Eosfinex Exchange to be Launched

It is state that eosfinex is the first scalable exchange ecosystem based entirely on the EOS protocol
31 July 2019   569

The developers of the eosfinex cryptocurrency exchange this Tuesday reported on the full launch of their platform.

Eosfinex is Bitfinex's sister platform and is based on the EOS protocol. This structure allows for a decentralized exchange of cryptocurrencies, since the placement of applications, their comparison and storage of user assets in this case is carried out using blockchain resources, and not by the company itself.

Eosfinex is declared as the first scalable exchange ecosystem based entirely on the EOS protocol.

According to the developers, the site provides a decentralized exchange of cryptocurrencies - the placement of applications and storage of user assets is carried out through the blockchain, and not by the company itself.

eosfinex Exchange
Eosfinex Exchange

There are four trading pairs on the platform: RAM / USDT, EOX / USDT, EMT / USDT and EOS / USDT. The exchange supports several types of orders and allows you to connect using accounts in the EOS blockchain directly or through a Scatter wallet.

The beta version of EOSfinex was presented on March 28. Initially, the launch of trading was planned for July 25, but was postponed due to the “need for further improvements” of the site.

ETH May Become Security After POS Migration,- CFTC

At the moment, according to the head of CFTC, Ethereum is more likely an exchange commodity rather than a security, but it may change 
14 November 2019   84

The head of the Commission for derivatives trading (CFTC) Heath Tarbert expressed the opinion that cryptocurrencies involved in the cryptocurrency using the Proof-of-Stake algorithm can be considered as securities. It is reported by Decrypt.

Earlier, the head of the CFTC said that in its current form, Ethereum is more likely an exchange commodity rather than a security. However, I am sure Tarbert, over time, the status of an asset may change. For example, a security can become a commodity and vice versa.

We are thinking carefully about it.
 

Heath Tarbert

Chairman, U.S. Commodity Futures Trading Commission

The popular Proof-of-Stake (PoS) algorithm involves the use of “stake” as a resource that determines which particular node receives the right to mine the next block. Higher chances to generate the next block are received by the node with greater balance.

Recently, staking services that promise customers a return on investment in PoS assets have become popular. According to some experts, these services could potentially violate the provisions of the Howie test, such as having a joint venture, as well as an investment contract involving two parties.

At the same time, Tarbert spoke out against an aggressive approach to regulating cryptocurrencies, which could suppress innovation and hinder the strengthening of the US position in the innovation sphere.

Clarity and consistency is the first step to leadership.
 

Heath Tarbert

Chairman, U.S. Commodity Futures Trading Commission

Earlier, Heath Tarbert expressed the view that regulated futures based on Ethereum will soon appear on the market.