Gate.io to Begin BTT Perpetual Contract Trading

The maximum deposit amount for this contract is limited to 1 BTC, but it can be increased
07 February 2019   1214

Cryptocurrency exchange Gate.io added perpetual contracts for BitTorrent tokens (BTT) with the possibility of leverage up to 100x. This is reported on the website of the trading platform.

The contract is available in pair with the US dollar (BTT / USD). The maximum deposit amount for this contract is limited to 1 BTC by default, however, it can be increased over time depending on the market conditions and the rating of one or another investor.

Perpetual contracts are similar to futures. They also allow you to open positions for a fall using leverage, however, unlike futures, they have no expiration date.

Note that the BitTorrent project performed a successful IEO on the basis of the Binance Launchpad platform - in just 18 minutes $ 7.2 million was collected. It was enshadowed with some technical issues.

Lightning Labs to Raise $10M

As reported, the raised funds will be allocated to enforce the team with developers and commercial speciaslists
06 February 2020   255

Lightning Labs attracted $ 10 million investment during the A-series financing round, and also introduced a beta version of its payment service for outlets that work with bitcoin.

If bitcoin is going to reach its potential as a viable global currency, it’s going to need to scale beyond the base layer. Similar to how Visa relieves banks from handling all fiat currency traffic, Lightning relieves the base bitcoin chain from handing all transactions, thus bring more speed and fee efficiency to the network.

 

Brian Murray

Managing Director at Craft Ventures

With the help of the raised funds, the company intends to hire more developers and commercial specialists, so that it will be able to convey the applied solutions to users. In 2018, Lightning Labs unveiled a beta version of its LND scaling solution and received $ 2.5 million investment from several investors, including Twitter CEO Jack Dorsey and Litecoin creator Charlie Lee.

Now a beta version of the new Lightning Loop service has been launched, with the help of which outlets can more effectively manage payment channels and maintain liquidity in them. Several customers have already become interested in this tool, including the developer of the Fold shopping application, which processed approximately 1,600 transactions through the Lightning Network during the holidays in 2019.

We’re growing fast and Lightning Labs’ loop service makes it simple to manage our lightning node’s liquidity, letting our team focus on building out great user experiences that bring lightning to the world.

 

Will Reeves

Fold

According to Lightning Labs, this year the company will be developing tools for working with larger payment channels. We are talking about both individual channels, which individually can hold more than $ 1,500, and multidirectional ones, which break down payments into smaller parts.