Bitfinex Platform Releases v15.7 Update. Here's What's New

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Fri, 06/05/2020 - 14:05
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Vladislav Sopov
The Bitfinex cryptocurrency exchange ecosystem has delivered updates on its user interface and performance
Bitfinex Platform Releases v15.7 Update. Here's What's New
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According to the Bitfinex crypto exchange platform changelog, its v15.7 update includes substantial user interface improvements and bug fixes. Also, some issues with the Bitfinex Pulse social media platform have been resolved.

Improvements and fixes

On June 5, 2020, a new version of the Bitfinex platform, v.15.7, was released to upgrade the trading experience for its users.

Bitfinex v15.7 released
Image via Twitter

With this release, the platform interface checks for new messages every 5 seconds, so, the interaction between Bitfinex Pulse users will be conducted with very low latency. Now, traders can enable sound notifications for incoming messages.

Also, traders can share their trading ideas by attaching screenshots of TradingView charts. The link preview feature also enhances the UI of dialogues in Bitfinex Pulse. With the v15.7 update, the cashtags (a version of tickers) for cryptocurrencies are supported by the system.

Minor bug fixes resolved the timezone management issues and errors in private messaging and chart demonstration.

Technical progress doesn't care about lawsuits

As reported earlier this week by U.Today Crypto News, the Bitfinex platform upgraded its process of USDT transactions within its mechanism. Now, all transfers with the most-demanded stablecoin will be carried out through a Plasma second-layer scalability infrastructure by the OMG Network.

Yesterday, on June 4, 2020, Bitfinex and Tether officially denounced a 'baseless' lawsuit and highlighted that their opponents are trying to damage the whole cryptocurrency community. 

The plaintiffs accused Bitfinex and Tether of market manipulation. According to Stuart Hoegner, General Counsel for Bitfinex and Tether, 

plaintiffs have dreamed up an unproven conspiracy theory involving three large cryptocurrency exchanges and a secret scheme to manipulate the cryptocurrency market. 

Mr. Hoegner also emphasized that Bitfinex and Tether will continue to 'vigorously' defend themselves as well as their customers, stakeholders and all of the crypto community.

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About the author

Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockchain.

Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)

2,500,000 Ethers Locked in Ethereum 2.0 Deposit Contract as ETH Rejected From $1,250

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Fri, 01/15/2021 - 18:02
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Vladislav Sopov
Ethereum 2.0 enthusiasts deposited whopping sum in its contract launched six weeks ago
2,500,000 Ethers Locked in Ethereum 2.0 Deposit Contract as ETH Rejected From $1,250
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While crypto markets are trying to get out of the most painful correction in this bullish cycle, the Ethereum 2.0 deposit contract accomplishes another crucial milestone.

ETH2 deposit contract surpasses $3,000,000,000 level

According to leading Ethereum network observer Etherscan, the Ethereum 2.0 deposit contract (0x00000000219ab540356cBB839Cbe05303d7705Fa) allocated more than 2.5 million Ethers. New 32-ETH stakes are transferred to it every minute.

ETH2 deposit contract breaks above $3B
Image by Etherscan

As the correction of the Ethereum (ETH) price ended, ETH is changing hands at $1,225: the $1,250 level was too difficult for bulls to conquer. Meanwhile, even at press time, it is worth almost $40,000 to join the club of Ethereum 2.0 stakers.

Therefore, the USD-denominated value of assets locked in the contract surpassed $3 billion for the first time ever and keeps surging.

It should be noted that Ethereum 2.0’s deposit contract went live on Dec. 1, 2020, heralding the start of ETH2 Pase Zero or Beacon Chain, the inaugural stage of Ethereum 2.0.

Ethereum 2.0 “entry tickets” become really expensive

At press time, more than 52,267 addresses transferred money to the deposit contract.

Ironically, Black Thursday in Crypto (March 13, 2020) was the most convenient time to join Ethereum 2.0 staking with Ether at $95. Today, Ethereum (ETH) enthusiasts should pay 13 times more to have a minimum amount of Ethers required for staking.

Ethereum 2.0 is a proof of stake (PoS) iteration of the Ethereum (ETH) protocol. It replaces mining by staking and splits the whole Ethereum (ETH) network into several interconnected sub-chains (shards).

According to Staking Rewards analytical dashboard, annualized rewards for ETH staking are estimated between 10.4 and 10.6 percent.

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About the author

Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockchain.

Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)