AppCoins to launch Aptoide sidechain feature

A successful European app store Aptoide with 200 million unique users will enable sidechain feature on June 15
28 May 2018   589

AppCoins ecosystem is releasing Aptoide with sidechain/payments channels on June 15. This "Knuth release" follows the footsteps of the previous "Gosling release". As the Gosling release introduced a first glance at an Aptoide app store, the Knuth is going to complement the Gosling with sidechain/payments channels.

While these 2 features will allow scalability of the AppCoins ecosystem as a whole, the release will include the first support of apps vetting using AppCoins reputation system. In the long run, the ecosystem is envisioned to be formed by a community of app stores that adopt the AppCoins cryptocurrency.

At the moment of publication, AppCoins market characteristics are as follows:

Average price 0.316094 USD
Market cap 31,626,568 USD
Volume (24H) 978,747 USD

Gemini & Partners to Launch Virtual Commodity Association

Association is created to develop standards for the industry, promote transparency in the market and cooperate with regulators, including the CFTC
20 August 2018   92

Several major exchanges decided to create a new structure designed to eradicate manipulation in the digital assets market, Bloomberg reports.

The Virtual Commodity Association was formed by the founders of the exchange Gemini Cameron and Tyler Winklewoss. According to a statement released on Monday, the group also included Bitstamp, BitFlyer USA and Bittrex. Representatives of four trading platforms will meet in September to consolidate the provisions for the future functioning of the organization.

The Virtual Goods Association will develop standards for the industry, promote transparency in the market and cooperate with regulators, including the Commodity Futures Trading Commission of the United States (CFTC), in order to prevent manipulation of Bitcoin, Ethereum and other currencies.

As the temporary executive director of the organization, Maria Filipakis, who worked in the Financial Services Department of New York, was appointed, where she took part in the creation of a BitLicense.

Earlier, the Winklewoss brothers tried to launch their own ETF, tied to bitcoin, but the US Securities and Exchange Commission denied them twice, as the reasons for its decision, among other things, calling for the absence of adequate measures to prevent cryptocurrency market manipulations.