Cindicator Edge’s indicators intend to help in making trading decisions by estimating probabilities of various events across more than 100 crypto assets, stocks and futures, according to the announcement. In order to receive more indicators in real-time, users can connect their Ethereum wallet address to unlock up to 12 indicators a week, the post reads.
Hybrid intelligence firm Cindicator launched Edge, a new web app for receiving and tracking indicators for over 150 digital assets.
Estimating probability in the market
According to a blog post on Sept. 11, the new product called Cindicator Edge targets holders of Cindicator (CND) tokens and is available on free demo basis.
Vlad Kazakov, product owner of Cindicator Edge, said that Cindicator Edge was successfully tested with 400 users before the official demo launch.
Partnership with Kyber
In the blog post, Cindicator also noted its partnership with Kyber, on-chain liquidity protocol and payment service for the instant conversion of digital assets, which enabled the app’s users to integrate CND tokens into other tokenized ecosystems. Moreover, Kyber provided users with an option to acquire CND tokens directly in the Edge app without going to an exchange and then transferring tokens to an external wallet, the blog post notes.
The news follows CND token listing on Kyber Network on Aug. 13, as announced by Cindicator. Earlier in 2019, CND token was listed on Allbit, a fully decentralized subsidiary exchange of South Korea’s major crypto exchange Upbit.
At press time, CND token is ranked 267th biggest cryptocurrency with a market cap of $9.2 million, according to data from Coin360.
In Echo of 2008, Fed Pledges $1.5 Trillion Injection to Aid Reeling Markets
The move by the Federal Reserve Bank of New York comes as investors in traditional Wall Street markets have rushed to snap up U.S. Treasury bonds, historically viewed as a “safe haven” asset in times of turmoil. The flight to safety has pushed down the 10-year note’s yield, which moves in the opposite direction from its price, to historically low levels below 1 percent.
“These changes are being made to address highly unusual disruptions in Treasury financing markets associated with the coronavirus outbreak,” the New York Fed said in a statement on its website.
The announcement follows announcements by the Fed branch earlier in the week that it would increase the maximum amount of overnight loans provided to Wall Street bond dealers through “repo” markets – essentially short-term collateralized loans – to $175 billion from $100 billion.
The pumping of trillions of dollars of fresh liquidity into the financial system recalled the Federal Reserve’s unprecedented efforts during the crisis of 2008 and the years afterward to ply banks and markets with money in a bid to revive the economy in the wake of Lehman Brothers’ bankruptcy.
The New York Fed said Thursday it would initiate the injections as soon as Thursday afternoon, beginning with $500 billion of three-month repo loans.
On Friday, the bank will offer additional repo operations with $500 billion of three-month loans and $500 billion of one-month loans.
“Three-month and one-month repo operations for $500 billion will be offered on a weekly basis for the remainder of the monthly schedule,” according to the statement. “The Desk will continue to offer at least $175 billion in daily overnight repo operations and at least $45 billion in two-week term repo operations twice per week over this period.”