Bitwise: 95% Of Reported Bitcoin Trading Volume Is Fake

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Bitwise: 95% Of Reported Bitcoin Trading Volume Is Fake
While many use CoinMarketCap as a go-to resource for cryptocurrency market data, roughly 95% of Bitcoin trading volume reported by this website is fake, according to Bitwise Asset Management report.
Bitwise: 95% Of Reported Bitcoin Trading Volume Is Fake

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Source: CoinSpeaker

Gemini is going to be as successful as Amazon in 10 years, says Bitcoin billionaire

Cameron Winklevoss and Tyler Winklevoss, aka the Bitcoin billionaire brothers, spoke about their start in the cryptocurrency space and Gemini’s future, in an interview with The Daily Telegraph. The Winklevoss brothers also spoke about Facebook Coin, the cryptocurrency that will be launched by Facebook.
Cameron Winklevoss had stated that they were first made aware of cryptocurrency in 2012, during their holiday in Ibiza, reported uToday. The report further stated that the brothers were asked whether they knew about “secretive virtual money”, which was traded only by a few over the Internet. Post this, the brothers decided to invest the money they had made via Facebook after they realized that crypto could be a make-or-break-it investment.
Furthermore, the brothers spoke about the looming Bitcoin bear market, which slashed the valuation of BTC by over 80%. On this, Tyler stated that they do not keep tabs on Bitcoin’s price on a daily basis. They added that they are “still doing better”, taking into consideration that they had invested in the largest-cryptocurrency when it was trading at around $18.
This was followed by Cameron suggesting that investors who cannot deal with the price movements should rather stay away from investing. He also stated that the exchange launched Gemini “would be as successsful as Amazon in ten years”, reported uToday.
When asked about Facebook’s move in the cryptocurrency space, Tyler stated that it is “cool”. Whereas Cameron stated that this would be “a really positive thing” for the cryptocurrency space.
On the same subject, the brothers had previously stated:
“Money is the oldest social network and arguably the strongest and crypto is potentially one of the strongest networks of value ever in the world and will continue to do so. So, hopefully, pioneers in that space to some extent.”
The post Gemini is going to be as successful as Amazon in 10 years, says Bitcoin billionaire appeared first on AMBCrypto.
Source: AMB Crypto

Gemini Exchange’s Cameron Winklevoss: Crypto-winter will lead to lasting innovations

Proponents of the cryptocurrency market never fail to make a splash in the cryptosphere, with many speaking about the future of the field, and the implications of existing technologies. In a recent blog post, Cameron Winklevoss, the Co-founder of the popular cryptocurrency exchange Gemini, spoke about the maturity of the market and the growing interest in cryptocurrencies, among people.
He stated,
“…The crypto market has matured significantly since then. Bitcoin’s value has gone from around $400 to $4,000 today. As crypto has grown up a lot, so has Gemini. We’ve grown from 25 to 200 employees and celebrated many achievements over the past three years, culminating with our recent mobile app launch.”
Winklevoss claimed that the brightest people were flocking towards the field of cryptocurrencies, with the aim to build on the decentralized, permissionless, and open system. He further said that previously, the industry was a “niche,” but it is now becoming something bigger and better.
In his words,
“Trust is the gap. Despite the enthusiasm, there remains much more work to be done to change the public perception of crypto. Recent events like the losses at QuadrigaCX have harmed a lot of people and caused reputational damage for our industry at large.”
The Gemini President added that the ongoing crypto winter will lead to lasting innovation, as the hype of late-2017 hid a lot of bad projects in the hype. Right now however, every single project needed match up to a certain standard. According to him, products built in today’s time would “shape what money looks like tomorrow.”
The Winklevoss brother were previously in the news after Tyler Winklevoss claimed that “every Bitcoin issue has never been a Bitcoin problem.” He touched upon the advantages that crypto and its technology possessed, and at the same time, debunked claims that Gemini was self-regulated. He said,
“The protocols have rules based on math and cryptography but the rule what we are taking about is the humans who deal with the value on top of the protocol. So, we are a trust company regulated as a trust company to protect your value and that’s usually where the cons happen, it’s not at the protocol level, it’s at the company level.”
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Source: AMB Crypto

Winklevoss Twins Bash at SXSW Conference – Bets higher on Bitcoin Citing Trust is the Gap

Gemini, a New-York based cryptocurrency exchange is quite famous to promote the regulations for crypto across the street of Newyork as a means of promoting the crypto adoption and Gemini’s exchange. The twin founder of the Gemini exchange recently marked their presence at SXSW conference and discussed why they think Bitcoin will replace Gold and how will they build trust and longevity among the masses.
Interest is at tipping out
Despite the market running on the way out, Gemini’s Twin brothers are betting high on the future of Bitcoin. During an ongoing South by Southwest (SXSW) conference in Austin, Texas, founders of the famous exchange, Gemini publicized that the interest of younger generations is gravitating towards the cryptocurrency market. As such, they see Bitcoin’s potential will kill Gold.
Cameron Winklevoss took the stage and discussed;
“The only thing that’s truly precious, in my mind, is bitcoin. If you tell that to someone who’s my parents’ age, they’ll probably look at me and tell me I’m crazy, and I’m willing to accept that. But you talk to someone who’s playing Fortnite and say, okay, two options, bar of gold or the equivalent in bitcoin, they are 10 times out of 10, 100 times out of 100, going to take the bitcoin. They want software, they don’t want hardware.”
Gemini since 2016 (the first SXSW event held) has outgrown their staff from 25 to 200, explaining their experience of the event, Gemini exchange noted in their latest medium blog – the interest in cryptocurrency is at tipping out. The blog’s most interesting section reads that the crypto in 2016 was niche, today it is something – and tomorrow it will be everything.
Look no further than the packed house we saw from the stage — the energy and excitement around crypto’s future were palpable — money has a future. Perhaps more importantly, the level of engagement and thoughtful questions posed by the audience on topics such as stablecoins, mining, financial disruption, scalability, and others, demonstrates that cryptocurrency is in fact no longer a fringe technology.
Gemini Exchange to Build the Trust Gap
Speaking about the trust and regulated scenarios for a trading business like Gemini exchange, the blog mentioned an instance of Bitcoin. It says, buying Bitcoin in the year 2012 was quite risky because security was the essence and consequently holding such crypto asset safely is harder. With this, Gemini exchange is stepping towards solving the security issue and they believe the issue can be ‘solvable’ and it’s not intractable. Adding that, Gemini trading platform is continuously striving to build trust among the large crypto communities.

“One of our core values is conviction & the other is the long game. We have conviction in the asset class & are playing the long game, building a centurion that will last 100 years. We are not going for unicorn status, we are trying to build trust and longevity.” #sxsw #crypto pic.twitter.com/WBogFAESe7
— Gemini (@Gemini) March 9, 2019

Gemini exchange’s promotional strategy is different than what other exchanges follow – they often go to the street, educating people about their product, trading method and sometimes running an Ad campaign with bulletins of ‘Crypto Needs Rules’ on the Wall Street Journal (WSJ). They confidently claim regulations in crypto will be a better move – as such, they focusing on ‘regulated markets thrive.
The healthiest markets in the world are also the most thoughtfully regulated. It’s hard to point to a market today that’s thriving that isn’t rules-based or governed by some level of regulatory oversight. The blog adds Some argue that the protocols themselves have enough “rules.” We agree, but protocols only govern the movement of funds inside systems; they don’t provide controls or oversight for the entrepreneurs and companies that build on top of them. Every crypto incident to date has been a company (or human) problem, not a crypto problem.
The post Winklevoss Twins Bash at SXSW Conference – Bets higher on Bitcoin Citing Trust is the Gap appeared first on Coingape.
Source: CoinGape

Cameron Winklevoss elaborates why cryptocurrency revolution is in dire need of rules

Winklevoss twins are among the prominent players who have contributed to the crypto revolution with the stablecoin Gemini USD and the upcoming exchange, Gemini. The twins addressed a topic that is somewhat a pariah in the cryptocurrency ecosystem, rules.
The twins launched a campaign not so long ago regarding “the revolution needs rules”, which received mixed feelings from the community as some people pushed it back while others understood the need for rules. In a recent tweet, Cameron Winklevoss addressed the same topic. He stated:
“Some have wondered why @Gemini believes the Revolution Needs Rules. Answer: Crypto doesn’t need rules, but the companies built on top of it do. See excerpt from court-appointed monitor’s (Ernst & Young) third report filed in Nova Scotia Supreme Court re: QuadrigaCX matter”
He clarified this in a subsequent tweet with the example of QuadrigaCX. The exchange allowed the editing of its internal ledger to move customer funds into new accounts. Insiders were even allowed to move these funds and trade with them.
Cameron tweeted:
“Every incident in crypto to date has been/would have been PREVENTABLE w/ proper rules and thoughtful regulation… Regulatory oversight = making sure people do what they say they’re going to do.”
There have been a large number of exchanges that have used users’ funds for personal profit and insider trading. The recent death of the CEO of QuadrigaCX exchange proved that the crypto revolution needs rules to keep such corporations and entities on track.
@jStepahnop1, a Twitter user, commented:
“Insider manipulation definitely needs to be stopped on crypto exchanges for sure and commend you guys for your work in that department, as long as it does not filter down to inhibiting the inherent freedoms crypto provides for everyday people”
@cryptomanusa, another Twitter user, added:
“Why so against Craig Wright? He appears all about the rules. I have seen zero proof of scamming rather significant intelligence with possibly an annoying personality.”
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Source: AMB Crypto

Winklevoss Twins: Crypto Hype at SXSW Offers Investors a Bullish Case for the Markets

Ever since Bitcoin and the entire crypto markets went spiraling downwards in late-2017 and early-2018, investor’s sentiment has grown to be strongly linked to price action, and as such, the sentiment of most neophyte investors that have been burned by the persisting bear market remains in the gutter.
Despite this, the sheer amount of hype and excitement surrounding the nascent markets and technologies at the on-going South by Southwest (SXSW) conference in Austin, Texas, may be a signal that excitement for the markets is still flowing through the veins of investors, regardless of how well various cryptocurrencies are trading.
Winklevoss Twins: Interest in Crypto is at a Tipping Point 
Cameron and Tyler Winklevoss – the founders of the popular cryptocurrency exchange Gemini – have sat at the forefront of all noteworthy crypto-related discussions at the SXSW conference, and recently discussed the notable revelations stemming from the revered and highly publicized conference.
One of the many interesting sections of the Medium post written by the twins is titled “Interest is at a tipping point,” and explains how the packed house, combined with the level of audience engagement, signals that investors are still incredibly engaged with the technologies and the industry as a whole, regardless of whether or not the markets are offering them colossal returns.
“Look no further than the packed house we saw from the stage —the energy and excitement around crypto’s future was palpable — money has a future. Perhaps more importantly, the level of engagement and thoughtful questions posed by the audience on topics such as stablecoins, mining, financial disruption, scalability, and others, demonstrates that cryptocurrency is in fact no longer a fringe technology,” they explained.
Because the technology’s user base is growing by leaps and bounds, it does seem as though the markets may be seeing the first glimpse of true maturity, which is typically found in markets that have constant, stable growth, paired with an enthusiastic user-base.
Will the Crypto Winter Lead to Increased Innovation? 
There is a widely held belief that bear markets are actually the best market conditions to grow a business in, as it requires companies and projects to buckle down and focus on innovation, rather than simply chasing dollars at the cost of innovation.
The twins elaborated on this sentiment in the blog post, explaining that the quality of projects being developed has never been higher.
“In times like 2017, when mania overshadows discipline, everything seems like a good idea. Today, the quality of projects and entrepreneurs pursuing them has never been higher. We are all forced to make thoughtful decisions and trade-offs, which we believe will ultimately lead to better results for our industry as a whole,” the Winklevoss brothers bullishly noted.
As the industry continues to grow, and projects – like Gemini – continue to improve the ecosystem, it is likely that the markets will eventually follow suit and catch up to the industry’s developments.
Featured image from Shutterstock.
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The SEC Could Approve the First Bitcoin ETF in 2019

CoinSpeaker
The SEC Could Approve the First Bitcoin ETF in 2019
Professional crypto trader and writer Bill Adams takes a look the biggest developments in the Bitcoin ETF saga, unveiling the chances for eventual ETFs approval in 2019.
The SEC Could Approve the First Bitcoin ETF in 2019

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Source: CoinSpeaker

“Every Bitcoin issue has never been a Bitcoin problem,” says Gemini’s Tyler Winklevoss

Cameron and Tyler Winklevoss, the Bitcoin billionaire brothers, spoke about their marketing campaign for the recently launched Gemini mobile app, during a discussion panel at SXSW Conference.
The discussion began with Cameron Winklevoss briefly speaking about Gemini. He stated that Gemini was a cryptocurrency exchange and a custodian, and that its services can either be availed on Gemini.com or on the iOS App store/Google Play.
This was followed by Tyler speaking about what Bitcoin and other cryptocurrencies were in relation to checking accounts or cash. Tyler stated that the Bitcoin and other cryptocurrencies were “money built for the internet,” while cash and checking accounts were built by the bankers before the internet.
He further added that “cryptocurrency is money over ideas, data packets over the internet” that allows users to send value as easy as email. Tyler said,
“Using the same type of mechanisms of computer’s taking to each other that email uses […] this was built by the same type of engineers that built the internet not bankers before the internet.”
Furthermore, the twin brothers were asked about the recent marketing campaign for the Gemini App, which caught the attention of the entire space. The platform opted for advertising slogans connected to cryptocurrency space such as “Crypto without chaos,” “The Revolution needs Rules” and “Money has Future.” This campaign resulted in the entire space criticizing the exchange, with several stating that it was self-regulatory. Tyler Winklevoss said,
“The protocols have rules based on math and cryptography but the rule what we are taking about is the humans who deal with the value on top of the protocol. So, we are a trust company regulated as a trust company to protect your value and that’s usually where the cons happen, it’s not at the protocol level, it’s at the company level.”
He went on to say that they were looking to bring rules for entrepreneurs building companies that store digital assets and secure its value, adding that “every Bitcoin issue has never been a Bitcoin problem.” The co-founder said,
“It was a company built on top of Bitcoin, like Mt. Gox  or recently there was a Canadian exchange that lost the private keys in a murky way because there’s not enough internal controls, there’s not enough regulatory oversight and usually in financial market if you build trust by having regulatory oversight, someone looking over your shoulder, making sure you do what you do.”
The post “Every Bitcoin issue has never been a Bitcoin problem,” says Gemini’s Tyler Winklevoss appeared first on AMBCrypto.
Source: AMB Crypto

Bitcoin [BTC] billionaire: Healthiest markets outside of crypto are most thoughtfully regulated

The Winklevoss brothers aka Bitcoin billionaire brothers, Cameron and Tyler, spoke about the reason why regulation is important for the space, taking into account the infamous Mt. Gox hack and the recent QuadrigaCX incident over lost keys. These topics were discussed during a panel discussion at the SXSW Conference.
Tyler Winklevoss, the co-founder of Gemini, a leading cryptocurrency exchange platform, remarked that there have been problems relating to Bitcoin, such as Mt. Gox, because of the lack of internal control and regulatory oversight. He also stated that they wanted to introduce rules for companies that are engaged in dealing with people’s cryptocurrency.
This was followed by the Bitcoin billionaire stating that the financial market built trust with the help of regulatory oversight as there was a body ensuring that enterprises play the role that they promised. Furthermore, he claimed that Gemini was examined by the New York Department of Financial Services at least once a year, with the latest examination dating back to six weeks. He asserted that this process was similar to that of an audit, which ensures that there are “both layers of checks and balances”. He said:
“[…] and that’s what regulation brings and that’s worked really well in financial markets. And, the healthiest markets in the world today outside of crypto are the ones that are the most thoughtfully regulated like the U.S equities market.”
This was further discussed by Cameron Winklevoss, who stated that the US equities market was “probably the most regulated market” in the world. He added that there is not a market that is thriving without rules and that a successful market without regulatory oversight “just does not exist”.
Furthermore, Cameron spoke about his perspective on the Mt. Gox and QuadrigaCX incident. He stated:
“We ended up buying a lot of Bitcoin on Mt. Gox. So, we kind of grew up in the wild west of crypto, experienced it first hand, and we also have a store of crypto and we basically took our private keys cut them into pieces and store them in secure locations all over the country […] but we’re like most people aren’t gonna do that if they get into cryto.”
He went on to say that buying Bitcoin from Mt. Gox was a “scary” experience as they had to then figure out where and how to store it. He said:
“It’s like once you have the gold bars, you have to then secure it, and if you store it in your house that’s kind of scary because you got to buy a safe and people trying to rob your house.It was a scary time and it kind of informed us like in order for this thing to grow, we’ve got to basically build trust. Gemini’s product is really trust, like trust is our product.”
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Source: AMB Crypto

Not Facebook, Cryptocurrency Will be The Strongest Social Network: Cameron Winklevoss

Billionaire Bitcoin investors and founder of the Gemini Trust Company, Tyler and Cameron Winklevoss are the forerunners of the Bitcoin industry. Their conviction towards ‘decentralized economy’ with Bitcoin and cryptocurrency is strong and unmoved.
Since 2014, the twin entrepreneurs have tried to come up with a secure Bitcoin and cryptocurrency exchange platform. However, the regulations around cryptocurrency have only improved slightly over the past years with still a long way to go.
Gemini is the Most Regulated Cryptocurrency Exchange Platform in the World
Nevertheless, the twin’s claim to have created the “most regulated” cryptocurrency exchange platform of the world. It had achieved the SOC 2 review as per the American Institute of Certified Public Accountants (AICPA) guidelines. Gemini Trust currently seeks SEC approval to introduce a Bitcoin ETF.
Gemini Trust is the world’s first cryptocurrency exchange and custodian to demonstrate this level of security compliance in protecting customer data and funds.
In a recent interview, Tyler Winklevoss claimed that their primary “Product is trust.” The twins also expressed that there were various roadblocks in creating such a system. However, they have mitigated the risk for its users by learning from their and other people’s mistakes in the crypto-sphere.
In an attempt to increase the feasibility of the use of cryptocurrencies, the twin’s are driven to become the ‘safest cryptocurrency custodians for the people.’
Last but not least, Cameron commented on their controversial stand with Facebook:
According to him, “Money is the oldest social network and arguably the strongest; And crypto is one of the strongest networks of value in the world”
So they wish to become ‘the pioneers of that space’
The post Not Facebook, Cryptocurrency Will be The Strongest Social Network: Cameron Winklevoss appeared first on Coingape.
Source: CoinGape

Winklevoss’s Twin Conviction Towards Bitcoin Becomes Stronger Than Ever

Billionaire Bitcoin Investors and founders of Gemini Trust, Tyler and Cameron Winklevoss, recently addressed the on-going issues related to ‘protection of cryptocurrency wallets’ and ‘delayed regulations.’
‘Carcasses on the road of Crypto’
The security, feasibility of access and regulatory approval around an asset class, determines the FUD (Fear, Uncertainty, and doubt) characteristics around the pattern. Bitcoin was conceived to address the problem of centralized banking which holds controls over the funds of their customers.
However, ever since the Mt. Gox hacks in2011, it became apparent that the exchange which holds the private key for their customers are no different than the banks which act as custodians of their user’s funds. Recently, eight years after the hack, and numerous frauds and Ponzi schemes the demons of centralized exchange have come to surface with the QuadrigaCX issue.
The sudden death of the CEO of the Canadian Exchange, who was the sole holder of the private keys of the exchange’s cold wallet has unfortunately locked the funds of thousands of users. The total amount of the funds secured in cold wallets is approx $190 million.
“There are a lot of carcasses on the road of crypto that we’ve seen and learned from,” Cameron Winklevoss said Friday at the South by Southwest conference in Austin, Texas. “At the end of the day it’s really a trust problem. You need some kind of regulation to promote positive outcomes.”

“With a #crypto address and a smartphone, all of a sudden you are in the system. We are really just trying to extend the financial system, so you can send dollars anywhere in the world.” Our President Cameron @winklevoss on reaching the 1 billion people who unbanked #SXSW2019 https://t.co/VZk9fxwayQ
— Gemini (@Gemini) March 9, 2019

Not Deterred from their Original Goal 
Winklevoss Twins support cryptocurrency and eventually found the Gemini Trust to provide an efficient payment system to the 1 billion ‘non-banked’ people of the world.
“With a crypto address and a smartphone, all of a sudden you are in the system,” he said. “We are really just trying to extend the financial system, so you can send dollars anywhere in the world.”
However, the systems around the blockchain and cryptocurrencies which are the end providers of access to Blockchain including Bitcoin must be diligently designed to address unforeseen circumstances as well. The community has suggested that multi-signature wallets and personalized education around public and private keys is the best way to go.
The twins also reaffirmed their conviction towards the revolutionary economic system,
“You want to have a couple of layers of checks and balances,” Tyler Winklevoss said. “We are here for the long haul.”
The post Winklevoss’s Twin Conviction Towards Bitcoin Becomes Stronger Than Ever appeared first on Coingape.
Source: CoinGape

Access to Thousands of Institutions: Gemini Crypto Exchange Partners With British Telecom

Winklevoss brother’s crypto exchange Gemini has recently partnered with the financial and infotech services arm of British Telecom in a deal that will open the doors to thousands of exchanges, brokers and fintech institutions.
BT Cloud Broker Community Gets Crypto
In a press release the British multinational telecommunications company announced that New York based leading cryptocurrency exchange and custodian Gemini Trust LLC has joined the BT Radianz Cloud. The UK’s largest telecoms provider has operations in 180 countries globally and serves multinational organizations around the world with security, cloud and networking services via Radianz.

According to the release the move will provide Gemini access to one of the world’s largest, secure networked financial cloud communities with members spanning 50 countries. It continues to state that the network consists of thousands of brokers, institutions, exchanges and clearing and settlement houses. The partnership will provide community members access to the growing cryptocurrency market.
The collaboration will grant BT Radianz members access to Gemini’s trading and investment platform via a secure and professional environment, which is paramount for institutions. According to the BT Radianz website it has already made strategic partnerships with several industry giants including Microsoft, Cisco, Dell, Oracle, Symantec, and Amazon Web Services.
Chief information officer at Gemini, Nick Vigier, praised the move stating “This strengthens our institutional investor connectivity and helps us better scale our offerings in this space,”
The potential for new institutional clients through this collaboration is huge. BT already have decades of experience in the technology and communications sectors and Gemini will be bringing their crypto knowhow to the table. Michael Woodman, managing director of BT Radianz, added;
“Global financial institutions have very specific requirements about the performance, resilience and security of the infrastructure over which they trade. They expect stringent service levels and will only do business under trusted commercial frameworks that help them to meet their own contractual and compliance requirements. This can make it difficult for small or new service providers to grow. By joining the Radianz Cloud, Gemini achieves the reach and scale demanded by global institutions and benefits from an established framework for doing business with them.”
2019 The Year Institutions Enter Crypto
According to the CME profile page, BT Radianz partners consist of banks, corporates, intermediaries, hedge funds, asset managers, proprietary trading firms, and service providers. Radianz is a single, resilient and secure network engineered for the exacting demands of the international financial markets industry with over 400 providers of services crucial to today’s global fintech requirements. Cryptocurrency has now been added to that list.
Despite current market woes, 2019 has been slated by many as the year that institutions enter the crypto world. Partnerships such as this one are a sure sign that this is already starting to happen.
Image from Shutterstock
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Brazillian Bank Partners With Gemini Crypto Exchange – Aims To Use Regulated Stabelcoin

Gemini cryptocurrency exchange, led by American rowers and Internet entrepreneurs – Cameron and Tyler Winklevoss are on bulletins again. As per the latest report, a Brazilian bank ‘BTG Pactual’ intends to utilize ‘Gemini dollar’ by partnering with Gemini cryptocurrency exchange.
Bank Step Ahead with Digital Token
Per the reports and the statement by CEO Tyler Winklevoss, the Banco BTG Pactual (a Brazillian investment bank) aims at utilizing ‘U.S.dollar backed stabelecoin which is a Gemini dollar introduced by one of the largest trading platform – the Gemini exchange.

“The tokenization of real assets is a major step forward in the evolution of the #crypto economy. Working w/ BTG Pactual to leverage GUSD as the stablecoin for ReitBZ helps move the industry in the right direction” – our CEO @tylerwinklevoss via @coindesk https://t.co/m2cllDY6HV
— Gemini (@Gemini) February 22, 2019

With this initiative, the bank steps ahead to raise millions of dollars via security tokens offering. Particularly, it targets $15 million and further plans to establish a ‘secondary market’ to serve better liquidity to the tokens. The essence of Bank offering tokens is that ‘it enables investors to contribute to the Brazilian real estate market’ wherein the international investors can purchase their native token called ‘ReitBZ (RBZ).
“The technology associated with this offering allows us to be a pioneer in providing access to asset classes that have historically been difficult for global retail investors to access. We are constantly exploring innovative ways to promote, democratize and encourage the development of financial and capital markets.” Said Bank CEO – Roberto Sallouti,
So inconsequent to the partnership, Gemini dollar will be the stablecoin for Bank’s ReitBZ. To note, Gemini is already a regulated platform and quite often encourage regulations via their promotional strategies. Furthermore, the bank with the collaboration would receive investment capital and ‘distribute dividends on ETH blockchain platform. It said that the Bank would work in compliance with possible AML and KNY requirements as well.
Addressing the similar context, Gemini CEO Tyler Winklevoss said;
“The tokenization of real assets is a major step forward in the evolution of the crypto economy. … Working with BTG Pactual to leverage the Gemini dollar as the stablecoin for ReitBZ helps move the industry in the right direction,”
What do you think about BTG Pactual Banks’ collaboration with Gemini exchange? share your opinion with us. 
The post Brazillian Bank Partners With Gemini Crypto Exchange – Aims To Use Regulated Stabelcoin appeared first on Coingape.
Source: CoinGape

Bitcoin Exchange Popularity Sees a New Trend, Diar in its Astonishing Report

Despite bear markets, crypto exchanges did enjoy success in 2018 making it as a record year. While 2019 is anticipated to bring fortunes back to cryptos, the exchanges have started the new year with some nervousness as the trading volumes have begun to collapse. While Binance’s Bitcoin/USD volumes slashed by around 40%, Gemini and Coinbase also have reported some sluggishness.
Is the popularity of crypto trading decreasing?
According to the recent report released by Diar research, Cryptocurrency exchanges have begun 2019 on a slumber note as trading volumes of nearly all major exchanges have hit new lows in January, which was something that was not seen since 2017. One of the first reason that comes to the mind for this drop-in volume is the lack of volatility so far this year, which has kept traders away, who enjoyed making quick bucks riding the huge price movements. If this continues, exchanges could soon hit a new plateau after coming from the record-breaking year of 2018.
While the plateauing of growth is seen across exchanges, Binance draws special attention where the trading volumes of the most popular Bitcoin/USD market saw a dip of by over 40% versus December-18, marking the worst period for Binance since its inception in 2017.
While Binance definitely seemed off-guard, Coinbase’s Bitcoin/USD markets also saw a drop-in volume tanking it below the May 2017 volumes. The same has been the case with Winklevoss promoted Gemini exchange whose trading volumes have been pretty stagnant over past 2 months and OKEx which has lost its 3-month growth streak in January 2019.

While the numbers look weak for January 2019, one has to keep in mind that these numbers are in following some stellar months for all the crypto exchanges. Volumes on Binance’s Bitcoin dollar-pegged markets accounts for the year of 2018, were just shy of 50% of the total on the largest exchange. Same was the story for other exchanges as well, Coinbase BTC/USD markets accounted for 46%, slightly down from 2017 when it stood at 48%. Combined with Ethereum markets, however, the two majors accounted for 75% of total trades two years straight. US Dollar markets hit over $83Bn in trading volume for Coinbase last year, up from $67Bn in 2017.
While the growth in volumes looks slightly off the radar this month, the numbers are still big enough to conclude that there is any kind of sluggishness in the market. Drop in volumes could also be an indicator that people are not just trading cryptos for some quick bucks and are turning investors and holding their assets for long term appreciation.
Why do you think are these crypto trading volumes falling? Do let us know your views on the same.
The post Bitcoin Exchange Popularity Sees a New Trend, Diar in its Astonishing Report appeared first on Coingape.
Source: CoinGape

Crypto Exchange Volumes Drop to Lowest Levels For Over a Year

As the crypto winter deepens with no sign of a recovery on the horizon contractions have been occurring across the industry. The two notable signs at the moment are shrinking exchange volumes and a drop in crypto related Twitter activity.
Trade volumes across all of the major crypto exchanges have plummeted back to levels not seen since 2017. According to research by Diar, exchanges could be set to enter a new plateau as volatility dwindles and markets cool off. So far 2019 has been particularly quiet has crypto markets pulled back in January.
The research added that Binance, the world’s top exchange by reported volume, has seen its worst period for well over a year as the Bitcoin/USD market has been slashed 40% since December 2018. According to Coinmarketcap.com Binance volume is currently at $640 million which is way down from the billions traded on the exchange this time last year.
Binance is not the only exchange to suffer. Coinbase has also recorded its lowest month since May 2017 as trade volume plunge amid a deepening bear market. OKEx is another one that has lost out with the reversal of a three month growth trend as volumes shrink. Gemini has shown a similar pattern to Coinbase as the declines are extended.

There have been several reports last year of fake volumes on some of the major crypto exchanges but there is no denying that figures have shrunk across the board over the past year.
Twitter Activity in Decline
In addition to the drastic drop in exchange volumes has been a decline in crypto related activity on Twitter, which has become the standard social media platform for the industry. Prominent crypto analyst Murad Mahmudov has observed that Bitcoin related tweets have dropped to levels back in 2014. He added that this was an extremely bearish sentiment which backs up claims that the crypto winter is far from over.

1/ This screams bearish.Tweets about Bitcoin at the same level as 2014 and lower than at any point in 2016, like nothing has changed.
That is an absolute disaster for the price in the medium-term in my opinion. pic.twitter.com/DTdsUepx1t
— Murad Mahmudov (@MustStopMurad) February 3, 2019

Murad has made a number of price predictions with the most recent seeing a dip to $1,700 for Bitcoin by the middle of the year. This would provide a key level to accumulate and a trend reversal has been predicted for the latter half of 2019 when the bear market final comes to an end.
The decline in Twitter activity and exchange volumes are unsurprising considering that markets have collapsed by over 80% over the past 12 months.
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