Gemini news

Established in 2015, USA. No. of pairs - 6. Fiat - USD. Centralized exchange. KYC & Restrictions - yes.

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Gemini outperforms Tether; stablecoins struggle as Libra’s shadow looms, finds Fundstrat report

Last week might have been the last phase of the ‘Gemini’ as Zodiac signs go. However, the twin-heads have surprisingly outperformed their stablecoin equivalent, Tether [USDT] as Libra scaled the market. With bullish sentiment emanating from Menlo Park, pushing Bitcoin [BTC] into fifth-heaven, stablecoins on the whole faltered. According to a recent Weekly Performance Analysis […] The post Gemini outperforms Tether; stablecoins struggle as Libra’s shadow looms, finds Fundstrat report appeared first on AMBCrypto.

Winklevoss twins foresee FAANG coins in the future as Facebook’s Libra threatens Gemini’s market

As global markets collectively hold their breath awaiting the Libra whitepaper, which has the potential to change the face of finance, technology, social media, and payments world as we know it, some are masking their fear in predictions. Facebook is on the brink of finally unveiling their GlobalCoin project, as well as a list of Project Libra’s official backers, and old foes are not pleased. Cameron and Tyler Winklevoss, spearheads of the Gemini Exchange and the stablecoin project of the same name, don’t seem too pleased with the prospects of a Facebook-made coin, a company they famously sued in 2004. Further, the Menlo Park giant’s plan of channeling this “GlobalCoin” via their messaging application and backing the same by a basket of fiat currencies puts it firmly in the fold of the stablecoins. This threatens the cause of the Gemini Dollar [GUSD] as well. With the launch of the Libra project only hours away, the twins mulled over the prospects of another premier coin arising from other top non-crypto inclined companies. Taking a cue from Zuckerberg’s Facebook, other top companies could release their own version of cryptocurrencies, predicted both Cameron and Tyler Winklevoss in a series of tweets. Tyler posed the same as a question, hinting at the possibility of the torch being passed from Menlo Park, California to Seattle, Washington, the home of the largest e-commerce company in the world, Amazon. Tyler tweeted, Which FAANG company will be next to announce a stablecoin? Amazon? — Tyler Winklevoss (@tylerwinklevoss) June 17, 2019 Cameron issued a tweet of his own, responding to Tyler’s question by saying, Prediction: ever FAANG company will have its own coin within 24 months. — Cameron Winklevoss (@winklevoss) June 17, 2019 If this does turn out to be true, we might be seeing Jeff Bezos taking a cue from Zuckerberg and following the zodiac terminology, by launching something like Amazon Leo [AML] token in the future. It was not too long ago when the Gemini founders were hailed within the cryptocurrency space for their adoption efforts through their partnership with the payments start-up Flexa. Through this collaboration, the likes of Starbucks, Whole Foods and Nordstrom began accepting crypto, a major retail breakthrough for the industry. Despite the news being a month old, the Winklevoss twins adoption miracle is firmly in the rear-view mirror, with Facebook’s Libra stealing the limelight. With Libra soon to be operational, essentially as a basket-backed stablecoin platformed on the biggest messaging application in the world and, as rumors go, pushed into one of the biggest messaging, payments and remittance markets in the world, India, other stablecoins will have to be wary. Gemini, a recent entrant into the stablecoin space, will have a lot to worry about given the fact that the likes of Tether [USDT] and USD Coin [USDC] do not look likely to fall to Libra anytime soon. Only time will tell what the exact intentions of the Libra project are. Will they mount the retail world as a digital equivalent for fiat, will remittance be their sole objective given the target markets or, with an eye towards the growing $300 billion cryptocurrency market, will they overhaul the stablecoin world altogether? As Zodiac signs go, Gemini concludes on June 21. However, with the imminent launch of Facebook’s Libra, many predict the twins’ time has come. The post Winklevoss twins foresee FAANG coins in the future as Facebook’s Libra threatens Gemini’s market appeared first on AMBCrypto.

Mad Crypto: The stars show Libra is bad news for Gemini dollar

This post first appeared in Frank Chaparro’s weekly column “Mad Crypto,” which is sent to Genesis subscribers’ inbox every Monday morning.  The Winklevoss twins appeared on CBS Sunday Morning this weekend, days before their arch-rival, Mark Zuckerberg, gears up to announce Facebook's new cryptocurrency. And with poetic timing, Tyler and Cameron told CBS they aren't worried about the Libra coin launch. "There's so much pie to grow. At this point we need to be frenemies," one of the twins (pretty sure Tyler) said.  Still, there is one major piece of the twins' crypto empire that the Facebook coin will almost certainly eat into: the Gemini dollar (GUSD). Even if the twins won't admit it, there's no doubt that Facebook has been able to secure wide-ranging retail partnerships for its Libra stablecoin that Gemini could only dream of.  Stablecoins such as Tether and TrueUSD entered the market with a target clientele of traders looking for an easy way to trade out of volatile cryptocurrency positions into a stable crypto safe-haven, but the vision for GUSD was to be a form of digital cash, usable at major retailers. Gemini, however, has failed to ink any major deals with merchants beyond Flexa, whereas Facebook strikingly has already lined up dozens of partners pre-launch. As The Block first reported, Facebook has signed up retailers like Uber and Lyft as well as cryptocurrency firms like Coinbase and Xapo.  Indeed, the decline of Gemini dollars has been well-documented. Its market cap has fallen from $103 million to just around $20 million. Elsewhere, rivals Paxos Standard, USDC, and TrueUSD have all seen their market caps rise.  Still, the Winklevii, whose bitcoin rise and Facebook-fallout is documented in Ben Mezrich's "Bitcoin Billionaires," might find solace in the fact that Facebook's crypto launch could be bad news for the other US-regulated stablecoins on the market too. For instance, Circle has only just opened the CENTRE consortium behind its stablecoin USDC to public institutions. Meanwhile, Facebook already has a consortium of nearly 30 announced members lined up. And on top of that, Circle's main USDC partner, Coinbase, is spreading its bet as a member of Facebook's Libra Association too. Talk about ouch.  The only thing Facebook is missing is exchange listings but that will come as soon as its mainnet is launched. Indeed, it's already had discussions with Binance and Coinbase about listing its coin, which will be tied to currencies and bonds. Still, stablecoin king Tether might be safe from Zuckerberg's omnipresent grip. Tether's low friction, lenient-approach-to-KYC will likely not be disrupted by Libra, which I assume will have pretty strong KYC (the last thing Facebook wants is more brouhahas with regulators). Still, as regulated stablecoins go, they appear to have cracked the egg. 
The Block Crypto

Crypto Exchange Gemini On the Rise After CBS Airs Bitcoin Feature

On Sunday morning, the American public got another boost of exposure to Bitcoin (BTC) and crypto assets. Renowned New York-based outlet CBS released an extensive feature on the leading cryptocurrency, interviewing the Winklevoss Twins about their involvement in the space. As a result, the twins’ brainchild, Gemini, has gained some exposure, just as BTC has surged past $9,000 in a jaw-dropping turn of events. >Related Reading: Crypto CEO: Launch of Facebook Libra Could Boost Bitcoin (BTC) Past $10,000 Bitcoin Boosted by CBS On Sunday morning (Father’s Day), CBS aired an eight-minute segment on Bitcoin — the latest time a mainstream outlet has discussed the matter in depth. During the episode of the fittingly-named “Sunday Morning”, CBS contributors sat down with Tyler Winklevoss, Cameron Winklevoss, and Ben Mezrich (author of the “Bitcoin Billionaires”). Bitcoin coming to @CBSSunday tomorrow, w/ @winklevoss, @tylerwinklevoss & @benmezrich — Barry Silbert (@barrysilbert) June 15, 2019 The twins’ early involvement in Facebook and Bitcoin was discussed, with the anchor mentioning that he isn’t surprised that the so-called “Winklevi” have been at the head of two trends: social media and digital money. Simple Bitcoin concepts were mentioned, with CBS dubbing it “money that works like e-mail” and the twins accentuating that BTC has the potential to surmount gold. The anchor also mentioned Facebook’s impending cryptocurrency. It isn’t clear how many viewers the segment received, but this figure likely ranges in the single-digit millions — not bad. Interestingly, some have come out to criticize the report, which this writer thinks was mostly balanced. Prominent commentator and staunch Bitcoin bull American HODL remarked that the fact CBS claims BTC is “slippery and incomprehensible” is a bit irresponsible, in that the outlet is pushing “FUD” if you will. You see, as HODL explains, “just because you can’t comprehend it, doesn’t mean everyone can’t. Believe it or not, some of us actually get what’s happening here.” CBS news: bitcoin is slippery and incomprehensible. Just because you can’t comprehend it, doesn’t mean everyone can’t. Believe it or not some of us actually get what’s happening here. Low IQ. High time preference. A recipe for a terrible life. — AMERICAN HODL (@MericanHodl) June 16, 2019 Gemini on the Rise Seemingly as a direct result of this extensive report and Bitcoin rallying past $8,800 and $9,200 in rapid succession, regulated crypto exchange Gemini, which the Winklevoss Twins founded, has seen a nice spike in interest from the American public. As spotted by twin Cameron, the Gemini mobile app is “about to break into the top 20” in the Apple App Store for “Finance” applications. Bitcoin broke $9,000 and the @Gemini mobile app is about to break into the top 20 in the App store for #Finance apps! — Cameron Winklevoss (@winklevoss) June 16, 2019 This follows news that the Bitcoin-friendly Square Cash is on the top of the App Store, and the terms “Blockchain” and “Coinbase” have trended on the marketplace’s search bar. Mainstream Exposure is Back for Crypto This comes shortly after CBS’ “60 Minutes”, a world-renowned television program known for tackling tough issues and covering key trends, covered Bitcoin. In that segment, hosted by legendary television personality Anderson Cooper, CBS met with Federal Reserve Governor Lael Brainard; MIT Media Lab’s Digital Currency Initiative’s Neha Narula; cryptocurrency entrepreneur Marco Streng, who heads Genesis Mining; the ‘Bitcoin pizza guy’; and BitInstant founder and Winklevoss Twins collaborator Charlie Shrem to gain a fleshed out understanding of the nuances of the industry. Featured Image from Shutterstock Crypto Exchange Gemini On the Rise After CBS Airs Bitcoin Feature was last modified: June 16th, 2019 by Nick ChongThe post Crypto Exchange Gemini On the Rise After CBS Airs Bitcoin Feature appeared first on NewsBTC.
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Gemini news by Finrazor


Facebook is searching for talents, Bitmain closes its Israeli branch, Jeremy Henrickson leaves Coinbase, Gemini launches a mobile wallet for crypto traders, Opera adds a crypto wallet to its Android browser, Basis shuts down, the number of crypto users increases, Ethereum software client has published a new code, Ethereum-based Geth software releases update, UAE Exchange partners with Ripple, Revolut obtains a banking license

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It's not always all about the price

Twitter users turned a blind eye to the daily jumps of the rates and are trying to keep busy with other cases: reading Vitalik Buterin versus Coindesk, speculating whether Bitcoin will remain at all — this and much more in our weekly twitter-digest.

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Coin Source Will Bring Dai to Its ATM Users

Stable currencies are all the rage as of late, primarily because they aren’t prone to the price swings and volatility one often witnesses with mainstream digital assets such as Ethereum and Litecoin. If you want to invest in crypto but are nervous about the prospects, stable currencies could be the answer. Now, they’re earning an even larger boost through companies like Coin Source, a Texas-based operator of cryptocurrency ATMs. Coin Source Brings Stability to Crypto The venture recently announced that it would be adding the stable asset Dai to its many ATMs located throughout the southern United States this summer. The addition of the coin is “in preparation” for what the company calls a widespread remittance program, in which workers will be able to send money home to their families in the form of Dai or other cryptocurrencies that they can trade or sell. Travis Gough, chief product officer at Coin Source, comments: In remittances, people want to save as much value and they don’t want to be subjected to the high volatility that you’re seeing in bitcoin and other cryptocurrencies that can be very speculative. Price swings are a persistent worry in the crypto space, and likely never to leave enthusiasts’ minds fully. At the same time, it’s easy to suggest that currencies like bitcoin are suddenly easier to accept given these swings are now traveling north. Since April of this year, bitcoin has been enjoying a serious bull run, having jumped by nearly 200 percent in just the last three months alone. After a lengthy period of traveling through the doldrums at the mid-$3,000 range, the currency began its new string of price spikes last April with a sudden (and unexpected) jump to $5,000. The good news this time around is that bitcoin’s sudden behavior is likely being sparked more by market trends, which will make this bull run more stable than the one that occurred in 2017, reportedly the subject of manipulation by users of the stable currency tether. Along with bitcoin, currencies like Litecoin have also surged in price, heightening the crypto space’s present levels of legitimacy. A New and Improved Way to Send Money The Coin Source remittance service – which will at first be available to customers only in the United States – will allow ATMs to transfer Dai and other digital assets between wallets. Once a customer receives funds, they can forward them to the wallets of selected parties granted those parties have satisfied all of Coin Source’s know-your-customer (KYC) requirements. Receiving individuals can then confirm the funds and trade or sell them accordingly. All transactions occurring by way of Coin Source are recorded onto the Ethereum blockchain. At press time, the company operates more than 230 ATMs in nearly 30 states and in Washington D.C. The post Coin Source Will Bring Dai to Its ATM Users appeared first on Live Bitcoin News.
Live Bitcoin News

Amun AG Launches New Exchange-Traded Product With Data Provided By Bitwise Crypto Index

The fintech firm based in Switzerland, Amun AG, released its new plans to launch an exchange-traded product (ETP) using Bitwise 10 Select Large Cap Crypto Index as a benchmark. The Swiss SIX Exchange has already allowed several other ETPs to operate in the country. Amun AG Works On New ETP Bitwise Index Services has just […]
Bitcoin Exchange Guide

Chainlink (LINK) is launching on Coinbase Pro

Transfer LINK immediately into your Coinbase Pro account ahead of trading. Support for LINK will be available in all Coinbase’s supported jurisdictions, with the exception of New York State. Additional regions may be added at a later date.After 10am PT on June 26, 2019, we will begin accepting inbound transfers of LINK to Coinbase Pro. We will accept deposits for at least 12 hours prior to enabling full trading.Once sufficient supply of LINK is established on the platform, trading on the LINK/USD, and LINK/ETH order books will start in phases, beginning with post-only mode and proceeding to full trading should our metrics for a healthy market be met. Support for LINK will be immediately available in all Coinbase’s supported jurisdictions, with the exception of New York State. Additional jurisdictions may be added at a later date.Chainlink (LINK) is an Ethereum token that powers the Chainlink decentralized oracle network. This network allows smart contracts on Ethereum to securely connect to external data sources, APIs, and payment systems.Please note that LINK is not yet available on or via our consumer mobile apps. We will make a separate announcement if and when this functionality is added.The stages of this launchThere will be four stages to the launch as outlined below. We will follow each of these stages independently for each new order book. If at any point one of the new order books does not meet our assessment for a healthy and orderly market, we may keep the book in one state for a longer period of time or suspend trading as per our Trading Rules.We will send tweets from our Coinbase Pro Twitter account as each order book moves through the following phases:Transfer-only. Starting at 10am PT on June 26, customers will be able to transfer LINK into their Coinbase Pro account. Customers will not yet be able to place orders and no orders will be filled on these order books. Order books will be in transfer-only mode for at least 12 hours.Post-only. In the second stage, customers can post limit orders but there will be no matches (completed orders). Order books will be in post-only mode for a minimum of one minute.Limit-only. In the third stage, limit orders will start matching but customers are unable to submit market orders. Order books will be in limit-only mode for a minimum of ten minutes.Full trading. In the final stage, full trading services will be available, including limit, market, and stop orders.One of the most common requests we receive from customers is to be able to trade more assets on our platform. Per the terms of our listing process, we anticipate supporting more assets that meet our standards over time.You can sign up for a Coinbase Pro account here to start trading. For more information on trading LINK on Coinbase Pro, visit our support page.Chainlink (LINK) is launching on Coinbase Pro was originally published in The Coinbase Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.
The Coinbase Blog
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