Blockchain
OKEx Launches USDT-margined Perpetual Swap Trading
OKEx (www.okex.com), the world’s largest futures cryptocurrency exchange, is set to launch the USDT-margined Perpetual Swap Trading, a linear contract, on December 16, 2019, after the recent launch of USDT Futures Trading. While it allows users to long or short a position to profit from or hedge against the rise or decline of a digital asset’s price, there is no contract expiry nor the need for roll-over. USDT-margined Perpetual Swap offers 9 types of trading pairs including BTC, EOS, ETC, ETH, LTC, BCH, BSV, TRX and XRP with a leverage level of 0.01-100x to maximize users’ trading strategy.
OKEx Perpetual Swap, one of the most popular derivative products of its portfolio throughout the year, is a synthetic margin trading instrument that saves traders from the hassle of re-opening new positions and paying extra transaction fees for a new contract, making it an ideal instrument for long-term investment or risk hedging. Upon its launch, the trading volume of the never-expiring contract has continued to break its record high thanks to its well-received highly leveraged nature. The USDT Perpetual Swap is quoted and settled in USDT digital tokens, and each contract has a face value of fixed amount of digital token with no expiry date.
Key features of OKEx USDT-margined Perpetual Swap Trading include:
- No contract expiry
- Leverage level: 0.01 to 100x
- Supported pairs: BTC, EOS, ETC, ETH, LTC, BCH, BSV, TRX and XRP
- Daily Settlement
“OKEx has been at a stage where we kept evolving. We received great response from users after the launch of USDT futures trading last month. It has been a good example of us demonstrating our commitment in cultivating a good vibe in the derivatives space,” said Jay Hao, CEO of OKEx. “Our goal is to provide a one-stop shop for professional and retail traders, offering both spot and derivatives product portfolio at one place. We’re always working to meet the needs of users in a shifting global economy and cryptocurrency ecosystem.”
OKEx has adopted an enhanced risk management system for derivatives, which includes:
- Mark Price — Well-established mark price system to effectively avoid huge fluctuations and unusual liquidation
- Tiered Maintenance Margin Ratio (TMMR) System — to avoid liquidation of large positions and its after-effect on market liquidity
- Forced Partial Liquidation Mode — to eliminate the market impact caused by many liquidated orders
USDT Perpetual Swap Simulation
From now to December 11, 2019, users can try out the trading simulation to get familar with BTCUSDT, ETHUSDT and EOSUSDT perpetual swap and get a chance to win daily and grand prizes, totaling 50,000 USDT up. Participant can obtain virtual money of 10,000 USDT each to the Perpetual Swap accounts for trial trading, i.e. 30,000 USDT in total. The virtual money is only for USDT-margined Perpetual Swap Trading and cannot be transferred or withdrawn.
SOURCE OKEx
Blockchain
Ebang International Reports Financial Results for Fiscal Year 2023
Blockchain
FBI warning against crypto money transmitters ‘appears’ to be aimed at mixers
A recent warning from the FBI regarding a crypto money transmitter seems to be aimed at the Samourai Wallet. This development highlights the increasing scrutiny and regulatory challenges faced by privacy-focused cryptocurrency wallets and services.
The FBI warning raises concerns about the use of certain cryptocurrency wallets that prioritize user privacy and anonymity, potentially enabling illicit activities such as money laundering and terrorist financing. While the warning does not explicitly name any specific wallet or service, the language used suggests that the Samourai Wallet may be the target of the advisory.
Samourai Wallet is known for its focus on privacy and security features, including coin mixing and stealth addresses, which aim to enhance user privacy and protect against surveillance and tracking. However, these features have drawn the attention of law enforcement agencies and regulators, who are increasingly concerned about their potential misuse by criminals.
The FBI warning underscores the challenges faced by privacy-focused cryptocurrency wallets in navigating regulatory compliance and law enforcement scrutiny. While these wallets aim to empower users with greater control over their financial privacy, they must also address regulatory requirements and law enforcement concerns to avoid legal and reputational risks.
As the cryptocurrency industry continues to evolve, privacy-focused wallets like Samourai Wallet will need to strike a balance between privacy and compliance, ensuring that they can provide robust privacy features while also addressing regulatory concerns and maintaining transparency with authorities. This delicate balance is essential to foster trust and confidence among users and regulators alike, ultimately enabling the continued growth and adoption of privacy-enhancing technologies in the cryptocurrency space.
Source: cointelegraph.com
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Blockchain
Pantera Capital Plans to Raise $1 Billion for New Fund Offering Exposure to Crypto Assets
Pantera Capital is reportedly planning to raise $1 billion for a new fund that offers exposure to various crypto assets, as reported by Blockchain.News. This ambitious fundraising initiative underscores Pantera’s continued confidence in the potential of the cryptocurrency market and its commitment to providing investors with diversified investment opportunities in the digital asset space.
The new fund from Pantera Capital aims to capitalize on the growing demand for exposure to cryptocurrencies and blockchain-based assets among institutional and retail investors. By offering a comprehensive portfolio of crypto assets, the fund seeks to provide investors with access to a wide range of investment opportunities, spanning cryptocurrencies, tokens, and other digital assets.
Pantera’s decision to raise $1 billion for the new fund reflects its optimistic outlook on the long-term growth prospects of the cryptocurrency market. With increasing mainstream adoption and institutional interest in cryptocurrencies, Pantera sees significant potential for value creation and capital appreciation in the digital asset space.
As one of the leading blockchain-focused investment firms, Pantera Capital is well-positioned to attract capital from investors seeking exposure to the cryptocurrency market. The firm’s track record of successful investments and its experienced team of investment professionals are likely to bolster investor confidence and support for the new fund.
Pantera Capital’s plans to raise $1 billion for its new fund underscore its commitment to driving innovation and growth in the cryptocurrency market. As the fund attracts capital and deploys it into promising investment opportunities, it is poised to play a key role in shaping the future of the digital asset ecosystem.
Source: blockchain.news
The post Pantera Capital Plans to Raise $1 Billion for New Fund Offering Exposure to Crypto Assets appeared first on HIPTHER Alerts.
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