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Bitstamp has taken a different path to ensure it remains relevant in the cryptocurrency marketplace. The European cryptocurrency exchange operator has inked a partnership deal with Cinnober in its endeavor to enhance its in-house developed matching engine. The technology solutions provider for the finance industry will bring on board its TRADExpress Trading System. The adoption of customized software by Bitstamp is a big milestone according to its CEO Nejc Kodriฤ. He says, โOur matching engine will be on par with traditional exchanges in both speed and throughput, once again placing…
Bancor (BNT) has announced that its BancorX network โ supporting instant conversion of 110+ ERC20 and EOS-based tokens โ has gone live. A section of the announcement published on the companyโs blog read, โAs BancorX goes live and the first BNTs flow from ETH to EOS and back again, Bancor will aim to remove friction, unify the user experience and ensure the systemโs continued decentralization and utility.โ Bancor X mechanism The platform eliminates the hassle of having to use a third party exchange platform that would rely on traditional order-matching…
Key Highlights ETH price failed to recover and it recently declined below the $214 support against the US Dollar. There is a key declining channel in place with resistance at $212 on the hourly chart of ETH/USD (data feed via Kraken). The pair is currently under pressure and it could decline towards the $206 support area. Ethereum price declined further against the US Dollar and bitcoin. ETH/USD is slowly declining towards a significant support area near $206. Ethereum Price Analysis During the past few sessions, there was a slow and…