Genesis Vision is releasing crypto broker

The official date of Genesis Markets - a project of a Genesis Vision crypto broker, release is June 7
02 June 2018   478

Genesis Markets is a crypto broker designed to make all crypto instruments accessible within a single brokerage. It is rolling out on June 7. Genesis Markets will aggregate depth of the market and order books from multiple crypto exchanges.

Moreover, all of the crypto trading instruments will be aggregated as well. Thus the liquidity will be provided by multiple exchanges. Another crucial aspect of the Genesis Markets is trust management: the trading platform will be standardized and transparent.

At the moment of publication, Genesis Vision market parameters are as follows:

Average price 17.07 USD
Market cap 63,600,497 USD
Volume (24H) 15,828,900 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.