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

News
Fri, 06/05/2020 - 14:05
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
Cover image via stock.adobe.com
Contents

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.

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.)

Ethereum (ETH) Market Cap May Become Equal to Bitcoin's (BTC): ConsenSys Director

News
Mon, 07/13/2020 - 14:38
Vladislav Sopov
John Lilic, managing director at ConsenSys decentralized development studio, has shared an over-bullish prediction for Ethereum (ETH) progress
Ethereum (ETH) Market Cap May Become Equal to Bitcoin's (BTC): ConsenSys Director
Cover image via stock.adobe.com
Contents

John Lilic leads international business development in the ConsenSys leading blockchain development studio. He is also an expert in energy markets and cryptocurrency segments. He tracked the progress of Bitcoin's (BTC) and Ethereum's (ETH) market capitalization statistics, coming up with an extravagant prediction.

Bitcoin (BTC) should get ready for parity

Mr. Lilic outlined that Ethereum (ETH) is showcasing much healthier dynamics than its competitor is. For instance, the flagship cryptocurrency still surpasses Ethereum (ETH) by 6.3x in terms of market capitalization, while simultaneously collecting 20% fewer fees than Ethereum (ETH).

John Lilic of ConSensys foresees parity of Bitcoin (BTC) and Ethereum (ETH) market capitalizations
Image via Twitter

Also, Ethereum (ETH) is demonstrating much more impressive price dynamics this year. It gained almost 37% against Bitcoin (BTC) in 2020. That said, Ethereum (ETH) looks severely undervalued to the top manager of ConsenSys.

However, Ether is on the path to eliminating this discrepancy. Eventually, the top two cryptocurrencies may reach market capitalization parity, concludes Mr. Lilic.

Related Bitcoin (BTC) and Ethereum Have (ETH) Recovered From Black Thursday, Who Else? Coinmetrics Explains
Related
Bitcoin (BTC) and Ethereum Have (ETH) Recovered From Black Thursday, Who Else? Coinmetrics Explains

As covered by U.Today Crypto News recently, Coinmetrics on-chain research team called Bitcoin (BTC) and Ethereum (ETH) the unique crypto behemoths that have managed to recover from Black Thursday.

Bitcoin (BTC) is losing supremacy in "fee race"

Should Ethereum (ETH) overcome its undervaluation, its price may be over $1,550 based on liquid supply and current Bitcoin (BTC) market capitalization.

Recently, it was unveiled that Ethereum (ETH) blockchain continues to surpass Bitcoin (BTC) in terms of network fees for more than 30 days in a row. Ethereum (ETH) is seeing this advantage for the first time in its history.

As U.Today Crypto News reported previously, ex-Messari analyst and angel investor Qiao Wang identifies two main catalysts of Ethereum's (ETH) price run in the mid-term perspective.

Related Ethereum (ETH) Price Two Bullish Signals, According to Investor Qiao Wang
Related
Ethereum (ETH) Price Two Bullish Signals, According to Investor Qiao Wang

According to Wang, the upcoming rally may be fueled by a long-awaited transition to Proof of Stake and fixing the monetary policy of Ether token.

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.)