Hyperspace prepares for a fork

Hyperspace Cloud Storage service is going to fork Sia code base on July 1 to introduce the Hyperspace Network to the public
20 June 2018   1506

The Hyperspace team is forking the Sia code base on July 1 and is going to distribute ~3.5B Space Cash to all Sia holders with a rate of 10 Siacoin to 1 Space Cash. The forking block is set at 161358 of Sia blockchain. Afterwards, the network itself is set to be launched around the first week of July with the release of Obelisk SC1.

Hyperspace Network

The Hyperspace network is a global storage marketplace powered by the Space Cash cryptocurrency. Hyperspace uses revolutionary blockchain technology to achieve 3 goals: a low cost of storage, fast transfer speeds, and private storage. The details are available here. At the moment of publication, Hyperspace marker value is as follows:

Average price 0.007771 USD
Market cap 181,184 USD
Volume (24H) 74 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.