BitMEX unveils new crypto instrument

Posted 05 November, 2018

Hong Kong-based BitMEX exchange announced new crypto instrument.

The research business of BitMEX exchange, BitMEX Research, is developing a new solution that is believed to be useful and find application in the cryptocurrency segment. The project called ForkMonitor is a website "for monitoring the situation during network upgrades (softforks or hardforks), as well as being potentially useful in helping to detect unintentional consensus bugs," as the company statement reads.

Notably, Bitcoin Cash hardfork is about to take place in the middle of November. In this context, this instrument can be highly useful since the upcoming hardfork rises many doubts in the market and ForkMonitor may help to monitor real-time events.

Moreover, the company even noted that their project will be aimed at this hardfork initially, but then the website will switch to Bitcoin.

The company press release stated:

"The website is primarily geared towards Bitcoin Cash, running 8 Bitcoin Cash nodes compared to 5 Bitcoin nodes. The reason for this is the upcoming Bitcoin Cash hardfork, where several different nodes appear designed to follow different chains." 

The upcoming hardfork can reportedly get support from such big players in the crypto sector as Binance, OKEx, Poloniex and Coinbase exchanges.

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06 November, 2018 11:48

← Cooperation between Bahamas-based Deltec Bank and Tether Limited confirmed

The Bahamas-based Deltec Bank & Trust has confirmed the authenticity of the letter regarding a partnership with Teather Limited that was released by the latter in early November. The letter that might confirm Tether's capability to back the issued tokens faced strong critics from the crypto community just after the news report. With the previous rumours around the company, the players doubted this letter and that fact that the company has enough funds.

Cooperation between Bahamas-based Deltec Bank and Tether Limited confirmed

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05 November, 2018 16:06

Taiwan revises legislation to cover crypto transactions →

Taiwan revised and amended the existing rules striving to enable financial authority to fight against anonymous crypto transactions. Taiwanese government during the Legislative Yuan expanded the legislation last Friday, so now crypto transactions are subject to the anti-money laundering and terrorism funding prevention regulation. The Financial Supervisory Commission can require KYC data provided by investors from crypto exchanges.

Taiwan revises legislation to cover crypto transactions
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