One of the Hong-Kong based cryptocurrency exchange Bitfinex has currently stated that they have started margin trading for the most famous stablecoin, Tether (USDT.) The interchange point now obtainable are USDT/USD. The choice has been taken to seemingly to give users the best price discovery place and allow them to privet the contact taken on stablecoins.
The blog post for the announcement by the exchange says:
“At Bitfinex we work tirelessly to ensure our platform reflects the needs of professional traders, offering market differentiating order types for unique trading strategies. Today, adding margin trading on USDT/USD pair will not only allow for more efficient price discovery but in an important move for risk management, unlock the ability to hedge the exposure taken on stablecoins. Along with a dedicated lending market, USDT will be available as collateral for margin positions.”
Silvio Schembri is one of the Junior Ministers for Monetary services, Digital economy, and Invention. It announced the opening of the managerial initiative “Malta.ai,” It is stating that Malta is pointing to become a top most AI nation. He stated that the government would improve an approachable regulatory environment for AI much in the similar method as it has done for the blockchain technology. If a comprehensive controlling framework in the blockchain and cryptocurrency space, then three DLT laws will go into effect formally. This means that the recognized Malta Digital Innovation Authority (MDIA) and also the Malta Financial Services Authority (MFSA) will start getting the requests from the interested blockchain in operating in Malta.The Maltese government is gradually building a global market for cryptocurrencies as it continues to assert itself as the world’s blockchain island with crypto-friendly regulations. Thanks to such accommodating legislation, cryptocurrency companies like Binance and OKEx have flocked to the country to build out their services. The Maltese government has announced that the creation of a team to improve a countrywide Artificial Intelligence (AI) strategy. It is as per the reports from the summit of Malta Blockchain.
Helping to further build these services, the Malta Stock Exchange (MSE) just announced the launch of its MSX PLC, an investment vehicle that will partner with leading crypto exchanges to create joint ventures in the country. For MSX PLC’s flagship partnership, MSE signed a Memorandum of Understanding (MoU) with digital asset exchange OKEx.
Malta.ai will work together with the SingularityNET. It is a regionalized market for all AI services, in a pilot project which is to travel a nationality test for robots. It is in the procedure of enlisting a new regulation for Artificial Intelligence (AI). Also, SingularityNET is collaborating with famous automaton Sophia which is created by the Hong Kong-based Hanson Robotics. It has presented its own AGI token, with an entire market capitalization reaching nearly $33 million. It is according to the CoinMarketCap.
Besides the above news recently Bitfinex has come as a main subject of a investigation by the United States Department of Justice (DoJ) related to the suspected cryptoc market management.