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---Sneak Peek Bittrex Beta / Venezuela Fails To Pay Debt In Cryptocurrency
1:27 Story - SALT Expands Service TO UK and NZ
https://mailchi.mp/6e59b31e3d6a/salt-on-the-move-268279?e=92e4054111
SALT continue to roll out their service in stages as they promised but only at a rate that they can ensure performance and security they say.
For anyone not familiar with SALT it’s a platform where you can borrow fiat currency and put up your crypto as collateral.
Thus if you default on your loan the the lender gets your crypto as compensation, which they can keep or sell to recover their money.
https://membership.saltlending.com/dashboard
If I now flip over to my account on saltlending.com I can tell you that the SALT token is used to buy a membership to the platform.
For 1 SALT per year that allows you to borrow up to $10,000, a premier membership is 10 SALT per year and allows you to borrow up to $100,000 and if you want to borrow over $1,000,000 then you need an enterprise membership which costs 100 SALT per year.
What I personally don’t understand is why on Coinmarketcap…
https://coinmarketcap.com/currencies/salt/
It lists SALT at $2.07 but inside my SALT account on the left it says 1 SALT = $27.50 which is ten times more. If you know the answer to that please let us all know in the comments below.
The other thing I would really like to do with this platform is LEND my British Pounds but there isn’t any way to do this inside my account.
I suspect it’s because I have to verify my identity so I’ll have to do that and see if that unlocks this feature.
I know someone is lending because SALT already have $38m of active loans on the platform according to this number that appears in the members area.
The final thing I’ll say on this is that SALT is proving so popular they have temporarily stopped accepting new accounts.
On the plus side though, the more SALT grows the more people will be holding crypto as collateral instead of selling it to release the value.
4:16 Story - Bittrex Showing Off Their New Interface
https://beta.bittrex.com/
This does actually work, however it’s pre-release software so it’s not recommended to do real trades with it yet.
So let’s go ahead and look inside…
The first thing that strikes you is that it’s an overall dark theme.
Heading over to the markets tab reminds me a little bit of the old Bittrex but it’s quite a bit different.
If there ever was a criticism I heard about Bittrex it was the interface.
Now though if we click on a trading pair and go into the market screen, it looks a lot better than before.
And when I say better I mean cleaner. The visual elements are better separated.
There are some subtle things that I think are significant such as the order form no longer shows the buy and sell form at the same time.
You have to physically switch the form from buy mode to sell mode.
The benefit of that being you can’t accidentally enter the numbers in the wrong box like you can with the old interface.
You can also set the order to be conditional, such as get me this exact price or cancel the order.
If you click on an item in the order book, that automatically switches the order FORM to buy or sell mode, so you really can’t get it wrong now.
And the final thing I’ve noticed is they care about speed.
For example at the bottom of the markets screen, and this is a common design element for this new version, whenever a table of data would be displayed, it doesn’t load automatically.
That makes sense because if you don’t want the data, loading it just slows down the load time.
So now everything has a toggle which you use to open and close the draw. Like my open orders or my order history have their own toggles.
There’s this same feature on the wallets screen with regards to deposits and withdrawals.
So have a play around with this for yourself. Just go to beta.bittrex.com and log in with your existing account.
8:11 Story - Venezuela Tries To Pay Russian Debt With Petro Cryptocurrency And Is Told No
https://oilprice.com/Latest-Energy-News/World-News/Venezuela-Tries-To-Pay-Russian-Debt-With-Cryptocurrency.html
I know many of you have been following this story and have already made your mind up about it, however despite that I believe it’s still important to observe how this pans out.
I say that because it is an experiment that has been done before so there is a lot we can learn from it whatever the outcome.
The main challenge with this story is that it’s got that highly charged ingredient called politics in it.
But that’s hard to get away from since crypto does not exist in a vacuum and so interconnects with many other fields that we all have differing ideas about.
The saving grace is that we’re doing our level best to use this blockchain technology to help streamline the governance and decision making process in all of these areas.
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