Bittrex stops creating new ETH deposit addresses

Bittrex exchange reported that it stops new ETH and asset deposit addresses from being created because of high gas prices
08 January 2018   1097

Bittrex cryptocurrency exchange has stated that Ethereum and ETH assets would be offline as Bittrex team would work around a performance issue with geth. Moreover, Bittrex is preventing new ETH and asset deposit addresses from being created due to incredibly high gas prices, while stating that existing deposit addresses will work as normal.

The problem is related to the Ethereum network, which is processing more than 1,2M transactions daily, which is more than all of the cryptocurrencies and blockchain networks, including Bitcoin. Also, the transaction fee of Ethereum is also significantly rising.

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   368

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.