Connect with us

Blockchain

Finteum @ Blockchain For Finance Conference

Ahead of the Blockchain for Finance Conference 2018, Dogpatch Labs in Dublin’s IFSC held a pre-conference pitch session which was attended by about 60 people. This writeup looks at a talk from Brian Nolan, Founder of Finteum about their finance platform which aims to make a global financial market for intraday borrowing using Distributed Ledger Technology. Brian introduced himself with a background in managing bonds and derivatives, including at Bank of Ireland Capital Markets as well as UBS, and incorporated in May 2018. The main problem he discovered in his time is that intraday mechanisms currently in the financial system

Published

on

Ahead of the Blockchain for Finance Conference 2018, Dogpatch Labs in Dublin’s IFSC held a pre-conference pitch session which was attended by about 60 people. This writeup looks at a talk from Brian Nolan, Founder of Finteum about their finance platform which aims to make a global financial market for intraday borrowing using Distributed Ledger Technology.

Brian introduced himself with a background in managing bonds and derivatives, including at Bank of Ireland Capital Markets as well as UBS, and incorporated in May 2018. The main problem he discovered in his time is that intraday mechanisms currently in the financial system don’t enable efficient cash management, especially as regulations have introduced a raft of rules around liquidity. This means that financial organisations have to hold a balance against intraday spending, and central banks mainly manage things to ensure orderly processing of transactions.

Finteum aims to address this by setting up a market between banks who need short term cash for just a few hours, and also know when it’ll be returned via a smart contract. The platform is very high-finance (and to be honest a lot was above my head, although there were plenty of bankers in attendance who seemed to understand what he was saying), and Finteum wants to make sure that there is a shared data record between different counterparties. The platform is web based, with a cash network in place, built on the R3 protocol. Using blockchain, it will enable a shared trusted database between participants, as well as the speed of blockchain settlement.

The platform aims to have a fiat linked token to reduce or eliminate cryptocurrency price volatility and has partnered with consultants Baringa Partners to assistt the development, and is also seeking a CTO at this time.

As an example during his pitch, he explained how a bank could use the platform. A bank would need liquidity for a very short-term timeframe, such as a few hours. They log into the platform, see the amounts available, take a contract which is settled in a few minutes, and return the funds later that day as agreed within the terms of the contract.

After his talk, a number of questions were asked by the floor. First up, what interest rate would they use? The shortest available is currently an overnight rate, and nor really applicable for just a few hours. At this time, they are undecided on how to charge, as they have to make a new process or use a fixed rate. This led on to a second question as to how they’ll make money on the platform, and he explained that their goal is to set a transaction related fee, not a subscription at this time.

If you’re interested in the platform, you can find more at finteum.com

Our site is largely funded by affiliate links and advertising. If you click a link on our site we may receive renumeration. If you are using adblock, please whitelist us to support us, or if you’re a user of Tip us on Brave Browser Brave Browser, we’re a verified publisher, and welcome any tips!

Source: https://bitcoinsinireland.com/finteum-pitch-session-bfc2018-conference/

Blockchain

MATIC Price Analysis: Weekly and 4 Hr Chart Analyses Reveals Buy Signal for Polygon

Published

on

Polygon recently set a new record for highest bounty paid in DeFi. The team at Polygon paid a two million US dollar worth of bounty to Gerhard Wagner, a white hat hacker who discovered a crucial vulnerability that had put around 850 million US dollars’ worth of capital at risk.

So what type of vulnerability could this be? Well, it’s a double-spend bug, a type of bug that could have tuned catastrophic for the Polygon ecosystem.

Bullish/Bearish Scenario

  • The bear-trap candlestick formation on the weekly time frame, alongside the buildup of bullish divergence on the 4HR time frame, shows that the bulls are back in control.
  • A breakdown of the 1.152 support implies a bearish takeover.

Important Weekly Polygon (MATIC) Announcements

  • Immunefi, a bug bounty, and security platform acknowledged that the bounty is the highest that has been paid in decentralized finance [DeFi].
  • Another exciting announcement in the Polygon ecosystem is the PECO-Polygon Ecosystem Index, which makes it possible for participants to bet on the performance of Polygon [MATIC] projects. The PECO Index is a single token that captures the best native projects on @xPolygon.

Without any further delay, Let’s analyze the MATICUSDT price chart.

Polygon (MATIC) Price Analysis:  MATICUSDT Weekly Chart 

Following the path of most top altcoins in the cryptocurrency market, the MATICUSDT triggers a bear-trap candlestick formation while trading within a rising and expanding wedge.

Although the crypto pair still trades below its all-time high, higher RSI readings above level-25 tell us that we are still in an uptrend and we may soon see a surge in demand for the MATIC token.

Polygon (MATIC) Price Analysis:  MATICUSDT Daily Chart 

A recent regular bearish divergence on the daily chart above shows that we may soon see a slowing and possible correction of current gains.

Failure of RSI values to breach below level-25 would suggest a continuation of the current uptrend.

Polygon (MATIC) Price Analysis:  MATICUSDT 4 Hr Chart 

As the RSI prints higher values above level-25 on the daily time frame, the 4HR time frame confirms entry into the uptrend with an exit of the oversold area [level-25] with the recent entry of oversold at press time.

Regular and hidden bullish divergence setups are instrumental for the previous trend reversal and current trend continuation we see on the above intraday chart.

An impending hidden bullish divergence at press time may be sufficient for the bulls to find a price floor above the 1.491 support and restore the MATIC price into new highs.

advertisement

Disclaimer
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
About Author

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.

Click here to access.

Source: https://coingape.com/polygon-matic-price-analysis-intraday-hidden-bullish-divergence-signals-trend-continuation-for-maticusdt/

Continue Reading

Blockchain

Harmony’s ONE Token Targets $1 After Breaking All-Time High

Published

on

The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

See full terms and conditions.

PlatoAi. Web3 Reimagined. Data Inteligence Amplifed.
Click here for Free Trial.

Source: https://cryptobriefing.com/harmonys-one-token-targets-1-after-breaking-all-time-high/?utm_source=main_feed&utm_medium=rss

Continue Reading

Blockchain

NEAR Announces $800M in Development Grants

Published

on

The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

See full terms and conditions.

PlatoAi. Web3 Reimagined. Data Inteligence Amplifed.
Click here for Free Trial.

Source: https://cryptobriefing.com/near-announces-800m-in-development-grants/?utm_source=main_feed&utm_medium=rss

Continue Reading
Blockchain3 days ago

3 Million CoinMarketCap Email Addresses Have Leaked

Blockchain3 days ago

Compre cianuro de potasio para la venta, compre KCN para la venta en línea, compre cianuro de sodio…

Blockchain3 days ago

Bitcoin’s Price Could Rally to $90,000, Fundstrat Strategists Say

Blockchain3 days ago

Fidenza Artist Sells $7M in NFTs That Aren’t Yet Minted

Blockchain3 days ago

This Artist Is Making Multi Million Dollar NFT’s Using Algorithms

Blockchain3 days ago

Bitcoin price consolidation leans toward ‘another leg higher’

Blockchain3 days ago

DeviantArt Integrates Crypto Payment To Its Subscription Service

Blockchain3 days ago

Chainlink Whales Own Nearly 25% of $LINK’s Supply After Months Accumulating

Blockchain3 days ago

Nasa Coins.ph na ang AAVE, MKR, UNI!

Blockchain3 days ago

YSL.IO x RD Auditors – Audit 2 Complete!

Blockchain3 days ago

Pakistan Government Not Against Crypto Investments, High Court Calls for Regulations

Blockchain3 days ago

Reddit Wants To Build NFT Platform, A Job Posting Shows Why

Blockchain3 days ago

Terragods

Blockchain3 days ago

Here’s Ripple CEO’s take on firm’s ‘record year,’ despite SEC’s ‘headwinds’

Uncategorized3 days ago

ImLive Evaluation in 2020

Blockchain3 days ago

Solana Is Close To Its All Time High

Blockchain3 days ago

CoinConnect is a new automated service that helps you trade in the cryptocurrency field without…

Blockchain3 days ago

Journalist and Youtuber Tim Pool Believes 1 Bitcoin Will ‘Eventually Be Equivalent to $1 Million’

Blockchain3 days ago

Facebook Novi Wallet: Will It Be a Gamechanger for the Crypto Industry?

Blockchain3 days ago

Acquista cianuro di potassio in vendita, acquista KCN in vendita online, Acquista cianuro di sodio…

Trending