Is Gemini Off to a Rocky Start?
The Winklevoss Twins always have something going on. With their New-York based bitcoin exchange Gemini (which debuted earlier this month on October 8th), publicity has practically marched into their laps. It was amongst the first of only a small handful of bitcoin companies to earn approval from the New York Department of Financial Services (NYDFS) following the integration of the long-dreaded BitLicense, first brought to light through the actions of former Big Apple Superintendent Benjamin Lawsky. Cameron and Tyler have also revealed plans to take Gemini further by making it a national....
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The Gemini Exchange in New York has taken a rocky path over the years. Thus far, trading patterns enjoyed by Gemini have been nothing to brag about, with this weekend hitting particularly low marks (less than 100 bitcoins were traded within a two-day period). The company recently announced the addition of daily bitcoin auctions to try and increase digital currency awareness, but they have done very little to get the ball rolling. The company has made headway since it first arrived at the scene. Recently, news was announced that Gemini would expand its services to both Japan and South....
On November 15, 2020, the Bitcoin Cash blockchain experienced a network upgrade and a bifurcation of the chain as well. While the Bitcoin Cash network continued on smoothly, the ABC pro infrastructure funding plan (IFP) side of the chain had a rocky and extremely slow start. Since the 15th, the nameless ABC chain has seen 197 blocks processed to-date, as a few miners are pointing hashrate at the network keeping the new blockchain going. Just recently Bitcoin Cash (BCH) endured a network upgrade and a consensus split when the full node project Bitcoin ABC decided to keep the IFP baked into....
It’s been seven months since the grand opening, and digital currency exchange Gemini already seems to be making a few enemies. Gemini is the brainchild of Tyler and Cameron Winklevoss. Earning fame through their lawsuit against Facebook mogul Mark Zuckerberg, they have gone on to build solid names for themselves in the arena of bitcoin and digital currency. Gemini has many benefits, a big one being that it qualifies as a fiduciary and offers FICO insurance like a standard financial institution. In light of cyber-attacks on fellow platforms such as Bitstamp, Gemini offered the security that....
What makes Canada so appealing for exchange platform operators is how there is no specific regulation in the country. Ever since the Winklevoss twins launched their Gemini exchange platform, things seem to have quieted down quite a bit. Until earlier today, that is, as the company announced it will expand its business to Canada. Further international expansion is planned as well. The Winklevoss twins are synonymous with Bitcoin and cryptocurrency. Both Cameron and Tyler are firm believers in the future of Bitcoin, and they have shown keen interest in the concept for several years. They....
The exclusive United States specific bitcoin exchange, Gemini is one step closer to beginning its operations from New York. The company founded by Tyler and Cameron Winklevoss, better known as the Winklevoss Twins has filed the necessary paperwork with the New York State Department of Financial Services. According to Gemini's spokesperson, the Winklevoss twins are said to have completed the formality of filing the trust application with the government so that they can start operating as a trust company. A trust company, according to the definition of the State of New York is a financial....