With prominent cryptocurrencies like
Bitcoin (BTC) and
Ethereum (ETH) trading at record high levels, retail investors have been looking at minor cryptocurrencies for gains. Since the year began, DOGE has returned over 4,842.81%. Yet, it s not the only low-priced cryptocurrency seeing interest this year.
BitTorrent (BTT)
: The token associated with the popular peer-to-peer file transfer network has returned 2,600.91% since the year began. BTT traded 1.6% lower at $0.078 at press time and has fallen 19.01% on a seven-day trailing basis. BitTorrent Inc issued a warning this month to followers on social media not to fall victim to a rumor regarding an upcoming BTT token burn on June 25. The token rumors had fueled a rise in the value of the cryptocurrency last month.
This Startup Is Building a Chip to Save Traders Vital Microseconds South Korea-based Rebellions aims to build a chip that runs AI more efficiently to speed up high-frequency trades.
Bloomberg | Apr 14, 2021
Hooyeon Kim and Whanwoong Choi (Bloomberg) In the unfathomably fast realm of high-frequency trading, a South Korean startup’s plan to build a microchip that speeds markets up by a few microseconds is bound to get some attention.
The company, Rebellions Inc., was set up six months ago in Seoul by Park Sunghyun, who used to work as a quant developer at Morgan Stanley in New York, with two partners. The chip they’re developing aims to run artificial intelligence more efficiently, which could cut precious millionths of a second off the reaction times of automatic-trading machines.
Jump Trading Invests Unknown Sum into Fan Token Issuer Chiliz
Jump Trading Invests Unknown Sum into Fan Token Issuer Chiliz
The trading giant will help the blockchain startup in its global expansion.
Arnab Shome
2021-04-07T12:04:27+00:00
2021-04-07T12:42:06+00:00 Photo: FM
Jump Trading, a company known for high-speed trading and market-making services, has made an undisclosed equity investment into the blockchain-based fan token issuer, Chiliz.
Announced on Wednesday, the two companies inked a partnership deal to help Chiliz scale its business and expand the fan token ecosystem globally.
“Securing backing from a global trading firm of this stature is a great achievement, providing a massive platform upon which we can continue our mission to build Fan Tokens into a multi-billion dollar digital asset class for sports and entertainment,” Chiliz CEO, Alexandre Dreyfus said in a statement.
2 Min Read
LONDON (Reuters) - Proprietary trading firm Jump Trading has made an equity investment in Chiliz, the blockchain company that issues tokens associated with various sports teams, the companies told Reuters on Tuesday.
FILE PHOTO: Soccer Football - Serie A - AS Roma v AC Milan - Stadio Olimpico, Rome, Italy - February 28, 2021 AC Milan s players huddle before the match REUTERS/Alberto Lingria/File Photo
The investment amount was not disclosed.
Malta-based Chiliz is known for powering a platform called Socios.com which offers tokens to soccer fans, enabling them to participate in polls hosted by the clubs, or receive rewards and promotions. Some of the tokens are listed on cryptocurrency exchange Binance and some Korean exchanges.
Jump Trading backs fan tokens startup Chiliz reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.