Bittrex to Unveil Bitcoin Private Position

Learn about the possition of one of the biggest cryptocurrency exchange on BTCP
28 February 2018   894

One of the leading crypto-currency exchanges Bittrex said that it will not add list Bitcoin Private (BTCP). This information is reported on the official Twitter of exchage.

However, due to the temporary suspension of inputs and the output of ZClassic, ZCL holders on Bitrrex under certain conditions will be able to claim BTCP coins, unlike bitcoin holders.

Representatives of Bittrex recommend to cancel all ZCL outputs in pending mode, because this function will not be available until the snapshot is taken. The ZClassic market will open only after 17:00 UTC, when the exchange will take a "snapshot" of the ZCL balance sheets.

Bittrex will make all reasonable attempts to credit our ZCL users BTCP but until we have a fully supported wallet, we can not guarantee tokens. We will continue to monitor the state of the codebase and network. Since the ZCL wallet contains a significant amount of UXTO's to clean up and consolidate, we anticipate that BTCP will be available at least a week from the time of the BTCP network launch.

Bitcoin balances will NOT be credited BTCP.
 

Julian Yap

Bittrex

According to the representatives of the exchange, BTCP coins will be available within a week after the launch of the main Bitcoin Private network.

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   363

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.