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.
Getting real — Why SEC approval of a Bitcoin ETF remains a huge hurdle
Another refusal by the SEC for the ProShares ETF reveals that ‘getting to yes’ will be much harder than most people realize — and that the potential for market manipulation continues to be the major stumbling block for a Bitcoin ETF approval
Bitcoin ETF in 2017? A Look at Potential Impact and Probability
After years of work and investor anticipation the rule change necessary to pave the way for the Winklevoss Bitcoin ETF will see a final decision from the SEC by March 11. Overall, we think that the listing of a bitcoin ETF would have a profoundly positive effect on the price of bitcoin not only because of the resulting asset inflow but also because of concurrent shifts in perception and regulatory risk. Overall, however, we think the probability of approval is very low. Taken together, we think the positive effect that a bitcoin ETF would have on the price of bitcoin is vastly underappreciated and that the probability of approval is drastically overestimated within the industry.
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/).