What is Bitmex? How Reliable is Bitmex?

The Bitmex Mercantile Exchange is a place where professional investors trade Bitcoin derivatives in real time. Experienced traders can get up to 100 times leverage in contracts and shorting, which increases the chances of making it big profits or losses. Advanced traders are more comfortable with higher risk and that’s why this platform is so popular with them. Bitmex is currently one of the largest Bitcoin trading platforms with over 540,000 accesses and 35,000 BTC monthly. It also has a trading history of over 34 billion dollars’ worth of Bitcoin. BitMex only trades in Bitcoins, which means profits and losses are made in Bitcoin even if you use Altcoin to finance trading. Bitmex is currently optimized for mobile and is only available on android phones however; one can use it on the desktop. Bitmex only supports three currencies, US dollar, Japanese Yen and Chinese Yuan. Bitmex is a great place to make huge profits in a very less amount of time, you just need to make sure that you know what you are doing. Once you have mastered it, you will know why everyone jumping in to Cryptocurrencies these days. If you are not sure and just starting, then we are here for you and we provide countless assistance. You will be amazed by seeing the way we trade and make daily profits for our community – https://t.me/freebitmexsignals.

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This is how you can buy Bitcoin on Binance

If you wish to buy Bitcoin on Binance, then you’ll need to create an account on Binance. Binance is the most famous Cryptocurrency in the world and widely used, because of it’s extensive selection of Altcoins, which continues to grow with frequent additions. You can withdraw 2 BTC per day without any verification, it’s also supports mobile app for both iOS and Android devices.


You can get started by purchasing some BTC on Binance with a credit or debit card if you don’t own any Cryptocurrency yet.


The most convenient cryptocurrency to deposit if you want to purchase Bitcoin (BTC) is Ethereum. Once your purchase is complete, you can also use the Bitcoin you bought for trading with a big selection of other coins.
Now if you want to make a deposit, head to the navigation bar at the top, click Funds – Deposits. Search for ETH for Ethereum and select it. The website will provide you with a deposit address for the cryptocurrency you selected. The address will be alpha numeric and all lowercase. Copy the address and go to your wallet of choice. Send the amount you wish to deposit to the address you copied. The process won’t be instant, it will take upto an hour for the funds to show up on your Binance account.


If you wish to check your balance, go to Funds – Balances in the navigation bar at the top of the website. Now Exchange – Basic, if you want to place an order. Let’s assume you’ve deposited Ethereum, On the top right corner, select BTC and search for ETH, which is the ticker for Ethereum. The ETH/BTC trading pair should appear.


You can only buy BTC by placing a sell order for ETH. In this case, you will be selling your ETH for obtaining BTC.
That’s how you buy Bitcoin on Binance.

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ETH Gets Direct Support by Abra, the Digital Currency Wallet.

Digital currency wallet and exchange Abra has launched native Ethereum (ETH) support. Easier for users to receive, hold, sell and buy ETH directly from the Abra wallet, as well as use the Altcoin as an on-ramp to invest in other Abra-listed crypto and fiat currencies up to over 30 crypto assets and 50 fiat currencies.


As the Abra blog post outlines, up until now, Abra had only supported Ethereum as a so-called “synthetic asset” as an investment mechanism that creates crypto-collateralize contracts so that users could gain exposure to the Altcoin’s price movements, but not hold the coin itself.


CEO of Abra, Bill Barhydt has given a short statement, noting that Ethereum support “sets the stage for Abra to launch native ERC-20 support, in particular a whole bunch of [ERC20-based] stable-coins, that we’re excited about.”


He also said that he believes that private or permissioned, blockchain networks will eventually “fail miserably,” in comparison with the now-defunct concept of the private extra-net from the 1990’s, that restricted access to an authorized set of users.

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MyEtherWallet to launch Ethereum Blockchain Explorer

Major Ethereum (ETH) wallet provider MyEtherWallet (MEW) has announced the launch of the alpha version of its new open source Ethereum blockchain explorer on their Twitter account.


The current version of EthVM shows data from the Ropsten network, an Ethereum testnet. Once arranged on Ethereum’s main network (mainnet), EthVM will be rival Etherscan, the current top Ethereum block explorer.


In the tweet announcing the news, MEW asked users to report their criticism on the tool, stating:
“Keep in mind that it’s still in Alpha – please report any issues and suggestions, and help us improve the platform!”


As users of Cryptocurrency wallets MEW and Electrum are currently facing phishing attacks.


Analyzing the Ethereum chain, recent research showed that over 80 percent of the total circulating supply of Ethereum is held by 7,572 addresses. It also claimed that the price of ETH has dropped an average of 19 percent after each of the past five hard forks, over the following 30 days.

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Today’s hot topic for discussion:

• Ethereum Has Twice as Many Active Developers as Bitcoin: Report.

• The Virtuous Circle of Market Data.


• Marshall Islands Rejects IMF Concerns to Launch ‘Sovereign’ (SOV) Digital Currency as Legal Tender.

• Major Online Swiss Bank Integrates Bitcoin Custody, Boost in Institutionalization.

• Still The Same Range, But Could Bitcoin Overcome $4000 Soon? – BTC Price Analysis Mar.10.

• Brave Ads Rewards Now Live, Users Can Earn 70 Percent of Revenues in Basic Attention Token.

• Over 15k Tips Sent in 3 Months Via The Bitcoin Lightning Network.


• Nano files trademark for NANORAY, a point-of-sale.

• How ETH Miners Are Reacting to the Constantinople Hard Fork.

• Monero Protocol Upgrade Successful: Improved ASIC Resistance, Security, and Privacy.

 

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Enjin Coin in an official Partnership with Samsung Electronics

Enjin Coin, a modular blockchain platform structured in tokenized gaming, hit the limelight and saw its ENJ Cryptocurrency price upsurge slightly after the project’s leadership confirmed, the Ethereum-based coin play had entered a partnership with international smartphone manufacturing titan Samsung Electronics.


After Samsung announced its crypto-friendly Galaxy S10 smartphone last month, fact that the phone’s in-built Samsung Blockchain Key-store would support ether (ETH) and ERC20 tokens in the very least. A reveal picture of the Key-store had shown in-app mock holdings of ETH, ENJ, and Basic Attention Token (BAT).


Enjin’s Vice President of Marketing Simon Kertonegoro later confirmed his team’s partnership with one of Samsung’s biggest arms.


Kertonegoro told CoinDesk, “WHILE I CAN CONFIRM THAT WE HAVE AN OFFICIAL PARTNERSHIP WITH SAMSUNG, I’M NOT AT LIBERTY TO DISCLOSE ANY OTHER INFORMATION AT THIS POINT,”

Details on the collaboration are missing for now, then, as both partners are a origin based on South Korea and that smartphone tech is all but certain to be central in the team-up.

 

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Ethereum’s Co-founder Vitalik Buterin Offers Crypto Wallet Fee as a fund to Developers.

Ethereum co-founder Vitalik Buterin currently proposed that Cryptocurrency wallets charge a small gas fee for transactions, funding its developers. A small amount in fees in sum lead to up to $2 million a year.


Buterin made his suggestion, proposing a “one-off” 1gewi (Transaction fees on the Ethereum network are denominated in gas, which itself is measured in gwei. About 73,000 gwei equal $0.0). payment for transactions from ETH wallets.


Buterin wanted the fee as a norm and not a mandate in the Ethereum ecosystem. When asked how he could stop users from free riding by bypassing these costs, he noted that while it would be possible to do so, hopefully the fee could be set low enough to avoid incentivizing the development of “pirated” ETH clients.

“users were not willing to pay for something that was previously free.” The crypto community’s response to Buterin was initially mixed, but soon critics started piling up.


Buterin compared Bitcoin to a pocket calculator and Ethereum to a smartphone, as the flagship Cryptocurrency does one thing well, while ETH is capable of doing nearly everything.


The second-largest Cryptocurrency by market cap, its block generation rate has also increased as its ‘difficulty bomb’ was diffused as expected.
Switzerland’s main stock exchange, SIX, has recently launched an Ethereum-based exchange-traded product, the Amun Ethereum ETP (AETH).

 

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There is news that Bitmex is selling user’s data! However, Bitmex is denying it.

Bitmex is saying that they are very much transparent on how data is used.There are allegations on Bitmex regarding its new user agreement which will allow it to sell trading data to third-party firms.


On Tuesday, Bitmex announced that it had updated its Terms of Service Agreement, including changes to the intellectual property clause. When the updates go into effect, as of March 6th, BitMEX users will give up any rights of ownership for content posted on the platform.


Clause 3.4 states that HDR Group, which owns BitMEX, “shall be the sole owner of any derivative work produced by the HDR Group based on, or in any way connected with, your content, and shall have the right to use such derivative work for any purpose, commercial or otherwise, without any further obligation to you.”


They got quickly criticized for their publication, suggesting that BitMEX would be able to sell users’ data, including trading patterns, onto third-party trading firms. With this news, some Reddit user stated, institutional traders would be able to construct behavioral profiles on retail investors.
In a type of activity known as order flow trading, a firm with access to trading data could accurately determine the levels at which retail investors would buy and sell. A firm can profit from altering market conditions with this information.


For example, if sellers were only prepared to sell Ether (ETH), at $147 (the ETH price was $137 at press time), a firm armed with their trading data might put up a lower offer limit, undercutting the market and pushing other traders to sell for lower prices.


One Redditor, speaking on behalf of the exchange, denied the allegations.
“BitMEX is not selling customer data,” the Redditor commented. “The purpose of this notice is to inform users that we will soon be providing greater transparency about how your data is used within our network and with the services we use (alerting, recapture, Yubico, Fresh desk).”


In traditional markets Purchasing order flow is already common practice. In the early 1980’s, Bernie Madoff, was one of the first traders to pay brokerage firms for the right to execute their clients’ orders, oftentimes a penny or two per share, who is currently serving a life sentence for eleven federal felonies.

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Bitcoin falls face down with incurred loss of $15 Billion

The top 20 cryptocurrencies witnessed a sharp market drop, reporting heavy losses over the 24 hours after earlier today seeing major gains within half an hour of fall.


Bitcoin (BTC) broke the $4,150 mark again today before falling back under $3,900 to press time.


Ethereum (ETH) is maintaining as the largest Altcoin by market cap, which is over $14.5 billion. The second-largest Altcoin, Ripple (XRP), has a market cap of about $12.4 billion.


ETH has seen heavy losses and is trading around $139, after having started the day at $148. The current price is about 16 percent lower than the coin’s mid-day high of $165.


Among the top 20 cryptocurrencies, the ones noticing losses are Litecoin (LTC), Bitcoin Cash (BCH) and Ethereum Classic (ETC), with double-digit losses around 10 percent.


The total market capitalization of all cryptocurrencies hit a multi-month high of almost $144 billion with shedding almost $15 billion to hit $127 billion.


Liechtenstein-based Bank Frick is launching an institutional Cryptocurrency trading platform subsidiary, DLT Markets.


News broke that the Russian State Duma (the lower house of the Federal Assembly of Russia) plans to review and adopt new Cryptocurrency regulation in March and that the country’s former Energy Minister, Igor Yusufov, is introducing an oil-backed Cryptocurrency.

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Major Cryptocurrencies on the rise.

Cryptocurrency markets see a go sign after trading sideways at the beginning of the day. Nearly all top 20 coins are viewed to have minor gains.


Bitcoin (BTC) broke the $4,000 threshold, peeking the $4,010 mark. However, the leading Cryptocurrency is trading under $4,000 at around $3,981, having gained just around 1 percent over the last 24 hours with lowest price point of around $3,618.


Ethereum (ETH) is currently trading at a$147.62, rise with 2.5 percent. The altcoin is up around 20 percent from its price point of around $123. ETH is now up slightly over 18 percent month wise.


The third largest digital currency, Ripple (XRP), has gained 1.48 percent and is trading around $0.329 currently. By weekly chart, XRP has rose by 8.10 percent, with loss by 0.3 percent monthly basis. EOS meanwhile has seen upwards gains, up by 34 percent on its weekly chart and 56 percent over the month. Currently EOS is up by 7.76 percent over the past 24 hours and is trading at $3.83.


Binance Coin (BNB) and Tether (USDT) have reported losses over the past day, down 0.24 percent and 0.39 percent respectively. Among the top 20 currencies.


Cryptocurrency Tron (TRX) up by just 1.66 percent on the day and trading at $0.0251 at press time. With a total market capitalization of all 2,074 cryptocurrencies on CoinMarketCap is around $134.8 billion, up from $121.3 billion a week ago.


West Texas Intermediate futures hit a new high for 2019, up 1.5 percent at $56.92 per barrel, while Brent crude futures rose 63 cents, or 1 percent, to $67.08 per barrel, Andy Lipow, president of Lipow Oil Associates in Houston, said that “The oil market is supported by the OPEC and non-OPEC cuts from countries that are determined to see higher prices and supply disruptions.”

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