptocurrency pairs versus Tether (USDT); Bitcoin (XBT), Ethereum (ETH), Chainlink (LINK), Uniswap (UNI), Polygon (MATIC), Axie Infinity (AXS), and ApeCoin (APE). Ultimately, more trading pairs, along with other user rewards and benefits will be rolled out later this year.
Alexander Höptner, CEO of BitMEX:
“Spot trading from BitMEX has been highly anticipated within the crypto community, and this encouraging start is a reflection of resilient market demand from institutional and retail traders even in the current environment. We look forward to welcoming more new users to the spot exchange and continuing to offer them an expanding crypto ecosystem that supports their trading strategies; whether that is spot, derivatives, or interest-bearing products.”
This launch of BitMEX Spot represents a significant milestone for BitMEX’s ‘Beyond Derivatives‘ strategy it announced last year.
Genia Mikhalchenko, Vice President, BitMEX Spot:
“We have received a very strong response from our existing traders and an influx in sign-ups and trading from new users. We thank the crypto community for the support and feedback they’ve given us in the first few days following the launch of spot, and we’re going full speed ahead with our ambitions to list even more assets on the exchange. We have also loved the enthusiasm we’ve seen from traders responding to our $1 million sweepstakes, which lasts for the next two months.”
Mike Novogratz, the billionaire founder of crypto asset management firm Galaxy Digital, has told his followers that his LUNA-inspired tattoo will serve as a reminder to remain humble in the world of venture capital investing.
Following the fallout of the recent LUNA / UST meltdown, Novogratz penned an open letter on Wednesday, telling his followers that: “My tattoo will be a constant reminder that venture investing requires humility.”
It was on Jan. 5 tha Novogratz first showed off his wolf-themed tattoo to his 461,000 Twitter followers in an enthusiastic demonstration of his support for the now-collapsed Terra ecosystem.
— Mike Novogratz (@novogratz) January 5, 2022
Terra’s UST stablecoin, which relied on an algorithm to maintain a peg to the U.S. dollar, collapsed last week, sending the price of its sister-token LUNA from $60 per token to $0 in less than 72 hours. The collapse wiped approximately $40 billion dollars from the cryptocurrency ecosystem.
“The collapse dented confidence in crypto and DeFi,” said Novogratz in the letter, “whenever money is lost in such an abrupt fashion, people want answers.”
He said that despite last week’s “heart-wrenching” market pandemonium, the crypto industry looks stronger than ever and wouldn’t be going away any time soon.
“This does not mean the crypto market will bottom and head straight back up. It will take restructuring, a redemption cycle, consolidation and renewed confidence in crypto.”
He explained that Galaxy Digital invested in LUNA in Q4 2020 using balance sheet capital, and clarified that the firm’s treasury never used UST.
“Our team’s initial thesis for investing in LUNA was centered around the expansion of blockchain-native payments systems.”
According to an update from Galaxy Digital released on May 13, the firm expects to post a $300 million loss in net comprehensive income as of May 11, bringing the partners’ capital to $2.2 billion — a 12% decline from March 31.
Pantera Capital, one of the original investors in Terraform Labs, revealed today that it had cashed out roughly 80% of its LUNA investment well before the TerraUSD collapse. According to Pantera partner Paul Veradittakit, the firm managed to turn $1.7 million into approximately $170 million.
We managed that position down over time as it became increasingly profitable/large, in order to maintain a diversified portfolio. We initially invested in LUNA because of the progress we saw in developer adoption, the payments usage, and the broader ecosystem being built on Terra
— Joey Krug (@joeykrug) May 18, 2022
It’s not just Novogratz getting inked — crypto-themed tattoos have grown substantially in popularity with crypto tattoo-related Google searches surging by 222% in 2021. According to data from Crypto Head, more than 900 people worldwide have inked themselves with the Bitcoin (BTC) “B” while Dogecoin (DOGE) and Ethereum (ETH) tattoos are on the rise.
Fireblocks, a blockchain infrastructure & crypto tech provider, announced today the launch of a new, dedicated ‘Web3 Engine’ with a suite of tools for developers to build DeFi, GameFi, and NFT products.
Also, Fireblocks’ new web3 engine allows developers to easily build dApps on top of Fireblocks’ tech stack or securely access the full range of existing web3 apps.
“As we already provide a secure platform and a suite of dev tools for businesses to build digital assets and crypto businesses, unlocking access to web3 was an important next step. Now, with a fully tailored experience for connecting to web3, we aim to accelerate the launch of a new wave of super apps.”
– Michael Shaulov, CEO of FIreblocks
In order to interact with web3 applications, users have to connect to these websites via a crypto wallet. Any mismanagement of private keys will create a security risk that could put billions of dollars of user or investor funds at risk.
As the emerging sector becomes a more appealing target for hackers, Fireblocks is enabling the next generation of web3 companies like Animoca, Stardust, MoonPay, Xternity Games, Griffin Gaming, Wirex, Celsius, and Utopian Labs with the ability to provide the highest level of protection against human error and malicious attacks by hackers.
For gaming studios, NFT services, and institutions planning to build web3 products, Fireblocks provides a comprehensive and secure suite of web3 solutions.
The new Fireblocks’ Web3 Engine includes:
About Google Data Analytics Professional Certification | Includes my opinion
‘Selling Sunset’ Star Christine Quinn And Tech Entrepreneur Husband Have Plans To Disrupt The Real Estate Industry
Everything You Need to Know About the Solana Blockchain and NFTs
Location, celebrity partners unveiled for $150M sports destination coming to Miami-Dade
NYC Amazon Workers Vote Against Unionizing; Warren Buffett Reveals Big Investments | NTD Business
22 Rising NFT Artists to Watch in 2022
Apple marks Black History Month with a ‘Black Unity’ Watch strap
Business News | Stock and Share Market News | Finance News