Connect with us

Blockchain

Why cloud-based trading systems will be the best solution to “Trade From Home” during a pandemic

Did you know that every 53 seconds a laptop is stolen? Also, every year more than 70 million smartphones are lost or stolen. It is not only the hardware that is stolen but the valuable Read more…

The post Why cloud-based trading systems will be the best solution to “Trade From Home” during a pandemic appeared first on ixBlog.

Published

on

Did you know that every 53 seconds a laptop is stolen? Also, every year more than 70 million smartphones are lost or stolen. It is not only the hardware that is stolen but the valuable data stored in the devices are also lost. Think about a company saving its important data in such devices and then losing the devices to some rogue. The picture doesn’t look good but thanks to cloud computing and the COVID-19 pandemic. The picture becomes better.

COVID-19 and cloud-based trading platforms

The recent coronavirus pandemic has forced companies to adopt new methods to keep their businesses alive. While employees working from home are appreciating its own set of advantages, one may wonder about the crashing of the system of the hardware going corrupt during these uncertain times. What’s worse is that numerous countries have imposed lockdown globally and it will be difficult to retrieve the lost data in such a situation. This brings us to the need of the hour- A safe and reliable space to store unlimited data, or avant-garde cloud storage services.

Today, cloud storage has become a buzzword all over the world. “Cloud” refers to nothing but a group of software and services running on the internet instead of one’s computer or device. Data that exists on the cloud is actually stored in a company’s server. Users don’t have to store anything on their laptops or phones. They can store the data on the “cloud” and also share resources with others seamlessly. Some of the popular cloud service providers include Amazon Web Service, Google Cloud platform, iCloud, SAP, and Microsoft Azure.

Meanwhile, the financial-trading space is no different. Cloud products will be the future and downloaded trading platforms are getting extinct.” Trade From Home” will be the new black. This means that traders can perform hassle-free trading and enjoy many benefits. Let’s dive deeper into the benefits that cloud-based trading systems can offer.

What do cloud-based financial trading systems offer?

Cloud-based trading systems will revolutionize the way trading has been happening all over the world. Novice traders who have budget constraints in buying devices, often look for RAM and hard drive space specifications. This is usually because the conventional software that needs to be installed might consume a lot of space on the device. But, cloud technology allows complete agility owing to the network that does all the job. Whether it is distributing the load across the servers or crashing of the servers, cloud-based trading systems offer better reliability and efficiency.

Also, traders will be able to access the cloud data from anywhere, thus, making it very easy to
trade at any time from any place or device. This is a plus during the present coronavirus pandemic. Also, mobility is one of the advantages; there will be enhanced data security in the system. As everything traders need will be stored in the cloud, data can be accessed irrespective of what happens to your device. Even if the device is lost or stolen, one need not worry about any hackers or data breaches. Traders can bounce back to trading in no time with the help of cloud data.

Moreover, cloud-based systems promote greater collaboration within a team. Employees in FinTech companies don’t have to go back and forth in sending documents when a single document is available on the cloud. This document can be used to share and work together. Similarly, trading can be done through the sharing of ideas through a single place. Since it is a technology for both consumers and companies, cloud-based services benefit both small and large businesses for mitigating disastrous situations. All in all, it creates a level playing field for everyone.

Final thoughts

According to a report by ResearchAndMarkets, it has been anticipated that the global algorithmic trading market will have a CAGR of 11% during the period 2019 to 2024. One of the major market trends is that cloud-based algorithmic trading platforms will be gaining the maximum amount of attention in this forecast period.

Building a cloud platform will be a one-stop-shop solution for every trader who wishes to trade from their home, car, or beach. There is a humongous amount of market data available on the cloud and this is a favorable thing for both exchanges and financial trading firms. No doubt, cloud-based trading platforms will offer countless benefits such as cost-effectiveness, efficient management, scalability, and seamless trade maintenance. In a nutshell, cloud-based web and mobile trading apps will become the new norm in the coming years. How prepared are you to trade in the cloud?

Source: http://blog.ionixxtech.com/why-cloud-based-trading-systems-will-be-the-best-solution-to-trade-from-home-during-a-pandemic/

Blockchain

Binance to cease these crypto-derivative offerings in Australia

Published

on

Once upon a time, regulators around the world weren’t confident about handling the crypto-ecosystem. This attitude, however, has changed of late thanks to the industry’s growth and the interest it has seen from traditional institutions and major investors.

The aforementioned change isn’t universal, alas, with some crypto-entities still coming under a lot of regulatory fire. Binance is a case in point. The platform has come under increased scrutiny from a growing number of regulators worldwide, including regulatory authorities from the U.K, the U.S, the Netherlands, and Canada.

Australia too has now been added to this ignominious list.

According to an official announcement made by the exchange, Binance will no longer offer Futures and Options trading in Australia. It read,

“As Binance constantly evaluates its product and service offerings to comply with local regulations, we will cease offering the following products to existing Australian users: Futures, Options, Leveraged Tokens”

Moreover, it revealed that ‘existing Australian users will have 90 days to reduce and close their positions for these products.’ Post 23 December, users will no longer be able to manually reduce their positions, and all remaining open positions will cease.

What does this mean for Binance and its executives?

Well, the aforementioned step is in alignment with its executives’ aim – To create a sustainable ecosystem around blockchain technology and digital assets. In fact, according to one of its executives,

“Binance welcomes developments to our industry’s regulatory framework as they pose opportunities for the market players to have greater collaboration with the regulators. We are committed to working constructively in policy-making that seeks to benefit every user.”

This move followed last month’s restrictions on Options, margin products, and leveraged tokens (New accounts were barred from engaging in).

And the “nightmare” continues… 

Binance took a similar hit in a different part of the world less than two weeks ago. It discontinued support for trading pairs in the Singapore dollar (SGD), again due to regulatory crackdown(s).
Binance found itself in troubled waters earlier this year, with regulators around the world zeroing in on the top exchange. The regulatory pressure forced the leading crypto-company to adopt a proactive approach to compliance. That being said, the jury is still out on whether these steps have been making any difference?
Moreover, US authorities are probing possible insider trading and market manipulation allegations involving Binance. The exchange, for its part, has denied these speculations. Binance has a “zero-tolerance policy for insider trading,” a statement said.
Where to Invest?

Subscribe to our newsletter

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.

Click here to access.

Source: https://ambcrypto.com/binance-to-cease-crypto-derivative-offerings-in-australia

Continue Reading

Blockchain

Robinhood Testing New Cryptocurrency Wallet as Demand Rises

Published

on

The millennial-focused trading portal is edging closer to launching a long-awaited app that will enable its growing user-base to send and receive cryptocurrencies.

A beta version of Robinhood’s iPhone app showed the company’s latest upgrades on the new digital asset features, according to Bloomberg.

There is a hidden image showing a waiting list for users eager to get their hands on the app and code referring to crypto transfers, it added.

Delving Deeper into Crypto

Robinhood users can already buy and sell cryptocurrencies on the platform but they need to convert them to and from USD. With a native app, users will be able to send crypto assets to each other directly and set up two-factor authentication for additional security.

Robinhood Chief Executive Officer Vlad Tenev stated that adding crypto wallets is a priority for the company’s developers and they are actively working on such.


ADVERTISEMENT

“The ability to deposit and withdraw cryptocurrencies is tricky to do with scale, and we want to make sure it’s done correctly and properly.”

He did not specify a launch date, but the beta app leak suggests it is not too far away. Users of the new functions will need to activate crypto sending and receiving and the registration page will require an identity check, the report added.

On Sept. 11, CryptoPotato reported that Robinhood had launched incentives to promote longer-term cryptocurrency investing. The zero-fee recurring purchase feature enables users to schedule digital asset purchases for regular intervals with buys as low as a dollar.

This will encourage customers to build their cryptocurrency portfolios over time and “become a whole coiner,” stated Robinhood.

Robinhood Users Hungry For Crypto

Cryptocurrency trading has been one of the biggest drivers of revenue for Robinhood this year. Dogecoin has been the crown jewel, according to the company. It reported that 62% of its $233 million in second-quarter crypto income came from DOGE trading.

It added that more than half of all transaction-based revenue on the platform came from digital asset trading. The firm did warn that Q3 would not be as prosperous due to “seasonal headwinds and lower trading activity across the industry.”

Robinhood share prices have already fallen 43% since their all-time high of a little over $70 in early August. They are currently trading down 1.68% since Monday’s open at $40.70 according to Yahoo! Finance.

SPECIAL OFFER (Sponsored)

Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.

You Might Also Like:


PlatoAi. Web3 Reimagined. Data Intelligence Amplified.

Click here to access.

Source: https://cryptopotato.com/robinhood-testing-new-cryptocurrency-wallet-as-demand-rises/

Continue Reading

Blockchain

Snoop Dogg Reveals His Connection With Twitter Account on NFTs

Snoop Dogg Twitter

Rate this post American rapper Snoop Dogg tweeted on Monday that he’s the owner of a Twitter account that talks about nonfungible tokens (NFTs). The account, named @CozomoMedici, shares “insights and tales from the wild world of NFTs” and has 27.7K followers at the moment. Snoop Dog Claims to Be Popular NFT Advocate on Twitter Snoop Dogg left the crypto community stunned this week after he revealed himself as the owner of a Twitter account dedicated to NFTs.  The account Cozomo de’ Medici, named after an Italian banker, is only a month old. However, it has already garnered attention from industry watchers and even a mention from crypto-focused news outlet The Block.   According to The Verge, the person behind the Medici account had been creating hype around their real identity for “at least a few days” and even conducted a poll for their followers to take a guess. The poll featured Democratic congresswoman Alexandria Ocasio-Cortez and Matt Bellamy, the lead singer of the rock band Muse. Snoop, however, was not mentioned in the poll. On September 20, @CozomoMedici tweeted that they were about to reveal their identity from their account. Shortly after, Snoop Dogg tweeted “I am @CozomoMedici.”   Interestingly, after making this revelation, the Medici account bought two weed-themed collectibles from an artist named NyanDogg, The Verge reported. Additionally, Snoop’s alleged OpenSea account has been sent  “a cloud of blunt and Snoop-themed NFTs” following the reveal. Is Medici Account an Elaborate Prank? The Medici account could likely turn out to be an elaborate prank, one that Snoop might have engineered himself or just participated in. Many reactions to Medici’s reveal have also expressed skepticism about Snoop’s involvement. “I have a hard time accepting that this account is Snoop Dogg. Like seriously Snoop Dogg muted his live stream for a week (?) by accident. And he is that deep into NFTs out here owning crypto punks… Owning Eth using OpenSea. Would love that to be true but I can’t believe it,” Twitter user @Brandolf485 wrote in the comments. Nonetheless, the crypto community will have to continue looking for concrete proof till Snoop’s involvement with the account is confirmed. 

The post Snoop Dogg Reveals His Connection With Twitter Account on NFTs appeared first on Cryptoknowmics-Crypto News and Media Platform.

Published

on

American rapper Snoop Dogg tweeted on Monday that he’s the owner of a Twitter account that talks about nonfungible tokens (NFTs). The account, named @CozomoMedici, shares “insights and tales from the wild world of NFTs” and has 27.7K followers at the moment.

Snoop Dog Claims to Be Popular NFT Advocate on Twitter

Snoop Dogg left the crypto community stunned this week after he revealed himself as the owner of a Twitter account dedicated to NFTs. 

The account Cozomo de’ Medici, named after an Italian banker, is only a month old. However, it has already garnered attention from industry watchers and even a mention from crypto-focused news outlet The Block.  

According to The Verge, the person behind the Medici account had been creating hype around their real identity for “at least a few days” and even conducted a poll for their followers to take a guess. The poll featured Democratic congresswoman Alexandria Ocasio-Cortez and Matt Bellamy, the lead singer of the rock band Muse. Snoop, however, was not mentioned in the poll.

On September 20, @CozomoMedici tweeted that they were about to reveal their identity from their account. Shortly after, Snoop Dogg tweeted “I am @CozomoMedici.”

Interestingly, after making this revelation, the Medici account bought two weed-themed collectibles from an artist named NyanDogg, The Verge reported. Additionally, Snoop’s alleged OpenSea account has been sent  “a cloud of blunt and Snoop-themed NFTs” following the reveal.

Is Medici Account an Elaborate Prank?

The Medici account could likely turn out to be an elaborate prank, one that Snoop might have engineered himself or just participated in. Many reactions to Medici’s reveal have also expressed skepticism about Snoop’s involvement.

“I have a hard time accepting that this account is Snoop Dogg. Like seriously Snoop Dogg muted his live stream for a week (?) by accident. And he is that deep into NFTs out here owning crypto punks… Owning Eth using OpenSea. Would love that to be true but I can’t believe it,” Twitter user @Brandolf485 wrote in the comments.

Nonetheless, the crypto community will have to continue looking for concrete proof till Snoop’s involvement with the account is confirmed. 

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

Source: https://www.cryptoknowmics.com/news/snoop-dogg-reveals-his-connection-with-twitter-account-on-nfts/

Continue Reading
Uncategorized5 days ago

Swissquote Confirms European Expansion Plan, Focusing on Crypto

Uncategorized5 days ago

Bingbon Launches its Carbon Free and Afforestation Project

Blockchain5 days ago

Massive NFT and Token Giveaway from Polker as Staking is Announced!

Uncategorized5 days ago

Nickelodeon All-Star Brawl will include DLC fighters post-launch

Blockchain3 days ago

Over 40 days after Ethereum’s EIP-1559, here’s where it stands

News4 days ago

Gods Unchained and Guild of Guardians Layer 2 Solution Immutable Raises $60 Million

Blockchain5 days ago

Opensea NFT marketplace Accuses Senior Employee of Insider Trading

Blockchain5 days ago

Grab a spot in Tomi’s presale by bagging an NFT – 260+ ETH raised!

Blockchain5 days ago

Kanga Exchange Partners with Tenset for an Exclusive Public Sale of KNG Token

Blockchain3 days ago

Cardano Sees an Influx in Smart Contracts ! But There’s a Twist

Blockchain5 days ago

If Shiba Inu is a ‘shitcoin,’ why are exchanges still listing it

Blockchain5 days ago

Over $1B Worth of ETH Burned in the Aftermath of Ethereum’s London Upgrade

Blockchain5 days ago

Ethereum, NEO, Dogecoin Price Analysis: 16 September

Uncategorized2 days ago

NBA 2K22 Limitless Spot-Up and Chef Badges Explained

Uncategorized4 days ago

Laos Green-Lights Cryptocurrency Trials

Uncategorized4 days ago

DeFi comes to Cardano (ADA) as EMURGO announces ‘Astarter’

Blockchain5 days ago

Bitcoin Cash: A 40% hike may be incoming from this setup

Blockchain4 days ago

Bitdefender Releases Tool To Decrypt Files Affected by REvil/Sodinokibi Ransomware

Uncategorized5 days ago

Tether Claims to Hold no Commercial Paper From Struggling Evergrande

Blockchain2 days ago

After Targeting BlockFi, State Regulators Now Set Their Eyes On Celsius

Trending