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Tag: Winklevoss Twins

Winklevoss Twins Announce U.S. Dollar-Backed Token Gemini Dollar

Category: Altcoins, Business, Exchange, Finance, News, Regulation

Winklevoss Twins Announce U.S. Dollar-Backed Token Gemini Dollar

On September 10, 2018, Winklevoss twins’ cryptocurrency exchange Gemini announced the launch of a new stablecoin, pegged by the U.S. dollar, dubbed the Gemini Dollar. “Strictly Pegged” to US Dollars The Gemini Dollar (GUSD) is an infant stablecoin that is claimed to be strictly pegged 1:1 against the U.S. dollar and is an ERC-20 token. Cameron Winklevoss wrote in a…

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New York Authorities Submit Proposal to Form Digital Currency Task Force

Category: Altcoins, Bitcoin, Blockchain, Business, Finance, News, Regulation

New York Authorities Submit Proposal to Form Digital Currency Task Force

The Bitcoin flag is firmly setting deep roots around the world, with authorities making swift moves to regulate the burgeoning digital assets sector. In a development on May 30, 2018, the New York State Assembly proposed launching a digital currency task force to evaluate the cryptocurrency and blockchain sector. Integrate Cryptocurrencies into Existing Financial Frameworks As per a proposed bill,…

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Winklevoss Twins are Bitcoin Billionaires Again, After Losing $440 Million

Category: Bitcoin, Business, Commentary, Finance, News

Winklevoss Twins are Bitcoin Billionaires Again, After Losing $440 Million

In 2013, when the price of bitcoin was just below $120, the Winklevoss twins poured more than $11 million into bitcoin, amassing about 100,000 bitcoins. One Day Rich, Next Day Richer On January 18, 2018, as the price of bitcoin plummeted below the $10,000 mark, which Bitfury vice chairman George Kikvadze described as the “psychological threshold,” the net worth of…

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Largest Options Exchange in U.S. to Launch Bitcoin Future Contracts

Category: Bitcoin, Finance, News

Largest Options Exchange in U.S. to Launch Bitcoin Future Contracts

The Chicago Board Options Exchange (CBOE), the largest U.S. options exchange with an annual trading volume of 1.27 billion contracts, is preparing to integrate and launch bitcoin future contracts and options for the public market. As a part of the integration, CBOE has entered into a multi-year exclusive global licensing agreement with Gemini digital currency exchange, which was founded and…

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