Category Archives: ERC20 Tokens
Source of Image: Populous Medium
One week on from launching v1.0, and ahead of schedule of the new timeline, the team at Populous have been grinding away and are thrilled to announce that v2.0 will open tomorrow at 1800 GMT.
The latest version encompasses new features and functionalities that the developers at Populous are excited for users to explore.
The functionalities of V2.0 includes:
- Bidding on invoices in a crowdsale and outbid peers in real time, either as an individual or contribute to a group that has made a bid to fund the bigger invoices
- Win (or lose) bids and witness the close of auctions.
- Use test Pokens in a simulated environment.
As well the new functions, many issues and bugs have been updated since the release of v1.0
Be sure to continue to read at the source: Populous Medium
Last week we announced and deployed our new version of the dApp code named Omura. So far we’ve had more than 100 loan requests since the release.
Over 3 500 ETH in Decentralized Loans
We have now gone through statistics on the old smart contract which was deployed from December 15th to February 8th 14:00 GMT and our decentralized lending application reached over 3,500 ETH in lending volume over that period. We managed to reach 1,000 ETH in the first four weeks since Alpha 0.2.0 release and the lending volume then rose to 2,500 ETH for a month since then totaling at 3,500 ETH for 8 weeks the version was live despite Ethereum network congestion during January.
Visit our Medium blog to read more details.
Double Lender Bug Refund
On the Alpha 0.2.0 version we came across bug where if two lenders tried to fund a loan at same time the first one to get his transaction through would become the lender and the second one would be counted as first installment of the loan and then receive only part of his ETH, which he tried to fund the loan with back. We’ve called this “double lender” issue and we’ve now went through almost all known cases of this bug and refunded everyone fully for their ETH.
Another bug we and many of our users came across during Alpha 0.2.0 was with user interface where days left to pay timer reverted back to zero even if there was still time left for borrower to pay back the loan. This bug a nuisance but less significant since the smart contract maintained the agreed terms when loan was funded.
We are proud to announce our new team member, Savo Lovsin, as a Head of Trading at RIALTO.AI.
Savo is a highly experienced trader with demonstrated experience from the financial industry, particularly from trading, portfolio management and risk management.
His expertise will greatly contribute to the growth of our trading department and help us to further advance our trading strategies. His primary role inside the RIALTO.AI will be leading the arbitrage and market-making team where he will be able to apply his broad spectrum of experience from the financial industry to the developing cryptocurrency industry.
Be sure to continue to read at the source: Rialto.AI Medium
The Crypto Lark Update: Populous / PPT Review – Blockchain Invoice Financing
Source: The Crypto Lark
TenX Update: MyEtherWallet vs. MyCrypto – How can you store TenX PAY safely?
Altcoin Buzz Update: Altcoins of the Week By Altcoin Army Cryptocurrency Community
Source: Altcoin Buzz
January 2018 Update
As part of our efforts to offer the best user experience on the RIALTO.AI platform, we started to implement certain changes on our website in order to enable better overview, easier access, and effortless navigation. In the upcoming weeks prior to the platform launch, we intend to continue working on the website optimisation that will also be supported by significant design modifications.
Q4 2017 Performance Report Release
On January 15, 2018, we have released our first performance report where we gave an overview of the RIALTO.AI trading activities and the progress in the development of our AI trade bot.
The first update of the RIALTO.AI Trading Dashboard in the new year happened on January 6, 2018, depicting results of a two-week trading period (December 23, 2017 — January 6, 2018), when RIALTO.AI arbitrage and market making bot has executed 1,453 trades earning $58,777. The second update was on January 20, 2018, revealing a profit of $69,788 by 3,983 executed trades in the trading period January 6–20.
Since January, arbitrage and market making bot has been deployed on six exchanges. Until the end of Q1, we expect to add one more exchange out of eight that we are currently analysing. There are three most important conditions that an exchange has to fulfill: reliable software performance, sufficient arbitrage opportunities, and its transparent background. Furthermore, we added four new cryptocurrencies (ZEC, XMR, EOS, BTG) and five new trading pairs (BTC/ZEC, BTC/XMR, BTC/EOS, BTC/BTG, ETH/DASH) which we will start trading fully in February. Consequently, we expect to nearly double the current utilisation of RIALTO.AI Total Assets.
Coming up in February
In February, we will introduce our team reinforcement whose expertise in the field of the financial industry will greatly contribute to the growth of our trading department. More details will follow shortly.
February RIALTO.AI AMA Session on Reddit
If you haven’t seen yet our January AMA answers, you are kindly invited to read them here. Also, we have opened the February AMA Session that will stay unlocked until February 26. We encourage you to submit, upvote and downvote questions, the answers to which we will publish on March 5.
Hedge Update: On why Hedge and Buchman Indices excluded Tether from all indexation procedures already in December 2017
On why Hedge and Buchman Indices excluded Tether from all indexation procedures already in December 2017 and the implications thereof
Same story, different actors…
Few days ago (after BitConnect was revealed as a Ponzi scheme) we published a blog post detailing our reasoning for the exclusion of BitConnect from our indices, and explain the structure and mechanics thereof. Yesterday news surfaced that Tether and Bitfinex, companies with supposedly overlapping ownership, have been served a subpoena in Dec 2017 by the US derivatives regulator Commodity Futures Trading Commission (CFTC). Thinking ahead, Buchman Indices and Hedge excluded Tether from all indexation procedures on Dec 22. Such assessments and extracurricular Index Committee meetings ensure the integrity and professionalism of all our indices.
Regarding the legality of Tether Ltd. activities, the situation is unambiguous. In the case of Liberty Dollar (United States of America vs. Bernard von Nothaus), it has been established that producing private money resembling domestic of foreign currency in the US is a felony. This carries the important consequence that Tether CANNOT be audited for the fear of legal persecution, regardless if there are actual USD reserves in their bank accounts or not. At the very least, the banks where Tether supposedly holds the US Dollars would lose the correspondent banking connections necessary for USD clearing.
There are serious concerns of market manipulation on Bitfinex with the freshly minted USDT and with no way to independently verify the solvency of Tether Ltd., we will keep it out of the scope of Buchman Crypto Indices unless the situation changes.
ETHLend introduced a new fee structure and token utility this Monday for the ETHLend community and early adopters of the decentralized lending application. While most of the community members considered the new utility as a groundbreaking model, there were still suggestion on keeping the Ethereum token as the medium of exchange. Therefore, ETHLend created a poll where all token holders and early adopters of the platform could vote on the medium of exchange on the decentralized lending application.
Based on the communities voice, the ETHLend team will provide the requested changes to the previously presented fee structure to enable both Ethereum lending and lending with LEND as the medium of exchange. Additionally, to provide more incentive to use LEND token as the medium of exchange and to uphold the extensive utility of the token, ETHLend enables zero fee lending when LEND is used as the medium of exchange.
Additionally, the previously proposed fee reduction structure will be upheld on both Ethereum and Bitcoin lending (which is going to be implemented during Q2 of this year). Therefore, instead of providing 25% discounts to borrowers and lenders as suggested by our white paper. ETHLend will provide 100% discount on LEND token lending and 50% discount for the lenders and borrowers when LEND is used as a collateral on Ethereum loans. Hence, the two medium of exchanges in the decentralized application will be LEND and Ethereum.
Moreover, to be able to unlock the 120 billion USD liquidity within Ethereum, ETHLend will work on launching the Ethereum token pledging in parallel with the LEND medium of exchange, and is scheduled to be deployed in Q2, 2018.
Place a loan request by installing Metamask and browsing to the decentralized application at https://app.ethlend.io. Press help for instructions or chat with us.
BTCBusinessconsult Update: News Updates, PPT Price explanations, My thoughts on Bitcoin price