Former Morgan Stanley Developers Launch Crypto Derivatives Exchange

Eight former core developers from financial services company Morgan Stanley have launched Phemex, a new cryptocurrency derivatives trading platform, in Singapore. In a press release shared with Cointelegraph on Dec. 4, the former Morgan Stanley developers claim the platform is ten times faster than traditional crypto trading platforms, while offering 100x leverage to both retail and institutional investors in Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) perpetual contracts. Exchange is “on par with Nasdaq” In the near future, these contracts will reportedly also be backed by traditional financial products, such…

Dash Decides to Update Dash Explorer to Improved Insight API

Michael Seitz, marketing manager at decentralized payment solution Dash, announced that the Dash Explorer will be updated to Insight on January 7th, 2020. In a Dec. 4 blog post, Seitz explained that Dash has made the internal decision to update the current explorer.dash.org, which is based on the Abe application programming interface (API). the old API is reportedly “outdated and has limited functionality in comparison to the new and improved API, Insight.” Insight is an open-source Dash blockchain explorer that will be used for writing web wallets and other apps…

Bitfinex Allows Lightning Network Shopping on Bitrefill with Bitcoin

Cryptocurrency exchange Bitfinex and crypto store Bitrefill partnered to allow the trading platform’s clients to shop with Bitcoin (BTC) over the Lightning Network. According to a press release published on Dec. 4, Bitfinex users can instantly pay for a variety of services with Bitcoin that they hold on the exchange as of today. A Lightning B2B settlement system Per the press release, the companies attribute the development to the “world’s first dynamic B2B settlement process over the Lightning Network.” The announcement builds on recent news that Bitfinex enabled Bitcoin Lightning…

AirSwap Offers Up to $20,000 For Its Bug Bounty

Ethereum (ETH) decentralized exchange protocol AirSwap announced that it is running a  bug bounty program with rewards up to 20,000 DAI (worth $20,000). It begins now and continues indefinitely. On Dec. 4, the AirSwap team said that the value of the bug bounty rewards will depend on the severity of the bug found, according to the OWASP risk rating methodology and as judged by the AirSwap team. The AirSwap bug bounty rewards go up to 250 DAI for a low-level fix, and up to 2,000 DAI for a high-level fix.…

What Twitter Meme Wars Say About Crypto’s Reliance on Figureheads

CMT Digital’s head of trading, Brad Koeppen, agreed. Cryptocurrency markets are almost uniquely vulnerable to gossip and sentiment swings, he said. The correlation between public personas and trading activity isn’t always apparent from public exchange data, especially for tokens with identifiable figureheads like Binance’s BNB (CZ) and Tron’s TRX (founder Justin Sun), Koeppen said.  Source link