Digital Money Bits is swapping to a Masternode Coin

DMB will finalize the swap to a masternode coin on June 15
04 June 2018   540

Final announcement by Digital Money Bits has stated the finish of the DMB Masternode swap on June 15. The ratio is set at 1:1. DMB-supporting exchanges will automatically swap their wallet. Octaex will disable the wallet on June 15: having automatically swapped DMB will resume. CoinExchange and Crex24 are going to do the same.

Users are advised to not send old DMB coins to masternode wallet - swap has to be finalized. The swap was started on May 15. Digital Money Bits is a Free Open-Source project derived from Bitcoin. It aims to provide a long-term, energy-efficient, scrypt-based cryptocurrency. The foundation of Bitcoin, PPCoin and NovaCoin allows the inclusion of PoS consensus mechanism.

At the moment of publication, DMB market indicators are as follows:

Average price 0.008293 USD
Market cap 707,937 USD
Volume (24H) 7,258 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.