Blockchain 

Maker Foundation’s Multi-Collateral Dai to Launch on Nov. 18

Rune Christensen, the CEO of the Maker Foundation, has revealed that the Multi-Collateral Dai (MCD) system will be ready to launch on Nov. 18. Speaking at DevCon 5 in Osaka, Japan, Christensen urged all holders of MakerDAO‘s MKR token to cast their votes on November 15. Dai Savings Rate, new CDPs MCD is a decentralized blockchain-based system designed to encompass Maker smart contracts, front-end apps, tools and services.  MakerDao’s announcement points out two core features of the Maker protocol that will be heralded by its planned November launch: first, the…

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Bitcoin 

Binance Introduces Its Market Maker Program for High Volume Users

Major cryptocurrency exchange Binance announced in a blog post published on Sept. 30 that it is launching a market maker program. Per the announcement, users whose monthly trading volumes exceed 1,000 Bitcoins (BTC) — or can reach such volumes — and who also have quality market making strategies can immediately join the program. Binance explains that the aim of the initiative is to bring more liquidity to the exchange. A bid for more liquidity The firm notes that the program is limited to the spot markets of the trading platform…

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Ethereum 

Market Maker Altonomy Raises $7M in Funding Round Led by Polychain Capital

Cryptocurrency asset management firm Altonomy has raised $7 million in a seed round from digital assets investment company Polychain Capital, according to a press release on July 15. Singapore-based market maker Altonomy is planning to allocate the raised funds to source liquidity for institutional customers like spot and derivatives exchanges. Altonomy provides liquidity for Bitcoin (BTC) futures projects from CME Group and works with stablecoins USDC, Tether (USDT), TrueUSD (TUSD) and Paxos Standards (PAX). The company will ostensibly connect over 60 cryptocurrency exchanges and over-the-counter desks around the world following…

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Bitcoin 

Market Maker Due $11.5 Mln Settlement From Quoine After Guilty Ruling on Reversed Trades

Electronic market liquidity provider B2C2 has won its case against Singapore cryptocurrency exchange Quoine and could claim now over 3,000 Bitcoin (BTC) ($11.5 million), local English-language daily news outlet Business Times reported on March 14. The dispute, which saw Singapore’s first cryptocurrency court case begin last November, involves trades made by B2C2 on Quoine’s platform in April 2017. At the time, Quoine was experiencing what it describes as technical difficulties, which resulted in temporary major liquidity problems. As such, B2C2 was able to place Bitcoin (BTC) to Ethereum (ETH) trades…

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