Huobi Enters Partnership with Tradingview for Data Integration

Top global crypto exchange Huobi has entered a strategic partnership with financial charting platform, Tradingview to integrate crypto trading data to the exchange. The partnership will enable Huobi users to directly view the real-time prices of cryptocurrencies on Huobi with TradingView. 

Tradingview users will also be able to easily create accounts and commence trading on Huobi without having to move from one platform to another. 

Huobi is a global crypto exchange servicing millions of users from over 160 countries and regions across five continents. It has gradually evolved from being just an exchange to a full blockchain ecosystem, rendering services such as digital asset trading, financial derivatives, wallets, research, investment, incubation and other areas.

The exchange has one goal, which is to provide comprehensive services to and values to global cryptocurrency enthusiasts. Huobi hopes to improve user experience by integrating data and trading services.

“It is a great honor to partner with TradingView and provide more investors with easy access to crypto assets. Huobi hopes that the launch of data and trading integration services will considerably optimize and upgrade user experience. It enables Huobi to expand to more regions, improve global brand awareness, build a Web3 gateway, and help more traders to trade crypto safely,” a spokesperson for Huobi stated.

TradingView is also a key platform in the crypto space. It is a social platform where traders can learn from other traders and share ideas. They can also test their strategies before applying them to real trades to minimize losses.

Apart from that, TradingView also brings regular financial updates and news, chart analysis, investment papers, as well as live broadcasts to help traders be at their best game.

With this partnership, Huobi users can now optimize their investment strategies and grow their profits with these features, enabling them to maximize every trade they engage in going forward.

“TradingView has established partnerships with multiple exchanges within the cryptocurrency industry. The addition of the well-established exchange Huobi brings more potential for future collaboration. As the partnership evolves, the platform’s multi-dimensional customizable analysis tools and enriched social modules will undoubtedly spark unique synergies with Huobi. This will usher in new opportunities for the cryptocurrency industry,” a TradingView spokesperson stated. 

Huobi partnerships

Huobi has been working aggressively to improve user experience on its platform over the years, no wonder it is one of the top global crypto exchanges today. This involves several partnerships, and this one is just one of them. 

The exchange entered another strategic partnership with Gala Games, a blockchain-based gaming platform in March this year. The partnership had three goals, namely the listing of the Gala Games native token, $GALA, the integration of Huobi’s Huobi Eco Chain (HECO) with the Gala Games platform; and the development of new blockchain-based games that will be available on both platforms. 

Through the partnership, not only Huobi or Gala Games, but the entire blockchain gaming industry would benefit and develop further.

Huobi attracting new users

The partnership with TradingView is indeed strategic, and is a great way for Huobi to attract more users by making data access easier as well as the general user experience on its platform. 

With such an integration, traders who are serious about improving their trades will find the platform more attractive, making it a priority crypto exchange in the near future.

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Mastercard Partners with Ripple to Promote CBDC Innovations

On Thursday, August 17, the Mastercard team announced plans to collaborate with Ripple and other payments companies to support the implementation of the central bank digital currency (CBDC). The Mastercard report demonstrated that the leading payment platform is interested in developing the CBDC.

In a press release, the Mastercard group stressed on the importance of CBDC in the financial sector. Besides the benefits of the CBDC, the Mastercard team will explore the limitations of the CBDC and pursue advanced ways the regulators should implement digital fiat. The payment company seeks to support the implementation of CBDC safely and securely.

Mastercard Supports CBDC Implementation

The payment company has agreed to work with seven blockchain-powered payment platforms to support the development of the CBDC. The Mastercard report demonstrated that the payment company would strive to improve the CBDC critical features including privacy, security, interoperability, and innovation.

An announcement shared by Mastercard’s head of digital assets and blockchain , Raj Dhamodharan, stated that despite the efforts made to digitize the financial sector, it was essential to ensure the value stored in the CBDC can easily be used as other currencies.

The executive noted that the Mastercard program would work closely with companies supporting the development of the CBDC. Dhamodharan stated that Mastercard would leverage the strength and vast expertise of the partners to foster innovation in the central banking sector.

The executive argued that poor implementation of the CBDC could affect the operation of the payment system and limit the growth of investment in the private sector.The payment company acknowledged the central banks’ efforts to launch the CBDC. 

Besides supporting the implementation of the CBDC, the Mastercard team seeks to push the adoption of the new currency. In a recent report, analysts from Fireblocks observed that in countries where CBDC is available, people are reluctant to adopt the new currency.

Therefore payment company demonstrated a willingness to work with Ripple, the team behind the CBDC platform, and the famous software development company ConsenSys. The payment company recognized the efforts made by Ripple to support the Republic of Palau in launching its CBDC.

Additionally, the Mastercard group will collaborate with Fluency, the leading tokenized asset provider that has supported approximately 23 CBDC projects. Other companies working with Mastercard will include Giesecke+Devrient, Idemia, Consult Hyperion, and Fireblocks.

Mastercard and Ripple Participates in CBDC Launching

In 2020 the Mastercard team released a testing platform that the central bank could use to examine the CBDC system. Afterward, Mastercard supported the Bahamas in issuing prepaid cards for the CBDC.

Reportedly the Mastercard group had supported the Bank of International Settlement (BIS) and the Federal Reserve Bank in developing the CBDC. In a recent study, the BIS team observed that approximately 93% of the central banks are working on launching the CBDC. At the same time, four retail CBDCs have successfully been completed.

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LiFi Releases Multibridge Message Aggregator to Improve DAO Governance Security

An official announcement by the head of research at LiFi, Arjun Chand, revealed that the multichain bridging protocol launched a multi-message aggregator to support the decentralized autonomous organization’s (DAO) performance. The new aggregator has defensive features to prevent governance attacks from the cross-chain bridge exploit.

The researcher anticipates that if the newly launched aggregator is successfully implemented, the lending protocols, exchanges, and Web3 platforms will be free from attacks.

LiFi Seeks to Control Cross-Chain Attacks

In a recent debate, the developers from Uniswap, a decentralized crypto exchange, observed that most bridges lacked critical security tools to ensure that the DAO governance was safe. During the January and February debates hosted by the Uniswap team, the developers examined whether the cross-chain bridges were secure to support the governance performance.  

Reportedly, the UniswapDAO debates aimed at introducing a copy of Uniswap to the BNB smart chain. This proposal stirred heated exchanges among the developers who examined the possibility of whether the Uniswap protocol could be governed on multiple chains.

Afterwards, the DAO agreed to introduce a second copy of Uniswap to the BSC. The voter advocated using Celer to share messaging to the Ethereum network from the BSC.

Even though the DAO community agreed to implement the second Uniswap copy using the Celer bridging protocol, the developers experienced a security weakness. In late February, the DAO community expressed concern about the security of the Celer protocol. They argued that the Celer protocol was insecure to prevent governance attacks on the cross-chain bridges.

In the latter, some DAO members advised the Uniswap developers to replace Celer with Wormhole or LayerZero. Before this, the DAO community had engaged in a second voting to determine the suitable bridge that would improve governance security.

The outcome of the January 31 voting revealed that most of the DAO community preferred Wormhole to Celer. Among the votes cast, 62% of the Uniswap holders voted yes, while 38% were against the proposal.

LiFi Launches New Aggregator Bridge

From the completed debates, the DAO community recommended that Uniswap implement multiple bridges to improve governance security. The DAO argued that if the hackers exploited one bridge, the other would react to the command and prevent the malicious attack. 

The DAO recommended that the Uniswap team utilize the Wormhole protocol to create a multibridge solution since none existed. According to the August 18 announcement, the LiFi research stated that the new bridge aggregator has an innovative future-proof solution that meets the ever-changing messaging needs.

Also, the future-proof model will limit the overreliance on a single bridge for governance messages. Chand argued that the LiFi aggregator would require the votes to be validated on the second bridge.

The analyst explained that the DAO results on the second bridge would be considered to be true. The report illustrated that the new bridge aggregator could be adjusted to use three instead of two bridges.

Surprisingly LiFi’s latest development mirror Gnosis multibridge aggregator that aimed at improving the performance of DAO governance. In March, the Gnosis team created a unique multibridge protocol dubbed Hashi.

Later the UniswapDAO committee observed that the Hashi protocol was not ready for production after it could not complete audits and lacked a bug bounty. In June, the UniswapDAO team considered Hashi unsuitable to support DAO governance.

The unsuitability of the hashi compelled the LiFi team to conduct a trial on the new aggregator to ensure it support the DAO governance. Chand confirmed that the LiFi aggregator would undergo an audit and further testing to ensure it improves the efficiency of the DAO governance. 

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Ledger Partners PayPal to Ease Crypto Access for Users

Ledger, a leading security company and PayPal, a leader in global payments, have entered a partnership that will make it easier for PayPal users to access the crypto space. The partnership announced by Ledger, will provide a secure and user-friendly way to buy crypto for both experienced and beginner users.

This is part of the vision to bring secure, seamless, and fast transactions to people in every part of the world, which both Ledger and PayPal share.

“Both PayPal and Ledger are focused on creating secure, seamless, and fast transactions no matter where you are in the world. PayPal has remained at the forefront of the digital payment revolution for more than 20 years, and we are thrilled to come together in this next period of asset innovation with our integration,” said Pascal Gauthier, Chairman & CEO of Ledger.

Ledger is recognized as a top security company in the crypto industry. Its hardware wallets, the Ledger Nano series, are the most popular for securely storing private keys. PayPal is also a global giant known for secure international payments, and remains a leader till this day.

By harnessing the security of Ledger and the payment technology of PayPal, the two companies seek to create a secure, seamless and easy platform for users to conduct transactions affordably.

“We’re combining the uncompromising security of Ledger with PayPal’s leadership in secure payments technology to help facilitate a secure and seamless platform for user crypto transactions. Ledger is committed to simplifying the world of crypto, and PayPal is committed to making the movement of money as simple, secure, and affordable as possible. This integration provides greater optionality while giving users peace of mind converting dollars into crypto,” Gauthier added.

Using the platform

The platform is easy to use for everyone, whether experienced or a beginner. However, only eligible U.S. users can access the service for now. They will be able to directly buy BTC, ETH, BCH and LTC using their linked PayPal account through the Ledger Live app.

If you have used your PayPal account to buy crypto in the past, you’ll be able to buy crypto without needing any further verification. Just follow the steps below.
Open Ledger Live and navigate to the ‘Buy’ section.

1 Select your currency and enter the amount you wish to purchase.
2. Specify your country (currently limited to the U.S.).
3. Choose PayPal as your preferred payment method.
4. You will be redirected to the PayPal interface, where you can log in and confirm the transaction.
5. Once the transaction is confirmed, your digital assets will be automatically sent to the secure environment of your Ledger device.

For those who haven’t used their PayPal account to buy crypto before, a KYC verification is required. This may involve providing information including government-issued credentials.

PayPal facilitating crypto growth

PayPal has done quite a lot in the crypto space this year, the highpoint of which was the launch of its first Ethereum-based stablecoin, PYUSD, which experts say could become a major way to mainstream adoption of cryptocurrencies.

The partnership with Ledger is another big step through which it is bringing its users into the crypto space by encouraging them with a seamless way to buy crypto assets using their PayPal accounts. The payment giant may still have more to unveil in the future in the crypto space.

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OKX and CoinRoutes to Bring Trading Services to Institutional Clients

Leading crypto exchange and Web3 technology company, OKX and leading provider of algorithmic trading strategies and execution management, CoinRoutes, are working on bringing trading services to institutional clients.

The duo announced the new development yesterday 17 August, which is an extension of their existing partnership to include a full range of API-enabled trading services to institutional clients.

As a result of the partnership, institutional clients with accounts on OKX will be able to trade on the exchange through CoinRoutes going forward.

This gives them access to features such as advanced trading algorithms, market data dashboards and a proprietary transaction cost analysis feature that measures trading performance. Order types include automated spread trading and multi-product trading in a single order.

According to OKX Global Chief Commercial Officer Lennix Lai, the partnership will bring enhanced trading experience to its users.

“Our expanded integration with CoinRoutes, one of the largest crypto order execution management systems (OEMS) in the world, gives OKX institutional users a very powerful partner through which they can optimize trading strategies,” Lai said in a statement.

“Through this agreement, we’ve strategically expanded our broker landscape and enhanced the products, services and incentives available to users to further strengthen the trading experience,” he added.

Also speaking concerning the partnership, CoinRoutes’ CEO and Co-founder Dave Weisberger said the partnership will enable them to accomplish their mission of bringing excellent crypto trading solutions to its clients.

“We are excited to announce our integration with OKX, one of the leading global cryptocurrency exchanges. This strategic alliance aligns with our mission of providing the most comprehensive and best performing digital asset trading solutions to our clients globally,” Weisberger said.

“By leveraging OKX’s extensive liquidity and superior transparency, we’ll continue to bolster our clients’ trading strategies, amplifying their potential for superior execution. As we expand our global footprint, this is an important step for us, as it further underpins our commitment to innovation and efficient, data-driven trading solutions,” he added.

OKX enhancing customers’ trading experience

OKX is the second largest crypto exchange in the world by trading volume, and this is hardly surprising considering that it has been developing ways to improve its customers’ trading experience through many recent developments.

One of its most prominent features, OKX wallet, has gone through lots of changes that make it more appealing to many users. Early this month, the wallet launched its “Smart Account” feature which allows users to pay USDT and USDC gas fees on multiple chains.

OKX has also expanded its services to several countries and jurisdictions recently. It has set up an office in Hong Kong, one of the biggest crypto hotspots in the world, and intends to apply for a virtual asset service provider (VASP) license.

Partnership to increase institutional participation

The partnership with CoinRoutes is a strategic one, not just for OKX but for the entire crypto industry.

By providing services to institutional customers, the exchange will increase institutional participation in the crypto space, which is a major growth boost.

OKX is also working towards boosting institutional participation through sports partnerships.

It is a top partner of English Premier League champions Manchester City FC, McLaren Formula 1, Olympian Scotty James, and F1 driver Daniel Ricciardo, bringing onboard millions of fans worldwide who will participate in adopting cryptocurrencies.

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Tether Launching Innovative Software to Transform Bitcoin Mining

In an advanced report, the leading stablecoin issuer, Tether, revealed that the firm has invested in creating innovative software to improve Bitcoin mining activities. The proposed software will support Bitcoin mining operations that leverage data analytical tools and renewable energy.

Addressing the media, the chief technology officer Paolo Ardoino argued that Tether’s latest development aimed at improving the efficiency of Bitcoin mining by introducing better analytical tools. The CTO went ahead and shared the features of the mining software with the Tether community.

Tether to Invest in Bitcoin Mining

A review of the Ardoino post illustrated that the CTO led other Tether developers to build “Moria,” an artificial intelligence-powered device for aggregating and analyzing data.

In his admission, Ardoino argued that the Bitcoin mining operation relies on cloud-based trackers, which are unmodified. The executive lamented that existing Bitcoin mining trackers lacked “deep-level orchestration capabilities.”

The gaps in the Bitcoin mining industry mentioned by Ardoino will require developing an innovative device for analyzing real-time data to improve mining. 

He recognized that the existing mining software is cloud-based and has a simplified interface to provide the user with a detailed overview of Bitcoin mining activity. 

The CTO underscored the need to develop software accessible to deep data sources for mining sites. The executive explained that to develop the said mining tools, the developers will have to create complex and efficient analytical tools that will provide the user with crucial data for analyzing the performance of the mining site.

The CTO added that the proposed software would have innovative optimization parameters that can be used to determine the wind speed or measure the solar strength on a particular day. Ardoino argued that obtaining crucial data would enable the miners to improve their production.

Moreover the stablecoin issuer has invested heavily in improving energy production for the mining sites. The Tether report demonstrated that the excess reserves of USDT are utilized in supporting Bitcoin mining activities.

Tether to Launch Mining Software

The remarkable efforts made by Tether aim at transforming the crypto-mining sector by streamlining the processes. The CTO confessed that Tether’s latest development seeks to improve the storage and monitoring of data generated from miners, electric transformers, and other containers. The report illustrated that data from different mining site sources would be analyzed in real-time.

From Ardoino X’s post (formerly known as Twitter), the CTO computed the value generated from a Bitcoin mining site that constitutes thousands of physical mining units locked in several containers. In his argument, the CTO admitted that the mining site has similar features to that of the Internet of Things (IoT) that generates millions of data points.

In his signing-off remarks, the executive highlighted the core feature of Moria, which focuses more on developing the Bitcoin analytical tools. Later Ardoino restated that the Moria project would focus on improving energy production for crypto mining.

The Moria project is expected to focus on improving the performance of solar panels, windmills, and other sources of energy that produce significant mining related information. The executive explained that the Moria software corresponds to Holepunch, commonly used by Bitcoin miners to gather and analyze data from different sources.

A few weeks ago, the stablecoin issuer announced plans to invest approximately $1 billion into creating a renewable energy project in El Salvador. The proposed investment aims at rerouting Tether shareholders’ returns into the Bitcoin mining sector. However, the CTO confessed that the Tether team is discussing the El Salvador project privately.

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Analyst Projects Bitcoin Price to Soar Over $150,000 After Approval of Spot ETFs

In a wide-ranging interview with CNBC titled Squawk Box, the head of research at Fundstrat, Tom Lee, projected that approving the pending Bitcoin spot exchange-traded funds (ETFs) application will trigger the Bitcoin prices to garner bullish momentum. The analyst anticipates that the US Securities and Exchange Commission (SEC) will soon approve the slew of spot ETF applications.

Bitcoin Prices to Soar

Lee claimed that if the SEC greenlights the spot ETFs, the Bitcoin price will break the $150,000 resistance level by the end of this year. In his August 16 analysis, Lee envisioned that the approval of the Bitcoin ETFs would shift the Bitcoin supply and demand curve in a more promising direction.

During the interview, one of the hosts demanded to know the exact price of Bitcoin at the end of 2024. Commenting on this, Fundstrat analysts argued that the approval of the spot ETF will fuel the Bitcoin prices to soar to around $150000 to $180000.

The executive anticipates that the SEC will replicate the European regulatory action to accept Bitcoin ETFs in the US. In a recent study, the leading ETF analyst at Bloomberg, Eric Balchunas, observed that the US holds approximately 99.7% of the global crypto ETF trading volume.

Balchunas confirmed that if the SEC could approve the spot ETF, the estimated trading volume could reach 99.5%.

Even though the SEC might delay approving the spot ETFs, the analyst remains optimistic that Bitcoin prices will gradually increase. Referring to the impending Bitcoin halving that will take place in April 2024, Balchunas believes that Bitcoin prices will surge.

Impact of 2024 Bitcoin Halving

The analyst forecast that during the Bitcoin halving, the demand will be high than the supply. It implies that the increase in demand will trigger the Bitcoin price to raise. However, Balchunas anticipates that Bitcoin prices will fail to reach the six-figure in the coming months.

Occasionally the SEC takes around 240 days to review the Bitcoin ETF application before announcing the final decision. A few months ago, the SEC rejected the Bitcoin ETF application submitted by BlackRock.

The SEC argued that the approval of the spot ETFs could lead to market manipulation and fraud. This obliged the market regulators to review the spot ETF applications thoroughly.

Before then, the SEC rejected the Bitcoin ETF filing submitted by fast-growing asset managers such as Fidelity, Wisdom Tree, and Invesco had submitted spot ETFs. 

The SEC decision has compelled asset management firms to revise and resubmit the Bitcoin ETFs documents. Notably, the growing interest in providing Bitcoin ETF to retail and institutional clients has challenged asset management firms to seek to meet SEC requirements.

Will Bitcoin Prices Surge?

In a recent analysis, Balchunas and his colleague James Seyfart estimated the SEC’s high probability of approving the spot ETFs. The two analysts argued there is a 65% probability for the SEC to approve the ETFs.

Balchunas’ analysis mirrors a recent report on Bitcoin price movement issued by Adam Rock, the chief executive of Blockstream. The CEO announced that the Bitcoin prices would reach $100000 in March 2024, a month before the expected Bitcoin halving.

In a report dated August 15, the cofounder of Onramp, a famous Bitcoin investment company Jesse Myer announced that the market would react to the Bitcoin halving after 12 to 18 months. He claimed that Bitcoin would fail to reach the $100000 mark before the expected halving.

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