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Xtrade And Gimmer Form Trading Partnership
CCN Xtrade.io’s vision is to bring Wall Street Trading to the emerging Cryptocurrency markets. Before Christmas CCN interviewed Alexander Kravets on his new idea. An experienced trader with more than 20 years in the business, Kravets understood that for cryptotrading to be successful, it had to somehow mirror traditional trading. Today Kravets announces a new partnerhship with Gimmer, an existing decentralised automated cryptocurrency trading platform. XTRADE.IO will be bringing their expertise to further develop Gimmer’s back end systems. This will include building a unified FIX API to allow Gimmer users to execute strategies across multiple exchanges automatically as well as aggregated liquidity. Kravets says, ‘Gimmer is a pioneer in the retail algorithmic crypto market space and an ideal partner for leveraging XTRADE’s institutional grade infrastructure, single-portal API, and multi-market connectivity for market data and execution. By partnering with XTRADE.IO, Gimmer and their clients can expect higher fill rates, deeper liquidity across exchanges, greater opportunities for arbitrage, longer uptimes, and reduced latencies for multi-asset crypto execution’,’ he says. Using AI, Gimmer’s trading bots can execute deals quickly at the best possible price. Gimmer already has a working beta version and a crypto trading bot app that has been downloaded over 10,000 times. The […]
Continue readingCreating A Safe Haven For Crypto Investors
CCN The X8Currency ICO closed early. It reached its hard cap of €3.4million on Saturday, a full week before the closure date. Founder and CEO Gregor Koželj, whose voice is worn out through speaking so much, is very happy. His project, an ultimate safe haven for crypto investors, is a way to provide an alternative to the current financial system. ‘I don’t want to replace the traditional financial systems,’ he explains. ‘Replacing systems always involves too many hurdles, I want to transcend the current financial system – to offer a real alternative.’ Currency and its fluctuations played a big part on Koželj’s upbringing. Living in Slovenia, he witnessed the deflation of his native currency, the tolar – as a child his savings to purchase a bike were downgraded to only a tyre when the tolar lost its value – and he remembers the value of foreign currency when given as a present by visitors. ‘As a result I have always been fascinated by currency,’ he says. As a grownup he followed his passion and worked in trading and investment. As head of asset management for a major brokerage he started to notice some unusual results. ‘When working with large […]
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Blockchain And Traditional Industries – Where Is The Overlap?
CCN Everyone knows that blockchain is transformational but sometimes it is hard to get one’s head around how it can transform a traditional industry. Kyle Forkey, CEO of Ethmint, thinks he may have the answer. ‘Blockchain at its most simple has a very simple value proposition,’ he says. ‘It is a way to show ownership and can be a way to raise capital. That makes sense.’ He has a point. He is currently advising for Moria, an asset backed, ICO. The asset in question is a real life gold mine based in Colorado, US. The project, billed as the world’s first decentralised investment platform for the extraction of precious metals, looks to reward investors with annual premiums far in excess of normal investment terms, but maybe not as much as traditional crypto investors might wish for. Given the week that is in it, with the spectacular crashes in value across bitcoin and its alt mates, this might not be a bad thing. The mine is located in Colorado and is part of the ‘Gregory Lode’ once said to be the richest square mile on earth. Called the Bates Hunter Mine it extends over 35 acres of ground cover and consists of a […]
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Learning More About NEO, The Chinese Ethereum, Malcolm Lerider Explains
CCN NEO offers the possibility of both Public and Private blockchains in the same ecosystem Zalando, located in the heart of Dublin’s Silicon docks, was the venue for the first meetup of NEO – dubbed the Chinese Ethereum – in Dublin. It was also the kick start off for a European tour with the NEO stars heading off to London, Hamburg, Amsterdam, and Zurich before ending January with a large two-day DevCon in San Francisco. The Meetup was oversubscribed twofold with many developers disappointed not to make the gig. The main speaker was Malcolm Lerider, senior R&D manager for NEO. His talk covered off the key components of NEO, namely that it was designed with business in mind. Lerider spoke of the main features promised by NEO including speed. ‘We can cope with thousands of transactions per second,’ he said. ‘That is pretty impressive but I have to warn you that there are other projects suggesting they can offer multiples of that – I ask you to listen with a degree of scepticism. Claims like that are all using off-chain scaling mechanisms, which are technologies just as easily applied NEO. In the end, the on-chain single core processing speed is […]
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Trying To Inspire Socially Responsible Trading, Bobby Bhatia, TrakInvest
CCN Bobby Bhatia has worked in finance his entire career, much of it based in Asia, working for some of the biggest names in banking and trading. In his sector, he observed the way the world was changing, in particular for millennials and their careers. ‘The world went from too little data to too much data almost overnight,’ he says. ‘And there was little or no curation. Artificial Intelligence was added in and all of a sudden the challenges facing millennials in their careers were huge.’ ‘I saw an opportunity to teach trading as a life skill, proving a primary or even a second income.’ ‘In Institutional trading the odds are stacked against the little guy,’ he says. ‘I felt there had to be a way to close the gap and also to head towards a social responsible trading concept.’ Not normally terms associated with trading but Bhatia is on the money in terms of his timing. He first set up TrakInvest in 2014. It was a free to use, gamified trading platform with phantom money. It was also a world first. Mirroring the top ten equity exchanges across the world, people could set up accounts and learn to trade […]
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