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BitMEX adds EOS on their platform, confirms Arthur Hayes

Prerana Sarkar

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BitMEX adds EOS on their platform, confirms Arthur Hayes
Source: Pixabay

On June 7th, the Co-Founder, and CEO of BitMEX, Arthur Hayes officially announced on his Twitter page that BitMEX has listed EOS on their platform and is now available for trading.

He tweeted saying:

“Is $EOS a shitcoin or the real deal Holyfield? Trade $EOSM18 with 20x leverage on BitMEX.”

Arthur Hayes claims to bring in a deep understanding of the trading structure with the addition of EOS to the network. EOS operates as a smart contract platform that enables developers to build decentralized applications on their public forum.

The network is highly scalable as it allows inter-blockchain communication, flexible in terms of fixing broken applications, self-describing interfaces, and they hold a keen interest in the investment and growth of the EOS eco-system.

EOS also aims at eliminating transaction fees in order to hold millions of transactions per second. The platform has gained considerable attraction because of its scalability. Trading with BitMEX provides up to 100x leverage on Bitcoin and higher leverage on altcoin contracts, without expiry dates.

Earlier this year, Hayes announced the launch of the new EOS Futures Contract after making significant changes in their trading engine technology. The EOS token listing for futures contracts $EOSM18 is scheduled for June 7th and June 29th.

BitMEX also allows new users with practice placing, executing, and canceling orders on their sandbox testing exchange. Hayes has also gone about explaining how safety is their first priority so that users do not incur any losses. His platform is expected to make greater profits with global adoption of digital currencies.

One crypto-enthusiast on Twitter commented saying:

“Thanks for adding this! $EOS got great volatility- Just what you are after with leverage trading!!!”

Another guy on Twitter, MrTechieCrypto says:

“Shitcoins get lots of hype. Hype = lots of volatility due to newbie traders = good profits for actual traders. Thanks.”





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Prerana Sarkar is a part of AMBCrypto's News Reporting Team from January 2018. She is a Journalism major from Mount Carmel with two years of writing experience in Bitcoin and Blockchain related articles. Prerana does not hold any value in cryptocurrency or its projects

Altcoins

Cardano’s focus is on staying loyal to ecosystem’s scalability & interoperability, says Charles Hoskinson

Arijit Sarkar

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Charles Hoskinson shares Cardano's vision to enable scalable and interoperable crypto ecosystem
Source: United States Air Force

As numerous developments continue to change the face of the cryptocurrency space, IOHK’s CEO Charles Hoskinson shared Cardano’s latest innovations in its ecosystem through another one of his AMA sessions. While the entrepreneur expanded on the expected launch of its Haskell and RUST testnets, the AMA was also focused on sharing his aggressive plan to enable Cardano’s smart contracting.

Hoskinson attributed the vision’s ultimate success to three main factors, which include ability to train new developers, the model itself and Cardano’s ability to interface with the broader functional programming community. He supported this idea by saying,

“This is a huge untapped community full of credentialed and qualified programmers. By interfacing our foundation with that community, we should be able to see a lot of really interesting DApps produced for Cardano rather quickly.”

Comparing Cardano’s credibility to the infamous JAVA platform, Hoskinson claims to have made 20 reiterations of the project “because programming language theorists are perfectionists and they really want to get this done right.”

While the Cardano team continues to work towards the deployment of Shelley and Marlowe on the testnet, Hoskinson also hinted at some incremental upgrades that will be expanded upon in the next AMA, as well as on the company’s official website. Out of the many iterations, Cardano’s primary focus will be to stay loyal to the ecosystem’s scalability and interoperability across other crypto-based ecosystems.

Hoskinson also mentioned that his past contributions to Ethereum helped his team explore the design space of the code, which ultimately helped them develop a seamless ecosystem focused on user experience and ease of use. He added,

“People want to keep regulators happy. That said, we will also begin exploring some privacy ideas and how we can also increase privacy on these transactions.”

In addition to backend development, it is also important to note that Cardano’s [ADA] crypto-adoption has allowed it to dethrone Tron [TRX] from the 11th position, with respect to market cap.





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