DigiPulse to burn excess amount of DGPT tokens

Community of DigiPulse Foundation through polling decided to burn the excess amount of DGPT tokens that was frozen since November 2017 on April 30
03 April 2018   708

DigiPulse Foundation polled its community on the matter of the excess amount of DGPT tokens - almost 68% of the total supply of the tokens were left unsold. That amount was frozen for 6 months before the Foundation is able to access it. According to the poll results, 87% of the community have voted for burning the unsold tokens.

Back in November the company already burnt its share of tokens to maintain a 25% ratio from the total supply. Now, on April 30, once the excess tokens are unfrozen they are to be burned immediately (it will be sent to the address 0x0000000000000000000000000000000000000000). Community members' tokens will be kept as they are and not diluted. The service price will be tied to a fiat amount thus making regulation mechanism clearer for the community. Another reason for such a tie-up is that after drastically decreasing the token supply (from 20,483,871.02 to 5,420,726.22) the project might run the risk depleting the tokens. So the tie-up is for the adjustment of the underlying token amount.

As of the moment of publication, DigiPulse market parameters are as follows:

Average price: $2.27

Market cap: $3,190,869

Volume (24H): $21,738

Barclays to Freeze Crypto Trading Project

This is reported by two anonymous sources to Financial News London
15 October 2018   100

One of the largest UK bank Barclays has suspended work on its own crypto-trading project, Financial News reports citing two sources familiar with the situation.

Earlier this year, the bank gathered a high profile team to explore opportunities for cryptocurrency trading as part of its own business. However, according to one source, the initiative was “frozen”.

The former head of Barclays for energy trading, Chris Tyrer, who headed the “digital assets project,” left the bank in September after management decided to freeze the initiative.

Together with Tyrer, the macro-strategy in the field of foreign exchange and emerging markets was Marvin Barth, Senior Technical Specialist Lee Brain, and Consultant Matthew Jobb Duval.

Their task was to determine whether cryptocurrencies are an asset class with far-reaching prospects, whether Barclays customers are interested in them and what type of IT infrastructure will be needed to work with them, the source said.