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BitMEX adds EOS on their platform, confirms Arthur Hayes

Prerana Sarkar



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


Binance Chain’s ‘decentralization’ questioned by Bitcoin enthusiast; calls Binance DEX just an app




Binance Chain's "decentralization" questioned by Bitcoin enthusiast; calls Binance DEX as just an "app"
Source: Unsplash

Udi Wertheimer, an independent developer and a “Bitcoiner” posted a series of tweets taking a jab at Binance Chain, which is slated to launch on April 23.

According to Wertheimer’s tweets, Binance has not updated the “source code” or “binaries” for the Binance Chain; and despite enquiring about it on the official telegram group of Binance, he was offered any source code.

He said that Binance recommended users, who want to migrate tokens to Binance chain, use the official SDK, which will be done via official HTTP API using Binance’s trusted servers. Binance DEX, which will make use of the Binance Chain, also has no source code or binaries which are open source. He stated:

“There’s almost nothing there. So I looked for the source code. Guess what, THERE’S NO SOURCE CODE. They only have binaries, and only for a light client, no full node at all!”

He commented on the Binance Chain and the Dex that all Binance did was release an “app that connects to the API of your new centralized infrastructure”. In addition, the “Light Node” is a program that helps users access and interact with the Binance Chain in a secure and decentralized manner; the source code for which is “closed source” according to Wertheimer.

Wertheimer further added:

“Just releasing the binaries won’t be enough, and there’s no indication I could find anywhere that they intend to release the source code, like, ever. In any case, regardless of what may happen in the future, what’s released so far amounts to nothing more than a new website.”

A Twitter user, @bag_holder commented:

“Lol seems like a very Chinese thing to do. “BORROW” IP, make some edits, then keep it to oneself”

Another Twitter user, @thecryptostefan commented:

“There’s a branch with the full node implementation, no? I thought they just hadn’t merged it to master yet when I was looking last night. I think it’s the prerelease branch or one of those.”

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