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Gemini Dollar

The Gemini Dollar stablecoin (GUSD) is a standout amongst the latest stablecoins to be released. The coin was issued on September 10, 2018, by the Gemini cryptocurrency exchange, which is driven by the Winklevoss twins. It is an ERC-20 token based on the Ethereum blockchain and as per its whitepaper, it is intended to be "entirely backed 1:1 to the U.S. dollar."

Since its value is attached to the U.S. dollar, Gemini is required to utilize a State Street bank to hold the USD resources and has gotten FDIC protection inside specific limits of confinement for their product.

What makes this stablecoin novel is that it will be regularly independently audited by BPM Accounting and Consulting. The audits will have the job of guaranteeing that Gemini is holding the equal measure of U.S. dollars for its GUSD possessions, and the aftereffects of each audit will be made public.

Top News

NewMall: A Pioneer in the Community Economy based on Blockchain

NewMall, a blockchain online retail mall developed by Newton team, will release on April 24, 2019. Newton is positioned as “infrastructure for the community economy.” The difference between the community economy and the traditional corporate economy lies in incentive models. In the latter, many participants add value to the corporation …

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Play CryptoSlots’ New Game for Cash Prizes of up to $1,250

Another game, another cryptocurrency, crypto casino CryptoSlots bring players even more ways to win. Open Season is their newest release. It boasts bright hunting graphics and bonus extras that pack a punch for online slot hunters. Players trigger big wins by shooting down Free Spins and scoring Mystery Cash Bonuses …

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US based cryptocurrency Exchange Coinbase filed to close its PAC

A request has been filed by Coinbase, the United States-based cryptocurrency exchange, which clearly demands to close its political action committee. As per the Federal Election Commission(FEC), who is the agency in charge of enforcing election laws, revealed that Coinbase PAC had nothing to with any distribution of the funds …

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