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In a press release today, Bitpay – the largest bitcoin payment provider – announced that they are now supporting settlement in two more currencies: Circle (USD) Coin, and Gemini (US) Dollar.
The decision to add settlement in stablecoins makes perfect sense during these volatile periods. It allows merchants to avoid any market volatility by converting payments received in BTC or BCH to a stablecoin.
Stephen Pair, co-founder and CEO of BitPay said:
“The introduction of the USDC and GUSD stable coin offers BitPay customers a new alternative to holding Bitcoin and Bitcoin Cash by offering a stable coin option.”
Gemini recently announced that Litecoin is to be the latest cryptocurrency to be supported on the platform.
The news broke out last week, that the digital currency will now be offering Litecoin on its exchange.
On the 19th of October, the trading of the Bitcoin hard fork will begin.
You see the tweet where the announcement was made here:
We are pleased to announce that @litecoin (LTC) is now available on Gemini! Starting tomorrow, we will begin accepting Litecoin deposits, and trading will open across all currency pairs on Tuesday. For more information, please visit our blog on @Medium https://t.co/it5xuF9Hr5
On Friday, October 12, 2018, Gemini announced the addition of Litecoin (LTC) to its trading catalog. Litecoin becomes the fourth cryptocurrency added to the Winklevoss-owned platform.
NYSDFS Approval for Litecoin Trading on Gemini
Eric Winer, the platform’s VP of Engineering announced the news via a post on the company’s Medium account. According to the announcement, customers will be able to deposit LTC into their trading accounts from Saturday, October 13th, 2018, while trading commences the following Monday, October 16, from 9:30 am EDT.
Today could shape up to be an interesting day for a fair few cryptocurrencies. One of the more interesting markets right now is Litecoin, even though its overall gains are anything but spectacular. That is not necessarily a bad thing either, but there are some developments behind the scenes to keep an eye on.
Litecoin Price is on the Move
There are always interesting developments taking place in the world of cryptocurrency. Especially altcoins tend to do things a bit different compared to Bitcoin itself, even though the gains are not exactly too amazing right now. For Litecoin, the momentum is finally turning around, albeit in far less spectacular fashion than some traders would like to see.
Gemini, the cryptocurrency exchange founded by the Winklevoss twins, will list Litecoin (LTC) Saturday after receiving approval from the New York State Department of Financial Services (NYSDFS). We are pleased to announce that @litecoin (LTC) is now available on Gemini! Starting tomorrow, we will begin accepting Litecoin deposits, and trading will open across all currency pairs on […]
Cryptocurrency exchange Gemini has announced that effective Saturday, Oct. 13, at 9:30am EDT, customers will be able to deposit litecoin into their Gemini accounts. The New York-based startup headed by Cameron and Tyler Winklevoss made the announcement on Friday via a post on its website. Anticipated Market Impact In the announcement post, Eric Winer, Gemini’s … Continued
The post Litecoin Price Makes Slight Gain in Wake of Gemini Listing appeared first on CCN
Crypto exchange Gemini has announced the arrival of Jeanine Hightower-Sellitto, who joins the team as the Managing Director in charge of Operations. A former Wall Street COO, Jeanine brings over a decade of experience to the company, which is owned by crypto investment duo Cameron and Tyler Winklevoss. In a Medium post published by co-founder
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Gemini announced during the week in a press release that the exchange has partnered with leading insurers to provide coverage on custodial digital assets. Effective since October 1, 2018, insurance coverage is provided on digital assets held in Gemini’s custodial service. Aon, a leading global professional services firm providing a broad range of risk, retirement and health
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The Gemini cryptocurrency exchange announced that customer assets are now covered by insurance. It comes through a consortium of global insurers who were organized by Aon.
The Gemini digital cryptocurrency has notified customers that insurance for digital assets is now available. A news release said is was arranged by a professional services firm called Aon who organized a collective of leading insurers.
— Gemini (@GeminiTrust) October 3, 2018
The new virtual asset insurance coverage now stands alongside FDIC insurance for U.S. Dollars.
New York-based Gemini Trust Company, the cryptocurrency exchange founded by the Winklevoss twins, has secured insurance coverage for the digital assets it holds in hot wallets on behalf of its clients. Introducing Digital Assets Insurance, which furthers our mission to build the future of money via @Medium https://t.co/Yi58GQChjw — Gemini (@GeminiTrust) October 3, 2018 According to […]
While it may not compete with Binance as the largest exchanges in the world, Gemini crypto exchange is certainly among the most renowned. Founded and led by Tyler and Cameron Winklevoss, the exchange has recently had its stablecoin approved and now, it’s eyeing the UK crypto market. According to sources familiar with the matter, Gemini has already hired consultants to advise on the move to the U.K. With London being the European financial capital, the move will give Gemini a great boost in its global expansion especially in the wake of aggressive European expansion by some of the largest crypto exchanges.
Gemini, a New York-based cryptocurrency exchange owned by the Winklevoss Twins is eyeing a move to the UK.
Winklevoss Twins Look to Set Up Shop in The UK
According to the Financial Times, inside sources revealed that Gemini is serious about a foray into the UK market. Furthermore, reports indicate that the platform has gone ahead to hire consultants charged with working out modalities for such an expansion project.
Commenting on the proposed plans, the platform said:
Gemini, the U.S. cryptocurrency exchange founded by bitcoin billionaires Cameron and Tyler Winklevoss, is rumored to be eyeing an expansion into the United Kingdom. Gemini Plots Transatlantic Expansion Citing two sources close to the process, the Financial Times reports that the New York-based exchange operator has hired advisors regarding a move into Britain and may
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Famed US cryptocurrency exchange Gemini, the birth child of Tyler and Cameron Winklevoss is alleged to be exploring an expansion into the United Kingdom, opening their doors to a new and emerging British cryptocurrency market.
Gemini are considered a major exchange, though by limiting their operations to certain areas, the trading volume of the exchange is far lower than it should be, therefore Gemini need to expand and discover new markets. With the UK ever optimistic around cryptocurrencies, this seems like the most sensible next step for the exchange.
The Litecoin Foundation, the team responsible for Litecoin (LTC), announced this week that it will be listed on Gemini, the cryptocurrency exchange founded by the Winklevoss twins. LIVE from the @LTCFoundation Litecoin Summit, "We are pleased to announce Gemini will be launching Litecoin support starting October 13th, 2018!” –@eric_winer #LTCSF18 #tothemoon pic.twitter.com/TqTjJjk7q4 — Gemini (@GeminiDotCom) September […]
Much has been made in recent days about how Gemini dollar (GUSD), a USD-pegged stablecoin created by the Winklevoss-founded Gemini cryptocurrency exchange, can help regularize cryptocurrency as a mainstream asset class. However, decentralization hardliners may be dismayed by the details of this grand bargain. GUSD Smart Contract Gives Gemini Broad Control Writing on tech publication
The post Gemini Can Freeze its USD-Pegged Cryptocurrency at Any Time: Researcher appeared first on CCN
Two crypto companies, Gemini Trust and Paxos, got a green light from a New York state regulator to launch their own stablecoins pegged 1:1 to the U.S. dollar.
New York Department of Financial Services (NYDFS) gave an okay to Gemini Trust, the crypto exchange founded by the Winklevoss twins, to launch Gemini Dollar (GUSD). It also gave a nod to Paxos Trust, the company behind the over-the-counter (OTC) exchange itBit, to issue Paxos Standard (PAX). Both coins launched on September 10, 2018.
Gemini, the cryptocurrency exchange founded by the Winklevoss twins, announced Monday that it has launched the Gemini dollar (GUSD), a new stablecoin pegged to the U.S. dollar. We are excited to announce our launch of the Gemini dollar (GUSD), the world's first regulated stablecoin! For more information, please visit our blogpost on @Medium https://t.co/O9jljzSljj — Gemini (@GeminiDotCom) September 10, […]
Move over Uncle Sam. The Winklevoss twins’ Gemini Trust Company is rolling out Gemini dollar, a regulated stablecoin that lets users send and receive U.S. dollars on the Ethereum network, the New York-based company announced on Monday. The rollout is hailed as a key step to increasing trust and economic activity in the volatile cryptocurrency industry.
The Gemini dollar (CRYPTO: GUSD) has received approval from New York Department of Financial Services and is the world’s first regulated stablecoin.