Globex Announces Its New Open Order Book System

Globex Announces Its New Open Order Book System

Blockchain software solutions company Globex US Holdings Corp.

is launching its new Open Order Book digital securities exchange software. Users can now bid on order-driven, digital asset-supported marketplaces through the Ethereum blockchain.

 Globex Is Coming Full Circle

Using their smartphones or mobile devices, customers of Globex can purchase, sell or trade any tokens (ERC-20) developed or included on the Ethereum network. Open Order Book comes equipped with a dashboard similar with that of a traditional stock exchange. It also comes with built-in transparency and smart contracts designed to halt market manipulation and protect investors from fraudulent activity and malicious actors. Fake trades are never promoted through volume discounts, and “prop trading” is strictly forbidden. All transactions occur on-chain to ensure that there is some form of auditable record for the future. In addition, the platform offers several trading pairs that are settled within minutes, not hours or days. Currencies are tied to fiat, so investors are not subjected to the same volatile properties that affect most forms of digital currency, and each customer is given their own private key to prevent cyberattacks and theft.

Globex CEO Brian Collins explains:

 The digital asset community deserves a compliant secondary trading solution that upholds the core values of a public blockchain. We believe Open Order Book has the ability to usher in a new wave of quality issuers while leveling the playing field for investors to benefit from the liquidity that a global network of transparent, accessible, regulated trading venues will offer.

Dr. Andrew Le Gear, the company’s chief technology officer, explained the motivation behind the platform’s unique look and style. He claims:

 When developing Open Order Book, we were in a position to observe and solve the challenges that both traditional and crypto exchanges face. We believe Open Order Book showcases the best of both worlds for digital securities participants to transparently and securely trade on the blockchain.

 Working with Government Authorities

Recently, Globex signed what’s called a “Memorandum of Understanding” with the government body of Antigua, a small island nation in the Caribbean. The memorandum has paved the way for Globex to provide the country with its own digital stock exchange that will also be powered by Open Order Book’s transparency and smart contracts capabilities. The company is also releasing a new trading app known as “Game of Trades” in the coming months. Among the company’s primary goals is complete government compliance with present laws surrounding digital currencies. Globex is very concerned about the lack of regulation in the digital asset market, believing it has paved the way for criminal activity, theft and cyber-related problems. The idea is to utilize the power of both “Wall Street and the Silicon Valley” to bring a whole new system of safe and secure apps for cryptocurrency enthusiasts to use.

Article Produced By
Nick Marinoff

https://www.livebitcoinnews.com/globex-announces-its-new-open-order-book-system/

 

Ethereum Foundation Unveils 2M Worth Funding for Development of Serenity ETH20

Ethereum Foundation Unveils $2M Worth Funding for Development of Serenity (ETH2.0)

As reported, the very first stage of the transition from Ethereum network’s to Ethereum 2.0

is expected to take place on January 3, 2020. As we near the launch of Ethereum’s Beacon Chain, the open-source blockchain developer unveiled grants of over $2M. The grants are to be allocated to development teams worldwide aiming at furthering the Serenity (Eth2.0) project. According to a blog post from the company, it has partnered with Protocol Labs and ConsenSys for the allocation of the grants. The announcement says that significant awards will be granted to the leading client development teams, who, at the moment, have been currently tasked with creating long-standing multi-client Test Networks (Testnets) as the launch of Phase 0 draws near.

The said funds are going to be distributed among nine companies and researchers. Companies that have received funding for client development include Harmony ($189K for Harmony beacon chain development), Prysmatic Labs ($725K for Prysm client development), Status ($500K for Nimbus client development), Sigma Prime ($485K for Lighthouse client development), Chainsafe ($217.5K for Lodestar light-client and javascript development), Whiteblock ($184K for ETH2.0 testing), Status ($500K for Nimbus client development). Status has also received $150K for nim-libp2p development. The team is creating a native nim-language implementation of libp2p for use in Nimbus and other projects.

The Ether Foundation, alongside these awards, has also declared allocation of 5 ETH bounties (or 1,000 units of DAI, USD-pegged decentralized stablecoin) for any technical recommendations that will enhance the functionalities of ETH 2.0 before the chain is launched. A series of bounties have also been offered for the Legendre pseudo-random function, which is expected to be a part of the forthcoming proof of custody scheme in Phase 1 of ETH 2.0. The winners of the StarkWare hash (SFH) challenge will also be rewarded. The challenge aims at evaluating the security of currently proposed SFH functions. It is proposed at four security levels: low-security, medium-security, target-security, and high-security in multiple scenarios.

Cryptocurrency analyst Dmitry Khovratovich was awarded $10K to present a report regarding the security of some aspects of the first version of ETH 2.0. Also, Chainsafe received $217.5K for developing its Lodestar light client and javascript. A lot of other initiatives have also been undertaken by Ethereum Foundation towards the development of decentralized protocols and tools that empower developers to produce avant-garde decentralized applications (dapps) that would result in an internet that’s more globally accessible, freer and more trustworthy.

Article Produced By
Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.

https://www.cryptonewsz.com/ethereum-foundation-unveils-2m-worth-funding-for-development-of-serenity-eth2-0/39188/

Ethereum Price Prediction and Analysis ETH Continues Correcting Growth

Ethereum Price Prediction and Analysis – ETH Continues Correcting Growth

                             

Bitcoin keeps growing robustly, its dominance reaching 68.4%,

which is a two-year maximum. At the same time, the Ethereum is attempting a bullish trend. The general growth of digital assets in case the leading cryptocurrency manages to renew local maximums looks highly probable. The British financial regulator Financial Conduct Authority has declared that it is not going to regulate the BTC and ETH, as well as other cryptocurrencies. In the document signed the cryptocurrencies are regarded as exchange instruments. Such coins are decentralized and in most cases used exactly as exchange means. The FCA has specified that such digital assets are out of their jurisdiction. 

However, earlier the British regulator planned to ban selling such contracts as futures for the BTC to retail investor, which could put serious pressure on the cryptocurrency market in general. Some time earlier, a computer game developer Blockade Games, which is trying to realize the Bitcoin Lightning Network as the interface for the Ethereum contracts, declared that the future of digital money belongs to the BTC. The second cryptocurrency ETH is going t be used for less functional projects, such as games on the basis of blockchain.

The company representatives also noted that a lot of users of different games prefer keeping their money in the Bitcoin. Anyway, such situations when the developers use to networks for project creation will give mid-term support to the Ethereum as well. On H4, the Ethereum keeps forming an ascending channel, moderate but stable. This trend is the correction of the previous decline. The quotations are currently aiming at 38.2% ($239.45), upon reaching which the market may rise to 50.0% ($254.30) Fibo. As the main support, the current minimum of $190.41 should be regarded. A breakaway of this level may signal a continuation of the mid-term descending trend.

On H1, the previously stable ascending channel has been broken through at the resistance line. This signifies the growth of volatility at the moment, which promises an upcoming correction and growth in a longer perspective. Speaking about the correcting decline, the first goal may be at the support level of the previous channel around $224.50. Upon completion of the correction a new impulse of growth may be aimed not just at 38.2% ($239.45) Fibo, but even as high as $245.00.

Article Produced By
Guest

https://cryptomode.com/ethereum-price-prediction-and-analysis-eth-continues-correcting-growth/