EverMarkets to Launch Blockchain-Based Futures Exchange EMX

EverMarkets to Launch Blockchain-Based Futures Exchange EMX

EverMarkets announced that the EverMarkets Exchange (EMX), a futures exchange and clearing house platform built on blockchain technology, is expected to launch later this year for non-U.S. clients. EMX will list both cryptocurrency and traditional futures contracts.

Futures contracts are defined as transactions between a buyer and a seller for a financial instrument at a predetermined price for delivery or cash settlement at a set time in the future, regardless of any price movements in between.

"EverMarkets is designed to bridge and modernize both the cryptocurrency and traditional financial markets,” said Jim Bai, CEO and co-founder of EverMarkets. “[This] exchange strives to create a marketplace that is fair for everyone and provides superior transparency and efficiency. Just as importantly, we're giving cryptocurrency traders the means to expand their portfolios into traditional asset classes without the friction that the existing exchange model creates."

According to EverMarkets, the EMX exchange will allow cryptocurrency holders to access traditional futures contracts for stocks, indices, bonds and commodities through EMX tokens held by blockchain-based smart contracts. The users will be able to withdraw the tokens into their private wallets without lengthy approvals or prolonged waiting periods.

“Crypto traders want put their new wealth to work in other areas of the financial markets,” Bai said in conversation with Bitcoin Magazine. “EverMarkets will give them a viable route to diversifying their holdings and trading cryptocurrencies in new, innovative ways.”

Bai added that EMX will create a single marketplace for crypto and traditional futures from around the world, enabling traders to deploy innovative trading strategies without having to access multiple venues.

.“EverMarkets intends on enhancing the crypto-based trading experience,” continued Bai. “Through a combination of financial market expertise and innovation, EMX will provide a new level of sophistication to how cryptocurrencies — and traditional commodities — are traded and cleared. With the EMX Token, cryptocurrency traders will have a seamless way to trade and post collateral, without any need to convert from fiat currencies.”

EverMarkets will launch a token sale and a futures trading competition, which will allow traders to access the EMX platform. According to the white paper, last updated in August 2017, the EverMarkets platform is based on the Ethereum blockchain, and a company representative confirmed that EMX will be based on it as well. EverMarkets stated that more information will be released in the next few weeks. In the meantime, the company has launched a blog and channels on Twitter, Reddit and Telegram.

“We’re excited to deploy solutions on top of the blockchain to create a more efficient and transparent way to trade,” Bai told Bitcoin Magazine. “Part of our vision is to extend the use of cryptocurrencies to the broader financial world. Through smart contracts, decentralized custody of assets and the all-in-one utility of the EMX Token, EverMarkets is aiming to utilize these innovations to modernize trading.”

“We’re looking forward to offering access to our platform through our trading competition and giving global users a chance to see how an auction model, inspired by those run at some of the world’s well-known exchanges, can enhance the quality of trading,” concluded Bai.



This article originally appeared on Bitcoin Magazine.

PR: Smooth Encrypt Social Software – a Miracle Based on Blockchain

Smooth Encrypt Social Software

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

It is universally acknowledged that social interaction activity is playing an important part in our daily life. We shall communicate with different people closed to us through various methods every day, such as face-to-face communication, writing an e-mail, updating own Twitter and Facebook or using more convenient mobile APPs, making us felt we keep touch with people we love. There is no doubt that network shall bring huge social interaction convenience to us.

But do you feel anxious when your private information flows through the network? Actually, huge user quantity represents huge information flow, which also means higher and higher threat on information safety. As privacy, even property safety, is commonly included in information, so the result shall be unthinkable once the information is disclosed.

When facing the challenge of information exposure, will you give up enhancing the great convenience of network social software? Of course not. It will result into certain obstacle of communication of people in different areas. As a matter of fact, popular software used by people in different countries and areas is different. Their abilities to safe information are also different. As long as we choose the one based on the highest technology to protect our information, then our privacy will be guaranteed. Luckily, Smooth encrypt social software, a perfect tool to fully satisfy your demand, comes to birth.

The establishment of Smooth encrypt social software is helping people in different areas to communicate more frequently and enjoy the fun brought by social interaction; meanwhile, it aims at protecting personal information, encrypting communication content, protecting individual property safety through blockchain technique and transmitting more valuable information to each user so that each user can enjoy the convenience brought by excellent business mode; moreover, it won’t collect user’s data. It saves value generated by user’s data in the platform through original form and gives the value feedback to each one finally.

Since the blockchain occurs, it has been operated for many years and there is no problem that encrypted information is decoded; therefore, it has sufficient safeguard on safety. In fact, it is also sufficiently proved that it is the best encrypted safety solution. Smooth encrypt social software adopts blockchain technique to create safe encrypted communication channel for users to guarantee the communication contents of user are not disclosed and information cannot be broken down even it is intercepted by hacker.

In the marketplace, the frequent problem in social software is information disclosure as communication content is intercepted by hacker which finally results in incalculable result; therefore, many social software has developed the function of encrypted communication. Although these functions bring certain safety, it cannot be denied that it is possible that some so-called encrypted safety measures only exist in their names only as safety technical level of different social software enterprises is different. And according to the professional survey, blockchain is so far the safest technology for information transmission. Smooth encrypt social software is just the one base on blockchain technology. Therefore, Smooth encrypt social software can offer higher security than others.

Distributed storage function of Smooth encrypt social software application blockchain technique with blockchain data storage structure can guarantee information stored by users won’t be falsified. Meanwhile, stable communication channel can be constructed through certain encryption measures and point-to-point transmission to safeguard data safety. In safety strategy, Smooth encrypt social software shall adopt more methods, such as updating internal data in time and strengthening safety grade of external firewall, to guarantee user data won’t be disclosed.

When more and more users use Smooth encrypt social software, it can establish safe business platform with more service functions and wider coverage area to help enterprises users from different places worldwide to complete transaction rapidly with low cost and realize rapid fund transfer to make communication among various industries worldwide more usual.

Besides, Smooth encrypt social software shall provide safe encrypted information transmission channel by using encrypted technique and point-to-point transmission technique of blockchain; in addition, it shall provide payment and property storage function by using encrypted currency based on blockchain technique and transmit information to online users by using broadcasting function of blockchain, etc. We shall flexibly apply various inspirations brought by blockchain to make scientific and technological life more comfortable.

What’s more, Smooth encrypt social software shall carry an information issuing platform with bountiful contents and user can share and browse interested contents in Smooth encrypt social software. Users can be awarded with bountiful reward if they share some contents on the platform.

In the future, as Smooth encrypt social software users and business services carried out Smooth encrypt social software platform are gradually increased, Smooth encrypt social software shall become the most active online commercial community with the most perfect function and the most excellent service. It shall gradually replace certain traditional areas and form new business center.

To conclude briefly, Smooth encrypt social software is devoted to bringing safer and more convenient social experience to users by adopting blockchain technique so that they can enjoy new changes brought by science and technical life. Users can use Smooth encrypt social software to complete daily communication with other people, and even shopping payment, property management and property safety storage. In other words, Smooth encrypt social software is devoted to creating encrypted social interaction software integrating shopping payment, financial management, reading sharing and wallet. If you choose Smooth encrypt social software, more surprises will be waiting for you! Come on, just try it now, you will live in a safer life.

E-mail address
pr@stones.wang
Supporting Link
www.stones.wang

This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

The post PR: Smooth Encrypt Social Software – a Miracle Based on Blockchain appeared first on Bitcoin News.

Ethereum(ETH), Stellar(XLM), & NEO Get a Push

Ethereum(ETH)

The G20 summit in Argentina has pushed the cryptocurrency market out of the hole Google (NASDAQ:GOOGL) put it in last week. It started when just before the summit began, Mark Carney, the Financial Stability Board chairman, addressed the global financial leaders saying that he doesn’t see cryptocurrency as a “risk” to the global financial system.

After a two day deliberation, talking about much more than just cryptocurrency, the group came to the conclusion that there was no need to regulate the overall cryptocurrency industry, moving forward. This news has pushed Bitcoin and most cryptocurrencies price upward. ...

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Surging Cardano Price Leads Mid-Week Market Rally

The cryptocurrency markets rose for a third consecutive day on Wednesday, enabling every top 10-cryptocurrency to post gains against the US dollar and most to advance by more than five percent. The day’s top performer was the Cardano price, which soared by nearly 20 percent during intraday trading. The cryptocurrency market cap rose by nearly … Continued

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Altcoins Are Outperforming Bitcoin; the Rally Will Intensify, Analyst Say

Altcoins rallying

Cryptocurrencies are rebounding at a robust pace since last Sunday when the total market capitalization hit $270 billion. Bitcoin price rose more than 22% during the previous two days; BTC price currently stands at the highest level in the last seven days.

Altcoins are rallying on positive comments from regulators during the G20 summit. The majority of altcoins posted high double-digit growth in the last two consecutive days, and the trend seems to be extending, Tom Lee says.   

Although Tom Lee believes altcoins needs to do more work, he thinks the bearish trend is ...

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Tether Back in the Printing Business With Massive $300 Million Batch

Tether Back in the Printing Business With Massive $300 Million Batch

After over a month of absence Tether has returned to the USDT printing business, issuing $300 million worth in just one massive batch. The proximity of the move to the recent reversal of the downtrend in the market has lead to renewed calls by critics that Tether is manipulating prices.  

Also Read: Survey Says 8% of the American Population Now Own Cryptocurrency

$300 Million USDT

Tether Back in the Printing Business With Massive $300 Million BatchOmni blockchain transaction data reveals that Tether has created $300 million worth of new USDT tokens. Like with previous printing sprees by Tether, the lack of transparency behind the operations of the stablecoin has caused critics to suggest some kind of foul play was behind the massive new grant.

The last time Tether was found to be actively printing was in Mid February, and since then it let its metaphorical printers a rest. As the past month wasn’t the best performing to say the least, some people linked that with Tether not propping up prices. And as the prices recovered around the same time the new $300 million USDT grant was issued, it seems to confirm for these critics their concern.

Tether Back in the Printing Business With Massive $300 Million Batch

Who Is Leading the Markets?

Tether Back in the Printing Business With Massive $300 Million BatchWhile this new printing’s supposed link to the price recovery is anecdotal and coincidental, it does seem to have an effect on traders’ behavior. The news was quickly circulated in various traders’ forums such as pump and dump groups on Telegram, where people seem to have taken it as if Tether has placed a floor on the price of bitcoin – reacting the same way FX traders would to a central bank setting a minimum acceptable exchange rate for its currency and defending it by open market actions. This by itself can act as a self-fulfilling prophecy.

A research that was published earlier this year found little real statistical evidence that USDT printing is correlated with the price of bitcoin. However, Tether is fueling the speculations around its actions by its continued secrecy. Outside observers can only try to track down the banks that the company must use to hold incredible amounts of USD to back its USDT on a 1:1 basis. It has also lead to exchanges turning to competing stablecoins.

Are tether printing $300 million and the recent bitcoin price reversal linked? Share your thoughts in the comments section below!


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Do you like to research and read about Bitcoin technology? Check out Bitcoin.com’s Wiki page for an in-depth look at Bitcoin’s innovative technology and interesting history.

The post Tether Back in the Printing Business With Massive $300 Million Batch appeared first on Bitcoin News.

Promoted: HashChain Invests In the Future of Blockchain Services

HashChain

Cryptocurrency mining is big business. For years, most of the world’s mining operations have been based in China — meaning that China has long dominated the industry. There is, however, a shift taking place in this industry due to the new, even more restrictive regulations in China. These restrictions have yielded a fresh set of opportunities for new entrants into the marketplace.


One company at the epicenter of the new opportunity within cryptocurrency mining is HashChain. HashChain is a blockchain company that focuses on cryptocurrency mining, accounting and tax reporting as well as masternode hosting services. HashChain is distinguished as the first publicly traded Canadian cryptocurrency mining company to support a highly scalable, diverse and flexible mining operation.


Dash Masternode and Expansion


HashChain is also heavily invested in Dash. The company is the first mining entity to focus on Dash, a cryptocurrency that allows users to make instant, private payments online or in store using a secure open-source platform hosted by thousands of users around the world. The company acquired a Dash masternode for approximately $280,000 USD, requiring a collateral investment of 1,000 Dash coins. In addition, HashChain Advisor and Chief Security Officer Perry Woodin is one of only two advisory board members to Dash.


HashChain currently operates 100 Dash miners. They have purchased 770 Bitcoin miners and plan to purchase an additional 5,000 rigs. When all of their miners are fully operational, HashChain will be consuming approximately 8.7 megawatts of power. The company will expand their mining operation by up to 20 megawatts in a facility in Montana.


HashChain utilizes a web interface from an office in Albany, New York, to remotely monitor hash rates, difficulty levels, temperatures and power consumption to ensure that all miners operate sustainably and at maximum efficiency. Through this information, HashChain’s business value as a cryptocurrency mining business lies in its ability to provide investor profit across a wide array of cryptocurrencies at a scale that isn’t normally accessible for the individual.


Embracing Strategic Diversification


In January of 2018, HashChain took a big step by diversifying outside of cryptocurrency mining by acquiring NODE40. NODE40 is an accounting business and hosting service for cryptocurrency and blockchain-based ledgers.


NODE40 provides Dash masternode hosting services, freeing cryptocurrency investors from the technical hurdles and time investment needed to run Dash masternodes. On the Dash blockchain, masternodes are computers that have a wallet and provide essential services to the network such as locking transactions with InstantSend and voting on budget funding. As a part of this acquisition, NODE40 will pay HashChain certain masternode rewards earned over the 26 months following its acquisition.


Masternodes require one thousand Dash for collateral, as well as the ability to run 24 hours a day without exceeding a one-hour connection loss. Masternodes are incentivized by receiving 45 percent of the monthly block reward for providing services to the network.


Also included in the NODE40 deal was NODE40 Balance, a robust cryptocurrency tax-reporting software that integrates directly with major cryptocurrency exchanges. This blockchain accounting solution helps individuals balance their digital assets by reporting cryptocurrency transactions, designating exemptions and managing multiple wallets.


Node40’s software can capture the current total asset value, income, and any realized gains or losses by coin holders by analyzing their history of transactions on a blockchain. These services are well-timed in 2018 amid speculation that cryptocurrency regulations will tighten across the world in the not so distant future.


“The acquisition of the NODE40 is an important next step of creating a global blockchain technology company,” said Patrick Gray, CEO and founder of HashChain. “Cryptocurrency accounting and reporting for tax purposes is a major concern in the industry at the moment.”


This strategic move by HashChain comes on the heels of the cryptocurrency exchange Coinbase agreement with the Internal Revenue Service (IRS), to hand over information on all customers who made a transaction worth $20,000 or more between 2013 and 2015. As a result, there is strong evidence that cryptocurrency investors have unknowingly experienced a taxable event. If they don’t properly address it, they will be at risk of violating regulations.


"We have grown significantly as a company by remaining diligently focused on rapidly expanding our mining operations, and diversifying our business to become a multidiscipline blockchain company,” said Gray. “Our investments — large strategically located volume mining, cryptocurrency accounting software, and our masternode businesses — place us in a strong position to deliver on our goal of expanding HashChain's scope and presence."

This promoted article originally appeared on Bitcoin Magazine.

Norway Government Welcomes Bitfury to Open $35 Million Bitcoin Mining Datacenter

Bitcoin industry giant Bitfury is opening a new bitcoin mining center in Norway, bringing investments and jobs in a move that has “delighted” the country’s government. In an announcement on Tuesday, the BitFury Group revealed details of its expansion into Norway with – what it deems – a sustainable, energy-efficient ‘datacenter’ in a foray backed … Continued

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Bermuda Plans to Become the First Country to Regulate ICOs

Last year, Bermuda’s Premier and Finance Minister, David Burt, launched the Blockchain Task Force. It included a Legal and Regulatory Working Group which would ensure that the country creates a blockchain-friendly environment for interested organizations and startups. Four months later, Burt has come forward with another initiative: to make sure Bermuda regulates ICOs for the first time in blockchain … Continued

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US Treasury Could Include Cryptocurrency Wallets, Addresses on Sanctions Hit List

The US sanctions list keeps getting longer. Most recently, the US Department of the Treasury has revealed it’s considering adding digital-wallet addresses to its growing list of sanctions, but only if they can link the wallet address to someone who has been blocked. The agency updated the documents on March 19 on the heels of a … Continued

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