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The Australian Securities and Investments Commission (ASIC) will monitor the crypto markets and ICOs. Will create a policy for regulation subjecting cryptocurrencies to the same scrutiny as stock exchanges.

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Gemini Exchange Launches In Australia in Effort to Expand its ‘Crypto Needs Rules’ Brand

One of the most prominent exchanges, Gemini which is owned by Winklevoss Twins is now available for Australian crypto users. “Cryptocurrency is the future of money, and we're committed to building a bridge to that future in Australia.” – @tylerwinklevoss We are thrilled to announce that starting today, we are operational in Australia 🇦🇺 Read […]
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Gemini extends its global footprint by expanding to Australia

The Cameron and Tyler Wnklevoss-led cryptocurrency exchange, Gemini, was recently in the news after the exchange named David Damato as its new Chief Security Officer. The exchange is in the news again after it updated the crypto-community about its latest expansion. According to a blog post by Tyler Winklevoss, Gemini services will now be available […] The post Gemini extends its global footprint by expanding to Australia appeared first on AMBCrypto.
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Gemini Expands to Australia, GUSD Still Not Supported

Coinspeaker Gemini Expands to Australia, GUSD Still Not SupportedCryptocurrency exchange and custodian Gemini, announced they’re expanding their business to Australia. Australian citizens can now download the Gemini Mobile App and use it to buy, sell, and store cryptocurrencies as are Bitcoin (BCH), Ether (ETH), Bitcoin Cash (BCH) , Litecoin (LTC) and Zcash (ZEC). However, their own stablecoin Gemini dollar (GUSD) will not be supported in Australia, according to its website.Tyler Winklevoss, co-founder and CEO at Gemini said that cryptocurrency is the future of money, and confirmed they are committed to building a bridge to that future in Australia.He added:“We are thrilled to continue expanding our global footprint and give Aussies a safe and trustworthy cryptocurrency experience. We founded Gemini to build trust in this nascent technology and we look forward to building that trust in Australia.”Gemini was the first cryptocurrency exchange and custodian in the world that had managed to complete a SOC2 Type I examination and shown the highest levels of security compliance in shielding customer data and funds. Exactly that fact may help the exchange to gain its presence in Australia.For now, the future doesn’t seem so much convenient. Gemini’s fees appear to be higher than on some already existing Australian exchanges (bear in mind that crypto exchanges in Australia are regulated). The lowest the transaction fee, as per their website, is 1.49%, and it then charges a spread – “convenience fee” of 0.5% on top of that.Just for comparison, Australian exchanges as are CoinSpot and CoinJar that have more cryptocurrencies with fees around 0.1% to 1%.Australian exchanges are required to be AUSTRAC-registered, and different cryptocurrencies may be subject to certain restrictions under ASIC regulations.However, above mentioned SOC 2 Type 1 examination demonstrates a level of security compliance in protecting user data and funds and is a subject to the capital reserve requirements, cybersecurity requirements and banking compliance standards laid out by the New York Department of Financial Services, and New York banking law.These protections benefit all Gemini customers in all parts of the world, meaning 49 states in the United States, as well as Washington D.C., Puerto Rico, Canada, Hong Kong, Singapore, South Korea and the United Kingdom.Earlier this week, the exchange said they were joining cybersecurity expert David Damato to their executive team as chief security officer. Damato joins Gemini with 20 years of experience in cybersecurity.Tyler Winklevoss then said:“Security is the bedrock of our culture, and Dave adds to that legacy. His depth of security knowledge and his experience defending global networks will be invaluable as we continue to build the market’s most secure cryptocurrency offering.”Other co-founder, Cameron Winklevoss recently concluded that Gemini is open to working together with Facebook’s Libra as well. He said that he finds Libra a step toward the mass adoption of crypto and added that he is confident that “one day the world will not be able to live without crypto or imagine a world before it”.Cameron Winklevoss is pretty sure in cryptospace becoming mainstream. As per his words, Facebook may be the first tech giant to trive a native cryptocurrency launch – but certainly won’t be the last:“I think that internet companies have to have a crypto strategy, and I think a lot of them are thinking about their own coin projects. They’re probably watching Libra and Facebook to see how that fares as they develop it.”He predicted that Amazon, Apple, Netflix and Google will also follow:“Amazon can probably get packages to literally any place in the world, even if the last mile is on a dirt bike or something […] very ironic, that the physical stuff we can move all around the world and we can’t get money to a lot of places around the world.”Gemini Expands to Australia, GUSD Still Not Supported
Coinspeaker

Gemini expands into Australia

Gemini is expanding its services to Australia. This is the sixth international location supported by the cryptocurrency exchange. Gemini also supports trading in Canada, South Korea, Hong Kong, Singapore, and the UK. Australian cryptocurrency users can now access Gemini's desktop and mobile platform to trade bitcoin, bitcoin cash, ether, zcash, and litecoin. "Cryptocurrency is the future of money, and we're committed to building a bridge to that future in Australia," said Tyler Winklevoss, co-founder and CEO at Gemini. "We are thrilled to continue expanding our global footprint and give Aussies a safe and trustworthy cryptocurrency experience. We founded Gemini to build trust in this nascent technology and we look forward to building that trust in Australia." Earlier this week, Gemini hired David Damato as its new Chief Security Officer. The Block previously reported that the exchange had doubled-down its efforts to improve its trading engine.
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Coinbase allows you to become a 'crypto shopper'

The new option was made possible through a partnership with WeGift, and will allow cryptocurrency holders to pay for goods and services through brands such as Nike, Tesco, Uber, Google Play, Ticketmaster, and Zalando

DIGEST

What is actually crypto — asset, currency or collectible?

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Bitcoin Struggles As BAT And ETC Lead The Charge

The cryptocurrency market has somewhat stabilized, presenting a predominantly green landscape as Bitcoin struggles to stay above the psychological $10,000 marker.   Cryptocurrency Market Situation. Source: Coin360   Sentiment for Bitcoin has seen a moderate improvement towards a strongly neutral outlook.   Bitcoin Sentiment Chart by theTIE.io   Despite this overall lukewarm performance, proponents of Bitcoin’s store of value potential have reason to rejoice today. According to a report by Digital Asset Data, BTC is increasingly gaining correlation with the broader asset markets – positively with gold, and negatively with the stock market. With a recession looming on the global economy, Bitcoin could fulfill the role of a “safe haven asset,” to which investors flock during uncertain economic times. Altcoins see recovery with ETC and BAT leading The rest of the cryptocurrency market is seeing strong corrections from yesterday’s fall, with two strong outliers making significant gains. Basic Attention Token is strongly reacting to its new listing on Kraken, a popular exchange part of Weiss Ratings’ Real 10 index of platforms reporting true volume. BAT has gained more than 15% on yesterday’s price, while curiously its partner-in-listing WAVES has registered a much more modest 4%. The stark difference can be explained by the contribution of other fundamental drivers, with BAT recently launching the much-anticipated online tipping feature in its browser.   BAT Recent Price Trend. Source: CoinMarketCap   The other outlier is none other than Ethereum Classic, which after an against-the-grain rally on Tuesday has continued today with a 14.6% gain. The total 7-day performance is a solid +21%, by far the highest in the top-50. As before, it’s difficult to give a meaningful explanation of the rally. The upcoming ETC Atlantis hard fork is scheduled in about 22 days, too far ahead to justify any price action, though the final confirmation was released on Monday. The run is likely to be due to a combination of factors, including possible whales entering ETC positions. The rest of the altcoin market is seeing moderate recoveries, with IOTA, TRON and Cardano gaining 8%, 6.32% and 6.42% respectively as the rest average on 3-4%.   The post Bitcoin Struggles As BAT And ETC Lead The Charge appeared first on Crypto Briefing.
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Casa Unveiled Node Monitor Service to Leapfrog Bitcoin Network Health

Coinspeaker Casa Unveiled Node Monitor Service to Leapfrog Bitcoin Network HealthA famous crypto startup firm recognized as Casa that offers primary management service, and Bitcoin node machine has launched a node monitor as well as accompanying reward program to develop Bitcoin network health.The firm revealed the latest innovation in an official website article on Aug. 21. Per the announcement, the node monitor known as Node Heartbeats depends on creating a brief relationship between the server of Casa plus, an internet synced and Tor-activated node owned by a user. The rewards program enables Casa node subscribers to earn 10,000 SatsBack weekly in exchange for operating 5 Node Heartbeat checks weekly, on separate days.SetBack can reportedly be converted for Bitcoin (BTC) just once per day on Keymaster app for Casa, as long as a consumer has garnered a minimum of 50,000 SatBack points. According to the report, Casa is firmly convinced that it`s hectic for consumers to keep up with the trend on their node`s uptime as well as security. By offering an inducement program to leapfrog node health, the firm reportedly expects to enhance the overall health of the Bitcoin network.How the Node Heartbeat OperatesTo verify that node is online, the company makes a concise link from their server to the users Casa Node. For this to be manageable, the user`s node must be synced, online, and with Tor activated. But with Tor, that indicates the node Heartbeat secures user`s privacy.Speaking of privacy, the Node Heartbeat only utilises the connection code of the consumer-the same code that is already existing in explorers and that which the consumer release to others who are willing to launch a channel with them. Sats App automatically submits the code for the users when they send a Heatbeat to saves them from the agony of looking it up.Guess Who Is The Latest Casa Investor?Charlie Lee, Litecoin (LTC) founder revealed just three days ago that he has heavily invested in Casa. He went ahead to praise Casa for spearheading BTC acceptance, indicating:“I have the same feeling about Casa today as I had about Coinbase when I joined in 2013 as the 3rd hire. Casa is making Bitcoin easy to use, and that is extremely important for this space. Looking forward to great things!”New Node Monitor by Lightning LabsAs initially reported by Cointelegraph that the designer of the high-speed transaction protocol Lightning Network, Lightning Labs recently unveiled an alpha version of a node monitor. The invented device, called Indmon, allegedly enables nodes operators to supervise node functions in real-time. Network cases this year reportedly influenced the developers to design a tool for preemptively detecting network and node issues.Casa Unveiled Node Monitor Service to Leapfrog Bitcoin Network Health
Coinspeaker

Gemini Exchange Launches In Australia in Effort to Expand its ‘Crypto Needs Rules’ Brand

One of the most prominent exchanges, Gemini which is owned by Winklevoss Twins is now available for Australian crypto users. “Cryptocurrency is the future of money, and we're committed to building a bridge to that future in Australia.” – @tylerwinklevoss We are thrilled to announce that starting today, we are operational in Australia 🇦🇺 Read […]
Bitcoin Exchange Guide
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