Cryptocurrency

During a Volatility Spike, the Cryptocurrency Matching Engines Are Overwhelmed

August 2, 2019 0 dan saada By dan saada

Trades that will be executed in microseconds for retail and institutional investors are aimed to be offered by Blockchain, the digital currency wallet company.

Nicole Sherrod, Head of Trading Products at Blockchain, stated, “Our clients can do trades in microseconds in a category where other exchanges are doing them in milliseconds.”

The current development at Blockchain is significant because when there is a volatility spike, the matching engines are overwhelmed, and many times they shut down and do not even trade.

Bitwala launched its updated cryptocurrency service in December 2018.  During this launch, they offered a single bank account for Bitcoin & Fiat currencies.

Solaris Bank will permit platform users to trade directly from their Bitcoin accounts.  The company stated, “Here at Bitwala, we are hard-at-work promoting the adoption of Bitcoin, with simplicity and accessibility being our main focus. The Bitwala account, being the world’s first to combine Bitcoin and banking, solves just that for thousands of people across Europe, and we’re only just getting started.”

Here at Bitwala, we are hard-at-work promoting the adoption of bitcoin, with simplicity and accessibility being our primary focus. The Bitwala account, being the world’s first to combine bitcoin and banking, solves just that for thousands of people across Europe, and we’re only just getting started.”

Kraken, the US-based cryptocurrency exchange acquired Interchange, thereby allowing the platform to expand on its functionality.  Of note, the founders of Interchange will become a part of the top management of Kraken. Interchange provides with efficient tools for smart cryptocurrency management.

Former Brazilian Central Bank governor thinks that Bitcoin is “spectacular.”  He has been all praises for the cryptocurrency.  Gustavo Franco’s statements appeared to be like unwavering support for decentralized cryptocurrencies like Bitcoin.

Wang Xin, when talking about Libra stated, “If [Libra] is widely used for payments, cross-border payments, in particular, would it be able to function as money and accordingly have a large influence on monetary policy, financial stability, and the international monetary system?”

Phase one of beta testing for Oodlebit exchange begins on August 01, 2019, and ends on August 15, 2019. Virtual balances will be used in the first phase to test the capabilities of the exchange. During the test phase, deposits and withdrawals will be disabled. Since no real cryptocurrency will be used during this phase, no KYC will be required in the process.  Phase two of the beta testing process will be live and will require KYC completion.

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