Technology: Traders Could Lose Weekends in Digital Age, BitMex’s Hayes Says - PressFrom - US
  •   
  •   
  •   

Technology Traders Could Lose Weekends in Digital Age, BitMex’s Hayes Says

05:40  20 september  2019
05:40  20 september  2019 Source:   bloomberg.com

New Zealand’s tax authority approves crypto wages and salaries

New Zealand’s tax authority approves crypto wages and salaries Kiwis can now get paid in crypto, the US securities regulator isn't so sure about bitcoin funds, and news from elsewhere.

Arthur Hayes , head of one of the world’ s most popular cryptocurrency exchanges, says traders may lose their midday breaks and even their weekends Hayes , who worked at Deutsche Bank AG and Citigroup Inc. before founding BitMEX , said that records of transactions changing hands may only

Traders Could Lose Weekends in Digital Age , BitMex ’ s Hayes S About half explicitly said they expect their air travel to decline in the coming years, and none foresee an increase. At Essity, employees are asked to firstly opt for digital meetings. When there is a need to travel, train and public

(Bloomberg) -- Arthur Hayes, head of one of the world’s most popular cryptocurrency exchanges, says traders may lose their midday breaks and even their weekends as traditional assets absorb some characteristics of digital ones.

Digital finance is going to end up affecting everything from traditional equities, bond and currency trading, to the way payments are processed and recorded, Hayes, the chief executive of BitMex, said in remarks at the Milken Institute Asia Summit in Singapore. Hayes, who co-founded the exchange, noted that most markets currently open and close, remain shut on weekends, and some even have lunch breaks. Cryptocurrencies trade 24 hours a day, seven days a week.

Missing Cordova mom: Authorities search for Taquila Hayes

Missing Cordova mom: Authorities search for Taquila Hayes Taquila Hayes, 41, went missing the first week of June, but reported missing to authorities only last week.

BitMEX ' s engine constantly audits the balances and history of all accounts. BitMEX offers a variety of contract types. All contracts are bought and paid out in Bitcoin. Only BitMEX has the "Perpetual Contract", a high-leverage contract that never expires!

Traders Could Lose Weekends in Digital Age , BitMex ’ s Hayes S While FedEx didn’t provide details, the Wall Street Journal reported earlier that the pilot was a former U.S. Air Force colonel who was detained a week ago after he was found carrying nonmetallic pellets used in low-power replica air

“Some of the practices in our market are going to be mimicked in traditional trading,” Hayes said. “All these things are going to seep into the traditional way stocks, bonds and FX are traded.”

Hayes, who worked at Deutsche Bank AG and Citigroup Inc. before founding BitMEX, said that records of transactions changing hands may only exist in a digital form.

“All these things about being somewhere and trading something and physically reconciling records is all going to go out the window,” he said. “Once you get away from that and understand that everything will be digital in the next 10 years, you realize” that Bitcoin isn’t such a strange idea.

a screenshot of a video game: Bitcoin has traded in a range after big gains earlier in the year© Bloomberg Bitcoin has traded in a range after big gains earlier in the year

The discussion didn’t address the investigation into BitMEX by the U.S. Commodity Futures Trading Commission, which Bloomberg reported in July. Nor did it get into recent ouflows from the exchange, or staffing issues such as the exit of Chief Operating Officer Angelina Kwan after she’d been at the company less than a year.

From Farm to Cup, Big Coffee Taps Blockchain to Lure Millennials

From Farm to Cup, Big Coffee Taps Blockchain to Lure Millennials Sustainability-minded millennials are increasingly demanding to know where their morning cup of joe comes from, and some of the world’s top coffee companies are turning to technology for help. Roasters including J.M. Smucker Co. and Jacob Douwe Egberts are joining a blockchain initiative by Farmer Connect, a startup backed by Swiss coffee trader Sucafina and developed in partnership with International Business Machines Corp. The technology will help firms trace the origin of the beans they buy and sell as well as their pricing along the supply chain.

Bitcoin is rallying, but BitMEX co-founder Arthur Hayes doesn't think the coin has hit bottom yet. Senator Kamala Harris could lose the support of some of her top big money supporters if she fails to Bitcoin' s rally was good news for digital coin traders who watched the largest cryptocurrency by

Traders Could Lose Weekends in Digital Age , BitMex ’ s Hayes S “We’ve got one of the largest methane hotspots in the country,” Grisham said in a telephone interview. It’s taken the oil and gas industry “too long to accept responsibility and do something meaningful about it,” she said .

Hayes did say crypto is “definitely not” a threat to sovereign currencies, and actually would make things “better for governments because they can track things better in their native currencies, which they can’t do with physical cash.”

Facebook has been confronted with push back from politicians and regulators in the U.S. to France to Germany on its plan to launch a centeralized coin by the first half of next year.

He also touted the effects that crypto derivatives, BitMEX’s specialty, have had in price discovery, creation of fair and efficient markets, and helping keep prices in sync across major exchanges.

Bitcoin will be at $20,000 in a year, and at $100,000 in three years, Hayes predicted, in line with comments he has made previously. The largest cryptocurrency was little changed at $10,258 at 7 a.m. in Hong Kong, and has been hovering around the $10,000 level for weeks.

And, when asked whether he thinks it will ever be revealed who Satoshi Nakamoto is, Hayes said no. “I think they’re already dead,” he said.

Hayes also said that hiring good people in a big priority for BitMEX, though he said people need to be able to deal with the unstructured nature of things both inside and outside the company.

“We’re definitely understaffed. We’re hiring in every single department,” he said.

(Updates Bitcoin price in 10th paragraph.)

To contact the reporter on this story: Joanna Ossinger in Singapore at [email protected]

To contact the editors responsible for this story: Christopher Anstey at [email protected], Dave Liedtka, Olga Kharif

For more articles like this, please visit us at bloomberg.com

©2019 Bloomberg L.P.

JPMorgan Says ICE Debut, Position Shakeout Likely Tanked Bitcoin .
Yahoo Sports' Pete Thamel gives us his three takeaways from week 5 of the college football season: Clemson squeaking past North Carolina, Ohio State and Justin Fields continue to roll, and Sooners' Jalen Hurts has a monster day vs. Texas Tech.

—   Share news in the SOC. Networks

Topical videos:

usr: 9
This is interesting!