AuroraFS DApps Development Capabilities to Be Enhanced – Press release Bitcoin News

AuroraFS DApps Development Capabilities to Be Enhanced – Press release Bitcoin News

PRESS RELEASE. Recent news reveals that AuroraFS has progressed in its vision and direction concerning the development of the next generation of DApps which will be deployed on the decentralized P2P cloud storage and distribution network. AuroraFS announced intentions to begin building DApps which will run on the content storage and streaming network, in addition to Web3Tube.

Web3Tube is the decentralized video storage and sharing application which has been in full test mode for over a month now. Web3Tube was the first decentralized application to display the power and ability of the decentralized cloud network known as AuroraFS. Now, with the expansion into development of more DApps, the search for DApps developers is on.

What do the New Development Plans Look Like?

The development of the next generation of DApps has triggered a search for Decentralized Application Developers to bring talent to AuroraFS in order to deliver just that. In order for the AuroraFS blockchain network to begin generating future DApps that will run on and demonstrate the power and expansiveness from the peer-provided global data resource pool, it will require fresh ideas and talent, so the network set out to find both.

The ideas are not only coming from contributors and advisors to the network, but also the AuroraFS network community has been asked to weigh-in and submit ideas for the next wave of DApps to be developed. It certainly presents as a sensible move since the community would be expected to have an instrumental part in operating those DApps on the front end. The community has been asked to play an intricate role in the development of the network in this way, as AuroraFS demonstrates by action, an evidential degree of trust in the opinions and views of its community, Web3Tube video creators, network users, AuroraFS and Web3Tube contest and campaign winners and airdropped AUFS token holders.

“We were excited to get feedback from the AuroraFS community. They’re using the network actively on Web3Tube and involved in all of the contests and upgrades that have been made to the decentralized network, so it is certainly a good idea to consider their valuable feedback for the next phase of AuroraFS DApps.” – Warwick Powell, Gauss Aurora Lab Design and Research Leader

DApps on AuroraFS up Until Now

Until now, the focus has almost exclusively been on Web3Tube, the initial DApp developed to demonstrate the vast capabilities of the AuroraFS decentralized content network. It took a great deal of time, while Web3Tube was in its conceptualization stage as AuroraFS was still deep in its development phase, just beyond theory and hypothesizing. Since that time, a downloadable version of Web3Tube went live and has been available since March, when future airdrop campaigns began.

Web3Tube is comparable to a platform such as YouTube, but innovative in that it is fully decentralized. To accomplish this, Web3Tube depends on the fully decentralized, yet fully secured AuroraFS innovation which combines state of the art technologies to create data efficiency advanced enough to deliver HD quality in a fully decentralized and secured environment. To pull this off and still maintain anonymity and integrity simultaneously, has in fact been an achievement thus far for AuroraFS, which motivates the decision and drive for the development of more DApps in this season.

Final Mentions and Next Steps for AuroraFS

With development plans for the next phase of DApps certain, AuroraFS moves closer to its expected token and mainnet launch in Q3 of this year. The exact date in Q3 has not been determined, as improvements in a strive for the utmost quality, are still regularly being made to the network and the Web3Tube application alike.

The final round of the third official future airdrop contests and campaigns also recently ended, and the Gauss Aurora Labs team of AuroraFS contributors, have made multiple appearances in blockchain and tech events. Members of the team were present at Blockchain Week in Australia at the end of March, and also FinTech21 which was held in Melbourne on May 18th and 19th. So then exposure has been a focus as the Gauss Aurora Labs team looks to educate individuals about the new blockchain development still not fully released.

The latest version of the AuroraFS can be downloaded online with devices which meet necessary system requirements. This may become more priority information as broadband mining, which has been activated on a test phase up until now gets set to go live soon, with the full network launch approaching. All other AuroraFS news and information can be followed on community social channels and the Telegram interactive chat.

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Ethereum To Delayed Merge?, ETH Price Plunges Below $1,700

Ethereum To Delayed Merge?, ETH Price Plunges Below $1,700

Ethereum has broken below $1,700 since July 2021. At that time, ETH’s price was reacting to the downside due to an increase in selling pressure across the crypto market.

Related Reading | TA: Ethereum Holds Key Support, Why ETH Must Clear This Hurdle

This time, Ethereum seems to be reacting to poor macro-economic conditions, and a potential delay in its most important milestone in recent history: The Merge. The event that will complete ETH’s transition to a Proof-of-Stake (PoS) blockchain.

At the time of writing, Ethereum (ETH) trades at $1,680 with a 6% and 8% loss in the last 24-hours and 7-days, respectively. ETH is one of the worst performers in the top 10 by market cap followed by Solana (SOL), Dogecoin (DOGE), and XRP.

ETH with minor losses on the 4-hour chart. Source: ETHUSD Tradingview

The Ethereum network recently saw the successful deployment of “The Merge” on its oldest testnet, Ropsten. This was celebrated by the community with many claiming a mainnet launch could be possible by August or September this year.

“The Merge” implementation on Ropsten saw some difficulties, but ETH core developer Tim Beiko claimed they were addressed and “all fixed”.

The Difficulty Bomb is part of the mechanism that will enable Ethereum to migrate to a PoS consensus. This mechanism will progressively increase mining difficulty and prevent these actors to support a second ETH based on Proof-of-Work (PoW).

As Beiko explained, the Difficulty Bomb is already having an impact on the network:

The bomb is being felt on the network, and, in true bomb fashion, it appeared quicker than predicted Block times are ~14s and the Arrow Glacier EIP (authored by yours truly) predicted “a ~0.1 second delay to block time by June 2022 and a ~0.5 second delay by July 2022.

ETH core developers agreed on delaying this mechanism for at least 2 months. This will provide them with more time to work on the migration to a PoS consensus.

What A Difficulty Bomb Delayed Means For Ethereum

However, ETH core developers seem to disagree on what delaying the Difficulty Bomb implies for Ethereum. Ben Edgington, Lead Product Manager for Teku, an Eth2 client developed by ConsenSys, announced the following:

(…) we will push back the Ethereum difficulty bomb. We say it won’t delay the Merge. I sincerely hope not. Every extra week on PoW generates close to 1 Million tonnes of CO2 emissions.

Edgington believes developers should agree on a Merge mainnet target. In that way, clients and the ETH community can “prepare”.

In that sense, Beiko replied that the event is still expected to take place at some point from August to November this year. He believes only a “catastrophic event” could delay “The Merge” this year.

Beiko concluded the following on setting a specific date for “The Merge”:

I guess my view is that having an explicit target, at this point, basically wouldn’t change the speed of output from client teams, at least on the EL (Execution Layer). We have many implicit ones (devcon, bomb) as well as intrinsic motivation.

Related Reading | Bitcoin Spot To Derivatives Flow Forms Historical Bullish Pattern

Despite the progress on this important ETH event, the market is already soft, and any potential signs of weakness could contribute to an increase in selling pressure.

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Bitcoin, altcoins sell-off on record-high inflation, but traders still expect BTC to consolidate

Bitcoin, altcoins sell-off on record-high inflation, but traders still expect BTC to consolidate

Global financial markets once again find themselves trending lower on June 10 after the Consumer Price Index (CPI) came in at a blistering 8.6% year-over-year increase, the highest print since 1981. 

The hotter-than-expected CPI print resulted in a collapse of the $30,000 support and Bitcoin (BTC) price sold off to a daily low of $28,852 before dip buyers managed to bid the price back above $29,000.

BTC/USDT 1-day chart. Source: TradingView

Here’s what several analysts in the market are saying about the outlook for Bitcoin moving forward since there appears to be little relief on the inflation front and the Federal Reserve is still determined to raise interest rates.

Dollar strength weighs heavily on risk assets

The effect of the high CPI print on two benchmarks of financial markets, the dollar index (DXY) and the S&P 500 (SPX), was touched on by il Capo of Crypto, who posted the following charts noting that “After CPI results, #DXY continues its pump and #SPX keeps free-falling.”

DXY 4-hour chart vs. SPX 2-hour chart. Source: Twitter

Market analyst Kevin Svenson also said that the Fed’s inability to curb inflation is likely to translate to choppy price action for the next year.

There’s potential for a pullback below $28,000

Should the price of BTC continue to trend lower, crypto trader and pseudonymous Twitter user Altcoin Sherpa says trading below $28,000 is possible.

BTC/USD 4-hour chart. Source: Twitter

Altcoin Sherpa said,

“$BTC: EMAs look the best they’ve looked in a while on the 4h but the overall high time frame market structure remains bearish. Not really doing anything active rn, just observing. Seems clear that $28K> is next up if this current area gets lost.

Related: Bitcoin price falls under $29.5K after ‘unexpected’ 40-year high US inflation

BTC needs to reclaim $30K to prevent further downside

Insight into what it would take to avoid a pullback to the support at $28,000 was provided by market analyst and pseudonymous Twitter user CrediBULL Crypto, who posted the following chart showing the “unfortunate” retrace from $30,000, the area. The analyst suggested that this “was the moment where we needed to see follow through.”

BTC/USD 2-hour chart. Source: Twitter

CrediBULL Crypto said,

“On support, but it’s been tested four times now, so more likely it gives way to $28K. IF we can get back above $30K, then $28K may be avoided.”

The overall cryptocurrency market cap now stands at $1.192 trillion and Bitcoin’s dominance rate is 46.6%.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Every investment and trading move involves risk, you should conduct your own research when making a decision.

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Tether stablecoins now available on the Tezos blockchain ecosystem » CryptoNinjas

Tether stablecoins now available on the Tezos blockchain ecosystem » CryptoNinjas, the company operating the blockchain-enabled stablecoin platform, announced it will launch Tether tokens on Tezos, the upgradable proof-of-stake  (PoS) blockchain.

“We’re excited to launch USD₮ on Tezos, offering its growing and vibrant community access to the most liquid, stable, and trusted stablecoin in the digital token space. Tezos is coming fast onto the scene and we believe that this integration will be essential to its long-term growth.”
– Paolo Ardoino, CTO at Tether

Tezos is a unique network in the blockchain space, with nine upgrades, it is the only layer-1 blockchain network to successfully evolve and upgrade over time without relying on hard forks.

Upgrades have decreased gas costs and lowered carbon footprint, plus recently, upgrades even replaced Tezos’ consensus mechanism with Tenderbake, a modified BFT algorithm similar to Cosmos’ Tendermint. Continuing this track record, Tezos’ next update will add smart contracts and optimistic roll-ups.

Tezos has a growing DeFi ecosystem which includes yield farming protocol Youves, decentralized exchange and EVM bridge Plenty, and more. Upon successful integration, Tether will be the largest stablecoin by market capitalization available within the Tezos network.

As of this latest integration, USD₮ works across a variety of different blockchains, including now Tezos, plus Algorand, Avalanche, Bitcoin Cash’s Simple Ledger Protocol (SLP), Ethereum, EOS, Liquid Network, Omni, Polygon, Tron, Solana, and Statemine.

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Bitcoin Price Outlook for June — Market Conditions Show Uncertainty – Market Updates Bitcoin News

Bitcoin Price Outlook for June — Market Conditions Show Uncertainty – Market Updates Bitcoin News

Ten days into June, bitcoin continues to trade lower, with prices hovering close to a twelve-month low. Despite this, there continues to be optimism around potential rallies in price over the next few weeks. Overall, there is still a lot of uncertainty in the market, with the potential for either bullish or bearish runs in upcoming sessions.

Current Market Conditions

Heading into June, bitcoin (BTC) had seen its value fall for nine consecutive weeks, pushing prices to their lowest level since the same point last year.

This run started towards the end of March, when U.S. inflation rose to nearly 9%, with the war between Russia and Ukraine also escalating.

As a result of these fundamental factors, traders and investors alike began to move away from high-risk assets, opting to find safety in safe havens instead.

Since then crypto markets have continued to decline, with BTC/USD going from $48,257 at the beginning of April, to a low of around $28,000 in the past three weeks.

Following these drops, BTC has continued to consolidate close to this level, moving between $28,000 and $30,500 over the past few weeks.

However, with two-thirds of the month left, traders are interested to see if this trend will continue, or if a rebound in price is possible.

June Outlook

Bitcoin once again fell to its floor of $29,500 this week, as market uncertainty remained rife during the past few sessions.

Despite hitting this support point, bulls will likely be optimistic due to the historical rallies that take place at this point.

As seen from the chart below, on the last two occasions that BTC has traded at this current level in June 2021, and December 2020, there were significant surges in price.

Bitcoin Price Outlook for June — Market Conditions Show Uncertainty
BTC/USD – Weekly Chart

Should history repeat itself, then we will likely see bulls attempting to take prices above the ceiling of $32,500.

From that point onwards, the target will likely be $35,000, which was the second point of interest for the bulls who pushed prices up during those runs in December 2020, and June 2021.

Overall, June looks as though it could potentially birth some surges in BTC’s price, however, a key indicator to pay attention to will be the 14-day RSI.

As of writing, this currently sits at 33.9, which is above support at 33, and should relative strength continue to remain above this floor, then we could see $32,500 sooner than later.

What do you think about bitcoin’s monthly outlook? Let us know what you think about this subject in the comments section below.

Eliman Dambell

Eliman brings a eclectic point of view to market analysis, having worked as a brokerage director, retail trading educator, and market commentator in Crypto, Stocks and FX.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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Olá from Brazil. Tl;dr: A quick update about a key… | by Coinbase | Jun, 2022

Olá from Brazil. Tl;dr: A quick update about a key… | by Coinbase | Jun, 2022

Tl;dr: A quick update about a key priority market from the International team. As we prepare to launch in Brazil, we have hired a Country Director, are building out an engineering team, and have engaged with regulators, financial institutions, and startup founders.

By Nana Murugesan,VP Business Development and International & Fabio Plein, Country Director for Brazil

At Coinbase, our goal is to promote economic freedom, and we believe the best way to do that is to get more people using crypto. That’s why it’s so important for us to expand internationally, and to make it easier for people around the world to join the crypto community.

As I shared in Lighting Up The Map: How Coinbase Plans To Scale Globally, we have adopted a go-broad and go-deep approach to further our mission around the world. Brazil is a go-deep priority market for us, which is why we’ve hired our new Country Director, Fabio Plein, to lead our work as we prepare to launch here.

Earlier this week, Fabio and I had the privilege to speak at the Valor Capital Crypto Conference about the opportunities for crypto in Brazil, as well as the importance of smart regulation, and our commitment to the Brazilian market. Valor Capital is a cross-border (US and Brazil) venture capital firm, founded by former US Ambassador to Brazil Clifford Sobel and Scott Sobel. Clifford and Scott were early investors in Coinbase, and have been immensely helpful in sharing their connections and expertise.

We believe the potential of crypto in Brazil is enormous. Crypto networks are open, allowing everyone to transact on shared networks, no matter where they live. That’s why crypto and web3 have the potential to change the way the world does business — from improving payments, to empowering microfinance projects, to providing a hedge against inflation, and access to capital.

Brazil is well positioned to lead Latin America and beyond with its approach to crypto. We are excited to see that Brazilian Central Bank Governor Roberto Campos Neto has launched dedicated policy initiatives related to blockchain, digital assets, and other innovations shaping the future of finance. And we want to support the kind of practical, thoughtful and clear regulation that will keep people safe without stifling innovation. That’s why we will keep listening and learning from regulators and policymakers’ priorities and concerns while at the same time collaborating on building a trusted and resilient crypto ecosystem. We want to be a constructive resource to the Brazilian government as they formulate a long-term strategy for how to build the cryptoeconomy.

We are building for Brazil from Brazil. So far, we have hired more than 40 full time engineers in Brazil. We offer all of the assets on the Coinbase Exchange for purchase via credit card payment. Brazilians can also take advantage of staking and use Coinbase Wallet.

We are also investing in the local startup ecosystem. Through Coinbase Ventures, we have invested in local companies, including Hashdex, a Brazilian crypto asset management firm and Bitso, a leading crypto exchange across Mexico, Argentina, and Brazil.

Brazil has always been open to financial innovation — while also laying the groundwork for clear and tailored regulation. We see Brazil as a key market for Coinbase’s entry into Latin America, and are thrilled to continue investing and building here.

Nana & Fabio

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Will The Vasil Hard Fork Trigger A Cardano (ADA) Bull Run?

Will The Vasil Hard Fork Trigger A Cardano (ADA) Bull Run?

Cardano has been looking towards its most recent hard fork titled the Vasil Hard Fork. This will improve not only the network efficiency but is said to make the network more developer-friendly as a whole. The countdown to the hard fork has been a source of hope for many. Given that the price of Cardano’s native cryptocurrency ADA has been struggling so hard, the hope is that the launch of the hard fork will give it a nudge towards recovery.

Why Is Vasil Hard Fork Important?

For a network like Cardano which is seeing rapid growth, it becomes imperative for the network to run even better than it already does. This includes better network speed and of course, higher throughput and scalability to handle all of the activity.

With more than 1,000 projects being developed on the network, Cardano is also looking to make the network more developer-friendly. More projects are expected to jump on board given its better functioning compared to Ethereum and the network plans to accommodate all of these with ease.

Related Reading | Bitcoin Miner Revenues Stay Low As Price Decline Continues

There are still more than two weeks to go for the launch of the Vasil hard fork on the mainnet but there are already a lot of talks and hopes surrounding it. It is currently running on the Cardano testnet, improving the efficiency of smart contracts. After the June 29th launch, smart contracts on the Cardano network will be cheaper and faster in terms of their functioning.

ADA downtrend continues | Source: ADAUSD on

Vasil follows the most significant hard fork yet on the Cardano network; the Alonzo hard fork. Alonzo had brought smart contract capabilities to the network. However, Vasil will build and improve on this foundation to make it a more efficient network.

Cardano (ADA) On The Charts

The price movements of Cardano (ADA) over the last six months have been brutal. The digital asset which had peaked at $3.10 has simply lost all of its holds causing it to crash down more than 80% from this all-time high value. This has put the cryptocurrency in the hands of the sellers and they continue to drag the price down. 

ADA has, however, seen some significant recoveries which have brought it close to its 50-day moving average. But as long as it continues to trend below this line, the outlook is still bearish for ADA. It is also significantly below its year-to-date moving average and this, too, paints a bearish picture for the altcoin.

Related Reading | Bitcoin Decline Sees Funding Rates Plunge To Three-Month Lows

Nevertheless, investor outlook toward the digital asset has been turning for the better. This is mostly due to the anticipation around the Vasil hard fork. The growth of the Cardano DeFi sector has also played a big role in this improvement in positive sentiment. If this continues, ADA may see the $1 mark before the month runs out.

Featured image from Bitcoinist, chart from

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Bitcoin miners say NY ban will be ineffective and ‘isolate’ the state

Bitcoin miners say NY ban will be ineffective and ‘isolate’ the state

Two Bitcoin miners have told Cointelegraph that if the bill banning proof-of-work (PoW) mining for two years in New York becomes law, it would end up triggering an exodus of mining companies from the state and do little to address the intended goals of the moratorium.

GEM Mining CEO John Warren told Cointelegraph on Wednesday that he and other miners now view New York as an unfriendly place where they likely would not want to open up shop:

“Miners won’t consider going there after the ban became part of the discussion.”

Environmental sustainability has been at the heart of the New York state government’s argument against proof-of-work mining. The controversial mining ban bill would prohibit any new mining operations in the state for the next two years. It would also refuse the renewal of licenses to those who are already operating in the state unless it uses 100% renewable energy. 

GEM Mining recently commented that the bill will not only miss its intended target but also discourage new, renewable-based miners from doing business in the state. Warren told Cointelegraph that his operation is already 97% carbon neutral.

GEM Mining is a South Carolina-based Bitcoin (BTC) mining operation that contributes 1.92 Exahash per second (EH/s) of hashing power to the Bitcoin network as of May. 

Similarly, the CEO of Sweden-based White Rock Management digital asset miner Andy Long also feels that Bitcoin mining is “moving in the right direction toward fossil-free energy use,” as he stated in emailed comments to Cointelegraph.

The company boasts 100% dependence on hydroelectric power for its 712 Petahash per second (PH/s) hashing power contribution.

Long echoed the idea that the PoW mining freeze “would not have the intended effect and sends the wrong message:”

“We want to see more states and local governments encourage investment rather than stifle growth with prescriptive regulations that would likely be the thin end of the wedge.”

Roughly 10% of the United State’s hashing power comes from New York, according to the Cambridge Bitcoin Electricity Consumption Index (CBECI). This makes it the fourth-biggest producer in the country. As of April, miners indicated in a survey with the Bitcoin Mining Council that about 58% of the energy used for mining is from sustainable sources.

How New York goes, California goes

The bill, should it come into effect, could see an outflow of mining firms from New York into other states just as miners exited China in a rush following its mining ban last year.

However, Warren believes the contributions from other states will continue to grow whether the moratorium comes into effect or not, adding that it would probably not cause a domino effect of other bans, except that “how New York goes, Cali goes.”

He added that even if Governor Hochul signs the moratorium into law, “New York’s hashing power would drop anyway as Kentucky, North Carolina, Texas and other states add new incentives for miners:”

“What you’re seeing throughout the country is a bipartisan support of mining and the jobs that they provide. They add stability to the power grid as well.”

Squaring up to the competition

New York is already losing its competition with states such as Kentucky and Georgia for miners. Georgia is the United State’s top state for hashing power. Fortune reported in February that miners may be flocking there for the below-average cost of electricity and the opportunity to offset their emissions with renewable credits. Georgia produces 35.6% of its electricity from nuclear and renewable sources.

Kentucky’s Governor Andy Beshear signed into law last March a tax incentive for Bitcoin miners who set up shop and help support the state’s fledgling renewable energy infrastructure. Kentucky has surpassed New York’s hashing power for third place in the union but produces only 6.6% of its electricity from renewable sources.

Related: IMF recommends eco-friendly CBDCs and non-PoW mechanisms for payments

The controversial mining bill is currently sitting on the desk of New York Governor Kathy Hochul, who has yet to publicly commit to signing the bill. Instead, she noted that her team will be looking “very closely” at the proposal over the next few months.

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Keon selects Algorand as L1 solution for regulated DeFi asset management ecosystem » CryptoNinjas

Keon selects Algorand as L1 solution for regulated DeFi asset management ecosystem » CryptoNinjas

The directors of the Keon Foundation, which will serve as the virtual asset service provider (VASP) for the Keon Finance Ecosystem (Keon), announced today it will go with Algorand as its layer-1 blockchain.

Keon’s initial focus will be on the development of KeonX, a permissioned, decentralized exchange created to be one of the lowest cost DEXs available, as well as the introduction of KeonFi. In this marketplace, investors can explore and subscribe to investment strategies and maintain custody of their assets.

A derivatives DEX (KeonXD), IDO LaunchPad, Farm Auctions, and the Keon NFT marketplace are among the ‘Phase 2’ products that will form a broader Keon Finance Ecosystem, all leveraging Algorand. Moreover, the Keon Foundation plans to apply for a digital assets business license in Bermuda once the protocol is built, which will allow users to access regulated products and services.

Kunall Parmar, CTO of the Keon Foundation

“We evaluated a number of other chains, but none of them compared to Algorand. Given the complexity of the Keon Ecosystem and our ambitious plans for growth, we found them to offer the best technology. Algorand’s ASA token standard and its programming infrastructure are more robust and offer increased features, flexibility, and security over other level-1 blockchains, which is a significant advantage in the regulated space. Additionally, Algorand has had 0% downtime. That level of dependability is essential if we want institutions to participate.”
– Kunall Parmar, Chief Technology Officer of the Keon Foundation

The Keon Foundation expects completion of the KEON token and smart contracts by early Q3 2022.

“We’re excited to welcome the Keon Foundation to the ever-growing Algorand ecosystem,” said Keli Callaghan, head of marketing at Algorand. “It’s great to see yet another organization leveraging best-in-class technology to accelerate tokenized asset management at the institutional level.”

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Launching margin trading for eight stablecoin pairs

Launching margin trading for eight stablecoin pairs

We’re thrilled to announce that Kraken now supports new margin pairs for Tether (USDT), USD Coin (USDC) and Dai (DAI)!


Margin trading is now available for:

Pair base Pair name Available leverage Long position limit  Short position limit 
USDT USDT/GBP 4 200,000 USDT 200,000 USDT
USDT/CHF 4 100,000 USDT 100,000 USDT
USDT/CAD 4 150,000 USDT 150,000 USDT
USDT/AUD 4 30,000 USDT 30,000 USDT
USDT/JPY 3 30,000 USDT 30,000 USDT
USDC USDC/GBP 3 150,000 USDC 150,000 USDC
USDC/AUD 3 20,000 USDC 20,000 USDC
DAI DAI/USDT 3 110,000 DAI 110,000 DAI

Here’s what you need to know about the assets:

Tether (USDT) – Tether is a collateralized stablecoin cryptocurrency that’s pegged to the U.S. dollar and backed by Tether’s assets and reserves. It was designed to facilitate the conversion of cash to digital currency.

USD Coin (USDC) – USD Coin is a  U.S. dollar-backed stablecoin cryptocurrency that’s pegged to the U.S. dollar. USDC was designed to enable faster and more cost effective transactions relative to traditional banks. USDC is an ERC-20 token built on the Ethereum platform and acts as a stable store of value.

Dai (DAI) – Dai is a collateral-backed stablecoin cryptocurrency that’s backed by collateralized debt in order to maintain a stable 1:1 value with the U.S. dollar. Dai was created to provide a non-volatile lending asset for individuals and businesses alike.

Keep an eye on our status page for updates. Check out all of Kraken’s supported margin pairs here.


Will Kraken offer more pairs on margin? 

Yes! But our policy is to never reveal any details before launch – not even which pairs we are considering. All of Kraken’s listed margin pairs are available on our website. Our client engagement specialists cannot answer any questions about which pairs we may be listing in the future. 

Trade with caution

There is no guarantee that a limit order will execute. There is no guarantee of margin pool availability at all times. There is also no guarantee of a market order executing at a certain price. The availability and liquidity of the particular digital asset will impact these types of orders.

Offering margin trading on an asset or token is not a recommendation to buy, sell or participate in the associated network. Do your own research and invest at your own risk.

These materials are for general information purposes only and are not investment advice or a recommendation or solicitation to buy, sell, or hold any digital asset or to engage in any specific trading strategy. Some crypto products and markets are unregulated, and you may not be protected by government compensation and/or regulatory protection schemes. The unpredictable nature of the cryptoasset markets can lead to loss of funds. Tax may be payable on any return and/or on any increase in the value of your crypto assets and you should seek independent advice on your taxation position.

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