Gemini Exchange Building ‘Wrapped Filecoin’ for the Ethereum Network

wETH is the ERC-20 compatible and tradable version of ETH and can be used to interact with other ERC-20 assets. Traders who use the Ethereum network are familiar with the ERC-20 technical standard and have most likely traded and invested in tokens that utilize it. After all, its practicality, transparency and flexibility have made it the industry norm for Ethereum-based projects.As such, many decentralized applications (DApps), crypto wallets and exchanges natively support ERC-20 tokens. However, there’s one problem: Ether (ETH) and ERC-20 do not exactly follow the same rules, as Ether was....

The XRP network still appears to be innovating despite its regulatory woes. If all goes according to plan, Wrapped XRP (wXRP) will be coming to the Ethereum (ETH) blockchain next month, courtesy of Wrapped.com. The move is meant to enable Ripple (XRP) holders to interact with aspects of decentralized finance, or DeFi, such as executing smart contracts for use in borrowing and lending, swapping for altcoins, via their native tokens. Currently, the network can only handle sending, receiving and holding XRP.Wrapped tokens are digital currencies stored in a digital vault and run on a separate....

Gemini, the cryptocurrency exchange platform has announced its entry into Singapore and Hong Kong markets. Bitcoin’s growing popularity in the Asian region has prompted Gemini to open new offices in Singapore and Hong Kong. The renowned Bitcoin exchange, which is headed by the more-renowned Winklevoss Twins, confirmed today that it will be providing Bitcoin and Ethereum trading services to Singaporean and Hong Kong users. The decision, according to the company, is “a critical milestone in Gemini’s pursuit of building a global next generation digital asset exchange.” While Gemini is already....

Anchorage and Tokensoft have launched wFIL, a wrapping protocol allowing Filecoin to be used on Ethereum. Cryptocurrency infrastructure providers Anchorage and Tokensoft are teaming up to wrap FIL, the native token of decentralized file storage network FIlecoin, for use on Ethereum.The firms announced wFIL on Nov. 23, promoting its use in decentralized finance applications including Compound, Maker, and Uniswap. Filecoin ecosystem lead, Colin Evra, stated:“Wrapped Filecoin will enable some really creative DeFi products that create huge opportunities for Filecoin miners and storage....

The Gemini exchange, founded and operated by Tyler and Cameron Winklevoss has gained the approval from the State of New York via the Department of Financial Services to offer trading of Ether, the crypto-asset and token of the Ethereum network. In an announcement today, the New York State Department of Financial Services has given its approval for Gemini to offer trading of Ether, the native token of Ethereum. Gemini launched in October 2015 after gaining a charter to operate as a virtual currency exchange, without the need for a BitLicense whilst regulated as a fiduciary, granting it the....