More exchanges implementing market surveillance tools
The message from the SEC about what it needs to see before approving a Bitcoin ETF has been consistent. It wants markets that are manipulation resistant – either because the product itself is inherently resistant (Bitcoin isn’t), or because the exchanges make it so. Gradually the message is getting through.
The Gemini Dollar: A Regulated Stable Value Coin
The Gemini dollar is a cryptographic token that is (i) issued by a New York trust company, (ii) strictly pegged 1:1 to the U.S. dollar, and (iii) built on the Ethereum network according to the ERC20 standard for tokens. The Gemini dollar is a stable value coin that combines the creditworthiness and price stability of the U.S. dollar with the technological advantages of a cryptocurrency and the oversight of U.S. regulators. As an ERC20 compliant token, the Gemini dollar can be transferred on the Ethereum network. Gemini dollars are created at the time of withdrawal from the Gemini platform and redeemed or “destroyed” at the time of deposit into the Gemini platform.
Winklevoss twins launch new stablecoin – the Gemini Dollar
Ever since stablecoins were initially discussed as a liquidity and risk protection solution within the cryptocurrency ecosystem, the race has been on to build this supposed ‘Holy Grail’ digital asset. The Winklevoss twins join the fray today with their own offering, the Gemini Dollar. Backed by key players within the New York financial system, news of its release has made waves within the space due to its 'best of both worlds' sales pitch.
Gemini launches daily bitcoin auctions
Gemini Trust Company announced on Wednesday that it has launched "the first-ever daily bitcoin Auction." Currently, only BTC/USD trading pair is supported but the exchange plans to add ETH/USD and ETH/BTC trading pairs “in the coming weeks,” according to the [announcement](https://gemini.com/blog/introducing-the-first-ever-daily-bitcoin-auction/).
Institutional Bitcoin Exchange Gemini Prepares for Launch
The Winklevoss twins, best known for their dispute with Mark Zuckerberg over the idea for Facebook, will open their institutional bitcoin exchange ‘quite soon,’ according to a recent email.
