As declines set in, Bitcoin hits the pause button around $11,000 after it had been showing notable movement. Amidst a building bearish momentum, Bitcoin is trading at $10,772. BTC/USD is likely to go below $10,000 and even touch last week’s lows at $9,469. Bitcoin’s has astonishingly hit the pause button …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.
The Cardano Foundation made an important announcement regarding the appointment of its Global Community head. The post will be headed by Alix Hyeowon Park. As per the announcement, her role would be on emphasizing the growth and implementation of new strategies of community management for supporting and educating the Global …Read More »
Bitcoin (BTC) as of writing this article was trading at $10,024.1 against the United States dollar (USD) and the coin was showing negative and download fall of -1.54 percent. The market cap of the coin was $170.876 billion United States dollar (USD) and the market supply of the coin was …Read More »
What is ethereum? Ethereum is basically a contract platform, conceptualized by vitalik buterin, which allows the development of decentralized applications. It happens to be a vital part in the domain of cryptocurrency as when conditions are met, it executes itself automatically. It is basically regarded as a pioneer for smart …Read More »
The cryptocurrency market is again suffering from the bearish correction. The top ten currencies are under the red signal again and the even many of the currencies in the market are under bearish pressure. Dogecoin is one of the most popular currencies in the market and has some real success …Read More »
What is a hedge? Here is how the definition goes: Investment position intended to offset potential resources or games that may be incurred by a companion investment In short when you do a hedge investment, you do any investment to minimize your loss or to reduce the risk involved in …Read More »
At the time of writing this article Bitcoin (BTC) was trading at $10,635.7 against the United States dollar (USD). The market cap of the coin was $189.6 7 billion United States dollars (USD) and the market supply of the coin was 70.8 million. The Bitcoin (BTC) buyers and traders believe …Read More »
After an attentive observation, one will undoubtedly agree to the fact Vechain is not at all having a great time in the market as of now. The crypto undoubtedly tried to maintain its position in the market and has been strengthing its thresholds for long. However, now it seems that …Read More »
The cryptocurrency market is experiencing ups and downs this week. Some of the currencies have experienced the bullish surge, but the market has again under the slight correction. The top ten currencies are under bearish pressure. Ripple (XRP) has shown some nice movements in this week and the value of …Read More »
As of writing this article Bitcoin was trading at $10.677.1 United States dollars (USD) and was going and upward and positive growth of 2.71 percent. The market cap of the coin was $190.40 billion United States dollars (USD) and the market supply of the coin was 17.83 million. Bitcoin (BTC) …Read More »