Quantum swaps with Tokens.net

Quantum Project has merged with Tokens.net and will initiate an automatic swap procedure on June 15
04 June 2018   529

Due to a volatility and returns pressure during recent months, Quantum Project has decided to merge with a crypto exchange Tokens.net. To complete the merge process, Quantum QAU token will be automatically swapped into Tokens.net DTR token. The exchange will publish an address on June 15 that will automatically convert QAU token for DTR and return them to the sender's address in a corresponding amount.

As the merge occurred effectively on June 1, Quantum Project ceased to exist. Conversion will be active June 15 through September 15. The rate is set at 1 QAU : 3.9 DTR. Tokens.net aims to deliver transparency, safety and reliability. DTR (Dynamic Trading Rights) is a deflationary token that the exchange would buy back for proceeds generated from trading fees on its exchange.

Price-wise, Tokens.net market characteristics at the moment of publication are as follows:

Average price 0.050310 USD
Market cap 60,475,059 USD
Volume (24H) 8,542 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.