crypto trade

Automated Cryptocurrency Trading Tool Gunbot Propelled

Gunbot, a powerful automated trading tool has been launched by TheCryptoBot.com (a trading software developer) which compatible with 14 exchanges and features 15 Built-in Trading Strategies which constantly tweaked and mixed, thereby giving the trader the complete control. The trading automation software can currently trade with the following markets, Bittrex, Bitmex, Poloniex, Binance, Kraken, Bitfinex, Kucoin, Huobi and Coinbase Pro (GDAX).

Trading Bots Causes $1 Bn Loss

An Ethereum-based asset platform headquartered in Australia, Synthetix has lost 37 million synthetic Ether (sEther) and ceased all its trading option for the day following trades with 1000x profits worth $1 billion in less than 60 minutes. Postmortem analysis revealed that Synthetix’s smart contracts, transmitted false data on June 25, this was exploited by the bots.

Kryll Smart Crypto Trading Platform

Kryll a smart trading platform has been launched which will enable existing strategies to be executed with ease and users can easily choose the exchange they wish to use for buying or selling cryptocurrency, their desired trading pair and the amount they wish to transact. Although no subscription is required, the platform enables traders to further enhance the speeds of back-testing, boost their number of trading spots.

Beaxy Ignores Hack, boldly Launches Crypto Trading Platform

Beaxy has announced the launch of its cryptocurrency trading platform which is now live in 43 United States states and 185 countries. Its CEO Artak Hamazaspyan tweeted, “This was not the first attack on Beaxy, it will not be the last. For example, we were also attacked the day we opened beta. I couldn’t be happier with the product this incredible team has built. Through prioritizing user experience, security, regulatory guidance and seamless functionality…”

OKEx and Caspian Teams Up for institutional crypto trading

OKEx (a young cryptoexchange from Hong Kong) has partnered with Caspian (a crypto risk management platform) to develop the infrastructure for the institutional adoption of cryptocurrency trading. The VP OKEx James Jiang elaborated, “There is huge potential for institutionalization of crypto in China and more broadly. We are delighted to have teamed up with Caspian to help facilitate our clients’ needs in this space.”

Bunch Of US-Based Crypto Traders Banned By Poloniex

Cryptoexchange Poloniex has announced that it will block number of US crypto traders Ignis, Bytecoin, Decred, GameCredits and few others. The Poloniex explained, “Today’s action is a result of regulatory uncertainty in the US market. Specifically, it is not possible to be certain whether US regulators will consider these assets to be securities,”

Major Crypto Traders Meet to Establish Industry Blacklist

A group major cryptocurrency traders thinking about making a boycott of counterparties occupied with terrible exercises in the crypto space. A group of traders from 35 computerized resources firms including such industry players as exchanging firm DRW Holdings Inc’s. Cumberland crypto unit, Mike Novogratz’s Galaxy Digital Holdings, and tech startup Ripple offer to make a boycott or parties who reneged on trades and engaged in dubious activities.

Crypto Traders Has Got New Bank In Puerto Rico

Crypto Traders Has Got New Bank In Puerto Rico

A new Puerto Rico-based institution called San Juan Mercantile Bank & Trust International (SJMBT) will start aiding crypto traders in their business by providing custody and settlement services for both fiat and crypto traded on the exchange. Nick Varelakis, president & COO of SJMBT: “As more liquidity venues onboard with SJMX to trade digital assets, SJMBT will provide critical services…”

Omniex Partners With IPC Systems For Crypto Trading

Omniex Partners With IPC Systems For Crypto Trading

Omniex (a technology developer) has joined hands with IPC Systems (a trading communications solutions provider) with aim to amplify its clients crypto-asset exchange services. Bob Santella, CEO of IPC Systems, said: “Through our Connexus extranet ecosystem, the Omniex platform can provide secure, intelligent channel for cryptocurrency trading for its financial community,”

Pakistan Predicted to Legalize Crypto Trade Sooner Than Expected

Pakistan Predicted to Legalize Crypto Trade Sooner Than Expected

Pakistan could be legalizing investment in cryptocurrency sooner. The Premier Intelligence Agency wrote a letter to the country’s Finance Minister and advised “Monitoring of cryptos is the most difficult part which needs specific expertise/laws through which cryptocurrency trade being carried out via hidden platforms need to be brought under a registered banner.”