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Tag Archives: Dollar

Gemini Custodian is Able to Alter or Reverse Gemini Dollar Transactions

The implementation of the recently launched Gemini dollar (GUSD) stablecoin can be completely changed by a Gemini custodian every 48 hours, according to a study authored by blockchain researcher Alex Lebed and crypto consultant Alexey Akhunov, published on Medium on September 11. In the research, the authors review the code of the GUSD’s smart contract in order to demonstrate that ...

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Ripple, R3 Reach Settlement in Multibillion Dollar Cryptocurrency Lawsuit

Blockchain companies Ripple and R3 have reached an undisclosed settlement on “all outstanding litigation,” putting an end to a legal spat involving a tranche of cryptocurrency tokens once worth as much as $19 billion. In a brief statement published on Monday, the San Francisco-based Ripple announced the settlement, stating that the terms would remain confidential. “R3 HoldCo LLC, R3 LLC, ...

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Winklevoss Twins Launch Their Stablecoin, The Gemini Dollar

Tyler and Cameron Winklevoss have received the regulatory approval required to issue their stablecoin, Forbes reported on Monday, September 10. The new stablecoin is known as the Gemini Dollar and is developed on the Ethereum blockchain. The Winklevoss twins will issue the stablecoin through their Gemini Trust Company, with each token being backed by one U.S dollar in reserve.The fiat ...

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Grayscale Makes Multi-Million Dollar Bet on Cryptocurrency ZEN

Grayscale Investments is making a $6.3 million investment in the cryptocurrency ZEN. The investment will be through a new fund whose entire focus is on Horizen, a small and relatively unknown platform that hosts a cryptocurrency, called ZEN. Grayscale Investments is best known in the cryptocurrency community for their Bitcoin Investment Trust (GBTC), which enables retail investors to gain exposure ...

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Andy Warhol’s Multi-Million Dollar Painting Tokenized and Sold on Blockchain

In a world first, an artwork worth millions of dollars has been tokenized and sold on blockchain. 14 Small Electric Chairs, a two-meter high painting by the late renowned American visual artist Andy Warhol, was sold on blockchain-based art investment platform Maecenas to 100 participants. Approximately US$1.7 million was raised in the cryptocurrency auction for a 31.5% stake of the ...

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Blockchain Startup Closes Multi-Million Dollar Funding Round Led by SoftBank, Baidu

Blockchain marketing platform Atlas Protocol (ATP) has concluded a seed investment round of several million dollars led by SoftBank China Venture Capital (SBCVC), according to an August 20 press release. The multi-million dollar investment round, whose final amount was not disclosed, also included participation by Baidu Ventures (BV), Danhua Capital, and Fenbushi Digital. Atlas Protocol was formed by Nebulas Labs ...

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Strong US Dollar, Not ICOs, Drove Recent Cryptocurrency Market Decline

The cryptocurrency markets experienced a slight pullback on Thursday but have more or less managed to maintain the midweek recovery that followed Monday’s massive sell-off. As CCN reported, some analysts attributed that decline — which affected ethereum to a far greater extent than bitcoin — to ICO-funded startups cashing out their capital before the market takes an even further dip. ...

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Bank of Montreal, Teachers’ Pension Fund Trial Canadian Dollar Debt Deal via Blockchain

The Bank of Montreal and Ontario Teachers’ Pension Plan have tested a Canadian-dollar debt deal using blockchain, Bloomberg reports August 15. In the pilot transaction, the bank is said to have sold $250 million Canadian dollars (around $190 million) of one-year floating rate deposit notes to the teachers’ pension fund, implementing blockchain tech to mirror the transaction. This is reportedly ...

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Crypto Exchange Cobinhood Launch Fiat Trading with US Dollar

Crypto exchange Cobinhood has announced today it is supporting fiat trading starting with the U.S. dollar from July 20. The exchange, known for its zero-fee trading, is endorsed by U.S. football player Richard Sherman. Cobinhood to Start Fiat Trading Cobinhood has begun a move into crypto to fiat trading, following regulatory approval. Trading pairs will start operating against the U.S. ...

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