Blockchain

Brazil’s B3 Exchange Appoints Infinox to Make Markets for Forex Futures

Infinox Capital now allows Brazilian investors to trade FX and interest rate products in their home market.

Published

6 months ago

September 9, 2020

Republished by Plato

Brazilian financial exchange operator B3 has accredited UK brokerage Infinox Capital to provide liquidity and to act as the sole market maker for FX futures trading contracts.

As a market maker on the world’s third largest derivatives exchange, Infinox Capital now enables Brazilian investors to trade the world’s FX and interest rate products in their home market, and without needing to send funds out of the country. The company already offers simultaneous bid and offer prices in selected securities listed on the exchange as part of its market-making services.

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The latest agreement intends to further strengthen liquidity, pricing, and market depth offered to the bourse’s investors, who count over 1.5 million active accounts.

“Demand from retail investors in Brazil is booming, having grown 60-fold in the past three years. Infinox will spend the next few months measuring demand from institutional investors, banks and brokers for futures contracts,” the company said.

INFINOX delves into a growing brokerage market

London-headquartered INFINOX has been extending its liquidity distribution, most recently signing Gold-i’s Matrix Net as an additional channel. This accord makes its multi-asset liquidity available to brokers worldwide who use Gold-i’s Matrix, MT4 Bridge, and MT5 Gateway products.

INFINOX has also released its new trading platform for multiple assets, including contracts for differences (CFDs) – IXO.

Commenting in the news, INFINOX CEO Robert Berkeley, said: “It’s a gamechanger for Brazilian investors, who can now trade forex futures in their home market more easily and effectively. Meanwhile for Infinox, the potential for future collaboration with other international exchanges is hard to overstate. The CFD environment in Britain and the US has become more challenging recently, so our diversification into market making is part of our ongoing and ambitious strategy for global growth.”

INFINOX Capital Ltd is a London-based brokerage regulated by the Financial Conduct Authority (FCA). The company offers its clients in the UK and EU to trade a range of assets, including forex, equities, and commodities.

Source: https://www.financemagnates.com/forex/brokers/brazils-b3-exchange-appoints-infinox-to-make-markets-for-forex-futures/

Blockchain

Bitcoin Halving: Definitive Guide (In Just 5 Minutes)

Published

3 hours ago

March 3, 2021

Republished by Plato

Bitcoin halving is often referred to as “Halvening”, it’s a formulated reduction in the reward coins offered to the miners using a predefined blockchain algorithm.

Bitcoin halvings take place once in every four – 4 years approximately, or for every 210,000 block transactions.

The process of halvening started in the year 2012, approximately after 4 years of the invention of bitcoin i.e 2008, but practically bitcoins came into play in the year 2009.

After the first bitcoin halving, the block reward of 50 bitcoins per transaction were reduced to 25 bitcoins per block or transaction, later this reward was further reduced to 12.5 and it has now fallen to 6.25 after halvening in 2020.

The main idea of halvening is to create scarcity for the coins and to control inflation, as bitcoins issuance is limited to 21 million coins as per the idea of Satoshi Nakamoto, inventor of Bitcoin.

The production of 21 million bitcoins involves 32 halvenings, we are now done with two halvenings and this might continue till or come to an end in the year 2140.

Investors from all over the world are excited and waiting for the Bitcoin price to increase, and the demand for bitcoins in the online gambling industry is high. Bitcoins are widely accepted at Bitcoin Casinos as they collect deposits in the form of cryptocurrency from their players.

To know the overview of Bitcoin Halving (Just in minutes), check out the following infographic developed by Abishai James at WinBTC.net in partnership with ACMarket.

Blockchain

Santiment Reveals Top 10 Ethereum Projects by Developer Activity

Published

3 hours ago

March 3, 2021

Republished by Plato

Despite record highs for network charges in February, development on some of the industry’s leading Ethereum based projects has continued unabated.

The research stated that development activity is an often-underrated indicator of project success. It demonstrates the ongoing commitment to creating a working product, continuously polishing and upgrading its features, and staying true to the long-term roadmap.

The research focused solely on pure ERC-20 projects that are currently committed to developing on Ethereum. It has used 30-day Github activity to track development status and action.

We’ve just released our top 10 highest developing #Ethereum-based project countdown for the month of February! Read what the fastest moving projects using $ETH tech. are working on:

1) $GNO @gnosisPM
2) $SNT @ethstatus
3) $MANA @decentraland
4) $UMA @UMAprotocol

👇 (Cont’d) pic.twitter.com/ZGWkrgzHpH

— Santiment (@santimentfeed) March 3, 2021

The Ethereum Project Top Ten

At the top of the list for developer activity in February is the decentralized prediction market platform Gnosis. Despite a 28% slide in GNO token prices for the second half of the month, the Gnosis team has been busy working on the product.

Gnosis launched on the xDai Ethereum sidechain, joined the Open DeFi alliance, and launched a new collaborative grants initiative for Gnosis Safe Apps last month.

Status was the second most developed Ethereum based project with a number of updates for the open source mobile dApp browser and messenger. SNT prices hit a three-year high of $0.125 in February.

Virtual metaverse and NFT protocol Decentraland was third in the list of developer activity with a number of features introduced to improve user experiences.

DeFi synthetic asset protocol UMA came in fourth with two main focuses for the month; getting some major protocols out the door, and there was a collaboration with BadgerDAO.

Coming in at number five for developer action was Chainlink which announced the official mainnet launch of Off-Chain Reporting (OCR). This significantly improves the efficiency of how data is computed across Chainlink oracles, reducing operating costs by up to 90%, it added.

“The most immediate benefit to DeFi and its users will be a 10x increase in the amount of real-world data that can be made available to smart contract applications.”

DeFi Dominates

These were the five most developed platforms in the Ethereum ecosystem for February 2021, and they were dominated by DeFi.

Also featuring in the top ten list was Skale Network, a decentralized modular cloud for running Ethereum-based dApps. MakerDAO, which is consistently in the top ten for development, was in seventh place.

Decentralized data exchange protocol Ocean, computing sharing economy Golem, and analytics platform Santiment itself rounded out the top ten.

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Source: https://cryptopotato.com/santiment-reveals-top-10-ethereum-projects-by-developer-activity/

Blockchain

Blockchain in Sports Betting

Published

3 hours ago

March 3, 2021

Republished by Plato

Wanna enter the Sports betting industry? Are you worried about the transactional data, security and entry charges?

Just relax and lean on to your chair. The amazing features of blockchain technology have reshaped the sports betting industry. It enhances safe and secure transactions as it is an open source decentralized network.

Basically, blockchain offers tremendous features like transparency, fast payouts, speedy transactions, independent in nature, etc. The most effective feature is the player’s account will not be restricted or blocked either personally or professionally due to extreme winnings.

Blockchain is the most prominent technology ruling today’s betting industry. It’s advancement in the sports industry has laid a pavement for its enormous growth in recent times.

To get detailed information, checkout the following Infographic developed by WinBTC.net in Partnership with MrBet.me.uk.