Robinhood Introduces Crypto Trading API

May 31, 2024 Bitcoin.com

Binance rolls out self-trade prevention for spot and margin trading

October 11, 2023 Coin Telegraph

API

Introduced in January 2023, Binance’s STP functionality is designed to block the execution of an order if it would result in a self-trade.

Cryptocurrency exchange Binance is scaling its tools aiming to prevent unnecessary trading fees associated with unintentional self-trades.

Binance will fully roll out the self-transaction prevention (STP) function for all users of spot and margin trading on Oct. 26, the firm announced on its blog on Oct. 11.

Following the integration, the “expire maker” STP mode will be the default mode for all trading pairs and orders on Binance’s spot and margin trading platforms.

Once the STP feature is live, users will be able to check what orders have expired due to the STP function on the Binance official website, Binance App and Binance Desktop App through the transaction history page, the announcement notes.

Introduced in January 2023, Binance’s STP functionality is designed to block the execution of an order if it would result in a self-trade. The function targets application programming interface (API) traders, who set up specific programs to execute trades automatically with an exchange's trading engine.

Self-trading occurs when an API user or a group of related users trade with themselves, intentionally or unintentionally. The STP enables API traders to avoid accidental self-trading transactions, helping users prevent unnecessary fees associated with such transactions.

“Without STP, unintentional self-trading could happen in a competitive marketplace. For example, when orders from separate trading units of the same firm, using the same unique UID, with unrelated trading strategies, happen to post orders that trade with each other,” Binance said.

While unintentional self-trading transactions are handled through the STP, intentional self-trades are prohibited on the exchange. “When self-trading is done intentionally to create an illusion of trading activity, it can be considered a form of market manipulation,” Binance wrote, adding:

“Our market surveillance team actively monitors market activity to identify intentional self-trading and any other forms of market manipulation. Binance has extensive tools to track intentional self-trading and investigate offenders.”

As previously mentioned, Binance integrated the STP feature for USD-margined futures on API in August 2023. “The STP function is optional and only takes effect when users enable it,” Binance noted.

Magazine: Web3 Gamer: Minecraft bans Bitcoin P2E, iPhone 15 & crypto gaming, For

3Commas on ‘heightened alert’ after several user accounts hacked

October 10, 2023 Coin Telegraph

2FA

The firm has implemented additional security measures following an investigation that found “only a few” 3Commas user accounts were compromised.

Crypto trading bot provider 3Commas is on “heightened alert” after some of its user’s accounts were compromised and used to place trades.

An Oct. 8 blog post from 3Commas co-founder and CEO Yuriy Sorokin said it received reports from users concerning unauthorized trades on their accounts after resetting their passwords.

An investigation found “only a few customer accounts” were compromised and unauthorized trades made. 3Commas did not disclose the number of users affected.

Notice of Incident. We've identified a security incident that has come to our attention concerning the security of 3Commas accounts. Learn more and stay secure:
Read our Blog Post: https://t.co/sJmfzOJE49 pic.twitter.com/MRJ40D29pj
— 3Commas (@3commas_io) October 8, 2023

“We will continue with our investigation into this matter,” Sorokin wrote. “Please note, however, that in the meantime, our services are running normally, and we will continue to operate in a state of heightened alert.”

The accounts with unauthorized trades mostly had not enabled two-factor authentication (2FA), according to 3Commas. It said the data accessed did not include user API data or passwords.

As additional security measures, the firm said it implemented a new approach to resetting passwords and disabled API connections after a user resets their password. It recommended that users enable two-factor authentication and regularly change their password.

In December 2022, the firm disclosed an incident from that October where user API keys had been leaked, leading to unauthorized trades on victim accounts.

Sorokin and 3Commas initially denied a breach had taken place and instead suggested its customers had been phished. It later relented and Sorokin admitted there had been an API leak from 3Commas.

3Commas users affected by the API leak called for refunds and an apology for being gaslighted.

“We regret that such an incident has taken place,” said Sorokin on the latest incident. He added that 3Commas is improving its security to prevent or limit similar future incidents.

3Commas did not immediately respond to Cointelegraph’s request for comment.

Magazine: How to protect your crypto in a volatile market — Bitcoin OGs and experts weigh in

Reddit crypto community goes offline — Here’s why

June 12, 2023 Coin Telegraph

API

Reddit communities unanimously decided to go private or in read-only modes from June 12 to 14, protesting against an upcoming change that would prevent users from freely accessing APIs and tools.

Numerous sub-communities on Reddit, including popular crypto subreddits, unanimously decided to go private for 48 hours to protest against new company policies that prevent the use of third-party applications.

In April, Reddit announced plans to modify how users interact with the Reddit Data application programming interface (API) — a seven-year-old application enabling developers to create tools and utilities for moderation and other activities.

Most subreddits reacted to the move, as Reddit’s intention to build native moderator tools directly impacts the community’s ability to create and use third-party tools predominantly used for moderating content and interactions. As a result, communities decided to go private or in read-only modes between June 12 and 14, protesting the upcoming change.

*Subreddit r/Bitcoin went private. Source: Reddit*

The list includes major crypto communities, which have been instrumental for millions of investors worldwide to discuss various aspects of the ecosystem.

*Subreddit r/CryptoCurrency participated in the Reddit blackout. Source: Reddit*

Some popular subreddits dedicated to discussing Bitcoin (BTC) and cryptocurrencies protesting against the change include r/Bitcoin, r/CryptoCurrency and r/cardano. Reddit has also received backlash for introducing paid access to its data API.

*A screenshot showing the upcoming changes shared by Reddit. Source: Reddit*

While nearly 3,500 subreddits were estimated to become inaccessible, the numbers could increase if other communities join the revolt. On the other hand, Reddit CEO Steve Huffman backed the social media platform’s decision by revealing the need for being “a self-sustaining business.” He said:

“We respect when you and your communities take action to highlight the things you need, including, at times, going private.”

Moreover, to eradicate the extensive use of third-party moderator tools, Reddit plans to launch mobile moderator tools for Reddit’s iOS and Android apps in the coming months.

Contrary to the ongoing community retaliation, Reddit is close to achieving a new milestone in terms of collectible avatar holders on the platform.

Reddit managed to amass 10 million holders of its collectible avatars within a year of launching Reddit NFTs.

*Reddit’s collectible avatar banner. Source: Reddit*

Reddit’s collectible avatar marketplace was launched on the Ethereum layer-2 scaling network Polygon in July 2022, which allows independent artists and Redditors to design customizable nonfungible token collections.

Magazine: Tornado Cash 2.0: The race to build safe and legal coin mixers

Cumberland Labs unveils SaaS API for public blockchains and DeFi protocols

June 7, 2023 Coin Telegraph

API

When Cumberland Labs looked for a gateway between blockchains and DeFi protocols, it came up with its own universal API service.

Cumberland Labs, the incubator arm of Chicago-based crypto trading company Cumberland has launched the beta version of a new API tool that could simplify the arduous task of connecting to blockchain and decentralized finance protocols.

Cumberland Labs told Cointelegraph that the Cumberland, the trading unit of DRW Holdings LCC used to invest considerable time connecting to various protocols manually, and one at a time.

The firm couldn't find a tool to simplify these tasks and ultimately created its own API service, expand.network using its own developers and engineers from its incubator arm. The tool has been in testing since November and is available to the public in beta.

An API stands for application programming interface and is used when one type of programming needs to communicate with another.

Screenshot of interface of expand.network's beta version. Source: expand.network

"We were exploring DeFi trading and sought a tool similar to the ccxt library used for centralized exchanges, which could connect to any DeFi protocol or blockchain. To our surprise, no such tool existed," Tama Churchouse, chief operating officer at Cumberland Labs told Cointelegraph.

The newly released solution seeks to offer both read and write connectivity to major public blockchains and DeFi protocols, helping developers to interact across multiple protocol APIs and software development kits (SDKs).

The Web3 startup seeks to solve an aging crypto issue: inefficiency in cross-chain communication. However, it is far from solving the same problems as cross-chain solutions. According to its CEO Demetrios Skalkotos, while both "may seem similar on the surface", they serve different purposes.

"Cross-chain solutions primarily facilitate the transfer of messages and tokens between various chains. In contrast, expand.network provides connectivity to chains and protocols, offering a more comprehensive and versatile solution for navigating the DeFi landscape," he explained.

The low-code tool will support Ethereum Virtual Machine (EVM)-compatible chains including Ethereum, Binance Smart Chain, Avalanche, Polygon, Cronos, Arbitrum and Optimism as well as non EVM-compatible chains like Solana, Tron, NEAR and Algorand. Upcoming support will be available for Aptos, Sui, Lido, LayerZero and StarkNet.

The platform was conceived and built by Cumberland Labs, which provided funding, resources, and consulting. If market conditions permit, the startup may seek funding later this year.

"When it comes to seeking funding, our strategy is to target crypto seed and series A technology infrastructure investors, as well as potential strategic investors," noted Skalkotos.

As the crypto space evolves, more capital is flowing into developer-oriented and interoperability solutions. In April, cross-chain messaging protocol developer LayerZero Labs raised $120 million to expand its reach into the Asia-Pacific region. It had previously raised $135 million in March 2022.

Magazine: Here’s how Ethereum’s ZK-rollups can become interoperable

Report: Hackers Breach AT&T Email Accounts, Steal Victims’ Crypto Funds

April 28, 2023 Bitcoin.com

Elon Musk threatens Microsoft with suit, claims AI trained on Twitter data

April 20, 2023 Coin Telegraph

Academia

The Twitter chief alleged Microsoft scraped information from the platform to train its AI and sell the data to others.

Microsoft has been threatened with a suit from Tesla and Twitter chief Elon Musk who claimed the Big Tech firm “illegally” trained its artificial intelligence (AI) on Twitter data.

On April 19, Musk tweeted that it was “lawsuit time” in response to a post reporting that Microsoft would cease supporting Twitter on April 25 across its online social advertising tools, Smart Campaigns and Multi-platform.

They trained illegally using Twitter data. Lawsuit time.
— Elon Musk (@elonmusk) April 19, 2023

The Twitter boss alleged Microsoft “trained illegally using Twitter data” implying the firm mined user tweets to help train its AI-powered applications.

Microsoft didn’t explain why it was winding down Twitter support although Twitter’s API fees skyrocketed from $0 to $42,000 a month and in some cases are priced upwards of $200,000 per month according to a March report from Wired.

Musk made further allegations that Microsoft is “demonetizing” Twitter data by removing advertisements and “then selling our data to others.”

I’m open to ideas, but ripping off the Twitter database, demonetizing it (removing ads) and then selling our data to others isn’t a winning solution
— Elon Musk (@elonmusk) April 19, 2023

Microsoft’s decision to ditch Twitter means its customers will lose access to their Twitter accounts through its tools in addition to being able to create, manage, view and schedule Tweets.

*Microsoft has scrapped Twitter advertisements from its Multi-platform. Source: Microsoft*

Facebook, Instagram and LinkedIn remain available to Microsoft customers, its website states.

Microsoft’s decision comes a few months after Twitter stopped providing free access to the Twitter API for versions 1.1 and 2.

Starting February 9, we will no longer support free access to the Twitter API, both v2 and v1.1. A paid basic tier will be available instead
— Twitter Dev (@TwitterDev) February 2, 2023

Academics have been hit hard by the huge price swing. Over 17,500 academic papers have been based on Twitter data since 2020. Now they’ve been largely priced out.

“I don’t know if there’s an academic on the planet who could afford $42,000 a month for Twitter,” says @jhblackb, which was not a unique sentiment https://t.co/RfGyWqpIgF
— Chris Stokel-Walker ~ @stokel@infosec.exchange (@stokel) March 10, 2023

Cointelegraph contacted Microsoft, who declined to comment on Musk’s claims and its decision to scrap Twitter ads support.

The software company is now reportedly developing its own AI chips to power ChatGPT to deal with the rising development costs for in-house and OpenAI projects.

Microsoft is the second largest company in the world by market cap behind Apple, with a $2.15 trillion valuation according to Google Finance.

Magazine: NFT Creator, Emily Xie: Creating ‘organic’ generative art from robotic algorithms

GPT-4 apps BabyAGI and AutoGPT could have disruptive implications for crypto

April 11, 2023 Coin Telegraph

Crypto users are getting excited over the prospect of automating their trades with future-facing technologies built with the GPT-4 API.

A recent spate of applications built on OpenAI’s GPT-4 API has the crypto community buzzing with designs toward the development of a fully-autonomous, self-correcting cryptocurrency trading bot.

AutoGPT set to 100 runs. Goal: amalgamate best indicators for Crypto trading in Pine code. Result looping errors. Scavenged through output, found enough bits for GPT4 to give me strategy Pine code. 4hr backtested 2018 to now. $25 to $92M. Started test today, currently $1 profit
— Under_the_Valley (@ValleyUnder) April 11, 2023

Two such apps, dubbed ‘BabyAGI’ and ‘AutoGPT’, have received particular notice with many users attempting to build crypto trading applications on top of them.

The big idea behind both apps involves task management for GPT-4. Currently, GPT-4 excels at natural language processing, as is evidenced by the demonstrable usefulness of the ChatGPT interface, but it has no capacity for memorization.

Applications built on the GPT API are basically limited to single-session use, meaning the model can’t recall information from previous interactions. This has to do with the amount of data (referred to as the number of ‘tokens’) individual queries require, and GPT’s tendency to hallucinate — a problem that becomes increasingly noticeable as token counts rise.

Users are, essentially, starting with a clean slate whenever they query the machine. In terms of building a crypto trading application capable of self-correction and historiographic analysis — adjusting to real-time market conditions while simultaneously keeping short and long-term trends in focus — this means even the most robust bot built on the GPT API would typically require heavy human supervision.

Some clever developers may have discerned a potential method for circumventing these limitations by building applications that take advantage of GPT’s ability to generate code and connect to external sources.

We’ve seen our fair share of trading bots, but the goal of these particular apps goes beyond simply automating crypto news aggregation or teaching a machine learning agent how to recognize the dip.

AutoGPT, for example, uses GPT-4 to generate code and then exploits GPT-3.5 as what appears to be a virtual artificial memory space wherein information is combined and shuttled between the two.

Another effort, BabyAGI, combines GPT-4 with LangChain, a coding framework, and Pinecone, a vector database, to spawn new agents in order to complete complex tasks without losing focus on the original objective.

Both apps could have the potential to serve as the backbone for a multi-agent, fire-and-forget AI application capable of managing a crypto portfolio from top to bottom based on little more than plain language prompting.

While it appears neither app was specifically designed with the cryptocurrency market in mind, we’ve spotted several efforts across social media and on GitHub to adapt one or both for autonomous trading.

#AutoGPT using #GPT4 finds another article on the Forbes website.
PLAN:
- Browse the Forbes article
- Identify the top AI crypto currencies
- Add each currency to my list of top contenders
CRITICISM: I must ensure that I consider multiple sources and compare the information.. pic.twitter.com/Lbh24eX18X
— Mr. Harrison (@Harriso20462924) April 9, 2023

ChatGPT can now access the internet with new OpenAI plugins

March 24, 2023 Coin Telegraph

API

OpenAI said it is initially rolling out the plugins to a small set of users to "study their real-world use and impact," before expanding to larger-scale access.

Artificial intelligence chatbot ChatGPT can now retrieve information from online sources and interact with third-party websites via a new plugin feature introduced by its creator, OpenAI.

The plugin feature is still in its “limited” alpha phase and will only be available to a small set of users initially before rolling out to larger-scale access. Users must add themselves to a waitlist in order to access the new feature on Chat GPT Plus, the firm said in a March 23 announcement.

Initially, there will only be 11 plugins available. These plugins range from allowing users to check the scores of live sporting events to booking an international flight and purchasing food for home delivery. The firm added that it is “gradually rolling out plugins” so that it can assess its real-world use.

We’ve added initial support for ChatGPT plugins — a protocol for developers to build tools for ChatGPT, with safety as a core design principle. Deploying iteratively (starting with a small number of users & developers) to learn from contact with reality: https://t.co/ySek2oevod pic.twitter.com/S61MTpddOV
— Greg Brockman (@gdb) March 23, 2023

“Plugins are tools designed specifically for language models with safety as a core principle, and help ChatGPT access up-to-date information, run computations, or use third-party services,” said OpenAI.

Among the cohort of websites that are supported by the new plugin feature are e-commerce platforms Shopify, Klarna and Instacart, and travel search engines Expedia and KAYAK.

With our new AI Plugin, a traveler can start a conversation with #ChatGPT to plan their next trip–complete with access to up-to-date information on the availability & price of flights, hotels, vacation rentals, activities, & car rentals across the world. https://t.co/cVgLL6qln9 pic.twitter.com/YAIaj9zrEd
— Expedia Group (@ExpediaGroup) March 23, 2023

The plugins also include the math computer Wolfram, for carrying out calculations, and the business messaging app Slack, according to the announcement.

*A screenshot of the API on ChatGPT when connecting to third-party plugins. Source:* *OpenAI*

Other apps include FiscalNote, Milo Family AI, OpenTable, Shop, Speak and Zapier.

How does it access the web?

ChatGPT utilizes the Bing API to search for information along with a text-based web browser to navigate results and interact with websites.

It is able to synthesize information across multiple sources to give a more grounded response. It also cites the sources it used so users can verify where ChatGPT derived its response from.

ChatGPT has a brand new plugin that uses the Bing API to access the current, up-to-date internet.

This changes everything. pic.twitter.com/Izknqp1UgC
— Rowan Cheung (@rowancheung) March 23, 2023

OpenAI said the plug-in capabilities came on the back of high demand from its user base since the firm launched ChatGPT on Nov. 30.

Mitchell Hashimoto, the founder of software firm HashiCorp and an early user of the ChatGPT plugin API, told his 94,300 Twitter followers on March 23 that it is one of the most “impressive” computer applications he has ever used:

I've developed a lot of plugin systems, and the OpenAI ChatGPT plugin interface might be the damn craziest and most impressive approach I've ever seen in computing in my entire life.
— Mitchell Hashimoto (@mitchellh) March 23, 2023

Being able to use plugins that access the internet could improve one of ChatGPT’s arguably biggest shortfalls, that it was trained with data only up to September 2021 and does not have access to the internet to grab more recent information

*The typical answer given when ChatGPT is asked a question requiring up-to-date data. Source: Open AI*

Earlier this month, OpenAI released the latest version of its artificial intelligence Chatbot, ChatGPT-4.

So far, the new version has already managed to successfully pass many of the toughest U.S. high school and law school exams in the 90th percentile.

Using the same version, Cointelegraph recently launched an experiment using GPT-4 to invest in cryptocurrencies using information fed from Cointelegraph Markets and a selection of Cointelegraph’s daily news, with the aim of understanding how it interprets news to make trading decisions.

We love what @jacksonfall has been doing with #HustleGPT so we’re doing our own crypto edition!

The lowdown: We’ve given #GPT4 a budget of $100. We’ve instructed it to make as much money as possible.

Can GPT-4 navigate the choppy crypto waters and stay green?

A thread pic.twitter.com/UibCBUz0Nt
— Cointelegraph (@Cointelegraph) March 17, 2023

So far, the cryptocurrency portfolio is up 6.08% over seven days. It currently has an allocation consisting of 55% Bitcoin (BTC), 35% Ether (ETH), 5% Cardano (ADA) and 5% XRP (XRP).

Magazine: All rise for the robot judge: AI and blockchain could transform the courtroom

Nigerian Central Bank Unveils Open Banking Guidelines

March 12, 2023 Bitcoin.com

API

How does it access the web?

Share this video