The summer heat is on and Bitcoin continues its wobbly march upwards, temporarily keeping the value of most altcoins down. Sami is not available this month to write the newsletter and comment on the state of crypto as he is in the midst of physically moving to southern Ontario, Canada (near to where I, Cryptocronic, live). We will be able to easily meet up in person and continue working together to complete Madbyte related tasks.
Internally, our team has been assisting with the installation and setup of a new cryptocurrency exchange, which is an initiative by one of our members. There have been numerous issues just getting the basic configuration with four coins up and running successfully. Initially, you will see Tradecoin, Madbyte and Litecoin markets paired with Bitcoin. The exchange is still in testing phases but can be found at https://trade.tradecoinx.ca/trading/ if you want to take a peek. Feel free to make suggestions of coins to add in our Discord group (or join the Tradecoinx server at https://discord.gg/nBQgXkd). Know that they are starting off slowly in that regard as to not over-burden the system.
Our goals for the summer are to continue testing and perfecting our Madfolio trade tracking system and to support tradecoinx.ca. While the exchange is just a small one, we are hoping that with our support and inside knowledge of its operation, it can be trusted by our members (and eventually the general public) to not just disappear and take your coins like so many others. We aim to keep you informed of any issues and struggles we are having as we progress with it.
Sorry for this months newsletter being released slightly later than usual and for being rather short. Next month we will hopefully have a lot more to report on.
All the best from us,
Madbyte.com Team
