TheKey to present its MVP on a testnet

A blockchain based identity verification technology developer TheKey has completed the development of the MVP ahead far ahead of schedule and will release the testnet on May 28
23 May 2018   448

TheKey chairwoman and CEO Catherine Lin (the most Outstanding Woman Entrepreneur in China) has announced that the development of MVP got completed way ahead of schedule (as was expected earlier). The team behind made a comprehensive internal evaluation and tested the product out. Being confident of the high quality of the work done the MVP Progress Report as well as the testnet will be released on May 28.

At the same time, the code of the MVP will be released for public review on the project GitHub. THEKEY is a blockchain based identity verification technology for securing digital identities. It uses Blockchain Based Dynamic Multidimensional Identification to store big data and built on a decentralized ecosystem. China government authorities exclusively authorized TheKey to handle Personally Identifiable Information.

At the moment of publication, TheKey market characteristics are as follows:

Average price 0.014074 USD
Market cap 64,812,057 USD
Volume (24H) 900,339 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.