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Winklevoss’ Gemini Dollar [GUSD] live on Coinomi Wallet; another feather in the cap for the stablecoin?

Shahrain KM

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Winklevoss' Gemini Dollar [GUSD] live on Coinomi Wallet; another feather in the cap for the stablecoin?
Source: Unsplash

Recently, Gemini Exchange, a digital asset custodian and exchange platform announced that its stablecoin, Gemini Dollar [GUSD] was live on Coinomi wallet.

The Gemini Trust Company is a New York-based platform which was founded in 2014 by Cameron and Tyler Winklevoss. On June 2016 the exchange came to be known as the world’s first licensed cryptocurrency exchange platform. The Coinomi wallet is a cryptocurrency wallet wherein users can store, manage and exchange Bitcoin [BTC], Ethereum [ETC] and several other altcoins.

Gemini on its official Twitter stated:

“We are happy to announce that the Gemini dollar [GUSD] is now live on CoinomiWallet!”

Earlier in September, the Winklevoss twins launched their regulated stablecoin, GUSD on Gemini Exchange with an aim to ‘send and receive U.S dollars like e-mail’. The twins had stated that through the launch of the GUSD stablecoin, the US dollar could be brought to the blockchain platform.

The Winklevoss brothers further stated that the move was made to serve as a link between the present fast-paced digital currency ecosystem and the traditional fiat-based payment system.

TeslaTrades, a Twitterati said:

 “This is awesome. I am very happy now. RIP Tether.”

MountCrypto, another Twitterati said:

 “I Hope that the GUSD is the USDT killer.”

WarnerBrosUrban, a Twitter user said:



 “This is a scam coin, lol.”

The Gemini Dollar was previously listed on Bibox, an AI-enhanced, encrypted cryptocurrency exchange platform. Towards the end of September, GUSD was listed on HitBTC exchange. HitBTC on their Twitter stated that they strongly support the concept and philosophy of stablecoins and were therefore glad to open markets for the Gemini Dollar.

Moreover, in mid-September, Gemini Exchange announced that they had received regulatory approval to list Litecoin [LTC] on its platform.





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Shahrain KM is a writer at AMB Crypto. Her curiosity in Blockchain technology and Cryptocurrencies has led her to be a part of the news reporting team of AMB Crypto. She does not hold value in any cryptocurrencies currently.

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Tether’s [USDT] market capitalization hits all-time high, Facebook in talks with Winklevoss twins, trading firms over new cryptocurrency and more

Guest Author

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Tether’s [USDT] market capitalization hits all-time high, Facebook in talks with Winklevoss twins, trading firms over new cryptocurrency and more

Daily Crypto News – May 25

1) Bitcoin Wallet receives part of 5,000 BTC: A recent Whale Alert highlighted a transaction on May 24, where a large sum of Bitcoin [BTC] exchanged hands between two anonymous wallets. According to the alert the transaction took place at 22:13:23 + 1 minutes and 5,000.00001092 BTC was transferred from an unknown wallet, with address 19SiCYaYKZh9A8HUjuh14eg5wtYzKxiFbB, to another unknown wallet with address 14GcjGjxwadzcpmq9EG3KUgTKATjurbnWt.

Read more at https://bit.ly/2VRQwb0

2) Bitwise Report 2.0: Bitcoin [BTC] futures continues growth: On a month-on-month basis, Bitcoin Futures saw a massive bump in April trading at an average of 10,000 contracts daily, peaking on April 4, with over 22,000 contracts traded. To put that number in perspective, in March 2019, the average contracts traded was less than 4,000. Despite the high standards set in April, the average daily contracts traded in May, with 25 days gone has exceeded 14,000 and still looks to grow, given the price performance of Bitcoin.

Read more at https://bit.ly/2W40sTR

3) Craig Wright on private keys: Craig S Wright has, for years, claimed he is the true creator of Bitcoin [BTC] without providing a shred of evidence to support the same. With the crypto-community levelling, Wright could prove his worth by sending BTC from Satoshi Nakamoto’s touted wallet containing around 980,000 BTCs, the BSV man in a twisted cause and effect situation, stated he will “sign” into his wallet only when he proves he is the creator.

Read more at https://bit.ly/2X6fdlw

4) Tether’s [USDT] market cap hits ATH: Tether and Bitfinex are being closely scrutinized now more than ever due to the NYAG’s lawsuit; however, the scrutiny doesn’t seem to have affected Tether as the market cap of USDT has increased by over $100 million in approximately 70 days.

Read more at https://bit.ly/2McaTjE

5) Tether volume shift: Another controversial topic in the cryptocurrency industry was the issue of fake transaction volumes on many of the popular cryptocurrency exchanges. The magnitude of the topic was so large that even Changpeng Zhao, the Chief Executive Officer [CEO] of Binance had raised red flags. This topic and Tether as a whole received another twist when Larry Cermack, the Director of Research at The Block, pointed out a few parameters when it came to the said volume.

Read more at https://bit.ly/2wmk4mJ

6) Bitfinex’s LEO tokens listed on Delta Exchange: Bitfinex’s Leo tokens faced quite a lot of criticism when they were announced, due to the missing $850 million funds from Bitfinex. The private investment round by Bitfinex also faced a lot of heat from the media. However, in a recent development, Leo tokens are being listed on various exchanges for trading.

Read more at https://bit.ly/2HUEnNB



7) Robinhood en-route a projected valuation of $7 billion: Robinhood, the California-based cryptocurrency exchange made headlines recently when a source close to the organization revealed that it was on the verge of closing their latest round of funding at a valuation of a whopping $7 billion – $8 billion. Sources even claimed that the current round of funding could act as a precursor to an even bigger round of funding, which would pit Robinhood with the bigwigs like Coinbase and Binance.

Read more at https://bit.ly/2W64KKj





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