We've partnered with Beeks Exchange Cloud® to launch a colocation service designed for fairness, accessibility and high-speed execution, set to go live later this year.
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Our FIX API for derivatives trading is a significant addition to our suite of API solutions. Designed specifically to cater to the needs of professional and institutional clients, our new API facilitates seamless integration with our derivatives trading engine. Built on the industry-standard FIX 4.4 protocol, our implementation ensures compatibility with existing trading systems while […]
The post Introducing our new FIX API for derivatives trading appeared first on Kraken Blog.
Robinhood, the popular investment and trading platform, has announced a significant upgrade for its crypto customers in the United States. Users can now leverage Robinhood’s newly introduced Crypto Trading API to view real-time crypto market data, manage their portfolios and account information, and place crypto orders programmatically. “With our new crypto trading API, we’re helping […]
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.
Related: Decentralized exchanges a magnet for crypto wash traders: Solidus Labs
“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.
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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:
— 3Commas (@3commas_io) October 8, 2023
Read our Blog Post: https://t.co/sJmfzOJE49 pic.twitter.com/MRJ40D29pj
“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.
Related: OpenSea ‘unaware’ of any involvement of former exec in $60M rug pull
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.
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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.
The list includes major crypto communities, which have been instrumental for millions of investors worldwide to discuss various aspects of the ecosystem.
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.
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.
Related: EU watchdog targets crypto ads on Instagram, YouTube, TikTok, Twitter
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 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.
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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.
"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.
Related: Connecting DeFi: How multichain token systems can improve liquidity
"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.
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Cybercriminals have reportedly breached AT&T email accounts and are using the access gained to steal crypto assets from their victims. While a spokesperson for AT&T has denied claims that hackers have gained access to the company’s internal systems, a report suggests that as much as $20 million worth of crypto may have been stolen. Criminals […]
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.
Facebook, Instagram and LinkedIn remain available to Microsoft customers, its website states.
Related: Microsoft Azure Marketplace integrates on-ramp to blockchain data
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.
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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.
Related: Tech giant Alibaba to roll out ChatGPT competitor AI
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.
— Mr. Harrison (@Harriso20462924) April 9, 2023
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
