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BitMEX is exploring the possibility of creating short-term bonds in Bitcoin

Arthur Hayes, co-founder and CEO of the BitMEX cryptocurrency derivatives exchange, does not exclude that in the foreseeable future, short-term bitcoin bonds may appear on the platform. The idea itself, however, is not fully worked out and it has yet to bring to mind. This assumption Hayes made in a conversation with a cryptanalyst and trader Luke Martin in the framework published on Friday, 12 […]



Arthur Hayes, co-founder and CEO of the BitMEX cryptocurrency derivatives exchange, does not exclude that in the foreseeable future, short-term bitcoin bonds may appear on the platform. The idea itself, however, is not fully worked out and it has yet to bring to mind.

This assumption was made by Hayes in a conversation with a cryptanalyst and trader Luke Martin as part of the Venture Coinist podcast published on Friday, April 12.

“One of the ideas that I have been studying, while very preliminary, is the possibility of native income generation for Bitcoin holders. Now, if I have Bitcoins and I want to get some kind of income from them, it is extremely difficult. I owe it to someone in an insecure way to lend, while the percentage of no return is very high, ”said Hayes.

One of the foundations of fixed-income markets in the traditional space, the head of BitMEX notes, is that large corporations, which everyone knows and trust, issue commercial short-term securities and, as a rule, receive US dollars for the financial needs of their companies. From an economic and financial point of view, it is more profitable for them to borrow money, rather than use retained earnings.

“The same should happen with cryptocurrencies. I want to create a future in which major exchanges and miners issue short-term bitcoin bonds for the ecosystem. Suppose you want to buy 30-day paper. Why not buy a 30-day BitMEX zero-coupon bond, which gives a certain interest rate that reflects the definition of our credit risk market? ”, Says Arthur Hayes.

According to him, other large companies like Coinbase, Kraken or Bitmain can use the same mechanisms. At the same time, Arthur Hayes is convinced that borrowers are unlikely to want to default the ecosystem and in order to maintain their reputation they will strive to pay for such obligations.

Thus, he says, an almost risk-free percentage curve for Bitcoin is formed, however, there may be more risky borrowers, and then this is the business of companies to choose from having offers.

“Let's say there is a certain speculative project that wants to create something, they need 100 Bitcoins and they pay 20% per annum. It suits me, I agree to that, ” Hayes gives an example.

Such a mechanism, in his opinion, will help create a credit curve for Bitcoin, and people will be able to lend cryptocurrency in a native way and create businesses. And since fiat currencies do not participate in this process, this will be an impetus to the widespread use of Bitcoin and will lead the industry to a new level.

“This is what I now think about, and I hope that in the coming months I will be able to write a kind of white paper or conduct a test transaction to see if there is any interest in this,” said the head of BitMEX.

As BlockchainJournal wrote earlier, during the Venture Coinist podcast, Arthur Hayes also expressed confidence that over the next few years, Bitcoin will reach $ 50,000.

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IMF survey results: cryptocurrency will become the main payment instrument in 5 years

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Analytics and prospects for the cryptocurrency market, Binance Research report The analytical division of the Binance exchange has prepared a report on the cycles in the market of cryptocurrency assets, the findings of which support the version that the minimum point of the current stage is already behind – the “bottom” is passed! According to the report Binance Research, when the price correlation Bitcoins and altkoinov the US dollar reaches a certain positive value, the trend Bitcoins tends to unfold or at least stop the movement in a previously set direction. Of course, investors felt the connection between the main virtual currency and all the others. A new study brought a scientific basis: at a certain time, the correlation value exceeded 0.94, which indicates an almost perfect correlation between the trend of Bitcoin and other cryptocurrencies . At the same time, the data show that the correlation value never fell below 0.8, so you can count on a single trend in the cryptocurrency sector. The periods of increased correlation in the crypto market are directly related to its focus on retail investors, analysts say. According to, 700 funds operating in the cryptocurrency market, as of January 2019, controlled less than $ 10 billion in assets. If we assume that all these assets were placed exclusively in Bitcoin, it turns out that such funds account for up to 14% of the capitalization of cryptocurrency. If we assume that the funds invest in Altcoins in accordance with their proportion in the market (about 50%), it turns out that such funds account for less than 7% of Bitcoin's capitalization. This value is only the thirteenth part of institutional participation in the US stock market and is as close as possible to the Chinese market, where in 2017 retail investors accounted for 99.8% of accounts, more than 40% of capitalization and more than 80% of trading volume. Another similarity between the cryptocurrency market and the Chinese stock market lies in the high turnover of funds that is characteristic of less professional markets.

“Crypto investors are probably more inclined to respond to news and information and hold their positions for a shorter time ,” writes Binance Research. “As a rule, non-professional investors tend to become overly confident or overly pessimistic, reacting to trends in the market, which leads to an increase in the volume of transactions and volatility.”
Another characteristic feature of the cryptocurrency market is “hodling”, when retail investors hold an asset at the stage of decline, but quickly become more active when the course starts to go up. Thus, the crypto-market is distinguished by the irrationality of participants who assess the situation overly positively and negatively, which in turn leads to the formation of bubbles or an unreasonably deep drop and is reflected in the correlation graph of digital asset rates. According to Binance Research, this was the case in 2018, when market sentiment reached a maximum point, so it can be now, with the difference that the reversal in the current case goes up. Publication date 14/04/2019 Share this material on social networks and leave your opinion in the comments below.

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JPMorgan will start testing its stablemobile JPM Coin by the end of 2019



JPMorgan Chase, the largest US banking institution, is preparing to begin testing its stemblecoin JPM Coin by the end of this year.

Umar Farouk, the head of blockchain development at the bank, spoke about the company's intention to initiate a pilot testing of steyblcoin with certain customers at the end of this year. This will be possible when the relevant regulators give the nod to it. Farooq said the company is watching the increase in interest from its international clients to the benefits that JPM Coin has to offer. Recall that the details of the project JPM Coin were disclosed in mid-February 2019.

Interestingly, JPMorgan Chase customers from the United States, Europe, and Japan expressed interest in exploring the capabilities of JPM Coin technology in speeding up transactions related to securities and stocks. Farooq noted that banking steablcoin technology really has the potential to realize the ability to instantly transfer shares through the blockchain. Faruk also drew attention to the fact that the bank is positively tuned to the use of tokenized and digital securities – in 5-20 years certain stocks will be represented in digital form.

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In Russia, you can allow the legal use of steblokoinov



In Russia, you can allow the legal use of steyblkoinov

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In the State Duma allow the legal use of steyblkoinov in the Russian market. This was announced on June 24 during a press conference by the chairman of the lower chamber committee on the financial market, Anatoly Aksakov.

In particular, the legislator reported:

“As regards stablcoins, in principle, according to the formulations that are spelled out in the draft document prepared for the second reading, their use is possible. And we prescribed just at the request of the business. In the initial version of this was not. Then there was the appeal of the business. And we tried to prescribe so that this tool could be used, involved. "

According to Aksakov, the Central Bank of the Russian Federation also does not see any obstacles to the use of steyblcoins.

Recall that today the head of the State Duma Committee on the Financial Market also announced that the deputies will try to adopt a package of bills on regulating relations in the cryptocurrency industry by the end of July 2019.

Publication date 25.06.2019
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Review of cryptocurrency blockchain-casino FairPlay – registration, bonuses, reviews



Review cryptocurrency blockchain-casino FairPlay – registration, bonuses, reviews

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FairPlay is the world's first licensed cryptocurrency casino with embedded integrity control on blockchain technology . The best games of the most popular genres are available for players – slots, roulette, card games and lotteries.

A distinctive feature of the project is the transparency of the game itself, carried out using the blockchain, quick deposits and instant payments. The number of games is more than 300 and is constantly updated.

To play on the Fairplay platform, the TPLAY token is used to conduct all settlements within the online casino. This token can be purchased for Bitcoin (BTC) or Ethereum (ETH) cryptocurrency.

Software. TruePlay Security

Fairplay is the first project implemented on the basis of TruePlay technology. The uniqueness of the product lies in the deep integration of the blockchain, in particular in the integrity control system.

Players can check the operation of the random number generator at any time, in which it is impossible to intervene from outside. Game content, of course, is optimized for mobile devices and tablets.

It is important to note that Fairplay provides its players with exclusively licensed content from the world's best game providers. The project operates under the auspices of the Kahnawake Gaming Commission.

Registration and starting bonuses

The first thing that catches your eye when entering the FairPlay website is an intuitive and user-friendly interface. The casino is not cluttered with meaningless and not informative banners or advertising of other projects. Each section of the site is accompanied by the most accessible descriptions of casino functionality.

On the Fairplay platform, simple registration is not time-consuming, and there is also the possibility of a free game for review. Also TPLAY – the casino's internal currency – is a convenient token, which stores a huge amount of information related to the control of honesty and the life cycle of players.

At Fairplay casino, registration on the site allows you to receive a welcome no deposit bonus in the form of 30 free spins. To receive the bonus, it is enough to create a single account in FairPlay / TruePlay, indicating the phone number and the current E-mail. Next you need to wait for the call operator. After confirming the data, the no deposit bonus will be activated.

The first four deposits will allow you to receive a deposit bonus at Fairplay casino:

  • On the first deposit, the bonus amount will be up to 100% of the deposit amount plus 30 free spins.
  • On the second deposit bonus up to 75% plus 30 free spins.
  • On the third deposit – up to 75% bonus plus 30 free spins.
  • On the fourth deposit – bonus up to 200% plus 50 free spins.

For deposit bonuses, a wager is x20. Bonus validity period is 5 days. Also in the section with bonuses can be found on the website Fairplay casino Promo Code, for which additional gifts are available. The casino site allows you to receive additional income from participation in the affiliate program.

Available games

In the "game room" casino FairPlay when choosing a gambling entertainment is convenient to navigate by category:

  • All games.
  • Slots – slot machines of different genres and with different percentages of payments.
  • Roulettes – various variations, including American, European, VIP and others.
  • Card – baccarat, blackjack and poker in various variations.
  • Video poker – 33 models of gaming machines with poker.
  • Lotteries – instant draws and other types of lotteries.

In addition to sorting games by these categories, you can search by game name and sort by manufacturers. The following providers act as providers of software on the casino site:

  • NetEnt.
  • Microgaming
  • Spinomenal.
  • iSoftBet.
  • Play'n GO.
  • Playson.
  • Betsoft.

Only people over 18 can play for money. Online slots have a training mode that allows you to play for free. However, for this you still have to register on the game portal. Also there are games with live dealers!

Does the casino fairplay bonus system?

Fairplay offers two types of bonuses to its players – one-time and periodical.

By one-time include :

  • First registration bonus: 100 TPLAY to the account
  • First Deposit Bonus: Up to 100% of the amount deposited by the player
  • Bonus of the first four deposits: increasing, up to 200% of the amount

Periodic (usually twice a week) promotions and offers :

  • Cashback – 10% or more
  • Free Spins – up to 200 free attempts
  • From 50% to 175% of bonus accruals on deposits, starting with the fifth

How to check casino honesty?

Usually, third parties are invited for inspections, people or legal entities for whom their own reputation is important. The casino went further, having connected to the TruePlay platform, which uses blockchain technology to guarantee fair gaming and fair calculations, you want to know more, read the review of casino volcano bet.

It works like this:

  • A person starts a game, the data on which (moves, bets, combinations, etc.) are recorded in blocks during the game.
  • These blocks are copied by random users of the system and stored on their personal PCs, and the users themselves do not even know what kind of data these are – betting results, casino balance, chances of winning the game or something else.
  • If someone wants to make changes to this data, he will need the consent of all holders of a copy of the necessary base.
  • The player can at any time check the data of the game session on third-party resources to make sure that they do not change.

What is TPLAY?

TPLAY Tokens is a special currency of casinos operating in the TruePlay system. Players do not bet in money, but in tokens – electronic casino “chips”. The transfer of the deposit to TPLAY is done automatically after the player is registered in FairPlay / TruePlay.

It is important to note that the player is registered at the casino partner. This was done so that in the future a player could use his account to play in other casinos cooperating with the service. Single account – a single personal account, a single currency for payments.

How to withdraw funds?

Withdrawals are carried out on the same wallet from which the deposit was made. Money transfer to TPLAY and back occurs automatically, which simplifies the withdrawal procedure. Now output is available only in Bitcoin, Ethereum and Skrill payment system. But in the near future, TruePlay promises to connect also other EPS and cryptocurrencies.

Withdrawals are made during the working day, although more often it takes a few minutes.

Anonymity and security

Given that the turnover of funds in a casino is cryptocurrency, and you can get a crypt anonymously, yes, the game in such a casino is safe. The registration data of the player is also protected – the casino does not trade the base of its subscribers. Malicious software is also missing.

Is the casino available on both the PC and the phone? mobile version

Yes. The site works correctly in all popular browsers on the PC and is correctly displayed on modern smartphones and mobile devices of recent years. For rest in your favorite game you do not need additional applications, everything works directly from the browser.

User Reviews and Opinions

The list of platform features based on user reviews:

  • The site is fast, advertising is not overloaded, the design is nice, UI convenient.
  • Works equally well on PCs and mobile devices.
  • Background information is written “for people”, and technical support knows its business.
  • Regular bonuses.
  • The project is supported by well-known gaming providers.
  • Large selection of games.
  • The site is developing, new providers and deposit methods are connected to it.
  • Operational withdrawal of funds to the player’s wallet.
  • The ability to make a minimum bet.
  • Blockchain provides anonymity of the player, fairness of the game and a guarantee of payments.
  • TruePlay technology is unique, which immediately attracted interest from gambling and cryptocurrency media, including Forbes magazine.

Publication date 25.06.2019
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