The cryptocurrency market is recovering from the bearish correction and currencies are moving in a positive direction. Cryptocurrencies such as Bitcoin, Ethereum, Ripple, Binance Coin, Bitcoin SV, Tron, Dogecoin and many other currencies value is surging with the bulls. If we talk about Dogecoin, the currency has lost around 7.7% …Read More »
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.
United States President Donald Trump’s tweetstorms have become a source of amusement and peculiarity among American citizens. From inventing a new word ‘covfefe’ to delivering unregulated threats to the country’s adversaries, Trump’s tweets seem to be a never-ending source of ridicule worldwide. The most newsworthy rants almost invariably felt improvised, …Read More »
There was a Congressional Hearing held raising the concern of Facebook’s upcoming cryptocurrency, Libra. The effects of Libra coming into the market will be game-changing so it was inevitable for a hearing to take place. Well, it wasn’t good news for Facebook as most of the US lawmakers’ stance on …Read More »
For Draper Indian leaders are “Pathetic and Corrupt” to Ban Bitcoin, contrarily #IndiaWantsCrypto trend got viral in India
With the continuous news reports about the ban of all cryptocurrencies except sovereign token from the Indian government’s stance and the news being spread all over social media, controversy start rolling underneath of the viral fact. Myriad people have a varied variety of opinion, Tim Draper, Billionaire venture capitalist is …Read More »
The Chief Technology Officer of Ripple, David Schwartz said that Amazon and Uber should utilize virtual assets such as XRP for their cross-border payments. He said that this will be the best solution for the small-ages payments that numbered in thousands and this will be best because of their corporate …Read More »
On Tuesday, Democratic and Republican lawmakers said that Facebook Inc’s achievements from what they describe as unreliability should prevent the launch of digital currency, indicating the plan as “delusional” and “crazy” at the Senate hearing. Facebook struggles to find Washington after shocking regulators and lawmakers with its announcement on June …Read More »
Grayscale Investments, a well-known digital asset management fund, grabbed the attention of the entire market as it recently recorded an all-time high volume of assets within the management of $2.7 billion. Well, speaking about the exact facts and figures in mind, it was recorded by the Digital Asset Investment Report …Read More »
Facebook’s Libra cryptocurrency is soon to be launched, but the federal officials doesn’t seem to be satisfied with it as they are concerned about the prospect of being used to comply with anti-money laundering rules and the financing of other illegal activities. The draft legislation on the House Financial Services …Read More »
Today cryptocurrency market is again experiencing changes in values of the currencies and the most important thing is that Ripple has again in the good position as it finds powerful purchasing pressure in the $0.20 high region, which is milestone region of firm support for the XRP. After reaching in …Read More »
If we talk about politics and bureaucracy, Russia is one of the most dominant countries in the world. On the contrary, Russia has the 12th largest economy which results in decreasing its value among the dominant countries. Talking about economics, the United States is the top leader among all and …Read More »